The year 2020 is just too great for Bitcoin: from the beginning of the year, Bitcoin is up more than 30%, meanwhile crypto investors argue on Twitter, how far the world’s main cryptocurrency will go and whether 2020 will be a new record year for Bitcoin.
What is different from 2017, is what is pushing Bitcoin price higher now. Seemingly, 2017 Bitcoin run was driven by retail investors: ordinary people who came to crypto amid growing hype and FOMO. As to crypto analytics company Glassnode, the 2020 bullish run is pumped by institutional investors buying up Bitcoin despite the growing price. As Bitcoin’s price changes more and more resemble gold, we also can see that investors by up crypto out of fear about financial instability during the coronavirus outbreak in China.
So, how to effectively enter the new bull market?
1. Buy in and Wait (Spot Trading)
For most beginners, Bitcoin spot trading might be the first thing that comes to mind: all you need is to buy some Bitcoins and wait until you’ll sell it at higher prices. This type of trading is less risky but might require plenty of time till you see Bitcoin hit a desirable price. It makes more sense to buy a large amount of crypto to gain significant profits.
2.Crypto Leveraged Trading: Quick Two-way Profits from Bitcoin Price Moves
Different from spot trading, leveraged crypto trading allows investors to gain profits from both Bitcoin price ups and downs. Traders need to correctly predict the trend, and to open buying (or long) or selling (short) positions. Besides, by using leverage it’s possible to open large positions with a small amount of crypto invested. As long as the right price direction is chosen, it’s always possible to gain profits no matter if price grows or falls.
Earn your first Bitcoin on Bexplus
Established in late 2017, Bexplus is a leading crypto futures trading platform headquartered in Hong Kong, which has branches in Singapore, Japan, US and Brazil and is constantly expanding worldwide. Currently Bexplus provides BTC, ETH, LTC, EOS and XRP perpetual contracts for trading with up to 100x leverage.
With 100x leverage applied, you can use 1 BTC to open a position of 100 BTC by going long (predicting BTC price will be up) or going short (predicting BTC price will be down). Besides, Bexplus has risk control instruments to maximize your profits as well as control the risks.
For example, in the spot trading, if you buy 1 Bitcoin at the price of $10,000, and climbs up to $10,500, you’ll gain only $500 as profits. On Bexplus, if you invest in 1 BTC at the same price with 100x leverage, and the Bitcoin price rises to $10,500, you have a chance to get profits of more than 4.5 Bitcoins (1 BTC* (10,500-10,000)/10,000 * 100 = 4.5115 BTC, more than 450% ROI, fees included).
Image Source: Coindingo.com
Bexplus Trading Simulator: Try out Authentic Crypto Trading
If you haven’t traded cryptocurrency futures before, you can try out the Trading Simulator with free 10 Bitcoins available. It also helps to get to know Bexplus trading interface as well as the trading algorithms before starting to work with the real crypto assets. How to start your first successful trade in Bexplus trading simulation mode:
- Click on the trading page on Bexplus, open a buy position at the price of $10,000 if you predict the BTC price will be upward soon.
- Set the trading volume within the range of 0.1 – 100. Added 100x leverage, you can type in any volume you want and the actual amount of BTC you invest in will display as the margin used.
- For instance, set 100 as the volume which will use 1 Bitcoin as margin. Click the Buy/Up button to execute the buy order. Close the position at the price of $10,500, you can get:
1 BTC * (10,500-10,000)/10,000 * 100 = 4.5115 BTC (fees included).
Limited Offer: 100% Deposit Bonus
To deposit BTC in the Bexplus account, you can earn 100% BTC bonus, which can also be used to trade futures contracts. The more deposit, the more bonus you will get. You can get up to 10 BTC as a bonus!
Find more about Bexplus:
Website: www.bexplus.com
Mobile Trading (Android): https://play.google.com/store/apps/details?id=com.lingxi.bexplus
Mobile Trading (iOS): https://apps.apple.com/us/app/bexplus-profit-from-cryptos/id1442189260
Facebook: https://www.facebook.com/Bexplusglobal
Telegram: https://t.me/bexplusexchange
Twitter: https://twitter.com/bexplusexchange
LinkedIn: https://www.linkedin.com/company/bexplusexchange/
This article is a paid press release. Readers are encouraged to do their own research.
The post Guide on How to Earn Your First Bitcoin in 2020 appeared first on BlockNewsAfrica.
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