You don't always need a lot of money to make more money, sometimes you just need time and patience. Today I’m going to show you how to double your BTC using what I call a low-risk leverage investment fund.
What is Leverage Trading?
Leverage trading is a system that allows the trader to open positions much larger than his own capital…
What this means is that if you have $10 for example, you can trade with a 2x leverage and make your initial capital now worth 20$ and whatever profit you make on that trade is yours.
Let's say Bitcoin is at $5000 and the price rises to $10,000, normally, if your bitcoin is sitting in your wallet, your 10$ worth of bitcoin would become 20$ since the price of bitcoin has doubled. That's nice but what if you could do more?
If you use leverage trading and let’s say you have $10 in your balance and you use a 2x leverage, it would make your 10$ worth 20$ and open a trade with that amount, so when bitcoin goes from $5000 to $10,000 your $20 would now be 40$ because you used a leverage position. Out of this $40, you’ll keep your initial 10$ + the 20$ extra you made when it went from $20-$40. I know it might sound confusing so I’ll just get into showing you how to use this tool as a low-risk investment.
3x leverage means $10 becomes–> $30,
4x leverage means $10 becomes —>$40
Using leverage has its downsides, it’s like betting, if you think the price is going to go up, you open what is called a 'long' position, and if you think it’s going to go down you open a 'short' position. The more leverage you use, the riskier your investment will be. If the trade goes against you, you can lose all your money, this is called "liquidation".
If you use 10$ on a 10x leverage to make a $100 trade, but bitcoin falls from 5k to 2k, if your liquidation price is at $2000, once BTC drops to that price you will lose all the 10$ you used in that leverage. This is called ‘liquidation”, you lost the bet and now you must pay.
We will not use more than 1.2x leverage because we do not want our position to get liquidated no matter how low bitcoin goes, our trade will remain open until whenever Bitcoin pumps back up. So now, let’s get to the action:
Step 1:
You’ll need to Register on an exchange where you’ll keep your earnings and add leverage. I use www.bybit.com to leverage trade so sign up using this link and get up to $90 FREE https://www.bybit.com/app/register?ref=7JGGw and let's begin.
Minimum deposit is: 0.00000001 BTC.
Withdrawal: -0.0001 BTC
Step 2:
After you register, go to deposit and copy your deposit address and use it to withdraw your bitcoins from faucets. After you deposit, now here’s the part you need to pay attention.
Step 3:
Go to Trade as seen in the image below
Step 4:
Focus on this section as this is where you will be placing your trade]
Step 5:
Now click on market as shown below
Step 6:
Now select how much leverage you want as you can see below, click on the pen tool to set the leverage you want or select one from the list.
Step 7:
Then we’re gonna input our leverage manually. Type in 1.2 and click the green check, mark to save
Step 8:
Now put in the number of contracts you’ll like to buy and click Buy long. Depending on your balance, the system will let you know if you have sufficient funds.
Step 9:
Congrats, you’ve successfully opened a long position with 1.2x leverage. Now the hard part, for this plan to work, you have to be patient, think long term, and be ready to watch BTC drop short-term. You don’t have to deposit all your money, just deposit whatever you can, as often as you can, and keep repeating this process. It will keep adding your satoshi to the contract hereby earning more than you would earn if you just saved it in your wallet.
Disclaimer: Leverage trading is a high-risk tool, I have lost a lot of money from using 10x and 20x leverage. You will make some profit but quickly lose it again as you can’t predict Bitcoins' behavior, nobody can. So, be responsible, don’t abuse this tool, you can’t double your BTC and get rich overnight, think longterm.
This post is for educational purposes and not financial advice, it is up to you to adopt this plan or choose your own path. This is my own plan, I plan on doing this till 2025, I don’t know what bitcoin will be worth then but I’m sure I will be glad I adopted this plan. if you made it this far, congrats, leave a comment below if you have any questions. Cheers guys…
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