The market pushed down. The ETH broke the 4000. The BTC went down. From 4-hour chart, the candles got cross to the $60,000. The uptrend repeatedly went ups and downs. Pay attention to the longs. HODL on above the $57,000. Focus on the $60,000 resistance.

The ETH pulled back. It broke the 4000. From 4-hour chart, the candles pulled back with the optimistic line. The MACD pulled back above the zero axis. The longs kept active. The uptrend kept strong. Pay attention to the short term moving average. Reduce the position above the 4000. Focus on the 4200 resistance.

According to the BitOffer Exchange report.

While this year marks a crucial time for bitcoin as it is the third time of the Bitcoin halving, also an important year for the launch of Ethereum 2.0. However, the hottest topic at present is DeFi. So far, DeFi's lockup volume has exceeded $8.5 billion, with a total value of over $350 billion, is a very small percentage in the crypto market, which is only a quarter of bitcoin's total market value, so there's a lot of space for DeFi to grow in the future.


Compared with CeFi, DeFi's current size is negligible, considering that traditional derivatives have a market of billions and the total digital currency is only 1% of it. If we move the entire CeFi financial application to DeFi, we believe that DeFi must be the next trillion market for cryptocurrencies.


In the enlightenment in the last round of encryption DeFi fame will leave the two factors, one is the value of the currency, found that the currency market capitalization trillion-dollar, was building consensus in the financial market, make people recognize the value of it, became a store of value and value flow of assets, has become the first important underlying assets of the digital age, become the digital gold.


In the last round of the Encryption Enlightenment, DeFi's popularity stemmed from two factors:


The first is that the value of Bitcoin is beginning to become widely known. The total market value of Bitcoin has exceeded one trillion, establishing a consensus in the entire financial market and making people recognize its value. It has officially become an asset of value storage and value flow, and the first important primary asset in the digital era, becoming digital gold.



The second is that Ethereum brings digital currency into the 2.0 era, namely the rise of the smart contract. The smart contract platform based on ETH can construct various complex logic financial products, which is suitable for the development of open finance with various ways of playing. In addition to CeFi's complex process, low efficiency, and high barriers to participation, DeFi quickly gained popularity due to its decentralized, efficient, fast, easy to operate, and anonymous features.


DeFi currently has around 400,000 users, representing 1% of the total number of users in the encryption space. Specifically, in the DeFi project, Uniswap currently has about 280,000 users. There are over 50,000 users at Compound, close to 20,000 at Maker, and less than 10,000 at Synthetix.


In terms of user size, DeFi as a whole is still in a very niche stage, although it seems to be booming recently in terms of liquidity mining, online exchanges, futures, options, and so on. And although the participation threshold of DeFi is very low, use the threshold is very high, for most users, however, compare with the registered steps, the key management, wallet interactions with the agreement, which also involves borrowing, trade, mining, synthetic property all sorts of more complex interactions, such as various arbitrage strategy, mining strategy... that's too difficult for ordinary users.


Especially for new investors, just to register the wallet and manage the secret key, recharge mortgage has been very complex already, and then to understand the trading logic, liquidity mining, and assets... This strategy may not seem like a big deal to the core investors, but it is a huge headache to most ordinary individual investors.


In addition to the high barriers, DeFi also has a large interest rate fluctuation, which makes it difficult for users to choose which platform to use to provide liquidity. This lays the foundation for the emergence of aggregators and is expected to be the next trend for DeFi. It gives users direction and makes it easier for them to participate in DeFi without worrying about complex operations, high costs, selection, security, etc. It only needs one click and all the work is left to the bottom layer of the aggregator, making mobility easier.

