As the popularity of Bitcoin and other cryptocurrencies rises, more and more trading solutions and assisting software are being released. Unfortunately, the vast majority of these “solutions” don’t work, and many of them are outright scams. CryptoLogic Bot is one of these new cryptocurrency trading solutions, and an initial analysis suggests that it is among the many software products that you should blacklist right away.
This software claims to be a bot that can help you trade cryptocurrency more successfully. However, his has no clear proof or discernable origin, and there is nothing to show that anything claimed on the website is actually genuine. After reviewing hundreds of systems, there is a clear pattern that systems like this one are not genuine and are almost always a scam. If you are interested in this software, our suggestion is to reconsider.
Genuine Success Isn’t Instant
It’s easy to get pulled in when you find a system or product that claims to provide immediate success online with little to no effort, but there is a reason these systems aren’t being used by literally everyone out there: they simply aren’t genuine.
Instead of taking a huge risk with suspicious software, it is much better to do your research and find something that is proven and approved by industry leaders.
What Is the CryptoLogic Bot?
There is no information available as to the nature of how the CryptoLogic Bot is designed or who created it. There is also no information listed regarding which trade brokers the system can integrate with. This is a big red flag, and it puts your investment at risk.
CryptoLogic Bot does not offer anything new or tangible. It makes the same outlandish offers and unreasonable promises as many other similar scams, which is the claim that it can use an advanced algorithm to predict the best trades to make based on popular indicators.
Why Shouldn’t I Trust It?
There are a number of tactics that are used by scam products which can act as immediately red flags in the cryptocurrency trading world. One such tactic used by CryoptoLogic is false scarcity, which creates a sense of urgency to sign up by claiming that there are only so many free demos to go around.
This feeling of urgency is used to cause you to make a snap decision without taking the time to research the product. As soon as you do get the demo, you will immediately be contacted by the system’s brokers pressuring you to deposit funds.
Impractical Promises & False Reviews
Two other major red flags that you should look out for are over-the-top, unrealistic promises and fake reviews or testimonials. This platform’s website has both. There are many positive claims and reviews found here, but some quick research quickly shows that the actual community reviews are overwhelmingly negative.
CryptoLogic Bot Conclusion
If you choose to sign up for this software, be aware that it is almost certainly a scam and the risk you are taking is very high. There is no guarantee that you will be allowed to use the demo without investing first, and there is even less chance that you will make a profit using this bot.