Crypto Theorem: Legit Real-Time AI Crypto Trading Sentiment Model?
Ever since the launch of Bitcoin and its rise, investors have started to take cryptocurrencies more seriously. Now, with over 1,500+ digital currencies on the market, one can be picky on which coins to invest in. But when it comes to trading and investing, you don't want to put all your eggs in one basket. You need to have a strong portfolio if you want to be able to retire strong. That is why so many investors choose to find a reliable AI system that is basically a plug and go platform for their trading.
Yet, there are so many AI systems on the internet you can pick from. But in order to stay ahead of the game, you need one that will give you an edge. Every investor is looking for that perfect trading tool so they don't have to spend hours in front of their computers. They want a tool that can be set and reliable to do its job of making the trade according to what the investor needs or wants.
Today, there is a new sentiment trading AI system that is brought to you by Crypto Theorem. Crypto Theorem claims that their system offers real-time visualization tools that can tap into and track assets, events, and organizations through social listening which runs on a global scale. Crypto Theorem states that with 2,000 assets, 1,200 event types, and over 5,000 influencers, you can get an edge on the competition and improve your trading. But is this platform all its cracked up to be?
What Is Crypto Theorem?
Crypto Theorem offers no information on their site of who runs or operates the site. They don't provide any names whatsoever as to who created this system. When looking into their social media platforms likes Facebook, Twitter, and YouTube, there is no information on who is behind this company.
If you look into who.is registry of CryptoTheorem.com, you will find that the site has a privacy block which doesn't show who registered the site. You will however find that CryptoTheorem.com was registered on November 7, 2017, updated November 8, 2018 and will expire on November 7, 2019.
This indicates that the owner of the site isn't confident that their site will remain up in the next several years and is hoping that people purchase the system in order for him/her to maintain the domain for the next year.
It is important to understand that if a company isn't completely transparent on who runs the site or created the platform, you should be very wary before handing over any money to them.
Crypto Theorem Product
Crypto Theorem is basically a trading system that allows the investor to pick how they want to trade either by using signals, indicators, or a combination of both. The system claims to be able to track pricing impacts due to its “social listening” which uses AI and NLP methods.
According to the site, you will be able to get real-time updates in various categories including exchanges, cryptocurrencies, ICO tokens, stocks, FX, Altcoins, and commodities. However, the system only supports certain exchanges. These exchanges are Bitstamp, Binance, Bitfinex, Kraken, Cex.io, and Poloniex.
The site doesn't offer any indication of price for the trading platform. However, they do offer a free trial to test drive the system and try it out or “train” it to your liking before you spend any money. Crypto Theorem states that their system is cloud based, which doesn't require any installation. To get started, all you have to do is sign up for a free account and give Crypto Theorem a try.
Crypto Theorem Opportunity
Crypto Theorem does offer an affiliate program. The site states that affiliate can earn up to 30% of a shared revenue. However, it doesn't state how or where this money comes from. It is unclear if the affiliate earns when a person signs up and deposits funds into their trading accounts or if the commission is paid after the trail period for the system is over. All it states is that an affiliate can earn commissions.
Another interesting fact is that commissions are paid out through Bitcoin. But in order to be paid, you have to fill out an extensive form and provide your payment details. It is not clear if a bank account number is involved with this process, however, if no payment information is given, then the affiliate won't be able to get their commissions.
Crypto Theorem Verdict
There are several red flags when looking at Crypto Theorem. First, the lack of information on who owns and operates this site is a big one. If a company isn't completely honest with you, you should run for the hills. Crypto Theorem may offer a free trial for their product which allows you to see how it works, but in order to actually trade, you have to add funds into an account. This could be where you might find funds missing. Since the system is all cloud based, there is no telling if the owner can tap into your account and skim money from your earnings.
Another thing that is alarming about Crypto Theorem is their affiliate program. There is no real data that explains what you are selling to make commissions. Despite the fact that the site claims you can earn an unlimited amount, and that there is no cost or monthly fees to become an affiliate, you still should be cautious. According to the site, you will have to fill out a KYC (Know Your Customer) form.
All in all, Crypto Theorem lures you in with a free trail, but may end up causing you more headaches than you wanted. The best thing you can do is steer clear and find another platform to trade on. One that gives insight on who owns the company and who created the platform.