The presence of the aggregator helps drive the development of DeFi, and the popularity of DeFi will drive the price of ETH to go up, most likely to a new high in the short term, so now is the perfect time to buy ETH. However, buying BitOffer's Ethereum ETF Ethereum is better than buying a future, in which profits start at a minimum of three times. Besides, it also includes an intelligent dynamic position reallocation mechanism and the calculation of fund compound interest with the returns of up to 17 times. If Ethereum manages to outperform Bitcoin by 50 times, the Ethereum ETF could rise by as much as 850 times. At that point, you will have truly achieved financial freedom and reached the top of your life.

Recently, market released a cryptocurrency volatility report, which pointed out that September was basically Bitcoin's worst month in history, that leading a negative return for investors. Historically, September was indeed the worst month for the Bitcoin market, with an average return around -7%. At this situation, only the Dual-Currency remain a satisfying perform.

Although the market report remains bearish on Bitcoin in the short term, the report also gives investors lit some glimmers of hope. From the point of data analysis, in the past twelve months of currency supply share not happen too big change, and according to the market analysis of first two halving from the historical data, this trend heralds a new bull market is coming.

Judging by past data, the cryptographic market is likely to face heavy volatility in the coming months, which will be generating huge gains for investors. However, September was the lowest month in history for equalization volatility, which means Bitcoin won't see significant volatility until at least the fourth quarter of 2020.

However, the analysis is not an accurate predictor of the future, and it has had its moments of misprediction. The market report had predicted a 50%-200% rebound in Bitcoin prices on August 10, with the price trading between $11,500 and $12,000, but it plunged to the $11,000 range that day, with a drop of nearly 20%.

The correlation between Bitcoin and Gold hit a record high of 0.97 in August, but then sharply fallen to 0.25. According to the news of Bloomberg on September 9, the correlation between Bitcoin and Gold reached 0.8 at the highest level since 2010. If gold stays above $1,900, and Bitcoin is expected to stay above $10,000, then the investors can predict the price of Bitcoin based on the price of Gold.

The settlement comparison between the Gold(over-the-counter market) and Bitcoin proves that people have begun to regard Bitcoin as a store of value. Firstly, Bitcoin is a digital product with the highest return on investment in the past 10 years. Secondly, it has significant advantages over Gold, such as substitutability, liquidity, anonymity, non-tampering and more convenient to trade.

Throughout the first week of September, the Bitcoin had lower returns than other months, with investors generally earning negative returns in both futures and options. However, data from BitOffer Exchange showed that in September, the trading volume of Bitcoin's derivative Dual-Currency got surged, and the quota linked to different prices every day was snapped up and sold out. It became the most popular Bitcoin product among investors and the only one among the Bitcoin products that brought positive income to users.

Lucian, the chief analyst at BitOffer, believes the reason that Dual-Currency stood out from the broader market in September is related to the way it is settled. It uses USDT and BTC's dual-currency settlement method. Purchase today then the expiration follows on tomorrow, users can get about 1% of the income whether the Bitcoin goes up or down. When the Bitcoin goes up the investor will get USDT for return, when the Bitcoin goes down then the investor will get BTC for return. Especially in the sideways, there is a very low-profit rate at futures and contracts, the Dual-Currency shows its advantage. After all, 1% a day is so tempting to many investors, however, its daily quota is limited which need to snap it up.

Recently, after the launch, YFI attracted a lot of attention from investors. In a very short time, its price surpassed Bitcoin, reaching a peak of $44,000, more than double the price of Bitcoin at its peak. This is the first time bitcoin has been surpassed by other tokens since the blockchain was created in 2009. What's the reason behind YFI's price surge? Which token will break $100,000 first, YFI or Bitcoin?

YFI is the token of Yearn, as a reward to the people who use the agreement, yearn added the liquidity mining function into it. The original price of YFI is 0, and the community will decide the subsequent price of the token. Yearn belongs to the DeFi project, it can be seen as a built on the Ethereum smart banking. As the interest rates of different pools in the DeFi Liquidity Mine project are so volatile, and the manual selection of a higher annualized pool is complicated, so Yearn simplifies the process. By interacting with smart contracts, we can look at the annualized returns of different lending platforms and then automatically allocate funds to match users to the pool with the highest returns through Yearn.

