My adventure in BitcoinGrowthBot continues

Foreword: the content of the following post is not intended as an invitation to investment, but an invitation to a more in-depth study of cryptocurrencies and projects related to them.

Bitcoin is the king of the entire cryptomarket "deservedly" but obtaining even only one to date is very expensive and therefore usually is played through the altcoins hoping for an appreciation of these against him so as to rake as many SAT as possible thanks to a good trade. Unfortunately, it often stumbles into dead projects, scams, false signals etc ... but this does not mean that even outside the main window (Coinmarketcap), you can not find a real pearl that can make the difference. Mainly I prefer to study the fundamentals of a project even before it has gained visibility so as to ensure better market entry. This requires a lot of study and research of active subjects but in the end it repays abundantly and sometimes it can even exceed expectations.
A few days ago, I talked about BitcoinGrowthBot in a vague way, today I hope to be able to describe in more detail the fatures so I can start talking about my adventure in the project with the posts that will follow. In case you missed the introductory post about it, you can read it at the following link:https://steemit.com/bitcoincriptocurrency/@criptolover/finally-profiting-in-crypto-and-it-feels-good

The aspects that will be analyzed below are the security, sustainability, operation, target and to finish the strategy that I believe could be adopted mitigating the intrinsic risk exposure of any investment (forex or crypto) with the benefits of the platform.

SECURITY:

Of fundamental importance is security, even having only $ 10 inside a safe is without a doubt better than having $ 10k on the window sill. In the case of BitcoinGrowthBot, this is guaranteed mainly by the use of Blockchain Waves, one of the few BC that has today given a sign of high security supporting the various hacking attempts thanks to a timely intervention of its developers. The choice of a decentralized platform for the creation of a token together with the absence of an internal "proprietary" exchange, was the way in which the development team wanted to give a sign of transparency by binding their hands on the possibility of manipulating the price or the accounts of the various users. Remember cases where it was impossible to withdraw token for a withdrawal block, a block on the account or simply the disappearance of the site itself? Well of these cases we count different and continuation but in our circumstance it is "Impossible". Impossible because during registration, a wallet waves is provided to the individual user, but this is also given the seed, which will allow the user to import the wallet in question, directly on the DEX platform of waves. This way you will always be the only owners of NCL tokens. The BitcoinGrowthBot platform (henceforth I will shorten it in BGB), also offers the possibility of using authentication in two factors (2fa), which is strongly recommended and in addition to that, they are studying ways to implement others. To this is added a KYC verification process that is carried out with manual control so as to avoid any attempts of external fraud and even in the case of an attempt to access with ip different from the standard user, preliminary blocks can be made so as to prevent any access attempt other than that of the owner. In this case, you will have to contact directly the team that will promptly carry out the verification of the case. it is a good idea to remember, however, that no security is ever as strong as the precautionary measures used by the user. Complex passwords and use a dedicated PC with a good antivirus where to visit only secure sites is a good rule that already performs most of the work. Always keep in mind this simple rule in any investment case!
I close the security section by linking up with Waves based on some thoughts collected by users. Many have turned their noses thinking about the fact that creating a token waves has a ridiculous cost compared to an erc20 token but this to today, is the only method to take advantage of the benefits of the BC Waves that in addition to being safe also has a speed staggering. My consideration in this regard is that if a person has malicious intent and wants to create a millionaire scam, little care is taken of the BC on which to start it. What makes the difference is something else and this is why my invitation will always be to study any project before investing.

SUSTAINABILITY:

