Tricksters behind the Bitcoin Trader scam have been exploiting pictures of celebrities from the hit TV show Dragon's Den to attract gullible investors to invest.

It is a scam. The pictures and false quotes have attracted investors into a get-rich-quick [bitcoin](/coins/btc) scam on websites and social platforms.

Let's discuss in detail the Bitcoin Trader scam.

## What is Dragon’s Den?

[Dragons' Den, produced by the BBC](https://www.bbc.co.uk/programmes/b006vq92), is a popular UK reality TV show. Promising entrepreneurs put their business visions to professionals and ask for investments.

The show features a board of investors known as "dragons" who are ready to place their own money in potential business visions.

## What is the Bitcoin Trader Scam?

The Bitcoin Trader scam is a phony investment opportunity that falsely asserts that it is connected with the famous BBC show. The scam has distinct versions, but all share one common trait; they ask for money from unsuspecting investors in trade for a fake investment option.

Tricksters draw gullible investors into trading with their money by manipulating pictures of celebrities from the TV show on websites and social media platforms.

The Bitcoin Trader scam is an example of how phony sites exploit the names of renowned public figures, superstars, and TV shows to encourage a get-rich-quick strategy. It's not a genuine investment opportunity, but something to trick innocent people and take their money by luring them with false promises.

Some of the well-known false claims from the Bitcoin Trader scam include:

•	A phony news report asserting Deborah Meaden, one of the investors on Dragons' Den, made a £250,000 investment in bitcoin. It is not true.
•	A bogus interview with Sarah Davies and Jenny Campbell, two new investors on Dragons' Den, asserting they had invested in bitcoin. Again, it's completely fake.
•	A fake interview with Peter Jones claimed he was initiating a bitcoin investment program after witnessing the get-rich-quick bitcoin scheme. This is also false.
•	Last, but not least, Theo Paphitis is said to be backing bitcoin as a lucrative cryptocurrency on the Dragon's Den show. This, too, is phony.

## In Summary

Bitcoin Trader is a scam. It's a phony get-rich-quick system that falsely promises investors enormous profits within a short span.

It is not legal.

Advances in technology bring advances in digital fraud, and cryptocurrency is not immune. Investors should conduct thorough research of the website or social media platform before investing their money.


Bitcoin Trader Scam: Dragon's Den

If you've been searching for a Bitcoin Code review, this article might help.

Nowadays, seeing how much profit it earned some individuals, many people want to get into crypto. Of course, when talking about cryptocurrencies, the first that comes up to one's mind is bitcoin.

The possibility of growing a passive income by trading [bitcoins](/coins/btc) has become very attractive lately. However, numerous auto trading platforms already have bad reviews, so people are being much more cautious about investing. It is hard to evaluate which trading platform is legit and which is a scam.
Bitcoin Code is an auto trading platform for cryptocurrencies that promises "insane returns" and "great profits" with "just a few minutes of work".

As we already mentioned, there is no real way to be sure whether something is a scam or not. The Bitcoin Code is known and has its own growing community of users who claim the scheme has been more than lucrative.

We have witnessed the evolution of different auto trading platforms, such as Bitcoin Revolution, which also has trading robots doing everything for the client.

With Bitcoin Code, everything seems pretty much the same. The user deposits money and then activates the live trading feature and sets stop-loss limits. 

The bots do everything else, such as market analysis, placing orders, and performing transactions.

## What is the Bitcoin Code?

The Bitcoin Code is usually described as an automated trading platform that trades for the client. 

The math seems simple - buying low, selling high. With only a $250 deposit and relying on a sophisticated, 99.4% accurate algorithm, the robot tracks the crypto market and trades 0.01 seconds ahead of market movements.

There is an option of performing manual trades as well, but it's available only to clients with intermediate knowledge of how manual trading works.

## Is it a Scam?

As we already mentioned, it is easy to believe that one can get rich over the night by investing only $250. However, everyone with a little bit of "Poirot" in them can see that Bitcoin Code is a scam.

Everything, including a photo of Bitcoin Code's alleged creator Steve McKay, is fake.

The photo of the alleged multi-millionaire who "has featured on the cover of Forbes magazine" and claims his team can help you "earn a guaranteed $13,000 in exactly 24 hours", is a photo of a rented actor from e-gig website [Fiverr](https://www.fiverr.com/banjoman15).

