- 1 Bitcoin Code
- 1.1 The facts about Bitcoin Code summarized
- 1.2 Register with Bitcoin Code and start – Here’s how it works:
- 1.3 Seize opportunities now
- 1.4 Monetary Systems Does Not Affect The Price of Cryptos
- 1.5 Why Should You Use Trading Bots?
- 1.6 With falling prices profits are also possible
- 1.7 Automatic trading – with the Bitcoin Code Software this is possible
- 1.8 Targets must be realistic
- 1.9 Experience with Bitcoin Code
- 1.10 Is Bitcoin Code serious?
- 1.11 Our conclusion about Bitcoin Code
- 1.12 Risk note
Interest rates have been at rock bottom for years. Investments in overnight or time deposits and therefore not very sensible. The interest rates do not even catch up with inflation. If you want to achieve a reasonable return, you have to choose somewhat riskier investments. Crypto currencies like Bitcoin offer this possibility.
Many an investor has already become a millionaire with Bitcoins and Co.
The chances to earn money in trading crypto currencies are real and the time to enter is currently favorable. However, there are also many dubious providers on the market who are pulling investors over the table. It is all the more important to inform yourself about an online broker who offers trading with crypto currencies.
Those who register and pay in money also have to pay attention to a few things. For example, no high fees should be charged, the withdrawals must work and the customer service should be easily accessible and competent. We have summarized our experience with the Bitcoin Code, the Bitcoin Taxes Discount Code and the offered algorithm and Trade Fintech trading platform for automatic trading here in this report.>> Register at the Official Bitcoin Code website
The facts about Bitcoin Code summarized
- Free demo account
- User-friendly and easy to use trading platform from Trade Fintech
- Algorithm for automatic trading
- Opportunities for returns even with falling prices
- Favourable spreads (fees)
- Fast payouts within 48 hours without fees
- German-speaking customer service easily accessible via live chat and telephone
Register with Bitcoin Code and start – Here’s how it works:
Registration with Bitcoin Code is done in a few steps. If you want to register via mobile phone, you have to download the app with the Bitcoin QR Code Generator. Then, investors only need to enter a few personal details, the e-mail address and a phone number in the registration form. In addition, the user name and a password for logging in must be set and the general terms and conditions must be accepted. Afterwards, a deposit of at least 250 euros can be made in the account area.
- Download the software with the Bitcoin source code. Enter your e-mail address and personal data in the login mask and set your user name and personal password.
- Payment of the minimum deposit of 250 Euro. A credit card or bank transfer can be used for this.
- Start trading or practice with the demo account
Tip: It is best to watch the instruction video first!
Seize opportunities now
When the price reached the 15,000 euro mark at the end of 2017, the crypto currency had turned many nerds and speculators into millionaires. However, only those who bought in time at a much cheaper rate and got out on spades. As a result, the price of the Bitcoin plummeted again significantly because many investors had understandably taken profits.
Those who hesitated too long and bought too expensive lost money. This year, however, the price of Bitcoin has risen again significantly. It is also not foreseeable that the price of a Bitcoin will fall so quickly again.
The chance to get in now and earn money is good. With Bitcoin Code it is even easier to earn at the Bitcoin rate or the rate of other crypto currencies.
There is no need to open a wallet. There is also no need to buy the crypto currency itself, but a so-called CFD or Forex position is opened, which pays out profits when the price has developed in the expected direction.
Markets are now much more liquid, which gives them greater stability. In general, however, crypto-currencies are still considered a very volatile investment. This means that there are usually larger price swings, for example when large investors buy or sell.
Monetary Systems Does Not Affect The Price of Cryptos
Cryptocurrency is a type of digital money that uses cryptography to process and record all of its transactions. The crypto trading market is backed by the so-called blockchain technology. This blockchain technology enables for the transparent, decentralized and unalterable manner of currency exchange. A decentralized currency, meaning it is not regulated by a banking authority or monetary system, is immune to inflation. Its value is determined by the demand itself. This decentralization also results for a cheaper and faster way of money transfer, since it only requires the consent of the two parties involved.
