Is Bitcoin Profit a Scam? WARNING
The owner of Bitcoin Profit is trying to convince you that his system can turn you into a millionaire, even when the crypto markets are cashing.
Is it possible to earn $10,478 per day and become financially free with this secret system? Is Bitcoin Profit a scam or legit?
Discover the truth before you open your wallet.
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Bitcoin Profit Review
- Name: Bitcoin Profit
- Website: https://en.btcprofitnow.online/
- Price: $250 (min)
- Strategy: It’s currently forex trading (but who knows what they will promote next?)
- Overall Rating: 0/5
- [yasr_overall_rating size=”medium”]
I discovered Bitcoin Profit after clicking on a link in a fake news site.
No, I was not expecting it would come out well…
Their homepage is very similar to other thousands of scams involving binary options.
They try to lure you into believing you will make thousands of dollars per day thanks to a system that will do all the hard work.
In short, they want to sell you the dream of having a personal cash machine that makes guaranteed profits. YUP! No losses!
Heck! It gets even better because according to the first video, Bitcoin Profit is entirely free!
Instead, the owner prefers to take a small share of your profit, a modest commission of 1%. Well, that’s what he says..
What Happens if You Proceed?
After you insert your email to claim your supposedly free access, you arrive at another page to finish your registration.
This time they will ask you to fill up a form with your name, password and phone number.
Also, there is another video that explains you will have to activate your trading account with the broker. But in order to do that, you will have to make a minimum deposit of $250.
But HEY! If you will make $10,000+ today, why would you hesitate?
I will tell you why! Because there are NO GUARANTEES. In fact, this is absurdly risky!
I recommend you visit their Income Disclaimer to see the truth:
What Exactly is Bitcoin Profit?
Bitcoin Profit is currently a website that is promoting a Forex Trading platform called GMO Trading.
It has nothing to do with bitcoins, and that’s why I suspect they were promoting a cryptocurrency trading platform in the past.
There is no program behind the scenes that would supposedly predict the markets and generate those incredible profits.
The site is only designed to encourage you to deposit $250 to GMO Trading.
When you do that, the owner will earn a generous commission. I don’t believe it’s just 1%.
After you make your deposit, you are pretty much on your own as they won’t help you make informed trading decisions. You should use the platform at your own risk!
It’s Extremely Risky!
GMO Trading is a regulated broker, but trading Forex carries a high level of risk.
You will basically speculate on the changes in currency prices over time.
For example, if you think the price of the US dollar will rise against the Euro, you can place a trade on that.
For every point the Dollar rises against the Euro, you will make a profit. On the other hand, if the Euro rises against the dollar, you will incur a loss.
Here is what the U.S Government has to say about Forex trading
Individual investors who are considering participating in the foreign currency exchange (or “forex”) market need to understand fully the market and its unique characteristics. Forex trading can be very risky and is not appropriate for all investors.
The risk of loss for individual investors who trade forex contracts can be substantial. The only funds that you should put at risk when speculating in foreign currency are those funds that you can afford to lose entirely
Can You Become Rich as a Forex Trader?
Unless you are a highly skilled currency trader, your chances of becoming rich are probably 1 in a billion.
The reality is you can literally go down the poverty line if you don’t know what you are doing.
It’s extremely dangerous for novices, and even experienced traders face substantial losses.
Bitcoin Profit is just a marketing ploy designed to make people sign up for a Forex trading platform.
It has nothing to do with Bitcoins!
All the owner wants is that you make a deposit and put your money at serious risk.
If you aren’t an expert trader, you are just gambling, which means the more you bet, the more you lose.
The way the website is referring you to the trader is very misleading indeed.
You can’t earn $10,000+ per day unless you risk losing 10,000+ per day as well. There are no guarantees!
So, I highly recommend you stay away from Bitcoin Profit. That’s all I can say.
Verdict: Not Recommended
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I hope this Bitcoin Profit review was helpful to you. If you have any questions, just let me know in the comment section below.
Stay safe and peace out!