Last Updated on August 18, 2022 by Alex
Bitcoin Motion Review and Investigation. Is Bitcoin Motion Scam or Legitimate Trading Software?
Bitcoin Motion is the latest in a long line of automated Bitcoin trading scams is generating a lot of buzz these days. You might have seen advertisements or social media posts referring to “Bitcoin Motion,” a website that claims to offer automated cryptocurrency trading for beginners. The idea is that you simply leave the app running, and it makes you money 24/7, but can that really be true?
OK so the answer is a resounding no. Bitcoin Motion is yet another cryptocurrency scam like the countless others we’ve seen come and go. There are no algorithms, there are no certifications or documentation of any kind, every last bit of information in their advertisements and social media is false. If you believe you’re going to get rich quick investing with Bitcoin Motion, you’re in for a very rude awakening.
Instead of losing your own hard-earned money for no particular reason other then curiosity, you can read our detailed Bitcoin Motion review. We’ll explain how this fake app works, the key signs that let you know it’s a scam, and what you should be looking for in any legitimate investment opportunity. Oh yes, we completely forgot about aspects relating to corporate social responsibility. But have no worries, the scammers forgot about those as well.
How Can You Be So Sure That Bitcoin Motion Is a Scam?
To put it simply, we’ve seen this type of website dozens of times before. It seems to be the same group of scammers recycling what is essentially the exact same template time after time. We’ve seen the same claims, advertising strategies, and methods from countless other offers that have simply changed their names and put up a copied website.
Official Bitcoin Prime Website, Login Page, and Members Area: There are 7 (seven) websites and they are all claiming to be the “official trading app”
Take a quick peak at the image below. It is the Bitcoin Motion main website and registration area. Notice the part where they say “Bitcoin Motion is Making People Rich”. We also want you to look at the man in the sales video. His name is Jake Tapper, and he is the CNN Chief Political Correspondent. This person is a well-known and recognized individual. Unfortunately, he is being used to promote crypto scams.
What makes these types of Bitcoin systems different has to do with the fact that their extensive monetization tactics are based on affiliate marketing and offer no intrinsic value. The fishy CFD brokers need some way to drive victims towards their service, and they’ve outsourced the job to professionals. Affiliate marketers develop fake news stories, phony celebrity endorsements, and other content that you see on social media to lure in victims.
Once you get to the website, you’re pushed to make an initial investment of £250. If you do, then the scammers simply keep the money. What’s worse, they’ll react quickly to having someone on the hook and will aggressively pressure you for more. You’d be surprised how many times that £250 initial deposit evolves into thousands of pounds in losses due to highly aggressive persuasion tactics which are fueled by greed and lack of financial knowledge.
Bitcoin Motion Scam: Complaints Continue Rolling In
Get-rich-quick schemes like Bitcoin Motion usually go unchecked early in their cycle. Instead, we rely on complaints and concerns from real victims to bring these operations to our attention. Bitcoin Motion is among the newest such scams to have arisen, with a recent slew of grievances coming in over denied withdrawals and even harassment.
These types of complaints are the most significant indicator our staff can find about any potentially fraudulent online investment schemes. Some people have already become victims of this con, losing their money and being unable to get it back. What’s worse, many of these cases report excessive calls following their registration, constantly pushing for more deposits and leaving them with no peace at all.
Bitcoin Motion Fake Celebrity Endorsements
If you’re reading this review, you must have found it after seeing a fake add or advertorial. Chances are you saw the name of this software and searched “Bitcoin Motion review” to find out more information. It’s a good thing you’ve exercised due caution because you’ve come dangerously close to becoming a victim of this Bitcoin scam.
The ad or social media post you first saw Bitcoin Motion mentioned in was put there by fraudsters in order to lure you in. If you’re still hesitant and believe the falsified statements, you should understand that the information being presented in the ad is not real. They’ve particularly focused on celebrity endorsements from celebrities related to Dragons’ Den, This Morning, and other UK programs. None of these endorsements are real. We have added a screenshot of the fake Dragons’ Den news article above so you can see how it looks like and why you should avoid clicking the links inside. We’d like to send @mwnciod a special thanks for bringing this to our attention.
Pro Tip: Scammers are notoriously known for using fake celebrity ads to promote their schemes. Make sure to conduct proper research as it will surely save you a lot of grief!
Additionally, you can find countless fake news stories about international celebrities like Elon Musk and Phillip Schofield making big money with Bitcoin Motion. There are also fake stories focusing on the UK, Canada, and Australia with national figures like Daniel Craig, Holly Willoughby, Andrew Forrest, and Celeste Barber.
Fake news is one of the most effective tools for bringing in new victims. Almost any cryptocurrency celebrity endorsement you see online is fake, and if you search for confirmation of those articles, you’ll often find real news about the celebrities speaking out against the scams.
The Key Signs That Bitcoin Motion Is a Scam
The best way to understand Bitcoin Motion is to take a closer look at the dodgy website they managed to put together. The deception starts from the very beginning, with a number of falsified elements that try to make the scheme look legitimate.
