SCMF

Over promises, Under delivers! Don't waste $7200 when you can make more money just holding! – Course Overview: Cost: AUD$7,200 Promised returns: 5-25% through automated crypto trading bots Platforms: www.cryptoresults.com.au and www.simonmcfadyen.com Main Issues: Course Delivery - Mostly pre-recorded videos - No teacher interaction in bear markets, only in bull markets - Students must rely on other students for help - Not beginner-friendly - Bots need regular monitoring and stopping and starting, it's not a passive income system - A lot of research needs to be done into each crypto you choose to run your bot on.

Results vs. Marketing - Promised profits in all market conditions aren't realistic and bots lose cnsiderable value in bear markets as the bot buys up the depreciating token. - Many students struggle to make back their course fee. - Requires trading risky cryptocurrencies to chase advertised returns. - many students lost money on delisted tokens from exchanges as you need to run the bots on highly volatile tokens.

Risks - High chance of losing money as these bots lose tremendous value in bear markets. - Bots perform poorly when markets drop which last 3 out of 4 years. - Small bot gains often wiped out by falling crypto prices.

Community Problems - 9 students lost course access after paying AUD$7,200 for giving negative feedback. - Limited help for unhappy customers. - Criticism not welcomed.

Better Alternatives - Simply buying and holding major cryptocurrencies may work better. - Time spent researching bot settings could be better used researching what crypto to buy long-term.

Bottom Line:

Think carefully before investing $7,200 Marketing promises seem overstated No support unless the market is in a bull run High risk of losses Consider simpler crypto investment strategies instead Do thorough research before committing money

Unachievable and False Promises – $4800 USD paid - I was promised the following: 1. A passive income needing NO previous knowledge of crypto. 2. Advertised to produce 5-25% PROFIT per month in any market. 3. I was assured I would replace half of my income within a year using only a couple thousand $$$. 4. Continuous support and guidance from the owners. 5. Twice weekly calls with the owners as indicated in agreement.

What happened: 1. After 6 months I was just below breakeven EXCLUDING the extra fees I paid for the course, Bitsgap,, Trading view, trading fees.

2. I was flung into a community where the members are the ones helping each other gain the knowledge. There was almost no support from the owners and the same questions were asked time and time again.

3. When asking where the profits were, I kept getting told not to worry about the COST of the investment into EACH crypto coin bot, but to be happy with the “bot profit”! Anyone knows that profit is not profit if you don’t include the investment!

4. Was told that any coin with seemingly good % in the indicator, would be fine to use - not knowing anything about the actual coin itself. This resulted in people losing $$$ when coins were suddenly unlisted by the exchanges.

5. I spent an inordinate amount of time truly figuring out the technical aspects of the bot to fully understand the implications of each strategy. 6. Ended up having to do hours and hours of research to look into the tokenomics of each coin before setting up the bots. Definitely not passive!

7. Not one call was available from the owners in the entire 6 months I was there.

8. When asking for a refund, I was removed from the community.

It was overall a very disappointing and very expensive experience and feel completely ripped off. I have not recovered my initial cost of the course. I have since completed other FREE courses from other platforms which are far more informative and professional.

SCAM ALERT – [Name Removed] service is seriously misleading. The advert for the service is shown on YouTube and shows [Name Removed], who explains that he will "show" you how to make an income from trading cryptocurrency. In a nutshell, how it works is you purchase a cryptocurrency and try to profit from it by buying low and selling high in micro transactions. The first issue with this business model is [Name Removed] definition of income, which does not include the value of the asset. The economic definition of income is simply income coming in plus the net value of your assets. For example, say you own a home worth $1,000,000 and it loses value by 50% but the rental income you generate is $2,000 a week. It’s all well and good earning $2,000 a week but you have lost $500,000. [Name Removed] definition of income completely ignores the $500,000 loss. Finally, If the price of your chosen cryptocurrency goes sideways, you dont make any money and if it goes down, you lose money as the value of the coin decreases in value. Simple. [Name Removed] states that you make money in any market condition, which is simply a false statement. These statements are blatant lies. Furthermore, the written agreement, which he wants you to sign tries to stipulate and enforce no-refund policies under "any circumstances" which is a serious breach of consumer law. Anyway, the way this business runs is simply farcical.