It’s estimated 2020’s bitcoin halving will happen in early May. Bitcoin traders can hear the opportunity knocking and it will change many people’s lives. In the last 30 days, the bitcoin price has been increasing from $8,138 to over $10,000.
A prediction from Sonny Singh, Bitpay’s Chief Commercial Officer, claimed that Bitcoin will be at an all-time high over $20,000 this year. The prediction sounds conservative when compared to an analysis from Nexo co-founder Antoni Trenchev who was interviewed by Bloomberg saying $50,000 is achievable. So in the middle of the year, the bitcoin price can go from $14,000 to $20,000 per these predictions.
The halving is expected but still exciting. As the mining rewards will be halved soon, the bitcoin supply will inevitably be shortened considering the Bitcoin has become a widely recognized cryptocurrency.
In January 2020, Pornhub announced that PayPal blocked its transactions and that it was using Verge (XVG) and Tether’s USDT to pay models. Now some of Pornhub’s models are crypto traders like you! The giant, Pornhub, is estimated to earn billions of dollars every year. Assuming 30% of their revenue goes to models, they may be using cryptocurrencies to buy everyday items in the near future.
“Bitcoin is now more widely used as a currency which makes it an asset with more potential”, commented by Justin Kwok, Bexplus’ Analysis Director.
The halving leaves us a question: how can you get rich in the next wave? For the first two halvings, the market was influenced in the same year of the event. Justin Kwok says that this is the chance to see 520,000 bitcoin traders become millionaires as long as they hold at least 1 BTC, with the help of proper trading tools.
How can you make this happen? The 100x leveraged trading tool allows you to invest small margins but will gain 100x the profits in return. If you invest 1 BTC, and the price of bitcoin goes up to $20,000, at the time you close the position, you will have 47.64+1=48.64 BTC in hand, valuing by 48.64*20,000=$972,800 USD.
With the 100x leverage tool provided by Bexplus, you can open a 1 BTC position with only 1/100 BTC as margin. In case the long/short direction goes wrong, all you can lose is part of the 1/100 BTC margin. The worst case is to lose all of the 1/100 BTC, but the best case is to earn profits based on 1 BTC.
The profit rate of such a strategy relies on market trends, the incoming halving makes trading long a more secure option. With the 100x leverage trading tool, you can easily double your Bitcoin quickly. For small traders, to join the Millionaire’s Club, the first step is to join the 1 BTC Holder Club.
Besides handling positions in computers like Wall Street traders, crypto traders can also trade to execute their strategies quickly and easily with their mobile phones.
“Future trading is the future for crypto trading, and mobile trading is exactly a secret weapon to win ahead of all traders when the others are still hesitating, Bexplus develops lite-sized but professional apps for all devices to ensure you won’t miss any opportunity that may change your life,” as Justin Kwok added at last.
Search “bexplus” with your smartphone to download the 100x leveraged trading app.)