What is Bitcoin Rush?
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Well it's like a gold rush isn't it? It is where lots of people rush to a certain place and dig-up lots of Bitcoins, right? Just like with California where the Mexicans sold it to the USA the year before they discovered it was full of Gold and Silver. Isn't that what happened? I think the Mexicans sold it to the USA in 1849 and the Gold Rush began in 1850, so it was very, very lucky!
So presumably we need to get to California and dig up all of the Bitcoins before the Chinese beat us to it, is that right?
How Can We Tell Bitcoin Rush is a Scam?
Well in reality, Bitcoin Rush appears to be something else. When you look at their site at https://bitcoin-rush.org/ it has some disclaimers in small print at the bottom that perhaps may give us a clue about what this website actually does:
REGULATION & HIGH-RISK INVESTMENT WARNING: Trading Forex, CFDs, and Cryptocurrencies are highly speculative, carry a level of risk, and may not be suitable for all investors. You may lose some or all of your invested capital. Therefore, you should not speculate with capital you cannot afford to lose. It's your obligation to check and decide whether the broker you were connected to applies to all local rules and regulations and is regulated in your country's jurisdiction, and is allowed to receive customers from your location you are in before you fund your account with the broker and start trading with it. Note that the content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. We are required to tell potential investors that our software's past performance does not necessarily predict future results. Therefore you should not speculate with capital you cannot afford to lose.
So the first thing to bear in mind here is that this website is not offering a service that is particularly connected with Bitcoin or even cryptocurrency in general. It if offering CFD options trading, which is a complex trading method. A CFD or Contract for Differences, is a contract that you make with a broker where you are speculating (estimating the future value of and staking money on that estimate) upon the value of something. So in the case of Bitcoin you might be speculating that it will drop by $500 USD over the next week and take out a contract for that difference in value with the broker. One of the recurring features of CFD trading is leveraging. What leveraging means is that the broker multiplies everything you do by 100 times or 1000 times, so that you stake fifty dollars, but in reality you are risking the effects of staking $50,000 USD and you will have to pay if you get that bid wrong. In other words you are risking money that you do not necessarily have. You are risking your life savings and you may not even realise it. It is because of this that CFD options trading is illegal in many countries as it is often used to defraud an unsuspecting public.
USA REGULATION NOTICE: Option trading is not regulated within the United States. Bitcoin Rush is not supervised or regulated by any financial or U.S. agencies. Any unregulated trading activity by U.S. residents is considered unlawful. Bitcoin Rush does not accept customers from the United States or hold American citizenship.
Here we can see an example of what we were just discussing. The CFD trading laws in the US prohibit any soliciting of CFD products and therefore this https://bitcoin-rush.org/ website should not be visible in the US. They are getting round this problem by stating that it is your responsibility (the reader) to make sure that these activities are legal in the country in which you reside. This seems unnecessary though as this website does not adhere to the trading or advertising standards of any country that we have ever heard of. These sites are made by lying criminals who do not adhere to any law or moral code.
SITE RISK DISCLOSURE: We do not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes, and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading Forex, CFDs, and Cryptocurrencies may not be suitable for all investors. We do not retain responsibility for any trading losses you might face as a result of using the data hosted on this site.
Here they are explaining that they know you are being defrauded and they are taking a percentage, but that somehow none of this is their fault or responsibility in any way. Even though they made up all of the lies that is going to separate you from your money, they hold no responsibility or guilt. They are jut an advert, and even though they lied about everything, it is not their fault. This is the sign that we are dealing with hardened con-artists.
LEGAL RESTRICTIONS: Without limiting the undermentioned provisions, you understand that laws regarding financial contracts vary throughout the world. It is your responsibility to make sure you properly comply with any law, regulation, or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations, or directives relevant to your country of residence. Please note that we do receive advertising fees for directing users to open an account with the brokers/advertisers and/or for driving traffic to the advertiser's website. We have placed cookies on your computer to help improve your experience when visiting this website. You can change cookie settings on your computer at any time. Use of this website indicates your acceptance of this website's Privacy Policy.
