Inside BTC Robot 2.0-The First Automated Bitcoin Tading Robot

BTC Robot 2.0 Official Web Page

What is BTC Robot?

Bitcoin is a relatively new yet rapidly growing digital currency. A limited number of Bitcoin exchanges enable massive price fluctuations during market trading hours, according to the main sales page, the robot exploits these fluctuations and executes winning trades.

This is a custom-built automated trading engine which buys and sells bitcoins based on various algorithmic criteria or set of rules.

For more information about BTC Robot go to their official Website HERE. 

How Does BTC Robot Work?

The robot analyzes the price movement in all Bitcoin exchanges during real time, and exploits the gaps by utilizing various trading strategies in order to take advantage of almost “bulletproof profit opportunities.” 

This is explained in the image below, however certain words such as bulletproof which send off alarm bells ringing, so in this context you should be made aware of the hyped up claims in the sales page.

Go to BTC Robot 2.0 Official Web Page

Is BTC Robot a SCAM?

Well, this is what we call a borderline case because a lot of the classic tell signs are absent, so we have to be super careful before reaching a verdict. For example, the programmers are real people not some image bank photos that were stolen to provide fake testimonials. We don’t see inflated bank accounts, and the hype is there for sure but not as blatant and outrageous as we are accustomed to see.

BTC Robot Review

As mentioned previously, Bitcoin Robot is an automated trading solution which executes trades on auto-pilot without any form of human intervention. The software requires an initial download or installation, and registering with a broker such as BTC-e, FxChoice or Tallinex. You can start with an initial deposit of $100 in order to fund a real money trading account, which is actually a breath of fresh air compared to the usual $250 minimum requirement.

Who is Egor Kotov and What is the Human Greed Methodology?

Kotov is a system programmer and he explains that as Bitcoin grows it attracts new customers, and most of these are inexperienced traders. The Greed Methodology assumes that people will buy Bitcoin overpriced because of all the hype and news around it. As new buyers join, they are unwilling to wait until the prices drop (hence the greed element). And this is where the robot steps in and exploits the price movements in the market places.

Account Configuration

You have something called an API key which is basically your unique ID and allows you to set your permissions. You would have to choose a key number and secret password. Once those are set you can activate the robot.

Accuracy Levels and Performance

Well, as you can imagine the amount of hype around this software is reaching new levels and so are the inquires and potential complaints. Our testing indicates that not everything is gold as described, but this is not surprising given our experience with these systems. 

What we did find unusual was the simplicity of trading in the members area AKA trading dashboard. Our initial investment of $500 generated a 10% return after mild growth patterns of 7 day periods. 

Granted, we didn’t turn into millionaires over night but at least we didn’t lose our money and even made a slight gain so for the time being we are excluding this software from the traditional scam category (i.e. Ponzi Scheme, Pyramid, MLM, or Financial).

Fees – It’s Not Free!

You have the Silver, Gold, and Platinum plans and these start at $19.99, and a one time fee of $399 for the top offer. Interestingly enough you can pay with bitcoin or credit cards and there is a 60 day money back guarantee, which is a definite plus considering all the fraudulent software that’s being offered these days.

Review Summary and Conclusions

The BTC Robot was created by Steve and Mike, and these guys have been around for a long time. Technically speaking, it is considered by some to be a blacklisted scam, but we have not reached this conclusion since there is a 60 day return policy and we didn’t lose our money. 

This indicates to us that these guys are not operating as crooks and actually let you have your money back if you are not satisfied with the performance of the Bitcoin Robot. 

Overall we have seen much more clear-cut cases of scams but the high level of risk coupled with our experience makes us think twice. Still, if you would like to try out this system we will not stop you, just advise you start out with the minimal investment amount and work your way up based on your success. 

Official Website

*Posted on June 14, 2017 by Patrick Jones

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**Trading the financial markets involves high risk and you can lose part or all of your investment. Never invest money you cannot afford to lose. Trading the financial markets may not be suitable for everyone.

Disclaimer: The writer may receive compensation when products and services featured herein are purchased. Results are unique. Your results will vary widely. You can gain more, less or none at all. The content in this post is for information purposes only. **​