It is a good question. What exactly is the page www.bitcointrader.site/?
What is Bitcoin Trader?
We are a trading program that conducts bitcoin trading automatically. You need to sign up for free on our website and deposit at least $250.
No it isn't. It does not even exist. There is no link to download a trading app from the Google or Apple stores, just a form to get your phone number and email so that the boiler room scammers can start to harass you.
Our algorithms will do the trading research for you and automatically instruct the underlying broker to implement trades. You can manage your Bitcoin Trader account on our highly intuitive web-trader or Android/iOS mobile app.
There are only a few settings to be adjusted manually. A trading tutorial video is available on the resources page to help you do this.
There is no resources page.
Facts about Bitcoin Trader
We have been offering automated trading services for the last six years. Here are interesting facts about our trading system.
Bitcoin Trader is the oldest AI-powered robot for bitcoin trading. We were launched two years before the boom of 2016/2017.
Our trading system was a major contributing factor to the crypto boom. Most of our users became extremely wealthy during the boom.
You don’t need any formal education to trade with our system. This is because it automates all the technical aspects of trading.
Real facts about Bitcoin Trader:
- They do not have an automated trading robot and if they ever did get one they would not sell it to us.
- An automated trading robot of anything that nearly always won trades wold allow you to take over the Federal Reserve and then the world
- They have never had any influence on the Crypto markets
- They are affiliates of boiler room scams that defraud people out of millions every year
- They pass your details on to these boiler room scammers who then hound you for all of your money.
Do we have any evidence to back up our claims that these people are lying on a website that is advertised on Google?
Well let's sign up and see what happens:
As you can see you are just sent to: https://trade.upsalefx.com/settings/deposit and asked to make a deposit.
Let's find out who they are from their website. If we look at https://www.upsalefx.com/ we can see that they have both an 'about us' page and a 'contact' page, so we should be able to find out who they are and who they are regulated by.
So it says:
GENERAL RISK WARNING:Up Sale FX, is a licensed and regulated financial services company. Investing in the market related to cryptocurrencies or Forex, can involve a high risk of loss, which can often be all your investment. That is why you should not invest money which you cannot lose. Before investing you should be aware of all the risks involved in investing in a stock market, as well as you should seek advice from your specialized financial consultant with a corresponding license. Under no circumstances, we will have any responsibility in front of any person or entity for partial or total losses or damages caused as the result of transactions or investments related to cryptocurrencies and Forex. Be sure to read the terms and conditions carefully before performing any procedure with Up Sale FX.
So this is not a disclaimer, it is a warning that using this site is actually a risk. Then the first sentence. UP Sale FX is a licensed and regulated financial services company but regulated where? There is no company number or link to any regulator. There is an address, but we cannot see any evidence that it is real and the phone number, +447481358584 is a UK mobile number. There is some sort of registration code: N12716547K but if you search for that, well, we won't mention what you find.
Then there are some rather bizarre statements in the FAQs:
Is investing with cryptocurrencies a scam?
Initially, it can cot be considered as scam, because it is not a company selling assets or making offers that are unreliable, but the opposite fact is based on potentially disruptive technology. It is not a pyramid scheme, but you can never be sure that all these platforms are legitimate, because it is known that there are people who cheat their clients excessively, so you should be careful in which platforms you invest. It is very important to know that a platform has regulations by entities that are recognized worldwide and that can carry out financial work, otherwise they will be a scam.
So all in all, we can probably assume that this is a boiler room scam, as no one operating a brokerage could afford to be this slapdash.
Then we get to the Bitcoin Trader site claiming it has no connection with the pages connecting them with various celebrities:
Bitcoin Trader and Celebrities
We are a popular trading system covered in leading publications and featured on popular TV programs.
The popularity has also attracted a fair share of fake news. Some gossip celebrity blogs have associated us with celebrities as follows.
Elon Musk Bitcoin – Some gossip sites have mentioned our system alongside Elon Musk. These platforms claim that we have received angel investment from this celebrity. However, this is a lie.
So you run a system that automatically trades bitcoin at a profit and yet Elon Musk has not tried your software? That seems rather odd if any of your claims are true. Why are you so keen to distance yourself from these claims?
Well one reason is, that if Elon Musk tweeted that this is a scam, they would have to come up with a whole new affiliate system as everyone would then know that their chosen brand name was a scam.
Richard Branson Bitcoin – Branson has also been mentioned as one of our investors. However, this is not true. Branson loves bitcoin in general, but he hasn’t disclosed investing in it.
Actually he has disclosed investing in Bitcoin and Ethereum, but to what extent is unknown. He has never mentioned auto-trading robots that magically win every trade though, which seems odd if there is any truth in the matter.
Kate Garraway Bitcoin – There are rumours that the host of Good Morning America has backed us financially.
Please note that Bitcoin Trader has not secured any form of angel Investment. We haven’t sought any investment from investors, and we are not planning to do so.
Kate Garraway is a televisions presenter and it is of no relevance what she has or has not invested in. Other celebrities that have been associated with these boiler room scams include, Bill Gates, Jeff Bezos, Jeremy Clarkson, Gordon Ramsey, Peter Jones, Deborah Meaden, Holly Willoughby, Phillip Schofield, Martin Lewis and Prince Harry and Meghan Markle.
So all of this denial aside, a claim that a broker is not seeking investment is clearly an odd one.
Bitcoin Trader App Review: Final Word!
We are a reputable trading system operating in full transparency and with a strong reputation. Our system is powered by Artificial Intelligence (AI) and the Distributed Ledger Technology (DLT).
They are not any of this. We have just seen on their own website that they simply forward you to what is supposed to be an actual broker, but that who clearly is just a boiler room.
AI is the backbone of any worthwhile algorithmic trading strategy. This technology enables trading algorithms to scan big data at supersonic speed and with high accuracy. Thanks to this technology, our trading system can trade news better than Wall Street’s best day trader.
This is complete nonsense. AI is unpredictable by its very nature and would be the last thing you would want in control of your assets and it could bankrupt you in an afternoon.
They often seem to use the registration system of the contact harvesting site https://registerhappy.net/box_8d738bd61c52f06ef253959cc37c8d98 which is a site without content, the only elements on the root page site are: Welcome 👋 the actual form is a forward to: https://sol.planetz.care/ which is another site without content. Every site they are connected with is guarded by CloudFlare to help hide their real identities.
VERDICT: BITCOINTRADER.SITE IS A SCAM!!!