The bitcoin profit
Nov 09, · Bitcoin Profit is a cryptocurrency trading software that uses market trends and signals to perform profitable trades by buying and selling cryptocurrency at the right time, with a win-rate estimated at 92%. The Bitcoin Profit trading system uses a . Dec 13, · What Is Bitcoin Profit And How Does It Work? The Bitcoin Profit software is advertised as a Bitcoin System which can make you “stinking rich” and earn millions even when crypto markets are crashing. In reality it is a fake automated crypto robot designed to execute losing trades and in that way steal your money. Mar 30, · 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/
The bitcoin profitI bought $ in bitcoin. Here's what I learned
Small investors like yours truly have a fear of missing out on a chance to get rich quick. And when the value of your bitcoin doubles in a week, as it did for me, it's easy to think you're a genius. But you can get burned assuming it will keep skyrocketing. Some investors have likened the bitcoin hype to the dot-com bubble. Others, like Dimon, have said it's even " worse " than the Dutch tulip mania from the s, considered one of the most famous bubbles ever.
As Buffett put it back in , "the idea that [bitcoin] has some huge intrinsic value is just a joke in my view. There's also no interest or dividends. Bitcoin serves as a new kind of currency for the digital era. It works across international borders and doesn't need to be backed by banks or governments. Or at least that was the promise when it was created in The surge and volatility of bitcoin this year may be great for those who invested early, but it undermines bitcoin's viability as a currency.
Related: Bitcoin boom may be a disaster for the environment. Then again, if bitcoin crashes, at least I'll always have the socks. Rather than a currency, bitcoin is being treated more like an asset, with the hope of reaping great returns in the future. So is there anything truly valuable about bitcoin? Bitcoin is built on the blockchain , a public ledger containing all the transaction data from anyone who uses bitcoin.
Transactions are added to "blocks" or the links of code that make up the chain, and each transaction must be recorded on a block. Even bitcoin critics like Dimon have said they support the use of blockchain technology for tracking payments. Is there a legal and legitimate way to invest in bitcoin? Bitcoin exchanges have a checkered history. Gox, once the largest exchange, shut down in after losing hundreds of millions of dollars worth of bitcoin after a hack.
Square SQ , the payments service, is also rolling out a bitcoin product. There are also bitcoin ATMs in scattered bodegas and convenience stores around the country, through companies like Coinsource. The ATMs let you exchange bitcoin for cash, or vice versa by scanning a QR code from the digital wallet application on your phone. Related: Millions of dollars stolen in bitcoin hack. With Coinbase, you must first give the app permission to connect to your bank account.
As with other stock trading applications, you pay a small fee for each transaction, buying and selling. But the transaction can take significantly longer. The system looks for trends, detects whether it believes the cryptocurrency value will rise or fall — and then places trades on your behalf. Does it really work? Sadly the answer to that is NO. The Bitcoin Profit system is no different.
After all, why would a binary options broker — a broker that only makes money when others LOSE money — partner themselves with a system that will supposedly enable everybody to profit? And that just proves that the whole thing is a big fat scam. In fact, some of these fake automated trading systems, like the Bitcoin Aussie system which was first released as The Brit Method have actually been put together by the brokers themselves just to trick people into signing up!
Now whilst there are no real ways to make lots of money online without actually doing anything like the Bitcoin Profit system claims the good news is that if you are prepared to put in some work you can actually make good money online — and I myself am living proof of that. The sad truth is that unfortunately most of the programs promising to help you make money online are scams.
But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money. And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is Commission Academy.
In my own opinion, that's the best place to start. I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work But the harder you're willing to work at it, the more you stand to earn with it. So if you're looking to get started but don't know which route you should go down or which program you should join and don't want to waste money on bogus things that don't actually work , then I'd highly recommend checking out Commission Academy first.
You can learn more about it here. Apparently I have already joined WA, because it says my email is registered but I can find nowhere to log in. Thank you. Thanks for your insight and advice Geoff. Are they part of the scam or being shown that they are being used to illegally endorse Bitcoin Profit? Mel Gibson was on The Project, Aussie tv show and he took up a lot of time speaking about Bitcoin and how it would make you filthy rich like him and that he was apart of this Bitcoin fantasy.
He even showed his phone account depicting loads of cash deposited over 31 days. They asked for my personal credit card as the business credit card was considered money laundering. Wonder why they would do that? Yes, exactly…….. Hi Patrick — thanks for your comment. I am not promoting any trading system, nor am I selling anything as you claim. I suggest you have a closer read again, then it will become clear.
I was in for dollar. Then the account manager called me and said i had to start trading again and the money would be freed again. Now a month later they took the remaining 80 dollar. Now i got a call from the manager again and she told me that i needed to invest another dollar to release the money which is mine. The money was kept by the capital market. Which is nonsense. Apparently phone no.
I am getting around 20 calls a day from different locations in Europe Switzerland, Sweden, Germany, etc. Problem is that in the background the same music is running. So must be re-routed calls from the same call center. Yep, I use a burner phone when I investigate these scams… After entering the phone number they blow off like crazy.
Hopefully it dies down for you soon. I was just surfing at random when suddenly I was directed to Profit Bitcoin and of course the initial temptation evolves. He did not convince me and because of Easter he is trying again tomorrow.
In between, numerous calls from similar concerns.