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Bitcoin Up Review: Is it a scam or legit?

Bitcoin Up is fairly new on the market and is already making waves. This trading technology assists traders to capitalize on bitcoin prices and has a reported success rate of 90%.

More and more people are becoming curious about the cryptocurrency market and the potential to earn a steady income from this market. Of course, new investors may be sceptical about how this market works and whether or not it is profitable. There have been great reports about cryptocurrency technologies and automated software, that assists new investors with their trades and requires little to no experience to start the process.

Bitcoin up feature image

Bitcoin Up is fairly new on the market and is already making waves. This trading technology assists traders to capitalize on bitcoin prices and has a reported success rate of 90%. It has also been reported that the Bitcoin Up technology can assist investors to turn a minimum investment of 250 USD to over $2k in a matter of days.

We decided to investigate the Bitcoin Up technology to see if the software is trustworthy and capable of the high returns reported in the media. In this review, we will provide you with in-depth information into the technology, how it works and how much is needed to
invest initially.

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What is Bitcoin ?

Bitcoin is a digital or virtual currency that was created in 2009, following the 2008 financial crisis. It’s founders operate under the pseudonym, Satoshi Nakamoto. The identity of the person or persons who created Bitcoin is still a mystery. Bitcoin reportedly offers investors low transactional fees than traditional online payment mechanisms and is operated by a decentralized authority. This means that Bitcoin is not under the authority of the government or any financial institutions. It is important to note that there are no physical Bitcoins. It cannot be withdrawn from an ATM. Bitcoin balances are kept in a public ledger that everyone has access to, along with all Bitcoin transactions. Even though Bitcoin is not considered to be a legal tender, Bitcoin charts are high on popularity and have triggered the launch of hundreds of other digital currencies, which is now referred to as Altcoins


How Does Bitcoin Work?

Bitcoin is one of the very first digital currencies to use peer-to-peer technology to facilitate instant payments. The individuals and companies who own the governing computing power and participate in the Bitcoin network are nodes or Bitcoin Miners. These transactions take place on the Bitcoin Blockchain. Bitcoin Miners are basically the decentralized authority enforcing the credibility of the Bitcoin Network. New Bitcoins are released to the Bitcoin miners at a fixed rate, which tend to decline periodically. It has been reported that there are roughly three million Bitcoins which have yet to be mined. Bitcoin has a totally different operating system than fiat currencies. Fiat currency is released at a rate matching the growth in goods in an attempt to maintain price stability, while a decentralized system like Bitcoin sets the release rate ahead of time and according to an algorithm.


What is Bitcoin Up

Bitcoin Up is an automated technology powered by artificial intelligence to extract and analyse data from the cryptocurrency market. This technology also uses Natural Language Processing to read bitcoin related news and derive valuable information from them. Bitcoin Up is reportedly 0.01 seconds ahead of the markets, which should give investors a competitive edge and a win rate of 99%. Bitcoin Up is fairly new on the markets but some reports have suggested that it is one of the most effective technologies on the market today.

With the COVID-19 pandemic affecting economies worldwide, there is no better time to trade that today. There have been reports that the Bitcoin Price will hit $100k at the end of 2020, as the USD continues to lose appeal as the global safe-haven asset for the digital currency group. This may be the window of opportunity every investor has waited for.


Is Bitcoin Up Legit?

There are many positive reviews indicating that the Bitcoin Up technology is trustworthy and successful. This technology has been around for less than a year and has already produced impressive results. It is reported that the technology has acquired over 40k new investors. Most of which are satisfied customers, according to reports online. Like any cryptocurrency related tools, Bitcoin Up has its risks. The cryptocurrency market is volatile and it is the investors responsibility to do as much research as possible. This includes reading reviews like this one and other, for example, Bitcoin Loophole and Bitcoin Code


How Does Bitcoin Up Work?

  • Bitcoin Up users artificial intelligence to power its technology. The technology uses a subset of Artificial intellgience known as machine learning to extract and analyse insights from the market and related news, then presents the investor with the most profitable trades. 
  • Bitcoin Up only works with regulated brokers. The majority of its brokers are monitored by the UK FCA and Australia’s ASIC. 
  • The technology is open to everyone, including new investors who have little to no trading experience. Most users have noted that they have no prior background in Bitcoin or any other related cryptocurrency exchanges. The platform is simple to use, and the trading process is straightforward. 
  • Bitcoin Up also applies blockchain technology to make sure that the trading environment is transparent. 
  • It is reported that the Bitcoin Up technology has had a return investment of up to 300%. If this information is accurate, it is possible to make up to three times the original capital invested in less than a week of trading. 

Creating an Account with Bitcoin Up

Opening an account with Bitcoin Up is fairly easy and takes 20-30 minutes. We do recommend that new investors take the time to read up as much as possible on the technology before registering. The website is fairly easy to navigate and new investors who follow the instructions should have no problems registering.

