Bitcoin Lifestyle Review 2020 - Is It Worth It?
Cryptocurrency is a rapidly growing digital asset class billed to revolutionize the way value is transferred online. That’s why Bitcoin and several other cryptocurrencies have been the best performing asset class in 2020. In ‘crypto’ nothing goes up or down in a straight line. The market is extremely volatile and you can see your gains wiped out soon after making them. Chaos is a ladder though and investors are devising smarter ways to capitalize on cryptocurrency volatility.
Unfortunately, manual traders are at a significant disadvantage when compared with institutional firms, who make use of expensive trading terminals and robots to outperform manual traders. Automated cryptocurrency trading robots for the retail market provide the ability to compete with the bigger players. Bitcoin Lifestyle could be one such robot, where users have reported significant earnings in the past. Fully automated, it claims to use a smart algorithm to identify and ‘snipe’ opportunistic trades with rapid speed.
In this guide, we will review Bitcoin Lifestyle to see if the software lives up to its hype. We will also look at what’s involved in crypto trading with the software step-by-step.
What Is Bitcoin Lifestyle?
Bitcoin Lifestyle is a cryptocurrency trading bot that combines industry-leading analytics with the power of a trading bot to identify and execute profitable trades automatically.
Typically, trading bots are used by large scale trading firms like Bloomberg. These terminals are complex and can cost upwards of $20,000, making them out of reach for the average retail trader.
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Who Created Bitcoin Lifestyle?
No one knows for sure who created Bitcoin Lifestyle. The intelligence of the algorithm and performance of the trading bot indicates a team of professional cryptocurrencies traders with a high level of expertise in market analytics and computer programming.
The design and functionality of it remind us of two of the most popular crypto trading bots in history, Bitcoin Compass and Bitcoin Rush.
Start Trading in 3 easy steps
On the website, you’ll see a form where you can register to create an account. You’ll need to provide your name, phone number, and email address.
Next, you will need to make a deposit into your trading account. The minimum deposit to start trading with Bitcoin Lifestyle is $250.
Once you have successfully deposited your trading capital, you are ready to start trading automatically with the robot.
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Pros & Cons
Key Features of Bitcoin Lifestyle
Bitcoin Lifestyle claims users typically profit a minimum of $1100, per day. A live profit table is hosted on the website to demonstrate the types of successful trades being executed on the platform in real-time.
In our test of the software, the algorithm was successful in determining trades with 80% accuracy. We expect this could be increased with some tweaking of trading parameters.
It has been designed to be as easy as possible to use and fortunately the verification process is also straightforward and free.
Regulations require that you prove your identity before you begin crypto trading. This process helps to protect you from having your account compromised. Users only have to provide their full name, email and telephone number to register.
How simple the withdrawal process is can be a great test of a trading platform’s legitimacy and professionalism. Withdrawing profits from the platform were reassuringly painless. With Bitcoin Lifestyle, we were able to link our bank account and withdraw funds daily, without issue.
Costs and Fees
It is completely free to use. That means no broker or exchange fees whatsoever. Users of the platform are free to collect 100% of their trading profits, which can be transferred to a bank account as required. If you plan on trading with leverage, make sure to know the risks.
Bitcoin Lifestyle has drawn a lot of attention among cryptocurrency traders due to its high success rate and because of the user testimonials, which indicate many people are profiting from using the software.
Trading cryptocurrency can be stressful for the uninitiated and a trading platform is only ever as good as its customer service. In our trial of the software, we found Bitcoin Lifestyle’s help desk to be responsive when we contacted them by email. Telephone support is also available to traders.
In order for Bitcoin Lifestyle to conduct trades on your behalf, the software is linked to a regulated broker. This broker provides a gateway from the software to the cryptocurrency market. With Bitcoin Lifestyle, you don’t have to choose the broker. We were referred to two different brokers during our trial of the software, both of which were regulated by global authorities and fully compliant.
Is Bitcoin Lifestyle Legitimate?
In our three-day trial of Bitcoin Lifestyle, we found it to be the responsive trading bot advertised. In a small data test, the robot outperformed our manual trading with the same stake and time period. Being fully automatic it was very easy to use once you have worked out what trading rules you want the bot to abide by.
We found the longer we used the platform, the better we became at identifying the right settings to maximize the bots’ effectiveness.
This auto trading bot will no doubt appeal to traders who prefer a hands-off approach rather than chart junkies who want to actively trade. This, coupled with numerous positive testimonials, leads us to believe Bitcoin Lifestyle is a legitimate trading software that will suit most types of traders.
5 Reasons to Use Bitcoin Lifestyle for Trading
1. Intuitive User Interface
Fortunately, you don’t need to be a computer programmer or an experienced trader to benefit from Bitcoin Lifestyle. This software has been expressly designed to have the functionality outright beginners can navigate.
2. Boasts Market-Leading Win Rate
Bitcoin Lifestyle is gaining a cult following over the accuracy of its trading algorithm, with a claimed success of a whopping 99.4%.
3. Faster than manual trading
Speed is a greatly overlooked advantage when it comes to the cryptocurrency market or indeed any highly volatile market. Having the ability to enter and exit a trade quickly is essential.
4. Smart Analytics
Smart algorithms like the one used in Bitcoin Lifestyle can interpret huge amounts of market data much faster than a human can. Having access to quick and incisive market data via trading signals provides users with another advantage over manual traders.
5. Cut out human error
You would be surprised how many people have a cryptocurrency trading horror story. Misplacing a decimal point on a buy or sell order, can mean the loss of thousands of dollars. Bitcoin Lifestyle is fully automated, with an easy-to-use interface that takes the stress out of trading.
