Bitcoin Circuit Review: Is it a Scam or Legit?

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This post was most recently updated on October 1st, 2020

bitcoin circuit review scam or legit - Bitcoin Circuit Review: Is it a Scam or Legit?

Cryptocurrency is a hot topic all around the world. With the number of positive user testimonials growing, there are many curious investors looking to enter into the cryptocurrency market. We decided to start doing research on the tools that investors are using. New and experienced investors use smart tools and technology to make profits from trading Bitcoins.

Programs that are used for trading on the cryptocurrency market have been around for a while. This type of technology has made it possible for new and experienced investors around the world, to either gain financial freedom or grow their passive income, some have even claimed to have successfully achieved both.

We understand that there may be some doubts around the Bitcoin Circuit technology and decided to curate a review to answer some of your most pressing questions.

Bitcoin Circuit


What is Bitcoin?

Bitcoin has had a significant 2017 after its value increased more than 20 times from below €1,000 dollars to just under €20,000. This phenomenal increase has earned the attention of many hopeful investors trying to find out how they can make money off this cryptocurrency. In essence bitcoin is a digital or virtual currency that is not governed by any central authority or financial intuition, such as banks. Bitcoin is completely decentralised. It cannot be withdrawn like other currencies, since bitcoin is a computer file powered by blockchain technology. This means that every bitcoin is publicly listed and cannot be counterfeited or duplicated. Bitcoin has no central bank nor is it regulated by any state. The supply of bitcoin to only be mined. For each bitcoin transaction, a computer owned by a bitcoin investor or rather a bitcoin miner must solve a complex mathematical problem. The bitcoin miner then receives a fraction of a bitcoin as a reward.


What are Cryptocurrencies?

Like bitcoin, cryptocurrencies are digital or virtual assets. They are independent from governments or central authorities. The more people who invest in cryptocurrencies, the more it is worth. Currently, bitcoin is the most popular cryptocurrency out there. But there are others such as:

  • Litecoin
  • Ethereum
  • Monero
  • Zcash
  • NEM
  • Dash
  • NEO
  • Verge

What is Blockchain Technology?

Blockchain technology is a mechanism that enables distributed public ledgers that hold immutable data in an encrypted way. This ensures that transactions can never be altered or duplicated. While bitcoin and other cryptocurrencies are most popular when it comes to using blockchain technology, this distributed ledger technology is finding a broad range of users. Companies globally are creating their own type of blockchain technology for data storage, financial transactions and even real estate.


What is Bitcoin Circuit?

It has been reported that Bitcoin Circuit may be one of the most popular investment plans. Not only have the software developers of this advanced trading system vouched for Bitcoin Circuit, but new users have also indicated that they are satisfied with Bitcoin Circuit and the returns that they have received. In essence, Bitcoin Circuit is an advanced trading system that trades on behalf of users. It is reported that Bitcoin Circuit’s features can create more earning opportunities for all users.


How Does Bitcoin Circuit Work?

Basically, the investor registers and creates his/her account. After that an initial deposit is required. The money deposited is credited to the account. Once the trading system is activated, the technology behind Bitcoin Circuit uses the initial deposit to buy low priced coins or cryptocurrency. This can be held until the value appreciates. An increase in the value of the cryptocurrency triggers the system and then the most profitable trades are analysed, until a suitable deal is selected and the cryptocurrency can be sold at a higher price to make a profit.

The statistics have shown that many first time investors are relying on automated software. This is why it is increasingly important that many new investors choose the best trading platform that has the ability to increase the profit earned.

There are of course many scam websites that offer automated crypto trading services. There are investors who have lost large sums of many from these websites and these losses were irreversible. The developers of Bitcoin Circuit have provided a massive amount of information for potential investors on the platform and cryptocurrency in general.

Bitcoin Circuit


Is Bitcoin Circuit Legit or a Scam?

It has been reported that Bitcoin Circuit is a legitimate crypto trading system. It is however important to note that it is a trading tool and there are risks associated with the platform. New investors will do well to do the necessary research regarding the platform like finding user testimonials.


What Makes Bitcoin Circuit Successful?

