This time last year, Bitcoin reached its all-time-high price.
Since then, however, bitcoin has declined by more than 80% in price. BTC speculators or investors aren’t tiring of bitcoin, however. A lot of people that missed out on the late 2017 and early 2018 price hike, jump into the crypto world, expecting to make a fortune when it hits its former levels.
In the following, we explore 3 types of profitable BTC investment.
1. Invest in BTC Spot and Wait for Appreciation
Bitcoin spot trade may be the first transaction type that most investors will opt for when they first enter the cryptocurrency arena. Investors can directly buy BTC with fiat currencies. The only way to earn money with BTC spot is to wait for its price to rise. Unless you are willing to wait for its appreciation in several years, you may wish to turn to another type of investment.
2. Exchange BTC to USDT and Earn the Spread
USDT is the cryptocurrency version of US dollar and also considered a stable cryptocurrency. Generally speaking, when BTC and other cryptocurrencies drop, USDT may move the opposite way. Therefore, when the BTC market is going down, investors will exchange BTC to USDT to earn the spread.
3. Make Two-way Profits with BTC Futures Contracts
Different from the first two types of investment, BTC futures trading enables investors to make profit from BTC movements.
Traders need to predict whetehr the BTC trend will be upward or downward in the near future. Futures contracts provide X times leverage, which means even though you actually only hold a small amount of BTC, you can also open a larger position. No matter at which price you start the investing, as long as you choose the right direction, you can have chance to make great profits. Trading with leverage also means you can lose money easily.
Which Investment in Bitcoin is Profitable Based on the Current Trend?
Since BTC seems at the moment not to be seeing a major breakout, those looking to make profits in the short term might look to BTC futures trading. As long as there is price fluctuation, there is the opportunity to profit from it.
Bexplus is a popular cryptocurrency futures exchange which provides Bitcoin, Ethereum and Litecoin perpetual contracts with 100x leverage. Established in late 2017, Bexplus has completed tens of millions of US dollar fundraising and financing, which guarantees the solid foundation as well as the long-term development of Bexplus exchange platform. It also supports 15 languages and covers 26 countries and regions worldwide.
BTC, ETH and LTC perpetual contracts mean you can open or close an order anytime you want. You can decide to long (assuming price up) or short (assuming price down) BTC, ETH or LTC based on your own analysis. For example, with 100x leverage added, you can use 1 BTC to enter a 100 BTC trade. If the price goes up or down 1%, you can get 100% profit. (If the price drops by 1% you will lose your investment). Furthermore, you can set stop-profit and stop-loss to control the risks.
Whether Bitcoin will take off in 2019 or not, you can choose to invest in BTC futures contract and make profits. If you haven’t yet traded futures before, you can try it in the trading simulator in Bexplus.
Deposit Activity to Earn 50% BTC Free Bonus
To deposit BTC in the Bexplus account, you can earn a 50% BTC bonus, which can also be used to trade futures contract and withdrawn. The more the deposit, the more bonus you will get!
Invite Friends to Join and Earn 30% Commission
Invite friends to register and trade in Bexplus, you can share 30% transaction fee of your invitees as commission. Also both you and our invitees can enjoy 10% OFF service charge.
Register with invitation code PCDfB to enjoy 10% OFF charge fee.
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