The Biggest Deal In Dragons’ Den History, That Can Make YOU Rich In Just 7 Days! (Seriously)
Now I find this very interesting indeed, applicable no doubt to the other cryptocurrencies - how will this impact on crypto values when one knows that there is an algortithm out there guaranteed to make you rich? Need to think this one through folks, could be fundamental to how these cryptos are traded in future, and of course can sign up myself to use the algorithm!
< Appearing on BBC Two’s hit show, Dragons’ Den, two best friends from university pitched their idea for an automated bitcoin trading platform, called Bitcoin Trader. The idea was simple: allow the average person the opportunity to cash in on the bitcoin boom. Even if they have absolutely no investing or technology experience.
A user would simply make an initial deposit into the platform, usually of £250 or more, purchase a position in Bitcoin, and the automated trading algorithm would go to work.
The entrepreneurs intend to make money from their platform by charging a small commission on only the profits a user generates. They asked the Dragons for £200,000 for 25% of the company, valuing the company at £800,000.
To demonstrate the power of their company’s platform the entrepreneurs had Deborah Meaden deposit £250 live on the show.
“I’ve heard about Bitcoin and the massive amount of money you can make from it, but I’ve never bought any. I no idea where to start. This was really easy, I can just use my credit card to deposit money and it buys them for me.” Deborah said.
After her initial deposit of £250 was made, the trading platform went to work buying low and selling high. Within 3 minutes, she had successfully increased her initial funds to £323.18. That’s a £73.18 profit.
All the Dragons were immediately impressed by how easy it was to make money. The platform handles all the trading work automatically and because the price of Bitcoin is quite volatile, there are numerous opportunities to profit.
“Bitcoin is so hot right now and if even somebody like Deborah, no offence Deborah, can make money from it, I’m all in. I need to have a piece of this. I’m going to make a huge offer, £2 million for 25% of the company.” Peter Jones said.
Before the entrepreneurs even had a chance to respond to Jones’s offer, Deborah Meaden interrupted and said with a smile on her face: “I’ve gone up to £398.42 after just 8 minutes”.
Although at this point all 5 Dragons were ready to invested, a bidding war quickly emerged between Touker Suleyman and Peter Jones. Suleyman improved on Jones’ offer, by £2.5 million for 25%, whereas Jones hit back with a revised valuation of £2.5 million for 20%, effectively valuing the company at £12.5 million.
After some minor back-and-forth discussion, the entrepreneurs quickly accepted, making this the biggest deal in the history of Dragons’ Den.
We decided to put Bitcoin Trader to the test, to see if it was really possible for you to make money using the platform.
We quickly discovered that the platform charges a commission of 2% on profits a user generates and you need to make a minimum deposit of £250 to get started. That money will be your initial investment, which the trading software uses to trade.
Also, we learnt that Bitcoin Trader makes money by buying when the price goes up AND when the price goes down. This is know as short-selling and the platform handles it for you automatically.
I decided to sign up for an account with Bitcoin Trader, I made the initial deposit £250 and set my account to active.
MY RESULTS WITH BITCOIN TRADER AFTER 7 DAYS
On the show, Deborah was able to make £73.18 in profit after 3 minutes, for me, it took much longer. The platform took 20 hours to generate a £80.19 profit, which still impressed me alot! I’ve never puchased Bitcoin before and never made a trade in my life, yet here I was able to generate profits.
I spent about 5 minutes a day checking my results and after 5 days, the platform had traded up to a massive total of £630. That is a 252% increase in my initial deposit. I was starting to become a true believer in this platform.
After 7 Days my initial investment had traded up to £1,930. At this point, my mind was racing with possibilities of all the things I could spend that money on. This is more money than I made at work for the week and I spent less than 30 minutes checking the platform.>