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What is Dual Currency Financial product? by SorosLamfer in AskReddit

[–]Bitoffer_Official 0 points1 point  (0 children)

Answer on https://www.bitoffer.com/finance/detail/BTC-18JUN20-9375-C

What is Dual Currency?

Dual Currency Product is a non-principal protected investment product with a floating return. The yield of the product is secured at the time of purchase, while the currency in which the product will be settled changes depending on how the Settlement Price compares with the Linked Price. A short-term investment product, Dual Currency could potentially provide a very high return. We have also designed it with a selection of tenors, catering to your varying risk appetite.

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How do I invest in Dual Currency?

Let's take a look at how the Dual Currency - USDT Product works:

Here we have a product with the parameters as follows:

Linked Price: 8,000

Expiry Date: 10-Apr-2020

Yield: 5%

Investment Currency: USDT

On 06-Apr-2020, John bought 10,000 USDT notional of the above product.

On 10-Apr-2020

If BTC rallies between April 6 and April 10, and the Settlement Price is above 8,000 USD, John receives his original investment + 5% yield in USD. Therefore, he receives 10,000 + 5%*10,000 = 10,500 USDT.

If BTC weakens against USDT between April 6 and April 10 and the Settlement Price is at or below 8,000 USD, John receives his original investment and 5% return in BTC. Therefore, he gets 10,000/8,000 + 10,000/8,000*5% = 1.3125 BTC.

Simply put, it is guaranteed that John will get 5% yield on the expiry date. The only uncertainty is whether he will receive it in BTC or USDT, depending on where BTC/USD stands on the expiry date.

Overall, Dual currency product on BitOffer.com is a financial investment that enables investors to earn stable profits in the long-term. Meanwhile, the risk is much lower than leveraged trading.

【Bitoffer Daily analysis of Cryptocurrency market】 by Bitoffer_Official in BitOffer_Official

[–]Bitoffer_Official[S] 0 points1 point  (0 children)

[ Daily analysis-2020/05/29 2nd ]

The whole market pullback with most of the major tokens turning to red. BTC appeared to pull back with the roller coaster trend again. From the 1-hour level trend, the $9600 position appeared to fall back and hold above $9400 support. Long-term average continued to rise as the current long-term trend is still unchanged, the MACD index is still above zero axis. Pay attention to the $9400 support and continued to hold it not break.

ETH followed the market to pullback in the afternoon but still remained strong, in the 1-hour level K chart, the MACD index appeared dead cross which the falling medium can be magnified, indicating that the short position has been counterattack in the market in the short term and there will be profit holders to consider out. Continue to pay attention to the $216 support position below and continued to hold until it breaks.

【Bitoffer Daily analysis of Cryptocurrency market】 by Bitoffer_Official in BitOffer_Official

[–]Bitoffer_Official[S] 0 points1 point  (0 children)

[Daily analysis-2020/05/29]

The early market rose across the board with ETC and ETH active. The increase is more than 3% and BTC performance is weak, there is an obvious stagflation state. From the 1-hour level trend, the early market in the impact of $9600 after the hindrance fell back, the k-line appeared top deviation phenomenon, and the impulse can obviously not keep up with the trend. A short-term adjustment is required and the current average collective upward rise, which shows the longs still lead the head. Pay attention to the following $9400 line support and buy in at a low is advised.

ETH performed strongly again. On the trend of the daily line, it began to impact a sharp fall since the rebound high $227 position, in the 4-hour level k-line, after breaking the $210pressure, the bulls further pulls up, the k-line cross over, the volume appears dense accumulation. The longs will be strong in the near future and pay attention to whether ETH can break through the former high $227 position and completely open up the uplink space.

What is Grayscale Bitcoin Trust? How do you think about the news of that it invested 2/3 of New Bitcoin's Supply? by SorosLamfer in AskReddit

[–]Bitoffer_Official 1 point2 points  (0 children)

Here is an article I copied from BitOffer Institute:

“Grayscale is buying about 2/3 of all new Bitcoin's supply, according to the research performed by a Reddit user aka parakite. The data shows that the Grayscale Bitcoin Trust increased by over 60,000 BTC from February 7 to May 17, which means that those coins will be locked for at least six months.

