Biticodes?

MikeFloutier

Any comments on Biticodes; it didn’t show up in an MSE forum search?

Ebe_Scrooge

My comment is that it's a bitcoin trading platform - unregulated and highly volatile.  There's a chance to make a decent profit, but an equal (or perhaps greater) chance to make a big loss.  From the small-print at the bottom of their own website: "Approximately 70% of investors will eventually lose money."

DannyCarey

"It works by automatically placing trades in your account so that you don't have to. Orders are triggered by highly precise algorithmic trading bots to strengthen your chances of making a profitable trade."

haha - avoid like the plague.

If you want to buy Bitcoin, I would suggest buying some, put it in cold storage and sit on it for up to 4 years.
 
That's how you can make money on it. Despite its reputation it is not a get rich quick scheme, it is about sitting on it long enough to not miss the rocket..... but almost like all trading, success in investing is not trying to dance in and out of the market, like that above product, which is a certain way to lose money. 

MikeFloutier

My guess is that, like any form of trading, there are winners and losers.

Here in Cornwall, taking a walk can be a risky business; it’s much the same. However, we have learnt to “play the market” fairly well since moving here in 2016 and we do pretty well on the whole.

Bozos’ Bots are legendary. If everyone takes advantage, the playing field, and hence the rewards will diminish. BUT, whilst only a few take advantage it’s rather like waking up early, looking out the window, and going for a walk; you have a great day, and the rest are still snoring.

Bozos benefits from his devotees fortunes, and he knows how to look out the window.

Martin also tips us off about deals the majority miss by being asleep. Is this so different? I’m not suggesting it is, I’m just asking the question….

DannyCarey

Go for it then, I look forward to your updates as to how you are doing

george4064

I thought it was a typo for CitiCodes, guess not!

Malthusian

If you want to buy Bitcoin, I would suggest buying some, put it in cold storage and sit on it for up to 4 years.
 
That's how you can make money on it. Despite its reputation it is not a get rich quick scheme, it is about sitting on it long enough to not miss the rocket..... 

Hand over money for computer tokens and then "get on the rocket" within a maximum of four years sure sounds like a get rich quick scheme to me.

DannyCarey

I suppose that would depend on how much you gambled/staked/invested....

You most likely won't make life changing wealth in those 4 years, but you should make money if it continues to perform in the same way over the longer trends like it has been doing.

Granted its only got a history from 2009

MikeFloutier

Still researching but so far it’s looking suspicious/malicious… (scam-detector, Trustpilot)

plus marketing feels on a par with Equity Release, Solar Panels and Cavity Wall Insulation (if anyone remembers that) 😂

I’m doubting if there is a Bozos link here, just misuse of his name; as happens with Martin.

DannyCarey

Hence why I originally said "avoid like the plague"

wmb194

Of course it's complete rubbish. If someone has an automated trading system that works brilliantly they would be crazy to share it with random punters. Assuming this is even true and the intentions are good, when it inevitably loses you all of your money because markets are always evolving they'll just shrug.