MyBitcoinTube, founded in 2019 is a video advertising platform that claims to pay you for interacting with advertisers. 

Video marketers buy and place video ads on the platform which then delivers the video advert to users who have proven to be of value.

MyBitcoinTube.com provide those users with an instant cash incentive to work with the video marketers. 

They portray themselves as an up-and-coming platform similar to YouTube, but pays out in Bitcoins instead of US Dollars. 

It claimed by MyBitcoinTube that, unlike YouTube you do not need to create videos in order to make money with them. All you have to do is watch videos and earn a maximum amount of US$210 for 20seconds of video. 

 That is where a red flag is being waved! That's US$37,800 per hour...for watching videos. 

While it is true that some Get Paid To Rewards Sites like InboxDollars and Swagbucks do pay you for tasks like watching videos it is rarely more than a cent or 2 per video and often a fraction of one cent!. 

Who Is MyBitcoinTube For?

It appears that MyBitcoinTube is aimed at video marketers who are seeking an audience for who and what they are marketing and promoting. 

In reality it appears, in my opinion, that the adverts are untargeted and will in effect not convert so well. 

The scam appears to be aimed at the vulenerable and desperate that need extra money and prey on that weakness.

There are two main way in which you can make money with MyBitcoin, which are: 

• 1. You watch Videos on the platform and earns some Bitcoins. 
• 2. You promote MyBitcoinTube by referring other to the platform and earn money based on the money spent by them on the platform (on adverts & upgrading).

Method 1: Watching Videos 

The first method costs you nothing and you earn by watching different YouTube Videos.

It is claimed that you can earn hundreds of dollars in this way - this is simply not mathematically possible nor plausible. 

Running the math..

93,903 members x US$200 per day, equalling a payout of US$18,780,600 daily or US$563.4Million per month. 

There is no way MyBitcoinTube is a US$7Bn+ per year business!. Not even close!. 

The genuine Rewards sites that do pay you for watching YouTube Videos you will be hard pushed to hit the 20 to 30 cent mark. 

Forget about US$200! 

Aint gonna happen bro!. 

Method 2: Promoting MyBitcoinTube

Ya!. 

Recruit others into the scheme (don't do it, folks!).  This way earns you a 10% commission on all money spent by your referrals when they buy video and banner adverts. 

You will earn a 20% commission on the when they upgrade to a paid membership option. 

This makes the only true and real way to make money being by means of recruitment and referrals with the newer recruits spending lining the pockets of the older, existing members. 

And that is the classic definition of a Ponzi Scheme. 

It is free to join, but this free option is not going to yield you much as it is incredibly difficult for you to earn money by watching videos from their free account. 

...and intentionally so!. 

If you go premium and pay US$19.95 every month you get priority access for watching videos. 

Then there are the adpacks, PTC pay to click where you will earn for clicking on adverts.

Hell no!

Not even a sniff of MyBitcoinTube on the Better Business Bureau Database.

Yes I did check!

I always do as a matter of habit and it only takes a second!...And I have been rather pleasantly surprised that on rare occasions the BBB to give out alerts and warnings regarding schemes similar to this one. 

The most common complaint is straight obvious one....Getting scammed. It is hardly surprising this was the biggest complaint!.

These comments are from blog comments on BitMoneyTalk.Com.

To be straight and honest with you there is nothing to like about this rather obvious scheme and scam. 

A lot of people will be losing money here, hard earned money!. Nothing to like about that! Nothing!.

MyBitCoinTube is an evident and obvious scam, a clear cut Ponzi scheme with no product worthy of mentioning in exchange for money spent. 

What I don't like about it is they are not paying people out, resetting accounts to Zero Dollars, upping the minimum payout threshold...you name it they are doing what they can to justify not paying out!. 

No, 

There is no money to be made here, only money to be lost. MyBitcoinTube is a Ponzi Scheme and scam that will shortly collapse. 

A Ponzi Scheme is a very familiar term thrown around with not much thought given to what a Ponzi scheme actually is.

At it's bare bones basics a Ponzi scheme is a money distribution system with little or no products of consequence (such as ad packs!) and the money brought in to their program is used to pay the older investors that got in earlier. 

Mathematically Ponzi Schemes are unsustainable, as eventually recruitment will slow down, fresh money will dry up and the whole program/scheme will collapse in on itself. 

Most people lose money in schemes like this, unless they got in very early, but the fact remains, all Ponzi schemes fail 100% of the time. 

This will happen with MyBitcoinTube.com

This is why there is a referral program and drive to recruit others - to keep perpetuating the scam for as long as possible. 

As long as people keep spending their money on upgrades and adpacks, fresh money keeps coming in to pay existing and older members. 

Yes, 

MyBitcoinTube is a clear cut Ponzi Scheme and therefore meets the perfect description of a scam as members are being fraudulently deceived of their money and suffering a financial loss. 

A scam every day of the week!.

If anyone suggest to you MyBitcoinTube as a serious way of making money run for the hills like Forrest Gump!.

It is a straight and obvious Ponzi Sheme where you will only end up losing your hard earned money!. 

Avoid it and try something better!.

To emulate what I have achieved, real freedom and a passive income stream, click that red button below and watch the video that I have prepared for you. 

Because YOU WANT TO Work For Yourself. The Question Is: Are You Going To TAKE ACTION?!?