Bitcoin Era is an automated trading bot that claims to provide users with profits by automatically buying and selling Bitcoin. It claims, on the other hand, that it is capable of generating a profit of $1000 per day from a small capital investment of $250.
This automatic trading robot was created in 2019 by a purported group of software developers in the Fintech sector. Its creators claim that Bitcoin Era is capable of making trades faster than most algorithms. They advertise that it is a fraction of a second faster than the average commercial software.
Bitcoin Era users just need to configure the bot with a set of personal values and turn it on. Once it is activated, all that needs to be done is to monitor the transactions being made on your behalf. Broadly speaking and just like other similar fraudulent platforms — such as Bitcoin Revolution, Bitcoin Profit, Bitcoin Trader, Bitcoin Future, or Bitcoin Evolution –, Bitcoin Era makes its users believe that they will get large sums of money with no effort.
A premise that, by itself, should set off alarm bells for any user.
Why Bitcoin Era is a fraud
Their developers claim to have an accuracy of 90% in their automatic operations, which implies total perfection in their operations. They only lose 10% which is a mathematical miracle hard to find in real life.
To get an idea, the best trading algorithms developed by large billion-dollar firms are not usually able to get more than 55-60% of the trades they execute right. It is clear that claiming a success rate higher than these figures is simply impossible.
Bitcoin Era assures its users that from the comfort of their couch they can get, on average, about $1,100 a day. Without effort and without making any decision they can through this automatic software earn their first million in just 61 days. Even more, they assure that you do not need any knowledge about Bitcoin, you just have to let the robot work in automatic.
These claims are more than enough to determine that Bitcoin Era is a fraud, no doubt about it.
More signs of the Bitcoin Era scam
They use manipulated video and fraudulent advertising
Testimonial videos of well-known personalities extolling the benefits of trading Bitcoin are seen on their website. They do not express anything about the advantages of using the Bitcoin Era, but nevertheless, let the user believe that they do have to do with it.
In addition, Bitcoin Era uses “fake news” involving celebrities to promote on social networks the hoax and attract victims. It is common to find fake news involving celebrities such as Richard Branson, Bill Gates, Elon Musk, and Jeff Bezos.
They present alleged awards won by the software
On the Bitcoin Era website, they advertise supposed awards won by the software. Specifically, they reference the award given by the UK Trading Association. A subsequent internet search yields that no such association exists.
Fraudulent profit reports
The website maintains, supposedly in real-time, user profit tables. The tables are constantly changing implying a feverish trading activity which is not true.
Who regulates the Bitcoin Era?
All entities participating in the stock market are licensed and registered with international financial institutions that regulate the activity. This gives them legality and protects users. In the case of the Bitcoin Era, who regulates it?
Our research reveals that Bitcoin Era is neither authorized nor audited by any financial institution.
Use of fake messages and markers
Testimonials from people claiming to have earned money through the platform are difficult for people to verify if they are real. However, we found the same testimonials on dozens of other pages that under other names, promote the same fraudulent scheme.
The Bitcoin Era fraud in three steps
- Step 1: The registration. In this step, the almost scammed user completes a form with his personal data. Once this registration is accepted by the platform, he is automatically added to a list of investors. This qualification gives you access to the Bitcoin Era software.
- Step 2: Initial deposit. This step is called account funding and consists of transferring at least $250 to the platform as seed money. Already at this level, the user has escalated to the category of being scammed.
- Step 3: Closing the process. Clicking auto-trade and selecting whether to have the algorithm work in automatic or not completes the con. The user can also select the manual option but would have to monitor market values and order buy and sell actions personally. Since Bitcoin Era sells its software as something miraculous, few, if anyone, selects the manual way. The user loses the invested capital and the scam is consummated.
Is the Bitcoin market a scam?
No, it is not. On the contrary, it is a market in which great profits can be made, but not at the levels at which Bitcoin Era wants to make believe it can be made.
Although Bitcoin is a relatively new phenomenon, it is growing rapidly. At the end of August 2013, the sum of the value of all bitcoins in circulation exceeded $1.5 trillion. Moreover, the equivalent of millions of dollars worth of Bitcoins is exchanged every day. This gives an indication of how important this market has become and consequently how convenient it is for investments to be made.
Like all investment markets, the Bitcoin market, and in general any cryptocurrency, is highly volatile. That is, it is fluctuating daily depending on its market trends. This forces anyone who wants to trade must keep track of its behavior in order to be able to buy or sell at the right time.
To conclude, the Bitcoin market, like any emerging technology, is not a get-rich-quick kind of thing as Bitcoin Era claims. It is a growing universe of innovation and there are always business opportunities. However these do carry risks, so specialists recommend monitoring and caution if you want to profit from the activity.
How to invest in Bitcoin right now?
When it comes to investing in the queen of cryptocurrencies, the favorite option recommended by Investor Times is broker eToro.com, an investment platform used by more than 10 million users, based in London and authorized by CySEC and the FCA (the UK regulator).
In addition, eToro has successfully passed our verification and audit process: Which means that it has all the guarantees, security, reliability, and liquidity standards that we demand from a broker to successfully pass our high standards.
eToro.com is a regulated broker through which you can buy Bitcoin and actual cryptocurrencies.
You can now invest in eToro by copying the most profitable investors!
Since recently eToro is positioning itself as a successful “social trading” platform. Among other features, eToro currently allows us to view the profiles of some of the world’s most successful investors, the returns they are earning, as well as all the trades they are making and the composition of their asset portfolios.
The most relevant of which is eToro’s social trading platform, eToro allows us to copy the operations carried out by these successful investors professionals. In this way, even if we are just starting out in the world of investments, we can “copy” exactly what the big sharks of the sector do, thus significantly increasing our chances of success.
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