Hi, I am currently on holiday so have not had time to test this product BUT it does look very interesting AND the concept seems sound and the developers previously were behind what was one of the first, most successful forex robots:
If you have decided to give this a try then please leave a comment below or contact me
Around 2001, before I started to trade forex I was looking to find a way to make money working from home, I bought a course that showed how to make money from arbitrage between bookmakers. If you are unfamiliar with the term here is how investipedia define it:
“The simultaneous purchase and sale of an asset in order to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as a result of market inefficiencies; it provides a mechanism to ensure prices do not deviate substantially from fair value for long periods of time.”
I had never been interested in gambling but ended up opening accounts with approximately 20 of them who were scattered around the globe. This was an essential part of the strategy. The aim was to find a difference in the odds that were being offered between different bookmakers with the goal of having a “no lose” bet and making a small profit in between them. The guy who sold the course showed a 10 year track record and it made logical sense BUT with the birth of the internet, bookmakers basically killed the process. It ss too complicated to go into here and now, but the bottom line was it didn’t work as it had been around for too long and bookies got wise to it.
This new robot is unique in that it is in right at the beginning of a new and ever growing world wide boom in “bitcoins” – the alternative currency. The guys behind the robot are the ones who created the original fapturbo forex robot. Many of those who bought it at the beginning actually made money with it (as long as they were with a decent broker) but eventually too many robots were sold (over 50,000), brokers got wise and started cheating it and the results then faded away to nothing and eventually lost.
This bitcoin robot is to my knowledge the first of its kind and therefore those getting in at the beginning may well find that it is as profitable as the vendors claim.
Here is a detailed explanation of how bitcoin works and how the robot makes a profit from the lack of financial sophistication of its current users. To Find out more, CLICK HERE
Author: Marc Walton