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Bitcoin Boom Review: Is BitcoinBoom a Scam?

Bitcoin Boom Review: Is BitcoinBoom a Scam?

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Bitcoin Boom (thebitcoinboom.com) is an automated trading bot for Crypto currencies. The anonymous developer says that this bot will make you $5000 in pure profits every day. The anonymous person behind this shady website is called Bryden Ford which is not even his real name but a pseudo. One might ask who this man is in real life and whether what he is promoting can make money for the average Crypto currency trader. If you came here because you were looking for a review of the Bitcoin Boom, you are in the right place.

While the truth can be evasive when dealing with an intelligent scam job, this is not the case when things are quite obvious. When discussing something like the Bitcoin Boom software, everyone can see that this is a cloned scam and not something legit as the owner of the site would like us to believe. The truth is that this bot has been recycled several times before and if you watch the pitch video on the homepage, you can clearly see that it was copied from a site called Cryptosystem.cc. So this video does not even belong to Bitcoin Boom at all. This shows that whoever is behind the scheme is lazy and does not want to spend money in order to make money. At one point, it was called the Liberty BTC system.

In the previous versions, the Head of Operations was Kyle Stanford (Alias) and now its Ford. Bitcoin Boom is a classic get-rich-quick scheme designed to appeal to the uneducated or amateur trader who is just starting out and is totally clueless about online trading, Forex, and/or CFDs (contracts for differences). The crooks behind the Bitcoin Boom scam are affiliate marketers who are always on the lookout for cheap ways to attract new visitors to their phony websites. These affiliates networks operate in tandem with rogue offshore Forex and CFD brokers such as WiseBank or Tradovest. In most cases these brokers have a registered business address in Estonia or the Marshall Islands.

And with such a system, the complaint has always been related to the inability of customers to withdraw whatever little is remaining in their accounts since the software is obviously a loser and at some point, most investors will opt to withdraw their money. The broker that is associated with this software has never processed any withdrawal request from traders who use this bot. So in could mean that the crook behind this bot is actually in agreement or partnership with the broker in question. The broker on the other hand does not care about their reputation because they are not regulated in the first place. They are here today and gone tomorrow. Everything is temporary for them.

If you would like to trade Bitcoin and other Crypto currencies, we recommend using reliable trading bots for that kind of job. Those Crypto bots can be found here. 

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Bitcoin Boom review

When you take a look at the sales page, the thing you will notice is that the same design has been used for the previous versions of this product. The only thing that changed was colors and logo. The rest of the features remained constant. And here we have the same website, only it is branded once as Crypto System, and then again as “Liberty System”. Notice the typos and lack of proper grammar. These are all highly indicative of a cheap scam since nobody bothered to check the content of the video. But the really sad part is that despite all of this, the fraudsters keep recycling it because they know people don’t really pay attention to the details and are actually searching for an easy way to make money fast.

They are even making use of stock photos which were copy pasted from the previous versions of the scam. The sales page is also filled with verbatim that makes no sense. These too have been copy pasted from similar dubious trading systems. We attempted to sign up just to see whether this one was different. Unfortunately, when we checked the trading dashboard, we found that it looked exactly the same as the system that is being used by similar scams in this space. So this makes it quite obvious that these guys intend to scam us.

Returns not realistic

The kind of returns that the sales page of Bitcoin boom is promising is not realistic. The sales page claims that we can earn $5000 per day from the trading activities of this software. The question you should ask yourself is why the owner of this website is offering the trading bot for free if you can become a millionaire with this app in a few days. Common logic should save us here because we don’t see how such a profitable system can be opened to the public so that everybody can use it as they wish. By the way, the scam is asking users to deposit $250 and the next question should be whether it is possible to make 5k profit from $250.

The fake testimonials supporting Bitcoin Boom

We also checked and found out that the “live accounts” section is not live at all. In fact, the whole testimonials section is completely fabricated. Its actually quite easy to spot as the images presented don’t do not pass as real people. Ford claims the Bitcoin Boom app will generate profits for you “on auto-pilot 24/7 while you sleep”. There is no real discussion about how the software architecture and what is the logic behind the algorithms. We also don’t see any kind of back testing or genuine results from the broker accounts. This obviously means that it is a scam, no doubt about it!

Our best advice for you

At this point, it should be obvious that we are dealing with a lethal scam. It has been recycled several times and this is evidence that nothing good can come out of such a system. If you want to trade and make money from Bitcoin, you can try these apps instead.

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