Registration

Access to the Bitcoin Up trading platform will only be permitted once registration takes place. Registration takes place on the homepage of the site, where investors will be provided with a form that they need to complete. It is important that investors provide accurate information and double-check their details before submitting. Bitcoin Up requires a mandatory verification process, which will require an active email account and other contact details. New users will also be required to submit their Identity document or proof of address. 

Official Bitcoin Up Registration

bitcoin up review

Make a Deposit 

Bitcoin Up requires a minimum deposit of $250 to activate live trades. Deposits are secure and straightforward. All a new investor needs to do is click on the deposit button and choose their preferred method. A deposit can be made with a debit\credit card, wire transfers, e-wallets or bitcoin. Deposits are processed instantly and there are no deposit fees required. The technology relies on regulated brokers to handle deposits. These brokers are responsible for ensuring that all deposits are safe and secure. 

Demo Trading

After a new investor has made the initial deposit, they will have access to the demo trading feature or trading guide. This guide provides the investor with a practice run on the platform, at no additional cost. We recommend that every new investor make use of the demo trading feature before live trading commences. It will assist the investor in gaining the necessary experience and knowledge before placing trades.

Live Trade

Once the new investor is comfortable with the demo trading experience, they will now be able to move on to Live trading. All the investor needs to do is adjust the risk settings as instructed and click the live button. The technology conducts trades automatically. This means that you do not require any expertise to use it. However, we recommend that new and experienced investors spend at least 30 minutes on their accounts every day. 


Bitcoin Up Trading Tips

The Bitcoin Up technology may be powered by Artificial Intelligence and machine learning, but we have curated some useful tips to help you along your trading journey. 

Start small 

We recommend using the initial deposit to place the first trade. New users can always deposit more capital after they receive their first return on their investment. 

Trade for at least eight hours a day 

Make sure your account is live trading for at least eight hours a day. The technology does most of the work by itself, so trading will not interfere with an investors day to day responsibilities. 

Trade in U.S time 

The best time to trade on the cryptocurrency market is when it is daytime in New York. This is because bitcoin tends to be highly volatile at this time.

Invest 80% of profit again

Reinvesting profits allows you to take advantage of the magic of compounding.

Bitcoin Up


Advantages of Trading with Bitcoin Up

There are many benefits that come with trading on Bitcoin Up. This includes high profitability and an easy to use platform that is simple for investors to navigate. Most investors who have reviewed the technology have not had any prior trading experience. Traditional cryptocurrency trading can be complex and time consuming, especially for inexperienced traders. Bitcoin Up provides new investors a convenient and supposedly profitable way of trading Bitcoin. Withdrawals are simple and quick. Once a withdrawal is processed it takes no more than 48 hours for funds to reflect on the account. The technology also regards the investors safety and security as a top priority. If an investor encounters any problems they can contact the customer care helpline that is available 24/7. 


Has Bitcoin Up Been Featured in the Media? 

There have been many reports claiming that Bitcoin Up has been featured on popular TV shows such as The Simpsons, Silicon Valley and the Good Wife. We decided to Investigate these claims to find out whether they are true or false. 

Has The Simpson Endorsed Bitcoin Up on an Episode? 

The Simpsons is an American animated sitcom created by Matt Groening for the Fox Broadcasting Company.The Simpsons is a satiric adventure of a working-class family in the misfit city of Springfield. There have been reports that The Simpsons endorsed Bitcoin Up on one of their episodes, however these claims are false. 

Has Silicon Valley Mentioned Bitcoin Up on an Episode? 

Silicon Valley is an American comedy television series created by Mike Judge, John Altschuler and Dave Krinsky. It premiered on HBO on April 6, 2014, running for a total of six seasons of 53 episodes. The series finale aired on December 8, 2019. Silicon Valley has made no mention of Bitcoin Up in any of their episodes. 

Has Bitcoin Up Been Featured on The Good Wife? 

The Good Wife is a serialized show featuring several story arcs that play out over multiple episodes, as well as stand-alone storylines that are concluded by the end of each episode. There have been reports that The Good Wife has featured Bitcoin Up on an episode. However, we can confirm that these claims are false. 

Bitcoin Up


Our Conclusion

From the research we have conducted, it seems that Bitcoin Up seems to be credible. There are many positive user testimonials online that solidify these claims. It is also reported that this technology has received excellent reviews by professional review sites too. The Bitcoin Up technology has been verified and has made disclosures about all the information investors need to make informed choices. Bitcoin Up is also powered by blockchain technology that ensures a transparent trading environment. 


FAQs

  • Is Bitcoin Up trustworthy?