Also, if you try and look it up on Google, most search results will give the Bitcoin Code good reviews and claim it's the "real deal".

However, if you ask Facebook, things are definitely darker than it looks. Back in 2018, the company had to remove fake Daily Mirror ads stating Martin Lewis, of Money Saving Expert, had made a fortune from Bitcoin Code.

Mr. Lewis is now suing Facebook, which was paid to publish the fake adverts.

Steve McKay, therefore, never has been on "Dragon's Den" or in Forbes. This is a group of crypto scammers, and Steve McKay doesn't exist.
Every trading scheme with his name turned out to be an investment scam that is better to avoid.

However, this scheme isn't illegal per se. Because the client willingly gives their assets (whether it's $250 or even more) and is warned about the potential risks of trading – this cannot be charged as illicit activity.

The only real advice would be that if you want to try legit cryptocurrency trading, you should try some free demos with virtual money and do your own research before making any investment.


Bitcoin Code Review: Scam or Legit?

In July 2021, the US internet sales behemoth [Amazon](https://www.amazon.com/) shook the crypto market after letting out a blockchain and cryptocurrency lead job advertisement.

The ad specified that the company wanted someone to develop the case for crypto, drive the vision and product strategy, and gain leadership buy-in and investment.

According to sources, the directive for this advertisement came from the headman - Jeff Bezos himself - and it meant more than merely looking into options. Allegedly, Bezos was (and still is) interested in implementing cryptocurrencies into Amazon's business, particularly [Bitcoin](/coins/btc), [Ethereum](/coins/eth), Cardano, and Bitcoin Cash. After that, according to reports, the company would develop its native token as well.

Still, even though there were plenty of rumors, they were never officially confirmed. Amazon did, however, hint that it plans to jump into the creation of Amazon cryptocurrency, and the year 2022 was on everybody's mouth.

## Who will be Amazon’s Crypto Head?

According to the job ad, the company searched for "an experienced product leader" to develop a roadmap for Amazon blockchain and cryptocurrency strategy.

It stated that the successful candidate would leverage expertise in blockchain, distributed ledger, central bank digital currencies, and cryptocurrency to drive the concept forward.

This step seems logical since other big fintech companies, such as Facebook, Visa, and Google, also recruited whole teams of experts charged with creating a new blockchain and crypto-related workspace.

## When Could Amazon Launch?

As we already mentioned, there were no official details on Amazon's possible launch date. However, 2022 was the year everyone mentioned when discussing the digital currency that would be standing shoulder to shoulder with Bitcoin and Ethereum.

There is already something called Amazon Coin; a virtual currency that can be bought on Amazon's website and then be used to purchase apps, games, and in-app items from the Amazon Appstore. Each Amazon Coin is worth $0.01 and can be bought in cheaper stacks on the Appstore app, Fire tablets, and the Amazon website. Still, it is not an Amazon cryptocurrency, per se, since these coins are non-refundable after purchase.

In the case of the actual company's cryptocurrency, the users should use it to shop on the Amazon website, trade with it, and, eventually, exchange it for other tokens.

Nowadays, the global finance industry deals with trillions of dollars daily, serving billions of users. However, the whole sector has problems with bureaucracy, high costs, frequent fraud, and constant delays. Third parties such as payment networks, stock exchanges, and money transfer services deal with crime daily. Therefore, the costs of regulation are rising as end-users ultimately bear the burden.

## Amazon to Sell NFTs Soon

Amazon admitted mulling similar projects in the past, even though these projects were rather understated than the one which wraps the Amazon cryptocurrency nowadays.

Amazon already has 'Amazon Managed Blockchain' service that, according to its webpage, "makes it easy to join public networks or create and manage scalable private networks using the popular open-source frameworks Hyperledger Fabric and Ethereum”.

However, the most recent reports show that Amazon is not even near adding cryptocurrencies as the payment option for its retail services but is interested in the Web3 space. Recently, company Chief Executive Officer Andy Jassy commented that even though developing an Amazon coin is not planned for the near future, there is a possibility for the company to sell non-fungible tokens (NFTs) on its e-commerce platform.


Status Quo on Amazon Cryptocurrency Development

In this review, we discuss [Bitcoin Trader](https://www.bitcointrader.com/), a cryptocurrency trading bot whose aim is to improve the profitability of crypto traders within the market. 

