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Cryptocurrency

Bit Bubble Tech Scam Software Alert – Read This First

Bit Bubble Tech claims to be a trading software that can make you some easy good money. But can you really trust this software? Or is Bit Bubble Tech a scam that you need to avoid?

In this review I’ll be going over a few things that you should know. Disclaimer: I am not promoting this product. This is an independent 3rd party review and I’ll be giving my honest opinion of this software.

Bit Bubble Tech Review

Bit Bubble Tech is a trading software that analyzes market prices of different cryptocurrencies and supposedly allows you to make very high accuracy trades. Along with this there is also educational information provided on the platform.

If you watched the promo video for this then you probably noticed that all the information shown about cryptocurrencies was negative. They showed news clips about people claiming its all a bubble and even showed Warren Buffet saying that cryptocurrencies will come to a bad ending.

But of course this is a good thing for Bit Bubble Tech because of how they say it works.

How They Claim Bit Bubble Tech Works

They say that the software analyzes price action and predicts what will happen next. But the algorithm that this software uses is particularly geared to profit off of bearish trends. A bearish trend is a long drawn out trend of market depreciation where the market is just slowly going down and down in value. You would think this is a bad thing but there are ways to profit if you are a trader in this kind of market, which is what this software claims to do.

Other than that there really isn’t any information given. They don’t tell you how it identifies these trends or anything like that. You are just supposed to believe that it does what it says.

One other thing that I found is that the system doesn’t place trades for you. It analyzes prices and lets you know what good trades are but you actually have to place them. This gives you more control over what happens.

Red Flag – Beware of Brokers

Many of the reviews that I have read about Bit Bubble Tech are promoting it to make money off of those that buy in. Because of this it can be difficult to know what to believe is true or not.

On thing that I have read on several reviews has to do with brokers. They claim that Bit Bubble Tech makes it easy to hook up your broker account to the software to place trades.

The problem here is that you DO NOT need a broker when trading cryptocurrencies. Trading crypto’s is pretty easy to get into. There is no need to go through a broker and I would avoid anything that makes you do this.

It just makes no sense. If this software was legit you should easily be able to hook it up to one of your exchange accounts for trading. Going through unregulated and untrusted brokers is the number 1 way that people get scammed with fake trading softwares.

I can’t imagine the educational section of this Bit Bubble Tech being that good. If it were they would educate people on the fact that you have no need for a broker when trading crypto. I haven’t actually went through the education pieces but I’m not too sure its very good.

Another Red Flag

Something else worth mentioning is that there is no information given about the person or group of people behind this software. Who created Bit Bubble Tech? Can they be trusted? Do they know what they are doing?

These are questions that I would like to see answered but unfortunately we cannot answer them due to lack of information. This is yet another red-flag as far as I see it. Its a very common sign of a scam so this makes me more suspicious that this might not be a legitimate trading software.

Conclusion on Bit Bubble Tech – Good Opportunity or Not?

Personally I’m definitely going to avoid it and I would advise you to do the same. The only reviews I can find for it are from people that are promoting it to make money. I can’t find any real reviews from people who have actually tried it.

Also the fact that it refers you to a broker, which as I said literally makes no sense, is a big problem. For this reason alone I would avoid this software and there are other reasons on top of that.

It is very likely that this could be just another run-of-the-mill crypto trading software scam like Crypto Magnet & Banking on Blockchain. For more information on how to spot a crypto scam you can read this post where I go over 10 ways to spot one.

In the online world there are way more scam programs than legitimate ones so it can be difficult filtering out the scams and finding the right opportunities. One program that I will always recommend if you are looking to make money online is this program. I’ve been a members since 2015 and make a living working online now. This has nothing to do with cryptocurrency but I know many people looking into this are just looking for a way to make money online.

You can read my review of this program Here.

And if you have any comments or questions just leave them in the comment section below ?

"Get Rich Quick", Cryptocurrency, Easy Money Scams

Banking On Blockchain, Scam Trading Software or Great Opportunity? – Real Review

The Banking On Blockchain trading software boasts of insanely high returns and is marketed as a super easy way to make thousands of dollars per day. But is this really true? Or is Banking On Blockchain a scam software that is just going to take your money and run with it?

There are legitimate cryptocurrency trading softwares out there but from what I have seen online the overwhelming majority of the ones being heavily marketed are scams. So you can never really be too sure when it comes to things like this. In fact, some other very similar trading software scams that I reviewed recently include Crypto Magnet & Bitcoin Millionaire Club.

Banking On Blockchain Review

Upon first coming across this software I was very suspicious of it all. Not only am I always suspicious of automated trading bots softwares, but also the fact that the sales video for this made insane income claims that are very characteristic of scams.

I mean seriously… come on now. They claim that you can make $13,000 a day everyday with this software, of course all with just 20 minutes of work. This is insane and I’m not falling for it at all. Right off the bat this place has many of the crypto scam warning signs that I’ve seen before.

Why This Doesn’t Make Sense To Me

Ok, so as I said, there are legitimate trading softwares out there that will trade cryptos and I know that some of them work. But I have never heard of one working as insanely good as this software claims to.

I don’t understand how it can be possible for this to make you $13,000 per day with just a $250 initial investment. This makes no sense. Just think about it. When you first start out that would be a 5,200% profit. That is crazy and I can’t wrap my head around it.

I understand that you with some of the trading bots out there you may be able to get to the $13,000/day profit level eventually. But this would be when your trading balance is around $100,000 or so and you have massive amounts to trade with. When you are trading with just $250 this doesn’t make any sense.

