BitCoin Cycler Review: Todd Hirsch tries bitcoin

Sep.25, 2014 in MLM Reviews

BitCoin Cycler is currently in prelaunch, with the company claiming to be headquartered out of Davao City in the Philippines.

Heading up BitCoin Cycler is Todd Hirsch, who is identified as CEO of the company in its marketing material:

Hirsch (right) has a long history of releasing recruitment-driven matrix scams. His last venture was Rocket Cash Cylcler v2 (stylised as RCCv2), which launched back in February.

Alexa statistics reveal that RCCv2 flopped, which when coupled with the recruitment requirements required to keep the scheme afloat, means that it’s likely collapsed some time ago.

Prior to RCCv2 Hirsch launched Rocket Cash Cycler in mid 2013 as a silent owner. Also recruitment dependent, RCCv2 launched when RCCv1 began to collapse.

Rocket Cash Cycler itself was a reboot of Hirsch’s prior matrix scheme, Cloud 2×2.

Going back even further, Hirsch was then involved in the Ponzi schemes Zeek Rewards and Bidify. I’ve previously covered Hirsch’s earlier MLM history in BehindMLM’s cloud2x2 review:

Todd Hirsch was a member of the recently stopped $600 million Ponzi scheme Zeek Rewards and is also a self-described “top earner” member of Bidify.

Hirsch currently claims to be the “#4 top earning” affiliate in Bidify.

Bidify, a penny auction (Bidsson) attached to an MLM business opportunity had a similar Ponzi points compensation plan to Zeek, which was immediately changed following SEC action against Zeek Rewards.

Hirsch recently claimed in a video that he was involved in promoting Zeek Rewards and recruiting new investors knowing full well it was a Ponzi scheme.

Hirsch also recently claimed on Troy Dooly’s MLMHelpdesk that he is a member of the suspected Ponzi investment scheme, ‘Banners Broker’.

Describing himself as a “program jumper” on his blog, Hirsch claims he’s ‘in about seven different programs at this time and (that he’s) joined and been apart of maybe over 50+ programs since (he) started in online marketing in early 2010.‘

Mike Lavoie, named as the CEO of Skycoinlabs in BitCoin Cycler marketing materials is a longtime partner of Hirsch’s. In their marketing efforts, Cloud 2×2 affiliates named Lavoie as co-founder of the scheme with Hirsch.

Only a few months ago, Lavoie (right) launched GoldAdMatrix. Similar to Hirsch’s matrix scams, Lavoie’sGoldAdMatrix had affiliates buy-in for between $2 to $567 and required constant recruitment to maintain commission payouts.

Alexa reveals some activity in Italy, but otherwise shortly after launch GoldAdMatrix appears to have flopped.

The mention of Sky Coin Labs in BitCoin Cycler’s marketing materials is interesting, as Lavoie (“frenchy36″) was seen promoting the scheme back in April:

sky-coin-lab-marketing-video-michel-lavoie

Further research into Sky Coin Lab revealed it ‘accepts investments from affiliates on the promise of ROIs paid out via BitCoin‘ (taken from our GoldAdMatrix review).

What is a BitCoin Ponzi scheme doing partnering up with BitCoin Cycler?

Read on for a full review of the BitCoin Cycler MLM business opportunity.

The BitCoin Cycler Product Line

BitCoin Cycler has no retailable products or services, with affiliates only able to market affiliate membership to the company itself ($250).

The BitCoin Cycler Compensation Plan

The BitCoin Cycler compensation plan revolves around affiliates buying positions for $250 and then recruiting others who do the same.

BitCoin Cycler commissions are paid out using a reverse 2×3 matrix.

A 2×3 matrix has one position at the top, two under that, two under that and two under that for a total of fourteen positions:

New affiliates are funneled in through the bottom of the matrix, with the top position being the pay position.

Once a BitCoin Cycler 2×3 matrix is full, the top position gets paid and the matrix splits. Thus the two positions that were previously on the second level of the matrix are now top positions on two “new” matrices.

These two new matrices now have eight empty positions on their third level, which again need to be filled before the top position is paid out on (referred to as a “cycle”).