The [Bitcoin](/coins/btc) robot was developed as a flexible trading tool, merging automated and manual trading tools to benefit a wide range of traders. It is easy to operate and works based on predefined rules set by users. These can be altered at any time; the rules can be changed based on the trader's preference, experience level, or risk appetite.

Machine learning models and artificial intelligence are used by Bitcoin Trader to analyse the markets and spot movements of various trends. Thus, finding the best entry and exit points for trades and increasing the trader's chances of a higher return. The developers of this robot state that it scans the latest market news, analyses trends, and enters trades quickly and frequently, with the system being 0.1 seconds faster than the market itself.

## Strain on Users Reduced

They add that the bot can help with market analysis and reduce the strain of extensive research on users. It is also believed that the bot is 85% accurate. Furthermore, it ties traders with brokers across the world. The broker then bears the responsibility of position sizing and trade execution. 

The system also allows you to set your specifications and trade based on your research. This suits more experienced traders, who better understand the market and are more comfortable conducting their research. The goal is for you to make a profit regardless of your trading strategy or system.

The robot’s speed also extends to its transactions, processing deposits within minutes. Withdrawals are also processed in 24 hours. The bot doesn’t charge any fees for transactions or account maintenance, nor are commissions taken on your trades. This greatly benefits the customer, as your only cost is the minimum deposit, which currently stands at $250. This price is in line with many other crypto trading bots in the financial space. With the demo account, you get the chance to do proper research and improve your position. There is also customer support via email and phone.

#No Software Installation Needed

Bitcoin Trader is a web-based platform, so no software installation is needed, and no updates need to be downloaded. It can be used from any desktop, laptop, tablet, or mobile phone worldwide, providing there is a stable internet connection. Also, even though the name is Bitcoin trader, you can trade a vast number of cryptocurrencies on the platform. Verification is also quick, with the only information required being the user information and their payment details.

The Bitcoin Trader robot seems credible, with a success rate of 85%, and there are no fees apart from its minimum deposit amount. However, there are risks involved, as with any form of trading, that can lead to you losing your initial deposit. Therefore you must approach the bot with caution and proper research before using it to put on trades. You must start with funds that you can do away with and only trade within the appropriate risk parameter and don’t trade over the minimum balance.



Bitcoin Trader Review: What Is It?

Could you spend Elon Musk's money if you had it? And what would you spend it on?

For some, well, not all; it's no news that Elon is known for making bold investments in various industries, like automobiles, crypto, space exploration, etc.

Considering how wealthy he has been over the last decades, this is no surprise - earning a massive amount of money off his investments and being the world's richest man with well over $200 billion in net worth.

Elon holds a significant interest in three important companies; Tesla, SpaceX, and Twitter. The business magnate spent a whopping $2.89 billion purchasing a 9.2% stake in Twitter, which, in turn, made him the company's largest shareholder.

Elon is known for bold purchases and wise investments, and Twitter shares surged about 27% right after the purchase.
 
## Elon Musk's Best Investments To Date

Over time, Musk has invested in Tesla, PayPal, SpaceX, and DeepMind Technologies, which became successful companies.

### Tesla

Even though he wasn't a founding member of Tesla, he was among those who led an early round of financing the company back in 2004. And in 2008, he became the CEO of the company. Today Tesla is a significant EV manufacturer and the largest EV company by sales and market share.
PayPal
 
Musk founded X.com with others and that ended up being PayPal in 2001. When the owners sold PayPal to eBay in 2002, Musk, who with an 11.7% stake was the company's largest shareholder, received more than $150 million.
 
### SpaceX
 
In 2002, Elon founded SpaceX with a mission to innovate on space technology and a primary aim of taking humans to Mars. Pretty lofty goals, right? Since its inception, Elon has helped the company take on significant space projects; in 2021, NASA awarded SpaceX a contract to haul astronauts to the lunar orbit of the moon's surface in its Starship vehicles. 

## How Would You Spend Elon Musk Money
 
Considering how wealthy Elon is, being the richest man on Earth, you must have thought: 'How would I spend Elon Musk's money?'. Here are some ideas:

## Buy Bitcoin in Large Amounts
 
If you're keen on investing like Elon or just looking for ways to spend your money reasonably, you can purchase and hold Bitcoin in large amounts. Yes, it's a wise decision; in the past and present times, famous business magnates have evangelized the importance of owning Bitcoin. 

