The potential Ethereum hardfork has speculators running wild about what might happen with ETH/BTC or ETH/USD, the main pairs to exchange Ethers for.
Ethereum is a new cryptocurrency and people might not be comfortable holding something they don't understand if they just trust bitcoin. Luckily you can use bitcoin only to short ETH and profit while the price goes down!
Normally to make money when the price goes down you have to borrow the asset and sell it, then wait for the price to drop, and buy back the assets with the money you earned from selling before, for a cheaper price. But at Bitcoin Futures Guide, we are exposing you to much easier tools to profit while the price falls: futures contracts. Over at our friends BitMEX, you can very quickly deposit your bitcoin and then simply allocate margin to a position short on a contract. The orderbook is very liquid and it's simple to place contract orders:
Ethereum is a new cryptocurrency and people might not be comfortable holding something they don't understand if they just trust bitcoin. Luckily you can use bitcoin only to short ETH and profit while the price goes down!
Normally to make money when the price goes down you have to borrow the asset and sell it, then wait for the price to drop, and buy back the assets with the money you earned from selling before, for a cheaper price. But at Bitcoin Futures Guide, we are exposing you to much easier tools to profit while the price falls: futures contracts. Over at our friends BitMEX, you can very quickly deposit your bitcoin and then simply allocate margin to a position short on a contract. The orderbook is very liquid and it's simple to place contract orders:
Each contract represents 1 ETH, so it's very intuitive for you to simply enter the number of ETH you would like to short, and in your account it's just all bitcoin. So if ETHXBT (based on the ETH/BTC rate from spot exchange Poloniex) goes down 1%, and you are on 25x leverage, you learn 25% return on your bitcoin!
Think about it: if you deposit 1 bitcoin at BitMEX and select moderate leverage of 25x, and ether falls BIG TIME, 25% if the hard fork goes bad then you earn a return of 25 x 25% = 625%, that's a 7.25 BTC profit on your initial 1 bitcoin of margin you put down.
Getting started is easy, head on over to BitMEX, sign up, and try trading with a small 1 contract until you're comfortable to make real trades.
Think about it: if you deposit 1 bitcoin at BitMEX and select moderate leverage of 25x, and ether falls BIG TIME, 25% if the hard fork goes bad then you earn a return of 25 x 25% = 625%, that's a 7.25 BTC profit on your initial 1 bitcoin of margin you put down.
Getting started is easy, head on over to BitMEX, sign up, and try trading with a small 1 contract until you're comfortable to make real trades.
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