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Is Bitcoin Evolution a scam?
Is Bitcoin Evolution a scam?
Bitcoin

Is Bitcoin Evolution a scam?

By Marco Cavicchioli - 23 Mar 2020

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Is Bitcoin Evolution a system that allows earning money with cryptocurrencies, or is it a scam? 

First of all, it must be said that a lot of alleged automatic cryptocurrency trading software is being advertised, often with names similar to Bitcoin Evolution. They are all presented in a similar way, with a detail that already clearly reveals their nature: they promise significant gains in a short time, without effort and without risk. 

In reality, however, trading financial assets is always a risky activity, which can in no way guarantee effortless gains. In fact, by law trading platforms are obliged to publish data about the percentage of the number of accounts that are at a loss, and this percentage is often over 60%, if not 70% or even 80%. 

In the case of Bitcoin Evolution, or similar, this percentage is not published, so these platforms are definitely not compliant

As a result, it is advisable to stay away from those who propose any type of risky investment and hide the fact that it is possible to lose money. After all, if someone is already lying at first, it is very likely that they will continue to lie in the future. 

Moreover, cryptocurrencies are already high-risk investments in themselves, by adding the risk associated with trading, it is clear that automatic cryptocurrency trading programs should be considered as very high-risk tools, where losing is a rather likely eventuality. 

If this were not enough, there is another aspect that makes it clear that these proposals are not legitimate. According to the law in many countries, anyone who promises financial returns must obtain the approval of the appropriate authorities in order to offer the financial products to the retail market, and in the case of Bitcoin Evolution and the like, this approval is completely lacking. Therefore, their offering must be considered illegitimate.

Lastly, all it takes is a little common sense to understand that anyone who promises stratospheric returns without risk, without effort, and perhaps even investing very little, is definitely lying. 

At that point, the question that should always arise is: why do they do it then? Evidently, they earn something, which means that those who give money to them are simply handing them their own money, in exchange for nothing more than empty and improbable promises

Besides the fake testimonies that they publish on their websites, there are many real testimonies of people who say they have given them a lot of money, even several tens of thousands of euros, without receiving anything in return

Even the numbers that they publish on their platforms and that allegedly show the earnings, are fake, manufactured only to convince the naive. 

Therefore, the first thing to do is to stay away from those who lie, especially in the financial field, and secondly, it is always better to rely on common sense to avoid being scammed by those who are only capable of lying. 

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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