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October 23, 2019, 03:40:27 AM |
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Recently, a new generation of financial derivatives platform Bitoffer exchange officially launched options, a bitcoin options only less than $5, most of the users is impatient, eager to experience it. The most important feature of this product is whether the bull market or bear market, there is an opportunity to gain as much as 1000 times leverage.
In the meantime need no deposit, no handling fee, profit is high and risk is controllable at the same time, really attractive. Bitoffer’s chief analyst, Lucian, said the aim of the bitcoin options business is to provide investors with precise hedging and additional trading tools, as well as to enrich the market.
Bitoffer option provides 4 cycles, such as 2 minutes, 5 minutes, 15 minutes and 1 hour. Users need to select the option cycle when placing an order. For example, when the current price of bitcoin is $8,000, after analysis, you think that bitcoin is likely to fall in the next hour, so you open a one-hour put option, which costs $5 (USDT).
Sure enough, within the next hour after you issue order, bitcoin drops $500. The 1-hour expiration date will be automatically settled by the system without manual operation, and you will get a profit of $500 because you issue a put option. Considering that some friends may not be familiar with the above case, I made a comparison between Bitoffer option and spot, which seems relatively intuitive.
The difference between option and spot is as follows:
Bitcoin type Option: 1. Purchasing Cost 4USD 2. "Expect to be bullish, buy a call order Expect to be bearish, buy a put order" 3. Benefits and risks: Bitcoin went from 8,000 to 8,500 dollars Buy call option yields $500, Loss of principal ($4). Bitcoin dropped from 8,000 to $7,500 Buy put option yields $500 Loss of principal ($4)
Bitcoin type Spot: 1. Purchasing Cost 8000USD 2. Can only buy a rise 3. Benefits and risks: Bitcoin dropped from 8,000 to $7,500 $500 loss."
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