BTCchain Review Is btc-chain.uk A Scam Or Should I Invest

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BTC-e Calls Ethereum Classic a Scam

The world of cryptocurrency seems very divided when it comes to Ethereum and Ethereum Classic right now. Cryptocurrency exchange BTC-e went as far as calling Ethereum Classic a”scam,” as they have no plans to support it. However, various of their ETH users are eligible to receive ETH tokens for funds stored before the hard fork took place. Will the company pay that funds to the rightful owners, or will they keep the ETC to sell it and reap the profits?

BTC-E Plays A Very Dangerous Game

Personal feelings should never prevail over common business sense, especially not in the world of cryptocurrency. The BTC-E exchange is shooting themselves in the foot by calling Ethereum Classic a scam, as these types of allegations will haunt companies for a very long time. Ethereum Classic is the same as the Ethereum blockchain, but without support for the hard fork.

So far, Ethereum Classic has seen some great support from community members. Additionally, various companies are working on ETC integration into their platform or products. If this project were such a scam, as BTC-E claims, none of this would be happening. In fact, these claims are based on nothing but personal bias by the look of things.

“BTC-e’s official standpoint on this issue is as follows: Ethereum Classic in the current circumstances is a scam. The Ethereum community decided to implement the hardfork in order to switch to the new chain. All major pools and exchanges (including BTC-e) did exactly that. On the second day after the start of ETC trading BTC-e received a notification from Poloniex, saying that we need to secure the ETCs in our ETH wallet. At the time of notification, most of these coins have already been sent to Poloniex by our users. So there were almost none of these coins in our wallet.”

This is quite an interesting statement, as BTC-E claims their users have transferred their own ETC funds to the Poloniex exchange. However, the company provides zero evidence to support these claims, further indicating that something is not adding up. That said, BTC-E claims they can do nothing about the situation, even though a lot of people are demanding their funds returned to them.

So @coinbase is _still_ leaking ETC. If I had any funds there I’d get them out ASAP – this could lead to insolvency. https://t.co/uZk5lBI4Or

It will be interesting to see how this scenario plays out, as BTC-E is not the only exchange facing a lot of flak over Ethereum Classic right now. Coinbase continues to leak funds left, right, and center, as they have still not fixed the issue with Ethereum purchases and withdrawals. Peter Todd even mentioned on Twitter how this could lead to the exchange platform becoming insolvent rather quickly.

BTC Robot Review – is it a scam ? Real results from bitcointalk users…

BTC Robot Review Summary

Pros: Easy to setup, lots of tutorials, support available.

Cons: Doesn’t seem to act as described at all. Didn’t manage to get it to work on the Silver Plan.

Conclusion: No, BTC Robot is not a scam, but I believe that it’s not as accurate as described on the BTC Robot sales page. Personally, I didn’t manage to make a profit out of it but I’ve used it for 2 weeks only. The good thing is that the 60 day money back guarantee makes it a no brainer for someone who wants to try it out any way and decide for himself.

99 Bitcoins’ rating [usr=5.5]

For more information about BTC Robot.

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Full BTC Robot Review

Let me start right off the bat here by saying this is not another “look how great my profits are with BTC Robot”. This review aims to bring real live research to conclude once and for all if purchasing BTC Robot is worth your money or not. I’ve been into Bitcoin for almost a year now and just recently got my hand on BTC Robot and this was only after some INTENSIVE market research. My guess is that if you’re on this page you probably are looking into researching it as well, so hopefully I can save you some time.

This review is not based on my personal experience only

Instead of just trading with BTC Robot and then giving you my personal opinion alone I integrated into this review as many online BTC robot reviews I could find online. I picked out the best ones (usually from Bitcointalk.org) and the worst ones (usually for people who are trying to make a quick profit) and brought them together. I will not talk about how to use BTC robot in the review since it’s pretty simple and there’s a complete step by step guide once you purchase it.

Searching for “BTC Robot reviews” on Google bring almost 92% are biased reviews…

So after going through the first 4 pages on Google for the term “BTC Robot Reivews” I managed to find only 3 reviews that were worth commenting about, the rest of the reviews were plain biased.

Jonathan shows real live proof that you can gain (and lose) with an honest BTC Robot review

I managed to go for almost 12 different reviews before deciding to purchase BTC robot. The first review I came across which was probably the most helpful was of a site called “Bitcoin World Wide” which was kind of suspicious looking since it seems to only be promoting BTC Robot. Nevertheless after reading the Jonathan’s review carefully I saw that he was actually updating his stats each month including loss (which is something that biased reviews rarely do). So up until November 2020 his account was at a positive ROI of %26.75 but because of the big drop in Bitcoin price in December he ended 2020 with a negative ROI of %61.23. My guess is that he was using the aggressive mode which cause him these loses. Here is his recap for December.

