Are you looking for a cryptocurrency that offers low transaction fees, fast remittances, and even more reward potential than Bitcoin? If so, let’s go over trading Litecoin! Chock-full of information on how to buy Litecoin, use it as an investment tool (Litecoin Price Prediction) and understand the market conditions which come with its volatility – this complete guide will help you get up to speed in no time. Ready to make money from your digital currency investments? Great – let’s dive in and become experts at trading Litecoin!
What is LiteCoin?
Litecoin is a peer-to-peer cryptocurrency and open-source software project.
Litecoin was one of the first cryptocurrencies after bitcoin and it uses scrypt as a proof-of-work scheme. Litecoin was released via an open source client on October 7, 2011 by Charlie Lee with support from Satoshi Nakamoto.
Litecoin is one of the top 20 cryptocurrencies by market capitalization, which is currently $2 billion USD.
How Does Litecoin Work?
Litecoin is a cryptocurrency that was created in 2011 as an alternative to Bitcoin. It has some notable distinctions from bitcoin, and one of the most important ones is that it has a faster mining process.
Litecoin’s mining process is much quicker than Bitcoin’s, which means that Litecoin transactions are processed more quickly and will be confirmed more quickly by the network. This quick transaction time also ensures that Litecoin is able to handle a higher volume of transactions than Bitcoin.
Litecoin was created in 2011 by former Google engineer Charlie Lee as an alternative to Bitcoin. The key distinction between Litecoin and Bitcoin is the speed at which new blocks are mined, with Litecoin having a much shorter time frame for block generation than Bitcoin does.
What Can You Buy with Litecoins?
Litecoin is a cryptocurrency that is similar to Bitcoin. Litecoin was created by Charlie Lee, an MIT graduate and former Google engineer. It was designed with the purpose of being the ‘silver’ to Bitcoin’s ‘gold.’
You can buy things with Litecoins just like you can with any other currency. You can use it to buy goods and services, invest in companies, or as a way to store value for future use.
Pros and Cons of Trading in LiteCoin vs Bitcoin
The pros and cons of trading in bitcoin vs litecoin are different for each person. For people who are more technically inclined, they might choose to trade in bitcoin because it is the most popular cryptocurrency. For people who are less technical and more risk-averse, they may choose to trade in litecoin because it is less volatile than bitcoin.
Bitcoin has a higher risk profile than litecoin because of its high volatility, but it also offers a greater upside potential. Litecoin has a lower risk profile than bitcoin because of its lower volatility and smaller market capitalization, but it also offers a smaller upside potential.
How to Buy Litecoins with Fiat Currency, for Beginners
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities.
The best way to buy Litecoins with fiat currency for beginners is through local exchanges. There are many companies that offer this service and the process can be complicated for those who are not tech savvy.
Beginner’s Guide to Trading LiteCoins on Bitfinex
This beginner’s guide will walk you through the process of signing up for Bitfinex and trading LiteCoins.
The first step is to sign up for an account on Bitfinex. You can do this by going to the homepage and clicking on the ‘Sign Up’ button.
Once you have signed up, you need to verify your email address by following the instructions in your inbox. Once that’s done, log in and click on ‘Funds’ then ‘Deposit’. You will then be able to deposit money into your account using one of three methods: wire transfer, SEPA or SWIFT bank transfer.
How to Trade Litecoin Conclusion and FAQs
What are the advantages of Litecoin?
-Litecoin is more decentralized than Bitcoin and offers faster transactions.
-It’s also cheaper to use than Bitcoin, which is a major advantage for merchants.
-Litecoins can be used as a store of value just like gold or other precious metals.
-Unlike with Bitcoin, there are no transaction fees when you buy or sell Litecoins on exchanges like Coinbase.
What are the disadvantages of Litecoin?
-Bitcoin is accepted by more merchants than Litecoin, so if you want to use your coins in shops and restaurants you’ll need to convert them into Bitcoin first.
-Transaction fees are higher for Litecoins than they are for Bitcoins, which means that if you’re using it as a store of value it might not be as effective.
-It’s much easier to mine Bitcoins than it is to mine Litecoins, which means that there will be more competition when trying to mine coins and thus a lower chance of making a large profit. Yes, it is much easier to mine Bitcoins than Litecoins because Bitcoin has a higher hash rate which means that more miners are competing in the mining process.
Are you tired of sitting in front of the charts day and night, going long and short, watching your capital melt away before your eyes? Well, you are not alone. All over the world, ambitious people who want to make money in the markets are doing the same thing, and the sad fact is that about 90 per cent of them are also losing money.
