Bitcoin Loophole Review
What is Bitcoin Loophole?
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Well firstly the name is confusing. A loophole is an area of uncertainty in law, historically they have been 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 this website offering a loophole?
Well ostensibly this is some sort of AI robot that can trade on your behalf, as we can see from the text:
Bitcoin Loophole combines powerful technical and fundamental strategies to trade the cryptocurrency markets with unrivalled accuracy. The App is AI integrated to allow it to gauge overall crypto market sentiment so as to maximise profits in both trending and non-trending markets.
And then we read:
Bitcoin Loophole is an automated trading software that trades the crypto market based on coded algorithms. There is no investor intervention required. However, the app also has a manual trading mode, which if activated, allows investors to actively perform trading actions on their accounts.
So there is no investor intervention required, this is a completely automated trading entity that makes decisions independently without human interaction.
This statement is very hard to believe. How could a robot make decisions on the future with no user input? Is it connected to news channels? That would mean it would have to read and write in a language which would mean it would be able to speak that language also. This is not something that has been shown to exist on the news or in any scientific journal as it would mean it could pass the Turing test as it would be able to discuss trading and markets at length. It would, in fact, be an extremely dangerous way to trade, as sooner or later it may just lose all of your money without warning. An AI is not a predictable system, and so there would be no legal or financial premise under which it could be ruled over in court or easily valued by any insurer. In other words, no one would ever offer this as a service without it being on the news. This is a big red flag! This service does not exist.
How Does Bitcoin Loophole Work?
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Well, let's see what the websites are telling us:
Bitcoin Loophole uses advanced technology to provide the highest security standards to its investors. The entire Bitcoin Loophole ecosystem, that also consists of its partner brokers, is designed to keep investor money as well as private details safe and secure at all times. Your safety is our top priority!
There is definitely conflicting information here. We have gone from the system needing no human intervention to it having partner brokers? Well what could they do exactly? If the system is independent then it has to be connected directly to a market of some kind, not be connected to partner brokers. This is a complete contradiction and a sure sign that something is very wrong. This site seems to be using one idea to try and bring people in on the deal and then sell them a completely different product. This is another big red flag!
The real answer to this question is that Bitcoin Loophole only works for one group of people, and they are the scammers. They are the ones harvesting your contact details so that the boiler room scammers can phone you. They will then start a non-stop campaign of harassment in order to convince you to invest money into a brokerage account which is often not even real. Once you have deposited your money, it is gone. They will either make sure you lose the money on binary ForEx trades or they will just show you a fake trading interface and simply steal it while you are busy staring at a fake trader software. Either way, the company that took the money will not turn out to be on your territory and you will have no ability to take action against them, or get a recovery from anyone other than your own bank. Beware of this as well, as there are many dodgy recovery companies around.
What Is the Bitcoin Loophole Website?
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Well there should be only one, right? But that is not what we find. Just from a quick search on Google, we can see that there are many and that there are many review sites that seem to ignore most of the evidence:
| Website |
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Reviews sites |
- btcloopholepro.com
- bitcoinloophole.io
- bitcoin-loophole.io
- bitcoinloophole.com
- btc-loophole.com
- btc-loophole.io
- bitcoin-loophole.live
- bitcoin-loophole-app.net
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- indexuniverse.eu/bitcoin-loophole-review/
- business2community.com/cryptocurrency/bitcoin-robots/bitcoin-loophole-review
- cryptoevent.io/review/bitcoin-loophole/
- frau-margarete.de/en/bitcoin-loophole-review/
- economywatch.com/bitcoin-robot/bitcoin-loophole
- criptoeconomia.com.br/en/bitcoin-loophole/
- roboticsandautomationnews.com/2022/02/15/what-is-bitcoin-loophole-and-why-should-you-care/49280/
|
None of these review sites seem to mention the fact that there are so many websites all pertaining to be the official 2023 version of Bitcoin Loophole, but they do link (with affiliates codes) to one version or another of these websites. It seems quite likely that each of these review sites has their own version of Bitcoin Loophole and that the Bitcoin Loophole is actually some sort of affiliate campaign rather than being an actual product. This means that none of the above websites are real review sites at all, they are simply affiliates trying to make fees by telling lies. They are in fact scammers!
Who Runs All These Bitcoin Loophole Sites?
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Well that is an excellent question. Who runs all of these sites and why do they not acknowledge each other. If they are in competition, why do they all use the same name? Surely they could come up with another idea if they are just after affiliate fees. No there is something else at play here. These people must be given a product to sell by someone. Someone who wishes for their prospects to be in a certain state of mins when they enter their contact details. That is the similarity between all of the sites in the table above. They all ask for your name, email address and phone number. That is because this affiliate network is selling something known in scamming circles as the Boiler Room Scam. These sites share a common branding because they are representative of partners of boiler room scammers. They have been given a set of tools to sell the scam and they all make their own website and then add the fake review sites to feign validity. People look at the websites, read the review and then sign up for something they believe to be legitimate. Only later do they realise that they have lost their money. Whoever runs these sites hides behind proxy services and domain security. They register their companies offshore, if they even have one, and are very difficult to trace. In other words, they know they are criminals and want to stay hidden and anonymous.
Let's have a look at one of the website videos:
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?
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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?
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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.
What Can You Earn With Bitcoin Loophole?
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Well this is what we 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 full of contradictions! 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 really is 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.)
Can you Earn Anything with Bitcoin Loophole?
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Very rarely. If you were put through to an offshore, unregulated CFD broker rather than just a straightforward scammer site (which is rarely the case) then perhaps you may manage to eek out some money before they come up with a reason to close or block your trade, but it is very unlikely. Most of the brokers are scammers anyway and do not actually buy the CFDs or options that you request. They are just stalling you in order to escape with your money as soon as you turn your back.
Is Bitcoin Loophole a Scam?
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Well, yes it is a scam. Bitcoin Loophole is not an app, it is not even a single website. Bitcoin Loophole is an affiliate marketing tool to sell boiler room scams to people who are novices in trading and have no idea what they are getting into. it is such a scam that on the affiliate websites they have to address the idea:
Have you ever seen this on a legitimate website? No because the very notion is absurd. These websites are designed to take advantage of vulnerable people who do not read financial publications or have any knowledge of financial markets. These websites suggest something impossible to ensnare people, and then recant and recant until they promise nothing. They are a scam.
Time to pass down a verdict:
VERDICT: BITCOIN LOOPHOLE IS A : SCAM!!!
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Do not go anywhere near this idiot product or any brokers associated with it!