Bitcoin has become the new craze in trading and apparently the highway to the heaven of richness. I am bombarded daily in my inbox with offers to join the growing millionaire club of people who are trading in bitcoin. So I have decided to do a Bitcoin Profit Review to find out “Is Bitcoin Profit a Scam?” I choose that one because it was the latest offer I got.
My attention was also drawn to the Bitcoin Profit after seeing many claims and testimonials persons who indicated that the software has helped them earn a lot of money. However, many people are sceptical, including me, hence the need for a comprehensive review to ascertain the true possibilities of Bitcoin Profit.
It is no secret that the emergence of digital currencies has thrown the world’s financial markets into a tailspin. This is due to a large number of people who claim to make millions of dollars in profits trading their choice of cryptocurrencies. In spite of this rosy picture, the cold, hard truth is that the people who traded Bitcoin or other cryptocurrencies profitably have required an in-depth understanding of market movements and the different factors that have an impact on the value of digital coins.
Unfortunately, many who try to get into the promised land of crypto riches have only to the agony of defeat to talk about. The truth is, not everyone is an experienced, professional trader with the analytical skills necessary to identify the ideal parameters for trading Bitcoin and other digital currencies.
However, Bitcoin Profit has indicated that it is now possible to enter winning cryptocurrency trades, even if you have never traded before.
The world of trading seem fast-paced and hectic and does not invoke instant wealth contrary to what others would want you to think. Rather than the sporadic pushing of buttons, trading requires informed decision-making strategies.
Bitcoin is very volatile. In other words, you can make a nice profit if you manage to correctly anticipate the market. Then, on the other hand, you could lose thousands in the blink of an eye.
So let us get to the matter at hand: Is Bitcoin Profit a scam or not – Can you realistically make an income trading with Bitcoin Profit.
What is Bitcoin Profit?
The Bitcoin Profit is an automated trading software for cryptocurrencies. It is particularly designed to trade bitcoin, which is by far the most valuable cryptocurrency. It can closely monitor the cryptocurrency market signals to identify market trends that are favourable to traders. It claims that users can make significant profits every day by buying cryptos at a low price and selling when the price increases.
Bitcoin Profit claims that you could earn $10,748 in only one day, just one hour after signed up their website, without doing anything, just investing a little quantity of money at first and then you will become rich.
The software is advertised as a system which can make you earn millions even when crypto markets are crashing. All you have to do is to put money into their platform for them to trade crypto on your behalf.
The website starts with a bullish prediction about people making millions by trading crypto, and the site assures that you can always join the exclusive club of Bitcoin millionaires despite the crypto rout.
Bitcoin Profit was created by John Mayers in 2017, whose software allows you to trade with Bitcoin automatically, without having the need to control the trades.
Once you create an account on the Bitcoin Profit platform, you just have to configure it according to the signals and trends emitted, and Bitcoin Profit will do all the work for you. The algorithm is very complex, but the interface on the platform is smooth and user-friendly.
The automated system relies on signals and daily trends, which are closely monitored and speculated to determine the best time to buy and sell crypto. Hence, the software does all the work while users can sit back and count their earnings. The system is similar to the Bitcoin Trader; another automated trading software that works excellently. Even with the average uncertainties in the market, the intelligent robots that run the Bitcoin Profit software remarkably increase the chances of every user to earn more passive income.
How Does Bitcoin Profit Works?
The Bitcoin Profit software reads the signals it receives from the market trends, then analyses them and establishes a percentage of success in different operations. If you configure it in the right way, Bitcoin Profit will be in charge of identifying the best opportunities in the crypto market and making the most profit possible.
The Bitcoin Profit software is free and they do not charge you anything by using it, except the 1% commission on all your successful operations. It works by sending signals on the daily trends, and automatically opening and closing buying orders.
The application provides its users with the trading signals for free and performs the buying and selling of Bitcoin automatically with their selected broker inside the platform.
At a glance, the whole thing seems ideal, and it would easy to get sucked in by all of the hype found on the website of the Bitcoin Profit system… But that’s exactly the creator’s intentions. Everything you’re told on the website is fake & they’re merely trying to lure you in so that they can earn some money at your expense.
