"I don't have much money to invest bitcoin, I feel like I missed out the whole bull market."
FOMO sentiment is quite torching, especially when you have few money available to buy bitcoins. Many people just keep holding 0.XX bitcoin at hand and only earned a few "bucks" as bitcoin is skyrocketing from $10,000 to $50,000, while smart traders have profited some BTC from 5% price movement with leveraged futures trading.
"I scare that my money would easily lose by trading futures contracts". Frankly speaking, high profitability is always along with high risks. This is a permanent truth in the market. However, we can manually control the risks by limiting the loss and guarantee the profits!
With BTC futures trading, you don't even need to buy bitcoin and hope it goes up! Just invest USD to profit from the market rising and falling. Of course, if you trade futures contracts with Bitcoin, you can earn more BTC as well as enjoy the appreciation in the crypto bull market.
And here's the great thing of 100x leveraged BTC futures trading:
l Hedging the loss if Bitcoin price crashes, and earn bigger if BTC price surges.
l Moreover, with 100x leverage, your buying power also enlarges 100x. With 0.01 BTC, you can open a 1 BTC long/short position.
l Increase the potential profitability 100%. When BTC market volatiles 1%, you would make 100% profits!
Useful Tips to Avoid Liquidation & Lock Profits Up
As mentioned above, trading BTC futures contracts, the potential risk also magnifies a hundred times. Hence, setting stop loss is a "must" used method to limit the loss and lock up profits. Different from the simple Stop Loss that your positions will be closed once Bitcoin reached the price you set, trailing stop can help you enhance the efficacy of stop loss and lead to a win trade.
For example, suppose you set a primary stop loss price at $48,000 if you opened a long position when BTC prices at $50,000. If BTC climbs to $53,000, you can adjust the stop loss to $50,000. In case Bitcoin switches its direction and start to decline, you can also avoid the loss.
Sign Up and Claim 100% Deposit Bonus
Bex500 launched a 100% deposit BTC bonus recently. With a minimum deposit of $300 or 0.01 BTC, you can enjoy $600 or 0.02 BTC credited in the account. The bonus can be used in trading and 100% withdrawable!