The interest in Bitcoin and other cryptocurrencies is still unbroken. At the beginning of 2017, hardly any investor had the coins on the radar. Half a year later the crypto coin shot through the ceiling. At peak times, a BTC was trading for over USD 20,000. It is clear that many traders wanted to take a slice of it.
In the meantime, the hype has calmed down somewhat and trading is no longer driven solely by emotions. A good return can still be achieved with Bitcoins.
As soon as traders are looking for opportunities to enter into trading transactions on the cryptocurrency, disillusionment quickly sets in. The whole thing is much more complex than initially thought. Especially the technical correlations require extensive training. But I want to start trading right away? Anyone who thinks like that and looks for alternatives will find Bitcoin profitable.
Here, a Bitcoin Profit review is promised without long familiarization. Can the whole thing be serious? Or is it simply Bitcoin Profit fraud?
Bitcoin Profit Overview
When Bitcoin Profit is accessed for the first time, a website with a modern look opens. The main focus of the site is clearly on investments in Bitcoin. The cryptocurrency has indeed made smart investors rich in 2017, who have recognized the opportunities of the cryptocurrency. In 2018, Bitcoin has indeed experienced a massive slump. But as Bitcoin Profit correctly states, cryptocurrencies can still make a profit.
The offer is not only based on rising exchange rates. Bitcoin Profit wants to put investors in a position to earn money with crypto coins in the bear market as well. For this purpose, the platform relies on modern software with which trends in the crypto market can be exploited immediately.
Bitcoin Profit’s website includes a short FAQ that addresses important aspects of trading. These are kept rather general. Bitcoin Profit does not address individual concerns here. When scrolling towards the bottom of the page, the operators show what other users think of the platform. First and foremost it is shown here how the generated profit can be implemented. From a trader’s point of view, it would have made more sense to perhaps take a look at sample portfolios including a performance overview.
At the very bottom of the page is the obligatory “small print”. Bitcoin Profit is also aimed at investors from German-speaking countries. However, the terms and conditions and data protection information are completely in English, which requires appropriate knowledge. Experienced traders will have a few problems with this – at least according to practical experience. After all, English is generally “trader jargon”.
Bitcoin Profit Account Registration
After the first impression regarding Bitcoin Profit, the question of how to register on the platform is open to debate. The operators are committed to making the entry into trading as easy as possible. A fact that must of course also have an impact on registration. What Bitcoin Profit experiences are we making at this point?
The registration form can be found directly on the Bitcoin Profit homepage. Interested investors will find the entry form directly next to the Bitcoin Profit user experience video. Only very few details are required here. These include first name and last name.
Another item is the e-mail address. All information that is mandatory for registration on an investment platform. What else needs to be entered at Bitcoin Profit? Only the telephone number/mobile phone number is required. This means that the input mask is actually completely filled out.
What else stands out in Bitcoin Profit? Registration on the platform is free for new traders. In addition, the data transfer is protected by SSL encryption. Aspects that certainly raise expectations. What do our other Bitcoin Profit experiences look like? Up to this point, we have not found any indications that Bitcoin Profit fraud is the main focus.
Bitcoin Trade Investment
In order for investors to actively participate in trading with Bitcoin Profit, a deposit of the investment balance is required. According to the platform, the minimum deposit is 250 EUR. Less can not be deposited. This puts the offer at the level of other well-known brokers. If you want to trade in cryptocurrencies, you also have to deal with the mechanisms of the crypto market.
Background: Crypto coins are an extremely volatile crypto market environment. This is partly due to the fact that liquidity – compared to other currencies – is much lower. Millions of USD are traded on the markets every day. If the EUR/USD currency pair is held directly next to it, these are peanuts.
It is essential to deal with aspects such as trend analysis. This is about deriving trading signals. Only then will it be possible to make the right decisions. What influences the price of coins? This is about very different aspects. On the one hand, there are:
- Bans and regulation
- Hacker attacks on the Krypto Exchanges
Which drives the price – or send it plummeting (usually the latter scenario is more likely to occur). On the other hand, a significant point is the so-called halving. Background: There is an aspect built into Bitcoin as a crypto currency that is astonishing at first. At certain intervals, the number of Bitcoin contained in a block is halved.
