Bitcoin Income is a piece of trading software that is claimed to be able to automatically trade Bitcoins profitably.
What does the product offer?
According to the creator of Bitcoin Income users are put in the position of being able to trade bitcoins online on autopilot. The system is allegedly easy to use and is ideal for those who know nothing about Bitcoin.
How does the product work?
In terms of how Bitcoin Income actually works, there is very little information available. The only thing that you are told is that the software is automated and that it makes trades on your behalf. It is worth noting that in order to use Bitcoin Income you have to sign up with a certain broker, in this case GT Options.
What is the initial investment?
Bitcoin Income is technically free to get started with although it is worth noting that you would have to meet the minimum deposit requirements for GT Options. On top of this the creator of Bitcoin Income says that he gets 10% of your profits, so if you make money he does.
What is the rate of return?
Although not covered in any great deal the creator of Bitcoin Income claims that users can earn $74252 per day. This is contradicted by a later statement that you can earn between $10k and $20k per day.
Conclusion
Bitcoin Income is part of an on-going trend whereby binary options trading software is made available for free in return for signing up with a chosen broker, usually one that the creators deem as “reputable”. The difference with Bitcoin Income is that it claims to use bitcoins as the draw rather than binary options (although there is no facility to trade these on GT Options). The basis of the model seems to be that the referrer gains commission for referring users to the broker. There is very little evidence that the software ever works so despite being free I would steer clear of Bitcoin Income and products like it.