This is a just a short message explaining where this website fits into the con. It is an affiliate website, taking a fee for every victim they find for the scammers. They simply spread lies on behalf of the con-artists so as to take a percentage of the fees defrauded from victims. They do not have the balls to steal for themselves, they just lead the prey into the kill zone with their lies. This con has been around forever and all that has happened is that it has moved out of dark alleyways and onto the internet. Now the name of the vulnerable looking little girl is https://bitcoin-rush.org/ and the cutthroats are known as CFD brokerages.
Watch out for this alleged service for increasing your personal wealth. We have looked into the site and can confirm that the promises being made are nonsense and that these people offer no service that allows you to invest in cryptocurrency, just deal ForEx CFDs which are illegal in the USA, and a great way to lose all of your money.
Should I Sign-up with Bitcoin Rush?
Do not register with this service as you will be inundated by phone calls harassing you to invest more and more money.
​They feature images of many of the most popular cryptocurrencies on the site, but you will not be trading any of these in reality, just speculating on their future prices. Speculation is highly dangerous and is used as a way of making you think you lost your money in a bad trade, but actually it was just stolen the old fashioned way.
Some of the Crypto Currencies Bitcoin Rush cannot trade...
These companies all use the same fake trading interface to defraud people and leaving them thinking that they just lost their money to a bad decision, nut actually the interface is not really connected to any markets and is under the control of the
https://bitcoin-rush.org/ boiler room scammers all along.
What Does Bitcoin Rush Claim?
Well the https://bitcoin-rush.org/ website claims quite a lot, for starter it claims that:
Bitcoin Rush is a beginner-friendly BTC crypto trading system. We have helped tens of thousands of our clients gain financial freedom through BTC trading. You could generate a good money daily by depositing as little as $250 with us. The daily return could quadruple within weeks of compounding your profits.
So the language here is very charitable in its manner. It is essentially suggesting that this technology is some sort of non-profit organisation (it is a .org domain after all) here to save people from having to work or produce anything. That even without any kind of skill or knowledge you can safely make money without doing any work and everybody wins. It is claiming that work is for the stupid and that no one should have to do any. It is offering free money which means one thing and one thing only, it is a scam!
But they're not done yet:
Bitcoin Rush trading ecosystem is powered by blockchain to ensure transparent and seamless transactions. Moreover, we work with tier-one brokers in over five jurisdictions. These brokers are our bridge to our clients and the markets. They adhere to measures such as deposit segregation to ensure a safe trading environment.
So they work with brokers, which is interesting as it means that we are being sold something that makes money out of CFD brokers who are their partners? Something is seriously wrong. CFDs are not products that make money from companies like stocks or shares, they are speculative products which means that either the broker is paying you, or you are paying the broker. There is no other money in this system. So if we are trading CFDs (which we definitely are according to the disclaimers at the bottom of the page) then these people partner with brokers that their software repeatedly defrauds, and these partners are OK with that. This is not sustainable, so it cannot be true. That must mean these people are lying, and so they are scammers!
Bitcoin Rush is license-free and available in over 165 countries. Anyone can sign up and trade with us provided they deposit at least $250 in trading capital. We allow up to 10 free withdrawals per month. Any withdrawal after that may incur a 1% fee. You can withdraw up to $50,000 per transaction.
This is just complete nonsense. Bitcoin Rush cannot be license free if it makes free money. It would be the most heavily licensed thin in the whole world if it were true. Do they really expect us to believe that the FBI and CIA would calmly stand around while they gave away free money the world over? The balance of power would shift away from the US and they would be unable to contain the backlash and the world economies would collapse. This is without doubt, one of the stupidest paragraphs currently in existence on the internet. You might as well claim you were giving away life-sized robot replicas of Mila Kunis for free that were indistinguishable from the real person. It is just plain stupid.