Bitcoin Victory Are We Dealing with another Shady Scheme

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Bitcoin Victory: Are We Dealing with another Shady Scheme?

Bitcoin victory is one of the many online sites that claim to deal in bitcoin trading. They allegedly make hundreds of dollars in profit for their investors on a daily basis. However, there are many indications that this site may not be as rosy as it seems.

Bitcoin victory is absolutely free, so you should expect to make money without paying a single cent. This often puzzles legitimate investors, as no site would provide such services for free.

Besides this, there are many other faults that can be found on the Bitcoin Victory website, which may help you decide for yourself whether it is worth risking your hard-earned money or not.

Bitcoin victory is basically an online site that had been created recently to capitalize on the reputation that bitcoin has gained in the crypto markets. Although they are working as a financial service provider, they have not provided any registration details. By investing in this site, you are basically dealing with an unregulated company. It is also illegal to deal with such sites in many countries.

If you want to gain more information about them directly, you will be left in the dark as the only way to contact them is through a form on their website. Besides this, they provide no physical address, phone number or even email addresses. This is highly dubious for a company that claims to deal with such advanced software. The only proof that this company actually exists is the website: https://bitcoins-victory.com/ and the only way through which you can contact them is via a web-form: https://bitcoins-victory.com/contact.

Bitcoin Victory Review

Bitcoin victory is basically a trading site with an automated software performing allegedly accurate market analysis that deals in bitcoin and various other cryptocurrencies. They claim to be able to win most trades, which means that you would be guaranteed to earn consistent profits every single day. Besides, the software or trading robot that they are providing is actually free, so you won’t have to a pay a cent for access to the site. However, after you create a free account, you’ll notice that the actual investment is $250. Only once you deposit this, then you can begin trading. The strangest part is that you do not have to do a single thing and simply wait for your profits. However, you will not have any details of the broker with whom the site deposited your investment, so you are leaving it up to them to claim any profits.

Although many people have little knowledge about how trading robots work, an experienced investor will tell you that they are not as effective as advertised. Bitcoin victory claims that their trading robot can win 99% of trades. This means that you are guaranteed a profit in every trade. Unfortunately, this seems highly suspicious, as no legitimate site can promise such high returns consistently.

Strategy

Although the trading strategy of Bitcoin victory seems very clear, it is actually quite suspicious. Firstly, they claim to have a trading robot that can win most trades. However, even such a robot will have to be programmed with a specific algorithm that does not change. This may make profits in certain scenarios, but is guaranteed a certain loss percentage as well. They do not mention this on their site.

Secondly, you are paying nothing to use advanced software, which is against any logical business model. It is still unclear as to how exactly Bitcoin victory expects to make profits. Besides, even the most advanced traders cannot achieve daily profits as high as advertised on this site, even though they use a more concrete strategy than Bitcoin Victory. Although they mention that the robot will win most trades, they do not mention how this is possible in a changing cryptocurrency market.

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Analysis

  • Company: Bitcoin Victory
  • Product: Trading robot.
  • Minimum investment: $250
  • Trading strategy: Automated trading
  • Trading results: Unverified
  • Customer Feedback: Negative

Before you make any decision about this company, you may want to compare it with a few others that are operating along similar lines, such as: QProfit System, DAX Robot, Green Millions, Bitcoin Circuit and Hodium.

Trading Results

Unfortunately, Bitcoin Victory has made many promises that they cannot back up with eal trading results. Even though it may seem fancy to inexperienced investors, a good investor will always look atr the trading results before investing in the company. Bitcoin victory makes claims based on certain customer testimonials, but none of these can be verified. Besides, many of the testimonials were proven to be fake.

Client Feedback

Although the website displays a few very positive customer testimonials, they seem very generic and hardly genuine. Most customers, on third party sites, claim that the site deposits their investment with an unknown broker and then claims that they made losses which cannot be recovered. However, you can recall that the site claims to win 99% of trades.

Conclusion

Bitcoin victory might at first appear attractive to a novice investor, but it raises a lot of red flags if you look around for relevant details. Not only have they not provided any contact information, but the trading results also cannot be verified and they have displayed vague testimonials to promote their site.