Why? Because it might just be the next big thing in finance, if it isn't already.
 
## Start or Invest in a Company You Love
 
Everyone is passionate about something. If that's you, then spending money on starting a company of your liking isn't such a bad idea. It's easier said than done, but what are the odds of losing if you try? You get to do what you love and start something you're passionate about that could lead to something big.

## Final Thoughts

Suppose you have well over a billion dollars. In that case, you can invest in companies, companies that you love their products oh so much, and, more so, companies that have the potential to innovate or change an industry constantly over time.

Do you love Apple products or Tesla cars? Investing in Tesla and Apple is a perfect way to spend your money wisely without worrying over significant losses.


 
 
 
 
 
 
 



Spend Elon Musk Money? How Would You Spend Billions?

The [BTC](/coins/btc) price is now trading at $28K, indicating that it is highly oversold, as evidenced by RSI levels around 30%.

Indeed, the RSI has hit levels not seen since the May 2021 crisis. The price may have a positive retracement and retest the broken $30K barrier in the immediate term. However, it is also feasible that it will continue to fall towards $24K and $20K, which might eventually indicate a mid-term bottom. 

The 50-day and 100-day moving averages also form a bearish crossing, which might increase the likelihood of lower prices sooner rather than later. BTC price has broken below the huge bearish flag that has been building over the previous few months, indicating a negative continuation scenario. 
 
The downtrend is presently displaying symptoms of fatigue, with the past few candles closing with large wicks to the downward. The RSI is also attempting to break above the oversold area, implying a short-term positive pullback to the previously breached $30K barrier. However, the bears have total control, and a collapse below the $24K level remains likely. 

The futures market undoubtedly had an influential role in this collapse, since Bitcoin's open interest was unusually high even as the price fell from $48K to $37K in April. This gradual decline in open interest during a 20% drop indicated that many stop losses and liquidation targets of long positions were located below the $37K, $33K, and $28K support levels.  

However, the open interest is still significantly greater than in May 2021 following the drop from the $64K ATH, indicating that the futures market is still hot, despite the current decline. Because high open interest results in significant volatility, this might be taken as a negative indication. Rising inflation, geopolitical events, and concerns about the Fed tightening monetary policy have all contributed to heightened market volatility. 

The Fed raised interest rates on Wednesday - the first time in more than 20 years - signalling that future rate hikes are likely and that the balance sheet runoff will begin in June. Some analysts believe [TerraUSD (UST)](https://coinmarketcap.com/currencies/terrausd/), one of the most popular stable currencies, also contributed to Bitcoin's fall this week. UST is supposed to be tethered to the dollar, but it plummeted to 29 cents this week and crashed in a simulated bank run as investors panicked and sold out their tokens. 

Since December 25, 2021, the BTC price has not risen beyond $50,000. Despite the problems, Bitcoin has remained above its January low of less than $34,000, which was the lowest in the preceding six months. BTC price dropped by 40% since its all-time high above $68,000 on November 10, owing to rising inflation, a sluggish job market recovery, and the Fed's continuous signs that it will begin winding down the measures to assist the economy.

Despite a poor start to the year, Bitcoin entered 2021 on a high note, thanks to a robust November and early December that gave way to the recent downward trend. After beginning 2021 around the $30,000 level, Bitcoin rose throughout the year, reaching its current all-time high of $68,000 on November 10.  

Despite decreasing dramatically from its most recent all-time high, many analysts believe BTC price will eventually surge beyond $100,000, describing it as a matter of when, not if.

Bitcoin reached its first high in 2021 when it surpassed $60,000 in April. Since then, the price fluctuation has highlighted the cryptocurrency's unpredictability when more individuals are eager to participate. Bitcoin bounced dramatically up and down in the weeks between a July low that brought it below $30,000 and its most recent peak in November. 

## Analysts’ Views of BTC Price

According to a crypto specialist, price fluctuations are expected for individuals who invest in crypto for the long term. Big drops are not a cause for concern, and he avoids reviewing his stocks during dangerous market falls.

Humphrey Yang's set it and forget it attitude to cryptocurrencies mirrors his approach to traditional stock market trading. Still, other experts believe Bitcoin is too distinct from traditional assets to draw historical similarities.  