  • Bitcoin Circuit is Accurate: the technology behind Bitcoin Circuit is praised for being accurate. It has been reported that new investors can expect anywhere between 99.4% and 100% for accuracy on most of their live traides. Investors can be secure in knowing they will always have access to best trades.
  • Bitcoin Circuit uses the latest technology: according to other reviews the technology behind BitcoinCircuit is 0.01 seconds faster than any other automated trading system. This means that new investors have the 0.01 second advantage on the cryptocurrency market, where timing is everything.

Opening Your Bitcoin Circuit Account

Registration

Registration with Bitcoin Circuit is quick and easy. All a new investor needs to do is fill in some information, such as email address and contact details. You will also be required to create your own alphanumeric password to further secure your account.

Official Bitcoin Circuit Registration

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Demo account

Bitcoin Circuit has a demo trading feature that is aimed at testing the technology. The new investor can explore and experience the trading platform without investing money. It is recommended that new investors use the demo account feature before live trading commences.

Make a Deposit

The Bitcoin Circuit platform requires new investors to make a minimum deposit of €250 before starting live trade. Bitcoin Circuit accepts a variety of payment methods to accommodate investors all around the world.

Begin Live Trade

Once the deposit is made the new investor can start live trading. The platform can be used manually and automatically. The new users designated broker will recommend how to configure the settings. However, it is recommended that new investors check their account for at least 20 minutes daily.


Our Top Three Tips for Thriving on Bitcoin Circuit

Only deposit your disposable income

Never spend what you cannot afford. Using your disposable income to trade on Bitcoin Circuit is a smart move. You can always deposit more after gaining your return from a profitable trade.

Study the market trends

It is important to know what is currently happening in the cryptocurrency market. This information is readily available online and there are many other media outlets that will be able to provide you with accurate information concerning the cryptocurrency market.

Invest wisely

Don’t spend what you cannot afford to. When it comes to your minimum deposit make sure you use your disposable income to guard against any losses.


Can New Traders Be Successful on Bitcoin Circuit

Crypto trading is much like mainstream stock and forex trading in a number of ways. Potential investors use indicators, price charts and fundamental drivers for trade rationale. Trading strategies are then developed after hours of testing. There is no cut and dry strategy. Trading in the cryptocurrency market is complex. Many new traders rely on advanced technology, like Bitcoin Circuit to execute trades on their behalf. This is usually done through a series of algorithms that scan the markets and extract the most profitable trade. New or potential investors should equip themselves by reading up on these technologies, such as the bitcoin revolution review and others.

Unlike sports and other events, when potential investors conduct trades they enter into a very competitive ring, where they are up against the very best in the industry. It can be likened to an average Joe, competing in the Olympics with no formal physical training and expecting to win gold. The outcome would not be successful.

Perhaps amateurs interested in trading still visualize the crammed trading floors where participants yell for traders. Since trading has gone digital, crammed trading floors have disappeared.

Bitcoin Circuit


Has Bitcoin Circuit Been featured in the media?

We have found many claims that Bitcoin Circuit has been featured on different TV shows such as Shark Tank and Dragon’s Den. These TV shows have millions of viewers. We decided to investigate these claims to find out the truth.

Has Bitcoin Circuit Been Featured on Dragons Den?

Dragons Den is a British Television programme, where aspiring entrepreneurs are given three minutes to pitch to a panel of millionaires with the hope that they will get an investment. There have been claims that the entrepreneurs have endorsed Bitcoin Circuit on the show. We cannot confirm that claims are true.

Has Bitcoin Circuit Been Featured on Shark Tank?

Shark Tank is an America business reality television series that first aired on the 9 of August 2019. Shark Tank is similar to Dragons Den. Entrepreneurs on the show have to pitch their business idea to a panel of five investors, who ultimately have to decide who they’re willing to invest in. There have been rumours that Bitcoin Circuit was featured on Shark Tank. Unfortunately, these rumors are false. We could find no proof or evidence that Bitcoin Circuit ever featured on Shark Tank.


Has Bitcoin Circuit Been Endorsed by Celebrities?

There have been reports on mainstream media that Bitcoin Circuit has been endorsed by celebrities such as Richard Branson, Floyd Mayweather and Lionel Messi. We decided to interrogate these reports to find out if they’re factual.

Did Richard Branson Endorse Bitcoin Circuit?

Sir Richard Branson is a British entrepreneur, adventurer and head of Virgin Group LTD. Branson is a high school dropout, who now owns a conglomerate of businesses. He has appeared on tv shows, including Shark Tank, numerous times. There have been rumours that Richard Branson has endorsed Bitcoin. We can now confirm that these rumours are false. In fact Branson has warned against these rumpus and has a whole legal team to handle the publishing of fake news.

