Almost every time someone is pushing a scam, you will hear him or her say “this has nothing to do with Forex, bitcoins or other such proven and long-discredited scams.” Well, the Bitcoin Miracle Guide (BitcoinMiracleGuide.com) is exactly such a scam. It’s built on people’s relative ignorance concerning this cryptocurrency. On one hand, it sells freely available information for money, while on the other, it may actually promote some sort of illegal and abusive ways to generate bitcoins. Then again, those who push such schemes will likely not want to share their gains with random people who buy an eBook, so that part isn’t really likely.
Before we go anywhere with this review, let’s set a couple of things straight. You can only get your hands on bitcoins in two proper ways, short of downright stealing them from other people. You can mine bitcoins, which is a painstaking activity that carries less and less upside for those who do it, or you can buy them at a legitimate exchange. That’s it. Know that if someone promises you “methods” through which you can get bitcoins, other than the above said two, you’re likely being scammed, tricked into doing something illegal, while also getting your computer infected with viruses and malware.
So what exactly do we have on our hands with Bitcoin Miracle? This is an old scam. By the looks of things, it first got off the ground in 2014 (as one can verify by checking whois.com). First of all, it obviously tries to build on Bitcoin hype. It points out how much value the virtual currency gained since its inception, as if that had anything to do with how one could actually acquire some. As a matter of fact, the rising value of Bitcoin makes it much more difficult to obtain, if anything. Then, it makes a bold promise, saying that those who pick up the advertised eBook, will be able to turn $15 into $10,000, without any work whatsoever. This is the second major red flag regarding this scam: it looks too good to be true, and indeed it is. A quick online search will reveal that there are no happy customers out there at all. Surprisingly, there are a few positive reviews regarding the “service” but at closer inspection, it becomes obvious these are all fakes, perpetrated by the same bunch of people. They’re all written in poor English, with the obvious intention of polluting the search results when it comes to the “brand” they represent.
So what do we know about the Bitcoin Miracle Guide other than the fact of course that it’s a scam?
The Bitcoin Miracle Guide website claims their eBook delivers all sorts of information on Bitcoin, in regards to what it is, how it works, how it’s earned and what sort of terms are used with it. All that is available online for free, just about everywhere, so that represents no value at all. Other than that, the scammers guarantee to teach their readers how to purchase bitcoins through PayPal and then how to multiply them through a secret technique.
They promise to teach people how to double and triple the bitcoins they already have, which is frankly impossible to accomplish in a legitimate manner. The Blockhain is the very mechanism which prevents the double spending of bitcoins – the problem every cryptocurrency needs to overcome. If one can double or triple his/her bitcoins without any effort, that means stealing and scamming others.
Indeed, there’s quite a bit of scamming going on here, but the ones who do it are not the people who purchase the eBook, but those who sell it to them.
The claim according to which people will be able to generate thousands of dollars worth of bitcoins in just one hour per day, is the way of this scam to arouse curiosity in those who stumble upon the website.
The actual eBook is about nothing more than some Bitcoin education, which is – as said above – available for free anyway.
The way the site is set up is very scammy as well. Besides the repeated and aggravating calls to action, the wild promises and the standard urgency-inducing methods, the scammers have posted a picture of Milton Friedman at the bottom of the page, to make it seem like the economist has something to do with the Bitcoin Miracle “deal.” Obviously though, that is not the case.
The incessant pop-ups which pester those who try to click away from the page, promising additional discounts, are but the cherry on this scam-cake.
Needless to say, the money-back guarantee at the page’s bottom, made to look like some sort of official document, is non-existent. Once you part with your money, parted you shall remain!