How Does The Software Work?

How can it possibly be making you $5,200% profit? Where is it finding these trades to be able to do this?

I don’t know… maybe I’m just an idiot but I see no plausible way that this software can make the returns that it claims to be able to. It sounds like every other crypto trading software scam out there.

Why Do You Need a Broker? – Red-Flag

This is something else that doesn’t make sense to me and makes me more suspicious that this is nothing more than a big old scam. Why do you need a broker to trade crypo’s?

You should just be able to hook the trading software up to a cryptocurrency exchange. There is no need for a broker and I have no idea why they would refer you to one. I’m very suspicious of this because I have seen countless trading software scams over the years and they always scam you out of your money the same exact way…. they refer you to some unregulated, unknown scam broker that takes your money and you never see it again.

Maybe there is a reason that they refer you to a broker but I don’t understand it. If you are reading this and have the answer as to why this is the case I would appreciate it if you leave a comment below to explain it. But as for now this is another major red-flag that this is nothing more than a scam.

A Look at The Creators Behind Banking On Blockchain

Its always important to take a look behind the scenes to see if the creators of the software are trustworthy and credible.

Yet of course… just as expected… we don’t know anything about the people behind it. They don’t give you any good information to go off of. This could have been created by a known group of scammers, it could have been created by a blockchain genius, it could have even been created by a trained monkey…. We don’t know.

Usually with legitimate programs/softwares it is very easy to find out who is behind it and they provide you with information showing why these people are qualified to create such. Since there is no information like this it just leads me to believe once again that this is nothing more than a scam.

Its Free?

And of course the software is free to use. The creators are just so so kind and are letting everyone make it rich out of the kindness of their hearts.

Being free is another major red-flag in my book.

I don’t know of any legitimate trading softwares that are actually free. You get what you pay for and usually good things cost more money.

Conclusion on Banking On Blockchain – Scam?

Although I have not personally bought Banking On Blockchain and tried it, I can tell you with about 99% certainty that this is a scam. After investing the initial $250 you will likely never see a penny of profits and will be out your money.

Out of all the many online money making programs out there, crypto trading software scams seem to be the most rampant at this point in time. With the massive boom in the crypto industry the scammers behind many of these are riding the new wave of popularity and taking advantage of those that are looking for a piece of the profits.

There are dozens upon dozens of very similar scams out there and you have to be careful what you get into. Most are scams.

You can read my review of this program Here.

And if you have any comments or questions just leave them in the comment section below ?

"Get Rich Quick", Cryptocurrency, Easy Money Scams

Crypto Magnet, Scam That You Need to Avoid! – Read Review

Crypto Magnet claims to be some incredible software that makes people a minimum of $2,750 per day trading cryptocurrencies. But is this really true? Can you really trust what you hear? Or is Crypto Magnet a scam that is going to suck the money out of you and leave you with less than when you started?

If you are suspicious of this software then good for you. This is a pure scam and I’m going to be going over why I think this in my short review here. I hope you haven’t bought into it yet but if you have I would look into getting your money back as soon as possible.

CryptoMagnet Software Review

The Crypto Magnet software supposedly makes trades with 94.2% accuracy and has over 3,000 members making over $2,750 per day. The creator of this software, who goes by the name of Jonathan Adams, supposedly hired a team of the best developers in the world to make this.

He claims that you are 100% guaranteed to make you money and it sounds awesome right? I means this claims to make you fast an easy money. Who wouldn’t want that?

Unfortunately the truth is that this is all a scam as you will soon see.

How Does It Work (Allegedly)

Of course they don’t really go into much detail on how it really works. They just give a brief overview that is pretty vague and present no proof.

The guy tells you that this software is integrated with financial market makers throughout the world and recognizes patterns and trends of leading assets.

He says that it finds “reversal patterns” when a trend is about to end. It identifies patterns from the past and with this can then somewhat predict the future so that it wins 94.2% of trades for you.

The problem here is that this makes no darn sense. He tells you that this has been making millionaires since 2014 and claims that it relies on past price history. He also says that it will be able to make around 29 trades per day that have a 94.2% accuracy rate. I don’t see how it can possibly find this many trades per day if its only trading with the biggest cryptocurrencies. It would have to be relying on very small market fluctuations which are pretty much meaningless.

This really makes no sense to me. I don’t know.. maybe I’m just dumb, but I actually trade crypto’s myself and have been doing so for a while now, and this guy just isn’t getting through to me.

What also doesn’t make sense to me is how he talks about the software being integrated with financial market makers. What the heck does this have to do with cryptocurrencies?

But anyways… forget all about how he tells you how it works because its all a lie. The whole thing is a lie. In fact, this Jonathan Adams guy doesn’t even exist.

The Fake Creator Behind This

One thing that you should know is that this “Jonathan Adams” guy is fictitious. He is not really the CEO of this software. The people behind this software just made him up out of thin air to put a face to this scam.

I found this out by doing a reverse image search on Google. When I looked up his image I found literally hundreds of other websites using the same image. This is because it is just a stock photo that anyone can buy online and use on their site.

Doesn’t Know What He Is Talking About

At one point in the video he talks about Bitcoin, Ethereum, and Litecoin but accidentally calls the latter “Litcoin”, which does not exist. This just goes to prove that this guy has no idea what he is doing.

If he really had created a software like this and has been involved with trading cryptos for years then this mistake would have never happened.

How They Steal Your Money

Ok, so the system is free to use right? Of course. But you are going to have to deposit money to get started with the software so that it can make trades. The minimum investment is $250 and this is what they will steal from you.