Currently, there are many mobile mining platforms, such as Aave, dYdX, Compound, Nuo, Fulcrum, and so on. However, each platform has standardized interest rates, different quote mechanisms on the chain, different annualized returns, and as providers of liquid funds, they certainly want to put their money where the interest rates are highest. And Yearn­ is acting as a leading aggregator, interacting with smart contracts to see the annualized returns of different lending platforms, and then redirecting users' money to the platforms with the highest annualized returns. The process could also lower gas charges so that no trace could ever return, rather than having 200 users pay once for every liquidity provided.

Since Yearn has been able to generate higher returns for users who supply mobile mining, its YFI was immediately snapped up by the communities. YFI issued only 30,000 copies, a very limited number, and all of them were snapped up when it was launched on July 26.

After YFI was issued, to ensure that liquidity would not be withdrawn on a large scale, some community members put forward a proposal to increase the weekly issuance volume of each mining pool, but it was not approved due to insufficient participants. So, a hard fork was initiated by the community members in favor of the proposal, and a new project, YFII, was created with essentially a similar name as YFI. After the launch of YFII, driven by the YFI price, it soared as high as $9,489, nearly becoming the second token that to surpass the price of Bitcoin.

After understanding the value of YFI and the current price, many people believe that YFI will be the first to break through $100,000 before Bitcoin. Firstly, DeFi attracting a lot of institutions and individual investors to jump in the pool. Secondly, the total circulation of YFI is only 30,000, which is one of the 70 percent of the total circulation of Bitcoin, making it easier to change the market direction. However, investors who have experienced several super bull markets are preferred Bitcoin. In the past 10 years, BTC is the best investment products, in total, the price increased by more than 600,000 times, and this year is the third time that BTC halved in half, according to the market analysis of the first two halvings, BTC will be in a surge in the next few months.

Bitcoin halved for the first time, doubling its price 100-fold. The second time after it has halved, the price increased 30-fold. At that rate, this time, bitcoin's halving is expected to rise tenfold, or more than $100,000, so now is the perfect time to buy bitcoin.


However, buying Bitcoin ETF (BTC3X) is better than buying BitOffer Bitcoin futures. It adds 3 times of leverage based on futures, and also adds intelligent dynamic mechanism and fund compound interest calculation. The yield starts from 3 times the lowest and can reach up to 17 times the highest. This means, when the Bitcoin gets surge ten times, a Bitcoin ETF (BTC3X) could rise as much as 170 times over the next few months, making it a much cheaper bet than buying cash.

In June 2019, the Exchange Bitsane closed down and refused to withdraw money, which involving more than 246,000 people.

In July 2019, Btron exchange closed down. Due to the rights defending from a large number of people, Btron returned most of its assets and was praised as "the integrity exchange, lifts the mud without staining it".

When the Fubit exchange collapsed on May 28th, investors found the company's address and arrived there with only an empty office left.

There are more cases similar to what was mention. Although many exchanges did not abscond with the money, many people might hear of the uneven quality of exchanges, such as there are frequent cases of behind-the-scenes manipulation as well. Many of the exchanges' users have suffered huge losses from the influence of those behind them, in addition to concern about the risk of market conditions, their operation strategy, but also worry about the “murder” from the platform.

Still, many users are taking high risks in pursuit of high returns from high leverage. In terms of risk control, most people will set up self-damage, but this method only cures the symptoms and cannot recover the losses caused by the explosion. Nowadays, the digital currency derivatives market has been very well developed, and we can hedge the risks with various combinations of trades. What I want to share with you today is to use correctly with the option and futures to gain without lose under the market explosion.

About Bitcoin Option
What we take in this article is with the lower cost to buy a bitcoin option on the BitOffer exchange. To choose from the expecting direction up or down (call option and put option), you can earn as much as the bitcoin goes up or down in the futures. It has the same equity as the stock, but it costs less principal.

