You may have seen adverts for Bitcoin Loophole or even read the website entries about how two guys won over the Dragons Den (BBC TV) for Bitcoin Loophole.
Hers’s part of the sales pitch:-
Two best friends from university pitched their idea for an automated bitcoin trading platform, called Bitcoin Loophole. The idea was simple: allow the average person the opportunity to cash in on the bitcoin boom. Even if they have absolutely no investing or technology experience.
A user would simply make an initial deposit into the platform, usually of £250 or more. The user should open a position on Bitcoin and let the trend do the work for him.
Deborah Meaden deposited £250 live on the show then account management helped her opened up a position on Bitcoin so she could buy low and sell high.
Peter Jones said “Bitcoin is so hot right now and if even somebody like Deborah, no offence Deborah, can make money from it, I’m all in. I need to have a piece of this. I’m going to make a huge offer, £2 million for 25% of the company.”
Before the entrepreneurs even had a chance to respond to Jones’s offer, Deborah Meaden interrupted and said with a smile on her face: “I’ve gone up to £398.42 after just 8 minutes”.
Although at this point all 5 Dragons were ready to invested, a bidding war quickly emerged between Touker Suleyman and Peter Jones. Suleyman improved on Jones’ offer, by £2.5 million for 25%, whereas Jones hit back with a revised valuation of £2.5 million for 20%, effectively valuing the company at £12.5 million.
Then some quotes apparently days after the show.
“Bitcoin Loophole has been the greatest investment I’ve ever made! The business has been growing at over 2,400% this year alone. And as a user of the platform, my Bitcoin trading profits have increased by 320% on virtual autopilot.” – Peter Jones
“Bitcoin Loophole has revolutionised the world of investments for me. I’ve almost completely abandoned my normal stock portfolio in favour of Bitcoin trading. With the use of Bitcoin Loophole, you can make more money, faster, easier and with absolutely no prior bitcoin or investor knowledge.” – Tej Lalvani
And so it goes on for pages becoming more and more ecstatic over how much the Dragons love Bitcoin.
The final pitch is to get you to sign up immediately so as to not miss the opportunity.
This is a good example of fake news as the whole thing is written to look like a news item but is completely fake.
The websites showing the fake news items are also fake – deigned to look like news sites and with logos stolen from reputable news organisations.
IT’S ALL FAKE
Peter Jones and others have publicity denounced these fake stores and Bitcoin Loophole as a scam.
Do not be taken in by fake news and scams and do not invest in anything without professional advice or at least checking for yourself that it is genuine.
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