Bitcoin Loophole Review
What is Bitcoin Loophole?
Well firstly the name is rather odd. A loophole is a gap in the law, usually created and used by the rich in order to avoid paying taxes and obeying laws. Do as I say, not as I do in other words. So in what way is it a loophole?
Let's have a look at the video:
At no point in this video do they describe what Bitcoin Loophole is, who owns it, where it operates from or what it does. It is simply a few different people talking about Bitcoin out of context to make it sound like you can still make a fortune investing in Bitcoin, but you can't. The boat for making money on Bitcoin sailed a long time ago. Whatever this product is, it is shrouded in mystery and deceit, and is very unlikely to be regulated by anyone. The app that they show on the phone in the video is the CoinBase app and has nothing to do with Bitcoin Loophole. Where does all of this tie in with investment in cryptocurrency as the promises made below seem to be suggesting that you receive US Dollars, not cryptocurrency.
If it isn't Bitcoin Trading, Then What is it?
So this is not investing in Bitcoin, it is some sort of advert promising software that makes money automatically. This software supposedly makes you $13k per day, every day.
Now this is a highly peculiar claim. Why would you make the same amount of money every day for investing $250? Surely if you invest $250 on the first day you can invest $13250 on the second and make $685k by the third day?
Whatever this is, it has not been reported on in any serious financial journal or newspapers, which means that serious traders do not even consider using Bitcoin Loophole.
This is a big red flag! It sounds like a ruse to trick people who not understand trading or brokerage deals.
Why Should We Be Suspicious?
Apart from the fact that the whole concept sounds utterly ridiculous. Why would this person do what they are doing? If they wanted to help people they could surely find needier people than people surfing the web at random.
Another reason to be extremely concerned is the banner at the top that says:
Warning: Due to extremely high media demand, we will close registration as of 31/10/2021 - HURRY
With a countdown in the corner. Now what does this mean? Let's examine the conditions under which this countdown operates:
So it is just a countdown from 06:24 which starts when you load the page and is completely disingenuous and ridiculous amongst civilized people. This is a sure sign that scammers are lurking in the shadows! This is a huge red flag!
Let's have a look at the rest of the site:
OK so the website has historical facts about Bitcoin and various other irrelevant facts but where is the app or software that produces the miracles they have been describing? The whole website appears to be just nonsense.
We then read:
With us, you could earn daily profits of up to 60%. Under the right market conditions
Well here we go - there is no $13k per day - this website is a scam! 60% of $250 is $150 and that is just not what we were promised a moment ago!
Now when we scroll to the bottom we see: Please be aware that by investing you risk losing money. Terms and conditions apply, refer to brokers site for details. This website will be connecting prospective investors to a broker then, probably an unregulated, offshore broker. This is sounding like a boiler room scam.
Let's have a look at another version of the site:
There is a lot of text on this website, but very little information.
Basically we can divulge from here:
- Bitcoin Loophole is allegedly an automated trading robot that makes a guaranteed fortune from trading cryptocurrencies through partner brokers of Bitcoin Loophole (this is of course impossible.)
- You cannot lose (this is of course impossible.)
- You do not have to do anything, the software magically know what to do (this is of course impossible.)
- This is a huge club making a fortune for everyone involved that has never been on the radio or TV (this is of course impossible.)
- That no one in particular invented the technology (this is of course impossible.)
- That you only need to log on to a website and you are quickly made to be extremely rich (this is of course impossible.)
Time to pass down a verdict:
VERDICT: BITCOIN LOOPHOLE IS A : SCAM!!!
Do not go anywhere near this idiot product or any brokers associated with ti!