With an arduous crypto winter in full effect, traders are searching for an ROI wherever they can find it. At PrimeXBT, there are still plenty of opportunities to be found that can help a trader get back on a hot streak.
Here are all the ways you can thaw out of the seemingly endless crypto winter with PrimeXBT professional trading tools.
Holders Feel the Deep Freeze of Crypto Winter
For many crypto holders, this current crypto winter is the first they’ve ever faced, and they are experiencing first-hand just how brutal conditions can get. The highly volatile asset class of cryptocurrencies has fallen by as much as 74%. Individual altcoins have, in many cases, lost as much as 90% of their value.
PrimeXBT, however, was launched during the 2018 crypto winter and helped traders survive the frigid environment at the time. With several years of excellence under its belt, having been honored with a number of industry awards, and introducing dozens of new features, the margin trading platform is even better equipped this time around.
Hold No More: Why Short and Long Positions Are The Key To Profits
Crypto holders learned the hard way that simply holding assets can be disastrous and must have a plan in place for when the market gets volatile. PrimeXBT margin trading provides professional trading tools like leveraged long and short positions on cryptocurrencies like Bitcoin, Ethereum, and a massive list of altcoins from trending sub-categories like DeFi and the Metaverse.
These speculative assets rise and fall with incredible momentum, leading to astronomical returns during bull markets and a complete wipeout of capital during bear markets. Rather than holding on for dear life and weathering the storm under any conditions, traders can continue to thrive and profit with the flexibility of trading in both directions of the market. Longs and shorts can even be opened simultaneously to create hedge positions.
Stake And Copy for Passive Investing with Covesting Tools
Over the years, as PrimeXBT assembled a set of award-winning trading tools and the most extensive list of trading instruments around, an exclusive B2B partnership with European fintech developer Covesting to bring its innovative copy trading module to PrimeXBT was formed. The copy trading community lets followers copy the trades of top traders who are ranked highly by ROI within a fully transparent leaderboard system.
Covesting yield accounts also allow users to connect directly to popular DeFi protocols from within the PrimeXBT account dashboard and access APYs of up to 14% during peak market conditions. Staking idle cryptocurrencies is a great way to earn some income back while prices in crypto drop if you don’t have what it takes to trade. COV token memberships can activate up to a 2x APY boost on crypto staking.
Bull Markets Are for Geniuses, Build Your Skills During Bear Markets
There is a saying that everyone in a bull market is a genius. This is because it is easy to make money when things are trending. When the market moves sideways, traders get chopped up. During bear markets, although asset prices may be dropping, it is a great time to build one’s skill set and holdings ahead of the next bull market.
PrimeXBT offers a complete educational website called the PrimeXBT Trading Academy, led by an expert trader named Dirk Hartig. Hartig hosts a series of videos teaching users how to trade or market updates to inform the audience on what to expect in crypto. Traders can then use the skills they’ve learned to practice or backtest trading strategies using the PrimeXBT Contests module. Users can join weekly competitions and trade risk-free virtual funds for a chance to win a share of crypto reward prizes.
Pack Your Portfolio with Uncorrelated Assets
The PrimeXBT margin trading platform offers access to more than 100 trading instruments across crypto, stock indices, commodities, and forex currencies. A portfolio long USD on currency pairs or long oil could have kept profits coming during the crypto winter and potentially have offset the losses from crypto.
Using the browser experience or through the free Android or iOS mobile app, users can manage their positions and portfolios from anywhere in the world. PrimeXBT also lets users buy crypto to fund their trading accounts and access markets like gold, silver, natural gas, the S&P 500, and many more.
Conclusion: Thaw Out with Professional PrimeXBT Trading Tools
Because PrimeXBT offers all of the hottest tools and markets around, thawing out of the cold crypto winter deep freeze is a lot more accessible than in the past. Since the last crypto winter, PrimeXBT has become a proven winner of several industry awards and is highly respected within the trading community.
If you are tired of getting the shivers from the fear of crypto winter, consider trading on PrimeXBT starting today.
