Crypto Mania is a guide by James Renouf that is designed to teach users how to make money by speculating on various crypto currencies.
What does the product offer?
Crypto Mania offers users advice and insight into making money through crypto currencies (the most popular example of these being Bitcoin). It comes in a 17 page PDF document written by James Renouf and looks at various methods of earning the currencies as well as ways of profiting from them.
How does the product work?
At its core Crypto Mania seems to be all about speculative accumulation. James Renouf seems confident that the value of many of the “up and coming” currencies will eventually rise to profitable levels. In particular he is a huge advocate of the crypto currency Dogecoin. This has been in the news recently for being used to raise $25,000 for the Jamaican bobsled team to attend the Sochi Winter Olympics.
What is the initial investment?
At the time of writing Crypto Mania is available for $12.05 although the price is steadily rising as copies are sold. Ultimately the price will probably reach a pre-set limit although there is no saying what this would be at this point. There appears to be no money back guarantee in place with Crypto Mania.
What is the rate of return?
There is no advertised rate of return for Crypto Mania and given the fact that any attempts to make money would likely be based off of long term speculation it is difficult to try and predict the profitability.
Conclusion
Crypto currencies are everywhere right now and James Renouf has rather cleverly attempted to cash in by bringing one of the lesser known examples to the forefront of traders attentions. The problem with his product lies primarily in the fact that Dogecoin, the product he pushes is by its nature a jocular currency. It is designed to be a community currency unlike Bitcoin that was used for legitimate trades. This makes speculation on it becoming valuable very questionable indeed. I mentioned above that Dogecoin has been in the news for raising $25,000 and this is really what the currency was designed for, lots of people coming together to help fund projects and such (not dissimilar to something like Kickstarter, just in a crypto currency form). That isn’t to say that there is no value in his advice, at the time of writing a single Dogecoin is valued at less than a cent and may be worth sinking $100 into but I would not be inclined to expect it to be hugely profitable.
