bitcoinaussiereview-blog

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What is bitcoin?

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.

what is bitcoin? Why bitcoin? Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

why bitcoin? Buying bitcoins Buy on an Exchange

Many marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Coinbase is a leading exchange, along with Bitstamp and Bitfinex. But security can be a concern: bitcoins worth tens of millions of dollars were stolen from Bitfinex when it was hacked in 2016.

buying bitcoin on an exchange transferring bitcoin to a friend Transfers

People can send bitcoins to each other using mobile apps or their computers. It’s similar to sending cash digitally.

Mining

People compete to “mine” bitcoins using computers to solve complex math puzzles. This is how bitcoins are created. Currently, a winner is rewarded with 12.5 bitcoins roughly every 10 minutes.

bitcoin mining Bitcoin wallet Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money. Unlike bank accounts, bitcoin wallets are not insured by the FDIC.

bitcoin cloud wallet Wallet in cloud: Servers have been hacked. Companies have fled with clients’ bitcoins.

Wallet on computer: You can accidentally delete them. Viruses could destroy them.

The anonymity of bitcoin anonymous bitcoin Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their wallet IDs. While that keeps bitcoin users’ transactions private, it also lets them buy or sell anything without easily tracing it back to them. That’s why it has become the currency of choice for people online buying drugs or other illicit activities.

Bitcoin’s future in question No one knows what will become of bitcoin. It is mostly unregulated, but some countries like Japan, China and Australia have begun weighing regulations. Governments are concerned about taxation and their lack of control over the currency.

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Bitcoin South African System Review, Fake Bitcoin App Exposed!

Bitcoin South African System Review and SCAM Investigation This review proves that the Bitcoin South African System is a confirmed financial scam and filthy get-rich-quick scheme. It is presented to you by Jasper Boyle. The Bitcoin South African System SCAM is advertised as a premium trading platform for bitcoin. It’s supposed to be able to execute trades for you on autopilot, and on top of that its allegedly capable of earning you thousands of dollars on a monthly basis.

According to the video presentation you can get the Bitcoin South African System for free, but is the money really given yo you for free or is this a new and officially blacklisted SCAM? Take a wild guess! In reality there are some sleazy brokers which integrate with this fake crypto robot and fraudulent signals app. In our case we were assigned to Hybrid Reserve, a fake Forex and Cryptocurrency (CFD broker),owned by a company named SingleBell LTD, with a registered address in the Marshall Islands.

Bitcoin South African System Review

Official Website, Login Page, and Members Area: bitcoinsouthafricansystemsoftware.com

Bitcoin South African System Scam Or Legit? The truth is that Bitcoin South African System is a scam. It has nothing to do with trading cryptocurrencies using genuine contract rates, and everything to do with thievery and stealing your hard-earned money.

In fact this software, is an exact clone and replica of 4 other systems which have been extensively reviewed and blacklisted here at Scam Crypto Robots.

These are: 1. Britcoin System 2. Bitcoin Aussie System 3. Bitcoin Malay System 4. Bitcoin Kiwi System

Bitcoin South African System Registration Area It’s very plain to see that according to the PROOF of scam we have produced below for comparison reasons, these greedy scammers used the same website with the same video which has been adapted to different markets (i.e Britcoin system uses a UK accent). They just changed the name of the program, used a different color scheme, and changed the logo and name. The rest is simply a carbon copy and duplicate of the other scamming software.

Lies, Fabrications, and Hyped Up Claims One of the main problems with Bitcoin South African System is that the statements made in the sales video are complete lies, especially in regards to the current state of cryptocurrency markets. In the video they tell you that bitcoin is steadily going up, but that is not true. Bitcoin is fluctuating and only now making gains after absorbing a serious setback when Goldman Sachs mentioned it will postpone plans to open a  cryptocurrency trading desk. There is also excessive use of exaggerated claims about making easy money using the software. In the image above (and below) you can see the fake actor saying he already made $3,498.

Bitcoin South African System Cloned App Bitcoin South African System Fake Testimonials In the Bitcoin South African System sales video you will also see several people praising the software, they all claim they have been generating money and profits with it. Again, that is another lie and as the image above proves all the people you see in the sales presentation are paid actors. They have not earned a single cent trading with this program. These people are well-known for endorsing scams as can be seen here.

Bitcoin South African System Fake Broker How The Scam Really Works The real purpose of the Bitcoin South African System is to get you to fund a real money trading account with an offshore broker. When you sign up, you will encouraged to deposit money. A part of that cash goes to the promoters, and the rest to the broker. This is called a referral or revenue share scheme and that is the real secret, but no one will tell you that.

Bitcoin South African System Fake Testimonials Jasper Boyle, Return of the Scammer If you are asking yourself who is this Jasper Boyle character and is he a real person then the answer is a resounding NO. Boyle is a fictitious entity which was designed by clever con artists who understand how to bait, trick, and victimize would-be traders and opportunity seekers. In the sales video he is presented to us as a programmer who developed software for rich clients at a bank, but that is not the truth as we know this is just a ruse designed to instill trust.

Bitcoin South African System Review, SCAM or 99% Accuracy Rate? We won’t start repeating or recycling content we have already discusses, instead we will just highlight the main points. Jasper Boyle has developed a game-changing software that executes trades with “laser-accurate” precision. He would have you believe that this algorithmic trading robot can achieve a 99% ITM (In the money) ratio, but we know better. Boyle is trying to portray himself as this type of Robin Hood character so you can identify with him. He does so by claiming that he is giving this software free of charge to the little guy, and in this way transferring all the wealth and power from the wealthy elite to the common people. In the sales presentation it states Boyle is looking for 15 new millionaires, but that is another lie and we have heard this type of sales pitch so many times that is simply preposterous just like the fake testimonials you see right above.

Fake Bitcoin South African System Reviews Actually our site is first on the scene to expose this fake auto-trader, so with the exception of one YouTube video there are no Bitcoin South African System reviews at all true to now. However, experience tells us that this will change very soon as unethical looking for some easy cash will get bribes in the form of affiliate commissions in order to publish favorable reviews.

Still Trust The Bitcoin South African System? If after everything you have read here you still believe that the Bitcoin South African System app is a reputable or profitable software and would like to invest, then you should probably start looking for other means to generate passive income as online trading is most definitely not for you.

A Few Reliable Alternatives Cheating systems are like a dime a dozen and can be found everywhere you search online. Fortunately our staff cherry-picked a few select systems which have withstood the test of time and produce consistent results. These money-making machines are listed in our recommended section, we invite you to check it out.

Bitcoin South African System Review Summary, Conclusions, and Helpful Tips The Bitcoin South African System scam is a BLACKLISTED get-rich-quick crypto scheme which is a part of a fraud affiliate network. As we previously mentioned, this is the 5th copy of an existing sales presentation which has been altered and adapted to fit the target markets (in this case its South Africa). There is nothing genuine or legitimate about this software, and if you have been illegally solicited to join this program by SPAM email, fake Facebook ads, fake media ads, or annoying popups, then you should know that you are officially being targeted by crooked online promoters looking to cash in on your lack of knowledge and understanding of the crypto markets. To recap, our findings are indisputable, clear, and transparent. We are warning all our South African members to AVOID the Bitcoin South African System app, trading robot, and software at all costs and seek alternative investment avenues. As always, we can be reached via our YouTube Channel, Facebook Group, and G+ profile.

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