Bitcoin Rush

Bitcoin Rush - is it a Scam?

The short answer is yes, it is a scam. In the following paragraphs we shall explain why, but the most important thing to say right at the outset, is that Bitcoin Rush is not an app or website that invests on your behalf. It is a recruitment advert to get novice traders in contact with boiler room scammers. There is no such thing as a reliable auto-trading AI as it would render money completely worthless. What would be the point in money if someone could make it while they sleep just by logging into a website? Bitcoin Rush is a deliberately idiotic idea that any real trader would know was nonsense instantly. It makes sure you are a novice by convincing the reader of something no seasoned trader would ever believe. It is a test to make sure you are gullible and desperate and that you can be easily defrauded. That is why you can make big affiliate fees with these sites if you have no scruples.

 

What is Bitcoin Rush Really?

According to some seriously suspicious websites:

Bitcoin Rush is supposedly an app that auto-trades Bitcoin and other Cryptocurrencies and nearly always makes a profit.

In Reality:

Bitcoin Rush is an advertising campaign used by affiliate marketers of offshore brokers who are not regulated in your country or territory. These unregulated brokers sell Contracts for Differences that are subject to huge leveraging (multiple times the reward or loss of your stake, very often over 50x) that can make huge profits if you really know what you are doing and are very lucky. In the main though, 80% of all traders lose all of their money and wind up owing much more than they originally intended to wager. They intend to defraud everyone who signs up so please don't!

How Does Bitcoin Rush Get So Much Publicity?

Well, it is down to the use of affiliate marketers and keeping the competition between them fierce. As soon as you have a group of people fighting over affiliate fees, they will begin to develop all sorts of ways to increase exposure to your product. Some of the Bitcoin Rush scammer brokers offer successful affiliates $700 per prospect. That is $700 every time someone arrives at the scammer broker site and has given out their real phone number. That is how confident these scammers are of rinsing these poor souls for several thousand dollars. As the different affiliates fight over the fees, they find more and more ingenious ways of getting ahead in search engine rankings. This means that one certain affiliate starts taking the lions share of the fees. Once this happens all the other affiliates start going hungry and therefore either start copying the winning affiliate in a more intense way, or come up with another idea altogether to regain the top spot on search results. Furthermore the affiliates resort to advertising and many other means in order to get their affiliate fees, even though it is money earned from fraud.

Why Hasn't This Fraud Been Exposed?

This is a perplexing question. Why doesn't one of the Bitcoin bigwigs tweet about this and encourage all the others to as well? Why doesn't Elon Musk tweet about boiler rooms scams? He features on the pages of quite a few. So does Bill Gates and he never references anything. Just a quick 'auto-trading robots are a scam, do not sign-up' would be helpful. We really do not know why this has not been put under the spotlight, even if Google stopped accepting their adverts, we would be getting somewhere. Sadly the scammer adverts for boiler room scams like Brexit Millionaire and Bitcoin Lifestyle are getting more and more common.

Why Haven't The Perpetrators Been Arrested?

Well firstly we have to work out if there has actually been a crime. With all of these sites there is one thing you notice time and time again. They are designed to catch out people who do not read the small print. Nearly all of these scam sites have one thing in common, the disclaimer and warning at the bottom of the page. Many of them actually include terms and conditions and a privacy policy. This means that they are actually telling you it is a scam from the very beginning but you are not listening. So is there actually a crime here? Let's take a look at a warning at the bottom of one of the Bitcoin Rush Website pages:

REGULATION & HIGH RISK INVESTMENT WARNING: Trading Forex, CFDs and Cryptocurrencies is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. It's your obligation to check and decide whether the broker you were connected to applies to all local rules and regulations and is regulated in your country jurisdiction and is allowed to receive customers from your location you are in, before you fund your account with the broker and start trading with it. Note that the content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. We are required to tell potential investors that our software's past performance does not necessarily predict future results, therefore you should not speculate with capital that you cannot afford to lose.

USA REGULATION NOTICE: Option trading is not regulated within the United States. Bitcoin Rush is not supervised or regulated by any financial agencies nor US agencies. Any unregulated trading activity by U.S. residents is considered unlawful. Bitcoin Rush does not accept customers located within the United States or holding an American citizenship.

SITE RISK DISCLOSURE: We do not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading Forex, CFDs and Cryptocurrencies may not be suitable for all investors. We do not retain responsibility for any trading losses you might face as a result of using the data hosted on this site.

LEGAL RESTRICTIONS: Without limiting the undermentioned provisions, you understand that laws regarding financial contracts vary throughout the world, and it is your responsibility to make sure you properly comply with any law, regulation or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations or directives relevant to your country of residence. Please note that we do receive advertising fees for directing users to open an account with the brokers/advertisers and/or for driving traffic to the advertiser website. We have placed cookies on your computer to help improve your experience when visiting this website. You can change cookie settings on your computer at any time. Use of this website indicates your acceptance of this website's Privacy Policy.

Now even though this is completely at odds with the description of the alleged product:

Bitcoin Rush is a beginner-friendly BTC auto-trading system. We have helped tens of thousands of our clients gain financial freedom through BTC trading. You could generate up to $750 daily by depositing as little as $250 with us. The daily return could quadruple within weeks of compounding your profits.

It still means that this website is just a breach of advertising code in many countries, but since it is not from any particular country, it is not bound by any legislation. It is not strictly illegal anywhere.

Now the fact that they have been open about the reality of you trading CFDs rather than predicting the cryptocurrency market with a faultless AI based computer means that this is going to be a misdemeanour at worst. No one can prove that you did not lose that money fair and square and there is a warning about the risks of highly speculative, leveraged trading on the site.

Apart from that the likelihood is that this is an affiliate run website. They are just trying to get you to click the link and they have become a little creative with the truth, but who is to say that the affiliate network didn't tell the affiliate that Bitcoin Rush can really do this? How can anyone prove otherwise? We have no obvious legal precedent with which to request the material shared by the affiliate network. Thew only way to find out is to become an affiliate and see what we receive. Something we shall no doubt be looking into.

On top of all of this, the affiliate network is handing out the details and logo etc. provided by their customer. Although you would expect them to be ensuring the validity of material that their customers are providing to affiliates, it is not an obvious trading standards obligation as they may well be registered in a country that does not have strict trading standards.

So even though they claim this: