Most of the cryptocurrency holders have never felt a day so bad.
After a blustering day of trading which saw Bitcoin price drop from $7,950 to $3,800, the massacre caused the worst sell-off to set a new 2020 low which not seen since April 2019.
The history of bitcoin only has a day in 2013 to compare a 40% fall, at that time bitcoin once dropped from $266 to $50, that was also a day when despair defeated the belief of bitcoin and almost no one could foresee bitcoin can recover and prices will reach $10,000 in a few years.
“Be fearful when others are greedy and greedy when others are fearful.” This is what Warren Buffett said about stock market and you can see the stock market never dies, it is just rise and fall happen in a different order at different times.
So it is with bitcoin. The bitcoin meltdown is a chance for a few bitcoin traders while the others are running away.
One typical way is to short bitcoin. Futures trading allows traders to make profits out of the future price difference of the derivatives. However, when during horizontal movement of prices, futures trading may gain you fewer profits to cover the possible loss of the margin.
Is there any trading tool to short bitcoin but you don’t need to lock bitcoin as margin?
Yes, options trading is the tool to gain profits if you can predict the right direction of price movement.
Options Trading: Higher profitability than futures trading
An option is a contract that does not require you to buy or sell an underlying instrument but you have the right to take profits on the change of its value.
For example, if you trade options over BTC and predict its pricing to go down. If it goes down (no matter how big or small the change is), you take the profits. All you need to do is predict the right direction of the market, and open options to automatically sell to other traders who hold the opposite option.
You can buy options of all cryptocurrency including ETH, LTC, EOS, and XRP but don’t need to swap your current currency. Using bitcoin to trade options over all the other kinds of cryptocurrencies saves all the swap fees for you.
How to make profits with options trading? See below how to double your bitcoin every 60 seconds.
IE Option: It is EASY to make options trading to gain up to 91% profitability
IE Option, registered in London, United Kingdom, is an options trading platform operated by a team of blockchain experts and financial professionals. IE Option focuses on cryptocurrency-based financial derivatives including BTC, LTC, ETH, EOS, and XRP.
The profitability is from 60% to 91%, the most popular asset is BTC/USDT which gives 81%. The 91% tier is in a private VIP room which requires you to apply in email.
Profitability means that if you open an option with 1 BTC and predict if the price will go up or go down 60 seconds later, and if the price goes as you predict, you will take 1.91 BTC back. If wrong, you will lose it. If it comes back to the original price where you bid, you will get 1 BTC back.
Simply put, as long as your winning rate is over 52.36%, you will earn more bitcoin than losing.
(If you make it right for the price trends where it will go 60 seconds later, you will take your margin and revenue together immediately.)
Easy Deposit & Quick Withdrawal
How to start your earning journey with IE Option?
Step 1: Create an account. IE Option cares about your privacy and does not ask for personal information, all you need to provide is simply to verify your email. The registration usually takes 30 seconds.
Step 2: Make a deposit. Bitcoin is accepted as the deposit crypto. You will get an exclusive bitcoin address to process your funds. The minimum deposit amount is 0.001 BTC. Once the bitcoin transaction is confirmed by the blockchain, it will be added to your account balance immediately. By the way, you can secure your account by enabling 2FA with your personal Google Authenticator app which will prevent fund theft from third-party devices.
Step 3: Learn and trade. IE Option offers 10 BTC in your demo account for practice use. On you’re prepared, switch to the Real Account, watch the K-line carefully and keep calm, find the right timing to place your first option and wait 30 seconds to show the result. The only goal you need to go for is to reach a satisfying winning rate.
Step 4: Withdraw your profits. IE Option provides a quick liquidation process, your withdrawal request will be handled within 2 hours, and if with your email confirmation, it will be accelerated to take only 30 minutes.
100% First Deposit Bonus
IE Option is giving away a 100% deposit bonus to limited new users. All first deposit will be automatically doubled within 24 hours, if not delivered promptly, please contact the support team in email as all new deposits are qualified. Simply deposit 1 BTC, then get 1 BTC bonus.
The deposit bonus can be traded in the same way as real bitcoin and you can withdraw its profits, more importantly, the amount of the profits is not limited.
Mobile App for Android & iOS
With mobile applications developed by IE Option Ltd., users can take this magical and powerful trading tool to your pocket with the same trading features from the website. Search IE Option trading app or go directly with the official links as follows.
About IE Option
Official Website – https://ieoption.com/
Google Play for Android Phone: https://play.google.com/store/apps/details?id=com.ie.option
Appstore for iPhone: https://apps.apple.com/tt/app/ie-option/id1492021667
Blockchain technology outshines Bitcoin and Gold during global pandemic
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…
Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC
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.
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
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…
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
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…