And by the way. this also makes no sense at all. What they will do is refer you to a broker that you will deposit your money to online but when it comes to trading cryptocurrencies there is no need for a broker. This is just yet another thing about this all that makes no sense which I go over in my post for 10 signs of a cryptocurrency scam.

Conclusion on Crypto Magnet Software – Scam

This is just your typical cryptocurrency trading software scam. These have been popping up everywhere lately so you really have to be careful. I actually just reviewed a couple other similar scams including Crypto Money Maker & Bitcoin Millionaire Club, which you need to avoid as well.

If something sounds too good to be true then it probably is. This rule of thumb works out more often than you may think. When you hear of a system that can generate you fast cash with little effort, run away. Its more than likely a scam.

You can read my review of this program Here.

And if you have any comments or questions just leave them in the comment section below 🙂

Cryptocurrency

Is HashFlare a Scam? – A Few Things to Know

You may have seen HashFlare being promoted or advertised online and are a bit suspicious of its legitimacy. Is this place the real deal? Is HashFlare a scam? Questions like this need to be answered before you get involved.

I recently came across this place and took a deeper look into things. When I see a bunch of people promoting something it usually leads to me getting a bit suspicious because I wonder if they are actually promoting it because it is a good product or if they are doing so just to make money. Anyways… in this review I’ll be going over what everyone should know about HashFlare before deciding whether or not to buy in.

HashFlare Review

HashFlare is a cloud mining service that allows anyone to participate in the mining of Bitcoin, Ethereum, Dash, and a few other popular cryptocurrencies.

If you are unfamiliar with what mining is just know this: Mining is the process that cryptocurrency networks use to produce more of the cryptocurrency and to process transactions. It keeps the network safe & running, and the miners are rewarded with the particular cryptocurrency for their work.

Normally mining costs a heck of a lot of money to get started in, at least for all the big cryptocurrencies out there. For example, if you want to get started mining bitcoin you are going to have to spend thousands upon thousands of dollars on ASIC mining equipment if you even want a chance of competing with other miners. This is not feasible for most people. Its too expensive.

HashFlare’s cloud mining service allows people to purchase mining contracts where you can get a piece of the action without going out and buying mining equipment on your own.

How It Works

HashFlare has several different mining contracts that you can buy into. They used to have them for different lengths of time but right now all the contracts are for 1 year. Below I took a screenshot of two of the more popular contracts which are for Scrypt Cloud Mining and SHA-256 Cloud Mining (this one is for Bitcoin)…

So basically what you are doing when you buy one of these contracts is paying for a piece of the mining equipment that Hashflare has. You don’t have to go out and buy equipment you just buy a piece of theirs. And depending on how much you buy the amount of cryptocurrency you make from it will vary.

As you can see, for the Script Cloud Mining contract for example, you have to pay a minimum of $7.50 for 1MH/s hashrate. Now you can buy a bunch of these if you want to and the amount you will mine and earn will increase, but that is the minimum.

Getting Paid

You get paid in whatever cryptocurrency you are mining. So if you are mining bitcoin then you get paid in bitcoin. And if you are mining dash then you get paid in dash.

The amount you will earn will vary as the difficulty on the networks varies. The prices for these contracts also changes quite often.

Scam Concerns

Honestly I don’t see this place being a scam. I mean I do see how they could possibly be one but I have no good evidence that suggest that they actually are a scam. However, I’ll go over why other people are calling them a scam and what you should be aware of.

Many people out there are calling Hashflare a ponzi scheme. Basically they are saying that they don’t mine cryptocurrencies at all and that people buying into this are just pouring their money into a ponzi where older investors are getting paid off from the funds of newer investors.

There are heck of a lot of ponzi schemes and scams in the cryptocurrency space and you have to be really careful with places like this In fact I just reviewed Crypto Money Maker and Bitcoin Millionaire Club the other day which are more than likely scams. There are a lot of cloud mining services that really are ponzi’s. Hashflare just doesn’t seem to be one however. I did a bit of research looking into the team behind this project and everything seems ok. I didn’t look into everyone extensively but from brief look this seems to have real people backing it and not just fictitious individuals created for the purpose of a scam.

Conclusion on Hashflare – Good Opportunity or Scam?

Whether or not you consider HashFlare a good opportunity is up to you. Personally I won’t be buying into it for my own personal reasons, but others out there like it. From what I’ve read the payout isn’t all that great when compared to the amount that you invest. Also, I see mining as a dying industry. Bitcoin is insanely hard to mine right now and it is all just getting increasingly difficult, not to mention that cryptocurrencies are getting away from the whole mining thing because it is an extremely wasteful process.

If you are planning on investing in HashFlare I would at least recommend doing your own research. What I’ve provided here should just be the beginning. I don’t personally think this place is a scam but you should continue your research. Also, you might want to take a look Here at my post where I go over 10 common signs of cryptocurrency scams.

Oh and also…. the reason you are seeing so many people promote Hashflare is because they have an affiliate program where you can get paid to get others to buy in. So don’t fall for all the hype that some of these affiliates might tell you.

On a completely different note. If you are looking to make money online it is probably a good idea to not put all your eggs in one basket. I always recommend this program for newbies that are looking to make an online income. It has nothing to do with cryptocurrency or anything but I just thought I’d mention it because I’ve been a members since 2015 and make some good money with it.

If you have any questions or comments on anything at all just leave them in the comment section below…

Cryptocurrency, MLM's

Davor Coin, Scam or Great Money Making Opportunity? – Real Review

If you are looking to invest in Davor Coin then you are going to want to read this first. There are lots of red-flags that make me very suspicious of this opportunity and you really can never be too careful in the world of cryptocurrency, where scams lurk everywhere.