As I stated earlier, the crypto market’s decentralized nature has given it with many advantages. It’s immunity to monetary systems makes it a very stable currency. Even if you travel abroad, you wouldn’t have to worry for its value to decrease, it stays the same. This is very practical for businesses that often do transactions to other countries. They are also exempted from money exchange taxes that are needed when you convert currencies from one country to another. This makes it as a pseudo international type of money.
- Take Advantage of the 24/7 Trading Platforms Market
Unlike banks, the crypto market never sleeps. And since traders are always online around the world, the potential trades are endless. There are different kinds of trading strategies. Some are most effective on long terms. With the never sleeping nature of the crypto market, you have more diverse ways of engaging the market. You will be able to try out different approaches that can adapt to your lifestyle.
Short term trading strategies can also be heavily exploited in the crypto market. An example is scalping. Scalping involves closing trades as quickly as possible as long as it can yield you profit. Although earnings with scalping are minimal, a repeating routine throughout the day can stack up to great profit. This, however, will be more effective with the use of trading bots. You can trade the whole day then let your trading bot do it at night time as you rest.
- Trading Software Bots Can Give a Great Boost
But of course, cryptocurrency trading may not be as easy as it sounds. It requires aptitude in a variety of skills. This fact makes it sound intimidating for aspiring traders. A good option is to use trading bots.
Trading bots are a kind of software that automatically carries out all of the tasks that a human trader normally does. It can analyze, calculate and place trades on its own. Although this software is automated, it’s the user can still do some adjustments to control the total scope of actions that the trading bot will execute. Some of these are the stops, amount to be traded and even the time to halt trading.
In the old days, essential commodities used in daily life were traded in microeconomics. When modernization began, the need to store and track money accurately forced the creation and adoption of the coin and paper money, normally issued by the government.
Then came the invention of the World Wide Web which completely upended the idea of traditional banking. Now, people exchange goods and services without the need for a physical medium of exchange.
As we dive deeper into the 21st century, we begin to see an emerging form of transaction that’s completely different from the ones that we’ve seen before; cryptocurrency. This new form of money is native to the internet and many have predicted it will take over all other types of medium for exchange in the coming years. Let’s explore what cryptocurrency is, its inner workings, and how people like you can get involved.
Why Should You Use Trading Bots?
The number of opportunities in Bitcoin trading is limitless. But the truth is, due to the bitcoin market’s instability, for a person to fully take advantage of the market, one needs to fully focus on the market. Prices can change at any time of the day. Since a human needs sleep and rest, this is really impossible. But with the use of trading bots, the number of possibilities is almost endless. Since bots are created to do what it specializes to do, it can perform much proficiently and accurately than a human. The real motive of using a trading bot is for you to be able to fully take advantage of the non-stop market of bitcoin.
Trading Repeatedly Is Very Tedious
Bitcoin trading requires a series of a repeated task. Searching for trades, closing a deal than selling it again. In some trading strategies, especially in scalping, these activities would have to be done a couple of times a day. Imagine having to do these headaches inducing tasks, again and again, the whole day.
Basically, this is what trading bots do for you. You just have to set it up one time then the trading bot can repeat it over again for you until you set it to stop. Unlike humans, a bot won’t be bored doing redundant and repeating tasks. This is one of the main reasons why trading bots are created, to have someone bare the effect of repeating tasks instead of humans. But it will not repeat a given assignment. It will also try to analyze all the data of all the results of its previous trades.
Bots Have High Accuracy
Bitcoin trading requires a lot of accuracies. Inexperienced traders would sometimes neglect the fact that some of their decisions in going in and out of positions are done without thorough analysis and precision. But as traders tend to gain experience the more they realize that accuracy in trading is a big necessity. All of the trades affect the market, so try to be careful with your trades. Trading bots isn’t that careful at all but in compensation for being a little negligent, they possess high levels of accuracy instead. Also applying strategies manually badly requires excellent skill and diligence. Impatience of the trader may result in him missing out on good deals, or sometimes leaving a position even though a target value isn’t reached yet because of a lack of patience. Being imprecise may result in the original plan not being followed at all.
