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4 things people get wrong – or don’t understand – about Bitclub Network.

I’ve been a member of Bitclub Network long enough (I joined back in 2015 and was one of the first people to take out membership in South Africa ) to know when a new member has an insufficient understanding of things when I get asked one of the following questions:

Is it true that once I get 15 credits on each of my legs I earn $200 per day?

Does Bitclub Network trade bitcoins?

Can I get rich or create wealth just by buying a share in Pool 1?

Do I have to recruit once I’m a member of Bitclub Network?

(The reason I get asked is because I’m a regular blogger and have an online presence when it comes to cryptocurrencies, Bitcoin and Bitclub Network).

Here are the answers to the abovementioned four questions:

Is it true that once I get 15 credits on each of my legs I earn $200 per day? No, not true that you earn $200 a day once you get 15 credits on each leg. The $200 paid into your Bitcoin wallet is a once-off payment and happens on you getting 15 credits on each leg. (Credits accrue by selling shares in mining pools as follows: 3 credits for a Pool 1 share, 6 credits for a Pool 2 mining share, 12 credits for a Pool 3 mining share, and 21 credits for a Founder’s pool purchase which comprises one share in all three shares). On Bitclub Network paying you the $200, it automatically removes 15 credits from your left leg and 15 credits on your right leg. So if for example, you had 60 credits on your left leg and 15 credits on your right leg, you would be left with 45 credits on your left leg and 0 credits on your right leg. Only once you – or one of your team members – sold more mining pool shares and got another 15 credits on your right leg would you “cycle” again and earn another $200, paid in Bitcoin.

Does Bitclub Network trade bitcoins? No. It mines bitcoins on behalf of its more than 675 000 members around the world. Members buy shares in its mining pools and Bitclub Network mines Bitcoin on their behalf over a 1000 day period. After a 30 waiting period, members earn small amounts of Bitcoin on a daily basis for the entire 1 000 days (three years). Through this mining process – done at its mining facilities around the world (its mining facility in Rekjavik, Iceland is its largest), members earn partial shares so if you start with one share, you might have two or even three shares by the time your mining contract is up. The beauty of Bitcoin mining is that members benefit from any rise in the price of Bitcoin plus they benefit by earning more Bitcoin. As things stand, Bitclub Network is purely a miner of bitcoins…but may venture into the TRADING of bitcoins in the near future. Members should know that in time Bitclub Network will be more than just a MINER of Bitcoin..

Can you get rich purely by buying a share in Pool 1? My answer to this is “unlikely”. It would be a good investment for sure, but can you get wealthy from it? I don’t believe so….unless the price of Bitcoin goes up to $100 000 of course. Is this possible? Yes, in time….although nobody knows for sure. Those members creating wealth in Bitclub Network (and there many around the world) buy shares in the mining pools – oftentimes, many shares – and then go out to introduce others and build a team. This is the network marketing side of the business, and this is where the potentially big money is made. This brings me to the 4th question posed:

Do I have to recruit as a member of Bitclub Network? The answer is no. When you join Bitclub as a member, it is your business and no one can tell you what to do with it. If you want to be an investor only ie buy a share in a mining pool or mining pools, then this is absolutely fine. Just know that you will only be earning through ONE revenue stream ONLY ie the mining of your Bitcoin. When you “recruit” (I’m not a fan of the word “recruit”) and you achieve a certain rank through building a team, various other revenue streams come into play. For example, when you achieve BUILDER rank, you start to earn Level Up commissions, Matching Bonuses and Infinity Commissions, the latter of which is calculated daily and paid monthly. Anyone joining Bitclub Network as a member starts at MINER rank and the team builders amongst them then aim for the higher ranks ie Builder, Master Builder, Monster Builder, and Mega Monster. The higher the rank, the more you earn, and the deeper you earn. This said, Bitclub Network has many members around the globe who have NO interest in recruiting and building a team. If you are one of these people, our advice is to – at the very least – buy mining shares for your children if you have, and for immediate family members, even if you have zero interest in “recruiting”. Why? Because buying into bitcoin mining pools can be an extremely good medium to long term investment.

New members to Bitclub Network should always aim to go for training. Even if only to understand how the mining earnings are calculated, or to understand the Bitclub Network compensation plan. (There is a video available on the compensation plan and it is hugely important to sit through it and watch it a good number of times, as earning passive income just cannot be be beaten.)

In the three years that I’ve been a Bitclub Network member, I see so many members with an insufficient understanding of the business. This is a pity as it’s not an easy business to grasp, and it’s not an easy business to explain to people wanting to buy in.

Training is provided every Saturday at the offices in Rosebank Johannesburg and is free to attend. If all Bitclub Network members in Gauteng – there are probably more than 10 000 members in South Africa – took the trouble to really understand the business, we would have less members asking the type of questions asked here, and less miscommunication out in the market.

Gerard Kavonic has been a member of Bitclub Network South Africa since 2015 and is soon to achieve the rank of Master Builder. He has two websites www.bitclub.co.za and www.bitclubblog.com  and co-administers a fast-growing team globally. Anyone wanting to join BitClub Network as a paid member must register as a free member first. If you don’t have anyone to register under, you’re welcome to join under Gerard. His username is bitcoingerard and his personal link is  https://bitclubnetwork.com/bitcoingerard/signup.html He can be reached on +27 83 444 9888 and on gerard@kavonichone.co.za and more@bitclubnetwork.co.za 

 

 

 

 

 

6 Comments

  • Musa Posted May 10, 2019 7:12 am

    Good Morning Gerard.

    Thank you for providing clarity on Bitcoin business and investments.

    Most of the people we meet they don’t have enough knowledge and they create a perception of earning big money ,but they don’t explain exactly how.Thank you for information.

    • Gerard Posted May 29, 2019 2:06 pm

      Only a pleasure Musa. Yes I agree. I will email you. Regards Gerard. 083 444 9888

    • Gerard Posted July 3, 2019 10:45 am

      Add me on whatsapp and I’ll see how or where I can help you. regards Gerard. +27 83 444 9888

  • Gee Posted May 26, 2019 9:34 am

    After 1000 days elapsed can I withdraw 1btc even though other shares will continue. Can I withdraw my 1000 days elapsed share

    • Gerard Posted May 29, 2019 1:55 pm

      Hi Ngumbela. You can withdraw whatever you have available in your bitcoin wallet to withdraw. I’m not sure how much or little it will be, as the mining earnings have been low of late. I will email you. Regards, Gerard. 083 444 9888

    • Gerard Posted July 3, 2019 10:47 am

      Add me on whatsapp and I’ll see how or where I can help you. regards Gerard. +27 83 444 9888

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