What people don’t realise is that successful traders hone their craft over many years. Contrary to popular belief, they don’t work on technical analysis so much as they work on themselves. That’s right, the biggest hurdle most traders have to overcome to be successful is their own stubborn psychology.
Humans are, by and large, emotional beings. Unpacking all the cognitive biases a person has can be a lifelong process. And it is these biases, along with good old fear and greed, that turn balance sheets into mincemeat. One of the best ways to get around the problems associated with emotional trading is to invest in a trading bot and programme it to buy or sell when certain conditions are met.
We will introduce you to a crypto robot that does this work for you. We report the most important facts and Bitcoin Trader experiences.
What is Bitcoin Trader?
Bitcoin Trader is reportedly software that uses intelligent algorithms, artificial intelligence and machine learning to automate cryptocurrency trading. This takes away the hard work of manually analysing charts and technical data to place successful trades. The crypto market moves fast and is almost unbeatable. The website claims that this trading robot can analyse, calculate and make decisions in a split second, giving its users an edge. In the following, we will enlighten you about the experience with the Bitcoin Trader trading software.
Who is behind Bitcoin Trader?
The people behind this bot have chosen to remain anonymous, just like Satoshi Nakamoto and other pioneers of blockchain projects who value their privacy. Such people do not seek recognition for personal gratification, but aim to make a difference in the world by offering products that change people’s lives. Judging by how sophisticated this trading bot is supposed to be according to user testimonials, the team behind this platform would have to be made up of people who know how to develop complicated trading software and how the trading markets work.
How to use Bitcoin Trader
First steps
On the official Bitcoin Trader website, scroll down to the middle section and click “Join Now”. This will open a form where you need to enter your name, email address and phone number and then click “Register Now”. You will be connected to a broker who will help you access various trading markets where you will need to click on “Open Terminal”.
Make a deposit
Once you open the terminal, you will be redirected to a page where you can fund your account. Enter your address and other relevant details and then click “Continue”. You will be taken to a page where you can select how you would like to make the deposit. You will find several options including credit/debit cards, Neteller, Skrill, Bitcoin, Rave and DusuPay. Choose the mode that suits you best and proceed with the deposit. The money will appear in your account immediately, but sometimes this process can take up to a few hours.
Start trading
Before you start trading, you need to verify your account by submitting photos of your official ID card or passport and a document showing your place of residence. Then visit the demo account where you use the platform’s resources to practice trading cryptocurrencies and set strategies with the autotrader. Once you are comfortable with your skills, set up your strategy and let the bot trade for you.
Is Bitcoin Trader a scam?
Based on our extensive research of user references and online reviews, Bitcoin Trader appears to be a legitimate cryptocurrency trading bot that offers fast payouts and processes withdrawal requests within 24 hours. Customer support was also very responsive and professional. Any issues we had using the bot, they were available to offer support and their services were available 24/7. In addition, this platform has to verify their identity by uploading official documents, as they have to comply with the regulators who oversee money-making platforms to ensure that no fraud or fake business is taking place.
Bitcoin Trader: What differentiates it from competitors?
When comparing Bitcoin Trader to many other trading bots such as Bitcoin Era or Bitcoin Code, it can hold its own, with some traders reporting a success rate of more than 75 percent, according to the website.
Bitcoin Trader can execute a large number of trades every minute and does so by tracking the underlying price movement and reacting when certain price conditions are met. We have found that Bitcoin Trader works particularly well in various markets with medium volatility.
The main advantage of Bitcoin Trader is that it takes the guesswork out of trading. When set up correctly, the bot gets to work, buying and selling and making profits.
However, it is worth remembering that market conditions can and do change. While prices fluctuate, Bitcoin Trader does well and the 75 per cent return is realistic. But if volatility and volume increase and there is a breakout, you may find that you need to use a different bot that is better suited to the new conditions.
Bitcoin Trader: Our conclusion
Bitcoin Trader is a strong performer in one area, and that is range trading. It’s easy to set up and use, but not as inspiring as other bots that perform well in different market environments like CryptoHopper.
But if you’re looking for a bot that complements an existing strategy and need something that performs well in one area to further strengthen your edge in the markets, Bitcoin Trader can provide solid support
The main drawback with Bitcoin Trader is that you really need to pick your markets. You need to find a pair with relatively low volatility – which is hard to find in crypto – where the price is between two different levels.
