There are numerous schemes trying to cash in on cryptocurrencies and you have probably come across Crypto Coin Sniper by Paul Scott.
Are you wondering if you can really earn as much as they promise in their hyped-up sales video?
Personally, I never trust these schemes that seem too good to be true. However, to give an accurate review I went through the program so you know what to expect.
Summary
Pros: Some very limited information. 60-day guarantee.
Cons: Sales video full of hype and false testimonials. Similar information and better can be found online for free. Upsells.
Owner: Paul Scott, this is probably a false name.
Price: $37
Website: http://cryptocoinsniper.co/
My opinion: Lots of hype and earning promises that will not be met. Very limited information. Not recommended.
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A Few Facts About Cryptocurrencies
Before we get going with the review there are a few facts about cryptocurrencies that you might find interesting and may slow down your desire to invest in these digital coins.
A cryptocurrency is a currency that only exists digitally or virtually. There is no centralized issuing authority which means it should be immune to government interference. It uses cryptography for security.
Cryptocurrencies have been around since 2009 with the mining of the first bitcoin. At this time a bitcoin was worth $0.003. In December of 2017, it hit its all-time high price of $19,783 per bitcoin. A few days later the price was down to $13,800. Since then the price has fallen back to around $6800. This shows the volatility of cryptocurrencies.
According to investing.com, there are now 1900 different cryptocurrencies. These cryptos are reaching into different industries and may be created to serve a specific purpose.
The FTC says consumers lost $532 million to cryptocurrency-related scams in just the first 2 months of 2018. This could mean losses of more than $3 billion dollars by the end of the year!
The volatility and the number of scams mean that you should be very careful before investing in cryptocurrencies. As always, before investing in anything do your own diligence.
What is Crypto Coin Sniper?
Now we know a little about “cryptos” let’s have a closer look at this program.
This is software that can make you money by trading bitcoins and other cryptocurrencies. You only need an internet connection, 20 minutes to set up the software and you can start making money today. At least that’s what they tell you!
It’s a little strange a system that promises to earn you millions sells for only $37!
The person behind the program is allegedly Paul Scott but it’s difficult to find any information about Mr. Scott so this is probably a false name. This is a tactic often used by online scammers.
The software uses complex algorithms to find winning trades, you don’t have to worry about losing trades you make money every time you trade.
This is impossible and is very similar to claims made in binary options scams when they were all the rage a couple of years ago.
As you probably know cryptocurrencies exploded towards the end of last year and many people are anxious to invest in these currencies for fear of missing out. The prices have been going down in the last few months but there is still a lot of interest.
The Sales Video
This is the sort of sales video you often see with low value or online scam programs – lots of hype, a hard-luck story, and false testimonials.
It claims that you can make $3000 today and every day with a system that takes just 20 minutes to set up and then requires a few minutes per day. No experience needed and you can start making this sort of money with just a $50 investment.
The sales video explains you will be trading cryptocurrencies and you will make a winning trade every time, thanks to the signals posted on the Crypto Coin Sniper website. They say they also send an email with the signals but to date, I have received none.
To be honest, I wouldn’t proceed any further after seeing a video like this, it’s just too good to be true but for the purpose of this review I signed up to see what they offer.
Inside the Members Area
The first thing you see in the members area is your dashboard.
You are invited to follow a simple 4 step process to get started.
- Buy Bitcoin. You will use Bitcoin to buy other cryptocurrencies. If you already own bitcoins you can skip this step. Crypto Coin Sniper recommends 4 exchanges and gives the approximate fees they charge.
- Join an exchange. You will trade using the Crypto Coin Sniper signals, so you will have to open a trading account with one of the 3 recommended trading platforms – Bittrex, Binance, or Bitfinex.
- Watch the tutorials. There are 6 tutorial videos that cover the subjects of:
- Buying Bitcoin
- Registering on Bittrex
- Transferring bitcoin from your Coinbase wallet to your Bittrex wallet
- Transferring bitcoin from your Coinbase wallet to your Binance wallet
- Binance signals tutorial which explains how to buy, sell set your stop loss
- Bittrex signals tutorial
- More training videos are apparently planned in the future
- Start trading. You need to follow the Crypto Coin Sniper trading signals
Below the 4 steps are the latest market analysis.
The trading signals
These are presented in a list (see below) with:
- the coin
- the signal date
- the signal price (the price to buy)
- the stop-loss price (the price that you should sell at if the price falls)
- the sell price ( the price you are recommended to sell at if everything goes according to plan)
- the current price
- the signal status (a green thumbs-up if the signal has hit its target, a red thumbs-down if the stop loss has been hit and a yellow thumb sideways meaning it’s still okay to buy)
- the signal type (long, medium 1 – 4 weeks or short 1 -7 days)
- the exchange the signal is for
- notes
The only other tabs in the members area are the FAQ and support.
Will You Make Money with Crypto Coin Sniper?
Based on the signals they have given and the results achieved very recently, they have more winning trades than losing trades. So if you had invested in the last few days you might have made a profit.
The problem with a volatile market, such as cryptocurrencies, is that the next lot of signals may have more losing trades than winning trades which means you may make a loss. There is no certainty and it’s certainly not as they state in their sales video “you will win every time”.
You should only invest money you can afford to lose, I find cryptocurrency trading very similar to gambling. Nothing wrong with a gamble as long as you are aware you might lose all your money!
You can find similar buy and sell signals online for free.
How Much Does Crypto Coin Sniper Cost?
The price of the program is only $37 and there is a 60-day guarantee. Once you have paid you are hit with a couple of upsells which is annoying but very common for programs like this.
The first upsell is for $197 Crypto Coin Sniper Pro Signals. This software aims to make your trades even more profitable. Click to leave or refuse this upsell and you can get a $100 discount.
The Crypto Coin Sniper already promise $3000 per day with the ordinary Sniper software, do you really need any more?
Next up is Crypto-Pro Training at $97. This is a downloadable document that explains the in and outs of Crypto Currencies with a little history, an explanation of the blockchain, setting up your digital wallet, trading and strategies.
Don’t pay for the upsells they won’t help you make any extra money.
Is Crypto Coin Sniper a Scam?
I wouldn’t describe this as a full-blown scam, as they do provide some limited information that you might find useful but the sales video is very misleading.
You can find the same info and more yourself online for nothing. That means you are really only paying for their signals and even these you can find yourself for free. So you don’t need to pay for this info!
You won’t make the sort of money they claim and all your trades won’t be winners. If you have some money you are prepared to lose then you could follow the signals given by Crypto Coin Sniper.
My advice if you want to invest in cryptocurrencies, research online, there are several guides that go into a lot more detail than this program. They tell you how to build a portfolio, how to buy, where to buy, how to store cryptos, and tax information.
Don’t join Crypto Coin Sniper do your own research and save your money.
Don’t Join the Get Rich Quick Schemes
If you want to make money online avoid the get rich quick schemes like this, they are after one thing, your money!
You must accept the fact that making money online takes time and hard work (investing in cryptocurrencies you will need a sum of money you can lose and luck). Once you have the right mindset with the right training it’s possible to build your own online business.
The training platform I recommend is Wealthy Affiliate. There are several reasons I recommend this platform:
- It’s free to get started
- There are no upsells
- The monthly fee of $49 includes all the training and tools you need
- You are taught how to build a website and monetize it with affiliate marketing. Using a blueprint that has been proven to work by many online marketers
- Unlike Crypto Coin Sniper you don’t risk much money, your main investment will be your time
It will cost you nothing to take a look to see if it’s a good fit for you
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If you have any questions about my Crypto Coin Sniper review, please leave a comment below.
