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Published on March 30th, 2020 | by Sara Kane

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Bitcoin Victory: Are We Dealing with another Shady Scheme?

Bitcoin victory is one of the many online sites that claim to deal in bitcoin trading. They allegedly make hundreds of dollars in profit for their investors on a daily basis. However, there are many indications that this site may not be as rosy as it seems.

Bitcoin victory is absolutely free, so you should expect to make money without paying a single cent. This often puzzles legitimate investors, as no site would provide such services for free.

Besides this, there are many other faults that can be found on the Bitcoin Victory website, which may help you decide for yourself whether it is worth risking your hard-earned money or not.

Bitcoin victory is basically an online site that had been created recently to capitalize on the reputation that bitcoin has gained in the crypto markets. Although they are working as a financial service provider, they have not provided any registration details. By investing in this site, you are basically dealing with an unregulated company. It is also illegal to deal with such sites in many countries.

If you want to gain more information about them directly, you will be left in the dark as the only way to contact them is through a form on their website. Besides this, they provide no physical address, phone number or even email addresses.  This is highly dubious for a company that claims to deal with such advanced software. The only proof that this company actually exists is the website: https://bitcoins-victory.com/ and the only way through which you can contact them is via a web-form: https://bitcoins-victory.com/contact.

Bitcoin Victory Review

Bitcoin victory is basically a trading site with an automated software performing allegedly accurate market analysis that deals in bitcoin and various other cryptocurrencies. They claim to be able to win most trades, which means that you would be guaranteed to earn consistent profits every single day. Besides, the software or trading robot that they are providing is actually free, so you won’t have to a pay a cent for access to the site. However, after you create a free account, you’ll notice that the actual investment is $250. Only once you deposit this, then you can begin trading. The strangest part is that you do not have to do a single thing and simply wait for your profits. However, you will not have any details of the broker with whom the site deposited your investment, so you are leaving it up to them to claim any profits.

Although many people have little knowledge about how trading robots work, an experienced investor will tell you that they are not as effective as advertised. Bitcoin victory claims that their trading robot can win 99% of trades. This means that you are guaranteed a profit in every trade. Unfortunately, this seems highly suspicious, as no legitimate site can promise such high returns consistently.

Strategy

Although the trading strategy of Bitcoin victory seems very clear, it is actually quite suspicious. Firstly, they claim to have a trading robot that can win most trades. However, even such a robot will have to be programmed with a specific algorithm that does not change. This may make profits in certain scenarios, but is guaranteed a certain loss percentage as well. They do not mention this on their site.

Secondly, you are paying nothing to use advanced software, which is against any logical business model. It is still unclear as to how exactly Bitcoin victory expects to make profits. Besides, even the most advanced traders cannot achieve daily profits as high as advertised on this site, even though they use a more concrete strategy than Bitcoin Victory. Although they mention that the robot will win most trades, they do not mention how this is possible in a changing cryptocurrency market.

Analysis

  • Company: Bitcoin Victory
  • Product: Trading robot.
  • Minimum investment: $250
  • Trading strategy: Automated trading
  • Trading results: Unverified
  • Customer Feedback: Negative

Before you make any decision about this company, you may want to compare it with a few others that are operating along similar lines, such as: QProfit System, DAX RobotGreen MillionsBitcoin Circuit and Hodium.

Trading Results

Unfortunately, Bitcoin Victory has made many promises that they cannot back up with eal trading results. Even though it may seem fancy to inexperienced investors, a good investor will always look atr the trading results before investing in the company. Bitcoin victory makes claims based on certain customer testimonials, but none of these can be verified. Besides, many of the testimonials were proven to be fake.

Client Feedback

Although the website displays a few very positive customer testimonials, they seem very generic and hardly genuine. Most customers, on third party sites, claim that the site deposits their investment with an unknown broker and then claims that they made losses which cannot be recovered. However, you can recall that the site claims to win 99% of trades.

Conclusion

Bitcoin victory might at first appear attractive to a novice investor, but it raises a lot of red flags if you look around for relevant details. Not only have they not provided any contact information, but the trading results also cannot be verified and they have displayed vague testimonials to promote their site.

If you have had an experience with Bitcoin Victory, do share with us in the comments section below.

Bitcoin Victory

$250 (minimum investment)

3.2

Price


7.0/10

Strategy


3.0/10

Trading Results


2.0/10

Client Feedback


2.0/10

Customer Support


2.0/10

Pros

  • No charges for creating an account (free to register)
  • High profitability promised
  • Automated trading software for market trend analysis

Cons

  • No authentication or proof for the promised trading results
  • Lack of strategic information and relevant details
  • Insufficient contact details, no physical address or email has been mentioned


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Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

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