If a trader only shows his winning trades, then they are hiding the truth from you. There is no trader in the world or any magical indicator who can trade with 100% accuracy. If they do not show the losing trades and are 100% transparent, then they are hiding the truth from you. There is another word for this and that is that they are a scammer. Don’t be fooled, we all want to get rich, but a magical indicator is not the answer, and shadow trading someone with no stock market experience who is not transparent is also the wrong thing to do. You will not learn anything about trading, but I guarantee you will lose money and if you believe in it enough you will lose a lot of money.
We know for a fact that CryptoFace loses trades by the bucket load! Just his most recent trades at the beginning of November 2019 he has been posting in his “Whale Crew” have been big losers. He started longing at 9317 saying he doesn’t see it going lower than 9200, then went quiet when the price dipped, came back and said he bought more at 9110, came back and said again to long at 8829 (although most followers had been stopped out). He said he put a stop at 8785, but when the price dipped lower than this he said he was still in his long, so again followers got stopped out. He is still long, saying longs look good yet with the price down at around 8600 this is a huge loss. Sure the price might go up in time, but not before everyone is liquidated. But we don’t see videos showing these trades, why not? Because he is only showing you what he wants you to see. Be very careful, many of his followers have lost a lot of money, yet refuse to admit it, they are stuck in an addiction similar to gambling, don’t get caught in the hype and think leverage trading is a quick way to make money.
Update: This particular trade, he held and longed again on another account at 8777, according to his Market Cipher indicator on the 8hr. Both of his trades got stopped out at 8550 with big losses and now he’s talking of going short! This is only one example and the latest he traded when writing this article, proof it is not the all singing all shining indicator he wants you to believe, you can take a look at all his latest trades to see how he performs. This is of course not an isolated trade, just his latest one.
It’s hard to hear his follower’s loose money and continue to trade. The only way a new trader is going to make money with Bitcoin is to hold for a considerable time, many many months, not hours, days or even weeks. New traders don’t have the liquidity to trade against the whales, no matter how good your indicator is. It takes a very experienced trader to recognize the patterns, learn the traps and spread bet against them. Does this mean we are calling Crypto Face a scammer? Well, we will let you decide, we just present the facts.
Who Is Crypto Face
We went back and forth about showing his picture, in fact when we first created this review we refused, but after receiving countless emails from customers with their horror stories, we thought that this was important and to expose CryptoFace to the full.
So why does CryptoFace hide his face? Well, there is a good reason! Crypto Face’s real name is Jeff Centrella from Arizona and was previously known on YouTube as JeffreyCrypto actively promoting the BitConnect Ponzi scheme. Hence the reason why he assumed a new anonymous identity under the name CryptoFace. He started with the creation of a “donation Bitmex pool” where he raised $150,000 from his viewers who expected him to make a profit and share the rewards with all, but, you guessed it, lost the majority, leaving just $5000. This was a risky venture and the people who invested knew that, so don’t jump to any conclusions, we all make and lose money on the stock market and bitcoin is way more volatile. He was also investing with the Arbitrage Coins bot which was another flop and sports betting which seems to have also gone to the wind! Along with collaboration videos and “consultations” with the well known Crypto personality known as the Oracle, whose real name is Delano, who has many haters and branded as a complete scam artist by many.
Now, as he actively promoted BitConnect as JeffreyCrypto and we all know that was a scam, he needed to hide his face and thus the reason for the ski mask. As CryptoFace he has been trying to ‘turn over a new leaf’, and although his first few ventures were a flop, his latest scheme seems to be getting a lot of attention within the bitcoin community and he certainly has his fans and haters. Whether he is a scammer or an entrepreneur is left for you to decide, we simply present the facts.
Recently, in fact, CryptoFace made over $200K on one single trade. We will be writing a separate review rating his trades, and how well the Market Cipher performed during these trades, showing you the signals and the accuracy of his calls, good and bad. So keep an eye out for that.
His Market Cipher indicator, what he claims, to be his own ‘special, secret sauce code’, which you can read more about in our Market Cipher Review. But was actually first seen on sale here: http://www.fxcoaching.com/WaveTrend/ way back in 2011, which they sold for $177. A few other coders got their hands on it and made it more pleasing with waves and additional indicators, then Jeff got hold of it and saw the $$$ signs! He added a few extra free indicators and started to sell it, claiming that it was his, with his own special code!!
If you want to get Market Cipher A and B for free, check out our Get Market Cipher Page. We are not ripping new traders off, we are giving it to you for nothing, as it was free for us and it should be free to everyone!
How Good Is Crypto Face at Trading?
You may be asking how well does Crypto Face trade with the Market Cipher indicator? If he’s truly has a bitcoin and trading indicator that always tells you when to trade, then surely he’s amongst the top traders in the Crypto world. Well, we take a look at his true trading performance to see if he trades as well as he says.
One way to gauge his success is to actually test him, but how do we set this up! Luckily for us, he’s not shy on promoting himself and his market cipher indicator. Recently this month (August) he compiled a team of his best traders to compete in the Bybit competition, claiming he was going to beat all the Chinese thanks to Market Cipher and his expert trading. He pumped the competition a few times within his own streams prior to the launch.
We can’t think of a better platform to see how he himself and his “top team” perform against some of the best traders!
As of writing this review we have just 2 hours until the completion of the competition that has been running from 14 Aug 04:00 PM UTC – 21 Aug 12:00 PM UTC on a Crypto coin called EOS/USD, but nevertheless, let’s see how they are doing!
The Team Results
The CrytoFace team, which has 19 participating members, currently lie in 37th position, with the profitability of 0.73%. With the top 10 leaders all performing over 13%. Not a great result for the Crypto Face Cult team!
Crypto Face Result
Now as the leader of the team and the inventor of Market Cipher you would think that he would be leading his team as far as performance is concerned. Well, let’s take a look at how he personally performed in this competition.
That’s right, he came in second but last out of his team in 18th place with a loss of 40.8%. That is not too good, is it?! We’re not going to write anything bad about Crypto Face’s trading method, just show you the results of his latest competition, so you can judge for yourself.
My only caution to new traders is, if the actual inventor of Market Cipher cannot profit from it over a week of trading, be very careful with your money, especially if you leverage trade.
Update, the competition has now finished and here are his results:
Yes, he came 19th out of 19 in his team and lost pretty much everything! Wow! Doesn’t look like his indicator served him well in this competition. He obviously just gambled, and if he had won would be on a hard marketing campaigne to sell Market Cipher.
We looked for all his leading participants within the Discord Channel within Market Cipher group, and could not find any posts. We cannot therefore verify if all his team members were actually using Market Cipher to trade. The top 3 members within his team performed pretty averagely with the best performing 5.36%.
Crypto Face on the other hand, who we know uses Market Cipher performed badly, with a loss of over 42%.
We also have to note that this competion is not complete, but you can use the following links to see how they are performing yourself:
Bybit team competition results: https://www.bybit.com/all-teams?id=67
Crypto Faces Team Performance: https://www.bybit.com/team-detail?id=67
We hope you found this article useful, if you have anything to add or tell us then either add your comment below or contact us. You can also read ourfull review of the Market Cipher indicator, along with alternatives on our homepage.