Bitcoin system is an automatic robot for trading the cryptocurrency market. It claims to help users make huge profits by speculating the future price of over 60 cryptocurrencies. It’s beginner-friendly, free, and requires little trading experience to use. Keep reading to discover if it’s legit or a scam.
What Is The Bitcoin System?
The Bitcoin system is an Autotrader launched in 2016 to help crypto investors minimize the risk of trading the volatile crypto market. The team comprises specialists from different disciplines and is headed by two MIT quant and a renowned Wall Street trader.
Essentially, the software is built on robust Artificial intelligence that scans the market 24/7 in its attempt to help you make profitable trades. It’s 100% automatic; therefore, it handles everything from market analysis to buying and selling crypto.
The Bitcoin system analyses are exceptionally fast and accurate, giving users an edge over other crypto traders. However, it also has the manual mode that enables experienced traders to set their preferred strategy or do their analysis just for its fun.
How Does The Bitcoin System Work?
The software helps crypto investors profit off the $2.2trillion crypto market in multiple ways. Here is how it achieves its goals.
First, rather than waiting for the crypto price to appreciate, its algorithms scan the entire crypto market, monitor the news, read forecasts and help you bet on volatility. As a result, investors can always remain in profit in every market condition. Alternatively, the AI-powered robot also monitors the prices across different cryptocurrency exchanges helping traders capitalize on the little price spreads.
The Bitcoin system outperforms other trading bots because its algorithm is automatic, self-sufficient, and requires little trading experience to operate. The only thing you need to get it running is to select a broker, set trading parameters like stop loss, and take profit margin, and you’re pretty good to go. This should take less than 20minutes.
On this note, it’s easy to see why every beginner should incorporate it into their trading tool. Besides being more accurate and faster than the best human trader, it saves the experienced trader several hours watching the market.
When you think you need to burn a hole inside your pocket to use the bitcoin system, you will be pleased to know that it’s free. However, you need to deposit $250 into your account to get started. Not to worry, all the money is yours and would be used for trading. The owners make money by charging only a little commission from the profit you make using the software.
Essential Features of Bitcoin System
Some of the stand-out features of the bitcoin system are:
The platform works on a proprietary algorithm that enables you to make an insane amount of profit within a short time of using it. It claims to give a return of up to 60% of your trading budget within the first 8 hrs of using it.
The Bitcoin system algorithm runs on robust Artificial intelligence and its subset of Machine Learning (ML) and Natural Language Processing (NLP). This enables it to quickly scan the entire crypto market, make several thousands of simulations, and give you the best result to use for your trading. All this happens in less than a second.
The Autotrader uses a smart contract that is built on blockchain. Apart from the excellent security of blockchain, the technology also presents a quick way to verify all transactions. Furthermore, the platform also partners with the most reliable robot brokers in the industry, thereby guaranteeing the safety of users’ funds.
This bitcoin system has a comprehensive blog and video tutorial that guides you from rookie trader to pro. The tutorial covers everything from crypto trading basics to how to operate the platform.
Why Should You Use The Bitcoin System?
The benefits of using this crypto robot trader include:
The software depends on intelligent AI to make swift and accurate trading decisions that help you make an immense profit. The robot broker built into it also provides for quick and instant implementation. Its forecast is estimated to be around 88% accurate. Realistically, this means you can win at least 7 out of every 10 trades you place.
The Bitcoin system’s high-performing algorithm can give you a weekly return of about $2000 on a $250 trading capital. Some users made a million-dollar profit within a few years of trading with the robot. So, the only limits are your risk appetite and experience.
No trading fee
The trading robot is free despite its excellent track record. It doesn’t attract any subscription or service fee. Instead, the Bitcoin system makes its money from charging a little commision from the affiliate brokers, who remove a few percent from your profit.
Supports many cryptocurrencies
Unlike other crypto robots that only predict the price of one asset, the bitcoin system speculates the price of close to 70 cryptocurrencies. This includes popular cryptocurrencies like Bitcoin, Etherum, Ethereum Classic, Dash, Binance Coin, Litecoin, Ripple, Cardano, etc. This gives you access to many markets and increases your profitability.
The Bitcoin system prioritizes the safety of users’ funds and information. As a result, it builds its system on the blockchain and has its website fully encrypted. Besides, it only works with regulated brokers and is one of the few trading robots with an anti-hacking team.