In addition to receiving a commission, the top position is also re-entered into the bottom of an existing 2×3 matrix (typically following the affiliate who recruited them).

This process repeats itself over and over again, slowly pushing newly created positions to the top of their own 2×3 matrix.

If a BitCoin Cycler affiliate recruits two or more affiliates, they can “jump” over other affiliates who have not met this requirement when a matrix board splits.

When a pay position in a BitCoin Cycler cycles out of a matrix, the affiliate who owns the position is paid $1000. They are also provided with a $250 investment in Mike Lavoie’s SkyCoin Lab scheme (advertised daily ROIs) and re-entered at the bottom of an existing matrix.

Joining BitCoin Cycler

Affiliate membership to BitCoin Cycler is tied to the purchase of at least one matrix position.

This pegs the defacto cost of BitCoin Cycler affiliate membership at $250.

Conclusion

Bitcoins can be used to buy merchandise anonymously.

In addition, international payments are easy and cheap becausebitcoins are not tied to any country or subject to regulation.

-Official BitCoin Cycler marketing presentation

Having launched a plethora of collapsed recruitment-driven matrix schemes between them, Todd Hirsch and Mike Lavoie now seek to join forces and combine Lavoie’s bitcoin investment scheme with yet another matrix-based opportunity.

If we isolate the two opportunities at play here, BitCoin Cycler is just a run-of-the-mill pyramid scheme. Affiliates buy in for $250, recruit new affiliates who do the same and once enough new affiliates have been recruited, receive a cut of everyone’s buy-in fee.

Once the recruitment slows down, like all the other matrix opportunities Hirsch and Lavoie have launched, BitCoin Cycler will collapse.

Now as for the pumping of BitCoin Cycler funds into SkyCoin Labs, now we get into Ponzi scheme territory.

SkyCoin Labs accepts investments on the promise of implied >100% daily ROIs over a year.

This is done under the ruse of “mining contracts”, with Lavoie simply taking newly invested affiliate funds and paying off existing investors (there’s no other revenue-source).

Lavoie does not appear to have registered with the SEC, and as such through SkyCoin Labs would appear to be engaged in the offering and sale of unregistered securities.

That said, SkyCoin Labs has never really taken off – so it’s doubtful it’s on the regulatory radar.

Looking at the performance of Hirsch and Lavoie’s more recent matrix launches, I’d predict a small flurry of activity at launch followed by a gradual collapse a few months in.

Despite the name, BitCoin Cycler has nothing to do with BitCoin. This is just matrix recruitment scamsters trying to catch the tail-end of the BitCoin wave.

29 Comments on “BitCoin Cycler Review: Todd Hirsch tries bitcoin”

Sep 25th, 2014 at 10:50 am (Q)

Those two scamiots are very much aware their ventures are short lived and only launch them for the quick revenue they earn on all the suckers who join them.

K. Chang

Sep 25th, 2014 at 5:15 pm (Q)

Sooner or later their reputation will catch up with them.

One of my pie-in-sky projects was some sort of a “who’s who” index of HYIPers and ponzi pimps.

It’d be a wiki much like Wikipedia with common templates and full of info (with a read-only server archiving webpages or videos or screenshots) documenting the sordid history of every one of these pimps so they can never hide from Google searches.

Shark

Sep 25th, 2014 at 6:04 pm (Q)

If you ever decide to work on that K. Chang, you should add a personal quote from each person that serves as a perfect summation of their character.

The one for Todd Hirsch would read “I’d consider Rocket Cash Cycler to have been a reasonably successful program.”

Paraphrased a little, but that line really stuck out to me. This guy called a collapsed pyramid scheme that probably only he and his friends made any money in successful. The same one that everyone who wasn’t him or his buddies completely lost everything in.

He might have even actually been talking about 2×2 when he said that. I suppose I would remember which one it was if all of his programs didn’t collapse so often. Heyooooo!

Sep 25th, 2014 at 8:39 pm (Q)

Yes a data base is an excellent way to go and list all these scammers alphabetically.

