Last Updated on August 19, 2022 by Stephan Lindburg
Bitcoin Motion review. Today we will investigate a new Bitcoin Trading Robot named “Bitcoin Motion”. Bitcoin Motion is advertised as a “state-of-the-art” algorithmic trading software which buys and sells cryptocurrency contracts like Bitcoin, Ripple, and Ethereum on auto-pilot. But is that really the truth, or is Bitcoin Motion scam like most of the signal apps we exposed here on ScamCryptoRobots.com? At times the answer can be illusive, but this is not one of those cases. We believe that Bitcoin Motion is a cloned website and confirmed get-rich-quick scheme, and for that reason we have decided to blacklist this bogus investment platform in our detailed review and scam investigation.
We often find ourselves asking why scammers keep sticking to the same recycled template which has been used in countless other schemes. The answers vary from lazy to outright nitwit, but whatever the reasons may be the end result is always the same. In other words, they copy an old website, rename it, launch it, and then we expose it by showing our viewers how the scammers operate. Bitcoin Motion is no exception, and the trail of bread crumbs we found leads us directly to the same individuals who are usually responsible for orchestrating these types of con jobs.
Affiliate networks and media agencies are the entities behind scams like Bitcoin Motion. These crooks operate in tandem with unlicensed offshore CFD brokers in order to to entice unsuspecting victims and get them to invest money. When we registered to conduct our £250 deposit test, the broker which was allocated to us was named “Coin Central Invest”. This broker has a registered business address in Sophia Bulgaria, which happens to be one of the shadiest legal jurisdictions.
Bitcoin Motion Scam Complaints: We started receiving complaints related to Bitcoin Motion about a week ago, and since then they have been arriving on a daily basis. Most of these complaints are related to inability to cash out money from the account balance, but we also noticed some grievances about incessant phone calls as well as spam email which started to arrive about 24 hours after registering.
Overall, we are giving Bitcoin Motion a rating of 0 out of 5, and that is because all the evidence suggests to us that we are dealing with fraudulent software. If you are interested in finding out why we have reached this conclusion, we invite you to keep reading our Bitcoin Motion review. That is where we provide all the necessary explanations and proof of malicious foul play.
Official Website, Login Page, and Members Area: There are over 5 websites claiming to be “official” and they are all scam!
A Personal Message to Our Viewers Regarding Bitcoin Motion
If you have landed on this page the probability that you are being targeted by scammers is extremely high. Our monitoring systems are showing a spike in a new media campaign which is illegally using the name of UK business woman Deborah Meaden, as well as other members from the Dragons’ Den for promotional purposes.
This is a highly deceptive form of advertising (not to mention illegal), and we have allocated a separate section about it in the lower part of our Bitcoin Motion review. So please, try to remain vigilant and very alert when conducting your research. We really don’t want you to become the next victim of this latest scam.
- 1 Scam Evidence
- 2 Fake Bitcoin Motion Reviews
- 3 Bitcoin Motion Fake Celebrity Endorsements
- 4 What Is Bitcoin Motion And How Does It Work?
- 5 Bitcoin Motion Review, Sounds Too Good To Be True?
- 6 Bitcoin Motion Review: Emotional Triggers Used By Expert Marketers
- 7 Bitcoin Motion Special Settings, Strategies, and Indicators
- 8 Bitcoin Motion Review Continued: Duplicate Websites, Same Scam!
- 9 Is Bitcoin Motion Free?
- 10 Our Updated Checklist
- 11 Bitcoin Motion Cashier FAQ (Deposits And Withdrawals)
- 12 Bitcoin Motion Scam: General FAQ
- 13 Bitcoin Motion Bonus Structure
- 14 Bitcoin Motion Tax-Related Questions
- 15 Does Bitcoin Motion Have Anything To Do With Bitcoin Mining?
- 16 Tested Alternatives That Really Work!
