- Bitcoin Revolution is one of many automated trading apps that promise a lot of money in a quick and easy way and has also experienced some controversies regarding the way it operates.
- For a better understanding of Bitcoin Revolution and other automated systems, it is best to read about both advantages and disadvantages of the system.
- Bitcoin Revolution has a lot of similarities to Bitcoin Circuit, which is mostly seen on their webpage.
In the sea of automated trading systems, it is easy to get confused while choosing the best one. Most systems promise a fast capital, with only a half an hour a day spent using the app. One of them is Bitcoin Revolution, which caused a lot of controversies once coronavirus pandemic started and people needed to find an extra capital gain.
ALSO READ: How has COVID-19 affected bitcoin price?
As the systems have an option to be completely automated, the fast and easy capital increase attracts many people who might not have a lot of prior experience in cryptocurrencies and shares trading.
Therefore, everyone should be aware of the positive and negative aspects of automated trading systems first, which can be read in the following text.
MUST READ: How does Bitcoin Circuit work?
What are the advantages of automated systems?
- Less emotion
Traders have a tendency of investing a lot of emotion into their work, which has a possibility of disrupting their plans. With automated systems, traders are offered to have some of the work done by the software – there are no questions asked, as the system operates on its own, once given all the specifications traders want to meet.
In summary, traders do not have time to overthink if they should buy or sell shares – the system does everything for them that is why some indecisive traders do not need to worry about pulling the plug.
- Multiple accounts
In real world, traders can use different strategies to get the very best result of their investments. In the automated world that works when traders open multiple accounts and make use of them with different tactics. This approach is usually a lot harder to achieve in real world, as humans tend to stick to one strategy at a time, but with the existence of multiple accounts, the software does the same thing within seconds and shows how trading process is carried out in the market.
As every trade rule and execution are put in the system, the trade discipline is well-maintained, and there is not a lot of space for changing the trade plan. Connected to less emotion being invested into trading, investors are more likely to stick to the plan if the system has all the parameters.
The best thing about this advantage is the consistency that the automated software brings, as traders could have a fear of committing to the trade after losing a lot of money on two shares in a row.
What are the disadvantages of automated systems?
- System fails
Even though automated trading systems should be reliable most of the time, there are always situations when the computer can experience an error, or the internet connection could pause for a second. That is how long it takes to cause a system error, and there is a possibility that the trade would not get finalised.
Also, most automated systems do have a learning feature, but it takes a while to develop. That is why it is recommended to start with smaller investments rather than the big ones, as there could be more mistakes made if the pattern is not properly set up.
Even though the automated system sounds good in theory and seems like not a lot of work needs to be done around it, automated trading systems still require paying attention to the screen.
The system has the possibility to fail at any time, so traders need to invest some time in occasionally checking what is going on with their investments.
Last but not the least, the automated system could be a potential scam. Checking third parties for testimonies could be a good place to start with. Also, one should check whether the app is legit or read terms and conditions that the app requires to be accepted. If all things are checked, automated trading might be a nice start of something new.
Now that we explained most possible situations that automated trading could bring, let us talk about Bitcoin Revolution.
What is Bitcoin Revolution?
Depending on different kinds of research, there are different things stated about Bitcoin Revolution.
On the official Bitcoin Revolution website, it is mentioned they are an exclusive group for traders that want to take advantage of the current bitcoin situation.
At first glance, it looks very similar to the Bitcoin Circuit webpage – user experience and testimonies with their pictures, live updates and how much money the users have earned, as well as where the app appeared.
How did Bitcoin Revolution start?
Bitcoin Revolution history enlightens users on how bitcoin as a cryptocurrency became a thing, not providing much detail about the app.
ALSO READ: Bitcoin for Beginners: 5 things you need to know
Bitcoin was launched about 10 years ago and has changed a lot since then, it all began with how the first bitcoin purchase was made for two pizzas.
Bitcoin Revolution states their app being user-friendly for all the people interested in trading, even those who have no previous experience in trading.
How does it work?
First of all, users need to register their account on the Revolution website. Once all the details are filled in, the signing up is completed, and the platform is free to use.
The first investment will activate the account – Bitcoin Revolution did not put any limits to it, so users can choose how much they want to put in the software.
After signing up and making the first investment, the account should be all set for other trades. The automated software will work with one press on the trade button, whereas manual trading will take a bit more effort than pressing one button.
Bitcoin Revolution claims to have the most accurate and advanced software in the world. A very similar thing can be seen on the Bitcoin Circuit page too, as well as getting rewards from the US Trading Association.
Is Bitcoin Revolution for real?
One thing for sure is that Bitcoin Revolution app actually exists, and anyone can join it. But different online resources show different things about how real the Revolution is.
As per market reports, Bitcoin Revolution is not a scam and offers a range of positive advantages. The reports describe it in-depth, how it works and where users can check the credibility of the app.
On the other hand, there had been market reports warning Bitcoin Revolution customers about a potential scam. There was one incident of how the app got in trouble with the Securities and Exchange Commission Philippines, issuing a warning about it.
The Philippines Government cautioned about promises that sound too good to be true, as well as asking for investments before activating the account.
Whatever one decides to do, he/she should keep in mind both sides of the story and see what works best for their wealth.