Before talking about sustainability, I think it is necessary to make a brief excursus on the supply and its distribution. The total remaining tokens are 19.070.208, a large part was destroyed as a result of the voluntary interruption of the ICO in whose phase, about 4,000,000 tokens were distributed to users. The remaining just over 15,000,000 have been divided into equal parts mainly in two wallets, one owned exclusively by the CEO and one available to the platform for the payment of the rewards inherent to the stacking, future marketing initiatives, challenges and anything else may be necessary for the program. Every move from these two wallets, is communicated beforehand and in this regard, I report the challenge launched by the CEO; Jordan Lindsey (CEO) will not sell any of his tokens if they will not have such an appreciation to reach the $ 50 threshold per single unit and to that, he also added that in December 2018 he will burn an additional 2,530,000 tokens in his wallet without sell more than 100k a year. With this bet he wanted to demonstrate that he aims to show that it is a long-term project and placing his person among the first to benefit from an appreciation of the NCL token, in essence he anticipated what is the concept that will be subsequently launched that it is DAICO's. From the circulating supply of only 4 mln of token that grows slowly thanks to the staking, one can well understand how it will remain low in the years to come and you could also think of the intrusion of speculators that could play with the price of money but to these people should be warned. The community is very aware of the potential of the project and will hardly lend itself to games of any kind, including p & d, the low volumes recorded so far are the testimony.
From here a very demanding challenge arises. Maintaining a project and the features promised with such a low supply and an ICO interrupted voluntarily to testify to the correctness of intent, has meant that the CEO has not accumulated a huge amount of money that allows for false steps, included marketing scope. It is no coincidence that you will not find world famous Youtubers who talk about the project, banner advertising everywhere or spam mails. The spirit of the BGB team is more substance-oriented than appearance and I think this is a very important thing. If someone thinks otherwise and I'm not saying that marketing is not important attention, well there was a coin until some time ago, where a guy almost started to fly screaming the name of that scam. In that case, then, beautiful girls and confetti abounded in quantity .... who knows what happened to the project or if someone remembers the name? I help you, memes and lawsuits initiated have become countless even if you let me, I will always wonder how they have made about a million people to stay scammed. Remember that if it seems as beautiful as it is impossible, it is prorpio because it is really impossible for that to happen! Returning to the subject, sustainability is another aspect that, together with security, is of fundamental importance and in the case of BGB, every action is tested before it is finally implemented and many of these are also voted by the community. In fact, another nice aspect of the thing, is the opening of the team to the ideas that are proposed by its community as the choice of a future exchange where it is waiting for listing or the implementation of a features such as the welcome bonus style Coinbase or even a challenge.
Time as always will be the impartial judge that many fear but in this case, step by step, with healthy growth, I think it is the last of the problems to be faced.

OPERATION:

The platform operates as a rental of MT4 bots that operates on forex. The algorithm was developed by the CEO and through the broker called myfxbook, the only one known at the time able to accept Bitcoin.
The pairs on which the bot operates are NZD / USD and NZD / CHF although there is the possibility of changing them based on the needs of the market. For example, in the past AUD / NZD were exchanged but the instability of the period forced to make a change. Naturally, if further needs arise, the currency pair could be changed again to maintain positive operation. The mechanism is quite simple ... you buy the NCL token (currently available only on Waves DEX platform) and you send the desired token part to the bot through the appropriate section. At the time of writing the article, for a question of sustainability, we can not send more than 2500 NCL and only in whole numbers (no decimals). This limit will be raised over time based on the token's trading volumes. When the NCL tokens are sent, a screenshot of its own functionality and the corresponding value in BTC is taken. In fact, at that precise moment, the token is exchanged at the market price for Bitcoin and sent to the bot which, at the end of the 28 prefixed days, will give the user the BTC payout with the% profit realized by the bot. The target payout is between 7% and 12% but, as requested by the community, this will already be available from 2% profit. In fact, the% can not be guaranteed under any circumstances even if there are cases that have exceeded even 15% of gain, as nothing in the world is guaranteed and often, it has come to gains slightly below 7% not thus allowing the payout and giving way to a new cycle of 28 days. In fact, to provide a positive return (cases of negative operations are also documented to the benefit of transparency), the possibility is given to automatically establish a new cycle of 28 days without having to redeem a token purchase. Basically, even if the trade were to fall below the expectations for the first cycle, it is automatically restarted, translating into a longer request and not a loss of money. To make a simple idea, let's take as an example an investor who sends 2000 NCL to the bot, the day when that amount corresponds to 1 BTC. At the end of the cycle, the user in question obtains a performance of 5% therefore, on the 28th day, a total of 1.05 BTC will reverberate on his wallet. In the event that this should be instead of 1%, the cycle would be restarted until reaching the minimum target of 2%. To ensure maximum flexibility, however, the possibility of "unconditional" exit is given. Basically, at any time you want to cancel the rental, you can do it without any problems whatsoever. In this case, however, to avoid attempts to bypass the system, a payout is made in NCL token and not in BTC and this is calculated on the basis of its value in $ (NCL) of that moment. To this must be added the performance of the bot that maybe forced you to give up the cycle due to the subdued performance. My advice is not to interrupt as we have seen remarkable recoveries within a few hours. For example, and here you could ask the community, a user was in negative for several days of about -9%! Within a few hours, the gap had been recovered and at the end of the cycle it was in gain of 4%, obtaining the payout. The error was born from the choice of the moment in which to start the operation. Being a single portfolios for the whole platform, the user started the operation with a very high "equity" and it was added that some negative trades already started had to be closed therefore meant a strong lowering of the equity with consequent negative% for the user. In fact, to make the most of the platform if you want to do it, my advice is to do it when the equity is already low. Its conservative peculiarity will ensure that this is recovered allowing a higher gain. The detail may seem difficult to understand but I can guarantee that having the platform in front of you will be very easy to understand.
I must specify that at the moment citizens residing in the US and Canada, can not benefit from the bot while operating with a lever to 200 but this is already an aspect under way so as to allow them to take advantage of the bot. At the heart of the program is added a feature for the benefit of users who will prefer to hold the bot and this is the staking. A% NCL token is paid to its holders on the basis of the tokens in their possession and on an annual basis. The% to keep in mind foresee these bands:

