In this article, we are going to cover:
- What are Bitcoin Futures?
- What purpose do they serve?
- How you can benefit from Bitcoin Futures as a trader
Welcome to the World of Bitcoin
Bitcoin’s price rise is one for the history books – in 2010, you could buy 1 BTC for less than $0.10 USD. A decade later, the price of BTC was marching towards $50,000 USD.
Imagine if you had spent only $1 USD to buy Bitcoin in 2010 – that dollar would have turned into over $500,000 USD and climbing.
Now, imagine if you had been able to buy Bitcoin using 100x leverage – that dollar would have turned into $50,000,000 USD. This is the power of futures trading.
The Bitcoin Spot Market
Bitcoin’s story is still just getting started, and there is still plenty of time for you to get in and profit. When the Bitcoin blockchain went live in 2009, there were no exchanges to purchase cryptocurrency from. If you wanted to buy Bitcoin, you had to find an OTC broker in an online forum, or mine them yourself. Back then, it was still possible to mine Bitcoin using your home computer.
In 2010, the first spot Bitcoin exchanges started trading – “Bitcoin Market” launched in March, and the infamous “Mt.Gox” opened its digital doors in July. The spot market refers to any trade where settlement happens instantly – like on the Stock Market, or selling gold for cash at your local jewelry store.
In the crypto world, the spot market includes:
- OTC Brokers
- Instant Crypto swaps
- DeFi Swaps
- Crypto ATMs
- Peer-to-Peer Trading
What is the Futures market?
The futures market refers to any transaction in which the exchange of goods happens at some point in the future. In contrast, the spot market refers to any transaction in which the exchange happens immediately.
Futures trading is considered as a derivative. Derivatives are financial instruments that get their price from another asset. For example, a Bitcoin futures contract derives its price by using the price of Bitcoin on the spot market.
When trading futures, it is not necessary to purchase the full amount of the contract up front. Instead, only a small percent of the total value of the contract has to be paid – this is called the margin. Since futures contracts settle in the future, the full balance is due at time of settlement.
To understand futures better, let’s look at an example of an individual Bitcoin miner who uses the futures market to protect himself from volatile price swings and lock-in profit on the mined and to be mined bitcoins. The miner is running a business and has expenses – the mining rigs cost money to upgrade, run, and maintain. By utilizing a futures contract on the mined bitcoins, the miner can lock in a guaranteed price, and protect himself from volatility.
How Bitcoin Futures benefits active traders
Active traders, as well as institutional investors, often find that they prefer to work in the futures market. Futures markets are very liquid, making it very easy to enter and exit trading positions. For example, more volume is traded on Bitcoin futures exchanges compared to Bitcoin spot exchanges – billions of dollars more.
Futures trading aso provides more trading opportunities compared to the spot market. For example, being able to trade on margin allows traders to gain more exposure to the market. Many crypto futures exchanges allow for leverage up to 100x, meaning that for every $1 of margin the trader has $100 of exposure.
Let’s expand on the previous example of the individual Bitcoin miner. This time, imagine a Bitcoin mining company that has warehouses full of mining rigs, full-time employees, and lots of electricity bills and maintenance costs.
This company can use the futures market to hedge against price volatility, and capitalize on price swings to further increase their profits. By using leverage, the mining firm only has to put up a portion of the total value of the contract. This allows the firm to employ trading strategies to maximize their profit – shorting BTC at market tops and going long on market bottoms.
The Power of Leverage
While trading on margin, traders can get more exposure to the market for their capital. Crypto trading platforms typically offer leverage ranging from 1x-100x. On the Drixx trading platform, traders have the option to use leverage up to 100x. In addition to leverage, traders can stake some of their funds with Drixx, and earn a 10% APY in the process. Due to leverage, traders can still gain more market exposure, even after staking funds with Drixx.
