Earlier this year bitcoin was rallying really hard, gaining more than 200% between April and June 26, when it reached almost $14,000. Since then, bitcoin’s volatility significantly decreased: since August 15-27 world’s largest cryptocurrency has been trading between $9,600-10,900, making long-term investors feeling not very positive.
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According to figures provided by Blockforce Capital and Digital Asset Data, Bitcoin’s 30-day volatility fell to a reading of 64 on Sunday, August 25, its lowest since June 25.
This chart shows a more than 50% drop from the reading’s recent peak of 131% reached on July 19:
Source: Blockforce Capital and Digital Asset Data
Data on monthly range, measure that shows the difference between bitcoin’s high price and low price every month also shows that bitcoin doing not that great recently. According to Blockforce Capital and Digital Asset Data, this measure recently fell to its lowest since March.
As data above shows, it’s not a such positive situation for bitcoin investors. Considering such stagnation, buying bitcoin and waiting for the price to rise could be not the most effective way to invest in crypto.
Tired of BTC Stagnation? Try Leveraged Trading on Bexplus
Bexplus is an advanced cryptocurrency margin trading platform offering 100x leverage. The core feature of margin trading is an ability of gaining profits not only when bitcoin price rises, but also when it goes down by opening short (buy) and long (sell) positions.
Even with slightest activity on the market, investors still can trade and gain profits, let’s explain it by this simple example:
As an example, say you want to buy 1 BTC at a price of $10,000. To open such a trade on a fiat-to-crypto exchange you would need to pay $10,000. If the Bitcoin Price goes up by 1%, so 1 BTC now worth $10,100. If you choose to then sell them to secure your profit, you’d have made $100 from your original $10,000 investment.
Now let’s compare that to 100x leverage on Bexplus. Here you would only have to pay 1% open the same trade, which means $100 (0.01 BTC) to open a 1 BTC position. If Bitcoin’s price rises by 1%, you will still have made the same profit of $100, but at a considerably reduced cost.
Before you start to trade with leverage, it’s also a good idea to get some practice. Especially for new users Bexplus team designed free trading simulator: as soon as you register on the platform you get 10 BTC for your simulator account.
100x leverage allows investors to open positions of significantly greater amount with relatively small investments. 100x leverage is still quite a rare feature on most of the exchanges.
Besides bitcoin, of course, you also can trade altcoins: ETH, LTC, XRP, EOS are available for trading now on Bexplus.
Bonus for the new users: make a deposit and get 100% bonus!
In order to thank all the new users, we offer 100% deposit bonus for all the new users: for example, by depositing 1 BTC you will get 2 BTC in total. Bonus is not withdrawable, but can be used for trading. All the profits made with 100% bonus can be withdrawn.
Besides, there’s a BTC Wallet account available on Bexplus: by depositing certain amount of bitcoins you can receive annualized interest, which rates between 18-30%, depending on the amount of your deposit. The funds can be withdrawn at any time if you’ll decide to change your mind.
Start earning with Bexplus today!
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The post Bitcoin Volatility Is Lowest Since June: How to Gain Your Profits? appeared first on Global Coin Report.
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