The Bitcoin Trader, Code, Loophole? Yes, they’re all get-rich-quick scams
Bitcoin Trader, Bitcoin Code, Bitcoin Loophole, Bitcoin Revolution, Bitcoin Evolution, Bitcoin Circuit. It doesn’t matter what the name is, if it claims that it will make you rich using some sort of “automated system” trading with Bitcoin, it’s a scam.
You may very well have seen such a scheme being endorsed by a well known celebrity. Or seen a news article detailing the excitement surrounding a system that it making people rich. But not all is as it seems. Because there are no celebrities endorsing these schemes. And there are no journalists promoting it either. It’s online trickery, aimed at luring victims to paying up to join get-rich-quick scams.
The prospect of being told that you can get rich quickly, with little-to-no knowledge of technology or trading, is naturally appealing. And of course those that operate these scams are hoping that the prospect of a shortcut to wealth is appealing enough for people to hand over their credit card details.
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So what exactly are these schemes?
Let’s move away from Bitcoin whatever for a moment, and talk about stock market trading.
There are a number of ways you can trade on the various stock markets. Traditional stock market trading where you either invest or sell shares. Penny stocks. Even Binary Options trading that allows you to predict whether a stock will rise or fall in a certain time frame. All of these have one thing in common; they’re risky. Sure, you can win, but you’re almost just as likely to lose. And if you’re just starting out, you’re probably more likely to lose.
But what if we told you that we have a ‘secret sauce’ system that couldn’t possibly fail? An automated method that knows what’s going to happen and when it’s going to happen, and employing this system is one hundred percent guaranteed to make you rich on the stock market.
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Of course you should be more than just a little skeptical of such outlandish claims, the same way you should be more than skeptical of con artists trying to sell you secret systems that can beat the online casinos. You should be skeptical because it’s just rubbish, a con as old as time itself.
This is what systems like The Bitcoin Loophole are. They are con artists in dark alleys telling you that they have the secret system to get rich while trading stocks or betting with Binary Options.
They claim to have the automated system, the private jets, the personal testimonies, the handsome CEO, the rags to riches backstory and the plethora of happy customers. But none of it is real. The private jet belongs to someone else. The handsome CEO is a stolen stock photo. The happy customer reviews are made up, as are the rags-to-riches stories, and the automated system is doesn’t exist.
Systems like the Bitcoin Loophole are an illusion. They build it up. They get you excited. They get you to register, and then they direct you to some trading broker they are affiliated with – meaning they’ll make money each time you invest, regardless of whether you win or lose. And, given you’ve been fed a heap of lies about private jets, holidays in the Maldives and guaranteed $1000s in your first week, you’re more likely going to lose.
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And what does any of this have to do with Bitcoin, which these schemes are named after? Absolutely nothing. Bitcoin is just used because the crooks know you’ve most likely heard of it, but probably don’t really know exactly how it works.
Ultimately, this makes systems like The Bitcoin Code and The Bitcoin Loophole get-rich-quick scams. If you encounter one, it’ll most likely be introduced to you initially while posing as a news article or editorial about how a “son bought his mom a house” or how it was featured on a TV program such as Dragons Den, or how a celebrity is endorsing it, before directing you to the sales page.
Get-rich-quick scams are just that, scams. We discuss some legitimate ways our readers have made money online in the past, but if something it peddling some done-it-for-you, automate system to getting rich quickly and easily, it is definitely going to be a scam. So don’t click!