Bitcoin System Review 2020 – Is it a Scam? Truth Revealed
The market for crypto robots and cryptocurrency is booming. Bitcoin System is also a provider of automated trading on the Bitcoin market. The risks of investing in digital currencies are very high, but in times of low interest rates over many years, investors have little choice if they want to at least generate a return to offset inflation.
Time and again you read reports in which investors were able to make thousands of euros in a few days with the help of cryptocurrencies. Investors who have saved for years with fixed-interest savings or savings books will probably shed tears in the eyes of such stories. However, it often happens that investors lose everything and their entire savings disappear in digital nirvana.
Choosing the right trading robot is really not easy. There are many options available and some of them can be quite confusing. We looked at the opportunities and risks that crypto bots offer, especially the Bitcoin System.
With the Bitcoin System software, you can trade with Bitcoin (BTC) automatically, because the robot actually does most of the work. The paid Capital is invested in BTC and should generate the highest possible profit. In addition to cryptocurrencies, the user can also trade with stocks, raw materials, CFDs or Forex (i.e. on the foreign exchange market).
The Bitcoin System acts as a trader and places its options according to the market situation. The algorithm evaluates price trends, statistics and the market in order to choose the best time to buy or sell. But even a computer system is only as good as the person who created it. Errors are possible, moreover, they are difficult to process a constant negative development, so that the function and mode of operation should also be checked or the automatic mode must be paused if only losses are incurred.
Is the Bitcoin System platform trustworthy?
The demand for crypto robots is growing. According to the provider, around 400,000 people are already using the Bitcoin System crypto bot, and a total investment which already exceeds 5 Billion euros.
These are impressive numbers and would also speak for the seriousness of the platform. Unfortunately, this information cannot be checked. In addition, the website does not look very professional, but looks like a start-up. The advertising is exaggerated and very one-sided, and neither an imprint, risk information nor customer service can be found.
These are now standard, at least for licensed providers. In various tests, profits were made with the help of the bot, but far from millions. This is also quite normal and nobody should seriously expect to become a millionaire on the side. But the demo version is really good. In this way, users can get to know the robot and how it works in advance, as well as the processes involved in crypto trading.
The reports on the platform are quite different. Whereby those on the page themselves only show positive experiences. Sure, after all, you want to win new customers. Certainly some investors are also disappointed if the robot does not bring the desired or hoped-for profits.
It is sometimes difficult to distinguish between users who are really cheated and only disappointed with the results. Although there are definitely black sheep among the providers who do not offer any real crypto bots, but only collect funds without any performance. Bitcoin Systems algorithm seems to work, at least. But here too the risk remains that the program will generate losses. The lower the expectations, the less you can be disappointed. And the more carefully you start and the smaller the amount invested, the less you can lose.
Getting started with Bitcoin System: Would you like to test the crypto trader yourself?
The registration to Bitcoin System is quick. You will receive your log-in data with your name and email address.
At the beginning, we recommend only the minimum sum of EUR 250 as an investment, where a loss may still have to be absorbed.
First of all, users should always test the functionality of the robot and platform first. There is also a demo version available, which is really practical. This allows you to test the functionality of the platform and see how the algorithm worked without any financial risk. However, it should be noted that the demo videos often work with very positive examples and make the crypto trade palatable to the user.
So do not rely on the results shown, but rather use the function to get to know the processes. If you are ready for real trading, you have to make some settings, e.g. up to what amount the robot should trade or when it should get out. And then it can actually start, the crypto bot does everything else.
Advantages of using Bitcoin System
The advantages of an automated trading program are clear: Robots have knowledge of the market, meaning that specialist knowledge is actually not necessary for investors
Works continuously and around the clock
Does not cost anything
Makes decisions based on data and analysis, without emotions
Also gives beginners access to the market
Certain settings and parameters can be defined individually, e.g. a loss or profit limit.
Although the algorithm works in a very sophisticated way, no profits are guaranteed. The program does a lot of things but is not responsible for losses.
The user also determines the settings and the start of trading and therefore has an influence on the success or failure of the program. Bitcoin Systems cryptotrader is fairly easy to use and offers an easy entry into the world of trading, even without any experience.
Is there a Bitcoin System app for mobile?
There doesnt seem to be a bitcoin system mobile app available. We checked both google and iOS stores. The website, however, works fully with a mobile version.
Protection against theft and exchange rate risks
Be aware that crypto trading is highly risky. As an example, the price plummeted from $ 20,000 to $ 11,000 in a matter of days earlier this year. The platforms and exchanges are also exposed to hacker attacks. Protect your computer and digital wallet in the best possible way. The Bitcoin system seems to be a piece of legit software that really works to do as it is intended: earn as much profit as possible from trading on the crypto market for its users.
You can find out more by visiting the Bitcoin System website and registering for free.