Bitcoin Future is a fraudulent platform for trading both Bitcoin and other cryptocurrencies. As of writing, it is one of the most popular deceptive auto trading robots due to multiple misleading marketing campaigns promoting it.
Its creators claim that Bitcoin Future users earn around $1,121 per day using this software; an already highly suspicious claim. Among other details, Bitcoin Future’s website also claims that the alleged software can automatically read news, trends, and other cryptomarket signals.
His sales pitch is based on the fact that without human intervention, he takes data from different events in the world of buying and selling cryptocurrencies, especially Bitcoin. It then identifies the best options and invests, without the user having to waste their time reading or analyzing any financial information.
This platform, created in 2009 by an alleged group of high-risk investors, is cataloged among specialized pages as a refined fraud.
Are you interested in learning more about this scam to stay safe? Well continue reading this article and avoid falling into the list of the scammed.
Bitcoin Future: The evidence of fraud
Everything works in a very simple way because Bitcoin Future claims to take care of almost everything according to the user’s goals or interests. In other words, basically, the only time the user has to invest time is when creating the account and setting it up.
A supposedly mathematically impossible hit rate
Bitcoin Future states that they have 94% trade execution accuracy; which is completely impossible.
To put that fact in context, the best-automated trading algorithms developed by top Wall Street firms through million-dollar investments are not usually able to get more than 55%-60% of the trades they execute right. It is clear that pretending a 94% win rate is mathematically impossible.
There is no legal information about which company is behind Bitcoin Future
The first warning sign to be detected is that on the entire Bitcoin Future website, including the legal information pages, no information about the company behind the product appears.
This simple fact is already a big red flag and more than enough reason for no one to trust their money to this fraudulent platform.
The platform handles registration with a very soft touch, presenting itself as very user-friendly and intuitive. Most users start with a $250 deposit and begin with a demo account first. In this way, they get the user to take familiarity with the features available on the platform.
It is a platform not regulated by any financial body
Any investment platform should be regulated by some international body, such as the CySEC, the FCA, or the CNMV, to ensure its transparency and reliability. It is clear that Bitcoin Future is neither regulated nor audited by any international financial institution.
They use fraudulent advertising and false testimonials from celebrities
Another of the most relevant features of this fraudulent scheme is the publication of videos and fake news of well-known personalities of society. In such videos and fake news, these personalities claim to have earned a lot of money through the Bitcoin Future platform.
In addition, these fake news promoting Bitcoin Future are adapted and transformed depending on the country they are trying to reach: We find both personalities such as Bill Gates, Richard Branson, Jamie Oliver.
Of course, all of these stories and alleged statements are completely false and are only meant to instill false confidence in the victim.
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How to avoid scams like Bitcoin Future
The inevitable rise in popularity of Bitcoins and other cryptocurrencies means that it is increasingly important to understand and watch out for scams that appear. As more people become interested in Bitcoin, it’s likely that more people will also try to scam it.
There is no single formula to avoid being scammed. However, it is recommended to constantly read the latest news of scams and frauds to stay informed. Also, it is a good measure to verify sources before investing in something.
Also, as a general rule, any product that offers us out-of-the-ordinary profitability or makes promises of “guaranteed profits” can be considered a potential scam.
Additionally, one should also be very wary of investment platforms that are not regulated by any national or international body.
Cryptocurrency can be a confusing topic for even the most experienced Bitcoin enthusiasts. Therefore, the more you read about this world, the more prepared you will be. After all, knowledge is power.
Is investing in Bitcoins and other cryptocurrencies a scam
Of course not.
It is a thriving market that since its inception in 2009 has shown a huge growth trend, thanks to which many investors have made huge profits.
Investing in Bitcoins and other cryptocurrencies have been for many a great opportunity that has generated huge profits. However, it is clear that -like any other investment- cryptocurrencies cannot offer any guarantee of profits.
To buy Bitcoins, maximize the chances of profits and avoid being cheated it is essential to choose carefully the broker you will use. In the investment market, there are legal, serious, and responsible companies that will help you in investing in Bitcoins.
How to Invest in Bitcoin right now
WITH TOTAL SECURITY AND WITH A REGULATED BROKER
When it comes to investing in Bitcoins, the favorite option recommended by Investor Times is the 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: This means that it has all the guarantees, security, reliability, and liquidity standards that we require from a broker to successfully pass our high standards.
Legal and Risk Warning: eToro is a platform that offers CFD and non-CFD products. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile and unregulated investment products. They do not have EU investor protection. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
eToro.com is a regulated broker through which you can buy Bitcoin or other real 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 most successful investors, the returns they are earning, as well as all the trades they make and the composition of their asset portfolios.
Most importantly, it also allows us to copy the trades made by these successful investors professionals. In this way, even if we are just starting out in the investment world, we can “copy” exactly everything that the big sharks in the sector do, thus significantly increasing our chances of success.
Legal and Risk Warning: eToro is a platform that offers CFD and non-CFD products. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile and unregulated investment products. They do not have EU investor protection. Indicative prices for illustrative purposes. Past performance is not an indication of future results. Trading history presented is less than 5 full years and may not be sufficient as a basis for investment decision. eToro USA LLC does not offer CFDs and makes no representations and assumes no responsibility for the accuracy or completeness of the content of this publication, which has been prepared by our partner using specific information not publicly available about eToro. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.