Michael Summer shows a real live screen capture of making profit

After screening some more excessively biased BTC Robot reviews I came across a Vimeo video of a guy named Michael Summers. Now this video is clearly narrated, but nevertheless he shows making actual profits off BTC Robot of around $386.18. After further investigation I saw that the video was uploaded on January 2020 but it was filmed on July 2020….make you wonder how legit it is after all.

The first major website to review BTC Robot says it’s a scam

After some more digging in, I came across an article from “The Verge”. To make a long story short the author of the post on The Verge claims the BTC Robot is just another scam in the world of making money online. Although he seems to be very determined about it, he did not bring one piece of evidence supporting his claims. On the comments that were posted to this article the BTC Robot team answered each and every reader who expressed the smallest of concerns which plays in their favour. If someone is trying to scam you, they usually won’t have such great customer service.

What Bitcointalk’s forum has to say about BTC Robot

For those of you not aware of it, Bitcointalk is the biggest Bitcoin forum online today, and it doesn’t take scams lightly. Users who are considered scammers are marked clearly and are usually booted out of the forum, here are some examples not related to BTC Robot:

I found 3 different posts relating to BTC Robot reviews. The first was of a a staff member of Bitcointalk. He actually created a total profit of $52.15 through the time he was trading but was losing Bitcions. He was kind of iritated by this although the BTC Robot representative who replied on that post clarified that profits are based on USD and not BTC, meaning if you want to earn USD use BTC robot. If you’re aiming to earn Bitcoins then perhaps there’s a better way.

The second thread of BTC Robot review on Bitcointalk I read heated up pretty quickly and got over 400 posts! I went over most of them (you can’t actually read 400 posts). Going through the posts I encountered another video that seemed to be legit and shows profits.

There was A LOT of back and forth in these forums. Mostly people accusing it of scam but without actual proof. The BTC Robot team seemed to defend themselves fiercely against any accusations. A few member finally came up with some actual trading data showing that they lost money when using the robot and some complained about bad customer service. Towards the end the forum get really aggressive, lowers the BTC Robot’s team trust score and calls out the program to be unsuccessful.

Finally I tried finding the latest BTC Robot review, since maybe something has changed during the time the program has been running. It seems that not much has changed although one reviewer said he had a hard time getting his money back because he bought the program with Bitcoins.

Last but not least, my own experience with BTC Robot

So after reading so much stuff online I didn’t have a very good feeling about BTC Robot, but there was still no outright proof that it was a scam. Also, they promise a 60 day money back guarantee so I figured I can purchase it, play with it a little and if I think it’s crap just get refunded. The purchasing process went pretty smooth, just go to the BTC Robot website, select your plan (I chose the Silver one) and then get redirected to ClickBetter for payment.

Note: ClickBetter is the payment processor for BTC Robot, so if you want to get refunded or have problems during your purchase you need to approach them. A word of wisdom, don’t fall into all of the up-sell crap they try to pitch you after you buy the robot, it’s just cheap marketing tactics.

I got my API keys from BTC-E. You do this by just going to your profile, choosing API Keys and then creating a new key. You can name it whatever you like but then you need to give it “info” and “trade” permissions.

I funded my BTC-E account with $100 which was the most I was willing to lose on this test. I set the robot to “medium” trade settings and waited to see what happens, unfortunately nothing did. The program wasn’t able to fetch my BTC-E information and therefor wasn’t trading. I sent an email to BTC Robot’s support and got answer the next day with some instructions. I then decided to take things up a notch and actually upgraded to the “Gold Plan”. The reason being that I have a 60 day money back guarantee so there is no risk.

After signing up to the Gold plan the Bot actually started trading. I decided to leave it for the next few days and see what happens. This is my account on the first day of trading:

Unfortunately enough, I didn’t manage to make a profit even after several days of trading. It was time to test out the last thing left…the 60 day money-back guarantee. I sent a refund request to ClickBetter and waiting to see if this will work as advertised. It did, and in 3 days I got my full refund for both programs.

The conclusion – is BTC Robot a scam ?

No, BTC Robot is not a scam, but I believe that it’s not as accurate as described on the BTC Robot sales page. Personally, I didn’t manage to make a profit out of it but I’ve used it for 2 weeks only. The good thing is that the 60 day money back guarantee makes it a no brainer for someone who wants to try it out any way and decide for himself. If you would like to share your experience with BTC Robot just post your comment and rate this product below.

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Why does not BTC-E work: scam or technical work?

Over the past week, public attention has been focused on the BTC-E exchange – even the forthcoming hard fork of bitcoin did not occupy the minds of users as much as the intrigues and investigations around the large Russian-language exchange that suddenly left offline. We suggest recalling all events related to BTC-E and suggesting what the stock exchange and its users are waiting for now.

What happened to the BTC-E.com exchange?

