How can you make money when the market trend is uncertain?

BigoMex
3 min readJan 11, 2022

Recently, BTC and even the entire crypto market have continued to slump. Many people are very confused with BTC, ETH, or some altcoins, and don’t know whether to buy or sell. Many authoritative analysts who regularly follow the crypto market tell us that it is time to buy BTC, the future of BTC is bright, but who can say for sure. Instead of waiting for the BTC bull market to arrive, it is better to make the USDT value on hand as large as possible.

BTC

How to increase the USDT value of the account? The affirmative answer must be that you have to change him. First, we ruled out spot trades, because at the moment he is not very profitable and that is risky. Which one would you choose, contract trading or options trading? If it were me, I would choose to trade options, why? Then you may want to understand the different characteristics of options trading and contract trading. The biggest difference between the two types is that the contract requires you to choose certain leverage. Although that will mean greater profits, it cannot be ignored at the same time. It is double-sided, which means that it also means more losses. . Options trading can control your risk very well. In BigoMex, you can freely choose the time to open and close a position, that is to say, you can open a position at any time (maybe long/short) that you think is suitable for opening a position. position, then close it after the 30s, 1min, 3mins, like the picture below

30s options
1min options
3mins options

If only because of the characteristics of this type of trading, you probably wouldn’t choose it at this time. Another reason why I think it can reduce the risk and let you choose him is that recently BigoMex rewards people who recharge for the first time. You can get 10% of the recharge amount after the first recharge. You can use This bonus can also be used to offset losses when you make a profit, which reduces your own investment amount and risk. Therefore, for users who have never recharged, the first recharge amount should be as large as possible, so that you will get more rewards, and you can withdraw the profit and the amount you recharged at any time. If you invite new friends to join BigoMex after depositing, both you and your friends will get reward coupons worth 15USDT, which can also be used for options trading. No matter which trading pair you want to trade on, this reduces risk and increases the chance of profit, and it would be a shame to miss out.

Deposit Bonus

Conclusion:

1. Do not conduct spot transactions when the market trend is uncertain and in a downturn

2. Contract trading is suitable for experienced players because leverage means greater risk

3. BigoMex’s latest “Deposit Bonus” activities and invite new friends activities can reduce your risk and allow you to get more profits

For more options trading methods, please click:https://bigomex.zendesk.com/hc/en-us/articles/360060005731-How-To-Trade-Option

https://bigomex.medium.com/learning-options-trading-real-case-studies-179054f580a3

For details of the“Deposit Bonus” activities, please click: https://bigomex.zendesk.com/hc/en-us/articles/4417461980685-Bonus-Deposit

--

--

BigoMex

The Global Professional Leading Cryptocurrency Trading Platform.