Does Bitcoin Era work? Many users have already asked us this question. To be precise, it would be appropriate to say that we have been literally flooded with emails since this system is doing a lot of advertising – which we’ll see with what strategy – and that our site is a reference point for those who are just starting to invest online.
In response to those who wrote to us, we decided to write this guide responding to all doubts about Bitcoin Era. By reading it, you will also find valuable information about eToro, one of the most famous and secure investment platforms in the world, which is a recommended solution for beginners who want to start investing on Bitcoin without making mistakes and without cheating. We anticipate that, among other things, eToro also allows you to automatically copy all the transactions of the best investors in the world.
Is Bitcoin Era yet another scam?
Bitcoin Era is one of many systems that promise easy money through Bitcoin trading. Whenever we are faced with such a situation, to be honest, we have many doubts. We know that there is no such thing as easy money in online trading.
However, we decided to make an effort and document ourselves so that we can offer our readers a guide that is as in-depth as possible. We have therefore started by analyzing the reviews of the people who actually used this system.
We didn’t like what we found at all. In fact, we can say that it really upset us! With Bitcoin Era, not only do you not earn anything, you will also lose what you initially invested. Recovering these sums is impossible. Behind such organizations there are in fact extremely skilled hackers who, once they received the money, transfer it to offshore accounts in countries where European magistrates have no power.
Avoid these deceptive software
For this reason, the only defense against these situations is to not subscribe to portals like Bitcoin Era. As we’ve seen, depositing is extremely dangerous. Signing up and leaving your data is also not great. Stop for a second and think: would you like your email or phone number end up in the hands of unknown hackers? Definitely not! In light of this, it’s highly recommended to avoid these systems in every sense.
As already mentioned, the mere fact that they promise easy money should make you think. Making money with Bitcoin is possible but not from one day to the next without undergoing a bit of training. If you’re looking for a way to manage this, in the next paragraphs we’ll present just the basic concepts you need to know to invest in Bitcoin in an effective and secure way.
How to really make money with Bitcoin
To really earn money with Bitcoin, you need to forget about any method that promises easy earnings. There are easy to use tools (even for beginners) that guarantee you can make a profit whenever the price of Bitcoin moves.
Many people think that you can only earn money with Bitcoin when its price increases: it’s fake! The best investment platforms, in fact, allow you to both buy Bitcoin to make money with the price increase and sell it short to make money when the price goes down. Short selling is a purely speculative operation that serves to make money in case of a fall in the price of Bitcoin (or any other financial security).
This possibility (which is unfortunately ignored by many beginners) is really fundamental: just think that the value of the Bitcoin, which skyrocketed during 2017 then fell a lot in 2018 (there are those who started to cry that Bitcoin is ending). It was a matter of unnecessary alarmism, since the price went up again in 2019. But smart investors also gained in 2017, speculating on the price loss!
The importance of regulated brokers
To seriously invest on Bitcoin you must use the services of investment platforms (brokers) that are legal. Only legal brokers are really safe and reliable.
Systems like Bitcoin Era have nothing legal and, as mentioned earlier, they are the antechamber of a real economic drama for many people. Warning: when you talk about investing in Bitcoin on serious and legal brokers does not mean opening an account today and buyinga a villa tomorrow!
These platforms do not guarantee profit-making trading at all. What they guarantee to users is the maximum protection of their money with deposits held in ad hoc accounts and the presence of very strict international rules that must be met in order to be able to trade online.
In this guide, we have decided to go deeper into the first one of the list, eToro (click here to visit the site). Following us in the next few lines, you will discover why it is worth considering it for your Bitcoin investment as an alternative to Bitcoin Era.
eToro: why it is a great alternative to Bitcoin Era
When talking about eToro (click here to activate an account) you are primarily a legal broker. Having been online since 2007, it has a CySEC license and authorization to operate by Consob. These are two basic details. When these are missing, as in the case of Bitcoin Era or other fraudulent systems such as Bitcoin Profit, you should click on the cross at the top right and close everything.
The advantages of eToro go far beyond legality. This broker allows you to invest in Bitcoin even if you start (almost) from scratch. How does it do this? Thanks to the innovative mechanism of Copy Trading. With this patented technology, you can copy what has already been done by successful investors, so-called gurus.