There are so many…it might become a new full time part time job.

andrew

Sep 26th, 2014 at 4:24 am (Q)

@k.chang, with combined efforts, the help of OZ, DON from asdupdates, patrickpretty, and all of us worldwide. we can make this happen.

im from south america and a certified translator, so count me in to help bring down any language barriers that may arise in the research of all the seamsters

K. Chang

Sep 26th, 2014 at 3:54 pm (Q)

Oz, maybe you can retitle article as “Hirsch’s rocket (cycler) fizzled, reboot with Bitcoin theme.

heck, it’s almost like those crazy HYIPs. There’s cargo HYIP, 007 HYIP… if there’s something famous, there’s probably a related HYIP.

Todd Hirsch

Sep 27th, 2014 at 8:43 am (Q)

Hi, thanks Oz for your flawed review. You help me bring traffic because real mlm people that love the industry check your site to see your bad reviews to know if a program is popular. I appreciate the free traffic.

First of all your review on the comp plan is actually right this time and YES for someone to make money in my company they have to build a downline or a “sales force” team. Just like any company in the world it takes sales to make money.

You forgot to mention the incredible value people receive when they buy our products. There will be thousands of people that “join” BCC just to buy the products and that do not take advantage of the advanced and optional compensation plan.

The main thing you got wrong is SkycoinLab. SkycoinLab is a bicoin mining company. SkycoinLab has a real mining operation with real mining servers here in Canada. I am in Canada right now helping set up the new bigger mining warehouse.

SkycoinLab is not a “ponzi”. People are buying bitcoin mining contracts and they can earn contracts in BCC. The contracts reserve mining power on the bitcoin mining servers. There is nothing “ponzi” about that. PLEASE do BETTER RESEARCH next time!! Watch what you call a ponzi!! Get better at your little gig and at least get it right!

Thanks again… so you know.. I am starting up a new blog that focuses on the POSITIVE side of MLM soon.. Keep up your negitve soap box and have a great day!!

Trust me when I say BCC will pay out MILLIONS of $USD$ just like RCC and will HELP many people. The ones that work hard in the company will make life chaining money, not just me and Mike!

There are so many more people that LOVE what I do and what I provide compared negative little people like you.

Do not edit my posts anymore!

PEACE N’ Love

Sep 27th, 2014 at 9:29 am (Q)

for someone to make money in my company they have to build a downline or a “sales force” team. Just like any company in the world it takes sales to make money.

Sales of matrix positions to recruited affiliates = pyramid scheme.

You forgot to mention the incredible value people receive when they buy our products. There will be thousands of people that “join” BCC just to buy the products.

Nobody is buying positions in your money game for “products”. Cut the crap son.

SkycoinLab is not a “ponzi”. People are buying bitcoin mining contracts

People invest in Skycoinlab on the implied guarantee of a 100%+ ROI over 365 days. Lavoie uses new affiliate funds to pay off existing investors.

Setting up a few mining servers doesn’t change that. Anymore then bundling useless crap to your matrix positions makes it any less of a recruitment-driven pyramid scheme.

Thanks again… so you know.. I am starting up a new blog that focuses on the POSITIVE side of MLM soon..

If your idea of “positive” MLM is matrix pyramid schemes and bitcoin Ponzi schemes, god help us all.

Deb

Sep 27th, 2014 at 9:30 am (Q)

Did you join either of Todd’s cyclers? I know I made money and a lot of my team did also. And we are still using the skype software and have downloaded dozens of books from the success library.

Now to have a simpler cycler with the addition of bitcoin is very exciting. Cyclers are MLM with a team build.

I don’t like to read negatives about MLMs that haven’t even had a chance to launch yet. Why don’t you join my team and let’s go make some money together?

#10

Sep 27th, 2014 at 9:32 am (Q)

Did you join either of Todd’s cyclers? I know I made money and a lot of my team did also.

What does have to do with the price of fish in Nigeria?

Now to have a simpler cycler with the addition of bitcoin is very exciting.

Only to greedy scammers hoping to “get in early” and rip off those who come in after them.

I don’t like to read negatives about MLMs that haven’t even had a chance to launch yet.

Is BitCoin Cycler launching with a different compensation plan post-launch then?

Why don’t you join my team and let’s go make some money together?

