Monday was an exciting day for the crypto-world as bitcoin ultimately broke the $10,000 psychological resistance. Just as people were speculating whether this was a start of a $20,000 ride, the market unexpectedly placed a damper on them-the price of bitcoin fell more than $800 in five minutes, dragging many cryptocurrencies to the red.
While the sudden plump was just another volatile episode of bitcoin, it was the umpteenth time such a huge fluctuation occurred on the market, so naturally, it creates some doubts for bitcoin enthusiasts as to whether bitcoin will see a significant increase in the near future, and how long it will be.
We often say that the bitcoin market is a rollercoaster ride, but in the last few months, it seems more like a combination of a rollercoaster ride and a merry-go-round that keeps hovering around $9,000 and $10,000. sNow, for spot traders and hodlers, it seems like a really lackluster moment.
So, is it still wise to invest in bitcoin right now? Is there anything we can do in addition to waiting for the price to rise?
Compare with spot trading, leveraged trading is tailored made for volatile markets. Here are some advantages of leveraged comparing with spot trading:
Generate Profits on Both the Ups and Downs of the Market
Leveraged trading is more flexible than spot trading. In leveraged trading, you can make profits by speculating the price movement of bitcoin, instead of waiting for the price to increase. You can earn as much as bitcoins even in the bull market.
While spot trading requires you to prepare a large sum of money, leveraged trading enables you to “borrow” money from the exchanges, so the pressure on your cash flow is much lower. Besides, in spot trading or hodling, it might take days or even months for the market to gather pace and generate profits for you. But with leveraged trading, every small fluctuation is an opportunity to earn money.
To illustrate, with the 100x leverage provided by Bexplus, you can open a position 100 times bigger than your initial capital. Let’s assume you open a short position 2 days ago with 1 BTC when bitcoin was changing hands at $10,000. With 100x leveraged, your position will worth 100 BTC. Now, the price of bitcoin nosedived to $9,500 in just a few hours. Your profit would be: ($10,000 – $9,500) * 100 BTC / $9,500 = 5.26 BTC. Your ROI would be 5.26 / 1 *100% = 526%.
Bexplus – The Go-to Futures Exchange for Beginners and Veterans
Headquartered in Hong Kong and established in 2017, Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts.
No spread, no KYC requirements, no deposit fee, Bexplus is trusted by traders worldwide, including USA, Japan, Iran, Singapore, and Sudan.
Highlighted Features of Bexplus Exchange
The user-friendly trading interface caters to the needs of both beginners and veterans. All the necessary data are clearly listed on the right side. For advanced traders, powerful tool-kit can help them better analyze the market.
Learn to Trade with 10 Free BTC
Upon registration, which takes only about 1 minute, traders will get a real account and a demo account. Even if you’re a beginner, you can still make profits like other veterans! There are 10 replenishable BTCs in the demo account for traders to practice as much as they like. You can also learn how to analyze the market and use the demo account toolkit.
Stop-loss and Take-profit
Bitcoin trading has its own risk. Since it is traded around the clock, it’s impossible for us to watch the market all the time. Bexplus’ stop-loss and take-profit options help traders better manage their positions and protect them from huge price swings.
No Deposit Fee, Easy to Convert Your Funds
Bexplus supports Bitcoin, ETH, and 11 other cryptocurrency deposits, as well as USD, EUR, and GBP deposits. With one Visa Card, you can start your journey of accumulating bitcoin.
Best Ranking Mobile Apps
Bexplus mobile app rank in the Top 5 of keyword search results related to bitcoin trading in 56 countries in App Annie. This full-featured app provides you with the same experience when using a computer, only far more convenient.
You can check the market, enter or close a trade, or deposit your funds in the interest-bearing wallet wherever you like. Bexplus mobile app has a 24/7 market notification to keep you updated with any huge market movement.
To boost the confidence of bitcoin traders, Bexplus now provides up to 10 BTC deposit bonus to users. Users can get a 100% deposit bonus for every deposit on Bexplus, and the profits gained with the bonus are withdrawable. Furthermore, active users can get 10% off of their transaction fee. You might miss the opportunity to buy bitcoin when it was trading at double-digit, but you still can catch this opportunity to earn handsome money on Bexplus!
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