In this dip situation , where everyone is worried about there profit that they want to make from bitcoin or any other alt coin. Everyone is worried as there money is deteoriated day by day and continuously decline to half.
But, wait what all of us do, buy at dip and sell at high ? Just only that .Those who do crypto trading are also aware of Future and option trading in SHARE MARKET. Where a trader makes profit in either way i.e whether market go up or down , they work with call and put option.
If same is happen with bitcoin or altcoin that we have to not worried whether bitcoin goes up or goes into dip we get our profit like share market.
Let introduced with BITMEX . BitMEX is a P2P crypto-products trading platform. BitMEX offers a variety of contract types. All contracts are bought and paid out in Bitcoin. And there contracts does not expires means until and unless you don’t want to get into loss , no one give you loss.
Just buy any of coin and select your market direction with your analytical approach means what you thought about market, whether it will go up or down . If you buy your contracts or coin and select market will go up ( which is technically called as LONG ) . Then you will get profit when your idea selection and market direction are in the same way. In contrary of that if you purchase your contract or bitcoin and select market will go down ( which is technically called as SHORT), then you will get profit when your idea selection and market direction are in the same way.
In this way you will earn or make profit in this dip market also.
What makes BITMEX Unique :
- Bitmex offers its service worldwide except USA .
- A wide variety of alt coin along with bitcoin is available to trade in both long and short position.
- Till date Bitcoin lost through intrusion or hacking is zero. Great safety
- No kyc is required to perform trading.
- And most unique feature is there leverage .
BITMEX provide leverage trading upto 100 x for bitcoin trading and upto 50x for Ethereum.
With the help of leverage trading you may perform trading and get profit upto leverage times. For example, if you have 1BTC which you buy at 6000 $ and do long trading for 6050 $ and put leverage of 5x , then if you make successful profit in long of 50$ , then actually you get profit worth of five times equals to 250 $ in place of 50 $, as you put 5x leverage. But if you fail you also get loss of 5 times i.e 250 $. Its all depends upon your risk.
So why to worry join at bitmex and get profit in this dip also .
Hope this will help you. If my effort is worth something or at least help you to understand something. Reward me with your upvotes and comment what you like or not in this post.
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My earlier post that may be beneficial for you :-
https://steemit.com/steemit/@tausifajmal/curation-reward-free-money-to-all-by-steemit-how-whales-grab-it
@tausifajmal Bitmex is good platform if you want to do leverage trading. But it is beneficial only if you know the charts or you really able to predict the future
In bearish market we can buy all the maim coins
Bitmax is very risky this plateform is only for pro traders
Bitmex?First time listening to this name but by the way thanks for informing