ScamBitcoinRobot.com is a review website designed to inform the public about fake Bitcoin trading Robots such as Bitcoin Revolution and Bitcoin Profit. By exposing fraudulent systems and providing insightful as well as meaningful information, our viewers feel more empowered to make the right choice about which trading platform is best for them. Our staff of highly trained researchers is primarily focused on fake automated trading systems which employ the use of fake news for promotional purposes. For example, members of the Dragons’ Den team such as Peter Jones, as well as Top UK Chef Gordon Ramsay are just two of the latest celebrity victims used by various media agencies and affiliate networks specializing in fake news advertisements. Besides blacklisting SCAM bitcoin robots and fake crypto signals, our staff also provides working alternatives and recommends legitimate systems that actually generate consistent profits on a daily or weekly basis.
Bitcoin Robots and CFD Brokers
Similar to Forex currency pairs, Crypto CFDs are structured in the same way but allow traders to purchase contracts on a variety of assets including indices and commodities. Trading CFDs can be a very lucrative venture if done correctly, however most retail Forex traders end up losing their initial investment and sometimes much more. This can be explained by the fact that scammers are riding the so-called “Bitcoin Wave” and all the media hype associated with it. Uneducated traders who are in some kind of financial distress and are searching for an easy way to generate some easy more are easily attracted to various get-rich-quick crypto schemes, and that is the reason we have started this website. The trading robots are connected to trading platforms or CFD brokers which provide the liquidity pool and actual trading arena where you can purchase the actual contracts (call or put). CFD’s or contract for difference are identical to Forex currency pairs in how they behave, but CFD brokers offer you a more divers assets index which allows commodities and indices as well.
What is A Bitcoin Robot?
A Bitcoin Robot is an automated signals software which operates independently and without any form of human intervention. There are also or semi-automated systems which do all the work for you, but you actually have to approve the trades. Semi-automated and manual signals can also perform exceptionally well depending on the individual trader. Full automation takes out the emotional aspects of trading, but at times can’t factor in events like storms or skirmishes in certain places in the world. This is why we offer a variety of options which are available to you depending on your requirements.
Bitcoin Robot Reviews
Exposing fake Bitcoin Robots by blacklisting them in our reviews is primarily what we do here at Scam Bitcoin Robot. But we also try to explain why affiliate networks and media agencies operate in such a deceptive and misleading way. In most cases where we see a fake review we immediately understand that the review is not written by a trained professional. In fact, in most cases what we see is untrained staff which produces low quality reviews designed to bait and attract uneducated viewers.
How To Spot a Fake Bitcoin Robot
The first rule of thumb is that if its too good to be true it usually is. That being said, there are a few tell signs which act as red flags or alarm bells.
- If you read or hear anything about a “guaranteed” or 100% win rate then it’s a lie. Other superlatives include the words “risk-free” or “fool-proof”, but essentially its the scam concept so make sure to avoid it.
- You can’t become a millionaire overnight! Its simply impossible unless you win the lottery or inherit a fortune.
- Look for fake testimonials. Usually scammers don’t pay attention to details and that is when a serious review site can expose them.
- Watch out for inflated bank accounts and hyped up or exaggerated claims of easy money.
Regulation is becoming an increasingly important factor when it comes to CFD’s and trading systems. Opportunity seekers and day traders searching for a legitimate trading system are not fully aware of the regulatory aspects related to privacy protection and information security. Regulated systems undergo auditing by 3rd party accounting firms who are responsible for the operational aspects as well as transparency in contract execution times and rates. The European General Data Protection Regulation (EU GDPR) requires that information which is stored on servers it be data protection-compliant (PCI-compliant).
Bitcoin Signals on Telegram
Telegram groups for Bitcoin Robots are 100% confirmed scams since all the records of your conversations are deleted and there is zero transparency or accountability. The same is true for Instagram, Facebook, or for that matter any scheme which has no official website.
Bitcoin Robots and Trading Strategies
Strategies such as Swing, Momentum, or scalping are also referred to as technical analysis strategies designed to offer you a more scientific or efficient method to execute trades. Bitcoin Robots trading crypto CFDs already have these types of strategies encoded in their trading algorithm along with indicators such as MACD or Williams. If you opt for a robot then at least you should have the option of switching to manual mode if you want to try doing it by yourself using manual signals.
HYIPs, Ponzi Schemes, and Fake ICOs
We get countless questions about high yield investment programs and Ponzi schemes. HYIPs payout their investors with the money generated from the base of the pyramid which consists of new investors. Usually HYIPs will ask or even demand that you refer a friend or family member so they can keep the scam going, and that is the immediate tell sign. Ponzi schemes behave in a similar way and they always promise you low risk and high returns so that is a huge warning sign. ICO scams are easy to spot because they usually don’t provide a proper road map and are totally anonymous.
There are various Bitcoin Exchanges like Coinbase, Kraken, or Binance. Some robots like Gunbot or Cryptohopper will trade on exchanges but from our experience members find these types of systems to be too difficult to operate and simply end up losing their money. So in our website we focus on automated Bitcoin Trading software which is both easy to use as well as profitable. We also encourage you to file a report using our complaints page if you feel you got ripped off. We always do our utmost to try and help out our members.