Bitcoin robot providers always advertise their bots as excellent money generating apps. However, the experienced traders can tell you that a genuine crypto bot will not make too much in a day since it emulates the same trading strategies employed by the human trader. The only difference is that a robot is more efficient, it is not affected by emotions and it is quick in executing orders.
Novice traders find themselves confused by the empty promises of most crypto bot of automatically generating thousands of dollars per day just like that. And very many new crypto bots are using such advertisement techniques. If you do your research, you will come across platforms like Bitcoin Money that promises their users easy trading life with lots of money for free.
Bitcoin Money claims to be a crypto robot that helps the trader to automatically generate free money by trading on their behalf. However, we could not prove the existence of this bot since its website was nowhere to be seen on the internet. We hope the website is somewhere hidden deep in the search engines though.
After careful research, we could not ascertain who is behind the development of this platform. This lack of transparency raises a lot of red flags for us, and in the past, we have found that similar websites claiming to be an auto-trader are in fact, merely redirects to unregulated brokers.
It is for this reason that we recommend extreme caution when dealing with Bitcoin Money.
It is always very important, to carry out research about crypto bots before investing your money with them. However, for some of them like Bitcoin Money, this could be quite difficult since there is very little or no information about them on the internet.
The fact that it was difficult to find the official website of the Bitcoin Money platform is a signal that this crypto bot could be a scam. There is a probability that the platform had surfaced sometimes back and several traders made deposits with them and then the website mysteriously vanished from the internet. However, since we don’t want to judge it too early, we still hope that its website is still somewhere on the internet since it would be very unfortunate to fraud traders like that.
But all in all, it would be advisable to find an alternative bot instead. Do not invest your hard earned money with a bot that you are not sure about.
For any crypto bot, it is also very important to understand the logic behind the trading algorithm. A genuine trading bot will always stet that it is based on such and such trading strategy or on such and such technical indicator or fundamental analysis. A crypto bot cant jus promises you free money whereas it doesn’t tell us how it is able to make that money.
And there are better alternatives to Bitcoin money that you can invest your money with. There are crypto bots that have been proved by traders and found to work and they are profitable.
Investing your money with the right crypto bot is very important. Once you deposit the funds with a crypto bot platform, the security of that money purely rest on the platform operators and if they are just scammers, they will end up vanishing with your money. That is why it is always very important to invest with a well-known crypto bot rather than investing with a bot that you even barely know.
In our case, we would not advise investing with Bitcoin Money. There are better alternatives out there like Cryptosoftwhere you can invest your money.