Cryptocurrencies

Bitcoin Revolution is an online investment scheme developed to commit fraud by allegedly trading cryptocurrencies. Despite the growing number of warnings that have been generated, there are still many people who think that it is a platform that can benefit them -- or worse: Turn them into millionaires. Bitcoin Revolution is a scam that operates in the same way as other fraudulent schemes we have already talked about in Investor Times: Bitcoin Profit, Bitcoin Trader, Bitcoin Future, Bitcoin Evolution, Bitcoin Era... Different names; same scam. Anyone who has spent any time immersed in the world of cryptocurrencies knows that it is a volatile market. Consequently, it requires monitoring its development to make the right decisions. It is also a market where you can make a lot of money, which is anyone's dream for retirement. Bitcoin Revolution offers its users promises of quick money in a short time with no involvement from them. The user only has to sign up, deposit an initial amount, sit back and wait comfortably for their earnings. The automated algorithm supposedly tracks market behavior and makes decisions in favor of the users. As of today's date, there are sober indications that Bitcoin Revolution is a fraud. However, there are still people, especially those inexperienced, who are still victims of the promises of easy money. Do you want to avoid being a target of this type of scam? Do you want to learn how to recognize fraudulent sites from legit ones?. In this article, you will find the answers to these questions. What exactly is Bitcoin Revolution? Bitcoin Revolution is an automated trading tool that was created in 2017 by a group of - allegedly - investment brokers. Only a year after its release to the market, it gained a purported reputation of being the fastest robot for trading Bitcoin and other cryptocurrencies. It was argued that it was capable of providing signals 0.01 seconds faster than any other software. By the time of Bitcoin Revolution's launch, trading bots dominated the tech scene and constituted a hope. In this regard, it was said that the analysis that would take a human up to two full days, trading robots would do in much less time. This would be hours, minutes, or even seconds less than what humans would spend doing the same function. Another of the versions spread was that the robot guaranteed a 92% chance of success in online trading. On this manufactured fame it began to be marketed online seeking to attract users. The evidence of the Bitcoin Revolution scam In the case of Bitcoin Revolution, the signs are clear and early. From the very moment of login to the platform the user starts receiving them. Affirmations such as that the system has more than 99% effectiveness and is 0.01 seconds faster than other trading robots on the market are already reasons to set off alarm bells. Any suspicious person would research these numbers and learn that this is, to say the least, mathematically unfeasible. However, most people are seduced by this siren song and fall for it. Without further thought, they sign up, hand over their first $250, and dive into a world where they will not come out as they thought... To put the Bitcoin Revolution data in context it should be noted that the best predictive trading algorithms--developed by the best Wall Street firms through million-dollar investments--do not usually have a hit rate higher than 55% sustained over time. The promise of a 99% hit rate is simply ridiculous. The signs that it is a fraud are there and you have to learn to distinguish them. Apart from those already mentioned, there are others that, because they are so silly and obvious, sometimes go unnoticed. Let's take a look at a few of them: When registering with Bitcoin Revolution The system is easy and user-friendly. The registration and funding process is also easy to follow. The design on the other hand spares no details to promote the platform, as is to be expected. However, there is no warning that, like any investment, buying Bitcoin has its risks. Risks that if they materialize to the detriment of the user would reduce that success rate of almost 100% that they guarantee in their propaganda. As the platform still maintains this percentage as a sales tool, it should be interpreted that, to date, no one has lost money. Hard to believe... Right? Especially hard to believe in a market as volatile as cryptocurrencies. Who regulates Bitcoin Revolution? The cryptocurrency market, like all investment markets, is regulated and regulated by international financial institutions. Any investment company must register and accept a set of operating rules. This gives guarantees to the user. Let's pose the following scenario. What happens if some Bitcoin Revolution user loses all his money? Where can this user go to claim money? Does he have any legal support? What other option does he have? The answers are nowhere, no, and no other option. These are the risks faced when trading with unregulated and unregulated entities like Bitcoin Revolution. They use fraudulent advertising The platform has video testimonials where some people claim to have benefited from Bitcoin Revolution. Most often they include well-known people from society. Actors, businessmen, and even well-known politicians appear pondering the benefits of the platform... Isn't it striking that these same celebrities later deny their claims? Surely the video was published out of context highlighting the parts that the platform was interested in. There are already many cases of that. They present totally false earnings reports This is another of the resources they use on the Bitcoin Revolution website. The figures published are meant to highlight what the propaganda says. That is, fast, easy and effortless money. It is as easy as going to withdraw cash every day at the ATM. The dance of profits is vigorous regardless of the volatility of Bitcoin investment. Does everyone win, easily, quickly? As St. Thomas would say... Seeing is believing!. They use false messages and markers Bitcoin Revolution is in the habit of presenting testimonials from ordinary people who were supposedly benefited by the platform. It can be noted that they are always the same people. Time goes by and the testimonials do not change on the page. Should it be interpreted as no one else wins? If so, why maintain the version that everyone wins every day? The contradictions in the arguments they use are obvious. Conclusion: It is a fraud. So is cryptocurrency investing a fraud? No, of course, it is not. Cryptocurrency investment, especially Bitcoin is one of the great investment opportunities in today's times. However, it is a relatively new field about which there is still a lack of knowledge... Since its inception in October 2009, the value of these non-tangible currencies has been on the rise. On that date, 1,309.03 Bitcoin (BTC) were traded for one dollar. The latest trades between 2019 and 2020 fix the value at around $8,000 per BTC. The bottom line is that investing in Bitcoin has been a great deal for those who have been able to buy and hold their investment during the tough times. Like any stock market investment, it has its risks. There are no magic solutions or guaranteed results. There are trading rules that when adhered to maximize the chances of profits for investors. 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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.