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Time to sell bitcoin?
29
Nov
Time to sell bitcoin?

 

Ready for the best news for today? If you believe bitcoin is overheated, with EXANTE you can sell it short.

The trust in the main digital currency is still growing both among traders and government representatives. Last year saw the bitcoin price grow by 70%.

Price chart for BTC for the last year

Any rise of market uncertainty and anxiety helps bitcoin grow strong. We could observe abrupt spikes in its price during the US elections, Brexit referendum, and even during the Greek crisis. Analysts believe that such dynamics is caused by the perception of the bitcoin as of an autonomous asset like, say, gold. They also say that the bitcoin market is now overheated and that the cryptocurrency price is now far too high.These estimates expectedly rise the interest in shorting bitcoin. There are, however, not so many opportunities to make such deals, and EXANTE clients definitely gain the upper hand in the current market situation: we are glad to offer them the chance to short bitcoin.

We offer trading Bitcoin Fund shares. This fund was created in 2012 by the founders of EXANTE and boasted the highest profitability among hedge-funds ever. One traded unit equals to one bitcoin. The leverage for purchase is 1:2, no leverage for sale is provided.

If you agree with most analysts and believe that it’s high time to sell bitcoin, we are looking forward to your orders :)

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