Did Floyd Mayweather Endorse Bitcoin Circuit?

Floyd Mayweather is an undefeated boxing champion who is renowned worldwide. There have been reports that Floyd Mayweather has endorsed Bitcoin Circuit on Social Media. We could not find any proof of these claims. However, in 2017 he tweeted, saying that he was spending bitcoins ethereum and other types of cryptocurrency in Beverly Hills. He also stated that we could call him Floyd Crypt Mayweather.

Did Lionel Messi Endorse Bitcoin Circuit?

Lionel Andrés Messi is an Argentine professional footballer who plays as a forward and captains both La Liga club Barcelona and the Argentina national team.There have been reports in mainstream media that Lionel Messi has invested in Bitcoin. We can confirm that these claims are false.


Our Conclusion

The outcome of our research on the Bitcoin Circuit platform leads us to support the claims that Bitcoin Circuit is 100% legit and can assist new and experienced traders in generating a passive income and growing their wealth. It is estimated that a new user can earn between €200 and €1000 every week. This depends on how much money the user invests and keeps reinvesting. Earning a significant amount of money on this trading platform is a possibility.

Bitcoin Circuit


FAQ’s

  • Can Bitcoin Circuit be used by anyone?

Yes, it is a trading application designed to be used by traders of all skill levels.

  • Is the Bitcoin Circuit app available?

No, there is no mobile app; the technology can be used online through any web browser and on all types of devices.

  • Have any celebrities endorsed the Bitcoin Circuit?

No, we cannot confirm that there have been endorsements by celebrities or paid partnerships.

  • How much can be earned with Bitcoin Circuit?

It is reported that investors are already earning over €5,000 daily with this trading application. The earning potentials are limitless because the market trends change.

  • Are funds secure on Bitcoin Circuit?

Yes, all investors’ funds and other information are protected on the platform.

I have no experience in online trading. Can I use the Bitcoin Circuit software?

The Bitcoin Circuit app is designed to be used by both experienced traders and those who have never traded before.

  • What kind of results must I expect from Bitcoin Circuit?

How much money you earn on Bitcoin Circuit is entirely dependent on your investment of time, money, and effort. There is no set limit.

  • Are there any fees involved to join the Bitcoin Circuit?

The Bitcoin Circuit software is completely free. There are no hidden costs or commissions.

  • What is Bitcoin?

Bitcoin is simply explained as a digital and global money system currency. It allows people or investors to send and receive money across the internet. It is not controlled by a central bank or administration and therefore referred to as a decentralized currency.

  • What does bitcoin look like?

A bitcoin does not look like the traditional penny, pound, dollar, or any other traditional currency. In reality, bitcoin is a computer file that has been stored in a virtual wallet app.

Bitcoin Circuit


Bitcoin Price Predictions

Chamath Palihapitiya- $1,000,000 (by 2037)

Chamath Palihapaitiya is the co-owner of the Golden State Warriors and the founder of Social Capital. It is reported that his bitcoin journey started with a bitcoin investment made back in 2012. In 2013, it is claimed that he included bitcoin into his hedge fund, general fund and private account. Palihapitiya has predicted that the Bitcoin Price will reach $100,000 in the next few years.

In reports, he has said:

This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”.

Wences Casares- $1,000,000 (by 2027)

Wences Casares is the founder and CEO of Xapo, which is a Bitcoin Wallet startup. He is also reported to be a board member at Paypal, among other roles. Wences interest in bitcoin first started when high financial volatility hit his home country in, Peso, Argentina. Wences bought his first bitcoins in 2011. He has predicted that bitcoin will hit $1 million sometime before 2027.

John Pfeffer- $700,00 (no date provided)

John Pfeffer is a partner at London-based family office Pfeffer Capital. It has been reported that Pfeffer set a bold price target for bitcoin of $700,000. According to Pfeffer, bitcoin is the world’s first viable replacement for gold.

Jeremy Liew- $500,000 (by 2030)

Jeremy Liew is a partner at Lightspeed Venture Partners, which is renowned as the first investor in the social media app Snapchat. Liew has a long list of other investments including the multimedia company Beme, Varage Scale and Wallet Ledger. Currently, his net worth is estimated at approximately $2 billion.

