How much would you make on PrimeXBT by shorting BTC at its peak?
Buying cryptocurrencies is an investment into ones future, but most people just buy them in order to ear some profit. The act of buying and using crypto would mean supporting the concept itself. Unfortunately, as far as cryptocurrency price goes, the year of 2018 has brought us nothing but misfortune. People that bought in at the price peak during the December or 2017 have lost a big portion of their investment, but a small minority actually managed to make some amazing gains for themselves.
So how can one actually earn from the falling markets?
The concept of short-selling
Many people invest their funds, betting on the upside. This is the concept of buying an asset and selling it when it reaches higher price. But there is a way to earn from the falling markets as well. It is called short-selling or shorting.
Shorting is a complex process where the trader “borrows” an asset from the trading platform, selling it and returning the money to the platform. If the price of the asset has fallen in the meantime, the trader has earned a profit. To make things simpler, shorting is nothing but betting on the price of an asset going down. It is the literal opposite of buying.
What does PrimeXBT offer?
If a trader/investor invested a portion of their funds in cryptocurrencies during the peak of Bitcoin’s price during December of 2017 (which reached up to $20,000 on some exchanges), they would have lost a lot of money. However, if they betted on the price going down by shorting, they would earn a considerable amount. With the lowest price being around $3,100, a one Bitcoin short entry during the peak would net $16,900! This gain would be realized without ever tinkering and rebuying/reselling Bitcoin to micromanage the gains. If that has been applied, the profit would be a few times higher.
However, this is nothing when compared to what could be done through PrimeXBT.
With PrimeXBT offering margin trading of up to 100x on both short and long positions, a trader could take the short position worth up to 100 Bitcoin, with only 1 Bitcoin worth of their money! This would yield an insane return on investment. Without micromanaging the portfolio, if they closed the short position at the low of $3,100, the trader would earn $1,690,000 with the same investment as the trader/investor in the previous example (portfolio would increase for around 8400%). If any portfolio management was also incorporated, the gains would be several time higher! A short entry trade worth one Bitcoin ($20,000 at that time) would set the trader for a considerable amount of time.
Visit PrimeXBT and trade safely and with the best tools on the market!
