Trading robots are the latest development in the crypto universe at the moment. There are more and more offers worldwide where software and computers are now used for trading instead of traders. Bitcoin Billionaire is also such software and the name alone is tempting. Who wouldn’t want to bathe in trillions of bitcoins! (Although this would also be difficult in reality, since it is virtual foreign exchange). But well, the idea remains the same. The fact that an algorithm works for you and that you can easily reap the benefits is particularly appealing. But as tempting as that may sound, crypto robots also have their downsides. There are many reports of fraudulent sites, total losses and a lot of trouble in connection with some providers on the net. How is the new Bitcoin Billionaire cryptobot doing?
Bitcoin Billionaire: how it works
Similar to some of its competitors, the platform offers automatic trading using a crypto robot. The software is intended to generate profits for users through the sale or purchase of digital currencies. Mainly, Bitcoin, currently the strongest and best-known cryptocurrency, is traded here. After a few default settings, the software acts completely independently and continuously analyzes the market, charts and trading signals in order to place a trade at the right moment. The aim should be to use and increase the capital used as best as possible. According to the provider, little more is needed than registering, activating the software and everything else runs automatically. Depending on the market trend, the robot is from Bitcoin Billionaire with the digital currency and (at best) generates profits for the users.
The website: a lot of marketing and high expectations
The Bitcoin Billionaire website has a very similar structure to other providers. Among other things, interested parties can expect a video, centrally integrated on the page, which praises bitcoins and the trade with them in the highest tones. The advantages of the software are also presented.
Some reports from members say that they have already made millions from the bot, with little or no prior knowledge or time. In fact, there have been incredible returns in the past, especially the beginnings of the Bitcoin Era, and yes, some investors have been getting rich with it. But now prices in the markets fluctuate quite a bit – trading with digital coins is a highly speculative investment.
According to the website, Bitcoin Billionaire is expected to generate around $ 6,325 a day on average. That sounds more like excessive self-promotion and should probably mainly attract new customers. Such high expectations probably do not correspond to reality.
Newcomers in particular should be aware that such utopian promises do not necessarily speak for serious marketing. Profits are certainly possible, but so are losses.
Serious or fraudulent? What to look for when choosing trading robots.
There are black sheep among all trading platforms in the digital currency world. Unfortunately, reports of dubious practices are read again and again. If you want to use a crypto robot, especially with a new provider on the market, you should check it as best as possible. Intensive internet research is advisable with reports, tests and reviews before making a decision. It is of course even better if there are experiences in the circle of friends or someone already successfully uses a crypto bot. There are also some licensed providers and it would be good if at least the company headquarters is known.
The conclusion about the platform
In test mode, the registration and use of the demo account worked well. The redirection to the broker Aspen seems strange at first. Although the demo version did not trade with real capital, the return was quite acceptable. The extent to which this is also successful in real trade cannot be said in this way.
The crypto robot is based on an algorithm that can actually generate profits, but there is still a certain amount of suspicion because the site is similar to other platforms that have received rather poor reviews on the web. Overall, the experience reports on Bitcoin Billionaire are split: some users report high returns and excellent functionality, while others report that the payment methods were problematic or that profits were withheld. Distinguishing real reviews from fakes is unfortunately a big problem on the web, so caution is always advisable. A cryptobot like Bitcoin Billionaire is more suitable for investors who have enough liquidity, are not dependent on capital and who want or want to take high risks for potential profits. The use of the platform would therefore probably not be recommended for people with a rather conservative investment desire with as few risks as possible and moderate to small growth.