It has been reported that Liew has said that the price of bitcoin can realistically reach $500,000 by 2030.

Mark Yusko-$400,00 (no date provided)

Mark Yusko is a billionaire investor and the founder of Morgan Creek Capital. It is has been reported that Yusko’s prediction for bitcoin is that it will be worth over $400,000 in the next few years. His statement has apparently made headlines for its grandiose scale. It has been reported that Yusko had the following to say about bitcoin:

“It’s just math. It is the gold equivalent…there are about 20 million Bitcoin available today. Gold today is about $8 trillion. That gives you $400,000. And that doesn’t include use cases that relate to currency,” Yusko said.

Roger Ver – $250,000 (no date)

Roger Ver is an early investor in Bitcoin and related blockchain startups. Born in the US and now with citizenship in Saint Kitts and Nevis, Ver started his business career with a computer parts business, MemoryDealers.com. By early 2011, Ver had begun investing in Bitcoin, now with a portfolio including startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken.

In an interview with Jeff Berwick, for The Dollar Vigilante blog, Roger Ver said in October 2015 that Bitcoin “could very easily be worth $2,500, or $25,000 per Bitcoin, or even $250,000 per Bitcoin”. Ver’s estimate is based on the principles of supply and demand, which he believes creates great potential for Bitcoin as a store of value.

Anthony Pompliano – $100,000 (by 2021)

Anthony Pompliano is a well-known Bitcoin personality. He’s a founder and partner at Morgan Creek Digital, a crypto-friendly asset management firm for institutional investors. He has previously claimed that he holds more than 50% of his net worth in Bitcoin, showing his belief in the cryptocurrency.

Pompliano has predicted that Bitcoin will hit $100,000 by the end of December 2021. At the time of the prediction (February 2020), Bitcoin had just reached the $10,000 mark, meaning the currency would need a 1,000% increase — within just two years — to reach his target. His prediction would put the market cap of Bitcoin at more than $2 trillion.

Kay Van-Petersen – $100,000 (by 2027)

Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment. Based out of Singapore with an MSc in Applied Economics & Finance from Copenhagen Business School, Van-Petersen is an active Twitter user with no fear of speculating on tough topics like the prices of cryptocurrencies.

Van-Petersen believes that Bitcoin will rise to $100,000 per unit by 2027, according to a feature by CNBC news published in May 2017. As the man who successfully predicted Bitcoin’s flow up to $2,000 by 2017, Kay Van-Petersen’s most recent estimate, perhaps a little optimistic, suggests that Bitcoin would then account for 10% of the volume in the foreign exchange market.

Tom Lee – $91,000 (by 2020)

Tom Lee is Co-Founder of the market strategy firm Fundstrat Global Advisors, and a well-known bitcoin bull. Lee initially set a Bitcoin price target for $11,500 for mid-2018, and then increased it to $20,000 as the cryptocurrency’s intrinsic value increased. These targets were instead achieved by the end of 2017.

He recently upped his prediction again, stating that Bitcoin’s price will reach $91,000 by March 2020, on the basis of a chart that shows Bitcoin’s (BTC) performances after past market dips. Lee and Fundstrat used an average of the percentage gained in price after each dip to arrive at the 2020 figure.

Tai Lopez – $60,000 (mid-term)

Tai Lopez is a renowned investor and internet marketing expert, famed for a viral video he had filmed in his garage. He believes that if a small portion (1%) of the assets of millionaires globally is invested into Bitcoin in the upcoming months, the price of Bitcoin could justifiably grow to around $60,000.

Given that the adoption of Bitcoin as a store of value and a medium of exchange within the global finance market is increasing exponentially, $60,000 remains a viable mid-term price target even for conservative investors. Only time will tell when/if this prediction is reached, though.


