Friday 11 April 2014

A Conclusion has arrived... Way too late.

Hi there again, everyone! This may probably be my last report on the "progress" of the BTC Robot. Without further ado:
As you can already tell, this is simply ridiculous. Why? Despite the fact that the trading mode has been switched from Aggressive to Medium Risk, this is did not hamper the speed of the continued loss.

Observe the BTC-E chart that was accompanied with the portfolio. Do note, these two charts are provided together on the same screen, and despite a possible performance on the price for Bitcoin between the 11th and 12th of April, 2014, BTC Robot continues to haphazardly squander my money!

Therefore, it is with immediate effect that I cease the experimentation immediately, and denounce this product of its so-called "battle-tested" trading algorithm. You have seen it work, but not in a favourable way. Rather, it is reckless and without any proper thought or process. At its most basic and fundamental, it aims to buy high and sell low, something that goes against all basics of trading.

Despite the supposedly 24-48 hours of response time, it is about 72 hours and there has been no response from the support team. I can only conclude, from their lack of response, and my experience and evidence collected and analysed through this period, that this product is a farce.

I now humble stand before you, reader, and implore you to avoid this product, its team, and whichever new products that they might offer in the future. Avoid it like the plague. I have suffered so that you won't have to.

Please share this blog with anyone and everyone, to enlighten and warn them of the potential dangers this will bring.

Here is a summary of the entire duration:

Experiment started on 31st March 2014.
Initial Investment Portfolio Value: USD$370.00

Experiment ended on 12th April 2014 (13 days)
Final Investment Portfolio Value: USD$138.81

Within 13 days, only an approximate 37.5% of my initial investment remains.

Once again, avoid this product and its creator at all cost. Despite their supposed claims, they are nothing more than fabrications of lies and deceit.

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