What’s A Bitcoin Loophole?

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What’s A Bitcoin Loophole?

Ever since the creation of Bitcoin and its subsequent growth, individuals have been looking for ways to profit with cryptocurrencies. Dubbed the modern gold rush, there are certainly many different ways to turn a profit by investing in Bitcoin.

When looking for new and innovative ways to profit, a loophole is always a good way to get an edge. And even in the world of cryptocurrency, a loophole was quickly discovered: the Bitcoin Loophole. So what is the Bitcoin Loophole?

Bitcoin Loophole presents itself as a successful way to get rich off the world’s first cryptocurrency. It certainly makes bold promises, but is it the right option for you?

A Brief Overview of How Bitcoin Loophole Works

The main benefit promised by the Bitcoin Loophole is that you can get rich quick using an automated trading platform. No matter your level of trading experience, this platform promises to use your funds, invest them in cryptocurrencies, and provide you with a lucrative reward

A significant statement made by the service provider is that the algorithm upon which the Bitcoin Loophole operates has, so far, been 88% successful. This means that it has almost never failed to generate profits for its users. In fact, statistics provided by the same platform state that it beats the markets 123 out of 126 trades.

Understandably, these bold claims have raised more than a few eyebrows. The Internet is rife with scams which offer rewards which are too good to be true.

A common argument against the Bitcoin Loophole is if it really does work, why would its creator not keep it a secret and profit from it alone? The counter-argument in some cases is that the creator gets to gain a share of the profits, so there is certainly a benefit to opening up the platform to the general public.

The Bitcoin Loophole is, understandably, a closely-kept secret. Whilst you cannot see the algorithm yourself, you are able to see the results of the platform on the Internet.

Is it Effective?

Image source: Bitcoin Loophole

There are several websites which claim to have tested the Bitcoin Loophole, and while some have confirmed that it delivers on its promises, others have called it an outright scam. Reading the hundreds of reviews and testimonials it is difficult to determine just how effective, if at all, the platform is. The platform offers options for withdrawals, customer care and promises not to hit clients with any hidden fees.

An interesting feature of the Bitcoin Loophole trading platform is that it offers a demo account for you to try. This account is available to you at no cost and should mimic the real results produced by the trading algorithm.

Opening a Bitcoin Loophole Account

You can open a Bitcoin Loophole account today, as long as you reside in one of the supported countries. Since the platform is unregulated, citizens or residents of the United States are banned from registering.

Registration

bitcoin loophole registration
Image source: Bitcoin Loophole

To register a Bitcoin Loophole account it only takes three steps. The process is quick and does not require you to fulfil extensive due diligence requirements. Following the short sign up, you will get access to the platform’s demo account or you can start trading with your cash immediately.

Upon registration, you will need to provide a full name together with an email address and phone number. You must also provide your country of residence and choose a secure password which is 6 characters or longer.

Deposit

Following the signup process, which only lasts a few minutes, you will be redirected to a page which gives you the option to trade for real or in demo mode. By selecting the “start trading” button you will be directed to the deposit page. Bitcoin Loophole requires a minimum deposit of $250 and offers a variety of convenient ways to effect your deposit, including PayPal and credit or debit cards.

Depending on your nationality, certain payment methods might not be available. However, the platform also supports payments in Bitcoin and Ethereum. You can buy Bitcoin and Ethereum using one of several reputable cryptocurrency exchanges.

Demo Trading

The demo trading platform gives users a first look into what the real Bitcoin Loophole platform interface looks like. With this useful tool, you can learn how to use the platform, as well as access various information, including open orders, trading history, and current trades. 

When creating your demo account, the Bitcoin Loophole will grant you $1,500 to trade with, but this is, of course, just a demo. By activating the auto-trading mode, you will see the results of the trading algorithm, which should be very similar when using your own cash. Once you are satisfied by the demo account you can move on to deposit funds and start trading.

Trading

With real funds in your account, you are ready to start trading on Bitcoin Loophole. As you get better accustomed to the trading interface you should test out different settings and set limits, such as stop losses and stop profits. The platform offers you the option to choose which currency pairs to trade and which to exclude.

Once you have set your trading preferences, you can activate the auto-trading mode and let the algorithm do the rest. Your investment will start to be traded and, if the promise is right, you should see profits in your balances shortly afterwards.

Why do People Trade with Bitcoin Loophole?

Based upon the testimonials of users who trade with Bitcoin Loophole, the platform offers several advantages over others in the market. For starters, many people complain about other bots hitting them with hidden fees or complex trading interfaces. According to these reviews, Bitcoin Loophole excels in:

  • Demo Account – users get to test the system fully before ever spending any of their money, avoiding surprises and seeing potential results
  • Easy to Use – the trading platform is extremely user-friendly and intuitive, allowing even the least technologically-savvy users to make full use of it
  • Highly Successful  – almost no Bitcoin trading platform can boast success rates of 88% and over, making the Bitcoin Loophole algorithm more successful than experienced fund managers and series investors
  • Easy Cash Out  – Bitcoin Loophole makes it very easy for you to withdraw your funds at any time, with withdrawals processed within hours

Although information about massive profits is present throughout the Bitcoin Loophole website, the operator makes it clear that there are no guaranteed returns. In fact, in its terms and conditions, the operator is warning potential investors that, as with any high-risk investment, some or all of the capital may be lost at any time. If you decide you invest with Bitcoin Loophole, you must ensure that you are ready to lose all your investment, and you should always seek to diversify your investment.

So to be frank – what is the Bitcoin Loophole can quickly become the Bitcoin Loss. Being ready to lose all your earnings just as quickly as you got them is a must. Even so, if you feel like a gamble then this is a way of betting on a single number as you would on a roulette.

Can you Make Money with Bitcoin Loophole?

According to the website, you can make $13,000 and over in 24 hours of trading. No testimonial seems to corroborate this bold statement, however, there have been several which stated that profits were made from the first day of trading.

Whilst it is difficult to ascertain whether you could actually make money with Bitcoin Loophole or not, should you decide to use the platform you should keep the following in mind.

Small Starts

Although there are contradicting messages on the Internet regarding Bitcoin Loophole, one characteristic which all seem to agree upon in that it is a high-risk investment. Like any high-risk investment, including Contracts for Difference and Futures Contracts, you should always start with small investments which you can afford to lose. The platform requires a minimum investment of $250, and it is highly recommended that you only invest this amount, to begin with.

Withdraw Some Profits

If you start seeing a return on your investment, you should compound the majority of this to earn higher returns in the future. However, you should also take out around a quarter of your profits and either invest them elsewhere or use them as you like. The point is that in this way you would have earned a return even if your capital is lost in the future.

Keep Learning

Even though Bitcoin Loophole relies on a trading bot, you should keep abreast with developments and innovations in the cryptocurrency industry and trading markets in general. You should always follow crypto news and check out trading guides which can help you obtain your goals.

Concluding Thoughts

The Bitcoin Loophole is not a cryptocurrency exchange, such as Binance or Coinbase, nor is it a trading platform such as eToro or Plus500. You should only invest real funds if you are convinced that it is a genuine platform, or if you can afford to take the risk that it isn’t.

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