Highlights
Pros&Cons
Pros
- None at all
Cons
- Rough and cheap web design
- No security protocols
- It is a scam
Key takeways
- It is the creation of a widespread network of cyber criminals.
- Criminals manipulate the search engine with the help of fake reviews of partners.
- The platform does not have a crypto trading algorithm, so no profit is possible.
Overview
Table of Contents
Bitcoin Cycle Full Review: Another Scam Crypto Trading Bot!
Almost every industry has its pirates, and the crypto industry is no exception. This Bitcoin Cycle review is here to expose another fake trading bot, damaging the reputation of the crypto industry.
The fast growth of the blockchain technology and crypto industry, in the context where people are deeply concerned with the troubled global economy, is a perfect situation for criminals. They make fake platforms, luring people in with honey-tongued lies and promises of big returns. The criminals are presenting themselves as some kind of modern Robin Hoods, bringing the possibility to trade with crypto to virtually everyone.
Unfortunately, in reality, they are nothing but robbers who disappear as soon as they get detected by legal authorities.
If they fall for these lies, people end up empty-handed: they lose both their deposits and sensitive data.
In this review, we are bringing to light another fraud, explaining how it works and why users should stay away from it. But, first, let’s take a look at some of the features and give an overall assessment.
Risks of Trading With Bitcoin Cycle
- Fake crypto trading platform
- No crypto trading algorithm
- A money extortion platform created by a well-known criminal network
- Unethical marketing strategies
- Fake testimonials
- Poor web design
Bitcoin Cycle Trading Bot: Is It Really a Scam?
Allegedly, Bitcoin Cycle is automated trading software, helping people take advantage of trading with cryptocurrencies. However, in reality, Bitcoin Cycle is a highly suspicious platform that can potentially cause significant losses. It’s quite similar to others platforms from a well-known scam network:
The Bitcoin Cycle platform pledges to have an algorithm based on AI technology. The algorithm monitors the crypto market 24/7 and does the trading on the user’s behalf. The program is able to analyse previous data and make future predictions. Thus, it can predict beneficial trades and perform them instantaneously.
Now, what is characteristic of rogue crypto bots is that their lies are too good to be true.
So, for example, Bitcoin Cycle promises that the accuracy of their algorithm’s predictions is 99,4%. However, this is way overestimated. No genuine algorithm can perform that high, simply because the crypto market is still too volatile.
Also, Bitcoin Cycle claims to be fast as well. So, the algorithm is faster than the crypto market by 0.01 seconds.
Besides, the platform is “free” and easy to use. It is possible to make an account and initial deposit in several minutes. Users can make a deposit via credit cards, PayPal, Skrill and other “bank transfer options”.
Bitcoin Cycle also claims to have users in 150 countries worldwide.
Meagre Web Design
However, it is unclear how all this premium functionality and popularity is possible for a bot whose official website has only several landing pages. Above all, none of these pages contains important information valuable to the traders.
For example, the homepage is cluttered with general information about Bitcoin and blockchain: why it is great and why everyone should invest in it. We don’t get anything about the Bitcoin Cycle’s algorithm, available features, etc.
Also, we don’t get much information on the team behind Bitcoin Cycle. In the “About Us” section of their latest website, we read about Bitcoin again. Yet there are no names, professional experience, or education of people who developed the platform.
Security, Licenses, and User Feedback
It is impossible to know what previous users have to say about Bitcoin Cycle. There is no page about it on Trustpilot or other websites relevant for user feedback.
What we have is information that former Bitcoin Cycle websites had a series of fake testimonials. However, it was too easy to see that the photographs of former “users” were free stock images and that the testimonials were fake. That’s probably why this section was removed and doesn’t exist on the website anymore.
Of course, it goes without saying that Bitcoin Cycle has no licences. The situation with online security is even worse. There are absolutely no safety protocols, and some of their websites were blocked by antivirus programs due to malware and phishing.
Finally, it is worth mentioning that the platform claims to have received “many awards”, including one from the US Trading Association. We leave it to our readers to guess whether this is true or not. By the way, similar suspicious reviews have several scam crypto bots we have been warning about:
Fake News and Association With Other Scam Crypto Bots
The Bitcoin Cycle is a creation of a widespread network of cybercriminals and their affiliate marketers. Nobody knows exactly who they are and where they come from. If this was known, they would have been in jail a long time ago.
