If you are a new investor in the cryptocurrency market, you have to take care not to fall into any trap like scams or plain bad investments. Today we are going to review a site called Crypto Inner Circle and, spoiler alert, do not trust this site too much. Know more by reading the review.
What is Crypto Inner Circle?
The Crypto Inner Circle is a site which promises to teach you how to invest in cryptocurrency. The hook of the site is pretty much the same one from all the sites like this one: there is a “secret system” that only the 1% richest people in the world know. This is site is going to share the secret with you. Unfortunately, this is not true.
There is no secret, only hard work, knowing the market and the fact that rich people have better resources than you do, so they can exploit the system more easily. The site tells you about how Bitcoin grew in price recently (which is true) and about how you can win over $10,000 USD a day if you participate in the Crypto Inner Circle.
To try to convince you to join, the site calls you to meet Elon Morris, which worked in banks in the United Kingdom and promises to share secret strategies with you and make you rich. Well, if Morris knew these strategies, he would already be rich and he would not need your money, would he?
The whole site is full of these traps. “There is a secret to be rich and we’ll tell you what it is if you give your money” could basically summarise the whole site.
How Does the Crypto Inner Circle Work?
Basically, you pay a fee to join the so-called circle and then you will be able to get profits from the investments made by the Crypto Inner Circle. By buying the VIP pass, you will be able to us the exclusive algorithm of the company (which is probably not better than all the other trading bots that you can find on the internet).
You pay, join and you get the profits. Will you actually get them, though? That does not seem so likely especially because the Crypto Inner Circle spends so much time trying to convince that you should give your money to it that you just have to think that this company does not have a good plan at all.
Is the Crypto Inner Circle a Scam?
Not necessarily, as far as we know. We are not sure that the company will vanish and steal your money because we did not give any money to it but it does not seem very likely that you will win a lot of money too. So while this company might not necessarily be a scam, it still looks like a very bad investment for you.
The Crypto Inner Circle Verdict
Should you invest in the Crypto Inner Circle? Of course not. This company is very fishy and everything about it does not seem very right. Because of this, it might not be a great idea to use your money in this company. After all, there are many great investments in the market, so why don’t you just pick one of them and use it instead of wasting your money on the Crypto Inner Circle?
The decision is obviously yours, but you are not investing your money very well if you actually give it to this company. Avoid highly risky companies and invest in companies that you can trust instead. Our blog is full of them, so it might be a good idea to look for one instead of the Crypto Inner Circle.