The Bitcoin Code: Is It Worth Your Time?
It is important to first read this review of the Bitcoin Code before signing up to start Bitcoin trading. If you are interested in binary options trading or financial trading in general, you have probably heard of Bitcoin, which is a cryptocurrency.
What is Bitcoin Code?
Bitcoin Code seeks to take advantage of the people that wish to trade binary options and Bitcoin legitimately by pretending to offer a trading system that generates ridiculous income every day even by scam standards.
Bitcoin Code allegedly offers you the opportunity to join a select group of people that make money trading Bitcoin. The creators guarantee that you will be making as much as $13,000 every single day. The creators claim that if you use the software, you will become a millionaire within a very short time.
The creators claim that Bitcoin Code is completely free and that all it takes is a few minutes of your time each day to start trading and enjoying huge financial rewards. If all this seems too good to be true, you are probably right.
Who is the Creator of Bitcoin Code?
Steve McKay claims to be the developer of Bitcoin Code trading software. He claims that he was asked by his boss to develop it for millionaire clients that have no names. His claims would have been more believable if he had disclosed the names of the companies that he has worked with.
Steve claims that he has earned millions of dollars using the software. However, if you search for this individual, you will quickly realize that he is a fictitious character developed to scam people out of their money.
Steve McKay is obviously a fictional character since somebody without any investment knowledge cannot just invent a software that turns him into a millionaire overnight and not become a media sensation.
How Does Bitcoin Code Work?
If you are to believe what he says in his presentation, Steve McKay claims to have developed Bitcoin Code to help clients trade Bitcoins without the need to actually buy coins. The truth is that while it is possible to trade Bitcoin price movements by trading binary options, Steve’s claims are simply not true.
A genuine automated trading software should be based on technical indicators and generates trade alerts that you use to enter trades. However, with Bitcoin Code, all you are asked is to sign up and deposit money into a brokerage account.
You never get to see the actual software in action and neither do you see its settings or simply how it works. The creators don’t provide information about the algorithms or formulas it uses. It is safe to assume that Bitcoin Code is just a scam to lure you to deposit money in an unlicensed offshore broker.
Clear Evidence of Fraud!
If you investigate the Bitcoin Code further, you will discover some highly suspicious facts. If you check the video presentation, you will find that the scammers behind Bitcoin code are using fake testimonials and paid actors who are lying for money. In fact, you can hire the actors used to provide fake video testimonials for between $5 and $10 from Fiverr.com.
Steve McKay, the fictional character also claims to have made millions using Bitcoin Code software over the past 6 months. However, upon further investigation, it is clear that the domain name was registered on June 19th 2017. At the time of writing this review it is now October, so it is clear that claims about profits earned are pure fabrications.
Bitcoin Code also promises you that you will be earning as much as $13,000 every single day, which translates to about $550 an hour. This is clearly an outrageous claim and simply not realistic. No broker, software, hedge fund, or bot in the world can promise you just winning trades. It is impossible for anyone to predict with certainty about what will happen to a given asset’s price at a particular time.
What Happens After Registration?
Once you fill in your details on the registration form on the Bitcoin Code website, you will be required to open an account with a certain binary options broker and fund it with at least $250. You can only use Bitcoin Code if you sign up with their affiliated broker, which is why it is easy to see that it is a scam. No details are provided about the broker, so it is impossible to confirm how legitimate the broker is.
Nothing about Bitcoin Code is looking good. It is a scam that does not deserve your time since its sole intention is to steal your hard earned money. The criminals behind scams such as this one just change actors, register new domains, create new websites, and promise amazing financial rewards without actually having to do something. However, the real world does not function like that and it is not possible to earn incredible sums of money without doing anything.
The truth is that binary options trading can be truly lucrative, but only if you do it right. Unfortunately, lucrative opportunities almost always attract fraudsters and liars such as the creators of Bitcoin Code. If you wish to make decent profits trading binary options, you should only rely on reputable and regulated brokers and ensure that you learn about how to analyze the market and try out different strategies on demo accounts first before you start trading with real money.