Trading Bitcoin with automatic robots like the Bitcoin Optimizer system has become very popular. However, the cryptocurrency markets have been associated with many of the robots being a scam. Whilst that’s the case there are some legit trading robots and their users are making fruitful investments through them. But is Bitcoin Optimizer one of these tools?
In this review, we will look through all the claims and the accuracy of the information provided by its users and their website. The Bitcoin Optimizer robot is said to use artificial intelligence to collect and analyze tradable insights. According to their website, their users can make up to $3,000 just in 24 hours trading automatically with the robot. Sound too good to be true? Let’s see!
Every user who intends to use any robot has to ensure it is legit but that is not easy to discern. For Bitcoin Optimizer we can conclusively say it is not a legit robot. It was created in the year 2016 with huge promises and attractive opportunities.
Since then, the robot hasn’t been able to convince the online trading community and the active investigators that it is safe and reliable.
The first red flag we came across is the lack of clarity who are the developers of the trading system. They are claimed to be experienced traders but that background cannot be confirmed in any way.
That is extremely troubling since it indicated the robot doesn’t have an authentic origin. It might be a completely rigged platform for what we know.
Bitcoin Optimizer is a basic system that should trade automatically in the cryptocurrency market. It is said to use algorithms that are crafted from various trading techniques by other traders. As we mentioned, the creators are anonymous, it’s unclear what’s their expertise. That makes us believe that none of the claims made of the robot are authentic.
Bitcoin Optimizer is said to use artificial intelligence when sending the trading algorithms that interact with the trading markets. The use of AI should enable the robot to change along with the changes in the prevailing market conditions. Algorithms are simply a set of rules that are used to solve problems by computers.
Bitcoin Optimizer works with selected broker partners that have not been disclosed. Legit platforms always disclose the brokers and exchanges they partner with. That’s a red flag for us, as well.
When you join unregulated platforms, you get more opportunities, but also expose yourself to more risks. The brokers working with Bitcoin Optimizer supposedly offer high leverages which are as high as five thousand times of the capital invested (1:5000).
That means you can make larger investments, but also generate huge losses that can be devastating for your budget. Legit platforms have more moderate leverage levels to ensure the safety of users’ funds.
The Bitcoin Optimizer trading robot is available online across the globe, to users willing to trade on unregulated platforms. The process is quick, as described below so that you don’t stop and think twice.
The brokers in partnership with Bitcoin Optimizer offer very high leverage (1:500). This enables their users to trade with up to five thousand times their trading capital. Only unregulated platforms offer such risky conditions, and that might lead to the accumulation of huge losses.
In a single day, the users are promised to make up to $1,500. But there is no clear evidence of what percentage of the users would actually achieve that instead of losing all of their money.
The robot is said to trade with the best technology – Artificial Intelligence coupled with its subsets of ML and NLP. But the background of the system lacks clarity and these claims can’t be verified.
The Bitcoin Optimizer is said to offer a user-friendly interface with reliable customer support. What we found out is that the interface lacks crucial elements for risk management and that the customer care team is not responsive enough to be helpful.
Making profits trading with Bitcoin Optimizer is under question. It is a high-risk trading tool we cannot recommend to traders. The leverage levels offered indicate shady practices typical for unregulated services. You might face substantial losses if you proceed with the robot.
Given the fact that the origin of the system is also unclear, expecting profits from using it is optimistic. Our advice is to only choose platforms with a clear background, like eToro, to be confident you’re joining an authentic partner.
1. The risks associated with trading on this platform are not disclosed.
2. The promised results and profitability are far-fetched and cannot be corroborated by actual evidence.
3. The leverage is against standard financial regulations.
4. There are limited deposit methods available.
5. There have been reports of money and withdrawals being withheld.
The above-mentioned comparisons to legit brokers are reason enough why you should consider other trading platforms. Ones that incorporate transparency as part of their values. Ones that would treat their clients fairly and will disclose vital information about trading there.
Bitcoin Optimizer doesn’t offer transparency and, according to our investigation, has failed to follow the best industry practices in terms of safety and security. Because of all that, when it comes to a volatile industry such as cryptocurrency trading, we are convinced it is much better to join an alternative that is secure and legit.
Trading with Bitcoin Optimizer is very risky. During our investigation, we found lots of red flags that drew our attention, and we identified them as drawbacks and risks.
Because of all that, we strongly recommend that you choose a different trading platform and a partner. We CAN confirm that our top trading picks are secure and 100% legit:
Disclaimer: Please note that the articles, news, reviews and all the content of this website should not be considered as a trading advice. The nature of investing is speculative and there is a risk to lose the invested capital completely. When investing seek a professional advice and make your own due dilligence. This site is not intended for use in countries where trading and investing is prohibited. This website is free for you to use but we may receive remuneration from the companies we feature on this site.