Bitcoin Loophole Review – Is Bitcoin Loophole a scam?
Sci-fi fans have long predicted we’ll eventually live in a world run by robots. While that might not be entirely true just yet, Bitcoin robots now rule the crypto trading world. No, these bots are not androids, they are algorithms instead. Once you’ve read our our top Bitcoin trading robot options guide, you’ll see what we mean.
For now, however, we’re going to take a look at one of the latest upstarts, Bitcoin Loophole. Designed to be user-friendly and deadly accurate, this Bitcoin trading robot is fantastic for newbies and pros. With this in mind, we’ve conducted a Bitcoin Loophole review so you can see what the buzz is all about.
How Does The Bitcoin Loophole Software Work?
Bitcoin Loophole is a trading robot that uses three different trading strategies. Depending on your preferences, you can open the settings page and choose one of the following methods:
– Classic: This system basically looks for a commodity (for example the cryptocurrency Bitcoin) to “break out” of its normal range. This typically signals the start of a trend which the bot will then follow.- Martingale: In simple terms, this system will double your stake each time a trade incurs a loss. The theory is that the commodity will eventually hit an upswing. At this point, you will come out with a profit.- Fibonacci: By taking two extremes – usually a market peak and trough – and then applying some calculations, you can come up with something known as Fibonacci retracements. In other words, the bot can look at – the top and bottom of the market and then come up with the ideal entry and exit prices on its own.- In addition to the trading methods Bitcoin Loophole offers, you can decide how many trades you want the robot to handle, the size of your stake and whether you want to use a low, medium or high risk strategy.
Bitcoin Loophole Technical Features
To support the trading methods above, Bitcoin Loophole allows you to adjust a range of technical features. As we’ve noted, the size of your investment can be altered from a minimum of £25 per trade to over £2,000. From here, you can set the following parameters:
– Profit Investment: Reinvest at least 50% of your profit.- Max Trades: Must have at least one trading running.- Signals: Set how often the bot looks for market signals, from one minute to one day.- Indicators: Select which indicators the Bitcoin Loophole bot looks for. These include, TREND, RSI, STOCH, MACD, CCI, WILLIAMS.- Currencies: The final feature you can adjust is the type of cryptocurrencies you want to trade. At the top of the list is Bitcoin, but you can also set the robot to look for opportunities in the following altcoin markets: Ethereum, Ripple, Dash and Litecoin.
Bitcoin Loophole Profits
Determining how much you can make using Bitcoin Loophole isn’t easy. Because users invest at different levels and the market can move in mysterious ways, it’s impossible to say exactly what Bitcoin Loophole’s profits will be. There are reports of traders averaging $13,500 per day. Naturally, this would all depend on the money you invest, the level of risk you accept and more. What we do know, however, is that the product comes from good stock. The man behind the system, Steve McKay, has said his trading software has made $18 million+ in just six months.
Tutorial About How To Use Bitcoin Loophole
If you’re a complete beginner, Bitcoin Loophole could be the ultimate piece of kit, not unlike an account at one of our recommended exchanges or a trusted crypto wallet. Of course, we’ll use the rest of this Bitcoin Loophole review to unpack this statement and see whether it’s true. However, when it comes to using the software, it couldn’t be easier. As per the site’s FAQ section, getting started requires three simple steps.
1. Make a deposit into your trading account through Bitcoin Loophole.2. Push the “auto-trading” button to “on” via the Bitcoin Loophole dashboard.3. Wait for the software to start.
Linking back to the first step, all you have to do is hit “deposit” and you’ll be taken directly to your broker account at Fin-TechPrime.
After you’ve made a deposit, trading signals (i.e. market updates and information) will be available. Finally, you can click the “settings” button to adjust the trading conditions we’ve mentioned earlier in this Bitcoin Loophole review.
When everything is set, all you have to do is sit back and watch the trades happening in real-time. For those that want to end a trade early, you can turn the “auto-trade” feature to “off”. However, if you want to let the Bitcoin trading robot do its thing, just leave it running.
Is Bitcoin Loophole a Scam?
Is Bitcoin Loophole a scam? No.
Why are we so certain that this trading bot isn’t an elaborate ruse to steal your money? Firstly, the software is free. Creating an account and making a deposit won’t cost you a penny. Because this product earns a small amount of commission each time you (your robot) makes a trade, you don’t have to pay any huge upfront fees.
Beyond this, the algorithms can’t be manipulated. In other words, the software works by picking up trading signals (from experts and exchange data) and not via human input. After receiving the information, the algorithms process it and then execute a trade based on the pre-defined trading strategies and your own personal settings. Basically, everything is driven by data and statistics, which means you aren’t at the mercy of a group of people clicking buttons.
The other point to note is that you may have read some Bitcoin Loophole reviews from users which say it’s a scam. Unfortunately, these opinions are often invalid for two reasons. Firstly, the users are often inexperienced traders that don’t appreciate that results will ebb and flow in both directions regardless of how skilled you are. Secondly, Bitcoin trading robots aren’t infallible. Just as the best traders in the world can’t get everything right, robots also miss things. However, with a success rate of 99%+, the software is capable of making you a profit. Still, it’s important to remember that you won’t make money 100% of the time.
Visit Bitcoin Loophole here
Other Trading Robots to Consider
If you prefer to do your trading at our top-rated Bitcoin broker eToro, there are plenty of alternative robots out there. Because Bitcoin Loophole funnels you into the Fin-TechPrime platform, you will be slightly limited in this respect. To overcome this, visit our Bitcoin trading robot hub and check out some of these leading products:
– Bitcoin-code crypto auto trading robot – Bitcoin Loophole crypto auto trading robot – Bitcoin Trader crypto auto trading robot – Cryptorobot365 auto trading robot- Centobot crypto auto trading robot- Ethereum Code crypto auto tradin- Cryptorobot365 crypto auto trading robotg robot