The rise in popularity of Bitcoin trading has given rise to the development of many trading bots that can cope with its market. Trading bots have been present in the world of stock trading even before the bitcoin trading system has been established. People rely more on these bots because of simple reasons, they can perform much better than their human counterparts. Trading bots lack emotion, can execute tasks with precision and is much better and faster at analysis.
The bitcoin trading bots are not entirely different from their stock trade counterparts. But we can say that in terms of the market that they associate with, the bitcoin market can be more volatile and unpredictable. This is the reason why the use of trading bots are more prominent in the bitcoin market. The bitcoin market requires more analytical power and the trades happen all throughout the day without rest. But this also means that the bitcoin market has better profitability. The use of trading bots can help you take advantage of the bitcoin’s 24/7 market. But with the rising number of trading bots that are popping out lately, it is advisable that you choose a very reliable and profitable trading bot. One of the top choices for bitcoin traders in the Bitcoin System.
Read across this Bitcoin System review and know why this trading bot is considered by most traders as one of the best when it comes to bitcoin trading.
What are Trading Bots?
Trading bots are a type of software that is developed using algorithms to be able to operate automatically. Yes, automatically, meaning that the trader can simply leave it as is after the bot is set to do Live Trading. This type of software also uses API so that it can process information and other types of data. These data are then used for decision making and calculations by the bot.
To summarize the use of trading bots, here are the 2 main reasons why it is very popular in the bitcoin market.
- Trading bots are preferred by new traders in the market. It is because trading bots are automated. New traders aren’t required to do the analysis on their own, the trading bot will do him instead. Trading bots are already built-in with trading strategies that a new trader can use.
- Trading bots are preferred by veteran traders as well. Experienced traders primarily use trading bots on times when they need to be away or when they have something else to do. They can also use the bot to implement some of their strategies that need more computing power.
Things to Know Before You Start Using Trading Bots
Before you use a trading bot, here are some of the things you need to remember.
1. Invest First Before You Can Earn
Of course, without a capital investment, you cannot possibly earn money in the bitcoin market. Most trading bots require and initial investment before you can trade. There are also many scams in the market. To make sure that you are using a trustworthy trading bot, looking for reviews is very helpful. Trading bots that have positive reviews has a high chance of being legit.
2. There are Still Possibility of Losing Money
Using trading bots does not mean 100% profitability. You still can lose on some trades. The true measure of success in automated trading is the accumulated profit after a trading session ends. This means that although you may lose money on some trades, make sure that the actual winnings are higher than what you actually lose in some trades. Losses are a natural part of the market, even when you are using a trading bot that has a high accuracy rating.
3. Roll Your Capital
Trade only what you can afford to lose. Don’t just throw all of your money away in a single trading session. Try starting with the minimum capital. If you are feeling confident in your current market standings, try to raise your bar a little. In some cases, it is better to just be contented to little by little earnings. Combine this strategy with a trading bots automation then you are assured to profit consistently. Just like what they say, you win some, you lose some.
4. Learn the Market
Trading bots are fully automated, but that doesn’t mean that you will leave all the trading and analysis on it entirely. Learn along with the trading bot. Even though a trading bot is better than you with calculating and technical analysis, knowing personally how the market works is really important. You can also use the past trading records of the bot to revise your next strategy. This can help you and your bot to be flexible enough to deal with whatever the market may swing. Also, some strategies are better done manually. For example, closing a trade later or earlier than what your trading bot would have done. You should consider your bot as your assistant, not as a personal trader in your stead.
5. There are Many Available Strategies to Use
There are a number of strategies to use in the market. Some strategies require full time focus and attention. Some strategies may be done in just a few minutes, while others require days, weeks and months. Whatever strategy you want to use, remember that all strategies are very situation based and may not always be as effective as always. Try different strategies that you think are very applicable to the current status of the market. And as mentioned earlier, not all strategies are better done with the trading bot.
6. Use Stops with Your Trading Bot
Trading bots have a function called “stops”. These are a set of conditions that a trader inputs on the trading bot before it goes to Live Trading. These stops will be used by the trading bot to decide whether to buy or sell, according to the users’ preference. For example, you can set the price of a bitcoin that when met, the trading bot will proceed to sell the said bitcoin. This function of the trading bot ensures that you would not miss out on good trades.
7. Watch Out for Hidden Fees
Not all trading bots are free. Some require a monthly subscription payment before you can use them to trade. There are also other trading bots that have hidden fees. To assure that your bot has no hidden charges, remember to use trading bots that are already trusted and has good ratings.
8. Conduct BackTesting
Backtesting can be really helpful in creating strategies for your trading bot. With the use of previous market history, you can use the data to implement strategies that will fit perfectly to the current market status. You can also do live testing to fully simulate the actual market.
9. Create Your Own Trading Strategy
After gaining experience you must be able to formulate your own trading style. This is very important in Bitcoin trading. Strategies that you devised yourself are likely to be more adaptable for you because the possible risk is already known to you. Also, try to create a different style for your trading bot. This way you can be flexible in the current market and can easily adopt on it’s trends.
After learning some guidelines, the next most important thing is picking the right trading bot for you. Here is some info about the Bitcoin System app.
What is the Bitcoin System App?
The Bitcoin System is a trading bot that has a reported 88% success rate, which is one of the highest in the market. Other users of this trading bot are said to profit up to $200 a day with only $250 initial profit. It is also known for being ahead of the market, its software has a means of predicting the future prices in the market. This means that the Bitcoin System app can act accordingly to the upcoming trends and find the most profitable trades in the market. It is also considered as one of the safest trading bots out there. Its users can guarantee 100% security for their investments.