If you have had an experience with Bitcoin Victory, do share with us in the comments section below.

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Bitcoin Victory

Robot Name: Bitcoin Victory
Founded: 2020
Type: Robot
Price: *Free
Return: N/A
Trading: Bitcoin
Demo Account: No
Minimum Deposit: Up to Broker

Bitcoin Victory Review

“People are getting rich from Bitcoin. You could be the next millionaire!” That’s how the Bitcoin Victory scammers are trying to get your money and believe it or not, some people fall for this kind of stuff. Today I’m gonna show you why you should give this app a hard pass and go on with your day. It’s a carbon copy of another well-known scam dubbed Bitcoin Compass (which we’ve reviewed before) and a cheap attempt to dupe people in search for a quick and easy buck.

What Is Bitcoin Victory And Why You Shouldn’t Use It

Ok, where do I begin… the sales video: same as the one on Bitcoin Compass’ website, it is showing a few well-known personalities like John McAfee and Bill Gates talking about Bitcoin and how great it is. This overly used tactic is present on almost all crypto trading robots and it has become a tell-tale sign of a scam.

Seems like all scammers are trying to convince you that their software is profitable by showing how good Bitcoin is, yet I fail to see any connection between the two because the accuracy of trading software is not tied in any way to the asset it trades. That asset (coin, stock, whatever) could perform great or very badly and the trading system/app should be able to decide whether to go long (buy) or short (sell), so even if Bitcoin would go straight down, a good app would be able to make a profit. However, that’s not the case here because Bitcoin Victory is not a good app. It’s not even a bad app, it’s a scam!

The bread and butter of this scam is the marketing. In fact, I cannot even call it marketing, it’s just constant drilling into the reader’s brain that he/she will be a millionaire.

Add to that some fake testimonials, fake Bloomberg and Forbes logos and fancy words like top technology, precision performance, guaranteed, trusted app and the scam is complete. Almost… because the end goal is to get you to sign up with “the best broker”, of course. Otherwise, they can’t get paid, which takes us to the meat of the matter:

How Does Bitcoin Victory Scam Work?

The software itself is the same as 90% of all other trading robots and to put it bluntly, it’s cr4p. It doesn’t work, it doesn’t have high accuracy and it is not going to make you a millionaire. If you believe otherwise, you are delusional and you are about to be duped by these scammers. The whole purpose of having an app marketed as “magic” is to get you to deposit $250 with the broker they are affiliated with. Once you register and deposit, they will get a cut of your money and the software will blow your account. In some cases the software doesn’t even trade Bitcoin or other cryptos, depending on the broker they direct you to.

And speaking of brokers, Bitcoin Victory (which by the way is one of the stupidest names I’ve heard recently) will get you signed up with Royal CFDs, which is an unregulated and definitely shady broker. It’s possible that you’ll be directed to another broker (just as “good”), depending on your location.

Chances are that by the time you read this review, Royal CFDs is already out of business, and the same goes for Bitcoin Victory app. In fact, not “out of business”, just rebranded. Earlier I told you that Bitcoin Victory is a clone of Bitcoin Compass, which in turn is a clone of another scam, which is a clone of another and the series goes on and on.

The reason for all these clones and name changes is that nowadays people catch on pretty fast and realize they are dealing with a scam and stop giving them money. I’d like to think that our constant warnings about crypto scams and auto-trading robots have a role to play in that. Either way, when the flow of new clients starts to thin out, the scammers don’t want all their work to go to waste so they just change the name and a few colors on the site and they start selling a “brand new” robot.

Bottom Line: Old Story, Old Scam. Stay Away!

Sometimes I feel like I am reviewing the same thing (read “scam”) over and over again and in a way, that’s what I am doing because not only they use the same blueprint but also many of them are the same thing with just a different color scheme. This app doesn’t work, it doesn’t have the accuracy it claims and more importantly, it will NOT make you any money. Your deposit will be obliterated in the blink of an eye and the scammers will move on, rebranding to Bitcoin *insert stupid name here* and the whole story will start all over again. Steer clear!

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