Bitcoin System Vs. Other Cryptocurrency Trading Bot
|It supports 65 cryptocurrencies including bitcoin and other altcoins. Users can also use it to trade popular pairs and CFD.||Most crypto trading bots support one or a few popular cryptocurrencies. Moreso, they do not have CFD trading|
|Secured with blockchain technology, SSL encryption, firewall protection and works with trusted brokers||Some trading bots are relatively insecure and prone to hacking.|
|No trading fee||Charges exorbitant price|
|Relatively easy to use as it requires little trading experience||Complex and best suited for experienced crypto-traders|
How to Join Bitcoin System
The platform mandates that you create a profile before gaining access to its full features. Here is how to become a premium member of the bitcoin system and start making a huge profit
This is the first step to becoming a member of the platform. Registration is easy, straightforward, and takes only a few minutes. First, you should find your way to the Bitcoin System official website and locate the purple ‘sign-up button at the top right corner. Clicking the button takes you to a new page where you need to complete the sign-up form. Usually, you will be asked to enter your name, location, email address, and telephone number. Click submit after that and proceed to verify your email address.
You need to deposit $250 into your trading account to become a premium member and gain access to its full features. The broker uses this to help you buy and sell the crypto you want to bet on. Usually, you have the option to make payment with fiat or one of the accepted crypto.
Try the demo account.
The Bitcoin System has a demo account that helps you hone your skill before trading with real money. This makes sense because it familiarizes you with the platform and gives you an idea of what to expect.
Start trading live
Trading live speculating on the real market with actual money. Ideally, live trading takes years of study and preparation. But, the Bitcoin system eases your trading journey by helping you out with all the technical trading decisions. It also presents you with the opportunity to either use its trading recommendation automatically or manipulate it via the manual trading option. Whichever you choose to go with, you’re in good hands.
Tips to Making Profit Using Bitcoin System
The crypto robot trading recommendation is accurate and precise. You’re almost sure to win over 70% of your trades when you trade with it. But at the end of the day, it’s still a robot making near-perfect guesses. So, the following are extra tips you can use to get the most out of this predictive algorithm.
Learn about cryptocurrency
It would be best if you had basic knowledge about the cryptocurrency market before using the robot. The Bitcoin system is here to shorten your learning curve. So, you don’t need to venture into the bits and pieces of bow trading works. Instead, just basic knowledge about the history of crypto, trading strategies, risk management, support, and resistance, how to place a trade, etc., would do.
Practice with a demo account
This point can not be overemphasized. The demo account is a simulated version of a real-world crypto market. It still enables you to put your skill to use and gain invaluable knowledge about trading – all of this without losing your capital. However, you cannot cash out your earnings since you are wagering with virtual money.
Another tip to minimize losses is to start with little trading capital. The lowest amount you can deposit on this platform is $250. Ideally, this would permit you to take as many trades if you use a small lot size.
Withdraw your earnings
You’re just making your first few baby steps into the world of crypto. This is not the time to start compounding. If you’re lucky enough to win your first few trades, we advise you to withdraw your earnings. Otherwise, you can set the profit aside for future use. The point here is that winning your first trade doesn’t mean you should necessarily change your lot size or entire strategy.
Is Bitcoin System Legit or Scam?
The Bitcoin system appears to be legit for many reasons. First, most of the users said the platform has really helped them make lots of profit after a few months of adopting it. Second, it’s well-reviewed among crypto pundits, and most of them have positive things to say about the platform. Moreso, the bitcoin system has a 4.5* rating on Trustpilot after 5000 reviews which is great.
Furtherance to its legitimacy, the platform has its algorithm built on blockchain, which means users can easily verify all transactions. It also works with some of the most regulated partners and robot brokers in the crypto market.
The only thing to worry about is that the details about its founders are a little bit sketchy. In comparison, the website has credited the innovation to the geniuses of two MIT academics and a successful Wall Street trader. But, unfortunately, it withheld their names, pictures and refused to give further information on their background.
If you overlook the mystery about its founders, then the Bitcoin System meets up with other requirements and could be said to be legit.
After a thorough outlook into the working principle of this robot, we consider that the Bitcoin System is a reputable platform. It could help you make a fortune in the cryptocurrency market.
However, it would be best to do your due diligence by gaining a solid grasp of crypto trading before using it. Moreso, like all investments, it comes with its risks. Therefore, you want to ensure that you trade with caution.
FAQ about Bitcoin System
How much can I make with the Bitcoin System?
Ideally, you can make up to a million dollars within a few years of using this platform. This is in line with a return of 60% of your trading budget in 8hrs, which the platform promises. Additionally, most users have been able to make around $2000 weekly using the Bitcoin system.
Does the Bitcoin System Have a Mobile App?
The Bitcoin system doesn’t currently have a mobile app. However, you can pretty much access its website on any device with a browser and internet connection. The Bitcoin system website is easy to use and loads fast.
What currency can you trade with the bitcoin system?
You can trade 65+ cryptocurrencies, popular currency pairs, and CFD.
How much trading knowledge do I need to operate the bitcoin system?
The Bitcoin system is beginner-friendly. Therefore, only a little knowledge is required to operate the robot. Interestingly, all the resources you need to kickstart your trading journey are right there on the platform.