Is Davor Coin a scam? Quite honestly it is looking like it very well could be one. In this review I’ll be going over a few of the concerns that I have and why it could possibly be just another elaborate ponzi scheme.

Davor Coin Review

Ok so the first question that needs answered is what is DavorCoin? And honestly what they tell you it is doesn’t even really make all that much snese.

They claim that DavorCoin was created to be one of the best alternatives to Bitcoin and Ethereum but don’t really say how at all. And besides, bitcoin is very different from ethereum. So how is this going to be a good alternative to both? Well… who knows… they don’t really tell you.

Also I noticed in the “what is DavorCoin” section that they seem to have no clue as to how blockchain technology even works, yet they say that DavorCoin uses blockchain.

They tell you that DavorCoins are stored on your computer drive, smartphone, hardware wallet, etc… but this is not how blockchain technology works. With blockchain technology everything is stored on the decentralized blockchain itself. No coins are stored on an individual computer or hardware wallet like this.

Overall they do a horrible job explaining what DavorCoin is and how it works. It seems to me that these people don’t know what they are talking about.

How You Make Money With DavorCoin

There are 4 ways that they claim you can make money here. You can use their lending platform, you can stake your coins, you can trade, and you can recruit others to invest money in Davor Coin.

What really catches my attention here is the lending platform that they have. “Lending” in the cryptocurrency world has become a major red flag with all the scam lending platforms that have existed, such as the infamous Bitconnect.

Basically what you do here is lend your DavorCoins back to DavorCoin after you buy them. Then they supposedly perform crypto arbitrage and private ICO investing where you will profit up to 48% per month on the amount you lend.

But are they really doing what they say they are doing? Or is this just a sneaky way of sucking the money out of you?

Ponzi Scheme Maybe?

And of course going along with the fact that they don’t seem to know what the heck they are talking about and how they have a suspicious lending platform, they also have a mlm affiliate program.

With this you can earn down to 6 levels beneath you. You will earn when people buy DavorCoin and invest it in the lending program. The people that you personally refer to join are level 1, the people that they refer are level 2, and so on… all the way to level 6.

From what I understand, you will be able to earn 8% on the amount invested from level 1, 4% from level 2, 2% from level 3, and 1% from levels 4 & 5.

If this is a ponzi scheme then you are going to want to stay far far away from it. People who are able to get into ponzi’s early on have a chance of making good money but the reality is that most people do not. Most people fall on the bottom of the pyramid and the overwhelming majority of people involved in these lose money rather than make money.

In the world of crypto there are a lot of likely ponzi schemes similar to this one. Some examples include BTC Global Team & LendConnect, which also has a lending programs like this place.

A Look at The People Behind DavorCoin

This is a joke because they give you no information on who is behind this. The entire “about us” section on the DavorCoin website is only several sentences long and really tells you nothing…

This is a major red flag. If you look at any known legitimate cryptocurrency out there they have plenty of reputable people working on the projects. Of course you could say that Bitcoin was created by an unknown person but if you look at Bitcoin today there are plenty of known and trusted developers working on the project.

As for DavorCoin we know nothing. The people working on this could be complete scammers that have a history of scamming. Who knows.

Conclusion on DavorCoin – Scam or Good Opportunity?

Honestly I think those that are investing in DavorCoin are crazy. There is nothing about this place that makes me want to invest in it. Pretty much the only reason that anyone is investing in it is because of the lending program which claims that you can make up to 48% returns per month. I wouldn’t count on this being true though.

They have no idea what they are talking about when it comes to the technology that they claim this coin has, they don’t give you much information on the suspicious lending program that supposedly can make you tons of money, they don’t give you any information on the people behind this project, and they have a pyramid-like affiliate program where you can get paid from the investments of people down to 6 levels beneath you.

Just about everything with this program points to it being a very likely ponzi scheme. Invest if you want to but know that this is very risky. I for one will not be investing in this. It just has too many crypto scam warning signs for me to trust it.

On a different note, you can check out one of my top picks for making money online here. This program has nothing to do with cryptocurrencies but I find that many people looking into opportunities like Davor Coin are just looking to make money online. I have been a member of this program since 2015 and make very good money with it.

"Get Rich Quick", Cryptocurrency

Is Bitcoin Millionaire Club a Scam? Or Can You Really Make $13,000 Per Day? – Must Read Review

If you are wondering is Bitcoin Millionaire Club a scam then good on you. This system sure sounds like a pure scam and you can never be too sure with all the new cryptocurrency scams that are popping up on pretty much a daily basis. I saw an advertisement for this software recently and after finding out the truth I knew I had to write a review on it.

To make a long store short…. you are NOT going to want to buy into this. It is NOT what it claims to be and you will just end up with less money than when you started. In this review I’ll be exposing this for what it really is…. a scam.

Bitcoin Millionaire Club Review

Bitcoin Millionaire Club is pretty much your typical “get rich quick” cryptocurrency software scam. It claims to be a completely automated, easy, and super fast way for people to make tons of money online. Who wouldn’t want to get involved with this right? I mean it sounds awesome but when something sounds too good to be true then it probably is…. and in this case that saying really fits.

Bitcoin Millionaire Club claims to be some software that some guy named “Steve Banks” created that flips bitcoin ads and can make you over $13,000 in just 24 hours…. Are you kidding me? $13k in just one day? This is really over the top. Just about everything about this software is a scam and I’ll prove it. This place is just filled with warning signs that its a scam.

