As Global Tensions Grow, Bitcoin Price May Go Higher - Global Coin Report
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As Global Tensions Grow, Bitcoin Price May Go Higher

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BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to buy and hold. 

Due to the uncertainty of the global economy, Bitcoin performed a strong upward movement from $9,400 to $9,700 on Monday, appreciating 3% in past 2 days. Though it declined sharply to as low as $9,000 early today, the daily chart also highlights that BTC may soon manage to break above the $10,500 area. This could propel the cryptocurrency into a major new bullish trend.

Grasp the BTC Fluctuations and Get Bigger Gains

For investors who have a lot of funds to invest in the Bitcoin market, buying a great number of BTC at a low price and selling it at higher price might be the most secure yet profitable trading method. However, for most of us, we don’t have not so much money for investment, we can trade BTC futures contracts with 100x leverage. A small capital investment may lead to greater gains. 

As an example, opening a position with an initial margin of 0.1 BTC with 100x leverage is essentially equivalent to controlling a position size of 10 BTC. If Bitcoin gains in value by 10 percent during this time period, you would have a profit of $10,000 — all while only risking your initial 0.1 BTC margin. Besides, it allows traders to short the market — allowing them to profit even when the market is down. With BTC being such a volatile trading product, margin trading essentially provides much more opportunities to profit compared to one-directional BTC spot trade.

Bexplus is one of the most popular futures exchanges in the cryptocurrency market. It provides a variety of trading pairs including BTC/USDT, ETH/USDT, EOS/USDT, LTC/USDT and XRP/USDT with 100x leverage. By using leverage, cryptocurrency traders can increase their exposure to price movements and turn what would otherwise be small gains when spot trading into extraordinary profits.

Why Choose Bexplus?

  • NO KYC

Bexplus allows users to register an account with No KYC required. Users can start trading after easy registration with email without completing any sort of AML/KYC

  • Mobile Support

Users can trade futures contracts on both computers and mobile phones, including iOS and Android. Download the Bexplus app from App stores or Google Play and trade on the go. 

  • Ultra-fast Deposit & Withdrawal

Deposit and withdrawal are processed at a fast speed. No service charge for the deposit. To withdraw bitcoin, you just need to submit the withdrawal request form and the money will be soon credited in your wallet. No maximum amount limited. 

  • Fair Quote of Price

     Bexplus quote index is weighted average of those from top 5 exchanges, including Bitfines, Binance, Poloniex, Huobi Global and ZB. It also equipped with anti-manipulation mechanism and it can execute 30,000 orders/TPS without latency even during strong market fluctuations

  • Trading simulator

Bexplus provides the trading simulator with 10 free BTC If you are a beginner or inexperienced in crypto futures trading, you can practice trading without losing a penny. You can also use P/L calculator to estimate the profit/loss before entering the trade at a precise price point. 

  •   100% deposit bonus

To deposit BTC in the real account, you can earn 100% BTC bonus, which can also be used to trade futures contracts. The more deposit, the more bonus you will get. You can get up to 10 FREE BTC as bonus!

Trade BTC futures contracts with 100x leverage in Bexplus, you will have more chances to make a fortune during the coming bull market. 

Bitcoin

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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