Bitcoin and cryptocurrency have gained a lot of attention and interest from people around the world. It’s not uncommon for people to want to learn more about this new technology and how it works. However, it’s important to be cautious when exploring this space, as there are many scams and fraudulent companies trying to take advantage of people’s curiosity about Bitcoin and cryptocurrency.
One such company is Bitcoin Future, which claims to offer an easy, fast, and reliable way to become a millionaire through Bitcoin trading. However, the truth is that Bitcoin Future is not reliable at all, and is in fact a scam. In this article, we will explore what makes Bitcoin Future a scam, and provide information about Bitcoin, cryptocurrency, and trading to help you stay informed and avoid falling victim to scams like this.
What is Bitcoin Future?
In summary, Bitcoin Future promises:
- expert advice and assistance,
- the potential to make millions quickly,
- no need for prior knowledge, and
- large sums of money deposited directly into your account.
While it may sound like a dream to earn thousands in just a few days, it’s important to question whether these claims are true and if Bitcoin Future can be trusted. The answer is no – even if some reviews claim otherwise, Bitcoin Future is a scam and should be avoided. It’s not enough to just know that something is a scam; it’s important to understand the reasons why. Below are concrete details about why you should not trust Bitcoin Future.
How Bitcoin Future tries to trick you
The scam uses fake endorsements and testimonials, as well as fabricated claims about the potential returns you can earn through their platform. They may also use pressure tactics, such as claiming that the opportunity to invest is limited or that you need to act quickly to secure your spot. In reality, there is no real investment opportunity and the only purpose of the scam is to take your money. The scammers behind Bitcoin Future may also try to gather personal and financial information from you, which could potentially be used for identity theft or other fraudulent purposes. It is important to be aware of these tactics and to avoid falling for them. If you are considering investing in Bitcoin or any other cryptocurrency, be sure to thoroughly research the company and the investment opportunity and never provide personal or financial information to anyone you do not trust.
Bitcoin Future’s bogus grahps, images and statistics
When you visit the Bitcoin Future website, one of the first things you may notice is a graph that appears prominently on the page. This graph is meant to give the impression that the platform is complex and sophisticated, which may make you feel like you don’t fully understand it. However, the truth is that the graph is just an image and serves no real purpose. It’s a common trick used by scammers to deceive and convince potential victims. Similarly, other images and graphs on the site are meant to mislead and persuade, rather than provide any real information. Keep in mind that the way Bitcoin Future presents itself may be very different from how it actually operates.
Bogus statistics
Another red flag to watch out for is how Bitcoin Future uses misleading statistics and strategic percentages to make their offer seem more appealing. They claim that their algorithm has a “success rate” of 94.5% for completed transactions. This is completely false, and lies. Furthermore, this number is a tactic often used in marketing to make a claim seem more credible. In fact, a percentage like 94.5% can seem more believable than a round number like 95%. This should raise suspicions that Bitcoin Future is trying to deceive you, and is further evidence that they have nothing of value to offer. Be wary of any company that uses such tactics and be sure to do your own research before investing.
Fake celebrity endorsements
It’s worth noting that Bitcoin Future also employs the common tactic of using celebrities in their advertisements to make you feel more comfortable and trusting of their platform. For example, they may use a well-known figure like Tom Hanks to give the impression that he endorses their service and has made a lot of money using it. However, Tom Hanks has publicly stated that he has no involvement with Bitcoin Future or other similar Bitcoin services. This should raise suspicion about the credibility of Bitcoin Future and their motives for using celebrities in their marketing. It’s clear that they are trying to appear trustworthy and credible, when in reality they are not.
“Simplicity”
One of the things that may attract people to Bitcoin Future is the simplicity of their platform. They present information in a straightforward way that may make it feel like you understand everything, even if you don’t really. Additionally, when you communicate with them over the phone or through email, they have a talent for making everything seem easy and risk-free. They may tell you that an investment is almost certain to result in large profits, and before you know it, you might agree to invest your money. However, it’s important to be aware that this simplicity and smooth talk may be part of the scam and not a genuine investment opportunity.
The scamming process
1. Easy registration: Signing up for an account with Bitcoin Future is very easy. When you visit their website, there is only one button to click to start the login and registration process. All you need to do is provide your name, phone number, and email address. However, once you submit your information, you may begin to receive calls, emails, and other forms of communication from Bitcoin Future trying to persuade you to invest.
2. Persistent communication: After you provide your contact information, Bitcoin Future may call, email, or try to get in touch with you in any way possible to try to convince you to invest. They may be pushy and persuasive, and may even use different phone numbers to try to contact you. They may not take “no” for an answer and may continue to try to reach you until you agree to invest.
3. Minimum deposit: Bitcoin Future may try to persuade you to invest a minimum of €250, or even more if possible. They may try to make this amount seem reasonable by first asking for a higher amount and then lowering it to the minimum deposit. They may also try to convince you that investing more will allow you to get rich faster.
4. Easy deposit: It is very easy to make a deposit with Bitcoin Future, as they want to get their hands on your money as quickly as possible. You may receive an email with instructions on how to make a deposit, and they may offer various payment methods such as debit card, PayPal, or bank transfer.
5. Persistent communication after deposit: After you make a deposit, Bitcoin Future may continue to try to contact you and persuade you to invest more. They may sound friendly and accommodating, but this is part of their scam to make you feel comfortable and willing to pay. If you don’t respond, they may start the process all over again with more persistent communication.
6. Loss of money: Once you make a deposit with Bitcoin Future, you may never see that money again. They may come up with excuses for why your investment didn’t work out, but the reality is that they are just trying to take your money and have no intention of providing any real investment opportunity.
How to protect yourself from the Bitcoin future scam
Here are some steps you can take to protect yourself from the Bitcoin Future scam:
- Do your research: Before investing your money, it’s important to read up on the company and the investment opportunity. This can help you identify red flags and avoid scams.
- Be critical of sources: Be wary of fake reviews or endorsements that speak highly of a company that is not trustworthy. Instead, look for reviews and information from reliable sources.
- Watch out for celebrities: If a company uses celebrities in their advertisements, this may be a tactic to make you feel more comfortable and trusting of their platform.
- Be cautious of ads: Ads that seem to come from well-known websites or publications may be part of a scam.
- Look for similar customer reviews: If customer reviews seem too similar or fake, this may be a sign of a scam.
- Be wary of promises: If a company promises to make you a lot of money in a short period of time, this may be too good to be true and could be a scam.
Choose trusted companies: To be safe, consider using reputable companies that are regulated by financial inspectorates, such as eToro.
By following these steps, you can protect yourself from scams like Bitcoin Future and make informed decisions about your investments.