Bitcoin Trader Review

 

Is this really auto-trading for Bitcoin and crypto currencies?

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Now at: https://www.bitcointrader.site/ and https://www.bitcoin-pw.com/


 

The Bitcoin trader purports to be able to return huge profit from a single investment of $250. This is a claim we have seen before, and often has turned out to be false. Let us see what's what when we look through their website.

 The first message we see is:

EXCLUSIVE OFFERS FOR YOU FOR TODAY ONLY. REGISTER FOR YOUR FREE ACCOUNT

This seems like a strange message as it has not changed since yesterday. This is a bad sign. In the finance game, dotting every 'i' and crossing every 't' is what matters, so you do not make spurious comments that can have you wind up in court without thinking things through. This is a big red flag!

Next we see that various people are allegedly making money all of the time. Now this is odd too as an account holders balance and profits are private information and that account holder is unlikely to give permission to have their photo, name and latest deal results plastered over the front of a website. This is an extremely large red flag!

The next part of the website is just a standard video with some snippets of entrepreneurs saying a few sentences including the word 'Bitcoin'

Then they have a form to fill in where they ask for your name, email and phone number. Now this contact form depends on the following conditions:

Profitoro Ltd reserves the right not to provide you with any Services with or without notice in its sole discretion, whether it becomes aware of any violation to the Users Undertakings and Warranties (either by reports provided to it by other Users or any other means) by you or any other User, or for any other reason. Without derogating from the above, the Company expressly disclaims, and you expressly release the Company from, any and all liability whatsoever for any controversies, claims, suits, injuries, loss, harm and/or damages arising from and/or in any way related to: (i) any inaccuracy, untimeliness or incompleteness of a User’s or Third Party’s representations; and (ii) misstatements and/or misrepresentations made, either in connection with or by any of the Third Parties or other Users, Products or otherwise. By using the Website and Services you understand and agree that the Services merely offer a platform designated to assist Users to reach, purchase and/or use various products and services provided by third party vendors and/or services providers, through the ads or promotions run by us (respectively, the “Products” and the “Third Parties“, respectively).

 
So what this company is declaring is along the following lines:
We reserve the right not to provide any services or products.
We are an advertising company and just connect you to other services.
We take no responsibility for any services or products they provide, whether or not they in any way resemble what we have described.
Now whether or not this is actually legal - to advertise something that doesn't exist in order to get people to sign up for something else - it does seem that we have reached a strange period in our time, that if I hide a note on a separate page explaining that I am about to rip people off, that somehow makes it OK. This is a red flag too big for any known pole!
 

Moving down the page we see the message:

TRADE THE BTC PRICE SWINGS LIKE A PRO USING OUR AI-DRIVEN AUTO-TRADING MACHINE

But this statement makes no sense. How can you trade BTC with nothing to trade it with? Buying and selling BTC is a slow process that requires a lot of security in most cases, and the processing time of transaction on BTC is too slow for an AI to easily predict anything with as anything could happen whilst the last transaction is completing. Are you selling high and buying lower? Well how would that work as the price may vary to some extent but buying and selling is too slow to allow successful profiteering in this way. This is another big red flag!
 

The requirements section states:

 You only need to be in a country that supports CFDs trading and have at least $250 in trading capital.

Meaning that the product offered is actually CFD trading upon ForEx (probably not crypto either) using MT4 or perhaps MT5 software, that may allow you to speculate on crypto. MT4 does not.

Is Bitcoin Trader a Scam?

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Based on the information available, it is highly likely that Bitcoin Trader is a scam.