First I want to go over how this software claims to work though.

How The Software Makes You Money

Well of course…. just as I expected… he tells you nothing about how this is actually going to make money. All he tells you is that it “flips bitcoin ads”. Well what the heck is this supposed to mean?

“Flips bitcoin ads”???? What? I actually trade cryptocurrencies on a daily basis, I am somewhat heavily invested in them, and I also work as an online marketer. So I know a fair amount about making money with cryptocurrencies and just making money online in general but I have no idea what the heck this guy is talking about.

He claims that the software is free but you have to make a $250 minimum investment. This makes it sound like its some sort of trading software but that makes no sense because he claims you are flipping Bitcoin ads.

Honestly I don’t know what to say here. It just makes no sense… period. But it doesn’t really matter. This whole thing is just a massive scam as you will see as I go over all the lies they tell you…

All the Lies They Tell You

Fake Pictures & Fake Everything

At the very start of the Bitcoin Millionaire Club promo video the spokesperson (Steve) tells you that 3 people have seen their lives change by investing in Bitcoin with this Bitcoin Millionaire Club system. He goes on to say that they made over $13,000 in just 24 hours with this system.

He then shows you 3 pictures of people which turn out to be completely fake. The pictures shown are nothing more than stock photos that anyone can buy and use online. I did a reverse Google image search for the one and sure enough found it for sale online as you can see here…

Fake Testimonials

At one point in the video they show you a few testimonials from people claiming that they have made all sorts of money with this system. Unfortunately…. you guessed it …. THESE ARE FAKE TOO!

I knew they were fake as soon as I saw them because I review scams like this all the time. The people in these videos are paid actors from Fiverr that I have seen more than once. Anyone can pay them to fake testimonials like these…

Steve Banks… Is This Guy Even Real?

The man behind this whole thing claims to be “Steve Banks”. He claims to be a software developer that is not a big time investor. He goes on to say that he has even been featured on the front cover of Forbes, the Wall Street Journal and other magazines.

Steve says that 3 years ago he had nothing to do with investing and knew nothing about what he knows today. He says that his old boss had him develop some bitcoin ad flipping software for over a year and this is what eventually made him rich.

But of course this is all made up and Steve is more than likely completely fabricated. I found out that this Steve guy is the same buy from The Bitcoin Code (another bitcoin software scam), only they changed up his last name…. clever…

Conclusion on Bitcoin Millionaire Club – Scam For Sure

I would only recommend this software to people who are looking to get scammed…. No but seriously. This is a scam and I would never recommend anyone buy into this. These scams systems are disgusting and prey upon those desperate to make money online.

If you were about to buy in consider yourself lucky that you read this over. And if you did buy in then I don’t know what to tell you. We all make mistakes. At least now you will be more careful in the future. There are tons of similar scams like this out there so you really have to watch out. CryptoRobo, Crypto Money Maker, etc are all scams. If something sounds too good to be true then its probably a scam.

You can read my review of this program Here.

And if you have any comments or questions just leave them in the comment section below…

Cryptocurrency, Investing

The Altucher Report, Scam or Worth The Money? – Honest Review

So I’ve been seeing ads for “The Altucher Report” all over social media recently and they have finally got my attention. I decided to click on one and take a look into it all to see if its legit. They claim that this report is a hidden gem in the world of cryptocurrency and basically they are luring people in with the hopes and dreams of making it rich in the cryptocurrency space. Many of the ads I’ve seen claim that “the next bitcoin is coming” and that you are going to be able to strike it rich.

But is this all it claims to be? Or is The Altucher Report a scam in one way or another. The many ads are what makes most people suspicious of it all including myself. If you are suspicious yet curious then you are going to want to read this. In this review I’ll be going over what exactly The Altucher Report is, why there are so many somewhat scammy advertisements for it and more.

The Altucher Report Review

With the many probable scams circulating online in the crypto industry, like BitconnectX & LendConnect, you can never be too careful with crypto related products.

The Altucher Report is often very over-hyped from what I have seen online so many people probably are unaware of what it actually is. The Altucher Report is not some system that makes you money in cryptocurrencies, its not some robust program that will teach you all there is to know… what it is, is exactly what it sounds like. Its a report.

The Altucher Report is basically a newsletter. Its a newsletter that you can subscribe for on a yearly basis and that you will receive monthly. Along with this main product, you will also get access to some of Mr Altucher’s books, a 6-video masterclass, and some other things, all of which I’ll go over shortly.

First however I think its important to touch upon who James Altucher is and whether or not you should listen to him.

The Man Behind It All

James Altucher is not afraid to brag all about how great he is and how much he has accomplished. He has worked on Wallstreet for over 20 years, has managed hedge funds, and worked as a private investor for quite some time. He has made a lot of money, no doubt about it, however he isn’t great all the time. One thing that he fails to mention is all the money he lost in the .com boom.

In his earlier days he was involved much more in the actual industry, but nowadays he is involved more in the information industry where he seems to make a ton of money selling his many newsletter type products which include: Altucher’s Crypto Trader, Altucher’s Alliance, Altucher’s Secret Income, Altucher’s Top 1% Advisory, Altucher’s Top 1% Market Cap, and Altucher’s Daily Trade.

From what I have read online there aren’t many people that like this guy to much and respect what he does. Many label him as a slimy con man who is just trying to make a quick buck by providing information that isn’t that great and at sometimes is destructive. I was just going through a bunch of forums and reading comments by random people on different sites and honestly, this is enough to make me stay away. I know there are complaints about everyone and everything but this is an entirely other level. Complaint after complaint after complaint… the public opinion is not good.