0-5000 NCL = 7%
5001 - 10.000 = 8%
10.001 - 25.000 = 9%
25.001 - 50.000 = 10%
50.001 and more = 11%

for example, to make a simple calculation take a 1000 token hold so the annual reward will be 7% which would correspond to 70 annual tokens that being paid daily would correspond to 0.19 ..
From here we can well understand the potential gain with an appreciation of the token, also counting that the% has its own composite interest therefore, the following day, the staking received will be greater than 0.19 .. and so on for all the following days.

Another important feature is a challenge called 1k to 1M which provides a bonus% based on the tokens purchased, In this case, however, the rules are very restrictive. The monthly purchases must be consecutive and respect the minimum target, in the absence of this requirement or if you skip the purchase even for a month, the challenge for the user will be interrupted irremediably. The% for the challenge purchase foresee the following targets:

100$-249$ = 2%
250$ - 499$ = 5%
500$ = 10%

The request for membership must be forwarded to the team and for better exploitation, I refer you to the following chapter concerning an operating strategy.

TARGET:

The target audience of the program is primarily that of users who operate on forex by dedicating themselves to automated trades. On forex, rent a bot means to pay even $ 1000 for a month so try, even in this case, considering that at the precise moment in which I write the cost of a token is about 3300 sat (0.25 $), you can guess 'high margin of growth that can have every single token, but the fact that it is a product dedicated to a precise standard of users, does not mean that you can not anticipate them by starting to benefit from them now. The beauty of the cryptocurrencies is that they are free (most of them) and that they do not discriminate in any way =)!

OPERATIONAL STRATEGY:

I dedicate the final chapter of this post to what in my opinion is the best approach to the platform. Given that the first thing will be absolute to save the seed and activate the f2a, to start you will have to proceed with the KYC so as to get the link to the welcome bonus, a bonus of $ 10 in token that will be given to ' friend who will accept your invitation after he has made the kyc himself and will have bought at least $ 100 in token. In this case, if there is a friendly relationship, nothing will prevent you from dividing tokens received in equal parts. Personally I omit my link as this post is not intended for advertising but educational if anyone wants to ask, I can do it privately looking for me on telegram nick @byterevo. Proceeded with step 1, the advice is to buy tokens through the exchange function implemented in the site that connects your account to the WAVES dex (it is a link and not an internal exchange). Obtained the tokens, join the challenge by claiming the bonus tokens on the basis of your purchase and also obtained these, decide in which% to send them to the bot and in which% to leave in staking. In this way, at the end of the 28 days, you will get BTC to redeem the token purchase and reclaim the challenge bonus without having to re-enter other funds and send them back to the bot. During the rental cycles, the staking part will continue to grow without you noticing it. Obviously you will reach a price target to which you will want to sell part of your tokens to return the initial expenditure and in that case you lose the right to join the challenge 1k to 1M but by exploiting the bot and staking, the loss of this right will no longer be a problem. My advice, if you tell me to deepen the topic and insert you in the project, is to always keep a part of the token in staking so as to constantly guarantee you a source of monthly income. For an idea on the price target it is obviously a personal thing as well as the proposed idea about an investment strategy but in any case, always remember the golden rule, "Do not invest more than you are willing to lose!".

Thank you for reading and good luck for your investments. For those who want to follow me, in the future I will show the% of progress in my investment.