However, for trading bots, these are all very trivial. The trading bot can effortlessly watch for changes in the market for given conditions and then proceed to carry out the trade exactly the time when said conditions are met. In simple terms, trading bots are very much accurate, prompt and dependable for executing strategies in the bitcoin trading market.
The Bots Can Trade Non-Stop
In simple terms, the bitcoin market is always up. Trading doesn’t stop even at night, not even a single second. Even on times of server maintenance, there will still be people who are still online. The never-ending market of bitcoin trading makes it not possible for a trader to monitor his account. Because as a human, he will eventually need to sleep and rest. And we already know that the bitcoin market is very volatile, that when you eventually look away for a minute, you may have already missed out on an opportunity for a highly profitable trade. After realizing this fact, you either bare the fact that you may really have to miss out on some opportunities or you can use a bitcoin trading bot to do the trading for you even on times that you are soundly sleeping in your bed. Probably most traders will pick the latter option so that there will still be someone that is able to monitor their trades even when they are taking their deserved good rest. On the other hand, you can try different strategies for the day and another for the night. You can try a more engaging strategy like scalping during the day then try a safer style at night with your bot. Everything is up to you. And whatever strategy you use, the trading bot can particularly help to maximize your profit throughout the ever running bitcoin market. Using a trading bot also gives you the opportunity to trade even when you are out on a day to do something else like shopping for groceries or watching a movie with your family and friends.
Trading Without Trading Bots May Take Up Your Time
Not everyone has time to often be on their devices or computer to check the status of their trades. Everybody always has something to do, and its either a trader will pause monitoring his account or entirely stop it for the moment when he has some errands to do. He could potentially miss out on a good trade or be in awe as the market has already taken a price swing. Also constantly checking your account can be very time consuming, and you will be sacrificing your other responsibilities instead. This task is very repetitive and may take up to a few hours. On the other hand trading, bots are different from humans. They can do the trading for you 24/7. And due to the fact that they are computer programs, trading bots can calculate faster, trade precisely and never will be bored doing it repeatedly. All you need to do is set some configurations on the trading bot and let it carry out all the trading strategies for you.
With falling prices profits are also possible
Of course, prices do not always rise. On the stock exchange there is a constant change of ups and downs. If there is a downward trend, no one has to wait until the prices move upwards again. With put positions you can also profit from falling prices. It is even possible to speculate that the price will move up or down, as long as it moves in one direction or the other.
Automatic trading – with the Bitcoin Code Software this is possible
Bitcoin Code offers its investors the opportunity to use an algorithm provided free of charge. This algorithm independently enters into trading positions and closes them at an appropriate moment. With the algorithm, favorable entry points are usually recognized faster than with a chart analysis carried out by the investor himself.
Especially for newcomers to trading, the algorithm for automatic trading is a good aid. However, if you want to build up trading positions yourself, you can do so without the algorithm. Many different currency pairs are available for trading. With the pre-installed tools and indicators on the trading platform, the charts can be analysed and suitable entry signals can be identified.
By the way, not only Bitcoin code has a trading bot that follows a certain algorithm. Banks and large investment houses also use such programs. Experience shows that they usually have great advantages over small investors.
Especially in trading crypto currencies, but also in traditional Forex trading, it is extremely important to react quickly. Positions are sometimes only held for a few seconds, which is why it is also called second trading.
Targets must be realistic
Anyone who thinks they can quickly become a millionaire with Bitcoin code is wrong. Of course high profits are possible. But the risks are just as high. Nor can every trade be a profit trade. Not even the most savvy stock market professionals can do that. Even the algorithm used by Bitcoin Code for automatic trading cannot generate 100% profits.
The statements of some customers on the Bitcoin Code website who have become rich with Bitcoin code and its algorithm may be true, but it is not expected that everyone will become equally rich. Instead, prospective traders should set themselves realistic goals. These should also match the capital invested.