- 17 Bitcoin Motion Review, Summary, Conclusions And Helpful Tips
OK so here we can see the Bitcoin Motion main registration area where they are telling you that you can be “the next millionaire”. Notice the man in the sales video. His name is Jake Tapper, and he is the chief political correspondent for CNN.
And right below we can see the same gentleman reading the exact same messages from his teleprompter at the CNN News studio in Atlanta Georgia. Only here we see him being used to promote other scams like “Bitcoin Trader” which is a part of this website production line.
Here we have the Bitcoin Motion testimonial section, and as you can see it is totally fake. These images are taken directly out of an image bank and used in a very manipulative and misleading way.
Fake Bitcoin Motion Reviews
The whole front page of Google is plastered with fake Bitcoin Motion reviews. The image below is an example of how these websites look like so you can avoid them. You can see that they are giving Bitcoin Motion an “excellent rating” and saying that they after testing the app has a 93% success rate on all trades. Obviously these are lies and the yellow button has an affiliate link on it. So if you click on that banner and register you will be tracked to a certain campaign and the affiliate who is selling you this rubbish gets to collect commissions from the CFD broker that accepted the client.
Bitcoin Motion Fake Celebrity Endorsements
To date, we have received one complaint regarding Bitcoin Motion and fake news articles, and it had to do with Martin Lewis AKA Money Saving Expert. We do however expect to see more of these types fake advertorial-types of schemes. It’s interesting to note that scammers usually stick to certain celebrities or wealth gurus which include the likes of Elon Musk, Richard Branson, Holly Willoughby, Daniel Craig, Peter Jones, Andrew Forrest, Jeremy Clarkson and many others.
Above we can see a screenshot taken from a recent fake news campaign which used Elon Musk. In the campaign Musk says that he invested $12 million in a new platform which he is now making available to “ordinary people” so they can become “wealthy”.
This fake news article was recently exposed in the UK Independent and then on Yahoo as a syndicated news article. There are quite a few fake review websites that try to bait you by saying that a certain celebrity “has been rumored to” use Bitcoin Motion and generate profits. If you see these kinds of reviews then just close the website and start searching for some genuine articles.
What Is Bitcoin Motion And How Does It Work?
Bitcoin Motion is advertised as an automated Bitcoin trading software and a community of “like-minded people” who have made a decision to take a small risk in return for massive gains. It’s supposed to work by implementing algo-trading protocols based on artificial intelligence.
Bitcoin Motion Review, Sounds Too Good To Be True?
The Bitcoin Motion scam is a run-of-the-mill crypto CFD (contracts for difference) scam. Similar to other services we have exposed in the past, it possesses all the qualities of a get-rich-quick crypto scheme. These include hyped up and exaggerated claims of easy money, fake testimonials, and utter lack of transparency.
The Bitcoin Motion website also uses the same recycled sales pitch about a having a 99.4% level of accuracy. The “time leap” feature is also used, and we can see that they are saying it “beats the financial markets by 0.01 seconds”. We have added a screenshot below to show you how the scammers are shamelessly copying the same texts verbatim and rolling out new scams on a regular basis.
This type of marketing tactic is commonly referred to as a “quick and dirty” production line scam, and to be quite honest we have to thank the con artists for using this template since it makes our job of exposing them that much easier.
Bitcoin Motion Review: Emotional Triggers Used By Expert Marketers
We have examined the scope of this phenomenon and conducted interviews with some of the victims which have been baited. There are some common denominators, however it is a common misconception that only blue collar or low-income individuals are susceptible to these types of schemes. We have spoken to engineers, lecturers, businessmen, and professors. It’s difficult to understand why intelligent and witty people end up getting trapped in this web of lies, but we did notice these common influencing factors.
Professional con artists understand that it’s much easier to trigger an emotional response as opposed to a logical one. However, when it comes to finance and investing, logic should be the only factor which dictates your decision-making process.
First and foremost, the allure of easy money is a very powerful motivating factor which appeals to most people regardless of their socio-economic background or level of education. Secondly, the idea of “beating the system” or finding a way to bypass traditional hurdles or obstacles related to making money is also evident. Finally, the idea that there is little or no risk involved is also critical in the decision-making process.
