Okay, so regulars to this site will know that I like to dabble in the stock market – I’m not a fly-by-night day trader…I’m an investor.
What does this mean?
Well I invest in popular stocks and I hold until they move into profit – I don’t like losing.
So, when opportunities like CryptoLux come about, I’m always chomping at the bit to find out what they are about – to see if they can aid traders in the market.
Unfortunately, many newbie traders fail to realise that the ‘quick profit’ routes are always in the most volatile markets…and the most volatile of all the available markets are the cryptocurrency markets…
What is CryptoLux?
Okay, the opportunity started up at some point near the end of 2017 (not sure the exact date!) and was put together by a dude named Robert Alexander, and a co-founder named Julien Petra. They claim to have over 35 years of experience in the banking industry…
Personally – I don’t really see what the banking industry can do for your trading techniques, but hey, what do I know!
Anyway, this Alexander dude apparently hails from a poor family, had to eat worms and work down the mines – you know the typical shit sob story.
CryptoLux claim that they are the best cryptocurrency trading platform in the industry thanks to their 45% yield monthly returns.
How do they manage this?
Well they’ve got one of those awesome trading bots that is going to change the world…
The Bot Angle
Okay, let’s get this out of the way sooner rather than later…
Trading bots don’t work – they never can work.
Well each market is a constantly changing environment, governed by the ‘big boys’ and world affairs in general. Bots are programmed to react to market situations, or setups, but they have no idea about what is going on in the world – they don’t read the bloody news!
There a NO BOTS OUT THERE THAT CAN CONSISTENTLY TURN IN A PROFIT.
Let’s Take The Pyramid Route…
So the opportunity is based on a bot that trades cryptocurrencies for you – lets not dwell on that crap.
As I touched on in the last section – this type of trading will not make you any sort of profit in the long run. So how are you going to make real money out of this platform?
Why build a pyramid of course!
Yep, it seems to me that the only way you can make real money out of this bunch is by dragging in new recruits. Sound familiar?
You receive 8% commissions on level 1 of your referrals and that drops down to 0.3% on level 10. Now, the level 10 is only available to something termed as ‘Diamond members’.
Do you really want me to trawl my way through yet another over-complicated pyramid compensation plan?
Good – because I wasn’t going to anyway (I have better things to do with my time!).
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A Few Worrying Pointers…
I’ve been doing this for several years now, and in that time I’ve learned how to spot a dodgy opportunity through certain red flags…
Well, first off the bat is the fact that you need to sign up for CryptoLux with your phone number – something I would NEVER advise anyone to do online. This will open the door for their marketing company to continually bombard you with offers…or they will simply sell your number onto a market research company.
I visited a few trading forums, and discovered that a large majority of newbie members to CryptoLux have lost everything invested within a matter of weeks – what happened to earning up to 45% profit?
What happens to these poor souls when they complain about their lack of success?
Their accounts are shut down without warning.
I also noticed that there is no evidence ANYWHERE online of users that have actually turned a profit with this bot – not even on the CryptoLux website itself!
Is CryptoLux a Scam?
I know all aspects of trading and I have been successful at it for several years now – I know a turd when I see one!
Unfortunately CryptoLux is nothing more than a re-vamped version of numerous other ‘forex bots’ that have come before it…and none of them worked either!
It’s one of those opportunities that will suddenly disappear once they have made enough money…if you have invested at this point – look out.
I’m afraid I really can’t recommend this opportunity to anyone.