- Bitcoin Revolution is one of the many automated trading apps that promises big bucks in a quick and easy way and has also seen some controversy regarding how it works.
- For a better understanding of Bitcoin Revolution and other automated systems, it is best to read both the pros and cons of the system.
- Bitcoin Revolution has many similarities to Bitcoin Circuit, which is mostly seen on their webpage.
In the sea of automated trading systems, it is easy to go wrong choosing the best. Most systems promise quick capital, with only half an hour per day spent using the app. One of them is Bitcoin Revolution, which caused a lot of controversy once the coronavirus pandemic began and people had to find additional capital gain.
ALSO READ: How Has COVID-19 Affected the Price of Bitcoin?
As the systems have the option of being completely automated, the quick and easy capital raising attracts many people who may not have had much prior experience in cryptocurrency and stock trading.
Therefore, everyone should first be aware of the positive and negative aspects of automated trading systems, which can be read in the following text.
MUST READ: How Does the Bitcoin Circuit Work?
What are the advantages of automated systems?
- Less emotion
Traders tend to invest a lot of emotion in their work, which risks disrupting their plans. With automated systems, traders are offered some of the work that the software does – there is no question asked, as the system works on its own, once all the specifications that traders want to meet are given.
In summary, traders don’t have time to think too much about whether to buy or sell stocks – the system does everything for them, which is why some undecided traders don’t have to worry. pulling the plug.
- Multiple accounts
In the real world, traders can use different strategies to get the best results from their investments. In the automated world that works when traders open multiple accounts and use them with different tactics. This approach is usually much more difficult to achieve in the 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 in seconds and shows how the trading process is carried out in the market.
- The discipline
As all trading rules and executions are built into the system, trading discipline is well maintained and there is not much room to change the trading plan. Since less emotion is invested in trading, investors are more likely to stick with the plan if the system has all the parameters.
The best thing about this advantage is the consistency that the automated software provides, as traders might be afraid to engage in trade after losing a lot of money on two stocks in a row.
What are the disadvantages of automated systems?
- The system fails
Even though automated trading systems should be reliable most of the time, there are still situations where the computer may experience an error, or the internet connection may go down for a second. This is the time it takes to cause a system error, and the transaction may not be finalized.
In addition, most automated systems have a learning function, but its development takes some time. This is why it is recommended to start with smaller investments rather than large ones, as there could be more errors if the model is not configured correctly.
Even though the automated system sounds great in theory and seems like it doesn’t require a lot of work around it, automated trading systems still require attention to the screen.
The system has the possibility of failing at any time, so traders must invest time to occasionally check what is going on with their investments.
Last but not the least, the automated system could be a potential scam. Checking third party testimonials could be a good place to start. Also, one should check if the app is legitimate or read the terms and conditions that the app needs to be accepted. If everything is checked, automated trading could be a good start for something new.
Now that we have explained most of the possible situations that automated trading could bring, let’s talk about Bitcoin Revolution.
What is Bitcoin Revolution?
According to the different types of research, different things are stated about Bitcoin Revolution.
On the official Bitcoin Revolution website, it is mentioned that this is an exclusive group for traders who want to take advantage of the current bitcoin situation.
At first glance, it looks a lot like the Bitcoin Circuit webpage – user experience and testimonials with their photos, live updates, and how much money users have made, as well as where the app appeared.
How did Bitcoin Revolution start?
The story of Bitcoin Revolution enlightens users on how bitcoin as a cryptocurrency came to be a thing, not providing a lot of details about the app.
READ ALSO: Bitcoin For Beginners: 5 Things You Need To Know
Bitcoin was launched around 10 years ago and has changed a lot since then, it all started with how the first bitcoin purchase was made for two pizzas.
Bitcoin Revolution states that its app is user-friendly for anyone interested in trading, even those who have no previous trading experience.
How it works?
First of all, users need to register their account on Revolution website. Once all the details have been filled in, registration is complete and use of the platform is free.
The first investment will activate the account – Bitcoin Revolution has put no limits on it, so users can choose how much they want to put into the software.
After signing up and making the first investment, the account needs to be set up for other transactions. The automated software will work with just one press of the trading button, while manual trading will take a little more effort than pressing a button.
Bitcoin Revolution claims to have the most accurate and advanced software in the world. A very similar thing can also be seen on the Bitcoin Circuit page, as well as rewards from the US Trading Association.
Is Bitcoin Revolution Real?
One thing is for sure, the Bitcoin Revolution app actually exists and anyone can join it. But different online resources show different things about the reality of the revolution.
According to market reports, Bitcoin Revolution is not a scam and offers a range of positive benefits. Reports describe it in detail, how it works, and where users can check the app’s credibility.
On the other hand, market reports had warned Bitcoin Revolution customers of a potential scam. There has been an incident of how the app has had issues with the Philippine Securities and Exchange Commission issuing a warning about it.
The Philippine government has cautioned against promises that sound too good to be true, and requested investments before activating the account.
Whatever one decides to do, he / she must keep both sides of the story in mind and see what works best for their wealth.