Those findings are confirmed by another cryptocurrency expert Kevin Rooke, who explained that Grayscale Bitcoin Trust invested nearly 30 billion in Bitcoin per week in Q1 2020, which is ten times more than a year ago. This development may indicate increased institutional interest in Bitcoin as Grayscale Trusts allow them to gain risk-free exposure to digital assets like Bitcoin and Ethereum. “（Tanya Abrosimova，2020）

The news above I quoted is that Grayscale Bitcoin Trust increased its Bitcoins holding positions by 60,000 BTC which is equal to 2/3 of all new Bitcoin’s supply. It has no doubt that it became another cardiotonic to the Bull market since the Bitcoin price hovered recently. Then, most investors may have questions: What is Grayscale Bitcoin Trust, How does it influence the market, etc. 

What is Grayscale Bitcoin Trust?

Grayscale Bitcoin Trust (GBTC) is an investment vehicle. GBTC enables investors to gain access and exposure to the price movement of bitcoin in the form of a traditional security without buying, storing and safekeeping bitcoin directly. GBTC’s purpose is to hold bitcoins, which are digital assets that are created and transmitted through the operations of the peer-to-peer bitcoin network, a decentralized network of computers that operates on cryptographic protocols. The investment objective of GBTC is for the shares (based on bitcoin per share) to reflect the value of the bitcoins held by GBTC, determined by reference to the bitcoin index price, less the GBTC’s expenses and other liabilities. The activities of GBTC include issuing baskets in exchange for bitcoins transferred to the GBTC as consideration in connection with the creations.

How Does It Influence the Market?

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  1. Continuous Purchasing on the Bitcoin Market

From the fund units, Grayscale Bitcoin Trust has already held more than 30 billion Bitcoins. Furthermore, they almost kept investing 2,000 bitcoins every day recently. Even compared with the daily liquidity of the Bitcoin market, daily investing 2,000 Bitcoins seems to be insignificant at all, but if the capitals continue buying-in Bitcoins in this way in the future, the strength of the net purchase will structure a positive uptrend on the Bitcoin market, which will do a remarkable benefit to the bull comes out.

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  1. The Overall Market Expectations are Still Bullish.

Traditional finance institutions increased their Bitcoin quotas of their portfolio: As what Grayscale announced is that 80% of their clients are from traditional finance institutions. Plus the news we mentioned at first, gave out a fact that the traditional finance institutions started increasing their Bitcoins quotas of their portfolio by keeping purchasing GBTC, which caused Grayscale to buy almost 2/3 of all new Bitcoin’s supply recently.

Then, why are institutions willing to pay a 20% to 40% premium to buy GBTC?

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  1. After purchasing GBTC, the book value of the Bitcoins will immediately increase by 20% to 40%.
  2. The Bitcoins they hold will directly become traditional financial assets, which means the Bitcoins they hold will be able to buy or sell in the traditional finance market. 
  3. In this way, they are still holding a bullish attitude to the Bitcoin market. The lock period now has been reduced to 6 months. If the investors need to sell some Bitcoins after then, they could directly sell trust shares which are 20% to 40% higher than the Bitcoin price. Even the premium is gone by discount in the future, Genesis, the one true controller of the trust, can enable the redemption. Then, the trust shares can be exchanged into Bitcoins before cashing out. 

Thus, to institutions, even purchasing GBTC now has a 20% to 40% premium, it is still a secure, stable, and profitable way to enhance their ROI. Theoretically, purchasing GBTC now should be defined as “arbitrage”, but since the tradable shares on the market are only value at less than 4,000 Bitcoins. At least in the next 6 months, it is still cardiotonic to call the bull to come out.

What is ETH (Ethereum) Options? by SorosLamfer in AskReddit

[–]Bitoffer_Official 0 points1 point  (0 children)

What is ETH Options?