The Social Network of Investments
The ability to copy automatically is absolutely free of charge and starts with the possibility of reading information about another traders’ strategy via bulletin boards. The latter, which are also free, are very similar to those of the social network Facebook. For this reason, etoro is often referred to as the social network of investments.
When you decide to use it for your investments in Bitcoin, you should be aware that it is not a money machine. To invest successfully in eToro, you have to consider several tricks. First of all, you should diversify. This means following at least 6 to 7 gurus and avoid “sticking” to the strategy of a single investor even if he or she is very good.
Useful tips for good copy trading
Another piece of advice we will never tire of giving is performance monitoring. Gurus should be watched over time and you need to be ready to remove some traders from the list. At this point, one wonders what one should do to find the best gurus who have invested in Bitcoin.
The fundamental reference point in this case is an internal search engine. Being extremely efficient, it allows you to select the investors of your interest based on several criteria. The main function is the asset. eToro users can also search for gurus on the basis of their country of origin, risk profile and, above all, the number of people who follow them, which is an essential criterion for understanding whether an investor is successful.
eToro’s free demo account
All this is also manageable through the demo account. Thanks to this tool, you can practice with virtual money, i.e. you can practice without risking capital. After a few hours, you should open your demo account. To activate it, you need to make a deposit of 200 euros. As already mentioned, there is only to be reassured about the management of this money. The broker, in fact, keeps them in ad hoc accounts. In this way, should there be problems with the platform, the sums of the members would not be damaged.
It is essential to remember that the deposit is not a payment. It is a full amount owned by the trader, who can choose how to invest it in the markets.Click here to subscribe to eToro for free.
Bitcoin was… and not only…
During the course of our investigation, we realized that we have already seen the contents of Bitcoin Era’s site. The system in question is nothing more than a replication of others. The homepage, in fact, is equal in all respects to that of Bitcoin Evolution, Bitcoin Profit, Profit Formula, Bitcoin Trader.
The mechanism is also the same. The hackers behind everything promise stratospheric gains against a small initial investment. That is to say: for those experiencing financial difficulty – a case that affects virtually all users who fall into these traps – even a few hundred euros can make a difference.
Unfortunately, when you have serious problems from a financial point of view and you have little knowledge of the world of online investment, you may be fooled by those who promise easy wealth. The story is always the same: users deposit and see the money disappear.
The operation behind this Software
As soon as they become aware of this situation, they are contacted by a member of the site staff, almost always a young lady with an Eastern European accent. The latter reassures them that the reason for the disappearance of the money is a technical problem. How to solve it? With another deposit.
Some people, before realizing that something was wrong, deposited even 3 or 4 times. There are those who literally ruined themselves for this reason, finding themselves in a worse situation than they were in before trying Bitcoin Era.
As we recalled at the beginning of the drive, the promoters of Bitcoin Era are doing a lot of massive publicity. To attract the most naive users, they have leveraged a name like that of the entrepreneur from Belluno. His economic fortune has absolutely nothing to do with Bitcoin Era. In fact, it’s very likely that his lawyers will file a regular complaint as soon as they become aware of it.
We’ve just seen that Bitcoin Era not only doesn’t work, it also makes you lose all the money you initially invested. These sums end up in a real financial black hole, where it is impossible to recover them. Behind the situations of those who fell into this trap are dramatic stories to say the least.
When we read the reviews on Bitcoin Era from those who tried to use this system, we were deeply impressed. The reviews are in total desperation. To prevent more people from falling into the clutches of these hackers, we prepared this guide.
We reiterate once again that the best way to defend yourself against these scams is not to consider systems like Bitcoin Era (and its clones). When you invest online there are no fairy tales: you have to keep your feet on the ground and remember that all the results have commitment and yes, even mistakes.
Thanks to brokers like eToro (click here to sign up), you can invest in Bitcoin safely, without the risk of fraud and with a platform that makes things clear, specifying from the outset that online trading can be risky.
As already mentioned, eToro also has the immense advantage of Copy Trading, a mechanism that allows you to model the results of those who, given in hand, obtained results by investing in Bitcoin.
Now that you’ve reached the end of the guide, we really hope we’ve been of help. If you want, you can also share this article with your social contacts on Facebook and beyond. You will allow many other people interested in investing in the queen of cryptocurrency to save themselves from the danger of Bitcoin Era.