You are not actually buying or selling bitcoin, you are betting on it with your capital deposited. This is high risk, high reward game, you can be millionaire only within 1 hour or you may loose everything.
Bitmex in Falling Crypto markets:
Bitmex gives you the opportunity to turn bear markets into a profitable trading. who aren’t using Bitmex is limiting their opportunities and denying themselves the ability to trade Short and profit from declining prices.
You know crypto market reached its highest on 8 January 2018 of $828 billion, and then fell by 70% to $243 billion on 1 April 2018. That time those used Bitmex got 500% profit, even more than that you just can't imagine. Market bullish or bear don't matter you can earn a decent profit using BITMEX.
You can buy 1 Bitcoin with 0.1 BTC by buying a 10x leveraged position. You pay only 10% Initial Margin. You can also short the Bitcoin price (profit from a fall in its price) by Selling the Contract. The most you can lose is your Margin.
The higher the leverage, the less you place at risk. But the greater the likelihood of losing it.
Before we begin you have to have a Bitmex trading account. Using the link here to register gives you a 10 percent discount on transaction fees for the first six months.
Bitmex Trading Strategy:
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The most simplest and basic trading guide is by using the #Moving average lines to open a Long/Short trade using the MA Crossover Strategy where
— Bullish Trade if a smaller time frame line crosses upwards a bigger time frame line (e.g) 20MA cross upwards breaking 100MA.
— Bearish Trade if a bigger time frame line cross upwards a smaller time frame line (e.g) 200MA cross upwards breaking 20MA.
• Green Line — 20 Day Moving Average
• Yellow Line — 50 Day Moving Average
• Red Line — 100 Day Moving Average
• Blue Line — 200 Day Moving Average
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Newbie Mistakes:
- Fund Management : Use only 50% of your total fund.
2.High Leverage : Use max 25% leverage
3.Opening Bigger Positions: Try to open small position at first and gradually increase it.
I am not any financial advisor nor any crypto expert. So invest and trade at your own risk. Thank you.