How Does the Bitcoin System App Work?
Like any other trading bot, the Bitcoin System app is programmed with sophisticated algorithms. The developers of the Bitcoin System developed this app so that it can use almost any trading strategies that veteran bitcoin traders are using. But since it is a computer program, it can perform better and faster. With the use of past market history, this app anticipates the upcoming changes in the market and will try to act accordingly. It’s an execution of trades are instant, this means that when the best conditions for a profitable trade are met, it will immediately act on it. This speed assures that no profitable trade can be missed.
Key Features of the Bitcoin System App
- Price Predictions
The Bitcoin market is currently fluctuating in a high rate. This can be worrisome to some traders. But this can also be good news to those that can act accordingly before the prices in the market move again. Having knowledge of the current market standings can help in analyzing the upcoming trends. A trading bot that has the ability to predict the future of the market can be already considered a treasure trove. The Bitcoin System app is said to have the means to predict the future price and trends in the market. This app uses data from previous trades and current market prices to foresight the market movements. This ensures a high profitability.
- Easy to Use Interface
The Bitcoin System app is very easy to use. The interface is very user friendly. You can easily navigate through the app window, even new traders can use it effortlessly. Also, the bot is 100% automated so you just have to adjust some preferences in the settings and you can let it trade on its own. Extremely hassle free.
- High Profitability
As said earlier, the Bitcoin System analyzes past market data and current prices to predict the future trends of the market. This guarantees high profitability. With a capital of $250, you can profit up to $200 per day. Other traders claim to have earned higher the longer they use the app. This is because the Bitcoin System improves its calculating power the more trade that it engages, gaining more ability to find better trades in the market. This self learning ability of the app makes it one of the smartest and highly profitable bitcoin trading app in the market.
- Security for its Users
The Bitcoin App does not share any of its users‘ information to other parties. The software also does not demand for too much personal data from it’s users. The Bitcoin System users can assure that their identity and information remains anonymous. This can lessen the threat of possible identity theft, a problem that has been highly prominent in other online trading platforms. The Bitcoin System app only requires email and phone number to trade, no need for long registrations. Creating an account typically lasts for a few minutes.
- Easy Withdrawal of Money
If you want to, you can withdraw your money anytime you want. Withdrawal with the Bitcoin System app is simple. You simply have to fill up their withdrawal form. After filling up the form, it is then verified. This is to make sure that they are giving your money to the right person. Your withdrawal will be reflected in your bank account in about 24 hours.
How Do You Start Trading with Bitcoin System?
To start trading with Bitcoin System, you would have to create an account first. Here are the steps to follow in order for you to immediately start trading.
|Open an AccountThe first step is creating an account. On the website, you will find a form that requires you to enter your name, email address, phone number and country of residence. You are also required to enter a password. Remember to enter a strong password to make sure of the safety of your account. After registration, you can now head to the next step.|
|Try the DemoAfter creating your own account, you can now try one of its popular features, the Demo Mode. The Demo Mode is a nice feature that lets you know the feel of the app. In the Demo Mode, you will see an “Auto Trade” button. After clicking the button, you will see all of your trades in the window next to it. This Demo Mode helps you decide whether you will proceed to the next step or not.|
|Deposit Your First CapitalIf you decided to continue using the Bitcoin System app, you will now be required to deposit your initial capital. Just click the “Go to Live” button, then click on the Deposit button on the current window. You will be given instructions on how to deposit for your account. You will be connected to an online broker. The payment methods will likely to depend on the broker that you are linked to. Don’t worry as they still offer different payment methods. The minimum deposit for your initial capital is only $250.|
|Live TradingAfter depositing your first capital, you can immediately start trading with the Bitcoin System app. Try going to the settings first and adjust your preferences. Try to set up your stop loss, the maximum amount of profit and the daily trade limit, depending on your choice. You can also adjust the amount of money to trade and the type of crypto that you are going to trade. If you’re still unsure, you can also leave that to the Bitcoin System bot to decide. After setting it all up you can click on the Trade button and let the bot trade for you.|
Is the Bitcoin System App Legit?
Yes! This app is 100% legit. Other Bitcoin System fraud reviews may say that this is a SCAM. Those reviews may as well be a marketing strategy for Bitcoin System’s competitors. Most reviews that you will find online also states that after trying the app themselves, they are able to profit up to $200 a day, some even said that they are able to earn up to $13,000 according to their website. But this may be because those are already veteran traders and that they’re already accustomed to the bitcoin market. And another reason may be because they invested a large amount on their trial. However, I recommend that you only invest in the minimum capital of $250. You can then raise your investment when you find that the app really yields profit.
Is trading with bots 100% profitable?
– Of course not, even trading bots with high accuracy still can not be perfectly correct all the time. Most of the time, loss of money while trading is caused by the wrong implementation of strategies and wrong adjustments on the trading preferences.
How much does the Bitcoin System app cost?
– The Bitcoin System app is absolutely free. The initial $250 deposit is not your trading fee, instead, it is your capital. Also, it doesn’t have a monthly fee, instead, it takes a small percentage of your profit as commission. This commission is used by the developers to maintain the app and website.
Is the Bitcoin System app Legal?
– Yes, the Bitcoin System app is legal. This app is managed by licensed brokers so you can be assured that your money is in good hands. Like in the typical trading market, bitcoin trading bots are regulated to ensure legitimacy.
Does it have a mobile app?
– Currently, it does not have any mobile app, but I heard that a mobile app is currently in development.