Providers such as Bitcode Method advertise with tempting offers. Information about the reliability of the platform for trading cryptocurrencies is scarce
These are the promises made by Bitcode Method
Bitcode Method is a fully computerized cryptocurrency trading bot. The Bitcode Method platform uses AI-powered technology to develop a trading strategy for you. Using automated processes, the tool trades cryptocurrencies for you.
- Bitcode Method is particularly enticing because the platform promises to make trading as effortless and efficient as possible for you. The company has set itself the goal of trading on the crypto market for you. With an intuitive user interface, Bitcode Method is suitable for both novice and experienced traders.
- With complex algorithms and the use of artificial intelligence, Bitcode Method analyzes the market for you. Trading decisions are calculated on the basis of the data collected. The organization promises you high profitability
- This is what the platform promises. However, there are news portals that suspect fraudulent intentions behind Bitcode Method. However, it often takes time for criminal machinations to be uncovered
Bitcode Method: Serious company or Ponzi scheme?
Bitcode Method promises big profits. However, there are concerns about the seriousness of the company. Numerous fraudulent platforms are circulating on the Internet. These exploit the hype surrounding cryptocurrencies to deceive unsuspecting investors. Cryptonews calls Bitcode Method a scam. However, there are also other voices that classify Bitcode Method as reputable.
- If there is a Ponzi scheme behind the company, some of the money is actually used to pay those who joined earlier. This maintains the illusion that the scheme is actually making payouts
- In fact, in a Ponzi scheme, the first users can earn some money. This only works at the expense of a large number of new entrants, who inevitably lose money instead.
- So-called pyramid schemes pay the first participants a share of the money. This comes from new users. When the influx of newcomers stops, there is no longer enough money to pay the first participants. This leads to the pyramid collapsing
- All pyramid schemes inevitably collapse. This results from the fact that at a certain point no more new arrivals are added. For several years, such criminal schemes have been brought to light and it is also possible that the fraudsters are more or less the same and occasionally invent a new name. This allows them to start the Ponzi scheme from scratch.
- On coincierge.de, on the other hand, there are statements that Bitcode Method is a reputable provider. The software is praised for its use of advanced technologies and analysis tools. These scan the crypto market and execute automated trades on this basis.
- The founders behind Bitcode Method remain anonymous. Although this is not necessarily unusual in the crypto scene, anonymity does not create trust.