Until then, they keep deceiving people and taking their money in the most gruesome ways possible.
This is how it works. First, they invent a story that a famous celebrity (like Elon Musk or Richard Branson) used their platform and made a lot of money there. Then, they invest in Facebook and Google ads. This fake news ends up with people who are likely to take the bait. They click on the link in the fake news and are redirected to Bitcoin Cycle sign up page.
Exactly the same fake news marketing strategy is applied by a dozen of other scam crypto bots we have been warning about:
And many other crypto trading bots.
Besides, in the past, these websites shared almost the same, crude and cheap web design. Since it was too obvious to recognise the resemblance, the criminals worked on changing the design a little bit, so it’s not too obvious anymore.
However, this group of culprits still leaves a lot of evidence behind, which we are exposing in this review. We recognize them by the poor web design, the way they lie about their “algorithm” and the way they make fake news.
Fake Positive Reviews
Also, fake positive reviews are another tactic these criminals use to manipulate people to sign up and make a deposit.
Sometimes, it seems impossible that someone would ever fall for a lie as bad as Bitcoin Cycle. However, it happens and it is no wonder. When a person types “Bitcoin Cycle review” on Google, the search engine displays a series of fake positive reviews. After reading five or six positive reviews about a platform, it is logical why people decide to sign up and deposit in after all.
However, what they don’t realize is that the criminals have manipulated the search engine with fake affiliate reviews.
The point of affiliate marketing is to make an honest review about a product or service, and take a small commission for promoting it.
However, there is another way of doing it. Instead of writing an honest review, the affiliate can write all the best about the bot if properly paid. In the case of Bitcoin Cycle and its rogue sister bots, this is exactly what happens.
Therefore, they make a series of fake positive reviews ranking high on Google, and voilà! All people can read about Bitcoin Cycle on the Internet is what these criminals want them to read.
Our Verdict: Bitcoin Cycle Is a FRAUD! Scam Alert!
The con artists behind Bitcoin Cycle are targeting middle-income people, who are attracted to cryptocurrencies because they need a fast way to earn large amounts of money. The scammers present themselves as their saviours, offering a free and highly profitable platform.
All users need to do is deposit $250 and lay back, waiting for the money to drip in. And all that without any knowledge in computing or crypto technology.
Very soon, users discover that there are no profits. They learn that they have lost their deposit and that they fell victims to online criminals. The criminals collect deposits and sell their users’ sensitive data. So, users start receiving calls from unknown numbers, forcing them to deposit even more.
It is a fraud scheme, well-known in crypto circles and exposed in this Bitcoin Cycle review.
However, these con artists aim for inexperienced traders, who fall for their lies and big promises. That is why we highly recommend our readers to stay away from Bitcoin Cycle, and rather invest in a trusted crypto trading bot.
FAQ
Bitcoin Cycle is a platform pretending to be a crypto trading bot. In reality, Bitcoin Cycle is a system to extort money from people believing that they are trading with cryptocurrencies.
Officially yes, there are no service or processing fees. However, a user is likely to lose everything they ever deposit on Bitcoin Cycle, because it is not a genuine platform.
It is impossible to make a profit with Bitcoin Cycle because the platform has no crypto trading algorithm.
Yes. Bitcoin Cycle is one of the dozens of fake platforms, created by an international criminal network.
Reviews
This is a scam. Don’t fall for it. They will never let you withdraw your “earnings”.
I put my phone number in and immediately regretted it. The calls were relentless and I couldn’t opt out. They only stopped after I threatened to report them to the authorities. Be very careful with these people.
I saw the video and was intrigued, but soon realized it was a scam. Martin Lewis supposedly endorsed it, yeah right. Don’t make the same mistake I did, I invested a few hundreds too rashly, could never get any profit whatsoever.
If you’ve seen any positive reviews, you should know they’re all fake. I got burned, lost the deposit, and was unable to contact anyone from the so-called development team. So I’m warning others to stay away, Bitcoin Cycle won’t make you an earning, quite the opposite, it’s evidently just a slimy swindle.
Author