If you take all of these influencing factors and put them together, you get a very strong selling proposition which a lot of people can relate to on a sublime or instinctive level.
Bitcoin Motion Special Settings, Strategies, and Indicators
We have seen a few review websites which have allocated significant time to explain about how the settings work or how to use the indicators. Don’t believe it for a second! There is no signals dashboard, indicators, settings, or for that matter any way to manage or control your risk levels. In terms of leverage, they will offer you 1:1,000, but no one will tell you how dangerous leverage can be. Leverage is like a loan which most people default on and end up paying more than they initially invested.
Bitcoin Motion Review Continued: Duplicate Websites, Same Scam!
Very quietly the scammers have been working hard to position their “official Bitcoin Motion websites” in the top positions on various search engines such as Google or Bing. The duplicate website phenomenon is well-known and is used by online promoters in a highly misleading and manipulative manner. We have even added a screenshot below for you so you can see how these phony sites look like and hopefully avoid them.
In fact, there are quite a few cases where we see four or five websites claiming to be the “so and so” official website, and they all appear on the first page of Google. That is because media agencies with deep pockets use a variety of tactics which help them push their scheming little websites all the way up to the top spots of the search engines. However, smart investors always know how to conduct proper research and if you want a bit of training on that we can teach you.
Is Bitcoin Motion Free?
Absolutely not! It will cost you at least £/$/€250 to gain access to this fraudulent piece of rubbish, and the crooks who will be accepting your money are unlicensed offshore brokers. Don’t let anyone tell you otherwise!
Bitcoin Motion Regulation Check
Bitcoin Motion is an illegal trading app – period! There is no point in arguing otherwise as we have already checked and found out that this trading platform is not licensed or regulated in any way. Additionally, there is no patenting, ISO certification, or PCI compliance stamps. That means sensitive financial information is not stored in safe or secure servers. This makes perfect sense since we have received complaints that new members end up getting spammed and solicited from third parties or services they never registered for.
Bitcoin Motion is an illegal scheme. We will start seeing regulator warnings very soon, but by then it will be too late for most victims. Still, proper research will save you in most cases so take an interest. After all, its your money.
We also inquired with CySec, BaFin, FCA, and ASIC. There is not mention of Bitcoin Motion with any of these regulators, but we believe that it’s just a matter of time until Bitcoin Motion gets blacklisted there as well. We promise to update our review immediately if and when this happens.
Bitcoin Motion On Social Media
We have received reports that victims are being targeted on social media outlets such as Facebook, LinkedIn, and even on YouTube. According to one of our members from Sweden, someone with a fake profile messaged her and directed her to a private group where she was virtually assaulted by people with fake profiles who tried to convince her she is one step away from becoming a new bitcoin millionaire.
If you have been targeted in a similar manner, we ask that you let us know at once since this baiting method is becoming very prevalent with scammers.
Our Updated Checklist
We have a very extensive check list and criteria that we check when reviewing a product or service. The chart below represents a partial list intended to explain the type of information we look for, but for practical purposes it does not cover the full scope of our examination (there are just too many factors).
Customer Service Is Non-Existent!
Bitcoin Motion has no customer service. There is no way to reach them, not to mention a ticketing system or online chat. We tried using the contact form in the website but received an error message.
Live Versus Demo Trading
With one exception, there is no demo mode in all Bitcoin Motion versions of the website. But we checked and found out that the one which is offers demo mode is rigged. Meaning, when you trade demo you are always in the money and generating profits. However, when you invest real money you start incurring losses immediately. This is highly deceptive, and for that reason we are very suspicious of any service which offers demo trading.
Risk Management Features
We find it interesting that some fake review websites boast about this non-existent feature. There is no way to manage your risk, and to be quite honest allowing such a feature would be in a direct conflict with the policies instituted by the brokers who are handling your account. That’s because these cheaters want you to “go all in” and lose all your money quickly.