The other problem is that when a range emerges, prices are usually stuck between two barriers for a while. This means that the probability of a breakout in one direction or the other increases at the time you realise that the price is contained. This factor, combined with high volumes typical of real breakouts, makes the Bitcoin Trader bot virtually useless.
In short, if you don’t want a bot that is a one-trick pony, Bitcoin Trader is probably not for you.
Immediate Edge aims to do what it says it will, and that is to give traders a significant advantage when approaching volatile crypto markets. This automated trading software, also known as a trading bot, could well be the weapon you need in your arsenal to snatch profits from the market and pave the way to consistent gains. But why use a bot at all?
The problem with most inexperienced traders is that they tend to get in their own way. What does that mean? It means that they tend to trade according to feelings, gut instincts and emotions. Trading themselves in this way is the opposite of what experienced and professional traders do.
The very best traders do what they can to bypass their emotions and trade in a pragmatic way according to broader fundamentals or macroeconomics and the confluence of a number of important indicators. This is pretty much an art form that can take years to master. So what to do if you are a complete novice and have little time to spare? In this case, you might consider using an algorithmic cryptocurrency trader – a trading robot.
Robots are set up to trade when certain parameters are met. If the price drops to a certain level and the RSI falls into oversold territory for several periods, a bot like Immediate Edge will automatically buy. Knowing that these triggers are in place leaves the trader free to pursue their trades while their trusty bot hopefully pockets profits. In this review, we have tested Immediate Edge and will go into more detail about what it can do, how it can generate passive income and the pros and cons so you can decide whether or not it is right for you.
What is Immediate Edge?
Immediate Edge is a fully automated trading software that integrates with trading platforms with the aim of providing a trading experience in cryptocurrencies that is not only exciting but also profitable. According to the Immediate Edge website, the software is a product of advanced programming techniques guided by superior technology. As such, the website claims, the software has a market advantage that keeps it ahead of the competition.
Who is behind Immediate Edge?
Immediate was founded in 2018 by Edwin James. Edwin is a former professional forex trader who switched to trading cryptocurrencies during the bitcoin rally in mid-2017. With good experience in software development, he undertook to develop a trading system that would help users take advantage of arbitrage opportunities in the cryptocurrency market.
Although Edwin James is a popular figure in the cryptoverse, there is no information to suggest that he has worked on other similar projects. Suffice it to say that Immediate Edge is the product of an 18-member team with Edwin as its leader.
How to use Immediate Edge
Account registration
Only a few details are required to register an Immediate Edge account. You provide your first and last name, a valid and verifiable email address and an active phone number. We recommend providing truthful information to speed up the verification process. Once all fields are filled in, click “Register” and give the system a few seconds to verify the details. Once verified, you will be passed to a broker – usually one that the Edge software has determined to be the best fit for the best trading experience.
Deposit money into your account
Once the account is set up, you have the option to fund it so you can go straight to live trading. However, there is always the option to try out the software and trading platform with the demo account before moving on to live trading. Note that you can only fund your account after you have been referred to the most suitable broker. The software will match you with a broker that is in the same jurisdiction as you or has a licence to operate in your location to optimise operations and customer support.
Demo trading with Immediate Edge
The Edge app enables demo trading. Users have the choice to open a demo account before funding their account. This is to ensure that you start autotrading without the risk of losing money. During the demo trading session, you will learn how to use the trading software and how to set up the trade to minimise risk and increase profitability. In particular, this session is designed to help you develop better risk management techniques using tools such as stop loss and take profit.
Start trading
In addition to demo trading, Immediate Edge offers educational resources for further training. The reason for this is that a better understanding of how the trading platform works with embedded trading software increases the chances of getting it right and making the most of the platform. After you have gained enough confidence, it is time to make your first trade. Our advice is to start small, preferably with the smallest deposit allowed, and grow slowly. The idea is that in your early stages of trading it is important that you limit losses to small amounts that do not affect your confidence too much.
Main features of Immediate Edge
With an Edge account, you have the opportunity to experience the world of automated cryptocurrency trading at its best. But what are the features that make the software stand out?
Payouts
The Immediate Edge website prominently displays information claiming that the software has made a daily profit of between $950 and $2,200. This is a bold claim that we cannot promise the trading robot, as it is important that certain conditions are true. For example, a user must have a sufficient deposit to maximise the leverage of each trade. Secondly, users must have used the software long enough to understand how to minimise risks.
