Bitcoin Revolution: Pros and Cons
Coinspeaker
Bitcoin Revolution: Pros and Cons
Bitcoin Revolution is an online robot that uses technology and technical analysis to identify signals and trade Bitcoin and other cryptocurrencies. The robot is used by beginners and experienced traders who want to make money in the industry without doing a lot of analysis themselves. It is one of the many robots that are sold online and is compatible with most trading platforms. In this article, we will look at how the robot works and some of its pros and cons.
How Bitcoin Revolution Works
Bitcoin Revolution, like other trading robots, works by using a combination of technical indicators to identify buying and selling opportunities. Some of the most popular indicators that are used in building robots are moving averages, average directional movement index (ADX), and the Relative Strength Index (RSI), among others.
To use Bitcoin Revolution, you need to sign up and then link your account. After setting the default parameters and connecting them to your broker, the robot will analyze the market 24 hours per day and do the trades. Based on your parameters, the robot will open and close trades through the API.
Bitcoin Revolution Pros
There are several benefits of using a robot like Bitcoin Revolution. First, unlike a manual trader, the robot opens and closes trades 24 hours every day. For a manual trader, this is a difficult thing to do since everyone sleeps for a few hours every day.
Second, you can customize the trade parameters that the robot will use. For example, you can set the maximum size of a trade that the robot will initiate. Also, you can set the ideal risk and reward ratio for your trades. This will ensure that you are able to protect your account while maximizing the returns.
Third, Bitcoin Revolution does not handle the finances. Instead, the robot is compatible with many cryptocurrency brokers and exchanges.
Other top benefits of using the robot are that it can identify trade opportunities across several cryptocurrencies like Ethereum, XRP, and Bitcoin Cash, among others.
Cons of Bitcoin Revolution
There are few cons of using Bitcoin Revolution. First, while some traders have found success using robots, many people who depend on them fail. That’s because many robots, including Bitcoin Revolution, are built on fixed parameters that rarely change once they start working. Also, the cryptocurrency industry is constantly changing, meaning that the robot might not be adaptive enough.
Second, Bitcoin Revolution’s website does not offer a lot of details. It just talks about generic information like Bitcoin’s performance, reasons to invest in BTC, and other cryptocurrencies that you can day trade using the robot. There is no information on who the developers are, how the robot works, whether the robot makes money by recommending a certain broker, and even some past users and their experiences.
Third, according to some Bitcoin Revolution reviews, there is no way of verifying the performance claims provided on the website.
Summary
Bitcoin Revolution is one of the thousands of cryptocurrency robots. The developers claim that the bot can help one trade various cryptocurrencies at all times. While there are many claims about the genuineness of the bot, we recommend you to be very careful when using it.