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Is it too late to buy Bitcoin?

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After months of inactivity, Bitcoin it has woken up and has remained above $ 11,500. According Glassnode, 75% of BTC portfolios are in a profitable state. The mode FOMO, or the fear of missing the wave, could be seen in the market and, many people wonder if it is too late for the party.

Situation with Bitcoin

For Bitcoin to stay above $ 10,000 is not a common occasion, as it has only traded above this level for more than 27 weeks in history. So the fact that Bitcoin is holding its own above this level, despite the massive selling in the past two weeks, indicates that this could really be the bull run that we are waiting for.

However, currently, Bitcoin’s fear and greed index is 74, indicating a high sentiment of greed in the market. Major corrections often occur when the market reaches high or extreme greed. Therefore, the retail traders are in FOMO mode in the market and want to have some coins they should be cautious.

Fortunately, there are still ways to make a profit with Bitcoin no matter which direction the coin is headed.

Futures trading: a popular instrument for hedging and speculation

Bitcoin futures trading allows traders to invest in Bitcoin short or long, so even when the price of Bitcoin is declining, traders could still profit from it.

For example, if we have 1 BTC and invest it in the spot market, we would only lose money if the price of BTC goes down. But if we open a short contract with that 1 BTC, when Bitcoin is trading at $ 12,000, and we sell the contract when it drops to $ 11,000, here is our profit:

Profit = ($ 12,000 – $ 11,000) * 1BTC / $ 11,000 = 0.09 BTC

The more the price of Bitcoin decreases, the more profit we could make by shortening BTC. This also applies to the scenario where Bitcoin continues to rise.

Another key feature of futures trading is leverage. With leverage we can invest a small amount of money to open a larger position, amplifying the gains if we bet in the right direction. So even if the market only moves a little bit, the leverage could help us make substantial money.

For example, if we employ 100x leverage on the aforementioned trade, our profit will increase 100 times from 0.09 BTC to 9.09 BTC, and all we need to invest is 1 BTC.

Where to trade BTC futures with 100x leverage?

As long as there are price fluctuations, traders can profit from futures trading. If futures trading is your thing, the next thing to consider is finding an easy-to-use crypto exchange.

Bexplus is a world leading cryptocurrency futures exchange, offering perpetual contracts for Bitcoin, Ethereum and Litecoin, XRP and EOS with 100x leverage. Bexplus is a platform for many beginners with its easy-to-use and well-designed business interface.

Demo account with 10 BTC

Bexplus is one of the few exchanges that offers a free demo account, using its trading rules and widgets.

Bexplus interface
Bexplus interface

By registering with email, without the need for KYC, traders will instantly receive a real account and a demo account. Inside the demo account there are 10 BTC for traders to practice and test strategies as much as they want.

A BTC wallet: up to 30% annualized interest without any risk

Bexplus users can profit not only from trading. With the Bexplus wallet you can earn up to 30% annualized interest risk-free. With interest of up to 30% annualized, it is without a doubt one of the most profitable rates in the industry.

In addition, it should be noted that when buying Bitcoin, they would go to this wallet. Therefore, it is used to deposit your own BTC and store the new ones you buy.

While most lending platforms require merchants to deposit at least 1 BTC, merchants can make a deposit starting at 0.05 BTC at Bexplus.

Bexplus Bitcoin wallet performance
Bexplus Bitcoin wallet performance

Profit / Loss Calculator

Before opening a contract, traders can calculate the estimated profit / loss and fee on the built-in calculator. So that they can enter the trade with a clearer head.

Profit and loss calculator
Profit and loss calculator

Trade freely on Android and iOS

The top-notch Bexplus application integrates all the necessary functions and tools: real-time charts, a variety of indicators, news alerts, etc. Maintaining a minimalist and intuitive interface to be easy to use and comfortable for everyone.

In this way, buying Bitcoin is done in a comfortable way, having the necessary tools at hand.

With the Bexplus app, you can manage your account anywhere and anytime you want. Plus, 24/7 notifications could keep you up to date with big price movements, making it easy to secure your positions.

So you can buy, sell or trade Bitcoin anywhere in the world, all from the palm of your hand.

Interface to buy Bitcoin from the mobile application
Interface to buy Bitcoin from the mobile application

You can get a 100% refund in BTC

Deposit Bitcoin into the Bexplus account and you can earn a 100% BTC bonus, which can also be used to trade futures contracts. The more you deposit, the more bonus you get. There is up to 10 BTC available for each deposit.

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