Investors profoundly affected by the cryptocurrency market meltdown this month have binary options trading as a choice to make money. This selection involves short-selling or shorting a cryptocurrency during the bear market.
We understand that many of our readers are cryptocurrency and binary options trading participants. We believe this informative article can help them financially recover, especially during these financially challenging times.
According to the educational article posted online by Analytics Insight, a media platform delivering the latest reports and information on technology, robotics, artificial intelligence, and big data, binary options trading is one of the ways to short-sell a virtual asset during the cryptocurrency market turmoil.
This trading type is a financial instruction also known as fixed-return or digital options and involves trading market assets like indices, stocks, and commodities such as gold and oil.
Moreover, binary options trading has become well-received and popular in recent years because it is a low-cost and low-risk system.
The fixed odds offer cryptocurrency investors the choice to wager on the potential movement of a crypto-asset. This kind of trading on the markets minimizes the hazard an investor is exposed to in a single trading session.
Binary options trading is one way to short-sell a cryptocurrency during a bear market. Short-selling or shorting the virtual currency involves borrowing a crypto-asset from a broker.
Then, the investor-borrower immediately trades the cryptocurrency for other cryptocurrencies or stablecoins. He purchases the virtual asset back after its trading value falls while pocketing returns or profits.
For example, a virtual currency investor borrowed US$1,000 worth of Bitcoin when its trading price was US$30,000 just last week.
Then, this risk-taker sells the flagship cryptocurrency for US$1,000 worth of stablecoins. With Bitcoin’s trading price today worth about US$22,000, the cryptocurrency investor purchases the same amount of Bitcoin he borrowed approximately 0.033 $BTC for merely US$726 and makes a US$274-profit.
Short-selling a cryptocurrency during the cryptocurrency market meltdown via binary options trading is a favorable method to make money as investors rake in financial returns when the crypto-asset’s trading price plummets.
We understand that many of our followers may have been adversely impacted by the cryptocurrency market crash this month or the previous month. This detrimental event placed most of their investment portfolios in the red.
Hence, we recommend our readers try binary options trading to short-sell a cryptocurrency. We think this technique of making money is ideal, especially for investors who believe a cryptocurrency like Bitcoin will likely crash in the near future.
We also understand binary options trading enables trading participants to relish the possibility of raking in a 100-percent return in a few hours amid a cryptocurrency market disaster.
Indeed, we think binary options trading is an interesting prospect, making this financial activity the safest and preferred method of making money in today’s precarious bear market.