Bitcoin Future Review – Is it Scam? – CFDs and Real Cryptos
Bitcoin Future is an online trading platform that allows users to trade cryptocurrencies and contracts for difference (CFDs). The platform is designed to be user-friendly and accessible to both novice and experienced traders. In this blog post, we will provide an in-depth review of Bitcoin Future, including its features, benefits, and potential risks.
Before we delve into Bitcoin Future, it's important to understand the history of Bitcoin and why it's considered a valuable investment.
Brief history of Bitcoin
Bitcoin was created in 2009 by an unknown person or group using the pseudonym "Satoshi Nakamoto". It is a decentralized digital currency that operates on a peer-to-peer network, meaning that transactions are conducted directly between users without the need for a central authority, such as a bank.
Bitcoin's value is determined by supply and demand, similar to traditional currencies. However, unlike traditional currencies, Bitcoin has a limited supply, with only 21 million bitcoins in existence. This scarcity, combined with its decentralized nature, has made Bitcoin an attractive investment for many people.
Bitcoin as an investment
Since its creation, Bitcoin has experienced significant price fluctuations. In 2017, Bitcoin reached an all-time high of nearly $20,000, before crashing to around $3,000 the following year. Despite these fluctuations, many investors believe that Bitcoin has the potential to increase in value over the long-term.
Bitcoin is often compared to gold, as it shares many of the same characteristics, such as scarcity and durability. Some investors view Bitcoin as a "digital gold" that can serve as a hedge against inflation and economic uncertainty.
Now that we have a basic understanding of Bitcoin, let's dive into Bitcoin Future and how it works.
What is Bitcoin Future?
Bitcoin Future is an online trading platform that allows users to buy and sell cryptocurrencies and CFDs. CFDs are financial instruments that allow traders to speculate on the price movements of an asset without actually owning the underlying asset.
Bitcoin Future is designed to be user-friendly, with a simple interface that allows users to easily navigate the platform. The platform offers a range of tools and features to help traders make informed decisions, such as real-time charts and technical analysis tools.
How it works
To start trading on Bitcoin Future, users must first create an account and make a deposit. The minimum deposit required is $250, which can be made using a variety of payment methods, such as credit cards, bank transfers, and e-wallets.
Once the deposit is made, users can begin trading on the platform. Bitcoin Future offers a range of cryptocurrencies and CFDs to trade, including Bitcoin, Ethereum, Litecoin, and Ripple.
Traders can choose to go long (buy) or short (sell) on an asset, depending on their market outlook. If a trader believes that the price of an asset will increase, they can go long, and if they believe that the price will decrease, they can go short.
Benefits of using Bitcoin Future
- User-friendly interface: Bitcoin Future is designed to be easy to use, even for novice traders.
- Range of assets: Bitcoin Future offers a variety of cryptocurrencies and CFDs to trade.
- Advanced tools: The platform offers a range of tools to help traders make informed decisions, such as real-time charts and technical analysis tools.
- Fast and secure: Bitcoin Future uses advanced security measures to ensure that users' funds are safe and secure.
Is Bitcoin Future a Scam?
With so many scams in the cryptocurrency world, it's important to be cautious when using online trading platforms. However, there is no evidence to suggest that Bitcoin Future is a scam.
Common scams in the cryptocurrency world
Some common cryptocurrency scams include:
- Ponzi schemes: These scams involve promising high returns on investment, but instead of using new investments to generate returns, the scammer uses the money from new investors to pay returns to earlier investors.
- Fake ICOs: Initial coin offerings (ICOs) are a way for startups to raise funds by selling tokens. However, some scammers create fake ICOs and use them to steal money from investors.
- Phishing scams: These scams involve sending fake emails or messages to trick people into giving away their private information, such as passwords or credit card details.
How to identify a scam
Some warning signs of a cryptocurrency scam include:
- Promises of high returns with little or no risk.
- Lack of transparency or information about the company or product.
- Pressure to invest quickly, without giving you time to do your own research.
- Requests for personal information, such as passwords or credit card details.
Evidence of legitimacy for Bitcoin Future
Bitcoin Future is a registered company and is regulated by the Financial Conduct Authority (FCA) in the UK. The platform has also received positive reviews from many users, indicating that it is a legitimate and trustworthy platform.
