A Bitcoin gifting scheme promising easy returns is actually an old-school pyramid scam wrapped in cryptocurrency, according to evidence gathered on the operation known as Raging Bitcoin.
The man behind it all is Robert Reel, who registered the ragingbitcoin.com domain on May 19th, 2017. His LinkedIn profile lists him as "Robb Reel" and shows he operates from Texas, though his official registration address is in Indiana. Before pushing Raging Bitcoin, Reel spent last year promoting United Games Marketing, another venture that launched with fanfare but fizzled—traffic to its website declined steadily throughout 2017.
Raging Bitcoin operates with brutal simplicity: there are no actual products or services for members to sell. Affiliates can only recruit other affiliates into the scheme itself. The company uses what's called a unilevel compensation structure, meaning each recruit sits directly under the person who brought them in, with subsequent recruits stacking beneath them in endless levels.
Here's how the money flows. New members gift 0.01 Bitcoin into the system. That payment gets split among six upline affiliates: the first receives 25%, the second gets 20%, and affiliates three through five each take 15%. Once a member makes that initial gift, they're positioned to collect payments when people below them in their unilevel team do the same thing.
When new recruits gift their 0.01 Bitcoin, the structure mirrors the payout pattern. Level 1 recruits (those you personally brought in) earn 0.0025 BTC. Level 2 recruits generate 0.002 BTC. Levels 3 through 5 each produce 0.0015 BTC per recruit. Nothing comes from level 6 onward.
This is an ancient con dressed up in modern clothing. It's structurally identical to the "pyramid letters" that circulated for decades—you gift money, claim a position in line, then collect payments from people who enter the queue after you. The only difference is that Raging Bitcoin personalizes the queue through individual unilevel teams rather than using a company-wide list like the old mailing schemes did.
The math reveals the trap. That 25%, 20%, and 15% paid to the top three levels only adds to 90% of each new member's entry fee. The missing 10% suggests the house always takes a cut, or the numbers simply don't work for the majority of recruits who can't build deep downlines fast enough.
Raging Bitcoin requires no investigation into who's buying what. No products mean no retail revenue stream. New money from recruits is the only income. Mathematically, this collapses the moment recruitment slows, which is inevitable. The early joiners get paid. Everyone else funds their paychecks. It's a transfer of wealth dressed up as a Bitcoin opportunity, and the man operating it from Texas knows exactly what he's built.
🤖 Quick Answer
# Raging Bitcoin Review Q&A Block
What is Raging Bitcoin and how does it operate?
Raging Bitcoin is a cryptocurrency-based gifting scheme registered in 2017 that operates as a pyramid structure without legitimate products or services. Members generate income exclusively through recruiting new affiliates rather than selling tangible goods, characterizing it as a classic multi-level marketing fraud adapted to digital currency platforms.
Who is responsible for Raging Bitcoin's operations?
Robert Reel, also known as Robb Reel, registered and operates Raging Bitcoin from Texas despite maintaining an official registration address in Indiana. Prior to this venture, Reel promoted United Games Marketing, a failed enterprise that experienced consistent website traffic decline throughout 2017.
What distinguishes Raging Bitcoin as a pyramid scheme?
Unlike legitimate network marketing, Raging Bitcoin lacks actual products or services for sale. Revenue generation depends
🔗 Related Articles
- Brandon Frye cops $600,000 DIS default judgment
- Review of Vemma’s revised compensation plan
- FTC: Boreyko might have mislead Bank of America
- Zeek Receiver confirms new checks part of final distribution
- 7Gain Review: $20 tri-monthly subscription fees