The most prominent is an embedded video that looks like an official report from CNN, which is, in fact, a brief montage of soundbites about Bitcoin in general. It features clips of celebrities like Richard Branson and Bill Gates discussing the merits of Bitcoin. Nobody in the video mentions Bitcoin Motion because the scammers have stolen and repurposed the footage from completely unrelated interviews.
You can find this same video on countless other Bitcoin schemes we exposed previously on our website, all of them are trying to pull off the same trick. They all use the same content and the same layout. The reason behind this is that these fake services are being run by the same people.
As can seen above, these ghastly websites further feature a number of supposed testimonials from users, claiming that they’ve made lots of money from Bitcoin Motion. However, these stories are simply made up. The images they use are all just stock photos found online. No one using Bitcoin Motion would in their right mind provide anything like a positive testimonial.
Countless Fake Bitcoin Motion Reviews Skew Search Results
One of the most dangerous ways that scammers keep victims coming to their websites is by flooding the internet with fake reviews. When you search “Bitcoin Motion review” on Google, you’ll find dozens of pages with positive reviews. However, these are all fake and have been put there by the affiliate networks and media agencies that refer clients to unlicensed CFD brokers.
You’ll notice that all of these reviews feature a link to Bitcoin Motion very prominently because they’re advertisements, not reviews. These fake reviews are a major threat to potential victims who could take the time to investigate Bitcoin Motion and still not find out that it’s a scam.
What Is Bitcoin Motion And How Is It Supposed To Work?
Bitcoin Motion presents itself as an automated trading app which takes the guess work out of cryptocurrency trading. It’s claimed that you can invest through the app and generate huge profits at minimal risk thanks to advanced algorithmic trading protocols and artificial intelligence (AI). The cheaters also present the Bitcoin Motion scam as a community, often emphasizing how exclusive and elite the opportunity to invest with them is. Sadly, none of that is true.
Bitcoin Motion Review. Fool’s Gold Or Legit Trading App?
Once you actually register with Bitcoin Motion, it becomes very apparent that you’re dealing with a contract for differences (CFD) scam. CFDs are a derivative asset, so that means no cryptocurrencies ever actually change hands. Legitimate cryptocurrency contracts can be traded in a safe and secure manner, but that’s not what’s happening here!
The scammers manage to keep their scam running by promising absurd gains with no experience or effort needed. Attempting to verify any of this information is impossible, thanks to the complete absence of any transparency.
Many of the claims that these liars make are completely absurd. They say that they beat the financial markets by 0.01 seconds. In reality, top firms spend billions of dollars developing new technology to get a millisecond advantage. These charlatans understand that when it comes to trading “fast is good”, but simply saying trade execution is fast won’t cut it.
There is no back-testing of any kind, there is no comparative statistical data, nothing which resembles indicators, no risk management features, and there is nothing which explains how the actual strategies work (or don’t work in this case).
The repetitive claims about a “cutting edge” technology, accurate signals, and guaranteed profits are recurring motifs that are used throughout the many different schemes which resemble Bitcoin Motion. In fact, they often use the same text verbatim. Based on these facts, we now know that Bitcoin Motion is part of a larger “production line” of fraudulent websites which constantly rolls out new websites once the older ones are exposed.
|Bitcoin Motion||Comparative Data|
|Licensed / Regulated||Absolutely not|
|Free Demo Account||One provider offers demo, however it is rigged.|
|App Reliability||It's not reliable.|
|Customer Support||There is no customer support.|
Bitcoin Motion Toys With Victims’ Emotions
Most people think they aren’t likely to fall for scams, but there are a wide variety of tactics that can be applied to individuals from any background. The people behind these phony investment schemes know what they’re doing and have spent years developing and refining the tactics they use to attract new victims.
The promise of quick cash is one that appeals to a very broad range of people and can lead individuals who are typically quite reasonable to make poor decisions. This is further compounded by the supposed “exclusivity” of Bitcoin Motion. They make people think they’ve found a secret, some exciting new way to get ahead. This can be just as much a driving factor as the money itself.
This kind of emotional manipulation is common across all kinds of financial schemes. Whenever you make a decision about an online investment opportunity, you should think carefully and look for any signs that you’re being manipulated.
Carbon-Copy Bitcoin Motion Website Duplicates
Unfortunately, these types of websites continue to bring in significant money from new victims every day. The huge amounts of money which is generated by defrauding these unsuspecting victims means that the con artists now have big advertising budgets. In many ways this type of operation functions just like a successful, legitimate business. This makes it even easier and more cost-effective to advertise around the internet and also secure top search engine rankings by hiring people who can generate high-quality (yet deceptive) content.
Not only are the same tactics being used for different campaigns, but there are also diverging websites which answer to different marketing requirements. You can get access to Bitcoin Motion through a variety of websites, each claiming to be the “official” one. These websites fill up search rankings and push out any potential warnings you might see about them. So it’s important to seek information from credible financial websites, and avoid ones that endorse everything. It’s simply not possible that EVERY system out there is good. In fact, the exact opposite is true.
Is Bitcoin Motion Regulated? Absolutely Not!
