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Bitcoin Loophole: Why Be Wary About Choosing Trading Programs

June 2, 2018 by Susan Paige

Say, we have a character we will call Jane. Let’s imagine that she’s 37 years of age, married, a mother of two kids, and working part-time on a home-based job. She’s thinking where she’s going to invest her hard-earned money so it can grow into decent amount she can use to help her husband fund their children’s education and carry out other home improvement projects. Probably, she also wants some great escapade away from home just to relax and be with her loved ones. One more thing, she wants additional investments that she can tap on during retirement or when emergencies occur.

One day, a get-rich-quick offer was just too alluring for her to resist. She thinks that this is finally the best way to achieve financial independence. The offer is just too good to pass up. So promising! Cut long story short, she invests huge amounts on it, hoping to get even larger returns. Few months passed with all the positive hopes and dreams in mind—where they’d go on vacation next, how big that backyard pool should be, the designer bags for herself, and many other luxuries, only to find out she lost all her hard-earned money in an investment fraud, a downright scam!

Horror story, right? It might be a made-up one in this article, but hey, it happens in real-life, and if you’re not cautious enough, you might be next in line for trouble. So, why don’t you spend a few minutes reading this useful article on common online scams these days just for heads-up?

Why Some Think about Investing on Cryptocurrency Trading

As you’ve already probably learned, cryptocurrency is digital money generated from strong cryptography. The cryptocurrency trading market is decentralized in nature, meaning transactions are on a peer-to-peer basis. Every peer in the network keeps records of all the transaction history. Transactions in cryptocurrencies are usually cheaper and faster as compared to traditional financial institutions that have centralized authority over it.

Cryptocurrency trading could be a lucrative investment for some. It is a given actually. For sure, you well know that not everyone succeeds in a business venture, but some individuals really thrive and win. But why is cryptocurrency trading a promising one? For example, you can buy cryptocurrencies at a low price, but then, the price booms and you’re able to sell your cryptocurrencies in hefty amounts over time. That being said, you’re able to get huge returns.

The Emergence of Cryptocurrency Trading Robots

Because cryptocurrency trading can be a lucrative one, many have been thinking about investing on it for some time. However, the concept of cryptocurrencies can be too geeky for them. They’re too busy to do thorough research and analysis either. Some developers and companies have seen this need, and so, they came up with cryptocurrency trading robots which are computer programs that a trader can use to automatically trade cryptocurrencies. These computer programs don’t require anyone to have prior knowledge and experience on trading and financial markets. In short, it’s designed mostly for beginners.

One of the cryptocurrency trading programs available online is the Bitcoin Loophole which have gained a considerable amount of reviews. And because there’s too many of that already on the internet, let’s just talk about why you should be wary about choosing cryptocurrency trading programs. So, it would actually be your job to look up a certain trading software on google, including Bitcoin Loophole, to see whether it should be trusted or not. In the end, you need to make an informed decision for yourself. And because a lot of people out there get scammed every day, you should be extra careful in making your financial decisions.

Why You Need to Be a Bit More Skeptic

The answer is easy. Of course, it’s your resources and safety at stake! To avoid the needless disappointment, headache, and financial problems, you need to ask questions. Lots. Of. It. Because, how can you be sure who is honest these days?

And because you deserve to know the other side of the coin, here’s what others say about bitcoin loophole: https://www.binaryscamalerts.com/bitcoin-loophole-review-scam/

Well, here’s why you should think twice, no, more than ten times even, whether to use that cryptocurrency trading robot or not.

So, you’re a newbie in the market? For sure, you’re the target.

Who are easily victimized by crooks: kids or adults? Most likely, kids. Why? They lack experience. They lack knowledge. They are too trustful. Sad to say, even us, adults, can still act this way. That’s simply because we don’t have enough information and experience about everything. A new concept can be totally strange to us. And so, because we’re like blindfolded individuals venturing on something new, many bad guys out there might prey on us. They would fool us and make us believe that their system will make us rich without lifting a finger. Huge promises. Impressive? So, are you trusting now? Like a child being lured away by a bad stranger, you might fall into the deathtrap—a downright scam!

Something that’s too good to be true might just be too good to be true.

Let’s talk about that getting rich without even sweating it out or lifting a finger. What’s more, in just a short span of time. And when you say “short span of time”, it can really be as short as few months, or even a month. Is there really something like that? Even business owners have to wait several years to see their business gaining real profit. So, why rush like that?

When someone says you can get rich in as swift as that, better ask, “Really? But how?” And when you get an answer that sounds too vague, sounds too illusive, too jargonized without even simplified version, well, you probably should start doubting and start asking another question: “What’s the catch?”

Also, notice those awesome reviews? Do you even know if they’re real people? Or maybe more like fictitious characters?

Tell you what, con artists would do all they can to gain more and more money no matter what it takes.

Okay, you might have not yet deposited a huge amount of money, but do you mind having an avid phone pal?

10 calls per day from a company you’ve signed up with can be just too time-consuming and annoying. No doubt, that can be labeled as spamming, especially, if you didn’t even get a heads-up prior to that. Most likely, they’re just overly workaholic trying to convince you to bite on the bait, and that’s when they’re going to reel you in and squeeze out all the hard-earned money that you have.

Malware and phishing scams—who would ever wish for that?

In addition to the 10-calls-on-average per day, you’ll also get tons of emails with links to .exe files containing malwares that can be easily installed on your computer. Plus, the links to phishing scams that aim to get your personal information including your credit card information. And what’s next? The next thing you know, someone has already access to your credit card.

Cryptocurrency trading programs need to be carefully researched. Don’t just read the good ones, but read some negative ones, too. If you have big doubts about a certain software, don’t push through. Better be safe than sorry.

 

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