Recent price fluctuations have been accompanied by rising inflation, persistent uncertainty over the country's protracted battle with COVID-19, and new regulatory steps by the United States government, notably Biden's recent executive order.
 
## Cryptocurrency Crime and Tax Evasion 

A few main themes have developed about new cryptocurrency regulation in the US: preventing cryptocurrency crime and tax fraud, ensuring stable coin regulation, and the possibility for investment vehicles like crypto ETFs and other funds.
The decentralised nature of digital currencies is a significant appeal for many crypto aficionados. However, regulatory guidelines can assist in protecting investors.  

One proposal would broaden the definition of a brokerage to include firms that support digital asset trading, such as cryptocurrency exchanges. This type of move would imply higher tax reporting duty to assist the IRS in tracking crypto tax evasion. 

Companies that facilitate crypto trades would be compelled to provide tax information about such exchanges to the IRS, beginning with the 2024 tax season, under a proposed new rule being examined by legislators.  

Furthermore, Gensler has spoken about the necessity for increased legislation to help avoid future ransomware attacks. 

## Stable Coin Regulation 

Stable coins are most utilised by sophisticated traders to decrease costs on crypto-to-crypto exchanges, but the Biden administration analysis suggests that stable coins may become a more general digital payment system. Because cryptocurrency is still in its infancy as an asset class, any new regulations may influence investors' portfolios.

According to Gensler, unscrupulous actors may be able to dodge public policy measures and other punishments targeted at preventing money laundering or guaranteeing tax compliance by avoiding the use of US dollars in direct crypto-to-crypto exchanges. 

## Cryptocurrency ETFs 

Cryptocurrencies ETFs are not now accessible in the US, but they may provide a future method for investors to invest in cryptocurrency without buying directly from an exchange. "There's not a method to acquire an asset that closely tracks the price of a certain cryptocurrency until an ETF is approved," explains Jeremy Schneider. That implies that the only method for investors to do so is to purchase coins directly from an exchange. If you are interested in cryptocurrency, these funds, like a traditional ETF or index fund, may help you diversify your assets among multiple coins. 

## Biden's Executive Order  

President Joe Biden has authorised federal agencies to establish a plan for laws and regulations on digital assets such as bitcoin with the signing of a new executive order on cryptocurrency. 

According to experts, the decision will assist in creating the regulatory clarity needed for significant institutional adoption of Bitcoin and other digital assets. Long-term investors may benefit from more stability in the usually turbulent crypto sector. After an early burst that saw the price of Bitcoin rise, it quickly dropped again. 

Biden's directive also directs US authorities to ensure that the country's cryptocurrency regulations are consistent with US allies. It charges the Financial Stability Oversight Council to investigate any illegal financial issues. Furthermore, the law underlines the significance of a new central bank digital currency issued by the government. Biden's executive order is a timely reminder that US politicians are closely monitoring Bitcoin and how it may impact financial markets in the future. This should not persuade crypto investors to make quick adjustments to their long-term investment strategy.

Experts advise sticking to the most established cryptocurrencies, Bitcoin and Ethereum, and investing just what you are willing to lose or no more than 5% of your overall portfolio. Budget essentials such as emergency preparedness, debt repayment, and retirement savings should take precedence over Bitcoin investments. Regarding where to purchase and sell cryptocurrencies, stick with a well-known, high-volume cryptocurrency exchange. 

## China’s Ban on Financial Institutions from Cryptocurrency Business 

China has prohibited financial institutions and payment businesses from offering cryptocurrency transaction services and has advised investors against speculative crypto trading.

According to a blockchain analysis business, a combination of factors has contributed to the recent sell-off, in which new short-term investors dumping their holdings in response to the latest decline may be adding to the reduction in Bitcoin's value. However, the stock and cryptocurrency markets have historically gained despite greater volatility and this is expected to continue. As a precaution, experts urge investors to keep investments small to handle volatility. 

To conclude, if Bitcoin survives as a digital asset class, which it may, it will be seen as a high-risk asset class. As a result, it might see a significant gain in value in the future or go the other way and become worthless. Therefore, it remains to be seen if Bitcoin is indeed the future “world money".


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Read the latest Bitcoin news.

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Bitcoin Code Review: Scam or Legit?

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Bitcoin Trader Review: What Is It?

Spend Elon Musk Money? How Would You Spend Billions?

BTC Price: Bitcoin Update

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