The cryptocurrency market has been fighting a dangerous typhoon recently. Bitcoin (BTC) decreased considerably on Nov. 15 and followed it up with an even sharper fall on Nov 16.
Bitcoin plummeted by 18%
Since reaching the all-time high of $69,000 on November 10. Now，BTC has been falling to around 58,500, falling by 18%. In other words, if you bought a Bitcoin spot at $69,000, your assets have shrunk by 18%.
However, there are still some people in the market who took advantage of this plunge to earn more than 1000% return. How did they make it? If you want to know the answer, then you have to understand one of the most popular investment methods at present: 100 times leveraged futures trading cryptocurrency.
What is the Difference between it and the Spot?
The traditional spot can only buy up and wait for the rise to make a profit. With 100 times leveraged futures trading, you can either buy up (go long) or buy down (go short), which means that you can take profits whether the market rises or falls. What’s more, you have 100 times leverage to magnify your profits.
How 100x Leverage Works?
With 100x leverage applied, traders 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). If we use 1 BTC to open a short contract at the price of $69,000 and close it when Bitcoin is trading at $58,500, our profit will be ($69,000 – $58,500) * 100 BTC / $58,500 = 18BTC, making the ROI of 1800%.
Recommended 100X Leverage Trading Platform
Bexplus is a leading crypto derivatives trading platform offering 100x leverage futures trading on various trading pairs: BTC, ETH, ADA, Doge, XRP, etc. Bexplus doesn’t require KYC and is popular among over 800k traders from 0ver 200 countries/regions. In addition, it is safe for being accredited by MSB (Money Services Business).
Other Remarkable Benefits
Bexplus offers 100% bonus for every deposit, with which you can open bigger positions and gain more profits. Deposit 1 BTC and you will get 2 BTC credited to your account. Every user can get up to 10 BTC for each deposit. (Bonuses are not withdrawable, the profit obtained with the bonus can be withdrawn.)
When you are not trading, you can transfer your BTC to the interest-bearing wallet and enjoy up to 21% annualized interest without any risks, which is no doubt one of the most profitable rates in the industry.
A Demo Account with 10 BTC
A demo account with 10 replenishable BTC offered by Bexplus can help you better familiarize with leveraged trading and practice trading without taking any risks. You can also learn to analyze the market and use the tool-kit with the demo account.
24/7 Withdrawal and 24/7 Customer Support
You can submit a withdrawal request anytime you want and have your deposits back in as fast as 30 minutes during work hours. If you encounter any problems, you can contact customer support via different channels like e-mail and live chat.
With the Bexplus App, you can manage your account and trade anywhere and anytime you want. It also integrates other tools like real-time charts, news alerts, etc., which are going to be your capable assistants in trading. Download the Bexplus APP on the Apple Store and Google Play.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.