Verification system
Once you click on the “Register” button, the website automatically redirects you to an affiliated broker. In our case, the broker was a popular player dedicated to trading cryptocurrencies from our region. The details check begins after you have entered all the required information into the trading platform. The required information includes physical address, place of residence, date of birth and country of residence. The information you entered at the registration stage is automatically copied into this new session. Verification only takes a few hours. Within this time, a customer service representative from the broker will call you to verify the details. At the same time, you can report any problems you have with the platform.
The withdrawal process for Immediate Edge
The withdrawal process starts with you submitting a request, which is processed within a few minutes. In the withdrawal request, you specify the amount of money you want to withdraw and in which currency. Edge will only allow cryptocurrency withdrawals if you have entered the correct details into the system. It helps a lot if you fund your account through a payment processor that supports cryptocurrency transactions. Once you send the request, a notification will be sent immediately to let you know that the team is working on the transaction. Depending on the payment provider used, users can receive the money in the bank accounts at different times. Nevertheless, the average waiting time is less than 24 hours. Furthermore, there are no fees for this transaction, which means you claim 100% of the funds in the account.
Costs and fees
Edge is one of the most transparent trading platforms in our experience when reviewing automated trading systems. The ‘My Account’ section of the trading platform allows you to view balances of your activity, so you can easily track your money. The platform records every loss and profit and as there are no deductions such as commissions, your funds remain untouched. Obviously, you’d say so if you were charged hidden fees, wouldn’t you?
Customer Service
Your first contact with Immediate Edge’s customer service is at the point where you are called to check the details provided. This happens immediately after completing the registration process on the trading platform. The broker will also send you an email with instructions on how to download your preferred trading platform (e.g. MT4 or MT5). Some simply stick to the web-based trading platform. In our case, the affiliated broker’s website had a chat function through which we could communicate with customer service. However, we found the telephone to be the quickest and clearest way to get help.
Affiliated brokers
After we registered, we were matched with a broker that we felt was reputable and regulated. We are sure that the broker you will be working with will have the same credentials, as Edge states on its Terms and Conditions page, specifically in the “DESCRIPTION OF SERVICES” section, that all of its affiliated brokers are regulated by reputable authorities from around the world. In our case, the broker had a valid licence from the Malta Financial Services Authority (MFSA).
Is Immediate Edge a scam – our experience?
Is Immediate Edge a scam or legal? We have no doubt that this is a lingering question as soon as you open the Immediate Edge website. But we understand your reservations, because the crypto space is teeming with scammers masquerading as legitimate software providers, but whose real intention is to make you lose your hard-earned money. For this reason, we delved into the internet, where we spent hours searching for information that could indict Immediate Edge.
All we found were hundreds of testimonials praising Immediate Edge for giving them a positive crypto trading experience. Some reviewers noted that the software’s win rate was commendable and that many users enjoyed the support of affiliated brokers. However, keep your eyes open, we also found online reviews from disappointed users.
Immediate Edge review: What differentiates it from competitors?
When you compare Immediate Edge to many other trading bots like Yuan Pay Group or Bitcoin Trader, it’s well worth a look, but not for the reasons you might expect. Given the lofty claims of a 99.4 percent success rate on various review sites, we decided to put Immediate Edge through its paces to see what we would find. Check out our methodology below for a deeper look into our process.
What we found in testing was surprising: while Immediate Edge underperformed in most areas and did not come close to matching the returns of its peers in highly volatile markets, it excelled when markets moved very slowly.
At this point, Immediate Edge managed to live up to the high expectations of some of its more enthusiastic reviewers. That aside, the bot was lacklustre, delivering returns of between just 20 and 30 per cent. But in a sluggish environment, typically in traditionally slow months or periods of macroeconomic uncertainty, when both volume and volatility were very low, Immediate Edge leapt into a league of its own.
Immediate Edge: Our conclusion
Although Immediate Edge is pretty much bottom of the class when it comes to making profits in fast-moving markets, it outshone all the competitors we tested when it came to low-volume, low-volatility environments.
For this reason alone, it’s worth considering Immediate Edge as your bot of choice for the slow summer months when trading volumes are down, or in times of uncertainty when institutional traders tend to sit on their hands.
Not only do Immediate Edge owners have a bot that thrives in poor conditions, but they also have the advantage of not having to spend a lot of time in front of the screen during these generally dull times.
As a backup for when volatility strikes and you don’t want to fall asleep at the wheel, it might be worth using a more adaptable bot like Yuan Pay Group, which is a decent all-rounder. Having the two bots work side by side could be a good strategy for those who want to maximise their profits when the markets are less than exciting.
