As the world adjusts to grim economic and political conditions due to the pandemic, we see the rise of global traders becoming more interested in Bitcoin. We found out about how people feel about investing in Bitcoin, examined their thoughts on the high price, and present a way for people to trade Bitcoin for just $6 only.
Bitcoin’s Historical Prices
Bitcoin first started trading from around $0.0008 to $0.08 in July 2010 per coin. Today, January 17, 2020, it is within the $34,000 range.
Bitcoin Made Billionaires
Despite its volatility over the years, this has created a handful of Bitcoin billionaires – early adopters who recognized a profitable opportunity and started accumulating or mining in the early days and held on. Bitcoin’s billionaire list include:
- Barry Silbert
- Blythe Masters
- Dan Morehead
- Tyler and Cameron Winklevoss
- Michael Novogratz
On top of that, every year, Bitcoin seems to dominate news headlines. There are also a rising number of traders boasting 50% to 1,000% return on investment with snapshots of their Bitcoin trade using leverage.
Bitcoin Analysts and Advocates Sees Prices Rising Even Higher
On January 4, 2021, Business Insider reported that JPMorgan had included in its note stating that Bitcoin could stage a monster rally in 2021 and reach $100,000. Still, pricing at that level “would prove unsustainable. With a market value of $575 billion, bitcoin would have to surge to $146,000 to match the total private-sector investment in gold via exchange-traded funds or bars and coins.”
JPMorgan still sees bitcoin competing against gold as an “alternative” currency, with millennial investors preferring the “digital gold” over traditional gold and driving demand for the cryptocurrency.
Tyler and Cameron Winklevoss, early bitcoin investors and co-founders of Gemini, a crypto-exchange, think the currency could someday hit $500,000. They also feel that more people will use it as hedge inflation instead of gold (Source: CNBC).
Perhaps the most extreme prediction of all came from former Goldman Sachs hedge-fund chief Raoul Pal. In his interview with Markets Insider, Raoul stated that the price of Bitcoin could hit up to $1 million in five years. Raoul himself has allocated more than 50% of his capital to Bitcoin. He expects a wave of institutional funds to adopt the digital currency. They realize the economy will take a long time to recover from the Covid-19 pandemic.
What do ordinary traders feel about this?
Reading these news headlines and social media posts, traditional traders and the public can easily experience FOMO or fear of missing out on this latest hot investing trend.
For example, in social media groups such as Bitcoin Malaysia #1 Group, experienced traders would share Bitcoin’s surge in share prices. This would prompt other novice traders to comment about how they would like to wait for the right price to buy-in.
Some are also anxiously waiting for the price to drop before buying in.
This sentiment seems to be in forums and other parts of the Internet as well.
For a majority of traders and investors, many are still hesitant to put a large chunk of the portfolio into Bitcoin. Concerns range from it being too risky to it being too pricy.
Fortunately, there is an affordable way to trade Bitcoin without sinking in a large sum of money or exposing yourself to too much risk.
What if you can trade Bitcoin from just $6?
It is best to keep your goals in mind and do research before putting your money into Bitcoin. This includes assessing where you are financially and finding a trustworthy platform to safely trade Bitcoin until you understand the market better.
For that matter, Level01 guarantees a fair trading environment. It equips each trader with AI-technology to guide them in derivative trading. Derivative trading means you do not have to own an asset such as Bitcoin, Gold, or Forex to trade. Instead, you speculate on its price movements and profit from it. Leve01 is the world’s first DeFi platform with AI-guided derivatives trading that gives you the following advantages:
- You can trade in the ultimate fair derivatives trading platform.
- It is decentralized. Peer to peer options trading also enables you to take home more profits.
- Level01’s FairSense AI calculates contract Risk/Reward ratios to help you decide on your trades and increase your wins.
- You get peace of mind because Level01 obtains reliable data from Bloomberg and Thomson Reuters.
- Your money is yours, and you control your own funds. Level01’s mobile app includes a non-custodial private wallet.
- It is very transparent and reliable because of its blockchain-based smart contracts.
- There is no tampering. Settlement finality is on the Ethereum blockchain.
- You can trade derivatives in multiple markets: Forex, Crypto, or Commodity.
- It is easy to use. You can generate profits from price movements or hedging.
And best of all, you only need $6 to start trading on Level01. It is because the minimum funds required to create a derivative contract for trade is 100 LVX. LVX is Level01’s native token. At current market value, you can purchase LVX at approximately $0.06 per LVX. Thus 100 LVX is $6.
With $6 or 100 LVX, you can create a derivative contract on Level01’s mobile app, indicating if Bitcoin’s price will go up or down. Just set the details of your contract’s strike price and date with 100 LVX, and Level01’s Fairsense AI will calculate your win or lose ratio for you based on your selection. This means you get to see the odds of you winning your Bitcoin trade live. Fairsense AI provides you the win ratio from when your contract is created even till after your contract is formed. Upon winning your trade, your funds are transferred directly into your wallet.
How to get started trading Bitcoin derivatives on Level01
Suppose you are excited to start trading Bitcoin but cannot afford its enormous price tag. In that case, Bitcoin derivatives on Level01 are the best way to get started.
It is easy to set up your Level01 app and will only take a few minutes:
- Visit Google Play Store to download your app.
- Read our Quickstart Guide.
- Set up your wallet here.
- Choose either demo mode or real mode on the Level01 app. If you intend to start trading using the real mode, please purchase your LVX tokens here. Otherwise, try the demo mode. It comes with free 10,000 LVX tokens.
Try the world’s 1st DeFi Platform with AI-Guided Derivatives Trading APP: Level01 APP
APP Quickstart Guide: https://level01.io/quickstart-trading-guide/