Today, I will be showing you one simple way Bitcoin crypto traders have manage to increase their profits as the market becomes more volatile.
Bitcoin crypto traders have experienced multiple ups and downs in recent days, with the price of Bitcoin jumping from $32,000 to $ 38,500, only to drop back to $33,000 in less than a day.
Bitcoin makes life difficult for crypto traders
After struggling for $31,000 for over a week, Bitcoin finally rallied to $38,500 after Elon Musk changed his Twitter profile to #Bitcoin.
Nonetheless, it was not the breakout that crypto traders expected as the price of Bitcoin soon fell back to previous levels. Now, the failure of the 'Elon Musk catalyst' has convinced many crypto traders that Bitcoin's rally is over.
While the participation of big names on Wall Street has raised the profile of Bitcoin, the largest crypto by market capitalization remains a highly volatile and speculative asset.
Therefore, 10% to 20% pullbacks are all too common in Bitcoin's short history. While hodlers are uncomfortable with losing paper at the moment, many crypto futures traders make high profits on Bitcoin's pullbacks.
Profit and loss coverage through futures trading
In futures trading, crypto traders can sell cryptocurrencies short or long and increase their exposure through leverage. Every fluctuation in Bitcoin is an opportunity to make a profit. It is perfectly normal for traders to achieve an ROI of 100% or more.
But how is that possible? I will tell you!
Step 1 : Suppose the current price of BTC is $31,000. If you think the price is going to go down, you can open a short position with 0.01 BTC. Now 0.01 BTC may not sound like much, but with 100x leverage, you can open a contract worth 1 BTC.
Step 2 : If the price of BTC falls to $30,000, close the position.
Profit: ($31,000- $30,000) * 1 BTC / $30,000 = 0.033 BTC. That simple you can profit from the volatility of Bitcoin.
Let me introduce you to trading platform that offers crypto traders bonuses upto 10 BTC.
Bexplus, the place to trade futures
Bexplus , registered in Saint Vincent and the Grenadines, is a leading crypto derivatives trading platform offering 100x leveraged futures trading on a variety of trading pairs: BTC, ETH, LTC, EOS, XRP, etc.
Plus, with no margin, no KYC requirements, no deposit fee, Bexplus is trusted by customers around the world, including the US, Japan, Iran, and Sudan.
Demo account with 10 BTC
What better way to improve your skills than by practicing on the simulator? There are 10 rechargeable BTCs on the demo account for crypto traders to practice as much as they want, without taking any risk. You can also learn to analyze the market and use the toolkit with the demo account.
An excellent mobile app
The Bexplus mobile app ranks in the Top 5 of search results for keywords related to bitcoin crypto trading in 56 countries, according to App Annie.
So this full-featured app gives you the same experience when using a computer, only much more convenient.
Additionally, the Bexplus mobile app has a 24/7 market notification to keep you up to date with any big market movements.
It is worth mentioning that all data and assets can be accessed through all kinds of devices, including Windows, Macbooks, Android phones, iPhones, and tablets.
Always available for you!
You can submit a withdrawal request anytime you want. Also, you can get your deposits back in as little as 1 hour during business hours.
Also, if you encounter any problems when using Bexplus, you can contact customer service through different channels such as email and live chat. In the meantime, if you want to improve your business skills, Bexplus analysts are always ready to help.
100% bonus to help you maximize crypto earnings
Double deposits, double profits! Users can get a 100% interest bonus for every deposit at Bexplus.
Thus, if you deposit 1 BTC, 2 BTC will be credited to your account and the winnings from the bonus can be withdrawn. Each user can join the promotion and get a bonus of up to 10 BTC. Also, now active users can get a 10% discount on their transaction fee.
For more details:
Website: http://m.bexplus.com