Overly ambitious profit targets or emotions such as fear or greed usually do not lead to long-term success. It is also important that investors familiarize themselves with the basics of risk and money management. For example, you should never trade without hedging and, furthermore, you should never use all your capital in a single trade. If you keep a trading book, you will be better able to analyse where the mistakes were made when you made several trades in a row.>> Register at the Official Bitcoin Code website
It often happens, for example, that the stop losses are set too close to the entry price for hedging, with the consequence that the position entered into is stopped out too quickly, even though the trade would actually have gone well. Such beginner’s mistakes can be better identified with a trading book
Experience with Bitcoin Code
Of course, even Bitcoin Code is no guarantee that all trades will win. There is also nothing given as a gift. There are simply days when nothing really works. Investors who deposit money with Bitcoin Code must expect to incur losses on their transactions. They should therefore only trade with the money they do not need to live or pay running bills.
Bitcoin Code’s trading platform is clear and easy to use. There are several tools and pre-installed indicators to perform chart analysis and detect entry signals.
For trades, it is also possible to use stop losses as order supplements.
A Stop Loss should always be taken in Forex trading or trading with crypto currencies to limit the risk of loss. It is also important that not all the capital is used in a single trade. A recommendation of experienced traders, for example, is to use only 2% of the available capital per trade.
This means that theoretically 50 trades would have to be lost in a row until the capital is exhausted. However, if something like that happens, the devil would have to deal with it. That is not likely. If you also work with stop losses, you will never lose the entire capital invested in a trade if the trade goes wrong.
Is Bitcoin Code serious?
Unfortunately, where money is used, there are always dubious profiteers. Therefore, it is important to find out about a supplier before investing money. It is important that the deposits and withdrawals function smoothly and no overpriced fees are demanded. The customer service should also be easily accessible and speak German if possible.
Based on our experience and customer reports, there have been no complaints about Bitcoin Code so far. If you have had other experiences, please let us know so that we can update our test if necessary.
The trading platform at Bitcoin Code, which is provided by the proven provider Trade Fintech, is considered stable. Quotes are displayed in real-time. The algorithm developed by Sven Hegel, former software developer on Wall Street, has already helped many investors to increase their invested capital.
The spreads demanded by Bitcoin Code from customers in return are relatively low. Deposits can be made with a credit card, but also by bank transfer.
Traders should note, however, that before the first payout, a verification of the information provided at registration will take place. This is required by law under the anti-money laundering regulations. Otherwise, withdrawals usually take no more than two days.
Bitcoin Code’s customer service, which can be reached via Live Chat 24 hours a day, seven days a week, made a competent impression in the test. An employee was already present within a minute. The questions asked were answered satisfactorily.
All in all, we have gained a serious impression of Bitcoin Code, even though some people may feel a little euphoric about the way it is presented on the website. But that’s marketing today.
Our conclusion about Bitcoin Code
Trading Bitcoins and other crypto currencies can be very profitable, just like normal currency trading. But trading is also risky, so the risks must never be neglected.
It is important that traders who want to enter Bitcoin trading have a reliable online broker at their side. The trading platform Trade Fintech used by Bitcoin Code has proven to be stable and secure in the tests. It is also easy to use and very clearly laid out, so investors can get started without having to read a manual first.
The algorithm offered by Bitcoin Code for automatic trading has proven to be useful. Those who prefer to decide for themselves which trading positions they wish to open can trade without the algorithm. Options for hedging positions, such as stop losses, are offered. However, there are no guaranteed profits even with Bitcoin Code.
Registering with Bitcoin Code is easy and takes only a few steps. If you want, you can download the app to your mobile phone using the Bitcoin QR Code.
Bitcoin trading offers investors great profit opportunities. But there are also risks. Those who start trading should only bet money that they are prepared to lose in case of doubt. Not every trade is successful. Therefore it is important that investors set themselves realistic goals and follow the basic rules of risk and money management. This includes that every trade is secured by a stop loss order. Furthermore, never put all your capital into a single trade.>> Register at the Official Bitcoin Code website