When you find a new investment opportunity, the very first thing you should do is check to see if they’re licensed and registered to provide financial services in your region. If they aren’t, then you know they’re already breaking the law just by offering you the investment opportunity. You should never invest with an unregulated broker or other financial services provider.
Bitcoin Motion is not registered with any financial regulator. Despite providing their website in Dutch, German, and English, they are not registered with the Netherlands ’ AFM, UK’s FCA, or Germany’s BaFin. They aren’t registered anywhere else either, not with CySEC, ASIC, FSCA, or even any of the less reputable regulators you can find in certain regions.
What Bitcoin Motion Does and Doesn’t Have to Offer
We looked closer into some of the features that Bitcoin Motion claims to offer. Many of these are features that you would commonly expect from even the most basic brokers, but Bitcoin Motion completely fails to deliver.
Settings and Strategies
Bitcoin Motion promises a variety of indicators, signals, and so on. They say that you can adjust the automated trading settings based on these factors, but you can’t. There are no options to do so, and they don’t offer the kind of flexibility that they claim to.
Bitcoin Motion also claims to offer extremely high leverage. Leverage typically allows traders to capitalize on small price fluctuations by multiplying potential gains and losses. Financial regulators limit leverage to certain asset classes and won’t allow for leverage beyond 1:30. Bitcoin Motion promises leverage of up to 1:1,000, an extremely dangerous rate that could cause any trader to take on massive losses quickly.
Customer Service (Non Existent)
Any reputable broker will be easy to reach through a variety of different methods. This service is not reachable via phone, email, or any other way. They do not want to hear from you regarding your complaints. They already know that you can’t withdraw any money, and they intend to keep it that way.
Demo modes are a useful tool for getting to know a broker or platform before committing. They let you trade with demo funds to see how your trades would have panned out. Bitcoin Motion does, in fact, offer a demo mode in one version, but it only shows you made-up values that aren’t based on actual markets. Basically, they’re just taking the opportunity to further deceive any potential victims.
Risk Management Tools
Automated trading is a real thing that many expert traders use as one of their tools. Real automated trading provides you with many ways to manage your risk, but this trading platform has none of these. There are no ways to change your risk preferences and tolerances. You’re just sending them money which disappears very quickly.
Deposits and Withdrawals With Bitcoin Motion (Cashier)
Making deposits with Bitcoin Motion couldn’t be easier because the scammers don’t want any hurdles when you’re giving them money. Withdrawing, on the other hand, is practically impossible. When you find yourself unable to withdraw funds, the cheaters will provide you with a wide range of made-up reasons which explain why you have not qualified for a withdrawal.
They have no intention of giving you your money back and are only stringing you along in the hopes that you might send them more money in the future.
Bitcoin Motion uses what we refer to as “Deposit Only” brokers. That means your money goes into your trading account and stays there. Good luck trying to withdraw funds, your account will be frozen on the spot.
Promised Bonuses Lure Victims to Bitcoin Motion Scam
Like many other investment scams, Bitcoin Motion claims to offer a variety of bonuses. However, these are just another part of how they justify withholding funds. When investors accept a bonus, they agree to a variety of obscure terms that make withdrawing any money at all difficult. While it might seem reasonable to restrict people from just withdrawing the bonus, they instead restrict all funds.
Bitcoin Motion Elon Musk
We have recently spotted a fake news article which claims that Elon Musk has invested $12 Million in a new trading platform which makes “ordinary people rich”. This article was originally exposed on the Independent News Paper in the UK, and then picked up by Yahoo Finance.
We have added a screenshot of how the article looks like for you and how the scammers encourage you to invest money so you can “become the next millionaire”.
Bitcoin Motion’s High-Tech Nonsense
Many investors don’t have a very solid grasp of the technical side of Bitcoin and other cryptocurrencies. They understand “buy low” and “sell high” but don’t know anything about blockchain, mining, or optimal market contract rates. This lets the crooks market their schemes using a nonsensical mix of technical terms that investors won’t fully understand.
Some of these claims are about how the app takes advantage of these technical factors to provide an exclusive edge in Bitcoin trading. These claims are false, and the tricksters are hoping that their victims don’t have the technical understanding to identify their lies.
So Where Can I Invest Safely Online?
It’s clear at this point that Bitcoin Motion is just another lie and made-up service that should be avoided. But if you’re looking for online investment opportunities, you still need to find one that is tested and actually generates consistent profits.
There are new opportunities popping up every day, and it can be difficult to tell which ones you can trust. So we have actually done the research for you and added a few apps to our recommended systems section.
Again, you should always check to see if online investment opportunities are legitimate or not and see what kind of reputation they have online. Our reviews can help you do just that.
Bitcoin Motion Review, Conclusions, and Helpful Tips
The Bitcoin Motion scam is just the latest in a long line of fraudulent Bitcoin websites which we blacklisted. We can’t stress strongly enough that you should have nothing to do with Bitcoin Motion. You will lose any money you invest, and that’s a fact. We lost our £250 in a matter of minutes so our findings are real and not based on conjecture or assumptions. No matter how tempting the promises of huge profits and automated trading can be, Bitcoin Motion simply can’t deliver on any of their promises.