No back-testing of any kind was performed, and if it was we were not able to see the results. Backtesting is a type of trading strategy which utilizes historical data to simulate performance checks. All legitimate Forex apps have this data readily available.
Bitcoin Motion Cashier FAQ (Deposits And Withdrawals)
We found out that depositing with Bitcoin Motion is quite a simple task, however cashing out can be quite an ordeal. If you ever had the feeling of talking to the wall, this would be one of those cases. When we tried asking withdrawal-related questions we were deferred, delayed, and made to send the same documents numerous times.
Cashing out can be a very painful process when it comes to dubious systems like Bitcoin Motion. It’s always smart to record your conversations and try to ask specific as well as direct questions. If you don’t receive a satisfactory response avoid investing.
Bitcoin Motion Scam: General FAQ
These are some frequently asked questions associated with Bitcoin Motion.
Q: Are There Any Hidden Fees?
A: There are no hidden fees because they are not needed. The scammers just steal your money, period!
Q: Which Currencies Are Supported?
A: Major currencies such as USD, EUR, GBP, BTC, ETH, are supported as well as others. But this doesn’t really matter does it?
Q: Is Bitcoin Motion compatible with any of the crypto exchanges?
A: No. It isn’t and if someone tells you otherwise they are lying to you.
Q: Is the app mobile friendly?
A: In most cases it is, but again it doesn’t mean a thing since you will get scammed.
Q: Is my personal information protected?
A: No. It will most likely be distributed to third parties who will pay for it and you will be profusely spammed.
Q: Is it possible to unsubscribe from Bitcoin Motion?
A: You can’t. You may have to change your phone number and maybe even your mail.
Bitcoin Motion User Interface (UI)
There is no interface. New members are simply redirected to one of the cheating brokers which are associated with this fraudulent trading platform.
Do I Qualify For Investor Protection On Leveraged Trades?
No you don’t, and as we have already mentioned it’s in the interest of the brokers to provide you with as much leverage as possible.
Bitcoin Motion Bonus Structure
There are a few sneaky review sites that use slick charts and fancy graphic design to try and sell you an attractive bonus structure to go along with this phony trading robot. Bonuses carry trading requirements and if you don’t meet them you will end up losing your bonus as well as original investment. Don’t accept the bonus under any circumstances, it will just get you into more trouble.
Bitcoin Motion Tax-Related Questions
Please don’t concern yourself with taxes related to Bitcoin Motion. Taxes are paid on profits not losses, and since we already know Bitcoin Motion loses money, taxes are the last thing that should be on your mind.
|Bitcoin Motion At A Glance||Other Systems|
|Accuracy||This trading robot is rigged and set to lose.|
|Is The Bot Regulated?||No, it isn't. It's also totally anonymous.|
|Customer Support||It's impossible to reach anyone.|
|Demo Trading?||Demo trading is not available for new members.|
Does Bitcoin Motion Have Anything To Do With Bitcoin Mining?
Absolutely not! Bitcoin Motion has nothing to do with optimizing mining rash rates or any type of mining rigs. Some websites are trying to sell you these lies to make the app appear more credible, but this could not be farther from the truth.
Tested Alternatives That Really Work!
If you have been around you already know that most bitcoin trading apps are nothing more than scams designed to generate money for brokers and promoters. However, every now and then a new software is launched which for some reason catches our eye. That’s when we test it, and if it generates money consistently we add it to our recommended section. We’d like to personally invite you to take a minute and check out our exceptional trading apps.
Bitcoin Motion Review, Summary, Conclusions And Helpful Tips
The Bitcoin Motion scam software and fraudulent Bitcoin trading robot is merely another cloned website which promises to make you a millionaire overnight. For that reason we have decided to blacklist this dreadful signals app and advise our members to refrain from joining this program. Bitcoin Motion represents everything we despise about bitcoin auto-trading systems, and is a complete fraud. Should you have any additional questions or queries, please make sure to reach out and message us through our contact page. We do try to answer as fast as possible.