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Bitcoin Has Fluctuated Sharply Recently: the Best Moment to Use Leverage Trading – Cryptonews

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Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
The crypto globe experienced a sharp fall and rapid ascent for the tensions between Russia and Ukraine. Just in two days, the Bitcoin price fell from $39K to $34K, and then rose back to 39K, fluctuating over 20% back and forth. If you hold the Bitcoin spot, you can’t get any profit in this volatility. If you hold it from the ATH of $68K in November last year to now, your assets have shrunk by 44%.
However, if you use 100 times leveraged futures trading, you can make profits regardless of whether bitcoin goes up or down and multiply your profits by 100 times. If you could predict the market trend yesterday, you would have achieved an ROI of than 2000% in the volatility. All of the savvy investors tend to opt for 100 times leveraged trading. That’s why leveraged trading has caught on. 
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 short contract at the price of $39,000 and close it when Bitcoin is trading at $34,000, our profit will be ($39,000 – $34,000) * 100 BTC / $34,000 = 14.7 BTC, making the ROI of 1470%.
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A quick 3min read about today’s crypto news!

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He is currently Editor at Inferse.com. He is a political columnist for the Finger Lakes Times, Eiram.org, and is the co-founder of InFocus.co. His passions include politics, golf, the media, and gadgets.