*barf*

#11

Mikael

Sep 27th, 2014 at 10:44 am (Q)

I have to say that im very impressed about the time and research you have put into this investigation! You know more about Todd Hirsh than me for sure and i have worked with Todds cycle programs for about 2 years now.

What i have learned after those 2 years is that nothing comes for free.. I have also worked hard just as you have done in your investigation.

The only difference is that i have got so many new friends from all over the planet, ive had a lot of fun and i really feel that i have brought someting good in life to people!

Of course you cant understand this since you are on the other side and litterally bathing around negative people on this site. So far Todds program has paid me 25000 dollar wich is good extra money for me.

You would probably have earned the same at least if you had put just as much energy in his programs as you do here.. I do welcome you over to “the other” side though, where the happy, positive and wonderful people are. Good luck in your future success /Mikael

#12

Sep 27th, 2014 at 10:49 am (Q)

i have worked with Todds cycle programs for about 2 years now. What i have learned after those 2 years is that nothing comes for free.. I have also worked hard just as you have done in your investigation.

Recruiting people into matrix cylcler pyramid schemes in not “work”.

The only difference is that i have got so many new friends and i really feel that i have brought someting good in life to people!

Ripping people off by recruiting them into cycler pyramid schemes? Some friend you are.

So far ~~Todds program has paid me~~ I have stolen from people who joined after me, 25000 dollar wich is good extra money for me.

Fixed. You’re welcome.

#13

Sep 27th, 2014 at 11:23 am (Q)

The energy and time people put into this site is to Partly make people aware of scammers in this ponzie industry and how they operate and Why the owners and top pumpers are the ones who profit.

People who have half a brain will see this!

#14

Shark

Sep 27th, 2014 at 12:10 pm (Q)

So, any of you guys care to address why all of Todd’s programs collapse when people stop joining?

All he’s doing is stealing people’s money and them moving on to the next program. This one isn’t any different.

#15

K. Chang

Sep 27th, 2014 at 2:16 pm (Q)

Todd Hirsch: I am in Canada right now helping set up the new bigger mining warehouse.

Then you’re even more idiotic than I suspected. Every single Bitcoin mining calc I’ve tried says you’ll NEVER make back any money you invested in hardware. At best you can get to about 50% recovery before the difficulty ramped up high enough that you don’t even make enough to pay for the electricity.

If you really know what you’re talking about, show us your predicted payout curve, i.e. what sort of dollars per gigahash your hardware can make and how much juice they consume per gigahash.

Or maybe you just like throwing someone else’s money at your buddy at SkyCoin while taking a sip every once in a while yourself. And this time you got plausible deniability, by dragging someone else in as co-front-man

#16

Malu

Sep 27th, 2014 at 4:58 pm (Q)

Aloha Oz.

I have worked with Mr. Todd Hirsh for the last 2yrs in RCCv1 and RCCv1 that is still in operation as we speak.

You been talking about pyramid scheme/ponzi schemes accounting to blacks law dictionary and the dictionary states:

Pyramid: a buyer of goods is promised a payment for each additional buyer procured by him. Ponzi: Success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. Procure:To Persuade, induce, intiate,instigate or cause a person to do something.

for one RCCv1/RCCv2 is owned and operated under RCC worldwide INC. so its not nonexistent it exist,and no payments are promised or invested, and no one that joins RCC is persuaded or induce. They choose to join(free will).

I shared RCC with my friends and my family the Products that is not only valuable but powerful tools to help you take you business from good to great, tool that will help you prospect, broadcast, created your own webpage, help you in your personal development, motivate, become a better you with your own personal success library with over 200 audio, ebooks and video’s, training video, banners, not to mention the 24/7 support services, many of my business people came in just for the products that will take their business to the next level.

then the compensation Plan(no pyramid) which is optional. its up to you if you want to participate. my business people only like the products they don’t participate in the compensation plan.

I lost more money in other companies that recruit then in RCC. Like everything in this world nothing is Guaranteed. when i share i tell them that too. you talk about recuitment with RCC you only need 2 personal sign ups. thats all i recuited.

