2 days ago · The fake Elon Musk BTC giveaway is one of the most successful bitcoin scams, having raked in millions of dollars. Mar 22, · While many use CoinMarketCap as a go-to resource for cryptocurrency market data, roughly 95% of bitcoin trading volume reported by this website is fake, according to Author: Charles Bovaird. Nov 17, · The Bitcoin Trader SCAM software (not to be confused with Bitcoin Code) is a fake trading robot and we blacklisted it in our fair and impartial review and investigation. First a word of caution, we have warned our members about the recent surge in Bitcoin scams which are riding the recent wave of endless success stories about new Bitcoin Millionaires. It's.
Bitcoin trading is fakeBitcoin Trader Review - Read What 52 People Say
They boast a The software is built on the most advanced programming the world has ever seen, according to them, and able to literally see into the future. They claim the algorithm is 0. To be fair I did sign up to see what would happen and it was this; I got sent directly to the cashier page on OptionStars where I was prompted to make a deposit.
OptionStars is a white label built on what I think is an older version of the Tradologic platform. Regardless, the platform sucks. They do have digital cryptocurrency pairs available in the drop-down asset list. The trading is classic binary with expiry as short as 60 seconds and as long as the end of the day. It is. The better question though is if OptionStars is a scam and the answer to that is also a resounding yes! Keep in mind that depending on your region, you might be directed to a different broker but I doubt it will be any better.
And one more thing: the web address of the Bitcoin Trader System has already changed a few times, so it is likely to change in the future probably to avoid getting caught. These are not the droids you are looking for, move along, move along. Looking at the long list of complaints at the bottom of this page, we can completely reassure this is a scam, and we were right from the beginning! Just take a look at what our users have to say about it:.
Too many promises, too aggressive and a definite scam! This guy sums it up perfectly. Unfortunately, some people still fall for empty promises and lies spread by these robot makers. Phil from Auckland has done the smart and common-sense thing: he actually researched and read some reviews BEFORE reaching for the wallet and giving money away.
And speaking of reviews: please be careful what you read or more importantly what you trust because a tool among many others to get more clients for their scam is to pay for positive reviews. Price of Bitcoin is constantly rising… a great way for regular people to invest… great for newbies… and the cherry on top: the brokers behind this robot are going to do everything needed to help you achieve steady results.
And what about Bitcoin price constantly rising? On the same website that posted that stellar review, you will find people in the comments praising the results of Bitcoin Trader:. And pigs fly. The material was quickly taken down by the websites but I believe some people still got duped.
Beware of Fake News! Check facts. Bitwise, an asset manager in the process of trying to list the first-ever bitcoin exchange-traded fund, said it met with the Securities and Exchange Commission on Tuesday to discuss its application. As a part of the process, it submitted analysis that could help regulators cut through the noise. The analysis showed that "substantially all of the volume" reported on 71 out of the 81 exchanges was wash trading, a term that describes a person simultaneously selling and buying the same stock, or bitcoin in this case, to create the appearance of activity in the market.
In other words, it's not real. Its median "spread," or difference between the price a seller wants and the price a buyer wants, for bitcoin was about 1 cent. That scenario passed Bitwise's test for having real volume. Exchanges may have an incentive to report fake volume. Bad actors may look to attract listings for new initial coin offerings, or ICOs, who want their cryptocurrency on an exchange where more trading goes on, Bitwise said.
The office of New York Attorney General also flagged the issue in a recent report warning that exchanges are vulnerable. Because most cryptocurrency trading platforms don't use the same monitoring tools as stock exchanges, SEC Chairman Jay Clayton has warned that investors may not get a fair assessment of bitcoin's price.