What The Altucher Report Provides

As I said, the core of this report is the monthly newsletter. However there a few other things that you get. These include…

1 Year subscription of The Altucher Report (12 total, 1 per month)
Email updates weekly
Email alerts if there is a good time to sell or buy
Book called Cryptocurrencies 101: How to Make a Fortune from Digital Currencies
6 video series on cryptocurrencies

Then along with this there are also bonuses that are offered right now. I’m not sure if these will continue to be offered but here they are…

The 48X Back-Door Way to the Cryptocurrency Market
Make 1,000% from the Seven Biggest Money-Making Trends in America
The Choose Yourself Guide to Wealth
Private access to our members-only website
Free Unadvertised Bonus: You’ll also start receiving FREE daily e-letters. First, Altucher Confidential and The 5 Minute Forecast

The Price

The cost of for a year subscription of The Altucher Report is normally $99 (so they say) but of course they are really nice and are going to give it to you for just $49. Now I didn’t actually buy into this so I’m not sure how the upsells work, but judging from reading about his many others subscription products there is bound to be some very expensive upsells that probably cost around $2k or so.

The upsells are probably for some “secret” newsletter that you can buy on top of the one you just bought.

If anyone has bought into this and knows what the upsells are and how much they cost I would appreciate if you leave a comment below this post.

Something Else Worth Knowing

Choose Yourself Financial (at chooseyourselffinancial.com) is the company that sells this Altucher Report and all of his other newsletters. The parent company of this place is Agora Financial, which I think is worth mentioning because they have a pretty horrible reputation.

If you look up what people are saying about them on sites like the Better Business Bureau you will find all sorts of complaints. The complaints I came across mostly consist of people claiming they have lost lots of money from bad financial advice that was provided and also complaints about misleading and “scammy” marketing techniques used that made people buy into things they really didn’t know they were buying into.

Overall this company needs to get its act together because the view the public has of it is extremely poor and this is something to be aware of.

Conclusion on The Altucher Report – Worth The Money or Not?

As I said, I haven’t actually bought the report. Also I don’t plan on it. It just seems to not be worth it based on reviews I have read about his other similar products. It seems this guy is too much into the business of making money selling this stuff and not as focused on providing quality information that helps people financially. He has way too much going on and I don’t see how he can even keep up with all the different products he is providing information for. Just with this product alone there are a bunch of bonuses he is giving out.

My question is how can he possibly provide all this information himself? He is just one man. My conclusion on this is that his products seem to be quantity over quality and the information provided doesn’t seem to be anything special. I’m not telling you whether or not to buy it, I’m just saying that I’m not buying it.

If you are considering buying into this then I suggest you do some more research first.

Why Are There So Many People Promoting This?

One more thing. You may be wondering well why are there so many people promoting this product if it might not be that good. The answer is simple. Mr Altucher has a small army of affiliates who are making money every time they get someone to buy into this. Plain and simple. Many of them have probably never bought the product themselves.

Anyhow… If you have any comments, questions, or concerns leave them down in the comment section and I’ll get back to you soon 🙂

Cryptocurrency

Is LendConnect a Scam? – Real Review

If you are wondering is LendConnect a scam then you are in the right place. I know there are a lot of people suspicious of this place, as am I. And when I say “real” review I’m saying it because I have nothing to do with this company. I’m not promoting it or hyping it up. I’m just reviewing it for what it is.

The reason this place seems so suspicious is because it has characteristics of a ponzi scheme, which have become very popular in the cryptocurrency world. In this review I’ll be going over how LendConnect works, why it could possibly be a ponzi scheme, some other problems that I have with it and more.

LendConnect Review

LendConnect, as you can imagine from its name, is a lending platform that allows you to earn in several ways with their LCT tokens. There are several different investment packages that I will go over below which is how you would get started with this all.

To sum up how this all works and how you can make money with LendConnect here you go: Basically what you do is buy LCT tokens and you can make money with them in 2 ways: You can either just hold onto them and hope that the price will go up as more people join and invest in LendConnect, or you can “lend” your LCT tokens back to LendConnect and they will use them to trade cryptocurrency with their trading bot which they claim has “made even higher percentages than we could ever imagine”.

If you are familiar with the infamous BitConnect then it is very understandable why you would be concerned that this is nothing more than a scam. For those of you who do not know, Bitconnect is a very similar lending platform that has been under scrutiny since it started a couple years ago. Since then Bitconnect has left its operations in the United States due to not being able to comply with government regulations. Pretty much Bitconnect is a more than likely a ponzi scheme and LendConnect could very much be one too.

“Lending” is one of the ways to spot a cryptocurrency scam because usually these programs are scams.

Investment Packages

They have 4 different investment packages. The minimum that you will need to invest is $100…

Package 1
- $100 – $1,000 investment
- Standard daily interest
- 120 day duration
- Up to 155% per month
Package 2
- $1,001 – $5,000 investment
- 0.10% daily interest
- 100 day duration
- Up to 158.1% per month
Package 3
- $5,001 – $15,000 investment
- 0.20% daily interest
- 80 day duration
- Up to 161.2% per month
Package 4
- $15,001 – $100,000 investment
- 0.30% daily interest
- 60 day duration
- Up to 164.3% per month

Affiliate Program

And of course, just like Bitconnect, they have a mlm style affiliate program that allows you to earn on multiple levels. Now this in of itself does not mean its a ponzi scheme just because it has a pyramid structure where the money flows up to those at the top… however, it does make this even more suspicious to me.

