The online world has been flooded with many new products and programs, all claiming to offer insight into cryptocurrencies. The idea sounds amazing, especially with the massive high that Bitcoin hit toward the end of 2017. Yet, this type of product rarely ever pans out.
There is plenty to learn in the cryptocurrency field, this much is true. The right information might even increase your odds of success. From that perspective, Coin Code Club could be legitimate. The marketing tells a different story. So, what of it? Is the site a waste of time, or does it have something valuable to offer?
Indications Of A Scam
For the most part, online scams stand out if you know what to look to for. It’s easy to get caught up in the claims and the hype. Yet, when you step back and take a look at the site objectively, the problems are easy to see.
In this case, the first one is the income claims. Not only are these over-the-top, they’re also completely unrealistic. The site apparently gives you the chance to earn more than $1,000 per day – without any cost to you.
There is no way that’s possible. If such a thing were viable, the developer wouldn’t build a website to sell the method on. He’d keep it to himself. Telling people is risky, as it increases the odds that the strategy or loophole being used will stop working.
The sales page claims that the site exists because he is being generous. Sure. Because that’s believable. It’s also the same claim that plenty of other online marketing sites make.
If he is being generous, why charge at all? There’s only one reason you sell a product – to make money. That’s exactly what is going on here. George (or whatever his real name is) simply uses the cryptocurrency angle to make the opportunity sound amazing. He then earns $17 (plus upsells) from people who fall for the claims.
Speaking of being misleading, didn’t the initial marketing say that users didn’t need to spend a dime? You have to spend at least $17 to get the product. There will be plenty of upsells too, which could easily cost you $100, if not more.
Here’s another issue:
There is no private invitation. The screenshot comes from the website for Coin Code Club. I found the site through a simple Google search. The ability to join isn’t limited to just a few lucky members either. It will be available for as long as possible. After all, ‘George’ is making money from those sales.
The site also uses a typical sob story to sell viewers on the idea. The author talks about being in a dead-end job, then being made redundant, his girlfriend leaving him, getting tricked by online scams and then finally, magically, finding a solution that turned his life around. I’ve heard a similar story on many other sites.
When people actually find success online, it doesn’t look like that. The process is slower and is the result of planning and hard work. You’re never going to discover the secret to fast and easy income online. There is no secret.
One other perspective is the whole approach of looking back. The sales page consistently talks about how people made a ton of money with cryptocurrency, particularly Bitcoin.
This is entirely true, but past success doesn’t dictate the future. Many factors contributed to the skyrocketing popularity of Bitcoin, including the newness of the concept and how exciting it seemed. There is a completely different set of factors at play now, including the fact that there are many different cryptocurrencies available.
People have also seen the way that Bitcoin rose dramatically and then fell. This may make them more hesitant to get involved with cryptocurrencies. If nothing else, the history of Bitcoin will influence behavior in some ways, which completely changes the playing field.
Even if another cryptocurrency follows the same route as Bitcoin, it will be impossible to predict which one. With so many to choose from, the odds of finding a winner aren’t in your favor.
The Actual Information
Most Clickbank products are similar to each other. They rely on these heavily hyped up sales pages, with plenty of promises about the product and how much money you can earn. The underlying product is considerably less impressive. You normally get basic training on the topic and no amazing secrets. You could find the same details in plenty of other places, often at a lower price.
That’s exactly what happens here. Coin Code Club provides general information on cryptocurrency and how you can (potentially) earn.
The emphasis is on Initial Coin Offerings, or ICOs for short. These are sometimes provided when cryptocurrencies first hit the market, as a way to develop interest and traction. The coins are often free, making that concept accurate.
You can sometimes get free coins in other ways too, such as sites that pay Bitcoin for tasks. In those cases, the amount that you’re getting is too small to be of any use.
The theory is that you get these coins and then hold on to them, waiting for the market value to explode. The idea seems great. Anyone who did that with Bitcoin would be rich by now.
Reality is a completely different story. There are hundreds of cryptocurrencies out there, with more being created all the time. Most of them never get anywhere. None of them show the same progression as Bitcoin, nor are they likely to. Bitcoin was a game changer anyway and it has received so much free marketing and media attention over time.
Even if you get a large number of coins without paying anything for them, most will never earn you money. You’re wasting your time along the way too. It’s not going to be fast or easy to find and acquire ICOs, not to mention keeping track of their progress.
You might take some of the information and apply it to purchasing coins instead. The odds might be better here, but not by much. There are still a large number of cryptocurrencies to choose from. Unless you know the industry really well, it would be difficult to make profitable decisions. Even you’re experienced with cryptocurrency, chance plays a large role in your success.
Making Money With Cryptocurrency
The progression of Bitcoin makes cryptocurrency sound amazing. The potential is there, that’s true.
The field is a little like investing in stocks. You don’t really know which companies are going to succeed and which ones are going to fail. With stocks, you can do background research, which provides some insight into the market. Results aren’t guaranteed. That’s why stocks involve risk. The risk tends to be higher when the rewards are higher.
You’ll normally have less information when working with cryptocurrency. This reduces your odds of success even further.
Cryptocurrency might be something to look into if you’re interested in the concept or enjoy markets – but don’t consider it a money-making technique. There is far too much risk involved. As with similar approaches, you should never invest more than you can afford to lose.
If you’re going to invest in cryptocurrency, it’s important to understand the risk first and to consider what your limits are. I also recommend that you look for better training. Coin Code Club might provide some relevant information, but the excessive hype doesn’t make the site very trustworthy.
Look for someone who knows what they’re talking about and has a reputation in the industry. Udemy courses are also a good area to consider. Members are able to leave reviews on courses, so it’s easy to see which ones are worth the time. The site also provides information about what you’ll be learning. That’s much better than an overhyped sales letter.
In the same vein, avoid hype. The best education will be honest about the odds of success.
Cryptocurrency is an exciting idea and there is money to be made. Even so, there aren’t any amazing secrets that will guarantee large amounts of income. There is also considerable risk involved, as there are so many unpredictable elements. ICOs might sound like a way to avoid some of those issues, but you just end up wasting time instead of money.
There really is nothing worth considering here. If you want to get involved in cryptocurrencies, by all means, do so. Just makes sure you research carefully and understand what you’re getting into.
Products like this are obvious scams. They claim that making money online is quick, easy, and you just need to pay the fee to learn the secret.
In my 8 years making money online, that's never been true. To make money online, no matter the method, you have to work hard, and work consistently for at least 2-3 months before you start seeing results
You can learn how I make money reviewing produts I like via affiliate marketing. I started out as a newbie just like you, and now I work from home writing about stuff like computer software, beer, and backyard grilling. Start your free training here, and you can even ask me questions as you go through the training!