Bitcoin trading robot craze: The good, the bad, and the ugly
The world of
investments is filled with dangers and perils. The idea of getting rich quick through
investing is one that’s sadly part of our mainstream, and sometimes, this alone
is enough to blind people from what would otherwise be obvious scams.
The trading robot craze, sadly, is a part of this: You’re led to a website promising that, after investing some money, usually around $300, their trading robot will take over, manage that money by investing it in Bitcoin, and you’ll be making thousands of dollars a month. Some even promise over a million dollars within a year.
Naturally, these promises are false, and usually, there’s no robot. At best, you’ll find that it is like a pyramid scheme that’ll require you to refer more people for investing before you get paid.
Said schemes are also scams, in that the money isn’t really being invested – whatever money you receive is being taken from those you refer (and those they refer.)
Still, even when scams of this type are common, the question r…
The trading robot craze, sadly, is a part of this: You’re led to a website promising that, after investing some money, usually around $300, their trading robot will take over, manage that money by investing it in Bitcoin, and you’ll be making thousands of dollars a month. Some even promise over a million dollars within a year.
Naturally, these promises are false, and usually, there’s no robot. At best, you’ll find that it is like a pyramid scheme that’ll require you to refer more people for investing before you get paid.
Said schemes are also scams, in that the money isn’t really being invested – whatever money you receive is being taken from those you refer (and those they refer.)
Still, even when scams of this type are common, the question r…
