In the grand scheme of things, cryptocurrencies as a whole are relatively new, but they’re an attractive and potentially lucrative option for those who are comfortable with some risk. Cryptocurrency trading also opens up the trade world to the average person–with the development of trading robots, even those who know little to nothing about currency trading can get involved.
Cryptocurrency trading also has a track record of being very lucrative for some. People who invested early in bitcoin saw profits soar, and many cryptocurrency investors are constantly looking for the next big thing in cryptocurrency.
That next big thing may well be the Libra Profit System, a trading robot that has the potential to take a lot of the guesswork out of cryptocurrency investing. It’s designed to invest in Facebook’s new cryptocurrency known as “Libra.” Early reviews are promising, but it’s a good idea to take a closer look at the Libra Profit System before you decide to invest.
What is the Libra Profit System?
The technology behind the Libra Profit System is a fascinating glimpse into the rapidly advancing field of machine learning. While it’s often simply called a “trade robot,” the Libra Profit System works to analyze news from legitimate sources in order to make educated trade decisions for you.
Of course, if you’re experienced in cryptocurrency trading, you might argue that you can simply read trading news yourself. However, this robot’s sophisticated algorithm lets it select only legitimate news sources and read them faster than any human could–its developers claim that this bot can analyze thousands of distinct news sources in a fraction of a second. Essentially, the Libra Profit System is designed to quickly identify market trends and make timely trades in order to earn you money. And while this robot can read faster than a human, it can also trade faster–the Libra Profit System can make up to 10 trades per minute.
Anyone with any experience in cryptocurrency trading knows that timing is everything. And when you have a bot that’s designed to read and predict market trends on your side, you have a better chance of making the right trade at the right time.
This trading robot is designed to work with Facebook’s new (and as of yet, unreleased) Libra currency, and it has the advantage of being accessible even to those who know nothing about cryptocurrency or how to trade it. If you’re an experienced trader, the Libra Profit System helps you make lucrative trades at just the right time, processing news and market trends faster than any human ever could. And if you’re new to cryptocurrency, you can simply set the bot on autopilot and let it make potentially profitable trade decisions for you.
The Libra Profit System does have the potential to earn you plenty of cash–some brokers that the bot operates under have a leverage of up to 1:1000. Before we continue, it’s very important to note that trading robots that offer great monetary gains also have the potential to generate considerable losses. Trading can be an enjoyable hobby or a way to generate extra money, but make sure you don’t invest more than you’re willing to lose.
If you pay a visit to the Libra Profit System’s website, one of the first things you’ll notice is that the color scheme is very similar to that of Facebook. The app’s homepage tells potential investors they can earn $950 to $2200 per day using the app.
The homepage also offers testimonials from prominent people–including Bill Gates–who have invested in cryptocurrencies. It also includes positive user testimonials from new traders and those with experience alike.
It also points out that the Libra cryptocurrency is “backed by the largest social media platform on earth.” This is a wise thing to point out–early investors might be spooked by the newness of the currency, but the fact that it’s backed by a large, wealthy corporation may make more people willing to invest.
With a rapidly-changing screen, the Libra Profit System website may seem overwhelming, but it does offer a useful introduction to the Libra currency and cryptocurrencies in general.
Of course, when evaluating a potential trading robot, you probably don’t want to go off the developer’s claims alone. In the next section, we’ll give you a primer on how the bot works and how it’s connected to the Libra cryptocurrency.
How Does It Work?
The cryptocurrency market is inherently volatile, and that volatility only increases when a new currency is introduced. Libra hasn’t even been released yet (the cryptocurrency is scheduled to hit the market sometime in 2020), but it’s already affected the trading rates of other forms of cryptocurrency. The Libra Profit System was designed to be a bot that could generate profit from market volatility, and much of that volatility has been caused by the Libra cryptocurrency’s upcoming release.
For instance, take Bitcoin, which is probably the world’s best-known cryptocurrency. When Facebook announced Libra, it made more people look favorably on Bitcoin, and the price of Bitcoin went up by a whopping 50 percent. On the other hand, any widespread criticism of Libra or other forms of cryptocurrency usually results in prices going down quite a bit. This is a continuous cycle, and the volatility of the market presents earning opportunities for those who know how to analyze and predict trends.
Of course, during market downturns, many investors find it difficult or impossible to turn a profit. If the creators of Libra can be believed, you don’t need to worry about significant market downturns. By using short selling strategies, the Libra Profit System is equipped to earn money whether the market is rising, falling, or stagnant.
Of course, the Libra Profit System was also designed to raise awareness of, and interest in, Facebook’s upcoming Libra cryptocurrency. If you invest early using the Libra Profit System, Facebook promises exclusive access to a private sale of Libra currency once it launches. This private sale will happen before Libra is released to the general public, so you’ll be offered an exclusive early investment opportunity.
Facebook hasn’t released the date of this private sale, but releasing the Libra Profit System before the cryptocurrency itself was likely a strategic move–if you end up earning money with the trading robot, you’ll likely have more money to invest in the private Libra sale when it’s announced. After all, the platform seems to be marketed to people who are new to trading and who may be short on cash. Allowing investment before Libra’s release means that more people will be equipped to purchase this new cryptocurrency.
In a way, the Libra Profit System and the Libra cryptocurrency each contribute to the other’s success. The Libra Profit System is designed to profit off of the market volatility caused by the upcoming launch of the cryptocurrency, and early investment in the system may earn you enough to purchase the cryptocurrency once it launches.
That all sounds promising, but it brings us to our next question: should you invest?
Is It Worth Investing?
The Libra Profit System presents an unusual investment opportunity. However, just as the launch of any cryptocurrency inspires some anxiety, some potential investors are on the fence about investing in the Libra Profit System. Maybe you’re one of them. Below are some of the advantages of early investment in this unique system.
