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Title: How to make an earning trading only BTC with less than 1K USD Post by: zekarsalih on November 04, 2017, 11:47:04 PM Do you think you got what it takes to trade BTC? But you don't think you have enough starting capital?
I had the same problem untill I saw Bitmex a while ago. I tried it, they were legit and payd out. I liked it for the "trollbox" aswell. I used to trade poloniex a lot, the Development was really bad on their platform. Bitmex might have nothing to do with poloniex, but its just as profitable (now a lot more profitable actually). The costs to open a contract are really low on bitmex. See it like this: You have 1K usd. You see that the price of btc broke 7k and u want to speculate on an upwards movement to 7.7k. You buy 1 BTC in contracts ( 7000 USD contracts / 7x leverage ). Do not even worry about the fee's here. The BTC P-Swap contracts (first BTC option on bitmex trading) has a fee per 8 hours but never ends. The second option ends december 2017 but has a 1 time fee only and IMO is better for trading waves / paterns. If the price goes to 7.7K you will get 700k profit which is 70% of your Equitity so your ROE would be 70%. The total increase in BTC value however is only 10%. Ofcourse the same counts on downwards movements. I use bitmex mostly on breakouts and am very carefull with using to much leverage. Using more than 1 Bitmex account also helps to reduce risk :) sometimes you get tempted to overbuy positions. Hope you guys agree that Bitmex is the place to trade with low investment _+ decent trading skills. here my steemit on it: https://steemit.com/trading/@kurd/how-to-trade-crypto-with-100x-the-amount-you-actually-own-leverage-trading-100x Using a refferal code gives you 10% discount on fee's for 6 months. I won't post my link but if you check my steemit you'll see. My current refferal team (12 people) have traded nearly 6k BTC in the past month. We trade together 2 times a week. LMK if you want to take part. |