The Good / There's nothing good about this.
The Bad / The earnings claims are beyond ridiculous, there's no evidence it works, the spokesperson is fake, and it's a scam.
My Recommendation / This method of trading is high risk and usually ends up with costing you money rather than making it, and is not the way to build a sustainable online business. If you're looking for a legitimate way to make money online check out my preferred method.
The Crypto Genius Review
I review a lot of scams on I’ve Tried That, hoping to help you by steering you clear of the systems and programs that will do far more bad than good.
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With all of this experience, I can spot a scam from a mile away.
When I came across The Crypto Genius by Chris Peterson, I almost fainted from the stink of a cryptocurrency scam that wafted up from the website (not literally of course).
As soon as I saw the sales video I knew I had to let you know about this system, because there’s an awful lot of BS here that I don’t want you to fall for.
The Crypto Genius by Chris Peterson
Cryptocurrency scams are all the rage right now, made possible due to the success of cryptocurrencies such as Bitcoin.
The Crypto Genius positions itself to be a system that can help you make $5,900 per day – that’s $2,153,500 per year if you earn $5,900 every day!
This sort of claim is outrageous, even by the standards of most scams out there.
In one way it’s lucky that the sales page and video is so full of red flags that I hope you really don’t consider using this system.
Let me bring your attention to some of them.
As Seen On
Has this program really been seen on the BBC and CNN Money? Not as far as I can tell.
This is a typical tactic of scams, they use legitimate businesses and news outlets to make it seem like they too are legitimate.
Chris Peterson Himself?
The man behind The Crypto Genius is supposedly Chris Peterson, a former oil worker turned multimillionaire.
Why is it then that the photos he uses of himself, including the magazine image, are in fact stock photos or a model?
As well as that he suggests we may know him as the “lazy trader” or the “the most eligible venture capitalist in NYC”, yet not only does he hide behind fake photos, but there’s no trace of a multimillionaire called Chris Peterson who made his fortune with cryptocurrencies.
This is especially odd as he states Netflix wanted to make a documentary about him. How can this happen when to the rest of the world he doesn’t exist?
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Every scam that involves making money with trading, be it FOREX, Binary Options or the newcomer to the stage Cryptocurrencies, involves some sort of “magic” software.
This software is given front stage, yet at the same time very little is spoken about it.
In this case, Chris supposedly spent his savings to have a crack team of developers make a cryptocurrency software that is 0.39 seconds faster than anything else out there.
Allegedly this is because it leverages South Korean fiber optic technology.
This doesn’t even make sense!
They are trying to apply traditional trading terminology to the crypto market. Any one with experience will understand this is total non-sense, but new traders are likely to fall for this.
They just want you to sign up to the system and deposit your $250.
As well as amazing software that beats everything out there because they say so, another common theme with scams is that the software works on autopilot.
Now, this might be the case, after all software is designed to help improve our lives (apparently), but making money with automated software just doesn’t work.
The type of software used will take into account something called signals, which are like trends.
The problem is that Cryptocurrency trading, as done by systems like The Crypto Genius, use an “all or nothing” trading system.
This type of trade was popularized by Binary Options and it works over a very short period of time, normally one minute.
Now, any form of trade over that small amount of time will be highly erratic, and long term trends will have absolutely no use here.
Even software can’t use long term trends when the value of the trade is bouncing up and down across 60 seconds.
Also, the software portrayed in the sales pitch doesn’t even exist. The scammers behind it use white label trading software or even the brokers own software, which means it doesn’t do what it says it will!
Free as in Free Beer
The video states you can get access to this software for free, and in a sense you can, but it’s misleading.
In order to actually use the software (which may have been supplied by the broker), you have to deposit at least $250 into your broker account.
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So I guess technically the software is free, but you are still out a deposit.
As mentioned previously, the sole point of the elaborate story outlined in the sales video is to make you sign up to the broker and deposit some money.
If you do the people behind The Crypto Genius make $250 – 500 + just for you signing up. The broker is betting that you will deposit more money and that you’ll keep doing it until you’re broke.
Evidence of Nothing
There is no real proof provided by The Crypto Genius to confirm that the system works.
All you get are some short screen shares of Chris’ account showing how he adds $250 and then it increases by a few dollars. After a “24 hours later” screen it’s suddenly over $5,900.
This might look like evidence, but it’s not.
Firstly it is so easy to fake this sort of thing, even when it’s being recorded – a pause here and some web development there and you have a seemingly real income increase.
Secondly its Chris’ account, so who’s to say it wasn’t fudged by the creator of the system?
There is literally no impartial, third party evidence that this works.
But… the Testimonials
I’ll just leave this here…
You can buy a fake testimonials for $5-10 bucks and it’s a very common thing for scammers to do.
The Bottom Line
It’s very clear that The Crypto Genius is a scam.
There is nothing on the sales page or in the admin area that confirms, truly confirms, that this software is unique or will make you money.
The reality is that the people behind this scam are merely trying to make you think you can make ridiculous amounts of money so that you make a deposit.
When you hand over your cash, they win because they make a commission. And you lose because there is no magic software!
To sum this all up, you are basically betting on a coin flip. Would you trust someone who says they developed a secret piece of software that can accurately predict heads or tails?
The only genius here is you, because you took the time to research this garbage and saved yourself from losing a few hundred dollars at the very least.