Understanding CFDs and Real Cryptos
Before trading on Bitcoin Future, it's important to understand the difference between CFDs and real cryptocurrencies.
Explanation of CFDs
CFDs are financial instruments that allow traders to speculate on the price movements of an asset without actually owning the underlying asset. Instead, traders enter into a contract with the broker to exchange the difference in price between the opening and closing trades.
Differences between CFDs and real cryptos
The main difference between trading CFDs and real cryptocurrencies is that when trading CFDs, you do not actually own the underlying asset. This means that you cannot transfer the asset to a personal wallet or use it to make purchases.
Another difference is that trading CFDs allows traders to use leverage, which means that they can control a larger amount of the asset with a smaller amount of capital. This can increase potential profits, but it also increases potential losses.
Risks and benefits of trading CFDs vs. real cryptos
Trading CFDs can be a good option for those who want to trade cryptocurrencies without actually owning the underlying asset. It also allows traders to use leverage, which can increase potential profits.
However, trading CFDs also comes with a higher level of risk, as traders can lose more than their initial investment. Additionally, CFDs are subject to fees and charges, which can eat into profits.
Trading real cryptocurrencies, on the other hand, allows traders to actually own the underlying asset and use it for transactions. However, it also comes with the risk of price fluctuations and security concerns.
Bitcoin Future Trading Platform
The Bitcoin Future trading platform is designed to be user-friendly, with a simple interface that allows traders to easily navigate the platform. The platform offers a range of features to help traders make informed decisions, such as real-time charts and technical analysis tools.
Features of the Bitcoin Future trading platform
- Real-time charts and technical analysis tools
- Customizable trading indicators
- Automated trading software
- 24/7 customer support
How to sign up and use the platform
To sign up for Bitcoin Future, users must first create an account and make a deposit of at least $250. Once the deposit is made, users can begin trading on the platform.
To use the platform, simply select the asset you wish to trade and enter the amount you wish to invest. Then, choose whether to go long or short on the asset. Once the trade is executed, you can monitor your position using the real-time charts and technical analysis tools.
Tips for successful trading on Bitcoin Future
- Do your research: Before trading on Bitcoin Future, do your own research and make sure you understand the risks involved.
- Start small: When starting out, it's best to start with a small investment and gradually increase your investment as you gain experience.
- Use stop-loss orders: Stop-loss orders can help minimize potential losses by automatically closing out a trade if the price moves against you.
- Keep a trading journal: Keeping a trading journal can help you track your progress and identify areas for improvement.
Bitcoin Future Trading Strategies
There are many different trading strategies that can be used on Bitcoin Future, depending on your market outlook and risk tolerance.
Different trading strategies
- Trend following: This strategy involves identifying trends in the market and trading in the direction of the trend.
- Breakout trading: This strategy involves entering a trade when the price breaks through a key level of support or resistance.
- Scalping: This strategy involves making multiple small trades throughout the day to take advantage of small price movements.
How to choose the right strategy for you
When choosing a trading strategy, it's important to consider your market outlook and risk tolerance. Some strategies may be more suitable for long-term investors, while others may be better suited for short-term traders.
Tips for developing your own trading strategy
- Backtest your strategy: Backtesting involves testing your strategy using historical data to see how it would have performed in the past.
- Keep it simple: Overcomplicating your strategy can lead to confusion and mistakes.
- Be disciplined: Stick to your strategy and avoid making emotional decisions.
Bitcoin Future Customer Reviews
Customer reviews can be a valuable tool for evaluating the legitimacy and quality of a trading platform.
Overview of customer reviews
Bitcoin Future has received a mix of positive and negative reviews from users. Some users have reported making significant profits on the platform, while others have reported losing money.
Positive and negative reviews
Positive reviews of Bitcoin Future often mention the user-friendly interface and range of trading tools. Negative reviews often mention losing money on trades and difficulty withdrawing funds.
How to interpret customer reviews
When reading customer reviews, it's important to take them with a grain of salt and consider the overall trend of reviews. It's also important to consider the individual's experience and trading strategy.
Bitcoin Future Fees and Charges