The Bitcoin Profit system claims it can enable you to earn millions from Bitcoin even whilst the crypto markets are crashing & you’re even led to believe that you can begin generating your first profits just moments after signing up…
But no doubt you probably suspect that those kinds of promises sound a little too good to be true, and I don’t blame you… So what’s the deal, is it actually legit, or is the Bitcoin Profit system a scam that’ll just end up taking money from you rather than actually helping you make it?
Thankfully if that’s what you’ve been trying to find out you can rest assured that you’ve landed in exactly the right place as I’ve took a closer look at how it all works & in this honest review I’ll be uncovering everything you need to know, including whether you can really actually make any money with it or not. 🙂
What Exactly Is The Bitcoin Profit System?
The Bitcoin Profit system basically claims to be an automated trading system that can allegedly guarantee to generate you profits from crypto-trades even if the value of the cryptocurrency is actually going down rather than up.
So whereas typically people will buy a particular cryptocurrency in the hope that the value of it rises so that they can sell it for more at a later date & profit, the Bitcoin Profit system actually places bets on whether the price will rise or fall during a set period of time.
This means that even if the value of Bitcoin dropped, providing the bet placed by the system was that it was going to drop, you as the trader would still profit because you didn’t actually buy the currency… You just placed a bet on what it was going to do.
But how do you know whether it is going to go up or down? Well, you don’t… And by norm this means of trading, which is known as binary options trading is actually VERY risky… Because it’s closer to gambling than trading.
It’s so risky in fact that even Forbes themselves published an article warning people about it (shown below) and many – including myself have branded binary options trading as nothing but a scam.
But this is where the Bitcoin Profit system comes into play, because this particular system claims that it has been developed around a “secret” algorithm which can indeed (allegedly) predict whether or not the price of cryptocurrency will rise or fall… And this is how they claim to be able to guarantee you profits.
The system looks for trends, detects whether it believes the cryptocurrency value will rise or fall – and then places trades on your behalf. The idea is that you’ll begin making money on complete auto-pilot…
Does it really work? Sadly the answer to that is NO. I’ve actually seen several other so-called automated binary options systems prior to this one such as the Online Profit Generator system for example which I most recently reviewed & they have ALL turned out to be nothing but flat-out scams. The Bitcoin Profit system is no different.
I do appreciate though that even though it is a scam, you might not just be willing to take my word for it as you might have been really hoping that the system was going to work for you & generate you lot’s of money… So instead, let me show you how it really works in order for you to see what yourself why it WON’T work as promised…
How The Bitcoin Profit System Really Works…
At a glance the whole thing seems ideal, and it would easy to get sucked in by all of the hype found on the website of the Bitcoin Profit system… But that’s exactly the creator’s intentions. Everything you’re told on the website is fake & they’re merely trying to lure you in so that they can earn some money at your expense.
You see the creators of the Bitcoin Profit system have actually affiliated themselves with a binary options broker, and this means that if they get anybody to sign up & deposit via that broker then they earn themselves a commission… A pretty huge commission too.
So they’ve came up with the genius plan of inventing this fake “foolproof” system that supposedly enables anybody to profit… And surprise surprise all you have to do to get access to it is sign up & make a deposit via their “recommended” broker…
But this is where the problem arises, because the broker they recommend to you is actually just a scam binary options broker – meaning if you deposit with them, you’ll lose any & all of the money you deposit.
Then, after depositing (which I totally don’t recommend doing) you’ll merely be left to find out the hard way that the Bitcoin Profit system doesn’t actually work anywhere near as promised… In fact instead of making consistent winning trades like it claims it will in reality it will make nothing but losses.
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? It just wouldn’t make sense, and if it were true such a system would put the brokers straight out of business…
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!
Which brings me onto…
My Verdict – Is The Bitcoin Profit System a Scam?
I can confidently say that the Bitcoin Profit system is indeed 100% a scam & it should definitely be avoided. The whole thing is built upon deceit & lies & it’s only intention is to part you with your hard earned cash so that the creators behind it can earn themselves some money at your expense.
After signing up to the system & depositing via the broker (which I totally don’t recommend) you’ll just be left to find out the hard way that it doesn’t work as promised & then you’ll also discover that the broker will do everything they can to prevent you from withdrawing your money back out. Essentially it’s just a hyped-up cash trap.
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.
There are plenty of legitimate programs out there like Wealthy Affiliate for example through which you can learn how to get started properly online & if you really do put in some effort then you can certainly find good success. In fact hundreds of new people are seeing success every single day at WA & if you’re interested you can read about how it all works by clicking here.
But I just hope that my review here has helped you from handing your hard earned cash over to the crooks behind the Bitcoin Profit system & I hope that it’s given you a better idea as to how these types of binary options scams actually work. If you do still happen to have any further questions about it though that you feel I didn’t cover then don’t hesitate to leave a comment below & as always I’ll get back to you as quickly as I can. 🙂