HODL is not working for now. How do traders profit from Bitcoin trading sideways?
Register via this link now to get a permanent 10% trading fees discount.
On December 4th Bitcoin have suddenly raised for almost $1,000 in just minutes, but then gave up and returned to the $7,200 mark, similar spike showed the other major cryptocurrencies. During the last 5 days Bitcoin hasn’t showed significant spikes but gradually has grown to the level of around $7,500.
During recent months Bitcoin has been swinging wildly, some experts point out the low trading volumes as the reason for crypto’s high volatility. What exactly caused last spike is not definitely clear, but it might be the large amounts of Bitcoins transfers between so called whales, which are able to directly affect the price during periods of low trading volumes.
The current market sentiment is very low, and investors are expressing extreme fear as to fear and greed index. However, some think current situation could be a calm before the storm: a fear historically been a factor that is counter-traded by investors.
Meanwhile, investors who seek for investment opportunities in the short term might be tired of waiting for the next bullish run, and some eventually come to margin trading.
One of the major platforms offering margin trading is a Hong Kong-based Bexplus, reliable margin exchange with 100x leverage.
Bexplus: profits from slightest Bitcoin price fluctuations
For example, you’d like to invest in bitcoin by buying 1 BTC at a price of $7,000. To buy it on classic exchange you would need to pay the amount of $7,000. When Bitcoin Price goes up 1% (and now 1 BTC trades at $7,070) you’ll receive profit of 70$ if you’ll sell your 1 BTC now. Thus, you have made $70 from your original investment of $7,000.
Let’s compare how effective could be the same deal on Bexplus: you would only have to pay 1% to open the same trade, which means $70 [0.01 BTC] to open a 1 BTC position. If Bitcoin’s price rises by 1%, you’ll make the same profit of $70, but your cost is significantly lower.
In September Bexplus grants each new user with a special beginner reward pack: improve your investment power with $10 Registration bonus, 100$ Deposit bonus and 10% discount for trading fees!
Trading fee 10% discount
Regular Bexplus trading fee for BTC/USDT pair is 0.075%, which is lower than many of its competitors’. After the discount new user will enjoy just 0.07% trading fee for a BTC/USDT trading pair. The trading fee discount is permanently valid once you registered via the link from the campaign page.
$10 Registration Bonus
After registration ANY user can get a $10 [≈0.001 BTC at the time of writing] registration bonus: no need to make a deposit. $10 bonus can be traded in a real trading account, profits made with $10 registration bonus are allowed to withdraw.
$100 Deposit Bonus
All the users who made more than 0.008 BTC bonus are eligible to claim $100 [≈0.013 BTC] bonus. Deposit bonus can be used as margin, so all the profits you made will be higher than without it. Profits are allowed to withdraw.
Users who’s deposit amount is lower than 0.008 BTC can receive 100% deposit bonus. For example, by depositing 0.004 BTC user will receive 0.008 BTC.
Bexplus always has been a beginner-friendly platform: trading simulator for practicing is available on the platform. Users can start their introduction to leveraged trading by improving skills in the simulator: 10 BTC for that are granted as soon as you’ve registered.
Disclaimer: This a paid post, and should not be treated as news/advice.
Register via this link now to get a permanent 10% trading fees discount .
On December […]