Let’s take a look at how this would work in practice. Imagine you have $1,000 USDT in your trading account. With 25x leverage, your market exposure becomes $25,000 USDT. If you were to put half of your balance towards staking with Drixx, you would be left with $500 USDT worth of market exposure. When you factor in only 25x leverage, that $500 USDT becomes $12,500 USDT of market exposure. At 100x leverage, the $500 USDT becomes $50,000 USDT of market exposure.
To summarize, on Drixx you can:
- $1,000 USDT account balance
- Half of account balance, $500 USDT earning 10% APY
- Due to leverage, trader is able to trade with market exposure greater than account balance, while still earning 10% APY on his account balance
How Bitcoin Futures benefits the economy
The futures market in the traditional economy was initially created because of price volatility. Merchants and farmers needed a way to hedge against volatile price swings by keeping their costs fixed. This practice drew in investors, speculators, and traders. Today, the futures market is an integral part of the financial system.
The cryptocurrency ecosystem is young and growing fast. The introduction of futures trading allows the market to mature – more liquidity is poured into the crypto ecosystem, and institutional investors have an onramp they are familiar with to start trading these financial products.
More liquidity in the market leads to more efficient price discovery, which is a very important aspect of a healthy market. The crypto ecosystem is young, and still experiences a significant amount of volatility. For a healthy crypto economy to emerge, a reputable source for accurate pricing needs to be available, with minimal deviation across market prices.
When markets are volatile, the depth of the order book plays a key role in determining how far the price will rise or fall. When a spot exchange has a shallow order book, volatile price swings will be more dramatic compared to more liquid exchanges.
During times of volatility, the price across spot exchanges for cryptocurrency can vary. To minimize the difference in price, futures exchanges use an index price. The index price is an exchange weighted average of selected spot exchanges. By using multiple exchanges to form the index price, futures exchanges are protected from relying on one spot exchange having volatility that isn’t seen across other exchanges.
These index prices are then used by all types of crypto service providers to reflect the real time price of Bitcoin and other cryptocurrencies. With accurate data, a positive feedback loop is formed among market participants, helping to drive the crypto economy forward.
How to get started trading futures on Drixx
Drixx is a new, next-generation trading platform, with a powerful peer-to-peer trading engine that can process thousands of trades per second. Getting started trading crypto futures with Drixx only takes a few minutes – sign up for an account, start trading and generate yield immediately.
In the traditional financial markets, institutional investors make up the majority of futures trading volume. As technology advances, retail investors are getting in on the game. Drixx provides the tools you need to be profitable and the platform to make it happen.
Features of Best Insurance for Two-Wheeler | Chola MS
Features of Best Insurance for Two-Wheeler
A bike insurance policy is designed to safeguard your insured bike from any losses arising from unanticipated events including accidents, natural disasters, man-made catastrophes, etc. It acts as a safety net, providing compensation for harm done to you and your bike, as a result of any unfortunate mishaps, allowing you to relax even in the midst of a crisis. Additionally, the Motor Vehicles Act of 1988 has made purchasing a two-wheeler insurance policy for your two-wheeler a mandatory requirement for driving on public roads in India. Thus, you must purchase bike insurance if you intend to use your two-wheeler. Let’s take a look at the key features any best two-wheeler insurance policy should have.
Features of Best Insurance for Two-Wheeler
The policy insured receives extensive coverage and a variety of advantages when they purchase a bike insurance policy. Here are some of the key features of a best bike insurance policy:
The policy premiums should be affordable on the policy owner’s wallet. Additionally, the policy provider must provide substantially lesser prices or some discounts during festivals or other promotional activities.
Easy Claim Settlements:
The policy provider you choose should make every effort to resolve all disputes as quickly as possible. Companies generally ensure that the claims are settled sooner by employing a number of trained personnel in this sector. These are possibly the reason why a lot of insurance providers available have a high claim settlement ratio, which has become a key factor that determines the choice of the policy provider.
