Connect with us

Blogs

How to Turn the Upcoming Crypto Bull Run to Your Advantage

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

Bull runs are back, and as the crypto market sees strong recovery with each passing month — new ones are likely to keep coming in the foreseeable future. With that in mind, there is a lot of profit to be made for those who know how to exploit the current situation. Particularly when it comes to exploiting the future that analysts are almost sure is about to arrive.

It is no secret that many had lost massive amounts of money due to the 2018 crypto winter when bears were roaming the crypto space, and prices were constantly in the red. Bitcoin itself dropped from $20,000 to $3,100 within a single year.

Now, however, BTC is back on track, climbing from $3,200 to its current $8,500. In fact, the largest coin is likely to keep going up, with occasional minor corrections. A similar situation was seen back in 2017, although there are quite a few differences this time. For example, most experienced investors do not trust altcoins and ICOs as much as they used to. These trends were proven to be way too risky, and the chances are that investors will risk losing much more than they might gain.

With that in mind, one of the biggest questions that traders are asking right now is whether or not it is possible to make major profits in the crypto market as it is right now?

Bitcoin Futures: The right way to go?

Many experts believe that the answer is yes and that major profits still await in the future. Particularly when it comes to Bitcoin futures trading. For those who might not know, Bitcoin futures trading is a derivative product, where traders agree to buy or sell BTC at a certain price and at a certain time in the future. It is also possible to add leverage, which might increase the profits multiple time if your predictions end up being correct.

The idea is quite simple — traders would invest small amounts of BTC as the margin to hold the Bitcoin futures contract. If you were to invest 1 BTC with a 100x leverage, the contract’s true value would be 100 BTC. Naturally, with greater leverage also come greater risks, and your chances to make a mistake increase.

Then, there is bidirectional trading, which is another advantage that comes with trading Bitcoin futures. Right now, it appears that the future of trading will be quite bullish. However, the market is also still quite unpredictable, with many twists and turns along the way. Bitcoin goes up and down quite a lot, and in the past two weeks alone, the coin was above $8,000, only to drop to $7,300, then climb to $7,900, proceed to $8.800, and right now, it has dropped to $8,500.

With behavior like that, it is important for traders to have the ability to buy long and sell short, which lets them adapt to the market in real time.

Bitcoin futures trading has grown to be quite popular as a result, and numerous platforms out there are adding Bitcoin futures contracts to meet demand. The risks are quite high, but so are the profits, and advanced traders appear to be quite optimistic regarding the future of crypto. Of course, the leverage can vary from one exchange to another, and some may provide 100x, while others only 10x.

Bexplus is one such platform, where traders can use 100x leverage, and not only for BTC but for any of the offered crypto products. The platform also offers additional benefits, such as the chance to win additional presents in “Lucky May,” a free BTC bonus for those who deposit BTC in their accounts, up to 50% invitation referral reward, and more.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by San Fermin Pamplona from Pexels

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

Continue Reading

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

Published

on

SonicX
READ LATER - DOWNLOAD THIS POST AS PDF

When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

Continue Reading

Elite