May 15, · There are many questions and myths regarding Bitcoin Trader and its legitimacy, especially the earning potential for investors interested in trading. During our investigation we have found out that Bitcoin Trader is indeed a legit trading platform associated with regulated companies. Oct 23, · Bitcoin Trading Summary. Bitcoin trading is the act of buying low and selling high. Unlike investing, which means holding Bitcoin for the long run, trading deals with trying to predict price movements by studying the industry as a whole and price graphs in particular. Nov 28, · With the help of the Bitcoin System, one can not only trade with cryptocurrencies but also get the spot to trade with raw materials, stocks, CFDs or forex exchange markets (Forex).
Is bitcoin trading for realBitcoin Trader Review Is it really a scam or legit? 🕵️ We investigate
Investing means buying an asset that actually creates products, services or cashflow, such as a profitable business or a rentable piece of real estate, for an extended period of time.
An investment is something that has intrinsic value — that is, it would be worth owning from a financial perspective, even if you could never sell it. Blockchain is simply a nifty software invention which is open-source and free for anyone to use , whereas bitcoin is just one well-known way to use it.
As a real-world comparison for blockchain and bitcoin , take this example from the blogger The Unassuming Banker :. Imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it online, freely available for anyone to use. Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders. I think we can all agree a cure for cancer is immensely valuable to society blockchain may or may not be, we still have to see , however, how much is a Cancer-Pill worth?
Our banker goes on to explain that the first Cancer-Pill bitcoin might initially see some great sales. Prices would rise, especially if supply was limited just as an artificial supply limit is built into the bitcoin algorithm. But since the formula is open and free, other companies quickly come out with their own cancer pills.
Anybody can make a pill, and it costs only a few cents per dose. This screenshot from coinmarketcap. Bitcoin AKA Cancer-Pills has become an investment bubble, with the complementary forces of human herd behavior, greed, fear of missing out, and a lack of understanding of past financial bubbles amplifying it.
To better understand this mania, we need to look at why bitcoin was invented in the first place. As the legend goes, in an anonymous developer published a white paper under the fake name Satoshi Nakamoto. The author was evidently a software and math person. But the paper also has some in-built ideology: the assumption that giving national governments the ability to monitor flows of money in the financial system and use it as a form of law enforcement is wrong.
This financial libertarian streak is at the core of bitcoin. Government-issued currencies have value because they represent human trust and cooperation. There is no wealth and no trade without these two things, so you might as well go all in and trust people. Bitcoin has none of these things, and even safely storing it is difficult. Bitcoin exchanges such as Mt Gox in Japan, Bitfinex and various other wallets and exchanges have been hacked.
The second point is crucial. Let's check out why. The Bitcoin System gets a heavy amount of online reviews from users. On top of that, the platform is quite transparent and gives its users each and every important financial data that can permit them in order to build up informed decisions.
What the Bitcoin System uses is modern algorithms for observing the movements of the markets of Bitcoins and making decisions. These algorithms are formed on modern trading technologies inclusive of artificial intelligence and machine learning. The Bitcoin system enjoys high precision.
The high precision is the outcome of these technologies and also of the fact that it is altered with a big margin.
In spite of this, trading cryptocurrencies always comes with a risk level, and this is the only reason it is recommended not to invest money that you don't want to risk for a loss.
If you look carefully at the reviews, you will see that they are quite positive and thus it easily reveals that the Bitcoin System is quite reliable. Most users have said that this platform is quite ideal for earning lots and making huge profits.
Users claim this platform to be very transparent for proffering each and every needful data that also includes the technologies behind the robot. Also, people have been recommending this platform to invest in as the Bitcoin System is quite easy to operate and also comes with great customer service.
In addition to that, this cryptocurrency trading robot gives a faster and quite a straightforward choosing procedure. The Bitcoin System is nothing more than a standard crypto trading robot. So, obviously, it functions just like any other crypto trading robots with the usage of mathematical algorithms. It does not involve any complicated procedure.
You just need to go through a simple registration process and verify your account and then commence with funding with real money for starting trading live. Now, let's get into the pricing models. Not every similar platform offers a similar pricing structure. In most cases, it becomes obligatory to pay a fixed commission each month in order to keep the account open on the website. There are other cases as well, where it becomes very much mandatory to rent the bots that make the trading in their place.
For your information, you can get a third model as well, but it is actually quite famous among firms that issued tokens at the time of an ICO initial coin offer.
You have to buy the native token of the service if you want these services and hold a particular sum to use several bots and features on the site. You can get to configure the bots easily if you are prepared to pay for these commissions. Once you are done with the needful, you only have to wait and expect your balance to rise.
The Bitcoin System actually cooperates with various robot brokers whose responsibilities are inclusive of smoothing the path of transaction and leverage and the management of deposits. Do not think of robots as a financial establishment, and that is why it does not possess any legal instruction for managing deposits. Brokers come up with leverage up to In this review of the Bitcoin System, here's a little inside on how you can create an account with this crypto trading robot.
This is just for clarifying to the readers whether it is really that simple or not. Let's jump right into it. The first thing to do to use the Bitcoin System is to make an account. You can get a form to fill up on the right side of their official page. Enter your name and email address. Put a security password which should be strong enough. The final step here is to select your nation of residence and provide your phone number.
Do not forget to put the proper international prefix before the phone number. This would allow you to start trading in the demo even before you make any deposit. After you are done with creating your account on the platform of the Bitcoin System, you get to test it in demo mode. Here you will get 1. For this, all you will be left to do is to just click on the "Go to demo" button.
You can spot that on the left side of the page. You will get to spot three items at the top left which are total balance, total profit, and profitable functions. Click on the "Auto Trade" button that you will get on the right side of the page.
You have to hit that button in order to start with your very first crypto exchange in demo mode. After a while, you will find several operations carried out by the platform bots. Examine the outputs and decide whether it is fine to spend your money on the Bitcoin System keeping in mind that trading cryptocurrency always carries high risks. Here you are going for depositing and trading live.