According to the video presentation of Bitcoin Prestige there is a ban in China and Russia that prevents residents of these countries to use bitcoin.
And this ban is allegedly about to be lifted, which will allow 1.5 billion people to enter this market. This is supposed to make the price of bitcoin go up, which you can profit from.
The BTC Prestige software will send you trading signals so that you can make money. Really?
BTC Prestige scam
First of all, bitcoin is not banned or illegal in China and Russia. People from both countries are using it since the beginning. In fact, the biggest bitcoin miners are from China. As you can see, BTC Prestige starts with a big lie.
So, it is also not true that those two countries will suddenly open to bitcoin, no change of this kind is possible, since they already are using bitcoin. Therefore, a sudden price spike is not possible due to big markets opening for this cryptocurrency.
The problem is that bitcoin has not reached this level for more than two and half months! Check the bitcoin chart on the right and you will see that bitcoin has been struggling with the $10,000 level since the beginning of March.
All these programs are scams, real users have confirmed this to us.
How it really works
After registering with BTC Prestige you will be pushed to deposit at least $250 with an unregulated broker called Xmarkets.
This is because people who run this scam are getting paid by this broker for referring new depositors. If you deposit, they will get paid their commission and the trading software will lose your money. That’s how it works.
BTC Prestige is a total scam that wants to lose your money with a shady broker. Stay away from it!
If you really are interested in trading cryptocurrencies, try it first on free demo with a regulated broker to see how it works.
You need to learn some basics and understand the risks to be able to later trade with real money.