Trusting Automatic Trading Bots Should Not Happen Automatically
When you visit a website like cryptotrader.org, you expect to find strategies that are marketed correctly. While this holds true, as far as I can tell, the question becomes, how true should the developers of the automated trading bots be? One would hope that they would be totally and 100% honest about their bots, but this is not always the case. With a flourish of words and very delicate semantics, some developers have been totally true, while at the same time misleading their customers.
The Blade Runner Strategy on Cryptotrader
Blade Runner Review
When you look through the strategies that appear on cryptotrader, you will find that almost all of them have a very low to non-existent popularity rating. All except BladeRunner. Blade runner was developed and is maintained by a developer who goes by the name of Thanasis. To rent the Blade runner strategy, it will cost you 0.012 Bitcoins, which is worth $51.75 at the time of this writing. The description is very detailed and in depth, providing a ton of information to the potential customer. All of it true based upon testing. The only problem is that when you look deeper into the cryptotrader community forums, you will see repeated issues and problems people are having with the strategy. In most instances, these complaints or troubles go ignored, and when the developer does make a comment it is only to offer the excuses that the user has set the bot incorrectly or that one of the exchanges is to blame.
Even after repeated complaints that the bot does not win, sells out shares for way less than it should have and the bot showing a 100%-win figure, yet the user has a lower balance than when they started; the strategy still continues to thrive and worse yet, it is still given the popularity rating of 100%. This alone would be enough to make most websites at least look into and then comment on the situation, but there has been no word from cryptotrader at all. To make matters worse, there was a recent article that pointed out details of exactly how the bot is able to report 100% wins and still have users in the red. Unfortunately, that post has since vanished off of cryptotrader without a trace. This has to make you wonder what is really going on.
To specifically point out the flaws in the Blade Runner bot that are being misrepresented, without the properly documented evidence would be irresponsible, so that is not what this article aims to do. Rather, it aims to warn users to be extra careful when dealing with a bot like this and offer some possibilities only, of what it could actually be doing. Then, from there, it is up to you, the reader to look into, investigate and then decide for yourself whether or not there is any malintent involved.
For instance, let us take an example and say that the bot places a trade, which is filled for 500 XRP. The bot then immediately places a sell order for 500 XRP at a 3.5% profit. Until the price of XRP reaches this level, the Bladerunner bot holds the XRP. If XRP falls, the bot continues to hold, and hold, and hold.
However, since technically, you now have 500 XRP, compared to the 0 XRP you began with, you are showing it as a win. On the other side, you spent Bitcoin to get the XRP, but unless Bitcoin is falling with XRP, it will still show as a win there too because the value of your Bitcoin is still greater than the value of the 500 XRP since XRP falls while Bitcoin rises.
While technically, the developer is not lying at all in his detailed explanation and instructions, he is still being untruthful. The bot is NOT 100%; ever. Not even close. Yet, the Bot still gets the placement, support and popularity ratings that it does. Posts that point things like this out, get removed from the cryptotrader forum. It is a lot of circumstantial evidence, and again, that is all it is; circumstantial. Maybe it is all innocent, and the unanswered complaints have just not been addressed due to time constraints keeping the developer busy for the past couple of months, and maybe one of the largest exchanges in the world truly does not know how to execute its orders and is the reason for the bot selling shares cheap. I guess it is possible. Of course, it is also possible that this is exactly as it appears to be, which all of the circumstantial evidence points to: skimming, or scalping. Find out more info on cryptocurrency trading, here.
While one can only hope for the best of outcomes, the reality is that more often than not, when things occur that appear to be shady, that is just what they are. It is very rare, possibly non-existent, that there has ever been a situation which appeared to be shady and then turned out to be an innocent misunderstanding. However, I believe in giving everyone the benefit of the doubt until they prove otherwise.
Again, and I cannot stress this enough, it is up to you, the reader, to investigate and make the decision yourself on whether or not to use and trust the Blade Runner strategy. This article is only a tool that aims to provide you with as much knowledge as possible in order to protect your assets and financial livelihood. It also serves as a sort of notice. A notice to all who would try and scam or otherwise mislead people, that here at CoinStaker, it will be questions openly and publicly. It also needs to be stated, that we have already reviewed CryptoTrader and the strategy ‘Johnny Got His Gun’ – which yield good results. We will try to find a strategy besides bladerunner, that shows prospective backtesting!
Building a better digital currency community does not happen when there is a cloud of doubt hanging about. The only way that this community will ever break through the stigmas that have been tagged to it are to rise above the shadiness, the scams and the attempts to defraud. It starts and ends with us, the people who love the digital currencies we so aim to promote. It starts here and it starts now.
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