Trading software like Bitcoin Era is among a growing number of so-called bots that claim to help crypto investors accelerate their profits by reading the price movements of the markets.
Trading automation has been around for some time, and many traders spend a lot of time not trading, but searching for that elusive silver-bullet bot that will deliver staggering returns and allow them to retire to a remote island retreat.
To deliver the dream boat, however, they need a dream bot. The big question is whether such a bot exists. The jury is still out on an industry awash with elaborate scams.
Here, in this review of Bitcoin Era, we will thoroughly test and evaluate the trading system to determine its authenticity.
What is Bitcoin Era?
The Bitcoin Era website describes the software as a product of superior technology and advanced programming techniques. Because of this, the website claims that the trading software is able to achieve 99.4% accuracy in predicting Bitcoin prices. Although it is optimised for trading a range of cryptocurrencies, Bitcoin makes up around 52% of Bitcoin Era’s target crypto markets. The software also has a mobile app to enable cross-platform use.
Who is behind Bitcoin Era?
The available information about the people behind Bitcoin Era is unclear. However, our research has shown that many reputable brokers maintain the software to provide the best cryptocurrency trading experience for the user. A majority of brokers allow users to access their trading accounts through the Bitcoin Era app, which is one of the things that sets this platform apart.
How to use Bitcoin Era
Getting started with Bitcoin Era
To register with Bitcoin Era, you must first enter your full name and a working email address. You then click the “CONTINUE” button, which will take you to another field to enter an active and verifiable phone number. Click the “CONTINUE” button again to proceed to the last step, which involves entering the password to protect the account. Click “CONTINUE” one last time and then wait for a phone call as well as an email message. During the call, a customer service representative will ask you a few questions, including your desire to trade cryptocurrencies, and answer all of your questions. After the details are verified, you will be redirected to the trading platform to complete the registration process.
Demo account
Since Bitcoin Era is said to be specifically designed as an automated trading software as a crypto robot, a Bitcoin Era account alone is not enough if you want to trade. For this reason, the trading robot works with various brokers around the world to facilitate market access. Therefore, the trading platform you are directed to should belong to the most suitable broker based on Bitcoin Era’s criteria. Bitcoin Era and the affiliated broker offer new users the opportunity to test the trading environment by opening a demo account. From this account, you take positions on the market using dummy funds provided by the trading platform. Apart from familiarising yourself with the software, this account is designed to help you learn the best techniques for setting risk management levels. This means learning how to best use stop loss and take profit orders.
Deposit money
We advise that you only activate live trading after you have familiarised yourself with the trading platform and know how to use the trading software to automate the bot. We learned that Bitcoin Era accepts $250 as a minimum deposit, but users can go up to $30,000, but it depends on the payment options you choose. Direct bank transfers only allow deposits up to $2,000. We also learned that users can deposit money into their accounts through a variety of channels, including PayPal, as well as traditional payment providers.
Start trading
Trading with Bitcoin Era can be automated or manual. For manual trades, make sure the trading robot is turned off by switching the “ACTIVATE” button to “OFF” mode. Similarly, ensure that the status of the software is “ON” to activate automation. To trade for the first time, it is advisable to use the lowest available leverage and take smaller positions. This is to avoid cases where you lose everything in the account if the market turns against your position.
Key features of the Bitcoin era
Bitcoin Era is reported to stand out in a number of new cryptocurrency trading robots based on advanced technology. Here we highlight some of the features we read about online.
Payouts
In the last 24 hours prior to this report, the lowest earner reported on the Bitcoin Era website received $79, while the highest earned $769. This information, if authentic, would certainly highlight the performance of the Bitcoin Era algorithm in terms of analysing and interpreting market data. However, several factors may lead to lower performance. Some of these factors include the amount of the deposit in your account, the size of the trade and market movements – which are beyond your control.
Verification system
The moment you click “CONTINUE” for the last time when registering for a Bitcoin Era account, a call will come in via the phone number you provided. During the call, a Bitcoin Era customer service representative will ask you some questions about the details you have provided. The aim is probably to verify the accuracy of the details to make sure you are a genuine person looking for real bitcoin trading opportunities. Once you are handed over to the connected broker, you will provide further details such as banking information to facilitate the transfer of funds between your bank account and your Bitcoin Era account. Again, the broker will need at least 24 hours to verify the details.
The withdrawal process for Bitcoin Era.
