Is Bitcoin Profit a Scam? Read This Before You Invest In It!
Found yourself wondering “is Bitcoin Profit a scam or real deal” then you have come to the right place. We’ll break down the Bitcoin Profit in this a thorough review.
Today, almost everyone knows about Bitcoin and a little bit about other cryptocurrencies, thanks to 2017 Bitcoin surge.
Most people can clearly remember how Bitcoin hit $20,000 in December 2017. It was crazy! Even people who never heard of Bitcoin was running around to invest in it.
Following this new record set by Bitcoin, a lot of new websites began to pop claiming they are going to make you rich beyond your wildest dream only by investing in their Bitcoin program. To be honest, a lot of people made money from Bitcoin then.
Unfortunately, most people also lost their investment. I could still remember a friend who sold his car to invest in a Bitcoin program, he lost both his investment and the car.
The truth is, not every investment is a good investment, and this is why I always recommend that you do thorough and exhaustive research before investing in any program.
Most programs you see online are just bubbles and some of these programs will cost you a lot of money and time. Bitcoin itself isn’t a bubble. It has a lot of potentials.
However, the problem is that most people don’t understand how Bitcoin works. Thus, the so-called gurus usually take advantage of these people by designing programs made to scam them.
Instead of investing your hard-earned money in what you don’t understand, you will be better off investing in affiliate marketing, which is one sure way to always make money online. I will tell you more about affiliate marketing later in this article.
Name: Bitcoin Profit
Type: Bitcoin investment program
Price: Free to join ($250 deposit later)
What is Bitcoin Profit?
Bitcoin Profit is a trading software created by a man known as John Mayers who described himself as a developer and CEO of the Bitcoin Profit program.
He even claims that you will be earning 10 thousand per day using his trading software.
According to him, Bitcoin Profit trading software operates 0.01 seconds faster than the market average for trading signals.
This implies that you can make use of his software to trade Bitcoin as well as other cryptocurrencies with higher chances of making profits.
It is important that I mention that John Mayer’s Bitcoin Profit is not the first of such software to enter the market. I have come across numerous cryptocurrency software in the past.
Unfortunately, most of them stopped working when Bitcoin crashed last year. Thus, it is really important that you make your research thoroughly before investing in any Bitcoin trading software.
How Does Bitcoin Profit Works?
To understand how Bitcoin Profit works, you need to understand how Bitcoin trading works. Even before that, you need to understand the concept of Forex trading.
If you have been trading Forex before, then you will only have a little to learn. Otherwise, the whole concept of Bitcoin trading may be too challenging or overwhelming for you.
Honestly, I have found some Forex gurus who found it difficult to understand how Bitcoin trading works.
According to the creator of Bitcoin Profits – John Mayers, his product will teach you how to trade Bitcoin in the cryptocurrency market and also provide you with a software that will significantly increase your chances of winning trades easily.
You can register on Bitcoin Profit for free. Once you register, you can then fund your account and start trading with signals which you will get for free.
Basically, you don’t make a payment to the platform. However, one question that most people asked is how do the owners make money?
The guys behind Bitcoin Profit make money from taking a small percentage which is about 1% of their user’s profit. You will trade with your own money, the platform will provide you with signals to guide you.
If you make a profit from the trade, the platform will take about 1% of your profit for providing you with their services.
After creating your account on this platform, you can fund it and start trading immediately or you can test with a demo account.
If you want to practice, you will get a total of $1500 you can use to practice until you are ready to trade with real money.
When it comes to making a real deposit, the minimum amount you can deposit on the platform is $250.
How To Make Money With Bitcoin Profit?
You make money with Bitcoin Profit by trading Bitcoin as well as other cryptocurrencies on this platform. Bitcoin Profit will provide you with signals that will guide you.
However, remember that these signals act as only a guide and there is no guarantee that you will win all your trades when you use the signals. You can still lose.
You will require a minimum deposit of $250 to start real trading on the platform. When you win a trade, the platform takes about 1% of your profit.
You can choose to re-invest your earnings on the platform or withdraw them to your Bitcoin wallet.
After making a profit on the platform, it is possible to withdraw your earnings within 72 hours.
The Ugly Truth About Bitcoin Profit
The guys behind Bitcoin Profit claimed you can make up to $13,000 a day using their software to trade. Additionally, they claimed that their software gives 91% accurate signals.
Of course, my research showed that both claims are false. Among all the users I have talked to, none of them reached the $13,000 claimed by the people that created the software. Additionally, they all agreed that the software does not give 91% accurate signals.
To use this software, you will need to deposit at least $250. You cannot withdraw this money unless you use it to trade for a certain amount of time. Thus, before you make a deposit, make sure you are willing to trade on the platform.
Moreover, you could lose all your deposit. Bitcoin is very volatile. This is one thing the creators of this program failed to mention on their sales page. You could continue to lose money until your entire deposit is exhausted.
Again, it takes a really long period of time to master Bitcoin trading. Besides, even after the so-called period of gaining experience, most of your trading will still depend on guessing and their inconsistent signal. This is certainly not a great way to make money online.
Fortunately, there are other make money opportunities out there that don’t need to risk your hard-earned money. You might want to try a Wealthy Affiliate. You aren’t left guessing what your earning will be.
What I Liked About Bitcoin Profit?
If you are wondering how Bitcoin Profit works, you can actually register on the platform without risking any money. You can register for free and then take a look to see how it works.
Before investing real money for trading, it is always a great idea to test the platform with a demo account. Fortunately, Bitcoin Profit provides a demo account you can use to test your trading skills before investing real money.
You Get Signals
You will also get signals when you choose to trade on the platform. However, it is important to mention that these signals aren’t 100% accurate or even close to that. You can still lose a lot of trades even after using the signals.
Is Bitcoin Profit a Scam?
To be honest, Bitcoin itself doesn’t have the best of reputation. This is one industry where there is a lot of scams going on. In most cases, investment in Bitcoin usually leads to one losing his money.
Nevertheless, Bitcoin trading isn’t bad. It is a great way to make money. Additionally, Bitcoin Profit is not a scam but they made some huge claims.
I wouldn’t recommend you invest in Bitcoin trading. This is mostly because it requires a lot of time and experience. Besides, Bitcoin is very volatile. You could easily lose your earnings on Bitcoin.
One sure way to limit your risk while earning money even while you sleep is through affiliate marketing and this is exactly how I make money online.
How I Make Money Online?
Over the years, I have overcome the temptation to be distracted by all the buzzes in the Bitcoin industry. This is because I hate bubble investment. Instead, I stick only with what works.
Affiliate marketing remains the best strategy to earn money online. It takes significantly less time to master it and you could start making money right away from other people’s product.
I started affiliate marketing a few years ago and I have never looked back since then. You could be making as much as 7-figure income per month if you start today.
Fortunately, I’m here to teach you. But first, I will recommend you join Wealthy Affiliate for free. I learned everything I know today about affiliate marketing on Wealthy Affiliate.
This program is completely free to join and will make you a master of affiliate marketing within a couple of weeks.