Shark: So, any of you guys care to address why all of Todd’s programs collapse when people stop joining?

shark or Mano we call it here you already answered your own question. like every business worldwide if no more people, no more business. but all Mr. Todd Hirsh Business didnt collapse RCCv1/RCCv2 in still going. it’s open for business. im here.

K Chang:Then you’re even more idiotic than I suspected. Every single Bitcoin mining calc I’ve tried says you’ll NEVER make back any money you invested in hardware.

At best you can get to about 50% recovery before the difficulty ramped up high enough that you don’t even make enough to pay for the electricity.

K Chang just cause you tried and failed doesn’t mean everyone else will fail. they will look what you did and failed and twik it and do something else. you talk about Electricity if you did your duediligence you would have seen that Skycoinlab is Solar Powered.they don’t have to worry about Electric.

Like everything in Life Nothing is Guaranteed. Everyone Has a choice. before you get into anything do your duediligent. get all your information and then decide what you want to do.

we are all adults. no depend or listen to people find out your self what you are getting into. then Choose. No One can make you do anything you did it yourself. Have a blessed evening. Mahalo for letting me share.

#17

Sep 27th, 2014 at 7:18 pm (Q)

I see Todd’s put his “get in early” buddies to work astroturfing this review.

for one RCCv1/RCCv2 is owned and operated under RCC worldwide INC.

It’s run by Hirsch. The name of the company he uses is irrelevant.

so its not nonexistent it exist,and no payments are promised or invested

There’s an implied guarantee that if x affiliates are recruited (enough to fill a matrix), then a guaranteed payment will be made. Cut the pseudo-compliance crap.

I shared RCC with my friends and my family

to make money off them. Bloody hell, targeting friends and family for pyramid scheme riches. We truly get all sorts of terrible people here.

not only valuable but powerful tools

Nobody joins these matrix schemes for the crap bundled with positions. They join to purchase a position which qualifies them to earn commissions when other people buy positions.

Anyone who wants to assert that if Hirsch charged the same without a matrix position the revenue raised would be even 1% of the matrix positions is full of shit.

then the compensation Plan(no pyramid) which is optional.

Optional recruitment doesn’t make commission payouts any less dependent on recruitment.

That commissions are dependent on recruitment is the problem. Not who does the recruiting.

I lost more money in other companies that recruit then in RCC.

Irrelevant.

#18

littleroundman

Sep 27th, 2014 at 7:40 pm (Q)

So, the secret is out.

Either Todd Hirsch is Andy Bowdoins’ secret love child grown up, or Malu is working from his / her copy of the Ponzi Players Irrelevant Excuses 101handbook

Seldom does one see so many strawman arguments in one posting, EXCEPTwhen HYIPers and get-rich-quickers come out to defend their latest.

#19

scammerssuk

Sep 27th, 2014 at 7:47 pm (Q)

Pretty obvious that the scamming scumbag Todd sent his sheep into this thread to pimp his cycler scam. Idiots!

#20

K. Chang

Sep 27th, 2014 at 10:02 pm (Q)

Malu: K Chang just cause you tried and failed doesn’t mean everyone else will fail.

You can’t read, can you? Stop mumbling generalities and deflecting answers. The NUMBERS provided by all the bitcoin tracking sites says it’s impossible to mine profitably (unless the hardware is free). Even the top Bitcoin developer says cloud mining pools are likely ponzi schemes.

If Todd’s actually paying someone to setup a warehouse and buying hardware he’s wasting your money and/or incredibly naive. And you’re simply not interested in hearing real answers.

#21

K. Chang

Sep 27th, 2014 at 11:50 pm (Q)

Malu: Skycoinlab is Solar Powered.they don’t have to worry about Electric.

Solar panels ain’t free nor do they grow on trees. Duh.

Your attitude is basically “I don’t care what everybody else says. I believe totally in Lord Hirsch and I’ll serve as his character witness, never mind numbers and facts and I will tell the world about my devotion (to Lord Hirsch).”

Either you’re in too deep (loss aversion) or you’re gullible as heck.

#22

K. Chang

Sep 27th, 2014 at 11:59 pm (Q)

Another part of Hirsch’s fish story: warehouse to fit the bitcoin mining equipment in CANADA, for SOLAR POWER?

