Bitcoin Profit is an automatic trading system which promises profits to its users. Bitcoin, the first digital currency has taken the world by storm with many people becoming first-time millionaires during the spike in Bitcoin prices in 2017. Since then many have taken trading in cryptocurrencies seriously, with some even making it a full-time day job.
Making money through trading in these digital assets requires technical and analytical skills that very few possess. Additionally, it takes time to learn the practical details that lead to successful trading. As a result, trading robots have become invaluable trading assistants .
Unfortunately, there are more fake bots than legitimate ones. Our goal is to research different trading robots to find out if they are legit. In this review, we share our findings of the famous robot, Bitcoin Profit.
Many reviews claim that Bitcoin Profit is a legitimate robot, and it seems traders also agree. Our research makes the same conclusion, but we’ve still broken down Bitcoin Profit and analysed its capabilities.
BTC Profit is free and automated cryptocurrency trading software that helps beginners, as well as professional traders to maximise their profit gains. It achieves this by first linking the trader to trading exchanges and then uses specific market indicators to determine the future performance of a given cryptocurrency. According to the official website, it is ahead of the market by 0.01 seconds. That is, if the price is to change at 14:00:00hrs, the robot will indicate it at 13:59:99hrs.
Not much is available on the background of the robot. It claims to be the brainchild of a person named John Mayer, but no information is available about him. The terms and conditions on the site also indicate that the software operates under the laws of Estonia.
The little information about the team behind the robot is not a sufficient reason to flag it as a fraud. Several legitimate robots do not provide details of the team behind them. It might be a trend amongst the whiz kids behind these sophisticated platforms, or they do it for safety reasons. There is a lot of attention in the auto-trading industry due to the many copycat scams out there. For this reason, many owner/operators try to remain anonymous to protect any unwarranted issues.
Registering is easy, you’ll need to fill out your name, email address, phone number and then set a password.
Once into your account, hit the deposit button to get started. You will need to deposit the minimum amount, which is $250.
Once you have funded your account, you will need to decide the trade settings you intend to use.
The official website is simple and straightforward. It provides some performance expectations, claiming 99.4% accuracy. It also offers insight into crucial features of the robot, and an option to use the demo account before starting.
Unfortunately, there are many copycat scams out there of this robot, so be careful and make sure to use the official robot link on this page.
Bitcoin Profit is free and delivers with nearly the same accuracy as subscription-based robots. It provides you with a certain level of control; which is a standard feature in all legitimate trading robots. Its limitation, besides the numerous clones, is not allowing the trader to choose a broker of their choice, but as a beginner, this is usually something that won’t impact your trading results.
It has been reported by many online that Bitcoin Profit is a legitimate cryptocurrency trading robot. Its reputation has made it a target for scammers who have created several clones to dupe traders. It does, however, still require polishing on its website to remove the sales pitches that worked well in 2017 when the cryptocurrency market reached all-time high prices. They include 99.4% accuracy, $1,300 profit daily, and the other high yield investment sort of adverts that really were from the huge boom in cryptocurrency back in 2017.
The promises may have been attainable between January and November 2017, when the price of Bitcoin rose by over 2000%, and other cryptocurrencies even hit 7000%.
However, the market soon took a nosedive and has since remained on the bottom baseline. As a result, such claims make this reputable robot sound like a scam to anyone without a background on the market conditions when the site was set up.
Cryptocurrency trading is becoming more sophisticated as many factors come into play and the market matures. The best practice is to opt for a trading robot that has grown with the industry, probably as old as Bitcoin itself. Try Bitcoin Profit today on your browser or download the mobile app to give it a try for yourself.
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