Post
Topic
Board Economics
Re: 60 days review - Algowave trading program
by
t4ndu
on 26/01/2021, 16:05:52 UTC
I have tested Algowave on Binance. After a pretty lady wrote to me on LinkedIn with a promo code and if I would like to test the super Algowave bot system.  I have 0.025 BTC transferred and briefly tested then I have immediately again 0.05 BTC transferred so total 0.075BTc then aht the lady already thanked me . that is, she has received money for that. Now it went off it was in October 2020 in retrospect the best time in the crypto market ever.

I had after 1 week still 0.068 BTC on the account... my DOTs has sold the bot.... he put everything in BTC and LINK... I was skeptical with LINK... but well ha let it run....
a week later - it became less BTC... i wrote to de support and asked what strategy it was? as i saw - no diversification.... I am not a LINK fan, especially LINK was rising in August... and I did not see the further rise. I was of course wondering if ALgowave has any interest in making money for me. I have asked critical question to the support - my account manager has reported... and said I must have patience within 1 month I see a profit.... after one month 0.05 already 1/3 was gone... i looked when like the bot buys and sells - he has always bought alls the asset had already risen sharply. always after the bot has bought... fell the price of the asset. That made me skeptical... at ATH of CHILIZ there has been ALL in in CHILIZ.... 42k bought at ATH.. after that CHZ dropped from 0.03cent to 0.006 cent.... my 0.075BTC was already only 0.024 BTC... so inside 3 months in the best time of cryptos.... ALgowave has managed to make 66% loss. And it is a SCAM they pump with the customer money Coins. which they buy before and dump afterwards the COIN. this runs nonstop so... I found out that there is no AI behind it but it is controlled by MA of ALGOWAVE company. And the goal is to cheat the customers. There is certainly no one who makes profit. Since just the PUMP and DUMP scheme was driven. Now I disconnected the API and wrote a nasty email with threat to report. on Sunday. boom 10 attempted calls from Warsaw.... The support girl wrote whatsapp after that.... she said she will fix it and want to recovern my account.... with 0.023 BTC it should go up again... I then asked how with CHZ... she yes... the will rise... I said already looked at times chart since there is it swings from 0.005 and 0.02 back and forth... why she think that would explode? - after that no more answer.

So conclusion Algowave.... it is clearly fraud - the customer funds are used for PUMP and DUMP. There is no AI but so called customer advisors who control the accounts.  It is clear fraud - you can only lose - Even if I would be completely wrong (which I have too much evidence) it would be the worst system ever - since in the best bull market ALgowave has lost hefty no performance. At the moment I am checking with a lawyer if we can drag Algowave to court. If Binance gives us the data we can prove the fraud. The contact from Algo Support to me was broken off.

My question Anyone similar experiences?