Crypto Cash System is yet another site trying to take advantage of recent interest in Bitcoin and cryptocurrency. The marketing claims that you can earn more than $50,000 from an investment of just $50. It’s an exciting idea, albeit one that sounds far too good to be true (the $50,725.50 claim is also oddly specific).
So, with this review, we’re going to dive into the Crypto Cash System – to look at what it has to offer and whether it is a viable way to earn some extra money.
What Crypto Cash System Claims
The basic idea is that, in the last year or so, ordinary people have made a large amount of money by investing in Bitcoin and other cryptocurrencies. That’s not an unreasonable claim either, as there has been a spike of interest in cryptocurrency.
For some people, this would have significantly increased the value of the currency that they held. If they sold at the right time then yes, they would have earned a significant return on their investment. A similar thing is true for people who purchase stocks of companies that later become extremely popular.
Crypto Cash System claims to have a sure-fire way to use cryptocurrencies to your advantage and to earn by investing in them.
But, that’s also where the problem lies. Crypto Cash System doesn’t really talk about how the system works. The video suggests that there are three key components.
The first is to join, which gives you access to the member’s area, details about the system and the like. The next step is that someone will apparently send you some Bitcoin. If they’re sending you “free Bitcoin”, chances are this is just asking you to sign up to Coinbase, because you get free Bitcoin (about $10 worth) when you sign up.. Finally, you follow the instructions included in the member’s area (which includes buying some other tools), to increase your Bitcoin over time.
Sounds great – in theory. It’s just not likely to work in practice. You still have to buy, trade, and risk your money to earn.
The Problem With Crypto Cash System
If Crypto Cash System provided genuine advice about trading cryptocurrency, then it might be a product worth considering. The field can certainly seem confusing and overwhelming, particularly for beginners. The right advice could also be the difference between making money and losing it.
For one thing, the apparent owner (Brian Daniels) has barely any presence in the cryptocurrency space. The only thing he’s associated with is a very similar program called Crypto Blueprint. Oddly enough, Crypto Blueprint even uses very similar promotional graphs and claims.
That’s it though. Brian Daniels doesn’t seem to write about cryptocurrency and I haven’t seen any social media posts from him about cryptocurrency either. There’s even a good chance that the name is simply made up and someone else entirely is behind the site.
In either case, whoever owns the site clearly isn’t a well-known expert in the cryptocurrency field. That begs the question, what makes his advice so valuable? Honestly, not much.
There is nothing in the promotional video to suggest that Brian Daniels actually has some type of unique insight into the field. Instead, he just comes across as someone who is trying to get on the cryptocurrency wave and make some money while there is still interest.
It’s also worth mentioning that I haven’t seen any positive testimonials of the system out there. Most people reviewing it view the system as a scam, which isn’t surprising. If the product did provide useful advice, there would be some people talking about it online. But, as it stands, it’s clear that no one is making money from the advice provided.
The Cryptocurrency Market
Another issue is that the cryptocurrency market isn’t nearly as good as Crypto Cash System likes to imply. The narrator is right, there was a spike in interest recently, one that made some people rich. But, that upward trend isn’t still happening and interest is rapidly dropping off. People we calling Bitcoin going to $30,000 by July 2018, (when it was $20k in Dec), but now it’s at around $6,000. Anyone that bought those predictions would have chopped their money by 60% at least!
It’s not clear what this means in the long-term. Interest might surge again. Or, some of the other cryptocurrencies might become more popular as a consequence.
Regardless, the trend clearly shows two things. First, it illustrates that the potential in Bitcoin isn’t nearly as amazing as Crypto Cash System claims. There’s going to be some ups and downs to the globalization of Bitcoin.
The other thing is that this shows just how unpredictable cryptocurrency is. The main way to make money is to buy low and sell high. But, doing this effectively is tough, as you don’t know which way the market is going to swing.
For example, the people who purchased in 2015 or 2016 would have made a huge amount of profit if they’d sold when Bitcoin hit its peak. However, they had no way to know precisely when that was. If they held onto the Bitcoin for too long, then their profit would decrease dramatically.
That’s the thing. Anyone can look at historical graphs and say that people should have purchased Bitcoin when the price was low and sold when it peaked. But, it takes an expert to give advice on whether people should buy or sell at a particular time.
Even then, that advice wouldn’t be a sure thing. Any type of trading involves risk and markets are always unpredictable. A good investment strategy can help, but you might still lose everything that you put in.
Cryptocurrency is particularly problematic in this area. As the Crypto Cash System video itself points out, there are more than 1,500 different cryptocurrencies right now. Some of those will probably find a measure of success. Others will fade into obscurity. Working out which one (or ones) to invest in is a mammoth task and there are so many unknowns.
Besides, as I mentioned before, there’s nothing to suggest that the owner of the site is an expert anyway. His advice simply isn’t likely to be valuable.
Consider it this way, if you’re going to do some DIY work around the home that involves a little plumbing – would you ask advice from the guy down the road who is a bit of a know-it-all. Or, would you go look for an actual plumber?
Most of us would go for the plumber and the same is true here. If you want to pay for high-quality cryptocurrency trading advice, look for something by an expert in the field. You could even look out for blog posts and focus on free information. There are also eBooks and courses on Udemey, along with countless other places for reliable information.
Regardless, there’s little benefit in paying for advice from an online salesman who doesn’t seem to realize that past market performance doesn’t necessarily predict the future.
Crypto Cash Systems kind of lives up to its claims, in that it will provide you with some education. Nevertheless, it is still a scam. There is no way that the education will help you make money in the field, especially as Brian Daniels is only associated with this type of product. He doesn’t appear to have any experience of his own in cryptocurrency. Crypto experts that make their calls publicly are proven wrong all the time, so putting your money into a “secret” crypto system is beyond risky – it’s just dumb.
Personally, I would always recommend viewing any type of trading as an experiment, not an income stream. Even experts don’t have guaranteed returns and may lose in some markets while gaining in others. I’d also suggest starting small with cryptocurrencies. Many of the current cryptocurrencies will fizzle out over time and you don’t want all your capital tied up in investments that may never see fruit.