May 03, · Bitcoin Trader Shark Tank and Elon Musk Fake News Another example of fake news which is now flooding the internet has to do with the Shark Tank cast being used for the same purposes. In this case we see it in a fake health news site which is using cloaking and phishing techniques in order to bait unsuspecting victims. Oct 03, · Bitcoin Trader Fake News Above is an example of a fake advertisement illegally using the name of reputation of Sir Richard Branson. A closer look reveal links which direct viewers to the Bitcoin Trader scam. Aug 04, · Bitcoin Trader is an automatic trading software created by Gary Roberts in that claims to automatically buy bitcoin and sell it for a profit by 4/5.
Fake bitcoin traderBitcoin Trader Reviews | Read Customer Service Reviews of bitmoneylab.de
How much more evidence do you need. Google scam adviser. Stop being gullible losers. They are not worth anything. Instead Www. Stay clear, or you will lose money as I have. This app is just an opportunity for scammers to latch onto you and suck your money away. If you get sucked in thinking your money is making loads on the stockmarket usually though their own platform, see if you can withdraw any of it, before you get in to deep.
Bitcoin trader should be held responsible for allowing this type of scam, why on earth this app is endorsed by people like Bear Grylls Richard Branson and a few others is beyond me. Don't trust them!! There are hundreds of customers scammed by them! Stay away! I registered and created an account via Bitcoin-Trader. My experience is as follows: One you create an account in the web app, it then requires you to open a Contract-for-difference or spreadbetting trading account with one of its nominated platforms.
Then once you start to set up the account and a customer service rep of the platform will phone you to help set thie account up and make the deposit - all very friendly and helpful. The account manager will call many times telling you that the robot Bitcoin-Trader is useless which it is actually and asking you to deposit much much more and also insisting that the only way you can make decent money is to give him total discretionary management to operate the acount on your behalf.
At that point, the Bitcoin-Trader app was disabled on my acount without referal to me. I also did some due dilligence on the trading platform to which I was subscribed via Bitcoin-Trader app. Much play is made on the website about being "EU Licenced" - which is rubbish - there is no such thing.
The only EU legislation on crypto trading is AML anti-money laundering legislation and in particular AML5, passed in , which required individual EU member states to require crypto trading platforms working or selling in their national jurisdiction to have proper "know your customer" processes.
But NONE of this offers ANY security to account holders about the security of their money or the commercial practices of the account managers. It's a window-dressing spoof. The Hong Kong based platform company that Bitcoin-Trader passed me through to, has a shell company registerd in Estonia so that it can claim to be "EU icensed".
Similar goes for their alleged membership of "The Financial Commission" www. Sounds great by its title - but read on And the service is NOT independent because it is paid for - like insurance - by premiums paid by the platforms and if you read the fine print on the platform and in Finacom, you'll be able easily to deduce that it's more about protecting the platforms from claims than giving any assurance at all to the retail customers.
Leaving all the above distateful aspects aside - the app itself doesn't work properly anyway. Plus I'm pretty sure all those endorsing this company are well.. Bittrex, a popular bitcoin exchange site, released a set of guidelines to avoid bitcoin pump-and-dump scams. While "stackin' penny stocks" may sound like an appealing way to earn an extra buck thanks to its glamorization by Jordan Belfort , messing in bitcoin scams is nothing to smirk at.
With the inevitable rise of bitcoin in current and coming years, it is becoming increasingly important to understand and be on the lookout for bitcoin scams that could cost you thousands. As more people become interested in Bitcoin, more people are also likely to try and pull off a scam. There is no one formula to avoiding being scammed , but reading up on the latest bitcoin red flags, keeping information private, and double checking sources before investing in anything are good standard procedures that may help save you from being duped.
Cryptocurrency can be a confusing topic even for the experienced Bitcoin enthusiast, so the more you read up on the world of Bitcoin, the more prepared you can be. After all, knowledge is power. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. I agree to TheMaven's Terms and Policy.
What Is a Bitcoin Scam? Top 7 Bitcoin Scams There have been and undoubtedly will be nearly countless bitcoin scams, but these frauds make the list of the top 7 worst bitcoin scams to date. Malware Scams Malware has long been the hallmark of many online scams. Fake Bitcoin Exchanges - BitKRX Surely one of the easiest ways to scam investors is to pose as an affiliate branch of a respectable and legitimate organization.
Ponzi Scheme - MiningMax "Ponzi bitcoin scam" has got to be the worst combination of words imaginable for financial gurus. Fake Bitcoin Scam - My Big Coin A classic but no less dubious scam involving bitcoin and cryptocurrency is simply, well, fake currency. The famous DJ wrote his support in a caption on Instagram back in Bitcoin Gold Scam - mybtgwallet.
That is exactly what mybtgwallet. Pump and Dump Scam While this type of scam is certainly not relegated to just bitcoin thank you for the education, "The Wolf of Wall Street" , a pump-and-dump scam is especially dangerous in the internet space. How to Avoid Bitcoin Scams With the inevitable rise of bitcoin in current and coming years, it is becoming increasingly important to understand and be on the lookout for bitcoin scams that could cost you thousands.
By Rob Lenihan. By Fatma Khaled. By Joseph Woelfel. By Eric Jhonsa. This guy sums it up perfectly. Unfortunately, some people still fall for empty promises and lies spread by these robot makers. Phil from Auckland has done the smart and common-sense thing: he actually researched and read some reviews BEFORE reaching for the wallet and giving money away.
And speaking of reviews: please be careful what you read or more importantly what you trust because a tool among many others to get more clients for their scam is to pay for positive reviews. Price of Bitcoin is constantly rising… a great way for regular people to invest… great for newbies… and the cherry on top: the brokers behind this robot are going to do everything needed to help you achieve steady results. And what about Bitcoin price constantly rising?
On the same website that posted that stellar review, you will find people in the comments praising the results of Bitcoin Trader:. And pigs fly. The material was quickly taken down by the websites but I believe some people still got duped. Beware of Fake News! Check facts. More recently, fake articles emerged, claiming that Andrew Forrest Chairman of Fortescue Metals Group was somehow involved with Bitcoin trading robots and that he endorsed investments in such apps. Google soon removed the fake add after being alerted to it by The Australian Financial Review but this all goes to show that you should pay extra attention to all cryptocurrency app endorsements that appear to come from major financial figures or well-known personalities.
Last but not least we have pop-ups. The Bitcoin Trader Sucks because it is nothing but hype. There is not a single bit of reliable information on the site, and it directs you to a crappy binary options sales funnel directed at the lowest of the low-class brokers. Is Bitcoin the hottest market in financial trading? Is Bitcoin making people rich every day?