The Bitcoin Prime Story
A few years ago, back when the intelligence community was winding down many of its cold war operations, many people who had been used to high living were beginning to find that their highly accomplished skill set was no longer such a valued commodity. Yes there was work, but it wasn't the glitzy centre of attention kind of status to which they had developed such a keen taste. They needed something new, something that took money from the West, but that wouldn't ruffle the feathers of the post Bush CIA that were now concentrated on the Middle East.
Computer fraud was always going to be appealing. Many of the Russian tech contacts floating around the FSB were way beyond most of the people in the commercial world and they intelligence crew didn't suffer much from empathy or worry as they were generally picked for their psychopathic tendencies anyway. They just needed a product.
At first they used fake trader bots. These were easily developed and sold on to many other ex-intelligence agents or organised crime people around the world, even in the UK. Many of the agents in the Cold War had been Hungarian or Russian language specialists and in the new world, if they couldn't pass for mujāhidīn, they weren't much use anymore. The criminals just thought it was a great way of taking money without doing much, plus they tended to draw the police away from the more discrete scammers.
The software was simple to produce, it was simply an on-line constructed experience used to defraud. The customer would deposit funds which would then appear to increase in balance, encouraging the customer to deposit more. Then the balance would increase more (controlled by their broker who was really just a con-artist) in case they had more to deposit. As soon as they began to enquire about withdrawal, they would be told that there was a 48 hour period to withdrawal, in which time the trader bot would suddenly make repeated bad trades until their balance was nothing.
All this was great - they ex-intelligence people were making a fortune - but there was an issue. Interpol and other international groups were being pestered by the public to find these people and return their money. For a while this wasn't really considered a problem. After all, these were ex-intelligence staff, remaining untraceable was what these people did for a living, so Interpol were not much of a threat.
As time went by though, the FBI started knocking on doors and, although they could avoid the FBI too, it was getting more and more like hard work and was driving up costs.
Then fortune smiled on them again. In countries like the UK and Cyprus, they started to allow CFD (similar to spread-betting in many ways) on share prices and ForEx values. This was a highly dangerous form of what was considered trading by UK law, even though it is just betting on prices. This opened a door for the intelligence crew. This was legal. They already had all of the material with which to recruit gullible novice customers down on their luck, they still had all of the 'magic robot always wins every trade' nonsense ready to go, videos and all! All they had to do was use that same sales garbage to recruit people for ForEx spread-betting, and there was nothing Interpol could do. As long as it gave a warning about CFD (contracts for differences) spread betting at the bottom of the site, they could hide behind these feeble laws to remain untouchable. The FBI/Interpol crew wouldn't even bother with them any more because there was no charge to bring.
And that is how we have wound up with ridiculous websites like Bitcoin Prime pretending to be trader robots when they just sell spread-betting. They act as affiliates to these trading houses run offshore that keep all the money that these novices lose. They don't need to defraud illegally anymore, they just use spread-betting!
What they promise is making no sense:
- Autotrader bots that return a constant profit are technically a long way away from being available to the public.
- Bitcoin is not a suitable commodity to use robot traders on.
- MT4 and MT5 do not trade cryptocurrency so the bots cannot trade Bitcoin.
REVIEW VERDICT: BITCOIN PRIME IS A SCAM!!
Here is their latest sales funnel, you can see the Bitcoin Prime Scam copied here: