Bitcoin futures are not mere gambling although some traders have misguided opinions about the same. Betting on leveraging your position can cause trouble if you are not prudent and have experienced the volatility of the cryptocurrency market. If you gamble recklessly you may meet the same sad fate as some traders. Hence, you must make sure that you have studied the daily fluctuation and are also involved in daily futures trading in a small way. You mustn’t jump into the market just because your broker has offered you excellent leverage for the margin money you had paid. Only by thinking and studying all possibilities of the bitcoin futures should you attempt to go for the bet. In this way, you stand to gain over the long run by making more gains and perhaps reducing your losses on wrong bets. It is obvious that Bitcoin is the largest trading cryptocurrency in the world and hence its volatility can sometimes leave you shocked.
Again, it is better to select an exchange where you get maximum support and the best user experience. Only a few exchanges like the BTCC can handle not less than 14 major cryptocurrencies in the world and offer leverage of more than 150 x on the USDT perpetual market.
How to Read the Market?
You can read the market only by trading in small amounts on the exchange. A market like real life offers no clues unless you stick on to it for several years. However, with trustworthy exchanges like the BTCC, you gain insight into the cryptocurrency market much earlier as they are pretty supportive to traders and pass on as much information as they may need.
It is not possible to hold onto cryptocurrencies unless you have a large amount to invest as each crypto like Bitcoin may hold significant value. You can therefore try to take leverage by putting a small percentage of the borrowed money from the crypto trading platform so that you can square your position later on a future date and settle your account with your broker.
In the case of the above trading platform you get tips, alerts about market or political movements, and other information that may help you to take leverage or withdraw from the market. On the BTCC you also get yet another excellent service and it is that they absorb the losses if your account has turned negative.
You will find that crypto futures trading on the above exchange offers you top liquidity and price transparency. Pairing is yet another concept that can help you when the market experiences huge volatility. You can pair Bitcoin with Tether and you can get details about BTC/USDT trading pair and others from the exchange.
Pairing with a stablecoin like USDT will help you to withstand the shock of volatility as USDT is pegged to the US dollar. It is especially so if you are betting on bitcoin trading.
Client Support Cell
You can get support here for trail trading options if you are a beginner and get excellent advice so that your trading session is smooth and hassle-free.
The website also gives live telecasts of trading in different cryptocurrencies and their valuations.