Get in on the ground floor
Just as early Bitcoin investors were able to make a considerable profit, investing early in the Libra Profit System (and the cryptocurrency itself) may lead to significant profit. This is largely because Libra Profit System investors have been promised an invite to a private, initial sale of Libra.
Of course, there’s no guarantee that an investment will be successful. But if a given cryptocurrency takes off, those who invested early often see the greatest return on their investment. Again, investing is a risk, so if you do invest, make sure you aren’t investing money that you can’t afford to lose. By requiring a comparatively small initial investment, the developers of Libra have made it more accessible to average people looking to get into trading.
Take the guesswork out of trading
One of the major points in the Libra Profit System’s favor is that it allows even those who know nothing about trading or cryptocurrency to get involved. The app works best when live trading during US trading sessions and users can activate this with the push of a button. If you’re knowledgeable about trading in cryptocurrencies, you have the option to set your risk per trade and adjust other parameters. You don’t have to do this, though–you can simply activate the bot and go on about your life. In fact, most people new to trading are advised to just keep the bot at its default setting.
Great profitability reviews
One of the main things stopping ordinary people from investing in newer cryptocurrencies or trading robots is uncertainty. When a given trade robot hasn’t been out for long, it doesn’t have an established track record. However, initial reviews of the Libra Profit System look promising–it only takes a quick scan of customer reviews to realize that most people have turned a profit, even with a relatively small initial investment.
In advertisements for the bot, the makers of the Libra Profit System state that there is an 88 percent claimed win rate, meaning there’s a decent chance you’ll see a profit after investing.
If you’re familiar with other trading robots, you might want to know how the Libra Profit System stacks up. According to its developers, the Libra Profit System is about as profitable as the more established trading robot Cryptosoft.
Access to your money anytime
Those unfamiliar with cryptocurrency trading may be unsure of how to access their money if they do end up turning a profit. However, the Libra Profit System makes it fast and easy. You can access your money and make a withdrawal anytime–you simply need to fill out an online form.
From there, you’ll usually receive your money within 24 hours. The system doesn’t place a limit on withdrawals and it doesn’t appear to charge any fees, making it easy to cash out anytime you want.
Helpful customer service
If you’re new to the world of trading robots and cryptocurrencies, you may find yourself feeling lost or confused at some point. Libra Profit System is prepared to help new and experienced traders with their 24/7 customer service. Their customer service representatives are also very easy to reach–you can use e-mail, phone, or web chat to ask for help.
Because many people are left to their own devices when figuring out cryptocurrency trading, the great customer service means that the Libra Profit System may be a great place for aspiring cryptocurrency traders to start. The customer support team is knowledgeable about Libra and other cryptocurrencies, making it easier than ever to get involved in trading.
It accepts credit cards and Sofort
Initial investment might be confusing for new traders, but the Libra Profit System accepts credit and debit cards as well as the online payment system Sofort. This makes it easy to get started, even if you’ve never dealt with cryptocurrency in your life.
No trading robot is a sure way to make money, and time will tell if the LIbra Profit System ultimately generates all the profit it says it can. In the meantime, though, there’s a lot of upside to investing early, and we think this is an opportunity worth investigating.
Safe, secure website
Security is a concern anytime you get involved in trading, especially when it comes to cryptocurrencies. If a trade robot is easily hackable, that opens up users to potential loss of investment and leaking of private information. Independent, third-party investigations have found that both the Libra Profit System website and its trading bot are safe and secure.
How Do You Start?
We’ve mentioned that getting started with the Libra Profit System is easy, but no review would be complete without a rundown of how to get started. If you do decide to invest, here’s how to get started using the system:
Creating an account
This is a straightforward step–it’s just like creating an account for just about any other site. However, in order to make sure you’re who you say you are, you’ll need to verify both your e-mail address and your phone number.
As a side note, making a strong password is one of the most important considerations when setting up an account. Most “hacking” attempts are just people guessing simple passwords. If someone can gain access to your Libra Profit System account, it means they can also access your money.
Make your initial deposit
Once your account is established, the site will prompt you to make an initial deposit. This is required to be at least $250. While you can deposit more, most experts recommend starting with $250 and going from there. If you end up earning more money, you can always invest your profits and grow the amount of capital you have to trade. As mentioned earlier, you can make this initial deposit via Sofort or by using a credit or debit card.
This is the easiest step of all–you simply need to click the “Live” button to get the robot started trading for you. If you’re experienced in trading, you may want to adjust risk settings from the bot’s default settings. However, for inexperienced traders, it’s usually a good idea to leave the settings at their default.
You don’t need any trading expertise to use the bot. However, if you want to learn more about cryptocurrency trading, it can’t hurt to research it. If you’re confident enough in your knowledge, you can adjust the trade robot’s settings yourself.
The Final Verdict
Our investigation of the Libra Profit System indicates that this is a legitimate trade robot that has the potential to be very profitable. And while there are some negative reviews floating around on the internet, most users seem to be of the opinion that it’s a profitable system and a wise investment.
Of course, the app creators’ statement of potential profitability is likely exaggerated–most people probably won’t be making thousands per day. But if you’re comfortable with some risk, it looks like the Libra Profit System might be a good way to get in on the ground floor of a new cryptocurrency.
Of course, users will need to trust the developers’ description of the bot’s algorithm–for instance, it’s impossible to verify that the app can read multiple news sources in under a second. But if the Libra Profit System is even half as good as developers claim it is, it may well be an easy way for even the newest of investors to bring in some extra cash and get involved in the booming world of cryptocurrency trading.
Overall Rating: 8/10
Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on CoinRevolution and across the web.