Welcome to MCS, the world-class derivatives trading platform where traders ALWAYS come first.
With the Bitcoin halving fast approaching, the Bitcoin price has started to show a decline from US$9,950 since May 10 at 9 am. Bitcoin previously has fallen to approximately US$8,100 but recovered to USD$8,819 on the very same day.
The Bitcoin price has shown an upward trend in the past 2 halvings. However, considering the outcomes of some of the altcoins that recently had their halvings, it's too soon to judge. Cryptocurrency traders around the world are keen on bitcoin's price movement as several trading and data-specialized news outlets continue to publish opposing opinions.
Perpetual contracts, a realistic alternative over HODLing
As for cryptocurrency spot trades, there is no way to make profits off the Bitcoin price drop. However, perpetual contracts like MCS can be leveraged to generate revenue even in bearish markets as shorting orders can be submitted to profit on the price drop. Strategic hedging trades are also possible with one position going short and the other long with different leverages.
No one knows whether the upcoming halving will reenact 2017's bull market until the day after tomorrow, but you can start your strategic trading and hedging experiences here at MCS, regardless of the price rise or fall.
Please follow MCS column and predict the price trend after the halving.
📍 Series #1: Bitcoin halving is just around the corner, and it’s time to turn your eyes from spot to derivatives.
📍 Series #2: THE PREDICTED EFFECT OF BITCOIN HALVING FROM THE PAST HALVINGS OF ALTCOINS
MCS will consider traders at the first.
MCS Website: https://mycoinstory.com/
MCS Official Twitter (EN): https://twitter.com/mycoinstory_mcs
MCS Official Facebook: https://www.facebook.com/MyCoinStory.official
MCS Telegram Chat (EN): https://t.me/mycoinstory_EN