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Glossary of Terms for Trading Platforms

Terms Description 
Platform Fee Some trading platforms charge traders a fee to use the platform and access its tools. This may be a monthly or annual subscription fee. 
Cost per trade Cost per trade is commonly referred to as a base trade fee. This fee is charged to traders by brokers every time a trade is placed. Some brokers offer their traders discounts or charge a lower cost per trade for voluminous trades.
Margin A margin is the amount needed in an account to maintain a trade with leverage. 
Social trading Social trading refers to the interaction and exchange of trade ideas, signals and trade settings between the different classes of traders.
Copy Trading Copy Trading is commonly referred to as mirror trading and is a form of online trading that involves copying successful trading strategies/settings from other traders. It is commonly used by new, inexperienced traders and assists these traders in gaining experience. 
Financial instruments A financial instrument is basically proof of ownership or financial commodities of monetary contracts between two people, or parties. Within the money market, financial instruments are basically shares, stocks, bonds, Forex and crypto CFDs and other contractual obligations between different parties.
Index An index tracks and measures the performance of financial instruments on the financial market. 
Commodities Commodities commonly refer to raw materials that are used in the production of agricultural goods. Some of the common commodities on the financial market is oil, gas, corn, coffee and precious metals. 
Exchange-Traded Funds (ETFs) An ETF refers to funds that can be traded on exchange. The fund is a basket containing multiple securities such as stocks. 
Contract for difference (CFD) CFDs refers to a form of contractual trading that involves speculating the performance of a specific trade on the market. This includes stocks, commodities and cryptocurrencies 
Minimum investment A minimum investment is the amount charged to activate live trade. A minimum investment is usually only charged once and is only required once a trader has registered and agreed to commence live trading. 
Daily trading limit A daily trading limit is a setting that can be activated on a trading platform to control the lowest and highest amount that a security is allowed to fluctuate, in one trading session, at the exchange where it’s traded.
Day Traders  Day traders only open and close trades during the day. Forex traders are usually referred to as day traders. 
Arbitrage Arbitrage refers to the simultaneous purchase and sale of an asset in order to make a profit from a difference in price. 
Broker Brokers are commonly individuals or a company that handles trading transactions on behalf of a trader. Brokers usually assist in making the trading process easier. 
Carrying Charge Commodities such as grains and metals, the cost of storage space, and financial charges incurred by holding a physical commodity.
Cash commodity  A physical commodity that someone is selling. Such as, gold or silver. 
Day order The purchase and sale of a futures or an options contract on the same day, thus ending the day with no established position in the market or being flat.
Deferred Month The more distant month(s) in which futures trading is taking place, as distinguished from the nearby (delivery) month.
Deliverable Grades The standard grades of commodities or instruments listed in the rules of the exchanges that must be met when delivering cash commodities against futures contracts. Grades are often accompanied by a schedule of discounts and premiums allowable for delivery of commodities of lesser or greater quality than the standard called for by the exchange.
Good till Canceled (GTC) An order worked by a broker until it can be filled or until canceled
Last trading day  The final day when trading may occur in a given futures or options contract month
Leverage Leverage refers to the ability to control large dollar amounts of a commodity with a comparatively small amount of capital.
Maintenance Margin A maintenance margin is the minimum value that you must keep in your account in order to continue to hold a position. The Maintenance Margin is typically less than the Initial Margin, and also differs by contract.
Margin Call A demand from a clearinghouse to a clearing member, or from a brokerage firm to a customer, to bring margin deposits up to a minimum level required to support the positions held.
Mark-To-Market (Marked-To-Market) A daily accounting entry that is the bedrock of regulated futures bookkeeping. It’s the end-of-day adjustment made to trading accounts to reflect profits and losses on existing positions. 
Pit The Pit refers to a specially constructed arena on a trading floor of some exchanges where trading in a futures contract is conducted.
Position A position refers to a market commitment. Usually a buyer of an initial futures contract is said to have a long position and a seller of an initial futures contract is said to have a short position.
Settlement Price This refers to the last price paid for a commodity on any trading day.
Spreading Spreading refers to the simultaneous buying and selling of two related markets with the expectation that a profit will be made when the position is offset. 
Spread  A spread refers to the price difference between two related markets or commodities.
Stop Order A stop order is commonly referred to as a stop loss order. It’s an order to buy or sell when the market reaches a specified point. A stop order to buy becomes a market order when the futures contract trades at or above the stop price.
Scalp Scalp refers to trading for small gains. Scalping normally involves establishing and liquidating a position quickly, usually within the same day, hour or even just a few minutes.
Open Order  An order to a broker that is good until it is canceled or executed.Other wise known as GTC.
Open Outcry A method of public auctioning for making verbal offers in trading pits.
Price Discovery Price discovery basically refers to information about future markets.It has been claimed that future markets is where original price discovery began. 
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