Yes the Bitcoin Robot is a scam. I bought 10 bitcoins. I used the robot and it brought my bitcoin number down to 2.774 as it made more losing trades than winning trades. I turned it off when I realized what was happening.
This story is nothing but good news for Bitcoin Trading Exchanges. As the bot continues to trade on the open market, Bitcoin Exchanges will keep earning a commission. Bitcoin Exchanges collects a 0.2-0.5% fee on every trade.
Whether or not you decide to automate your trades, the basic rules apply: dont trade more than you can afford to lose, and dont go into any investment without at least a basic understanding of what youre doing.