They claim it is performance-based and charge 1% of the winnings or $100 a day, but this is technically impossible as all payments are wired via brokers to your bank account NOT theirs. These ripoff artists are selling you this lie because they believe it will help them sell their fake app better. They say they have a unique trading algorithm which has over 98% accuracy, and that is a lie.
Is Bitcoin Profit a Scam: Can You Really Make Millions from Bitcoin Profit?
That seems to be the million-dollar question, which everyone asks themselves before joining this programme.
Bitcoin and other crypto-assets can be highly lucrative, but also have a very high risk due to their volatility. On the other hand, they can also be a scam just another sophisticated and cunning way to lure your money from your wallets.
You have to do your research and be a very vigilant lookout for all the red flags from programs like these. I am sure there are many people who will tell you that it is a legitimate business and they have made money from this program but my advice is to take it with a grain of salt.
Bitcoin Profit system have actually affiliated themselves with a binary options broker, and this means that if they get anybody to sign up & deposit via that broker then they earn themselves a commission.
After depositing you will quickly find out the hard way that the Bitcoin Profit system doesn’t actually work anywhere near as promised. For most people, the reality is that that lose more than they had invested.
Actors doing testimonials………
During my research, I came across this very interesting piece of information which I this is necessary to share with you. Take note that the person here claiming to make thousands of dollars is a Fiverr actor.
So if you choose to use to go ahead and sign up for Bitcoin Profit it is very important that you take time to learn the business. Do not rush into high investment until you can comfortably manoeuvre yourself.
- Start Small. You should start with a small investment to get yourself familiarised with the software. Start with the minimum deposit required of $250. Once you start making profitable trades, then you can choose to invest a little more to make higher payouts.
- Withdraw Your Profits. Don’t forget to withdraw your hard-earned profits but you have to reinvest some of the profit earned, to continue earning more and more.
- Follow the Expert’s Advice. You should definitely mix up a little bit with other settings and strategies from users who have tried the software themselves. Read a lot about the program and watch videos on Youtube.
- Only Invest What You Can Afford to Lose. You should only invest additional money that you are willing to risk. Investing in cryptocurrencies has a high risk due to volatility. You will find lurking on the web reviews of users who have invested a lot of money into Bitcoin Profit but didn’t get the results expected. That’s completely normal to happen in such a volatile investment like buying cryptocurrencies. Remember, high risks provide high rewards.
My Verdict – Is The Bitcoin Profit System a Scam?
Although many people have already signed up with Bitcoin Profit, it is still a very complicated and risky venture to go off in if you are not fully aware of the business. The main problem is that people who have never traded in the bitcoin business buy into the hype of making millions of dollars so they create an account expecting to make money immediately as they have been made to believe.
In reality, bitcoin trading is fairly new, although a lot of people are making thousands of dollars there are unscrupulous people who prey on the vulnerability of others and scam their money.
Personally I believe you can make a lot of money from Bitcoin trading but I don’t believe Bitcoin Profit is the way to go about it. The promo of the program is built upon deceit and lies. I think the sole intention is to get your hard-earned cash.
After signing up to the program and depositing via the broker you’ll just be left to find out the hard way that it doesn’t work as promised and then you’ll also discover that the broker will do everything they can to prevent you from withdrawing your money back out. Essentially it’s just a hyped-up cash trap.
So if you are looking for a way to make money online, one without the hype and the promise of millions immediately I can recommend you to one. Just tolet you know there are no real ways to make lots of money online without doing some work, contrary to what Bitcoin Profit wants you to believe. So if you are prepared to put in some work you can actually make good money online.
There are plenty of legitimate programs out there like Wealthy Affiliate through which you can learn how to get started properly online and if you really put in some effort then you can certainly find good success. In fact, hundreds of new people are seeing success every single day at Wealthy Affiliate if you’re interested you can read about how it all works by clicking here.
Thank you for taking the time out to read my review to find out more about Bitcoin Profit I hope it has helped you to make an informed decision whether or not you still want to invest your hard earned cash. If you feel I didn’t give this program justice feel free to comment below.
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