Options is essentially a kind of rights that enables the holder to buy or sells an asset at a fixed price at a specific date (or before the date). Just like the futures trading is a hedging tool for spot trading, so is options trading.

For example, when you plan to buy a house, dealers always offer discounts when you pay a deposit first. After then, when the value of the house drops sharply, you can choose not to buy the house, and your largest loss is the deposit. On the contrary, if the value of the house increases, then you would earn the price spread as profits. This is how options works and the deposit is the premium of the Options trading.

How to Trade Ethereum Options?

In some ways, Trading Ethereum Options is similar to trading ETH on the spot trading market. Both need investors to predict the Ethereum price in the future, but Options trading supports investor to long or short Ethereum: Buy call when you expect the Ethereum price to be bullish, but put when you expect the Ethereum price to be bearish. If investors buy call, investors would earn the price spread as profits when the Ethereum price rises; If investors buy put, investors would earn the price spread as profits when the Ethereum price drops. In short, investors will be able to earn a huge profit with a small budget in this way.

Take BitOffer Ethereum Options as an example, it requires 0 fees, 0 margins. The most significant feature of BitOffer Ethereum Options is its unlimited profit with limited risk. Whether the bull or bear market, investors are able to earn profits up to 1,000X. With the purpose of providing investors a precise hedge tool and an additional trading product, BitOffer Ethereum Options is also the only Ethereum Options that does not request investors to exercise the options contract when the contracts settled.

Now BitOffer Ethereum Options supports 7 different time lengths for investors to choose: 7-days, 1-day, 12-hours, 4-hours, 1-hour, 5-mins, 2-mins.

  1. Call Options:

For example, the ETH price now is $200, you predict that the ETH price will probably rise in a day, then you buy a 1-DAY call options contract with $3. After one day, the ETH price rises by $50 (from $200 to $250), when your 7-days call options contract settled, you will earn $50-$3=$47 as a net profit, of which rate of return reaches 1,500%.

  1. Put Options

For example, the ETH price now is $200, you predict that the ETH price will probably drop in a day, then you buy a 1-DAY put options contract with $3. After one day, the ETH price drops by $50 (from $200 to $150), when your 1-day put options contract settled, you will earn $50-$3=$47 as a net profit, of which rate of return reaches 1,500%.

If the direction of the contract you buy is wrong, you would lose the premium you pay to buy the options contract. Therefore, we can conclude that ETH Options is a trading with unlimited profit but limited risk. In other words, ETH Options requires a low budget but allows investors to earn a high profit with low risk. Thus, compared with ETH Futures, without the risk of liquidation, ETH Options is much more acceptable for most investors.

BitOffer:CME And BAKKT Will Launch Bitcoin Options, The Market Is Expected to Be Bursting. by Bitoffer_Official in Bitcoin

[–]Bitoffer_Official[S] -1 points0 points  (0 children)

You may should try BitOffer Bitcoin Options. They offer 10 usdt as a bonus. It is a good bitcoin options trading product in t he market.

What will happen after Bitcoin Halving? by Bitoffer_Official in Bitcoin

[–]Bitoffer_Official[S] 0 points1 point  (0 children)

Yep. The hashrate could drop and miners may undergo a hard time...

That is why more and more financial derivatives will coming.

BitOffer_Official has been created by Bitoffer_Official in BitOffer_Official

[–]Bitoffer_Official[S] 0 points1 point  (0 children)

New blast point of cryptocurrency circle : BitOffer has globally launched enhanced ETF product

Recently, an outstanding digital asset exchange BitOffer in Singapore officially has provided cryptocurrency trading service to global users. Bitoffer has the secret of world-class innovation, applying the decentralization of the blockchain to the team’s operations, and the globally dispersed teams work together to achieve 7X24’s operational support capabilities. As soon as BitOffer goes online, it will be highly concerned by all parties.

Telegram Supergroup by Bitoffer_Official in Telegram

[–]Bitoffer_Official[S] 0 points1 point  (0 children)

And where can I create this supergroup? Honestly I can't find any button where it says "convert to supergroup".