Bitcoin Digital Review – Is it a scam or legit?

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

is bitcoin digital a scam - Bitcoin Digital Review - Is it a scam or legit?
There are hundreds of bitcoin reviews on the internet. This cryptocurrency is growing in popularity across the world, gaining the attention of critics and potential investors. The one concern every new investor has, is whether they can yield sustainable profits, with little to no experience on the cryptocurrency market. There is a simple solution to this.

Bitcoin Digital has been reported to assist new investors with trading on the cryptocurrency market. The Bitcoin Digital technological system claims to help ordinary people enter the cryptocurrency market, through an advanced bitcoin trading system that is easy to use. There have been reviews, claiming that this technology has earned traders thousands per day through its proprietary software, which places bitcoin trades with an alleged 90% accuracy.

We decided to investigate these claims and find out whether the reports online are true or false.

Bitcoin Digital


What is Cryptocurrency?

Cryptocurrency is basically a digital or virtual currency that is secured by cryptography. Cryptography makes it impossible to counterfeit or double spend. Cryptocurrency can be used for payment that can be exchanged for goods and services. It is completely decentralized, which means that there is no central authority governing the cryptocurrency market. Instead, cryptocurrency uses blockchain technology, which is a decentralized technology spread across computers that manages record transactions. There are more than 2 200 different cryptocurrencies that are traded publicly. Bitcoin happens to be the most popular cryptocurrency on the market and has held its position for the past few years.


What is Bitcoin Digital?

Bitcoin Digital is an advanced crypto trading technology that assists users to perform trades on the cryptocurrency market. This technology relies on signals emitted from the cryptocurrency market to perform trades on the users behalf. It is also said to give users a competitive advantage against other traders by predicting market trends before they happen.

The Bitcoin Digital technology uses an intelligent algorithm to predict the outcome of market trends in record time. The cryptocurrency market is volatile and changes occur on a daily basis, therefore tools like Bitcoin Digital are essential for every day users and new starters. It has been reported that Bitcoin Digital is able to perform trades faster than its competitors, thus having a higher success rate.


Is Bitcoin Digital Legit?

There are many testimonials online of users who are making huge profits on a daily basis, using the Bitcoin Digital technology and other similar trading tools. The truth is that many of these testimonials are only published with the intent of advertising or promoting this kind of technology.

We cannot deny that there are hundreds, if not, thousands of people, claiming to make huge sums of money from bitcoin. Many people have even claimed that they have gained financial freedom and secured a secondary income, by trading Bitcoin. Bitcoin digital is only a tool, by which to execute your bitcoin trades. It takes little to no manual input and the algorithm gives every user the advantage to trade on the cryptocurrency market with little to know formal training or prior trading experience.


How Does Bitcoin Digital Work?

The Bitcoin Digital technology is a free software that has been integrated with regulated brokerage firms. The algorithm emits signals that are shared with brokers, assisting them to make the best decision regarding your trade. This ensures a higher success rate of trades executed. There have been reports that Bitcoin Digital is being offered by selected brokers as an additional trading tool. Setting up a Bitcoin Digital account is quick and easy and should take no longer than 20 minutes. Once your account is up and running, a broker will assist you in customising your settings and turning on the Bitcoin Digital technology. Once you get comfortable on the platform you should be able to go live and start trading.


How to Open an Account with Bitcoin Digital

To start trading on Bitcoin Digital you need to register and complete all the steps to successfully setup your account.

Registration

The first step in opening your new account is registering on the official Bitcoin Digital website. Once users land on the website, they will be required to fill in basic information and gain access to your trading dashboard. Once you have successfully signed up, you will be assigned a broker. This means that you will be able to operate your Bitcoin Digital account with an elected broker. Registering should take 5-10 minutes.

Official Bitcoin Digital Registration

Bitcoin digital 300x70 - Bitcoin Digital Review - Is it a scam or legit?

4.7

Our rating

Register for your Bitcoin Digital account through 7bitcoins and receive a FREE Personal Account Manager to walk you through your account setup process.

Deposit

To begin trading, you will be required to make a minimum deposit of €250 USD. Please note that this is not the cost to use the Bitcoin Digital technology, it is the cost involved with placing trades with the broker. You will also be able to use your initial minimum deposit as an initial investment. There are a variety of payment methods available. We suggest using a credit or debit card.

Live Trading

After paying your initial deposit, you should be ready to start live trading. The next step requires configuring your settings. Your broker will assist you on the recommended settings for your account.


Key Features of Bitcoin Digital

  • Regulated Brokers: Most brokers are regulated and licensed by a financial entity. Your broker is there to assist you to be successful.
  • Verification System: the verification process is seamless. All you need to do is fill in all of your required information during your registration.
  • Withdrawal and deposits: with Bitcoin Digital withdrawals and deposits are fairly easy. Funds should reflect in your account as soon as possible and you can then begin live trading. The same applies to withdrawing funds.
  • Dedicated customer support: Bitcoin Digital has amazing customer support and live chat 24 hours.

Can You Make Money Trading With Bitcoin Digital?

There are many testimonials that have claimed that Bitcoin Digital is an amazing tool that has assisted very well in making profitable trades. However, we do suggest taking the time to do the necessary research and reading up as much as possible on the Bitcoin Digital technology before opening an account.

Here are some of our suggestions to make the most of your trading experience:

  1. Start small– stick to your initial deposit of €250 USD. This is more than enough for your brokers to work with.
  2. Withdraw your funds– once you make a profit, we suggest that you withdraw your funds immediately.
  3. Follow advice: there are many tutorials online that you can look at for more information and to give you an idea what trading is like using the Bitcoin Digital tool is about.

Bitcoin Digital


Conclusion

There may be a long list of reasons why you would like to grow your passive income. Perhaps you are aspiring to pay off a student loan, plan your dream holiday or go for that car you’ve always wanted to own. Whatever your reasons, you may find that Bitcoin Digital is an effective tool to use to trade in the cryptocurrency market. We recommend that any new user should not enter the cryptocurrency market without doing research on the technology they’re using. Bitcoin Digital is simply a tool to help you trade.


FAQ

  • Can Bitcoin Digital be used by anyone?

Yes, it is designed to be used by traders at all skill levels. There is even a Demo to learn trading before trading with real money.

  • Is the Bitcoin Digital 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 Bitcoin Digital?

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

  • How much can be earned with Bitcoin Digital?

The earning potentials are limitless because the market trends change.

  • Are funds secure on Bitcoin Digital?

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


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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Disclaimer: All content found on 7bitcoins.com is only for informational purposes and should not be considered as financial advice. Do your own research before making any investment. Use information at your own risk.