The benefit of a No-Claim Bonus:
One of the primary advantages of responsible driving is the no-claims bonus. If an owner doesn’t file a claim during the course of a policy year, they are entitled to a number of discounts and additional advantages when the policy is renewed.
A Broader Coverage:
The key feature of any bike insurance policy should be its exhaustive coverage that offers a wide range of protection, for both the third party and the first party i.e., the policyholder or you and it also depends on the kind of policy coverage you select.
Provision for Good Add-On Covers:
One policy might not cover all of your varied expectations. This is why insurance providers allow the provision for an additional or extra bed of protection with the add-on covers. You can purchase from a variety of add-on covers, like the zero-depreciation cover, return to invoice cover, no-claim bonus protection, engine protection, roadside assistance, etc., based on your needs and requirements.
Provision for Cashless Claims:
One of the better advantages of getting a bike insurance policy these days is the provision of cashless claims. As the name suggests, a cashless claim has made it possible for bike owners to easily get their bikes fixed – repaired or parts replaced without having to worry about the repair costs if the said repairs are being fixed at a network garage. You are not required to pay for the completed repairs at any of the insurance company’s network garages. The respective insurance provider pays all charges and settles the invoices directly with the garage.
A bike insurance policy offers a wide range of protection, for both the third party and the first party i.e., you or the policyholder, saving them from any unfortunate situations involving their insured vehicle.
How An Insurance Agent Can Help You
There are times in life when only the protection of a good insurance policy stands between you and financial ruin. To prepare for those times, you need the expert services of an insurance agent.
Insurance is exactly as its name suggests: it insures you. It protects your legal and financial status even when the worst possible thing happens. We use it to protect ourselves from things like damage to the contents of our homes, our cars, and when we travel. We need it for medical treatment and to keep ourselves correct in the business world.
What Does an Insurance Agent Do for You?
If you are considering an insurance policy, you ought to speak with a qualified professional insurance agent before you make your final purchase. They can guide you through the best policy options for you by assessing exactly what it is that you need. This insurance agent in Paso Robles recommends speaking with a professional about the other insurance policies in your life too. Combining them under one brand or policy could save you massively.
An insurance agent:
- Assesses your insurance needs throughout all aspects of your home, life, and business
- Advises you on the kind of coverage you need to ensure full protection
- Helps you negotiate the best possible rate with insurance providers
- Calls you bi-annually/annually to make sure your protection is up to date
- And can help you make an insurance claim against those policies should the need arise
Are insurance brokers and insurance agents the same thing?
An insurance broker will act on behalf of the client, but an insurance agent may work on behalf of the insurance company. They may work with multiple companies to earn a commission from selling policies on their behalf. That does not mean they are not providing you with competitive rates. IT just means that is how they earn a profit.
When will you need to consult an insurance agent?
Besides, from the outset of your policy, when you are planning to do something which requires insurance, you might also need to consult an agent when something happens. Any occurrence which impacts an existing policy may require the aid of your insurance agent.
For example, if your house floods and you have water damage written into your home content policy, you may consult your agent. They could file a claim with the insurance company on your behalf.
In another instance, you might consult your insurance agent if you are involved in an auto accident. An insurance agent may represent the company in such cases, so they need to know what has happened to launch your claim.
What products can an insurance agent help me with?
You may wish to hire an insurance agent to help you with the different types of insurance in your life. Some agents specialize in certain types. These may include:
- Health and life insurance
- Short-term insurance solutions for travel or empty houses
- Auto insurance
- Home insurance and property solutions
- Dental Insurance
MABY – ASSISTANT OF NAIL SALON OWNER
You have much to consider as a nail technician or salon owner, from profitability to polish hues.
If you’re seeking suggestions, there are several simple ways to enhance your nail salon business. Using innovative business strategies, you may live a more prosperous life in the nail industry. These strategies might include streamlining your booking process or creating loyalty programs.