As a member of LendConnect you will be able to earn money from the investment of others. You can earn down to 4 levels below you. The people that you personally recruit to invest in LendConnect you will earn 8% from (level 1), the people that they recruit in you will earn 4% from (level 2), and so on.

This affiliate program is the reason you will see so many people out there promoting this. They are making money from getting people to sign up. Now there is nothing wrong with this…. if its legit. But I’m hesitant to believe it is.

Major Problem I Have With LendConnect

The issue of transparency is always a problem when it comes to online scams. This is expected because of course they are going to hide the fact that they are scams. It would be one crappy scam if they told you the truth right? No one would buy into it.

With LendConnect they are definitely hiding something. Why do I say this? Well because they give no information on the people behind it. You have absolutely no idea if this whole thing was created by an x-scammer or a saint. They don’t tell you anything. This is pretty much always the case when it comes to scams and pretty much never the case when it comes to legitimate opportunities.

Why would they give information on the people running this? If it is as great as they claim these people need to be praised.

Anyways… I have looked into far too many scams to let this just slip by. This is a MAJOR red flag and very concerning.

The Possibility of This Being a Ponzi Scheme

Basically a ponzi scheme is nothing more than a big transfer of money where older investors make money from the investements of newer investors. They provide no real value.

The reason LendConnect looks so much like a ponzi is because they are getting people to buy in and then these people are lending their LCT supply back to LendConnect so that they can trade crypto with their bot… which there is no proof of by the way. On top of that they have the typical pyramid structured affiliate program where you make money multiple levels deep off of recruitment.

In the world of crypto you can never be to careful when it comes to this. There are plenty of crypto ponzi’s that I have reviewed including CryptoGain & BTC Global, which you should watch out for.

Can You Make Money?

Whether its a ponzi scheme or not you will still have the potential to make money. Just look at Bitconnect. There are people that bought into that whole scheme early on and multiplied their money by 100x + depending on how early you got in.

When it comes to ponzi’s, getting in early is the name of the game. The entire system is reliant on new investors coming in. So the later on you get in the less chance you have at making a return.

Will You Make Money?

This is an entirely different question. If this is a ponzi scheme, which I am led to believe it is, then it is bound to collapse. Ponzi’s are guaranteed to collapse once the rate of new investors slows down and they cannot keep up with payments. When this happens the majority of people lose out. Some early investors will make a lot the the overall majority will lose.

Conclusion on LendConnect & Should You Invest?

I’m not going to tell you whether or not you should invest. LendConnect is very shady and I do not trust them at all, however, there is potential to make money here just as there was with Bitconnect in the beginning. So the choice is ultimately up to you. If you are low on money and not willing to take risk then this is not for you. But if you have some money to blow and want to see how this plays out then you could invest if you want.

If you have any questions, comments, or anything to add to this post please leave it below in the comment section 🙂

Cryptocurrency

Is Digitex a Scam Bitcoin Futures Trading Platform? – My Review

Digitex is a new “commission-free” bitcoin futures trading platform that I am very suspicious of. It has a lot of potential to be an elaborate ponzi scheme and in this review I’ll be going over why. If you are wondering is Digitex a scam then you are definitely going to want to hear me out.

There are a lot of people that are promoting this as the greatest thing ever but are doing it just to make money, which I will also go over more about.

Digitex Review

As some of you may know, I’ve been online marketing since 2015 and am very familiar with some of the big players involved in the space. I first came across Digitex after getting an email from a big time online marketer, which I was a bit suspicious of, mainly because the guy I’m talking about (who I won’t mention) has been involved in numerous shady programs/systems over the years that provide little to no value and are set up just to suck money out of people.

After looking more into it I noticed that there are lot of online marketers promoting this program and I’ll be explaining why this is happening soon. First I want to go over what Digitex is and how it all works first though.

What is Digitex and How Does It Work

Digitex is a commission-free cryptocurrency futures trading platform. If you are unfamiliar with what futures trading I’m not going to get into it much, but basically what you need to know is that in this case you are betting on the future price of cryptocurrencies, in particular bitcoin, ethereum, and litecoin.

Digitex’s claim to fame is that it offers “commission-free trading”. That means that you can trade back and forth without any cost right? Well if you were to think that you would be wrong. Instead of charging normal commissions as an exchange normally would, Digitex charges their fees in DGTX tokens, or Digitex tokens. So in order to trade futures on this exchange you will need DGTX tokens.

So while it may be a “commission free” trading platform it is NOT free of fees. These DGTX tokens cost money to buy. They say that they will be releasing a limited amount of tokens each year but I’m not entirely sure how this will all work out.

How Profits Work

Everything will be done in these DGTX tokens which run off the ethereum blockchain. Your profits will be given in these tokens so pretty much everything relies on these tokens holding value.

Something That Is Concerning

So I found out that the reason I am seeing so many online marketers promote this Digitex is because they give out massive referral commissions. They are paying people 30% referral fees, which means that the people promoting it are earning 30% of what you invest in it. So if you buy $100 worth of tokens after clicking on someones link they were promoting they are earning $30 of that during the ICO sale.

Now just because they are offering referral commissions isn’t the part that worries me. What worries me is how high these commissions are. 30% is a heck of a lot to be giving out and I’m a bit suspicious of the whole thing.

On top of this there are also a fair number of others online claiming that this is nothing more than a ponzi scheme designed to take people’s money and reward them with these DGTX tokens which only have value if people continue to use them, which is similar to suspected ponzi’s like BitconnectX & BTC Global Team.