The first two Halvings have:
took place. So about every four years, the possibility of mining Bitcoin with a block is halved. This development has led to upward price jumps in recent years. So now quickly register with the automated trading platform Bitcoin Profit and trade on the exchange? Does the platform also open the necessary wallet right away?
Bitcoin Profit: This must be clear
In the review of Bitcoin Profit, we have of course made a test registration. We wanted to find out what the platform offers in terms of return on investment. After all, at first glance, the website gives the impression that it is a crypto bot. Here, Bitcoin Profit trading platform investors can trade automatically and have to spend much less time than in manual trading.
After registering and clicking “Get started now“, Bitcoin Profit surprised us. Instead of taking us to the backend of the automated trading platform, the Bitcoin Profit forwards us directly to a CFD/FX broker based in Cyprus – Investous. Ultimately a trading account is opened here. What did we notice at this point?
- Trading account with Investous must be topped up with 250 EUR
- An investor risk profile is created right at the beginning
- Investous opens a demo account with 100.000 EUR “play money
The Investor Risk Profile aims to test the risk appetite and investment experience of newly registered traders. Among other things, it is asked whether relevant investment experience exists or whether a job in the financial sector is being pursued. On the other hand, the broker also wants to know in which asset class the investors move.
What can be traded at Investous? The broker focuses on Forex and CFD (contracts for difference). Both are leveraged products. How high the leverage is, depends on the investor risk profile classification. Retail traders – i.e. small investors – can trade on majors at a maximum of 1:30 and on crypto coins at 1:2. Only real professionals use the broker’s flexible leverage, which allows very high profits.
In this context, by the way, we also understand why this automated trading platform, Bitcoin Profit, talks about making a profit in both the bull and bear markets. Leveraged products can be traded in both short and long positions. This means that Bitcoin Profit yields can be earned even if the Bitcoin price goes massively into the red.
Tip: By taking opposing positions, these trading instruments offer the opportunity to hedge positions.
What is important?
Betting on cryptocurrencies with a broker like Investous looks like easy money at first glance. But: In practice, it is important to make the right decisions. These must be based on chart analysis. Simply guessing into the blue rarely leads to the goal. Especially with the Demo Account, you can gain the know-how, the learning curve is relatively steep.
Decisive factors include finding the right indicator and knowing how well it can filter trends and their quality.
On the other hand, it must be clear that the leverage can also run against the position of the investor. If this is the case, the whole thing leverages the losses. And can tear a huge hole in the portfolio. Here it is important to be familiar with the appropriate order supplements. Even:
- Stop loss
- Trailing Stop
A stop-loss is the emergency brake in case the course runs out. If the price touches the set price level, the automated trading platform closes affected positions. A trailing stop is a de facto take profit and stop loss. As long as the price is rising, the platform will follow the stop at the set distance. If the chart turns negative, the profits are taken.
Simple Bitcoin Profit registration, entry into trading without hurdles – many investors dream of this. Bitcoin Profit promises in part exactly these conditions. Among other things – so our Bitcoin Profit experienced – investors should be able to profit from rising and falling prices.
What does the conclusion after the review look like in the end? At first glance, the whole thing looks solid and modern. Bitcoin Profit Registration is easy. But what you have to keep in mind is that with the registration the path does not go directly to the platform – but to a partner broker. Here the account is opened – and we also receive the access data from the broker. Anyone who decides to do so must be clear about where the risks lie here.
What must not happen under any circumstances: Rely solely on Bitcoin as a financial investment. Start trading and start using Bitcoin Profit software without trading experience. Keep on looking for more Bitcoin Trading review and find out how this trading software will help you make money every day. Using Bitcoin profit is an easy thing, especially with the help of demo trading.