Here's a breakdown of why:

  • Unrealistic Promises: The article you provided claims that users can become rich in 3-4 months with no skills or expertise required. It also mentions a supposed 99.4% accuracy rate, which is exceptionally high and not typical of legitimate trading platforms, especially in the volatile cryptocurrency market. Promises of guaranteed profits or extremely high returns are major red flags for scams. Big red flag!
  • Fake Celebrity Endorsements: The article falsely attributes endorsements to Harry Kane, Mark Zuckerberg, Elon Musk, and Bill Gates. This is a common tactic used by scam platforms to appear credible. Legitimate platforms usually don't rely on celebrity endorsements, and if they do, those endorsements are genuine and widely reported through official channels. Big red flag!
  • Sense of Urgency and Pressure: The claim that banks and authorities are trying to ban Bitcoin Trader and that there are limited spots available is a pressure tactic to make people invest quickly without doing proper research. Big red flag!
  • Fabricated Testimonials: The "As It Happened" section and the "Benefits Of Our Readers" section contain highly improbable and generic testimonials of people making huge profits in a very short time. These are likely fake and designed to entice new users. Big red flag!
  • Lack of Transparency and Regulation: The review information suggests a lack of transparent information about the company's structure and regulatory status, which are crucial for investor safety. Big red flag!
  • Concerns about Withdrawals: Some user testimonials found online (not necessarily from the specific article you shared, but about "Bitcoin Trader" in general) report difficulties with withdrawing funds, a common sign of a scam platform.
  • Aggressive Marketing Tactics: The marketing strategy, including unauthorized use of celebrity names and misleading success rates, raises serious credibility concerns. Big red flag!

General Advice for Cryptocurrency Platforms:

  • Be Skeptical of High Returns: Any platform promising guaranteed or unrealistically high returns is likely a scam. Cryptocurrency trading is inherently risky.
  • Research Thoroughly: Before investing in any platform, conduct independent research. Look for reviews from reputable sources, check for regulatory information, and be wary of overly positive or generic testimonials.
  • Avoid Pressure: Don't fall for tactics that pressure you to invest quickly. Legitimate opportunities will allow you time to consider.
  • Verify Endorsements: If a platform claims celebrity endorsements, verify these through official sources.
  • Understand the Risks: Ensure you understand how the platform works and the risks involved before investing any money.
  • Only Invest What You Can Afford to Lose: Due to the volatility and risks associated with cryptocurrency, never invest money you cannot afford to lose.

In conclusion, based on the multiple red flags and common scam tactics observed in the article you provided and in general information about "Bitcoin Trader," it is very prudent to consider it a high-risk and likely fraudulent platform. Big red flag!

Here's what I can tell you

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The Claimed "Golden Income Loophole":

  • The article claims that Harry Kane revealed a "golden income loophole" during a recent interview with ITV News at Ten. Big red flag!
  • This "loophole" is identified as a platform called "Bitcoin Trader," which is described as an "auto-trading platform" that allows users to make money online without any skills or expertise. Big red flag!
  • According to the article, Kane encouraged British people to take advantage of this opportunity before banks and central authorities allegedly planned to ban it.
  • The article mentions that the Bank of England supposedly tried to stop ITV News from broadcasting the interview, but it was too late.

Harry Kane's Alleged Statements:

  • The article includes fabricated quotes attributed to Harry Kane, where he supposedly says he was also surprised by this "loophole" when a trusted person told him about it.
  • He is quoted as saying that "Bitcoin Trader" is the "future of technology" and has support from tech experts like Mark Zuckerberg, Elon Musk, and Bill Gates (this is highly unlikely and a common tactic in scam articles).
  • Kane allegedly stated that "Bitcoin Trader" is easy to use with a simple interface for registration and depositing funds.
  • He is also quoted as saying that he started trading on the platform with a minimum deposit of £200 and earned over £3,900 within a week, which he supposedly withdrew successfully.
  • The article further claims that Kane showed his "portfolio" on his phone during the interview to prove his claims and stated that big banks are trying to suppress information about "Bitcoin Trader" because it's reducing their profits.

The "As It Happened" Section:

  • This section describes a fictional scenario where ITV News interviewed Harry Kane to get his suggestions on investment options for the public.
  • It reiterates the claim that he announced the "income loophole" of "Bitcoin Trader," promising riches within 3-4 months.

The "Does Bitcoin Trader Work?" Section:

  • This part of the article includes a fabricated testimonial from a supposed editor named William Jones, who allegedly tried "Bitcoin Trader" after seeing Kane's interview.
  • Jones claims to have invested £200 and made significant profits within a week, eventually earning between £3,000 to £5,000 regularly.
  • The article provides a step-by-step tutorial on how to sign up and use the "Bitcoin Trader" platform, emphasizing the minimum deposit of £200.

