Crypto trading involves several key factors that many within the industry are trying to optimize. AI bots and platforms are extremely popular and helpful in this regard. Over the past several years, literally hundreds of new artificial intelligence platforms have been created to help traders take advantage of the market.
Of course, not all of them are legitimate, and it is important to check reviews and exercise due diligence in order to maximize traders’ profit and minimize the losses within the cryptocurrency market.
Bitcoin Loophole – How it Works
Bitcoin Loophole is an automated, AI-based crypto trading platform, which is run by traders in order to identify potential trading opportunities in the crypto market. After evaluation, it is supposed to execute profitable trades for users.
Bitcoin Loophole acts as a crypto trading bot that is very useful in theory, since the markets are still open during holidays and there is continuous trading action available. What a crypto trading bot can do is quite powerful and helpful for both active and passive traders.
The most common benefit is that it will make trades and decisions on your behalf, while you’re sleeping, working, traveling, or basically doing anything besides having to worry about the cryptocurrency market! Since the cryptocurrency market operates differently than the stock market, not acknowledging business hours and holidays, there are constant, live trades available 24/7. Thus, the precision of an algorithm when it comes to making decisions can be really useful.
Public Opinion
There are public resources available that discuss the best ways to utilize Bitcoin Loophole. There are also several websites and forums where people have offered their reviews. Many questions such as, ‘’Is Bitcoin Loophole safe?’’ or ‘’Where can I find a honest Bitcoin Loophole review?’’ are addressed and the opinions are quite polarizing, depending on each user’s outcome.
Regardless, there are traders who advise to be wary of this AI bot. Scammer Watch is one of the trusted websites where both casual and professional traders share information to help readers avoid getting scammed. Their opinion on Bitcoin Loophole is that users are destined to lose money with it and that the platform is a complete scam.
Not all responses are negative, however, but one must speculate on whether the positive responses are posted by people involved with the creation of the platform itself. These particular users are praising Bitcoin Loophole for being a user-friendly automated Bitcoin trading bot, that can generate hundreds or thousands of dollars in profit. There are resources claiming the bot is legitimate and that it acts as an advanced AI-based crypto trading platform, that offers secure trading opportunities for users.
The Breakdown
Here’s a summarized list of the pros and cons of using Bitcoin Loophole. The list includes our key takeaways and the most valuable and useful advice a new user can get when starting out.
Pros:
- Easy and free sign-up process
The registration process is supposedly easy, with only a short time necessary for the verification of documents.
- Informative for new users and traders
The platform offers some guidance, tutorials, and information to help get traders active.
- Unlimited trading limits
There are no limits on how many trades a user can make per day, which is not always the case with competitive platforms.
- Offers demo trading before live trading
Before starting a live crypto trading session, you can use the demo trading version to familiarize yourself with the crypto trading process.
- 24/7 customer service team
Bitcoin Loophole has a (third-party) team, which is able to answer basic questions around the clock. Troubleshooting specific issues might take longer, however.
Cons:
- Minimum deposit of $250
This minimum deposit has been noted to be quite high. In addition, users say they have been asked for $250 in whatever their local currency is (for example, the difference between $250 and £250 is not insignificant).
- Third-party brokers are used
Reviews state that third-party brokers and contacts from the platform are utilized, which can make users skeptical as to why brokerage isn’t simply AI-based and user-direct.
- 2% commission on profits earned
This figure is taken from the Bitcoin Loophole website, but is confusing, as other reviews claim that there are no fees and that this trading bot is entirely free to use.
- Several user claims accusing Bitcoin Loophole of being a scam
Lastly, what should always be considered with any trading bot is whether the entire process is a scam. The question is if these people are con artists that only want to get deposits and money from you.
In conclusion, cryptocurrency investing and trading require a substantial time investment for the traders to acquire sufficient expertise and experience. Using AI bots is still far from guaranteeing profits, and investing in your own knowledge of how the market works is ultimately the best option.
Bots such as Bitcoin Loophole or similar Crypto Engine are becoming increasingly popular and more information on them is shared. Thus, one must proceed cautiously and exercise due diligence in order to learn whether AI bots are safe or a scam, as well as how to use them in an optimal manner.