What’s the Best Way to Use Bitcoin Lifestyle?
It is our belief that Bitcoin Lifestyle is a powerful tool for trading cryptocurrency volatility that should form part of a greater investment strategy. With cryptocurrency the best performing asset this year, you should have some long-term exposure to the market. That said, trading with this crypto bot is a great way to make some additional money in times of volatility and ‘trading chop’. It is also attractive for people wanting to trade less, while capitalizing more, on the short term moves of cryptocurrency prices.
Has Bitcoin Lifestyle Ever Appeared On TV?
Cryptocurrency is a nascent asset class that is increasingly becoming known in most people’s households around the world. Trading bots, however, typically don't receive the same media attention as the industry itself.
With word of mouth, automatic cryptocurrency trading bots are starting to draw a lot more attention from retail investors and traders. There has been speculation online that Bitcoin Lifestyle was featured on US Television. We took a look at some of these rumours to check their authenticity.
`Dateline' is the newsmagazine of the NBC network premiering in 1992. Currently hosted by Keith Morrison, the network has reported on cryptocurrency extensively and even ran some content on trading technology. We failed, however, to find any evidence of Bitcoin Lifestyle being explicitly discussed, though we can’t categorically rule it out.
A news program on the CBS network, 60 Minutes has probably done more investigative journalism on the cryptocurrency market than most.
The program is known for breaking the latest stories on emerging technologies like cryptocurrency trading and even shed some light on some of the great crypto successes and failures. We failed to discover any reports dedicated to automatic trading bots.
Has Bitcoin Lifestyle Ever Been Endorsed by a Celebrity?
Fake celebrity endorsements are known to happen and suggestions of any celebrity’s approval of a product should be taken with a grain of salt. Unless you heard it directly from the celebrity’s lips, it is difficult to confirm any endorsements with absolute certainty. Nonetheless, we will look at some of the rumoured celebrity endorsements of Bitcoin Lifestyle floating around in chat rooms to see if they have any substance.
British TV chef and presenter Jamie Oliver has been rumoured to endorse Bitcoin Lifestyle. We discovered a tweet where the popular chef denied investing in Bitcoin in 2018. Whether or not he has changed his opinion on Bitcoin, there is little to suggest he has at some point endorsed this auto-trading robot. We are calling this one false.
The Hollywood star has a known affinity with cryptocurrency and has invested in blockchain-based gambling start-ups along with billionaire investor, Mark Cuban. We couldn’t find any reports of Kutcher backing this trading bot thus we will dismiss this rumour as false.
The former world champion boxer has become quite the Renaissance man, as he’s got older. A podcaster and advocate of technologies that empower personal freedom, Tyson invested in Bitcoin and even helped produce Bitcoin ATMs featuring his distinctive facial tattoo. Despite his interest in cryptocurrency, there are no trustworthy reports of Tyson specifically using and endorsing Bitcoin Lifestyle.
5 Ways You Can Maximise Success With Bitcoin Lifestyle
As good as Bitcoin Lifestyle sounds, no trading platform comes without risks. Many factors come into play in shaping your trading strategy and how you approach things will determine your level of success. Having access to a cutting-edge trading robot is a significant advantage but you will still have to exercise common sense.
Consider these 5 key practices of successful traders so you can get the most out of smart trading software..
Normally, when you run into trouble trading, it is because you got greedy. Starting small and working your way up is the safest and surest way to profit from advanced trading software. You need to manage risk effectively and properly weigh your trades, especially in the beginning. Use the demo trading feature first and limit your trading outlay for the first few days live trading.
Save Some Profits
A mantra often repeated by experienced cryptocurrency traders is ‘it’s never a bad time to take profit’. The volatility in the cryptocurrency market can see you profit big, fast, but it’s worth remembering you can also lose big, fast. Don’t leave yourself overexposed. Take profits incrementally and withdraw them to your bank to realize those paper gains. This way you’ll be less tempted to reinvest them.
Follow the Advice of Experts
To inform your trading strategy, we recommend listening to cryptocurrency experts to determine the market outlook for a coin you are considering trading. Often the real crypto experts aren’t represented in the mainstream media. Rather, they have their own community channels on YouTube and accounts on Twitter. It’s worth doing your research before putting money down.
Keep a Record for Tax Purposes
Many people get carried away with trading and forget to keep detailed records that ensure they are compliant at tax time. It’s a great practice to keep because it also ensures that you always have a record of your trades. This data is valuable when it comes to analyzing the success of your trading strategy and making modifications.
Only Invest What You Can Afford to Lose
Most traders of cryptocurrency understand the risks involved and take proper risk management measures. It can’t be stated enough, though. Only trade what you can afford to lose. The outlook for cryptocurrency is very promising but it is important not to get carried away. When it comes to trading, greed kills. If you size your positions responsibly, you can really turn a profit, while never exposing yourself to being liquidated.
Overall we are very surprised with the ability of Bitcoin Lifestyle to perform as claimed. The software empowers retail traders to trade cryptocurrency volatility like the trading firms, with a smart, algorithmically-sound trading bot that was very successful at identifying profitable trades.
The ease of use of the software was comparable to two other popular trading robots, Bitcoin Method and Bitcoin Millionaire.
With the added reassurance of a professional help desk, Bitcoin Lifestyle will likely appeal to people who don’t possess the technical skills needed to trade on more complex platforms. The accuracy of the trading algorithm and speed of trading will appeal to traders of all skill levels.