1. You deposit 1 BTC and get 0.5 BTC bonus. 2. You first trade with the 1 BTC as usual. 3. If you were to lose your 1 BTC for some reason you'd move on to the 0.5 Bonus BTC. 4. ANY profits made with the 0.5 Bonus BTC are fully withdrawable. The 0.5 BTC itself isn't.
Your own deposited money is withdrawable at any time as long as you still have it of course.
Withdrawing does mean the bonus gets removed so keep that in mind.
A good use for this promotion, in my opinion, would be when using it for hedging.
Let's say, you always lose money hedging your spot holdings as some sort of "insurance fund".
In this case you'd have 50% more funds to use for this hedging instead of using your own capital.
PrimeXBT is a trusted player in the space and with billions in volume every week, the liquidity and spreads are good. As are the fees.
Besides the ability for margin trading there is also Covesting and their new Turbo feature.
You are allowed to register a new account under my link to get the promotion. I've personally asked this to the PrimeXBT team and they said this was fine to do.
Disclaimer: Leveraged trading is something that can offer both big upside as dowside. The risk can be a lot higher, so ALWAYS use proper risk management.
In Bitcoin's history, whenever a green Kumo twist has occurred (red to green), price has went on a big run.
This is a comparison between the 2013, 2017 and 2021 cycles.
Bonus Alpha at the end 📚
🔹Disclaimer
This is just a comparison between the three cycles.
I thought it would be interesting to see how previous results would translate into the current state of the market.
Do not use this as a way to determine your targets or entries. It's just one indicator with a low sample size. Always use other things and your own common sense as confluence. 👍
Going to share something I think is quite imporant which is profit taking into fiat. Yes fiat.
"Daan you must be crazy we're going to $1M!".
Maybe we are, maybe we aren't.
I know one thing and that is that I will be locking in profits this time.
Even if taking profit means that I am "missing out" on gains which I could have gotten if I kept on holding everything.
I've personally took quite a bit of profit already during this cycle and will continue to do so.
Taking profits secures a stack to work with and start investing into other sectors or buy back into Crypto during a bear market, at whatever time that may be.
Today, I bought a bag of $SPDR and in addition to that, I will be helping the team with their marketing efforts.
What is SpiderDAO? Thread below 👇
🔹The Concept
SpiderDAO proposes a set of tools to bring online privacy to the end user (VPN).
SpiderDAO is unique compared to other DAO's, because it bundles together hardware and software tools with on-chain elements, providing a “whale-resistant” governance solution. 🐳
🔹The Team
The @SpiderDAO team is fully KYC'd which is always a big plus for me.
Besides that, they got a solid list of Partners and Supporters mentioned on their website.
Yesterday, sentiment was at rock bottom. Any chart I posted showing hopium did very well in terms of engagement/likes etc. But i also got a ton of hate and just general toxic behaviour saying we topped out etc.
2) Today, the same updated hopium charts I posted yesterday, that ended up being true, have way lower engagement. This makes me think that people wanted the hopium yesterday but were too afraid to actually buy the dip and just sat it out didn't end up buying the dip.
3) I think there are A LOT of people left behind. $42K also never got there. I already mentioned a few days back in my group that levels like these usually get front-ran or just dump through hard. The first one being the most likely option in a bull market.
🔹Swept the lows again but bounced from the daily 200MA (purple).
🔹Bitmex and Binance Futures took out the low from the 10th of February.
🔹Dumps are getting weaker with every low.
Losing the 200MA means $42K is next, seeing that's the next big weekly level. But this is also a level that everyone seems to be watching. Usually these levels either get front-ran or get nuked through.
The start of the Tesla pump marks the last substantial low from here on out.
This makes me think that:
1. We have to hold this level seeing there isn't much holding it up from here on out until we close the Tesla pump inefficiency.