Disclosure.....I bought tokens from Bmybit to test the site, and I linked my Bittrex and Poloniex accounts to Bmybit as a quick exercise to see the results first hand. If you import your API keys to use this trading system, do not allow withdrawal function, then all the site can do is trade on your instructions.
I'm no professional trader, this is more of a part time hobby. Anyway this is a quick intro to the Bmybit site and it's functions.
I'm not linked with Mario the developer, he has his own promotions and videos to help you get started, I bought some tokens, paid for one months trading strategies, and here are some of the results from the last few days.
The website has a leaderboard for added competition, if you need that added element to it! I don't, I more interested in not losing money!
So over the last few days I've made some trades and left it running, trades are made on my behalf after I set the parameters for the trades to use. I also set the amount of money to trade and the risk I'm prepared to take. I decide which coins to trade and how much profit to take. I can also terminate any of the trades at any time.
Mostly my trading strategy has been to buy and hold for as long as possible, however I wanted to see how easy it is to make extra money from the volatility in the coins I hold.
You can see my open and closed positions here, and the percentage rise or fall in profits. I've done pretty well for a beginner I think but it is absolutely down to luck and nothing else. I like the site, I like the fact that they are using the ICO to improve and develop an already working product. And I like the fact that it works.!
You can see from the screen shot how my trades have done, and how much I've traded, I have not used large amounts as I wanted to test the system, only gamble what you can afford to lose!!!
They will be adding other exchanges to the site soon but at the moment its Bittrex/Poloniex and GDax.
And even though I'm not interested in the leader board, I'm up into 8th place today..... And I have some more test trades to run..
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Is anyone getting good profits?
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Honestly? Yes I'm getting profits......however as with most things these days.....If I'd kept the 1BTC I put into the ICO I would have made considerably more money by doing nothing! I'm trading small amounts but yes, % profits easy to make on here. Arbitrage works as well.
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