The Bitcoin Profit system claims it can enable you to earn millions from Bitcoin even whilst the crypto markets are crashing & you’re led to believe that you can begin generating your first profits just moments after signing up…
But no doubt you probably suspect that those kinds of promises sound a little too good to be true, and I don’t blame you.
So what’s the deal, is it actually legit, or is the Bitcoin Profit system a scam that’ll just end up taking money from you rather than actually helping you make it?
Thankfully if that’s what you’ve been trying to find out you can rest assured that you’ve landed in exactly the right place as I’ve taken a closer look at how it all works & in this honest Bitcoin Profit review I’ll be uncovering everything you need to know, including whether or not you can really make any money with it.
What Is Bitcoin Profit?
The Bitcoin Profit system basically claims to be an automated trading system that can allegedly guarantee to generate you profits from crypto-trades even if the value of the cryptocurrency is actually going down rather than up.
So whereas typically people will buy a particular cryptocurrency in the hope that the value of it rises so that they can sell it for more at a later date & profit, the Bitcoin Profit system actually places bets on whether the price will rise or fall during a set period of time.
This means that even if the value of Bitcoin dropped, providing the bet placed by the system was that it was going to drop, you as the trader would still profit because you didn’t actually buy the currency… You just placed a bet on what it was going to do.
But how do you know whether it is going to go up or down? Well, you don’t… And typically, this method of trading, which is known as binary options trading is actually VERY risky… Because it’s closer to gambling than trading.
It’s so risky in fact that even Forbes themselves published an article warning people about it (shown below) and many – including myself have branded binary options trading as nothing but a scam.
But this is where the Bitcoin Profit system comes into play because this particular system claims that it has been developed around a “secret” algorithm which can indeed (allegedly) predict whether or not the price of the cryptocurrency will rise or fall… And this is how they claim to be able to guarantee you profits.
The system looks for trends, detects whether it believes the cryptocurrency value will rise or fall – and then places trades on your behalf. The idea is that you’ll begin making money on complete auto-pilot…
Does it really work? Sadly the answer to that is NO. I’ve actually seen several other so-called automated binary options systems prior to this one such as the Online Profit Generator system for example which I most recently reviewed & they have ALL turned out to be nothing but flat-out scams. The Bitcoin Profit system is no different.
I do appreciate though that even though it is a scam, you might not just be willing to take my word for it as you might have been really hoping that the system was going to work for you & generate you lots of money… So instead, let me show you how it really works in order for you to see what yourself why it WON’T work as promised…
How The Bitcoin Profit System Really Works…
At a glance, the whole thing seems ideal, and it would easy to get sucked in by all of the hype found on the website of the Bitcoin Profit system… But that’s exactly the creator’s intentions. Everything you’re told on the website is fake & they’re merely trying to lure you in so that they can earn some money at your expense.
You see the creators of the Bitcoin Profit system have actually affiliated themselves with a binary options broker, and this means that if they get anybody to sign up & deposit via that broker then they earn themselves a commission… A pretty huge commission too.
So they’ve come up with the genius plan of inventing this fake “foolproof” system that supposedly enables anybody to profit… And surprise surprise all you have to do to get access to it is sign up & make a deposit via their “recommended” broker…
But this is where the problem arises because the broker they recommend to you is actually just a scam binary options broker – meaning if you deposit with them, you’ll lose any & all of the money you deposit.
Then, after depositing (which I totally don’t recommend doing) you’ll merely be left to find out the hard way that the Bitcoin Profit system doesn’t actually work anywhere near as promised… In fact instead of making consistent winning trades like it claims it will, in reality, it will make nothing but losses.
After all, why would a binary options broker – a broker that only makes money when others LOSE money – partner themselves with a system that will supposedly enable everybody to profit? It just wouldn’t make sense, and if it were true such a system would put the brokers straight out of business…
And that just proves that the whole thing is a big fat scam. In fact, some of these fake automated trading systems, like the Bitcoin Aussie system (which was first released as The Brit Method) have actually been put together by the brokers themselves just to trick people into signing up!
Which brings me onto…
Is Bitcoin Profit a Scam?
I can confidently say that the Bitcoin Profit system is indeed 100% a scam & it should definitely be avoided. The whole thing is built upon deceit & lies & it’s only intention is to part you with your hard-earned cash so that the creators behind it can earn themselves some money at your expense.
After signing up to the system & depositing via the broker (which I totally don’t recommend) you’ll just be left to find out the hard way that it doesn’t work as promised & then you’ll also discover that the broker will do everything they can to prevent you from withdrawing your money back out. Essentially it’s just a hyped-up cash trap.
Now whilst there are no real ways to make lots of money online without actually doing anything (like the Bitcoin Profit system claims) the good news is that if you are prepared to put in some work you can actually make good money online – and I myself am living proof of that.
There are plenty of legitimate programs out there like Commission Academy for example through which you can learn how to get started properly online & if you really do put in some effort then you can certainly find good success. In fact, hundreds of new people are seeing success every single day at WA & if you’re interested you can read about how it all works by clicking here.
But I just hope that my review here has helped you from handing your hard-earned cash over to the crooks behind the Bitcoin Profit system & I hope that it’s given you a better idea as to how these types of binary options scams actually work. If you do still happen to have any further questions about it though that you feel I didn’t cover then don’t hesitate to leave a comment below & as always I’ll get back to you as quickly as I can.
A Better Alternative
The sad truth is that unfortunately most of the programs promising to help you make money online are scams. I can say that confidently after exposing over 500+ of them here on this blog.
But the good news is that even though most of them are indeed scams, there are actually some very good programs in amongst them - some programs that can truly help you to earn money.
And out of all of the legit programs I've seen, the one I would recommend the most to anybody looking to get started online is Commission Academy. In my own opinion, that's the best place to start.
At Commission Academy, you'll be provided with everything you need (including the training & tools) to begin earning real money by promoting products or services for companies like Amazon online.
The best part is that there's literally no limit on the amount you can earn with it & the process is pretty simple which means that it's absolutely perfect for people that don't have much experience.
Some wealthy affiliates even earn as much as 5-figures per month... Or more!
I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work... But the harder you're willing to work at it, the more you stand to earn with it.
So if you're looking to get started but don't know which route you should go down or which program you should join (and don't want to waste money on bogus things that don't actually work), then I'd highly recommend checking out Commission Academy first. You can learn more about it here.