I have an old friend who had asked for information about Bitclub a few weeks ago and he asked more today. I hope that is informative for you! I will put his questions and comments in black.

Me : Here is the latest Bitclub information in a webinar it is going extremely well and we are all very excited. I have been buying more positions
https://attendee.gotowebinar.com/recording/2200090154334116865

Friend : So what’s the premise of Clubcoin and Bitclub?

Hi
Premise is that we will join together to become a buying group and get discounts. And the members who find the merchants who give the discounts will get paid a lot. And they will also benefit from finding people who find merchants.
This merchant part of the business will start very soon.
The more time I spend on this business the more excited I get. I have spent 4 hours each here in Tokyo with each of the 2 founders. Basically their goal is to create 10,000 millionaires by the end of 2017 and they have a clear plan for that.

OK.
So what does someone do to get involved?

To get involved you need to firstly register at http://crowdifybitcoin.com
There are different joing levels.

OK.
And joining will get you what benefits?
Am I paying money into something?

Joining costs $99 and you get membership, a spot in a binary downline and 25 Club Coin which are worth 50 cents each or so now. Then there is a choice of whether or not to mine bitcoin and be able to build a team by introducing other people.

Why Club Coin and not Bitcoin if that`s the true currency?

You get Clubcoin for free no Bitcoin.
You are buying Bitcoin mining equipment with the joining fee.
There are 3 different Bitcoin mining pools $500, $1000, and $2000

Gotcha.
So you’re paying into a pool?

As a club we are mining around $75,000 worth a Bitcoin most days

Divided by 300,000?

No about 300,000 have signed up asking for information like you have.
Around 8000-9000 have bought into pools at current rates we are getting very close to $1 a week for every $1 invested.
The real opportunity as I see it is in finding merchants who will partner with us.
You get paid .3 of 1% on every transaction.
I am putting in an hour or 2 a day but am stepping things up.

Partner with you in what ways?

Partner to give discounts on products
And services. To our club members
Your questions are great I need to add them all to my FAQ page
And create a more meaningful flow of answers

I don’t like to get involved with something I don’t understand
With the club coins
What use are they to me?

Club Coins are a digital currency
They can be bought and sold
Very soon they will be used to buy products and services at a discount

But club coins are not bitcoins?

This is the first time ever that a digital currency has been used in this way. This is why we are excited.
There are around 600 digital currencies.
Bitcoin and Club Coin are just 2 of them but the only truly worthwhile ones essentially.
So they are both getting traded a lot.

Everyone trying to be the next sustainable currency
hmm
Ok this is making more sense
So if I join I get Clubcoin
And what else?
For $99 ?

Yeah pretty much that.
You will get a place in the downline as well. There are bonuses that come when people below you upgrade and they happen even when you do nothing but just join mining pools.

Is this club the only one that is doing clubcoin?
Or are there thousands of these groups?

No Club Coin is our coin.

So other people can mine Club Coin.
Just like bit coin.
But this is the primary hub?
No.
Club Coin is produced in a different way.
There is a limited number possible just like Bitcoin. However they are produced by a process called staking.
Which only club members can participate in. It involves giving your club coin over to a pool and getting back club coin each month as earnings.

What is involved in this process?
Who controls it?

Control? Bitclub has a group of 5 founders including 2 main founders both of whom I have met for 4 hours one on one and there are about 15 staff

But the thing with Bitcoin is supposedly no one has “true control” Decentralized banking?

Bitcoin yes decentralized. Club Coin also has similar rules/ protocols and price is also determined on the open market.

So you have to spend money to get involved?

You have to have $599 to begin participating properly yes.

That’s a lot of money to invest.
What’s the break even point?

Is a very difficult question as we have not started yet.
I have found 26 people so far to get involved and they are all extremely happy.So in just a few weeks or months they have reached the break even point. I have always offered a money back guarantee and everybody has reached this point.
I value my position in the club at around $50-70,000.
I am not an experienced network marketer so I am not good at enrolling people or explaining how all this works.

So it’s a virtual pyramid.
If I do not actively recruit this won’t make me money?

Is opposite of traditional MLM because we actually pay out people every month instead of asking them for money each day. My $15,000 investment is bringing me at least $100 a day and some days $200.
And will keep doing that for a long time even if I do nothing.

But if you didn’t recruit all those people would you be making that much?

Our Bitcoin mining earnings vary day to day depending on how many blocks we unlock.
With no recruiting or even doing a single thing an investment of $599 is earning $1-$2 a day and will keep earning for many years.

Ok so Bitcoin is the backbone to Club Coin?

Bitcoin is not related to Clubcoin.
Both are just 2 of around 600 digital currencies.
They are both applications which operate on a thing called the Blockchain. This is where mining and buying and selling of the digital currencies takes place
One thing that I have going for me in this is that I was introduced to it by a guy who is working it fulltime
And he is signed up directly under one of the 2 founders. And he then introduced another guy who is working it full time and I am placed directly under him. So I am having a lot of people stuck under me by those 3

That makes sense.
Lucky guy.

