The cryptocurrency market has been fighting with a dangerous typhoon recently since the panic sell-off brought about by US stocks and FED’s policy flip. Bitcoin (BTC) price plunged below $30,000 on May 10, dropping by 19% in 5 days. And this plunge has also made more people apprehensive. The Fed hikes interest rate, the US stock market plunge and other events, all of these show that Bitcoin may experience a hard time. However, a number of factors suggest that now is the best time to buy the dip.
The Greed Index Reflects That the Market Should be “Hot”
Warren Buffett once said, ‘Be greedy when you are fearful’. When analyzing the current sentiment of the Bitcoin market, 0-100 is often used to indicate fear and greed sentiment. Zero means “extreme fear,” while 100 means “extreme greed.” When investors become “too greedy”, it means that the market will adjust, and when the index points to “extreme fear”, it illustrates that investors are too worried, but it also indicates that it is a good opportunity to buy bitcoin. Smart investors can accurately identify market signals and seize every investment opportunity. This big drop may also bring comparable opportunities.
The Best Time to Bottom out Bitcoin
Since reaching the all-time high of $69,000 on November 10 last year, BTC has fallen to around $32,000, falling by 53%. In other words, if you bought a Bitcoin spot at $69,000, your assets have shrunk by 53%. Even if Bitcoin revives next, it will be difficult to make gains in the short term.
However, there are still some traders who earn more than 1000% return in such an extreme market. They are using one of the most popular investment methods at present: Futures Trading with 100x Leverage.
What is the Difference between Futures and the Spot?
The traditional spot can only buy up and wait for the rise to make a profit. With 100 times leveraged futures trading, you can either buy up (go long) or sell down (go short), which means that you can take profits whether the market rises or falls. What’s more, you have 100 times leverage to magnify your profits.
How 100x Leverage Works?
With 100x leverage applied, traders can use 1 BTC to open a position of 100 BTC by going long (predicting BTC price will be up) or going short (predicting BTC price will be down). If we use 1 BTC to open a long contract at the price of $32,000 and close it when Bitcoin is trading at $37,000, our profit will be ($37,000 – $32,000) * 100 BTC / $37,000 = 13.5 BTC, making the ROI of 1350%.
Recommended 100X Leverage Trading Platform
Bexplus is a leading crypto derivatives trading platform offering 100x leverage futures trading on various trading pairs: BTC, ETH, ADA, Doge, XRP, etc. Bexplus doesn’t require KYC and is popular among over one million traders from over 200 countries/regions. In addition, it is safe for being accredited by U.S. FinCEN MSB (Money Services Business).
Other Notable Features of Bexplus:
- Demo account with 10 BTC for traders to get familiar with leverage trading.
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In this slump, opportunities are everywhere. Smart investors always know to seize the key moment to enter the market. Don’t miss the best time to profit! Click Here to register and get your 100% bonus!