So how can profits be made on Bitcoin volatility without necessarily holding?

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Avatar for Godsonla
4 years ago

The answer lies with – trading digital assets.

Many existing online brokers offer leveraged trading on a range of digital assets such as Bitcoin where traders can long and short BTC against USD and an array of other pairs.

If you have invested in cryptocurrencies such as Bitcoin and you fear a price dip, then fear not as there is a solution. The solution would lie in going short on a trading platform. Going short as in opening a ‘sell’ trade so you, as a trader, can benefit from a downward price movement.

Equally, if you feel that the market will take an upturn, you can deposit into a trading platform using BTC and ‘go long’ on BTC and watch your investment grow and your account balance bulge. By submitting a ‘buy’ trade using high leverage, you can not only watch your trading account balance grow but your ROI will be most pleasing.

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Comments

A very true assention you got there , thanks for this piece it has proven it worth over time I would say

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4 years ago

Nice article I always gain one or two things from your post

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4 years ago