Wouldn’t it be MUCH cheaper to do it in Mexico, and get more sun in the bargain?

The cover story doesn’t even MAKE SENSE, sheesh.

Imagine Malu walk up to doctor and say “just because you can’t cure cancer with water doesn’t mean nobody else can”

#23

K. Chang

Sep 28th, 2014 at 11:53 am (Q)

Deb: Why don’t you join my team and let’s go make some money together?

Take no part in the unfruitful works of darkness, but instead expose them. — Ephesians 5:11, The Christian Bible

#24

scammerssuk

Oct 8th, 2014 at 1:10 am (Q)

Looks like the obvious scam is supposed to launch today. I hope someone hits it with a DDOS attack so that it never gets off the ground. Todd Hirsch deserves some serious jail time!

Here is a copy of the latest post by MMG forum ponzi pimp – cashmachine34:

Get READY and get your people READY for the cycler to go live at 5pm EST Tuesday. Take action now! if you are not an upgraded Founder yet.

This will be the KING of all CYCLERS and will have record payouts!

We will be manually loading the cycler with all the Founders at 5pm EST. The join link will be disabled for a few hours as we get the boards loaded.

The Ewallets will go live and it will be possible to generate Epins with earnings. We had over 35,OOO members in our last program and the goal is 1OO,OOO+ members in BCC! Grow with us!

If you are one of the few people that have not upgrade to Founder status yet then you should do it now.

Get excited!

4 hours and 48 mins to go…

#25

ivan

Oct 11th, 2014 at 1:27 am (Q)

Did the platform bitcoincycler launced finally?

Does anybody has problem to login?

#26

Oct 11th, 2014 at 8:44 am (Q)

The website looks like so I imagine they’ve launched.

#27

Todd Hirsch

Oct 13th, 2014 at 1:50 am (Q)

Lets get a few things clear here…

#1. 99% of ALL MLM companies do not last more than 5 years. This is a simple fact that I do not ignore. Some have over a million members and still do not last more than 5 years.

The reason is people that love MLM also love joining new programs and get bored easy with working the same company. The people that join MLM companies are entrepreneurs and most do not have the 9-5 work for one company your whole life as a wage slave mind set.

#2. @K. Change BITCOIN MINING IS PROFITABLE if you know what you are doing. If bitcoin mining was not profitable then bitcoin would crash. The miners are the backbone of bitcoin!! PLEASE do better research!

Just owning a few mining machines in your garage might not be real profitable but doing large scale mining is profitable. The main factors are what pools you mine in, the cost of your electricity, and the machines that you have.

There are next generation machines that mine with 3 times the mining power and take half as much electricity. Actually being in Canada is better because we will need to spend less money on cooling the miners. DO BETTER RESEARCH. You guys spew a negative twist on everything.

#3. There are no real “victims” in my companies. I develop high quality MLM opportunities with really high VALUE products that YES people would and do buy my products outside of my MLLM program.

We have extremely low refund rates and many do “join” or BUY the products just for the products.

My programs are not a “ponzi” people know that they have to build a big downline to make the big money. The ones that work the hardest get the most sales and do the best. IT is that SIMPLE. MY comp plans are REAL MLM comp plans.

Have a great day! We are having an amazing pre launch.

#28

Oct 13th, 2014 at 7:42 am (Q)

99% of ALL MLM companies do not last more than 5 years. This is a simple fact that I do not ignore. Some have over a million members and still do not last more than 5 years

Cool story bro, but BitCoin Cycler is still a recruitment-driven pyramid scheme.

The reason is people that love MLM also love joining new programs and get bored easy with working the same company. The people that join MLM companies are entrepreneurs and most do not have the 9-5 work for one company your whole life as a wage slave mind set.

Cool story bro, but BitCoin Cycler is still a recruitment-driven pyramid scheme.

There are no real “victims” in my companies.

Of course there are. When your pyramid schemes eventually collapse/stall, someone is always left holding the bag.

I develop high quality MLM opportunities with really high VALUE products that YES people would and do buy my products outside of my MLLM program. We have extremely low refund rates and many do “join” or BUY the products just for the products.

You develop cycler pyramid schemes. Cut the crap son.