"Benefits Of Our Readers" Section:

  • This section includes more fabricated testimonials from supposed users who claim to have earned large sums of money using "Bitcoin Trader" within short periods.

"Comments" Section:

  • The comments section also appears to be fabricated, with generic positive comments praising "Bitcoin Trader" and Harry Kane for sharing the "opportunity."

Analysis of the Claims:

Based on my knowledge and the information presented in the article, the claim that Harry Kane revealed a "golden income loophole" called "Bitcoin Trader" in a recent ITV News at Ten interview is highly likely to be a scam. Here's why:

  • No credible news reports: A significant revelation like a famous footballer endorsing a get-rich-quick scheme on national television would be widely reported by reputable news outlets. There is no evidence of such an interview or endorsement from legitimate sources. My initial search also did not find any such news.
  • Typical scam tactics: The article employs several common tactics used in online scams, including:
    • Using the name and image of a well-known and trusted celebrity (Harry Kane) to lend credibility.
    • Promising unrealistic high returns in a short period with little to no risk or effort.
    • Creating a sense of urgency by claiming that the opportunity might be banned soon and that there are limited spots available.
    • Fabricating testimonials and success stories.
    • Suggesting that banks and authorities are trying to hide this "secret" to protect their own interests.
    • Mentioning endorsements from other famous tech figures (which are almost always false in these types of scams).
  • The nature of "Bitcoin Trader": Auto-trading platforms for cryptocurrencies are often marketed with exaggerated claims and can be very risky. Many of these platforms are scams designed to steal money from users.
  • ITV News at Ten's focus: As mentioned earlier, recent news reports about Harry Kane's appearance on ITV News at Ten focused on his 100th England cap, not a financial "loophole."

In conclusion, it is extremely improbable that Harry Kane revealed a legitimate "golden income loophole" called "Bitcoin Trader" on ITV News at Ten. The article you provided exhibits numerous red flags characteristic of online investment scams. It is crucial to be very cautious of such claims and to conduct thorough research from reliable sources before investing any money.

Does the News at Ten Ever Interview Football Players about How to Make Money?

"Harry Kane sat next to the News at Ten anchor to reveal a secret 'golden income loophole'?"

(Imagine a startled look, perhaps a slight choking sound)

"Are you having a laugh?!?"

Look, the idea of a top England footballer, in the middle of the serious nightly news bulletin, casually dropping bombshell financial secrets that will make everyone rich… it's utterly ludicrous!

Think about it:

  • News at Ten is for serious news: They cover politics, global events, major UK stories – not get-rich-quick schemes endorsed by sports stars.
  • Footballers are experts in football: While some might be savvy with their own finances, they're not typically financial gurus dispensing advice to the nation on national television news.
  • The format is all wrong: Can you picture it? The somber news music fades, the anchor looks serious, and then… "Tonight, Harry Kane reveals the secret to untold wealth!" It's just absurd!

The very notion of a legitimate news program like News at Ten dedicating airtime to a footballer sharing a supposed "golden income loophole" – especially one as vague and suspicious-sounding as this "Bitcoin Trader" thing – is frankly preposterous.

It screams scam from the rooftops! It's the kind of thing you'd expect to see in a dodgy online ad, not a reputable news broadcast.

So yes, you're spot on. The idea is so far-fetched it's laughable. My initial response was far too reserved for such a clearly outlandish claim.

It is advisable to avoid engaging with platforms like "Bitcoin Trader" based on such sensational and unverified claims. If something sounds too good to be true, it very often is. Always seek financial advice from regulated and reputable professionals.

So this website is a complete lie from beginning to end, there is no crypto trading, it is just CFD option trading which is so dodgy that the American and Canadian governments have outlawed even the soliciting of it to their citizens.

VERDICT: BITCOIN TRADER IS A: SCAM!!!

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Do not send them any of your money!

 

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