All you have to do is download the Maby app. Maby unifies all administration, marketing, and tax capabilities, making it easier than ever to do business.
Maby app was born with the mission of connecting customers and nail salons, solving all the troubles of customers and nail salon owners:
– Support the shop owner to manage the headaches that come with owning a business, find customers for the shop
– Help nail salon customers choose where to get their favorite service
– With Maby, just a straightforward operation will turn all worries away. You just need to “Download the Maby Nail Salon App” on your phone; the shop owner will immediately GET THE FOLLOWING BENEFITS:
– Attract potential customers through the Location feature. Maby will point you toward a “nail salon near me” using the Locator tool. You are free to select the salon of your choice, shop for the best offers, ascertain the cost of the service before doing it, and make payments online.
– Optimize customer appointment schedule: avoid the situation where the salon gets too crowded, and there are not enough employees
– Optimizing employee productivity: allocating employee work schedules accurately, accurately measuring employee capacity.
– Increase revenue: thanks to the marketing and customer care tools available on the platform.
In particular, Maby is also a place for nail salon owners to meet potential customers and promote their artwork to millions of people.
Download App Maby now to receive great deals every day!
5 Ways To Prepare Your Business For Upcoming Black Friday
Black Friday is the day after Thanksgiving in the United States and is traditionally the start of the holiday shopping season. Retailers offer special discounts and promotions on this day, which draws huge crowds of shoppers.
For businesses, Black Friday is an important day to generate sales and boost profits. Many retailers rely on Black Friday sales to help them reach their annual sales goals. In recent years, Black Friday has become increasingly important for online retailers as well.
There are a few reasons why Black Friday is so important for businesses. First, it is a great opportunity to clear out old inventory and make room for new products. Secondly, deep discounts and promotions draw in huge crowds of shoppers, which can boost sales and profits significantly.
If you are a retailer, make sure to take advantage of this day and offer special discounts and promotions to your customers. Here are the five tips to prepare your business for the upcoming Black Friday.
Make Sure To Stock Enough Packaging Supplies And Inventory
Last year, American customers spent around $8.9 billion on Black Friday. During this time, you can expect a huge jump in sales, so make sure you have enough supplies and packaging tools, like thermal label printer, shipping labels, circle labels, and custom sticker labels, to keep deliveries running smoothly.
Thermal label printers will speed up your printing process and save you time and money as they are not expensive. An excellent printer like the MUNBYN 4×6 thermal label printer is available for less than $200 and is worth the money with its astonishing features. It offers clear printing of QR codes and patterns with 300DPi HD print, the capability to print multiple label sizes, and easy connectivity to Windows, Linux, and Mac OS via USB.
Black Friday is known for its amazing sales, so you’ll want to make sure you have plenty of inventory on hand to take advantage of them. Having extra stock and packaging materials on hand will also let you offer your customers special deals and promotions.
Advertise Your Products
As the holiday season approaches, retailers are gearing up for one of the biggest shopping days of the year, Black Friday. For businesses, this means increased competition and the need to stand out from the crowd.
One way to do this is through product advertising. By investing in product advertising during Black Friday, businesses can ensure that their products are seen by consumers who are looking for great deals.
Product advertising can be a powerful tool to increase sales and brand awareness. On Black Friday, when consumers are bombarded with messages from all directions, product advertising can help your business cut through the noise and reach your target audience.
Make Sure Your Product Pricing Is Compatible
When it comes to pricing your products, it’s important to be competitive—especially during Black Friday. With so many shoppers looking for the best deals, you need to make sure your prices are in line with (or better than) your competitors’. This can be a challenge, but it’s important to remember that Black Friday is a key shopping period for many people.
If you can offer competitive pricing on your products during this time, you’ll be in a good position to attract more customers and boost your sales. So, if you’re planning to participate in Black Friday sales, make sure your prices are up to scratch!
