We analyzed Scalp Bitcoin and realized that it was in fact an expert advisor with the ability of trading Bitcoin too. This means that for you to use it, you must find a Forex broker who is also offering Bitcoin as a trade-able asset.
According to the developer of Scalp Bitcoin trading system, you can make thousands of dollars from Bitcoin trading even when you don’t have experience in this kind of trading.
The reason why they think their product is profitable is because Bitcoin is really showing a huge potential right now.
The developer also claims that they believe in themselves because they have done it before. They have figured out a special technology that is able to trade Bitcoin for profit without you lifting a finger to intervene.
Their sales pitch sounds like something you can hear from internet marketers who sell unattainable dreams of success.
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But let’s find out anyway, whether Scalp Bitcoin is a product that is worth your attention.
The landing page of this website introduces us to someone called Brad Sheradon who also claims to be the head of a team of investors and developers.
This team has been specializing in designing investment systems in the past few years.
Surprisingly, the real name of this developer does not feature anywhere on that landing page. The name Brad Sheradon is an alias. His real name is Lance Hunter.
At this point in time, that discovery casts a shadow of doubt regarding this bitcoin trading system. Maybe it works, maybe it doesn’t. The big question is: why is Lance Hunter, the developer, using an alias name to represent themselves in this website?
Anyway, the main thing that we now have to analyze when it comes to this product is whether or not it is a viable investment strategy. The one reason why we are concerned is that there are currently many developers and even traders who are trying to capitalize on the fact that Bitcoin is showing lucrative opportunities right now.
As it stands now, we only want to figure out whether or not there is a true strategy here. You see, these vendors can sometimes make claims that don’t necessary represent the truth. This might just be another ploy to win over customers.
When speaking in terms of strategy, we learn that Scalp Bitcoin trading system is volatility-based. The main concern here is that there is very little information about this system out there.
In fact, we are even scared because based on our opinion, volatility-based trading systems tend to work best in markets that are less volatile. Experience has taught us that scalping in a highly volatile market is like gambling in a Las Vegas casino. The odds of winning are very slim.
The reason why we are against scalping system that try to trade in highly volatile markets is because these markets tend to run in the wrong direction quickly rather than going up and down a few pips at a time. This makes it harder to scalp such a market. We also believe that Scalp Bitcoin is not any better. It is prone to suffering this setback too.
Besides, when you go to the sales page of this product, you will not find sufficient details as to how the Scalp Bitcoin system is working. There is equally no strategy that was associated with this trading system. Instead, the sales page talks about automated trading and how Bitcoin has been making the headlines lately.
It trades BTCUSD on the M15 time frame, and the price is $347 per year. Of course the developer also has the option of paying $127 every 3 months.
This makes it an expensive product to begin with. You see, people should always choose products that give them lifetime access rather than subscription based systems that keep demanding that they should pay money after a specific period of time.
But we hope that there is something quite interesting in the trading results section of the site, which is actually making the price of this trading system to go up.
This is where the rubber meets the road. If we are to endorse a system, it would first maintain a decent myfxbook results for us to even consider endorsing it.
It is also standard practice for vendors to provide links back to their verified myfxbook account. This is the only way to be sure that a trading system really performs the way its vendor is putting it across.
In the case of Scalp Bitcoin, we only have screenshots of their ‘myfxbook account’. We do not have a link back to that account since it was not provided.
And the only reason we can think of for not providing direct access to this account is that it was probably blown up, or it does not exist altogether.
The main sales page suggests that this software started trading in February 2016 up to July 2017. This information was captured in a supposed myfxbook account.
During this time, the trading system managed to grow this account by 500%. Yes, this is not a mistake. It managed to grow that account by a whooping 500%.
The question that we have now is this: where has that account gone to? Has it suddenly disappeared into thin oblivion?
If that question does not have an answer, then there is no way we will sign up or ask people to sign up with this trading system.
Furthermore, the images which you see on the homepage (the ones they are claiming to represent their account statements) must have been stolen elsewhere.
And for them to achieve this mission, the vendor conveniently cut out that specific part which contains the name of the original owner of that myfxbook account.
So then, it becomes apparent that the owner of Scalp Bitcoin is just trying to fool around with our intelligence. There are lots of questions which definitely need answers here since their trading results are not convincing enough to make us believe the alleged performance.
If the claims made by this developer on their site is anything to go by, we would say that this trading system is currently the best product to use when trading crypto-currency.
Unfortunately, it seems that no trader has ever used this product or written feedback on the internet concerning their experience with Scalp Bitcoin.
Is it that people don’t want to earn the alleged thousands of dollars that this software is making every month? Not likely.
We cannot recommend this trading product to our readers because of the reasons given above. To be specific, we mentioned that the trading results were fake. There are lots of discrepancies here and there which can’t justify the amount of money that you will be paying to use this trading system.
Besides, we feel that Scalp Bitcoin is a very expensive software. No need to use it if you can find good alternatives that return decent profits.
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