$29,700 Profit In 90 Seconds Trading Bitcoin On PrimeXBT
The mood in the cryptocurrency market has left much to be desired for months. The market is in a deep correction and forced not a single hundred traders to exit long positions, breaking through more and more psychologically important price lows.
While some believe that the days of cryptocurrencies are numbered, others are buying up cheaper coins and looking for positive triggers to start a new growth. For example, we considered the analytical article of the PrimeXBT trading platform on the growth of the market, based on the nonlinear logarithmic regression of the bitcoin rate.
Another trigger, according to Prime XBT, may come forward «halving» on the Bitcoin network. What it is?
Every 210,000 blocks in the Bitcoin network occurs the so-called «halving» or reducing the reward to the miner for the found block by 2 times.
First «halving» took place on November 28, 2012, the reward decreased from 50 BTC to 25 BTC for the found block.
Second «halving» happened on July 9, 2016, the reward decreased from 25 BTC to 12.5 BTC for the found block.
The next one will take place on May 28, 2020, after which the reward will decrease to 6.25 BTC per block.
Anonymous analyst under the nickname «PlanB», on his Twitter, posted an interesting observation that the course «cue ball» begins to grow almost immediately after «halvinga». At the moment, the price is in the green zone, as it approaches «halving», the price will move to the blue and blue zones, then the red and orange zones – these are growth zones. In fact, the market has a year and a half in stock before a new dynamic growth in the value of the coin to $ 100,000 and above..
Could this be true? This observation is not surprising, since «halving» – this is an extremely positive impact on the development of bitcoin. It limits the emission and eliminates inflation of the coin, like fiat money, the emission of which is not limited. A two-fold decrease in the reward for finding a new block makes bitcoin even more valuable, as it becomes more and more difficult «to mine», a coin deficit is formed, which leads to an increase in its value.
However, do not think that Bitcoin will fall or remain at the same level until May 2020. Based on historical data, approximately 12-14 months before «halvinga», the course gradually began to move upward. What needs to be done? We advise readers to make money on this, even if this event, for unknown reasons, becomes a negative trigger and pulls the market even lower..
To make money in a growing or falling market, you need to choose a suitable cryptocurrency trading platform. For example, a revolutionary platform – Prime XBT.
What are its main advantages over other platforms and major exchanges?
- Prime XBT does not restrict the registration of new customers, as cryptocurrency exchanges did in late 2017 and early 2018. Those who wanted to trade went to less secure and well-known exchanges, which either closed with clients’ money, or were hacked.
- The Prime XBT platform reserves the legal right for users to remain anonymous. There is no need to go through the KYC procedure (identity confirmation).
- The best price for clients with any order volume is achieved thanks to the aggregation of liquidity from 12 providers.
- Adjustable leverage from 1: 1 to 1: 100 allows you to multiply your profits and enter the market with a small capital, which is important for beginners in trading. Unlike other cryptocurrency exchanges, Prime XBT it is possible to open short positions (for sale) using a leverage of 1: 100.
- A growing market is impossible without consolidations and deep corrections; some investors’ accounts may not withstand drawdowns. To avoid losses, Prime XBT offers the opportunity to open an opposite position, thereby – hedging risks.
- Often, you have to wait days or even weeks for a response from the support service of various trading platforms. Prime XBT support service works 24 hours a day, 7 days a week, responding as quickly as possible to customer problems.
- The functionality of the Prime XBT platform is customized for specific tasks and requests of both experienced investors and newcomers to trading. Comfortable trading conditions help to increase clients’ profits.
- Mobile applications for smartphones and tablets based on iOS and Android operating systems enable a trader to work from anywhere in the world.
These are just the main advantages of the Prime XBT trading platform, to find out even more details, apply for a free account on the official website https://primexbt.com. Make sure that PrimeXBT is unique and don’t forget to share the article with your friends if you found it useful.