Bitcoin Storm – Crypto Trading Bot Review by Traders
How to use Bitcoin Storm – full review
Cryptocurrencies are not just digital money, according to many they are the future of global finance. The world of cryptocurrency investing is a new and exciting opportunity for people who want to gain financial independence or earn passive income. But it’s not all that simple.
Some people are perfectly happy to buy a coin and let it sit for years until it grows to x10 or x100. Others are trying to maximize gains by trading and surfing the bull-bear runs. This is fine, smart even, and it’s only natural that traders reach for bots. After all, even the most knowledgeable and skilled trader is limited by human reaction time and the need to sleep or do other things.
A bot, on the other hand, can be instructed to follow a protocol to the letter. The better the trader the better the protocol they can devise.
Some, however, seek to exploit this rising trend and the lack of general public knowledge about the technical details of bots and trading. Through obfuscation, word salads, and overly complicated jargon they try to convince newcomers to buy their product. That’s why we’re taking a look at Bitcoin Storm today.
Google Search Results
To investigate the product completely and fairly we take a broad sweep, starting with a simple Google search.
At the outset, we are met with suspicious clues. The overly official jargon is right there in the title. The domains .live and .app are a bit strange, as is the use of several websites to sell the same product.
Ensuring that only one domain name of reasonable similarity may be registered and visible is simple enough today and the lack of effort towards this is somewhat suspicious. Through Google search and via review sites we can actually find three websites.
The logos are dissimilar enough to stand out, but they do share some similar elements. No reputable company puts forward two or more different logos. A logo is a key element of brand identity. Without a strong, good logo, there can be no brand awareness. Without brand awareness, the business will not grow well.
It goes contrary to any regular business’ interest to do this, but not the scammers, who only stand to gain through the confusion and lack of clarity.
Another key feature of trading bot scams is that they will give mountains of information about the history of Bitcoin and cryptocurrency, but not the actual product they are supposedly selling. There will also be no videos or images showcasing the product and its features.
This is the case here, as all three websites abound with nice stock images of Bitcoin, but not a thing is to be seen of the actual product. Remember, this is a crypto trading software, supposedly.
Bitcoin is in many ways a flagship operation for crypto, but in the past few years, quite a few good alternatives have arisen. Focusing this hard on one crypto coin is a strange decision to say the least.
Then there is the signup form with a mandatory phone number field as well as the disclaimer about sharing your information with third parties. Both of these are non-standard and quite suspicious. Sometimes, crypto broker platforms will offer mobile phone verification, but rarely is it mandatory and sharing your information with any third parties is most certainly non-standard.
So far we have the use of multiple websites and logos, use of generic unrelated imagery, and a suspicious disclaimer about our private information. So far so good.
Here are a few things to unpack. First, what kind of investment allows for a daily profit of $1300 for an average user? What is the average investment then? How is this profit possible if the market is going through a bear phase and the prices of all the coins are dropping?
Next, there is this strange claim about making a million within about just 2 months. Another awfully specific claim with no additional context. It sounds good at first, but there are questions immediately popping into mind. For example, just who these people are, and what was their investment? During which period did they achieve this amazing result and using which coin?
FInally, we can see that these wonderful, life-changing results can be achieved completely free of charge. The creators of Bitcoin Storm are giving away their product for free.
That may sound noble, but the question remains: Just how are they making money here? How are they getting to even net-zero, let alone a profit on this project?
This is a rather convoluted statement, but the more you think about it the more strange it gets. Why the $250? What do they stand to gain from setting the bar at this exact point?
Other brokers set the minimum trade at a few dollars, but that’s per each trade and the lower limit is very low. Why do creators of Bitcoin Storm want us to throw exactly $250 into their platform?
On two of the websites we are being thrown thousands of word of text about history of Bitcoin and crypto. Just take a look at this jumbled mess.
It goes on and on, with no end in sight and not a word about Bitcoin Storm. The following sections are these: What Are Bitcoins? How do Bitcoins work? Should you invest in Bitcoins? What is trading? How is the future of Bitcoin looking?
We are given only one small paragraph about Bitcoin Storm and it clarifies nothing to the user. It only reinforces the claim that through some amazing new tech trade can be automated and profit ensured.
Just below that, a discouraging disclaimer is hidden in a block of text.
Disclaimers about the risks of trading are normal, but the specificity of this one draws attention. Why would exactly 70% of users lose money? Just how much money would they lose? Is it all or just for that day of trading? If this statistic was gathered and not inferred somehow – over what period of time was this trend true?
Finally, one of the websites contains a plugin that features, supposedly, latest trade results.
First of all, just why would anyone want their name coming up publicly like this? This isn’t one or a few success stories willingly provided as part of marketing, this is a live tracker, supposedly.
And just how is “profit” measured here? Is the app tracking when the user bought a certain amount of crypto and comparing the sale price to that to derive a profit? In that case, what if the user bought a coin over several trades and is now selling partially. How on earth could anyone derive an accurate measure of profit in this case?
If the case is that the platform is merely showcasing the increase in value of a wallet, this can be even more problematic as analyzing current price shifts would allow someone to derive a more or less accurate estimate of someone’s wallet worth. This would paint a target on some people’s backs. It gets worse.
They even provide pictures of these supposed people. This would be a scammer’s playground, a dream come true. Of course, none of this is real and no sane person would develop this website or platform with this feature in mind. It’s a huge security risk and would ruin not only people’s lives but the company as well.
By now it’s fairly clear that we are dealing with a very fishy operation here, but let’s take a look at some outside sources to help fill in the picture. So far we haven’t caught wind of the identities of the development team or the CEO. Yet another strange feature for an up-and-coming trading platform fighting for its place.
Looking at a trusted review aggregator such as Trustpilot can be very useful for an average web surfer. The trouble with this is that some people have to have fallen into a trap for the word to spread.
This didn’t seem to happen here, as all the reviews are positive. At least we found about 2 more websites of the same company!
The .biz website, discovered through Trustpilot, is the first one to make any mention of fees.
2% is a fairly high fee compared to every other broker out there. Usually the broker will take a fee from both the buyer and the seller, but here it’s unclear to whom the fee will be applied. Just what is their standard for “profit”? Is it every trade? Even the ones where you lose money? Is it only when you exchange crypto for cash or does it go both ways?
In any case, the reviews are all suspicious as they come from people with only 1 review with highly flattering words, but a very generic description of what the service is like. Then there’s this.
Probably to maintain an illusion of this being a regular service, which can never have exactly 5* perfect reviews, the scammers have lowered the rating slightly. However, they maintained the generic yet highly praising language fit for a full 5* rating.
Finally, taking a look at the contact section, we can see two addresses. Both are in the UK, both are in London, and both are office buildings.
Neither of “15 Stratton St, Mayfair W1J 8LQ London” and “St Magnus House 3 Lower Thames St EC3R 6HA London” show up as locations of this company. We can find no mention of Bitcoin Storm at these addresses.
Our last hope of finding out anything about the identity or whereabouts of the people running this operation lies with the domain registry.
Unsurprisingly, the people behind this used a service that would hide their identity from prying eyes.
FAQ on Bitcoin Storm
What is Bitcoin Storm?
It’s a scam that bears all the typical hallmarks of a crypto trading bot scam.
Is Bitcoin Storm a Scam?
Yes, it is. You don’t have to be a judge or an expert in crypto trading to connect the dots provided in this review in an incriminating way.
How much money can I make with Bitcoin Storm?
You will lose all the money you sink into this.
Is Bitcoin Storm legit?
It is not. It’s a scam. Do not use it.