Bitprime Gold is a new automated trading platform, amongst a growing industry trend of Bitcoin robot, or ‘bot’ software tools for cryptocurrency investors. They meet the increasing demand for trading bot programs withing the crypto trading community, as the crypto markets trade 24/7/365, unlike the legacy markets (such as forex, Gold, stocks) for which institutions tend to close trading on weekends. In this guide we’ll compare relatively new robot trading platform Bitprime Gold to other Bitcoin robots and analyze its claimed winrate and investing strategy. Bear in mind many trading robots make exaggerated return on investment (ROI) claims and some are scams, such as those we blacklisted on our top Bitcoin robots page. Bitprime Gold – Overview Based on various Bitprime Gold reviews online this Bitcoin trading robot has the following features: What the Robot Trades Bitcoin (Satoshis, units of BTC) Stated ROI 95% Trading Fees None Minimum Deposit $200 Mobile Compatibility None – Desktop only Visit Bitprime Gold Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Review of Bitprime Gold As the Bitprime Gold website notes, Bitcoin could reach six figures by the end of 2023. Goldman Sachs made a Bitcoin price prediction of $100,000 on CNBC in January 2022. Other institutional investors like Ray Dalio, Elon Musk, Paul Tudor Jones and various hedge funds have made similar predictions when talking to Forbes, the Financial Times and several other media outlets covering finance. Bitprime Gold advertising Bitcoin investors the Winklevoss twins have also predicted BTC could reach $500,000 if it one day matches the market capitalization of Gold ($11 trillion, over 10x the current Bitcoin market cap). Is Bitprime Gold a Scam? We haven’t been able to research any information on who owns Bitprime Gold or its developers. As it’s a proprietary Bitcoin trading bot program its only able to be backtested and audited after making an initial deposit. However it’s not uncommon for crypto project owners to be anonymous or use pseudonyms. Also the 90% winrate claim, which is unverified, is not as high and unrealistic sounding as some Bitcoin robots that claim a 99% ROI. Use a stoploss and only invest the minimum to start with until you’re sure Bitprime Gold works as described. Bitcoin vs Gold While Bitcoin has volatile bull runs and bear cycles (sometimes referred to as pumps and dumps) it has overall in the long term been one of the best performing financial asset classes of the last decade. It began at a valuation of just a few cents in 2010 and hit $69,100 at its current all time high in 2021. In 2022 it’s been in a bear market so far but is still above $20,000, the all time high set in 2017 and the crypto bull run that year, and above the 200 week moving average at around $25,000. Gold price history 2012 – 2022 After a reaccumulation cycle in 2018-2020 it set a new top. Bear in mind multi-year bear markets like that can happen, but so far have historically always recovered. Past performance is not an indication of future results however. The Gold markets by comparison are, after recovering from a dip that lasted most of the last decades, now back around the 1800 – 2000 Gold price range of ten years ago. Gold price history 2012 – 2022 So essentially no movement in a decade – Gold only acted as a store of value and hedge against inflation, but didn’t make a return on investment (ROI) for holders. Bitcoin did however, with the exception of those that bought in at the top – if they hold long term however they should recover their losses. Bitprime Gold Features Bitprime Gold is also able to trade several other of the best altcoins alongside Bitcoin. For example Bitcoin Gold, Litecoin, Dash and ZCash are advertised on the Bitprime Gold site. These altcoins or ‘alternatives to Bitcoin’ are listed on major crypto exchanges alongside Bitcoin and can be traded using the same limit orders, market orders and take profit (TP) orders Bitprime Gold uses. Bitprime Gold Testimonials Most Bitprime Gold user feedback is limited to social media reports and winnings screenshots on Facebook, Twitter and elsewhere some of which may be fake and unreliable. Also some links to the Bitprime Gold website shared online may be to fake sites. There does not appear to be a Bitprime Gold Trustpilot review. Only reviews of Bitcoin Prime which is another similar and popular Bitcoin bot, but a separate program. We haven’t been able to locate a Bitprime Gold Reddit user base either. Bitprime Gold Celebrity Endorsement Some ads online claim that Bitprime Gold appeared on This Morning, or was endorsed by Money Saving Expert presenter Martin Lewis, or Tesla and SpaceX founder Elon Musk. We haven’t been able to verify these claims, although Elon Musk is a proponent of cryptocurrencies and some software such as Quantum AI claims to trade Bitcoin and other cryptos like Dogecoin based on his social media tweets. How to Join Bitprime Gold – Steps To create a Bitprime Gold account appears straightforward based on the website instructions. The step by step process is: 1. Visit the Bitprime Gold Website Ensure you’re visiting the official Bitprime Gold website as some Bitprime Gold links online are clone sites. 2. Enter Personal Information A box on the first page of the Bitprime Gold site prompts new users for their personal details – name, email address, phone number, country code etc. A Bitprime Gold representative will then be in touch to enrol you into the Bitprime Gold program. Some Bitprime Gold feedback online has described this as coldcalling which can be a red flag when investing in cryptocurrency. 3. Deposit Funds We recommend beginning with the stated $200 minimum investment in case Bitprime Gold is a scam, which we haven’t been able to verify. Also test out a withdrawal once you’ve been trading for a short time – take profits as the crypto markets are volatile currently in 2023. Deposits with a debit / credit card or bank wire are accepted in USD, EUR, GBP and various other local currencies. Withdrawals are supported via the same payment method used to deposit and take up to 24 hours. 4. Start Trading Bitprime Gold has a demo account which you can optionally use to paper trade Bitcoin for practice first, or you can begin trading for real money. Remember to only invest what you can afford to lose, and your capital is at risk. All trading involves risk. Start with a small position size when trading as a beginner. Visit Bitprime Gold Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection. Bitprime Gold Alternatives An alternative to using Bitprime Gold or any similar trading bot is to use the copy trading feature on eToro – this FCA, ASIC and CySEC regulated crypto platform allows you to mimic the trading decisions of a winning, profitable trader of your choice, or several. We recommend diversifying your portfolio by allocating part of your funds into a long-established, safe and reputable platform such as eToro – don’t invest 100% of your crypto funds into one bot or hold it on one website. eToro - Automated Copytrading Our Rating Review Traders' Performance, choose from 1 - 100 to Copytrade No Management Fees Free Demo Account Social Media & Forum Community - Trusted by 30 Million Users Start Copytrading Copy trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Read more: Crypto Trixi Review: Scam or Legit? The Results Revealed! FAQs Is Bitprime Gold a scam or legit? It's difficult to verify if any online Bitcoin bot is 100% legitimate in its claimed winrate, and we haven't been able to verify the Bitprime Gold claims. Proceeding with caution and do your own research (DYOR) when considering creating an automated trading platform account. How much can I earn with Bitprime Gold? Various Bitprime Gold testimonials from traders attest to several hundred dollars per week or daily trading session, which would also depend on the principal capital invested. How does Bitprime Gold work? Bitprime Gold claims to analyze the 24/7 Bitcoin price action and profit through scalping, i.e. trading short-term price fluctuations within the intraday trading range.