The Man Behind Digitex

Adam Todd is a the creator of Digitex and honestly he does seem like a trustworthy guy to me. I have been reading background information on him and see good things. He has been around for quite some time in the trading industry and even created a software called BetTrader that allows you to trade with Betfair more easily.

I was also reading through information about him on Reddit that seems to be legit.

All the information I see on this guy checks out. He has been around for a while, he has been successful in the industry, he has developed software before (that works), etc.

Conclusion on Digitex – Good Opportunity or Scam?

I’m a bit hung up on the legitimacy of this opportunity. There are things I’m suspicious of that point to this being a scam but then when I look into the guy (and his team) behind it this seems legit. I suppose there will be more information that I can gather in the future but right now there isn’t much for me to go off of.

One thing for sure though is that I really don’t see the value in this “commission-free” trading. Of course they still have to make money to stay in business and they are doing this because you have to buy tokens to be able to trade. So I don’t really see how this helps out traders… I only see this making the creators richer.

If you have an opinion on this place I would love to hear it below in the comment section. You can also ask me any questions you have down there 🙂

Also, if you have time read my post on 10 ways to spot a cryptocurrency scam. It will tell you what to look for and how to identify possible scams.

Cryptocurrency

Is BitconnectX a Scam? – Read Before Investing

With all the controversy surrounding Bitconnect and allegations of it being a massive Ponzi scheme, there is no wonder that BitconnectX is getting a lot of negative opinions thrown at it. There is a lot of talk going around that this is just going to be a scam on top of an existing scam. But is it really? Is BitconnectX a scam? Or could this be a great investment opportunity?

In this review of BitconnectX I’ll be going over what it is, whats different about it from the old Bitconnect, and some concerns that I have with it.

BitconnectX Review

BitconnectX is Bitconnect’s newest cryptocurrency release. Basically the coin is just your pretty typical cryptocurrency. It doesn’t claim to do anything fancy, it doesn’t claim to save the word…. its just a cryptocurrency that is to be used as a symbol of value, just like the almighty Bitcoin.

BitconnectX is a decentralized open-source crytpocurrency that is blockchain based and can be used for peer to peer transactions.

One thing new that BitconnectX brings to the table is that it supports proof of work (POW) along with proof of stake (POS). This means that you will be able to both mine the coin and hold the coin, earning transaction fees and securing the network by doing both.

The regular old BitConnect was based around proof of stake, where there was no mining.

In total there will be a 49 million coin supply, which is a pretty good number in my opinion. Bitcoin, for example, has a 21 million supply cap. So if things go according to plan and BitconnectX is adopted by the masses, then this really could skyrocket in price. But the big question is will it ever see this kind of adoption?

Overall there is still not a lot of information on everything on it. For example, some other things that I found they claim include that BitconnectX will have super fast transaction times and the lowest transaction fees, but they don’t give you any numbers to go off of. They mentioned both of these multiple times on their site yet offered no details about either.

The Core of BitconnectX

So besides BitconnectX supposedly being really fast with low transaction fees, which is what every cryptocurrency wants to be, the BitconnectX itself will be an exchange, which is maybe what the “x” in BitconnectX stands for.

I don’t know what all cryptocurrencies you will be able to exchange here because they really don’t give you much information. Basically all they say is that it will include and exchange of multiple cryptocurrencies. So my guess is that it will include all the big names that are out there but I really can’t imagine it becoming anywhere close to as big as Bittrex, Binance, GDAX, etc.

Some Serious Concerns

There are a lot of concerns that BitconnectX is just an addition to the alleged Bitconnect scam. Many people claim Bitconnect to be a Ponzi scheme and I don’t blame them. This whole operation resembles a ponzi in many ways from its pyramid-like recruitment structure. Even a lot of the bit time earners in Bitconnect aren’t exactly sure what the heck it is and are suspicious that it may be a ponzi… but they are still making money which is why they are still in it.

And now with the cease & desist letters that are being issued by state governments, such as Texas & North Carolina (Texas State Securities Board letter to Bitconnect Here), there is just more uncertainty added to the equation.

What is BitconnectX really? Many people are alleging that it is nothing more than a way to raise more funds to help keep the Bitconnect ponzi afloat. Because like we all know… ponzi’s are guaranteed to collapse in the long run.. and when they do collapse the majority of investors end up losing money rather than making money. They rely off of new investors buying in and when they stop flowing in at a fast enough pace things go downhill fast.

My Final Thoughts On It All

BitconnectX really isn’t bringing anything new to the table overall. I mean its different than Bitconnect but when you compare it to other cryptos out there it is nothing special by any means. At this point its just another cryptocurrency that is hyped with big claims but offers no real proof of some of them being true.

At this point the only real thing that I see going for BitconnectX is that there were a ton of people that made money with the regular Bitconnect… which would entice them along with newcomers to buy in. Other than that I don’t really see why there would be much adoption for this new cryptocurrency.

Anyways… that’s my little rant on it all. I don’t really know if its a scam or not and this is partly because they are not very transparent with what they are doing, which is another area of concern. They don’t really give you much info on anything.

My final piece of advice is to invest if you wish to but do not invest more than you are willing to lose. The entire crypto market is very volatile and and there are lots of likely ponzi’s out there like BTC Global & CryptoGain. If the many allegations are true… and this really is all just a fundraising method to keep the alleged Bitconnect ponzi afloat… then this is going to get bad fast.

Before you leave… what are your thoughts on it all? There is so much that is unknown about Bitconnect and BitconnectX that I would love to hear your thoughts on the whole thing. You can leave them in the comment section below.

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