Hire Seasonal Employees
Black Friday is just around the corner, and like most businesses, you’re probably getting ready for the holiday rush. But what about your staffing? Do you have enough people to cover the increased demand? If not, you may want to consider hiring seasonal employees. Seasonal workers can be a great way to supplement your regular staff, and they can be especially helpful during busy times like Black Friday.
Your regular employees are probably already feeling the strain of the holiday rush. But with some extra help from seasonal workers, they can manage the increased workload. If you need to staff up quickly for Black Friday, seasonal workers are usually your best bet. They’re usually available on short notice and don’t require a long-term commitment.
Gift Wrap Your Products During Black Friday
Black Friday means extended hours, increased inventory, and big sales for businesses, but what about your packaging?
If you’re selling physical products, this is the perfect time to make sure your packaging is up to par. After all, first impressions matter, and your product’s packaging is often the first thing a customer sees.
There are plenty of reasons to gift wrap your products during Black Friday. Visual stimuli help in establishing an emotional connection with the client. Businesses might benefit from the fact that certain colors and patterns can trigger particular emotions.
In addition to circle labels, you can also use uniquely shaped labels like paw print labels, pumpkin labels, etc. to give your product packaging more unique features. MUNBYN offers a wide range of labels to meet your packaging needs. In a sea of Black Friday deals, your product needs to stand out in order to get noticed. Gift wrapping is a simple and effective way to make your product pop.
When you take the time to gift wrap your product, it shows that you care about the quality of your product and the customer experience. This can go a long way towards differentiating your business from the competition.
Black Friday and Cyber Monday are important shopping days for merchants because they help them sell items that aren’t moving as quickly and increase sales and investment returns. If you want to be ready for these events, you should pay attention to the tips given above. With a MUNBYN thermal printer and labels, you’ll be more comfortable with upcoming promotions.
How To Find The Best Fake Air Jordan 1 At a Cheap Price?
When you are looking for the fake but Best AJ1 at cheap price, there are a few things that you need to consider. The most important thing is to find a reputable retailer who can provide you with quality sneakers at a fraction of the cost. It is also important to ensure that you are getting a good deal on the sneakers and that you are not overpaying for them.
When shopping for fake air Jordan sneakers, it is essential to do your research. There are many different retailers out there, and not all of them are reputable. Make sure that you are reading reviews from other customers before making your purchase. This will help you to avoid scams and get the best possible deal on your sneakers. However, Here are a few tips to help you find the best deal on a replica pair of Cheap Nike Jordan 1:
- Shop around and compare prices. Unfortunately, many online retailers sell fake Air Jordans, so take the time to compare prices and find the best deal.
- Read reviews. It is vital to research and read other shoppers’ reviews before making a purchase. This will help you to avoid scams and get the best product possible.
- Look for a seller with a good reputation. It is essential to buy from a seller with a good reputation who has sold quality products in the past. This will ensure that you get what you expect and that you’re not scammed.
By following these tips, you can find the perfect pair of Fake Air Jordan 1at an affordable price.
Is there a policy for returning fake sneakers?
There is no official policy on returning Reps Sneakers, as each retailer may have policies. However, it is generally recommended that customers not attempt to return counterfeit or fraudulent items, as this can often lead to difficulties or, in some cases, even legal issues. In general, if customers have concerns about an item they have purchased – whether it is a fake pair of sneakers or not – they should reach out to the retailer’s customer service department for clarification and assistance.
Companies do not always need to provide a return policy on fake sneakers. However, Stockx SNK does. Go and check out our Stock’s Sneakers website for more details.
Do fake sneakers have good quality?
There is no definitive answer to this question since quality can vary from one company to the next. That said, there are some exceptions, and some pairs of fake sneakers are well made and look very similar to the real thing. If you want your fake sneakers to be that exceptional pair of sneakers, you should consider purchasing one from our Stock’s Sneakers website. We have the latest and most authentic collection of replica sneakers, and Stock’s Sneakers do not go anywhere for years.
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