Long vs short
Cryptocurrency trading is generally simple. If you are seeking riskier yet more profitable trading product, give margin trading a try. With Bexplus' advanced, simple trading interface, you can leverage up to 100x go long or short positions on a variety of cryptocurrencies.
Up position (Long)
Supposed that BTC now prices at $10, 000 and you predict that its price will increase to $10, 500, noticing some positive news to BTC market, so you open a 10 BTC position to long BTC. With 100x leverage added, only $1, 000 is required as margin.
If BTC price did surge to $10, 500 with the increasing rate of 5%, your profit would equal to
Down position (Short)
If you found that Bitcoin fails to reach the newly higher and signals a downward trend, you can choose to open a short position. For example, you invest in $1, 000 to enter a 10 BTC short trade at the price of $10, 000 (1:100 leverage), predicting BTC would decline to $9, 500.
Suppose BTC falls to $9, 500 as your prediction, you would also earn (10*$500)-$1, 000=$4, 000.
Profit from Market UP
Profit from Market Down