It is reported that Bitcoin Era’s withdrawal process is quick and easy. Users can withdraw money at any time and as much as they want, as long as the account has some funds. Bitcoin Era has no limit on the amount of money you can request to withdraw from your account.
However, you may want to confirm with the payment provider you are using first as some may not move a certain amount of money due to AML compliance. Once you have withdrawn from your Bitcoin Era account, the money will arrive without delay, although some payment providers may take longer to complete the transaction.
Costs and fees
Registering for a Bitcoin Era account is free. The only time you have to spend money is when you fund your account. You don’t pay any commissions or fees when you withdraw, which means 100% of the funds are yours. Bitcoin Era users report that the software has no hidden fees and no part of your money magically disappears during the withdrawal process. However, we always recommend that you take the time to carefully review the terms and conditions.
Customer service
As mentioned earlier in this review, a Bitcoin Era customer service representative will likely contact you immediately after you submit your registration details. This is the phone number you can use to communicate with customer service if a problem arises on your end. In addition, the customer service team has an email address that is active 24/7. In our experience, messages sent to the email are answered in less than four hours.
Affiliated brokers
Various brokers from around the world service the Bitcoin Era software. Brokers are the link between the trader and the cryptocurrency market. Once your account is set up, the site will automatically update to a trading platform owned by the affiliated broker.
When you use the trading app, an algorithm searches the market for the most suitable broker and the trading platform can be displayed in the app. But for web users, the redirect to the trading platforms of the affiliated brokers is just a redirect. The Bitcoin Era software appears as an integral part of the trading platform and can be activated simply by switching it “ON” or “OFF”.
Is Bitcoin Era a scam?
A new era of investing is unfolding through Bitcoin trading, but fraud is also rife. For this reason, potential achievers have gotten cold feet when thinking about entering the market and using software like Bitcoin Era. For this reason, we have spent long and careful hours determining the legitimacy of Bitcoin Era software.
We came across thousands of testimonials and reviews on the internet praising the trading experience they had when using the trading robot. Users have also not spared to describe their positive experiences with the connected brokers. This background seems to lend weight to the fact that Bitcoin Era is a reliable software that can bring legitimate earnings to its users.
Bitcoin Era: What differentiates it from competitors?
We compared Bitcoin Era with a number of other trading bots, including Bitcoin Code and Bitcoin Prime, to name just two. We found that it performed quite well and under certain conditions, such as when the markets were moving, Bitcoin Era had a strike rate of 70 percent. That means that 30 per cent of the trades that the algorithm picked were losers and 70 per cent were winners, with a total tax increase of around 30 per cent. So not the best, but not too shabby either. When you consider that hedge fund managers are more than happy with such returns over time, it shows that Bitcoin Era is worth the small investment of time and money.
Bitcoin Era is capable of making a high number of trades every minute and removes the guesswork from trading. Of course, as the saying goes, bad data in, bad data out, so you need to invest time in getting your parameters right. Once you’ve done that, you can run Bitcoin Era and make small profits from the markets while you work, rest and play.
The only thing that really needs to be taken care of is that market conditions change. If this is the case, you may need to intervene and tweak your bot to optimise its performance. Overall, however, we found Bitcoin Era to be a solid little bot and worth a look.
Bitcoin Era: Our conclusion
Bitcoin Era is a robust competitor in the retail algorithmic trading space. Our experience with this bot is that it works well when set up properly and used in different markets. Compared to other trading bots, it outperformed most but was not quite as good as Bitcoin Code. However, Bitcoin Code was only tested in a bull market and it is a fact that most bots are more effective when there is a strong trend in play.
Although the available information about the team behind Bitcoin Era is sparse, this is fairly typical of bot developers who don’t like to make their details public. The reason for this is that market conditions lead to exceptionally high volatility occurring from time to time, and any bot can tell you that they don’t want to be in the firing line when this is the case. However, our research has shown that a number of good brokers recommend Bitcoin Era as one of the best cryptocurrency trading algorithms for generating passive income.
Overall, Bitcoin Era is far superior to many of the other trading bots out there that can be reliably labelled as scams. The user experience of working with Bitcoin Era is solid and the returns are impressive when placed side-by-side with the returns of similar passive income generators. However, it is important to understand the limitations of any bot.
A bot is simply an algo and will simply respond mathematically and without emotion if certain conditions are met. If these conditions do not occur because the nature of the market has changed, it is possible that the bot will not make you money and in some cases may lose you money. In short, always pay attention to the risks, learn as much as you can about trading and never bet more money than you can really afford to lose.