The currency trading platform called BTC-E started its work in the distant 2020 year and until the present events was the largest Russian-language stock exchange in the world. At one time the stock exchange was in the TOP for daily turnover of funds, and although the golden times for BTC-E in the past and its position lost ground, it can not be denied that the exchange was popular and in demand.

All the hype, which is more like the plot of the American blockbuster, than for real events, began on 25 July, when users lost access to the site. In general, exchanges often conduct technical work and other fraud, so the departure from the beginning did not seem strange. When he dragged on for several hours, and then for a day, then many traders began quite legitimate unrest, which only intensified after sensational statements in the press.

26 July it became known that in Greece was detained a certain Alexander Vinnik – a native of Russia, who peacefully rested in the most expensive hotel in Chalkidia and did not even suspect that it was not the first month that he was being watched. As it turned out, the Greek authorities did not have anything against the rich tourist, but acted at the request of their American colleagues. But from the US side to Vinnik there are very impressive claims – a Russian citizen is charged with laundering 4 $ Billion in bitcoins.

It would seem, well, and where is the arrested comrade with billions to BTC-E? The connection is very direct, it was through the gateways of the exchange that these large sums were laundered, and in parallel with this a version appeared that it was Alexander Vinnik who was one of the leaders BTC-E . The news is overwhelming – what’s true here and what’s fiction is extremely difficult to establish, but the further course of events is like a real theater of the absurd.

The development of events: who is Vinnik and whether he directed BTC-E.nz?

Despite the promise of the exchange management to return to normal work very soon, access to the site has not been restored. Following the arrest of Vinnik, new accusations followed: the alleged BTS-E owner was also guilty of stealing funds from the main cryptoscam Mt.Gox, and the BTC-E itself was charged with the fact that 95% of the stolen funds’ withdrawals in the course of cyberattacks are not without her participation. On this positive note, the US authorities announced the arrest of the exchange’s domain, and the situation was further aggravated, after which the exchange announced that the technical work would continue for another 5-10 days.

As for the person of Alexander Vinnik himself, that is, information that he really is the co-leader of BTC-E. In particular, this is stated by the administrator of the qugla.com service, who had business connection with the exchange. But the most interesting thing is that the representatives of the exchange commented on the situation at the main crypto forum Bitcointalk and stated that Vinnik did not know and knew, especially since he was not the leader.

The answer of the representatives of the exchange BTC-E: news for today

Quite a long time the representatives of the trading platform did not comment on what was happening and did not make it clear, but when the situation was heated to the limit, messages began to appear in them T Witter and bitcoin-forums. According to the version of the BTC-E exchange itself, 25 July the data center appeared FSBshniki, who arrested the server. The fact that the representatives of the stock exchange is being presented and what the parties should wait for is said only that if the situation does not manage to be stabilized by the end of August, then compensation will begin to be paid to the victims.

The main thing is that representatives stated that part of the stock exchange’s funds was confiscated by the feds and at the moment it is determined what remains available in BTC-E accounts. Says the administration of the exchange is true or not, but 29 July from the etherium-purse belonging to the site, there was a major withdrawal on 95 $ Million Who carried out this same transfer and who left the money – is unknown.

Law enforcement version: what happened to BTC-E

Greek law enforcement officials confirmed that Alexander Vinnik is related to the crypto-exchange market. As for their American counterparts, they even hooked up the entire federal apparatus in order to punish criminals on their merits. The US Department of Justice claims that Vinnik was a member of the group that was engaged in money laundering, and the financial crime and prison management department and the stock exchange issued fines of 110 $ Million and 12 $ million, respectively. In addition, the exchange is accused of all deadly sins: from assistance to extortion programs before discussion with platform participants right in the chat of how best to launder money.

What is waiting for BTC-E.com: will the exchange return to work?

The likelihood that the exchange will return from the offline and begin its previous work, or else someone will pay something as compensation, is negligible. Too serious charges to it are put forward by the American law enforcement officers, and several cases are incriminated at once. It will be extremely difficult to get yourself out of such a mess with the organizers of the project, it’s more logical to simply collect the remaining money and hide, because with the high probability of BTC-E admins, Vinnik’s fate awaits.

Many fear that the closing of the exchange will affect the market of crypto-currencies and lead to a collapse of the rates. Most likely, this scenario should not be expected. First, the exchange is not the main giant and, compared to the most cereal trading platforms, its turnover is rather modest. Secondly, the expected outflow of investment with crypto currency should not be expected – the problems of the exchange with the law are not cyber-attack or scum in the truest sense of the word – nobody was deceived and, in fact, was not robbed, so do not think that traders will leave trade, and investors Investing money, and go to do other things. Thus, in the crypto-currency world, it is not worth expecting a collapse, if the impact is, it is very insignificant.

Nevertheless, of course, we wish the stock exchange a speedy recovery and return, and users of full compensation for losses, but whether this will be a big question, the answer to which will show the time.

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