On December 16, Bitcoin broke through US$20,000 for the first time, breaking the high point of the 2017 bull market and hitting a new record high. The myth of getting rich was once again staged. The market sentiment has risen unprecedentedly, and the entire Bitcoin product has become a rush for users. BTC options bear the brunt of the target. According to the statistics of BitOffer, the daily trading volume of BTC options successfully exceeded 1 billion. Among the 100,000+ online users, more than 80% are profitable users, and the per capita profit amount is greater than 10,000 US dollars, creating a new digital currency myth.
In October 2019, BitOffer pioneered the launch of global Bitcoin American options, with zero margin, zero handling fees, no liquidation mechanism, and no exercise. A Bitcoin option is equivalent to the equity of a Bitcoin spot, and the equivalent is behind it. The cost of the underlying asset is a few percent of the spot price, so it has been enthusiastically welcomed by the market as soon as it was launched. One month after its launch, the daily trading volume exceeded 100 million U.S. dollars, making it the world's largest bitcoin options exchange by volume.
On March 12 this year, Bitcoin ushered in a sharp drop, falling by more than 4,000 US dollars in 24 hours. The spot price was cut in half on the same day, but options have become the first choice for people to get rich. On the same day, BitOffer's option trading volume ushered in a skyrocket, with daily trading volume directly breaking through 500 million U.S. dollars, with 50,000+ daily active users, refreshing the previous historical record. Transaction data shows that about 70% of users are buying put options all day, which means that this part of the population is making money all day. Judging from the option quotation of the day, it was as low as US$20 per hour, while the drop of the day’s one hour was as high as more than US$1,400. In terms of principal, the return was as high as 70 times or more. Infinite characteristics, the greater the market volatility, the more obvious the advantage.
At a time when the spot price was cut down, the entire network's contracts were tens of billions of dollars, and the number of liquidated positions was as high as 200,000+, BitOffer's bitcoin options have achieved a group of people, and more than 70% of trading users have achieved profits. This is true in the digital currency field It is rare and has created a myth.
After half a year, history repeats itself again. The only difference is that on March 12, the digital currency ushered in a full-scale plunge. Bitcoin plunged by a thousand points. This time, Bitcoin led the rise of cryptocurrency, breaking through US$20,000 for the first time, making history again. To new highs, the market sentiment to do more than ever rose. Analyzed from the characteristics of the option itself, it can also be used as a risk hedging tool for spot and contract. It has undoubtedly become the first choice for users to get rich in the bull market.
According to statistics from BitOffer, on December 16, after Bitcoin broke through 19,800 U.S. dollars, the trading volume of options skyrocketed in a short period of time, reaching a new high when Bitcoin broke through 20,000 U.S. dollars, with daily trading volume exceeding 1 billion and the number of online traders 100,000. +, the number of transactions is 500+, of which the number of users buying call options accounted for more than 80%, and the cycle ranges from 2 minutes to 7 days, which reflects that the market has reached a high degree of consensus for Bitcoin to exceed 20,000 US dollars.
Compared with March 12, this option users’ transaction amount is larger, the frequency is higher, the user profit area is wider, as high as 80%, and the average daily user profit amount exceeds 10,000 US dollars, breaking the historical record set by 3.12. Create the myth of getting rich again.
Since the birth of cryptocurrency in 2009, a batch of people have been rich. From 2009 to 2017, the spot helped countless people realize the freedom of wealth and became the winner of life. After the birth of futures in 2017, in just three years, the market share greatly exceeded the spot market, causing more users to become rich overnight. However, futures contracts have a margin system and there is a risk of liquidation. On the other hand, the option, zero margin system, there is no risk of liquidation. When the market fluctuates greatly, the hidden leverage is as high as 1,000 times, the real risk is limited, and the return is unlimited. There is no doubt that options have become the next wealth of cryptocurrency in the next 10 years!