What Is A Bitcoin Trading Platform?
Every 'Bitcoin Trading Platform' CoinInsider.com mention is a scam!
Every single sentence in this paragraph on CoinInsider.com is a lie, so let's address each part of this statement.
A bitcoin trading platform is an automated trading system that is powered by complex algorithms and artificial intelligence to help you trade cryptocurrency based on market trends and data. No it isn't. Bitcoin trading platform is a marketplace for buying and selling Bitcoins, what else would it be? The Bitcoin robot algorithm is able to scan markets, read signals, extract data and analyze the data to make profitable trading decisions. No it isn't. If that existed it would be fought over by the most powerful people in the world and lead to poverty across the Globe. A Bitcoin System is far more effective and productive than manual, human trading. In 2021, no one has demonstrated, to our knowledge, any AI that is capable of out-trading a human, or there would be no such occupation as a 'trader' and probably no stock or currency markets either. The algorithms eliminate the human-error factor and are able to scan through the markets and information in record time. Who is the current record holder then? The bitcoin platforms focus on buying and selling signals on the market. 'Signals are rubbish emails from people who can't trade and so have to try and extract money from people who can. This is what allows these leading trading systems to be seconds ahead of the market and generate bigger profits than their competitors. Perhaps with advancements in quantum computing you could actually get close to predicting the future, but only by a fraction of a second, and what's the point of that? There is no time to react.
CoinInsider is not a Bitcoin related site, it is an affiliate marketing site for offshore, unregulated CFD brokers trying to defraud people inside of the law. They just use Twitter etc. to boost their rankings so that their suggestions of idiotic 'Get Rich Quick' schemes like Bitcoin Trader, Bitcoin Loophole and Bitcoin Rush are believe by victims long enough to be defrauded by crap brokers.
Advantages And Disadvantages Of Using Bitcoin Systems
There are always advantages and disadvantages to any technology or software programme. Understanding both is essential in getting the most out of the tool you’re using. We’ve listed some advantages and disadvantages of using Bitcoin platforms.
|✔️ Bitcoin Platforms are more productive, accurate and effective than humans, since they are able to scan, extract and analyse large samples of data in mere seconds. That is complete nonsense. There is no such thing an on-line crypto trading AI.
||❌ Bitcoin platforms are a scam and do not do what Coininsider.com claim at all
|✔️ Bitcoin Platforms are not governed by their emotions. They make decisions based on logic and reason embedded in their algorithm. This explains why their accuracy levels are so high, with some trading systems reporting a success rate of 99.4%. This is utter rubbish. If you had a 99.4% success rate you would win every trade every time as you only have a 6 in 1000 chance of failing.
||❌ These trading systems can be complex to understand and may require some guidance at first. They are not auto-traders at all, just CFD brokers and poor algorithms.
|✔️ Bitcoin Platforms are much faster than manual trading. Their algorithm works in a matter of seconds, where manual trading can be a long complex process especially for new traders. There is no such thing as a Bitcoin Platform just brokers and marketplaces. Pay not attention to these Coininsider affiliate scammers!
||❌ The cryptocurrency market is not regulated and extremely volatile. Therefore it is increasingly important that new users do their homework before investing. This is not investment, it is contract making, and highly leveraged. You can lose money you have not even deposited.