Bitcoin is still seeing the sideways movement and in the price range of $3,500 to $3,600 in the most recent 2 weeks.
According to a report from Reuters, JP Morgan predicts that BTC could find support at $2,400, but could fall below $1,260 if the bear market persists. However, some optimistic commentators have claimed that BTC won’t even near the $1,700 mark.
No matter whether it will drop down to that level or not, it’s one thing for sure that BTC will not recover in short term. So invest Bitcoin spot is not profitable based on the current trend.
Investors worldwide tend to invest in BTC futures contracts. Compared to the spot market, BTC futures trading can be much more profitable, which can also used to hedge BTC spot trades. Even during the crypto winter, it also provides investors chance to earn BTC.
Tips on Bitcoin Futures Trading in Bexplus
Bexplus is a Hong Kong-based cryptocurrency futures exchange platform founded in 2017.
Covering 36 countries and 21 kinds of languages worldwide, it has established offices in U.S., Australia, Russia, India and etc. In 2018, it also received over $10,000,000 financing from Hong Kong and U.S Venture Capital associates, making it a reliable crypto futures exchange for up to 100 thousand investors.
Different from the weekly or quarterly cycle which has expiration, what Bexplus provides is the perpetual futures, allowing traders to end the contract anytime at any price they want. And they can trade both sides of the market, i.e. getting long when they assume the BTC may go up or going short predicting the price may come down in the near future.
100x leverage is added by default, which is also considered as a good chance for investors to “bet” on a larger BTC trade and make more profit.
For example, you initiate a long position with 0.01 BTC at $3,500. With 100x leverage added, you can open a 1 BTC position with only 0.01 BTC as margin. When BTC reached $3,600 (+2%), you can get 200% profit. If you open a short position at $3,600 and BTC did decline to $3,500, you can also get 200% profit.
Note: You can set the stop-profit as well as stop-loss points for risks management. If you are not familiar with crypto futures trading, you can try in the trading simulator with 10 BTC preset and go thought the trading rules.
Bitcoin futures trading is undoubtedly the best way for you to earn money during the crypto winter. Join Bexplus to invest in BTC futures contracts and make profit before the next bullish run in 2020.
(#Register with invitation code PCDfB to enjoy 10% OFF charge fee.)
Deposit Activity to Earn 50% BTC Free Bonus
To deposit BTC in the Bexplus account, you can earn 50% BTC bonus, which can also be used to trade futures contract and withdrawn. The more deposit, the more bonus you will get!
Invite Friends to Join and Earn 30% Commission
Invite friends to register and trade in Bexplus, you can share 30% transaction fee of your invitees as commission. Also both you and our invitees can enjoy 10% OFF service charge.
For business cooperation: email@example.com