From our research, Bitcoin Up seems to be a legitimate platform. 

  • Can I make money with Bitcoin Up?

The chances of making a profit with Bitcoin Up is high. However, new investors should make sure they inspect the technology thoroughly before live trading. 

  • How much should I invest with Bitcoin Up?

We recommend only depositing the minimum investment required, which is $250. Investors can always deposit more capital after receiving their first return. 

  • Can I make a withdrawal from the Bitcoin Up platform? 

Yes! Bitcoin Up allows seamless and fast withdrawals. The bot doesn’t charge any transaction fees.

  • Is Bitcoin Up free?

Yes! Bitcoin Up is a free trading robot. However, it may not remain so for long. You should take advantage of the free license and signup now. It is also important to note that before live trading begins a deposit is required. There are no deposit fees. 

  • Has Bitcoin Up been featured on the media?

From our research, Bitcoin Up has not been featured in the media. 


Glossary of Cryptocurrency Terms

BitcoinBitcoin is reported to be the world’s most popular cryptocurrency. Bitcoin runs on a Bitcoin Blockchain and is a decentralized currency that operates independently from central banks and authority
EthereumEthereum, like Bitcoin, is a cryptocurrency that is decentralized. Here, investors can transfer and exchange value.
LitecoinLitecoin is also a cryptocurrency and a blockchain mirroring Bitcoin.
ExchangeThe crypto exchange is basically an online platform where crypto investors get to exchange different cryptocurrencies for other cryptocurrencies.
Bitcoin miningBitcoin mining occurs when Bitcoin transactions are verified and confirmed before being added to the Bitcoin Blockchain.
Crypto walletA crypto wallet is a software program that stores the private and public keys of investors. It also allows users to transfer, receive, spend, store and check their balances.
Circulating supplyThis refers to the amount of a given cryptocurrency or tokens that are publicly available and circulating on the market between buyers and sellers.
Market capMarket cap refers to the market value of all of the cryptocurrencies available in the market per day.
AltcoinsBitcoin was the first and most successful of all cryptocurrencies. All other coins are grouped together under the category of altcoins.
Block ExplorerAn online tool for exploring and analysing the blockchain of a cryptocurrency.
Block HeightBlock height refers to the number of blocks connected in the blockchain.
Block RewardAn incentive given to a bitcoin miner who has successfully calculated the hash (verification) in a block.
Chain LinkingTransferring one cryptocurrency to another. This requires the transaction to be lodged in two separate blockchains.
Consortium BlockchainA privately owned and operated blockchain.
CryptographyThe process of encrypting and decrypting information.
Decentralized Autonomous OrganizationRefers to organisations that are run by computer programs or software rather than a human input. There is no central authority in this regard.
TokenTokens are strongly associated with ICO’s and are often built on the pre-existing standard from established ‘smart contract’ blockchains like Ethereum.
ICOThis stands for Initial Coin Offering and refers to a disruptive new method for projects to gain funding.
ForkIn cryptocurrency terms, a fork is an event where an existing cryptocurrency splits into two variations of the code.
WalletA cryptocurrency wallet is the primary way owners of cryptocurrencies are able to access their coins.
Hot and cold storageThis refers to where a particular wallet is hosted. Hot storage refers to a wallet that is accessible from an internet connection, where cold storage refers to hosting your wallet offline on a separate piece of hardware.
EscrowAn escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.
Smart contractThe Ethereum blockchain allows for code to be deployed onto it in the form of a smart contract. This contract is essentially a set of mathematical rules that dictate how the transactions function
Proof-of-work (PoW)For transactions to be confirmed and added to the Blockchain ledger, there are various approaches that have been developed to complete this process.
Proof-of-stake (PoS)In PoS-based cryptocurrencies, the creator of the next block is chosen via various combinations of random selection and wealth or age.
Proof of Importance (POI)This is a style of proof pioneered by the coin NEM as a third alternative to PoW and PoS.
TAShorthand for a technical analysis, or the analysis of coin values based on historical price movements and sophisticated indicators.
Nodea computer that is connected to the network of a particular cryptocurrency.
MiningMining is the process of validating new transactions on a cryptocurrencies distributed ledger.
MoonshotThis refers to a cryptocurrency shooting upwards dramatically.
Bear and Bull marketsA bull market is refers to rising prices and optimistic sentiment that encourages buying. Bear markets are considered the opposite of bull markets, with downward price trends and a pessimistic sentiment that encourages selling
WhaleRefers to someone who holds a large amount of cryptocurrency
HODLRefers to the passive investment strategy of ignoring market turbulence and waiting for long term returns.

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Disclaimer: The content on this page should not be taken as financial advice. It is for informational purposes only. Never invest what you can’t afford to lose. Always research as much as possible before making any financial decision and consult a certified financial advisor.