And of course so are people who I have introduced.
Which keeps them encouraged and interested. The merchant introducing side of things will start in about 20-25 days
Then I will start working the whole thing much harder
Will be like Groupon but with an interesting twist
The 2 guys that devised this are super experienced network marketers over 20 years each in the businesss. The other 3 founders are techy guys.

Network marketing is cool but your social media feeds end up being real spam like.

Yeah I am not so skilled at getting the balance right
I like this business because I learn a lot every day and we
Nobody has ever asked such meaningful questions as you

Really? Well as I said. I don’t believe in anything being easy money. But I do believe you can find smart opportunities which is what I’m curious about.

Many of these ideas fall apart because the founders get greedy.
But after meeting the 2 founder guys for a decent amount of time I did not get this feeling.
I am imagining the power of us having 100,000 people all using club coin to make transactions
And say 5,000 of us all getting a small slice of that
Because we introduced the merchants
And then it growing in say 3-4 years to say 5 million people making transactions with Club coin
Like Groupon grew
I am interested in being in at the start of something like that.

Ok. Well I’m going to research Club Coin and see.
Read up on digital currencies etc.
So are they trying to be a digital currency mining group? Or digital currency marketplace i.e. Costco

More like Groupon but with our own currency.
With Club Coin.
And because the number of Club Coin is limited then the more it is used the faster it will rise in value.

Why would you spend Club Coin then? I’d hoard it all and never buy.

It will only rise in value if it is used

But let everyone else use theirs
And you just store up a reserve
If every shade is going up then you’re making money by not spending yours
Bankroll increasing?

This is just my take on the whole thing. I am sure that other members of Bitclub have a different take. That has been the problem with the other digital currencies apart from Bitcoin. They have not been part of the global economy. Because we have a decent sized membership base we can make club coin a part of the economy. Herein lies our point of difference
So yes I will be “hoarding” some but will also be using it.

So that is my attempt to explain what we are doing. Do you get it?

Michael
http://crowdifybitcoin.com

I have been lucky enough to have had 2 lengthy face to face meetings with Bitclub founders Russ Medlin and Joe Abel and have been really impressed with their vision. Their vision is to create 10,000 millionaires. All 10,000 of us are working as a team to make this happen for each other. As we do this we are going to make over 100,000 others a lot of money as well and teach them a lot about business and the internet.

Russ and Joe and the rest of their team have really stepped things up in the past few weeks. They have revamped the business plan and have employed some extremely clever people.

After nearly 6 months experience with Bitclub I have identified a 5 pronged wealth creation opportunity that may not be entirely obvious to you at first glance.

The core of how we are making money right now is from Bitcoin mining. Over $50,000 a day is coming in and being shared around the 8-9,000 members by way of daily payments. Earnings form this are growing as we purchase more and more computer power and the price of Bitcoin edges up.

The second prong to Bitcoin mining is that when you introduce people to your team you also share a small daily slice of their mining earnings.

Thirdly there are cycle bonuses and other bonuses. These are also drawn from mining income but are paid out based on how early you get involved. These are worth $200 each and I am now getting 2 or 3 of them a week. I am beginning to see the frequency of these bonuses increasing. I do not necessarily even have to find anyone to join for this to happen. They happen for me even when people completely unconnected to me join. It is simply my reward for getting involved earlier and for showing some faith in Bitclub.

Then there is Club Coin and this brings 2 more opportunities. Club Coin is Bitclub`s own digital currency. Club Coins are now worth over 50 cents each and I have accumulated over 20,000 of them. They are all staked which means that they are growing in number by the day. Every month I get paid out around 400 more.

The fifth and last prong is actually doing business with these Club Coin. This aspect is your biggest reason for getting involved with Bitclub because this is where the money is really going to be made. As a growing club we have increasing group negotiating power. So we will create business relationships with hundreds then thousands of merchants. If you are the one that introduces these merchants you will earn .3 of 1% of every transaction that is completed with Club Coin. When people you introduce find merchants and transactions happen you will also get paid so there is a good incentive for helping your team getting the word out as well. This is Groupon but with our own currency. The great news is that is has not even started yet so that if you get involved in the next few days you can be in right at the start. Bitclub members are beginning to reach out to potential merchant partners already.

Right now huge money is being made by banks and credit card companies because of daily transactions. Relationships that they made several years ago are still bringing them daily income in literally millions of ways. How about if you could participate in the world economy in a similar way? As a growing team Bitclub can become an unstoppable force and 10,000 millionaires will be created. I fully intend being one of them. I can seriously see a million dollars coming my way in the next year or two by putting in an hour or two a day with Bitclub. i also know that along the way I am going to introduce a lot of people and businesses to Bitcoin. It is pretty exciting.

Please skype me at michaelqtodd to get involved and look at http://crowdifybitcoin.com to get more information too.

Michael