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Bitcoin will return to the bear market? Bex500 senior investor teaches you how to get profit in the Bear market

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Bitcoin

—— Don’t forget to join Bex500 bonus program at the bottom of the article.

Since September, the Bitcoin price has been decline from beyond $10000 to below the $8000, which 20% of the bitcoin value has been removed. The collapse of bitcoin price brings about the new panic in the bitcoin trading market. Many bitcoin investors are scared of the returning bear market as the early of this year. On the contrary, some of the bitcoin-believer, especially the investor who brought Bitcoin in the height of the price still thought that the bitcoin price will rebound very soon. However, it is no doubt that the early stage of the bear market has been shown up in the past month. Many crypto analysts start to predict the bottom price of this market movement.

However, as the market developed, crypto traders have detected more tools to safely pass through the bear market. They realized more ways to avoid the loss of the price decline; moreover, they began to earn profit from the bear market. The key to the tools is the bitcoin futures contracts. We are honored to make an interview with Bex500 senior investor Tom Beck and he introduces the details about bitcoin futures contracts. (Reporter=R, Tom Beck=T)

R: Hi, Tom, Thank you for accepting our interview, Could you introduce yourself?

T: Sure, My name is Tom, I have over 10 years’ trading experience. I am one of the partners of the Bex500 Crypto-funds group. The capital size of this fund is over 8000 Bitcoin (over 60 million US dollars.

R: There a lot of traders are interested in Bitcoin futures contracts, could you tell us more about it?

T: Ok! The bitcoin futures contract is a derivative which is an agreement within buyer and seller to exchange the amount of bitcoin (crypto assets) at a settled price and specific time in the future. The bitcoin futures contract is usually along with leverage. Different from the regular spot trading, the futures contract has the following characteristics:

  1. Bidirectional purchase, bitcoin futures contract allows trader to earn profit from both trend of market whether the price is rise or fall. For example, as the price of bitcoin fell from $10000 to $8000, traders can earn profit from the $2000 discrepancy.
  2. Leverage, in futures contract, traders usually utilize leverage to expand the trading power to earn profit or hedge the risk. For example, Bex500 exchange provides the maximum 200x leverage to traders. A trader invests $100 to put a short position bitcoin futures contract (predict the bitcoin price to fall in the future) at the price of $1000, after leverage, the value of the bitcoin futures contract has been expanded to $20000, when the Bitcoin price only falls from $10000 to $9950 which is 0.5% decline, the trader can earn $200 from his $100 investment. If the trader previously bought a bitcoin in $10000, even he lost $50 from the decline of the price, he still earns $50 from futures trading. It is the way how the trader hedges the risk from spot trading by futures trading.

In conclusion, the bitcoin futures contract is the tool to give traders more trading options which can help traders to hedge the risk from the bear market. For the high risk speculators, bitcoin future is a great tool for them to earn multiple profits.

R: Where to trade bitcoin futures contract?

As I am the senior investor of the Bex500 exchange, I may introduce you Bex500 exchange. Indeed, I become the partner of Bex500 Crypto-Funds because the Bex500 team is one of the most top professional teams in the Cryptocurrency and finance area.

Bex500 exchange is a world-leading cryptocurrency futures exchange platform established in HongKong in 2018. It has over 40 trading products includes the perpetual contract and double contract of bitcoin and cryptocurrency, forex, commodity CFD. All the trading products can be traded in a single bitcoin-based account.

Bex500 provides up to 200 times leverage which is superior to most bitcoin exchanges.  Compared to other famous exchanges, such as Bitmex, Bex500 has more strengths: friendly interface, easy-to-use trading operation system and no slippage of the market. All those strengths represent the professional and humanization of the platform.

Bex500 team is built by a great number of great professionals from finance, web development, and High-frequency trading area. As Bex500 introduction said, “Bex500 is the first crypto exchange which employs advanced financial trading system”. The whole team has over 30 years’ experience in “traditional finance market”. It is the reason why I am here. I like to work with professionals.

R: Thank you, Tom, Hope you good luck with your work.

If you are ready the live trading, don’t forget to join the Bex500 bonus program (see information below), you may get 100% bonus which match with your first deposit. All bonus can be withdrawn after fulfilled the easy transaction volume requirement. Never miss the opportunity.

Bex500 hopes you enjoy your trading journey. Good Luck.

Sign up now and join the Bex500 bonus program to get profits. 

Join our Bonus Activity to Earn a 100% withdrawable BTC bonus.

Deposit BTC or USDT in your Bex500 Account, you may maximum earn a 100% BTC bonus. Unlike normal bonus programs in the market which provide the digital bonus only exist in users account only and unable to withdraw, Bex500 bonus program provides withdrawable bonus to all users. The Bonus in Bex500 can also cover the loss of your position. Come and get your first Bex500 Bonus.

Learn more about Bex500 Bonus at https://www.bex500.com/bonus

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Bitcoin

Blockchain technology outshines Bitcoin and Gold during global pandemic

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As the popularity of cryptocurrencies such as Bitcoin begins to level up with investments made in metals such as Gold, together they have both made significant advantages for investors who have taken a leap to invest in them.

However, thanks to the pandemic and the dynamic shift in investing and the economy, many investors have seen fluctuating losses and gains thanks to the uncertainty of the current business world. 

Many investors that backed companies who have exposure to blockchain technology have seen an approximate amount of 54% return on investments over the past year. This is even after considering how hard the global tech market and companies have been hit since the beginning of the pandemic.

What is blockchain technology?

Blockchain technology was first introduced as a supportive technology for Bitcoin. A blockchain is a simple, unchangeable and un-hackable digital ledger that holds transactions in little blocks attached to a chain. The transaction is duplicated and distributed across the entire network of systems on the blockchain, making it available for everyone on the network to see. 

Each block in the chain contains various transactions which are recorded on the participant ledger every time a transaction takes place. The database is decentralised and is managed by multiple participants known as Distributed Ledger Technology (DLT).

Although blockchain technology was birthed from Bitcoin and was widely adopted for the use of cryptocurrencies, the way it works and its security has made…

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Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

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Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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