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FOMO Alarmingly High, Is Now Too Late To Trade Bitcoin?

 
FOMO Alarmingly High, Is Now Too Late To Trade Bitcoin?
Breaking News / Bitcoin / More News

After months of inactivity, Bitcoin has woken up and stood above $12,000. According to Glassnode, 75% of Bitcoin wallets are in a state of profitability. The FOMO mode, or fear of missing out, could be seen in the market and many people wonder whether they are too late to the party. 

Bitcoin holding above $10,000 is not a common occasion, as it has only been trading above this level for over 27 weeks in history. So the fact that Bitcoin is still standing firm above this level despite the sell-offs in the past two weeks, indicates that this could really be the bull-run we are waiting for. 

However, currently, the Bitcoin fear & greed index is 82, signaling extreme greed sentiment in the market. Major corrections often come when the market reaches extreme greed. So retail traders who FOMO into the market and want to hold some coins should remain cautious. 

Luckily, there are still ways to earn profit with Bitcoin no matter which direction Bitcoin is heading. 

Futures trading - a popular instrument for risk hedge and speculation

Bitcoin futures trading enables traders to long or short Bitcoin, so even when Bitcoin price is decreasing, traders could gain profits from it. 

For instance, if we have 1 BTC and invest it into the spot market, we would only lose money if the price of BTC declines. But if we open a short contract with that 1 BTC when Bitcoin is trading at $12,000 and sell the contract when it declines to $11,000, here is what our profit will be:

Profit = ($12,000 - $11,000) * 1BTC/$11,000 = 0.09 BTC

The more BTC price declines, the more profit we could earn by shorting BTC. This also applies to the scenario where bitcoin continues to surge.

Another key feature of futures trading is leverage. With leverage, we can invest a small amount of money to open a larger position and amplify the profits if bet in the right direction. So even if the market only moves a little, leverage could help us make substantial money. For instance, if we employ 100x leverage in the mentioned trade, our profit will increase 100 fold from 0.09 BTC to 9.09 BTC, and all we need to invest in is 1 BTC. 

Where to trade 100x leverage BTC futures?

As long as there are price fluctuations, traders can earn profit with futures trading. If futures trading is your thing, the next thing you should consider is finding a user-friendly crypto exchange. Bexplus is a world-leading cryptocurrency futures exchange, offering Bitcoin, Ethereum and Litecoin, XRP and EOS perpetual contracts with 100x leverage. Bexplus is a go-to exchange for many beginners with its user-friendly and well-designed trading interface.

  • Demo account with 10 BTC

Bexplus is one of the few exchanges that offer a free demo account, which puts you through its rules and trading widgets.

Upon registration with email (no KYC needed), traders will instantly be given a real account and a demo one. Inside the demo account is 10 BTC for traders to practice and try out strategies as much as they like. 

  • BTC Wallet: up to 30% Annualized Interest Without Any Risks

Bexplus users can gain profits not only from trading. Join the Bexplus wallet to earn up to 30% annualized interest without taking risks. With up to 30% annualized interests, it is no doubt one of the most profitable rates in the industry. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.

  • P/L Calculator

Before opening a contract, traders can calculate the estimated profit/loss and fee on the P/L calculator. So they can enter the trade with a clearer head.

  • Trade Freely on Android & iOS

The top-ranking Bexplus app integrates all the necessary functions and tools (real-time charts, a variety of indicators, news alerts and etc.) while keeping a minimalist and intuitive interface. With the Bexplus app, you can manage your account anywhere and anytime you want. Furthermore, the 24/7 notification could keep you updated with big price movements, making it easier to secure your positions.

  • Deposit Activity to Earn 100% BTC Cashback

Deposit BTC in the Bexplus account and you can earn a 100% BTC bonus, which can also be used to trade futures contracts. The more deposit, the more bonus you will get. Up to 10 BTC is available for each deposit. 

A successful trader always diversifies his/her strategies and adapts to the market changes. Bexplus offers you infinite opportunities to earn profits. Don't hesitate to join Bexplus and claim your bonuses!

Follow Bexplus on:

Website: https://www.bexplus.com/

Telegram: https://t.me/bexplusexchange

Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8

Google Play: https://play.google.com/store/apps/details?id=com.lingxi.bexplus

 

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