For example, now the Bitcoin price is $10,000:
1. Open long 20X Bitcoin at $800;
2. Meanwhile, buy 2 put options contracts on BitOffer

It is worth noting that the option and the futures should be reversed operation, the open-short plus call option, the open-long plus put option, to play a hedge, to ensure that the steady income.

After then, there will be 2 situations:

The first situation: When the Bitcoin price increases by $200 (+2%)
1．Open long 20X Bitcoin: Earning 40% in profits, $320.
2．Lose the premium that you use to buy put options contract: -$60.
3．The net profit will be $320-$60= $260

The second situation: When the Bitcoin price decreased by $200 (-2%)
1. Open long 20X Bitcoin: Losing 40%, $320.
2. The Put Options contracts You buy earn $400.
3. The net profit will be $400-$320–$60=$20.

Through the above hedging operations, we found that no matter whether bitcoin goes up or down eventually, we can achieve a stable profit. It is worth noting that the above options specifically refer to the BTC options (American version) issued globally by BitOffer Exchange, which is characterized by zero margins, zero handling fee, and no explosion mechanism. If you choose traditional European options such as OKEX and JEX, then you cannot hedge and there is liquidity risk.

In addition to hedging the risk, this method can also for hedge stock. The biggest difference between option and stock is that the cost of buying a BTC with the spot is $10,000, while an option only needs $5. If the bitcoin rises to $15,000, the spot profit is $5,000 and the cost is $10,000. Meanwhile, a bitcoin option earns $5,000 with only $5 costs, which is 1,000 times from the cost. This is the unique charm of options, the limited risk with unlimited benefits.






 

At the time of this writing, according to Population Matters, there were an estimated 7.8 billion people on earth. While you reading this, the world's population continues to grow slowly.

As the dollar is the agreed global reserve currency, we can imagine everyone owning at least a dollar or trillions of dollars worth of other surplus assets.
Dollars are being printed by a huge margin which at a much faster rate than population growth. This applies not only to the dollar but to the currencies of other countries around the world.

Except for Bitcoin

Between its creation in 2009 and 2140 the year that end of the mining cycle, there will be 21m bitcoins Bitcoins been produced (some of which are permanently lost). As of today, about 87% of the total amounts of Bitcoins have been mined. Over the next 120 years, there are remaining roughly 2.8 million bitcoins which are getting exponentially difficult to produce.

Calculate form the current population and currently available bitcoins, we can infer that by distributing bitcoins equally among everyone on the earth, each person would get 0.00234,497 bitcoins. Or, to put it another way, would be about 234497 Satoshi.

Just as we use penny for a fraction of the pieces dollar, we also take Satoshis for a fraction of the tiny bitcoin. In the future, the reality is that most of us will tend to buy and sell Satoshi bitcoins, as the value of Bitcoins will go to a higher level.

At the time of this writing, the price of Bitcoin is about $9,200 and will cost you $20 to own 0.00234,497 bitcoins. In other words, in present, for only $20, you're mathematically guaranteed to have more Bitcoins than the average person on the Earth has in the future.

However, it is a simplification that intentionally excludes many other factors, so we need to look deeper into the actual Numbers.

Eventhough there are still more than two million bitcoins waiting to be mined, but in the next 120 years, more people will be born on earth.

Understandably, the projections for the global population in 2140 are varied, but assuming we haven't blown ourselves up or discovered some other ingenious way to wipe humanity off the face of the earth, we should expect the number to reach 12 billion by then.

Similarly, with simple math, if you want to buy bitcoins for your great-grandchildren, meanwhile all remaining bitcoins have been successfully mined, you would need 0.00175 bitcoins or 16 dollars.





However, there is a significant amount of bitcoin has been lost and may never be recovered. In the early days, bitcoin had no value and was easy to purchase. Those who started mining just for fun in the old-time now having accumulated hundreds (or even thousands) of bitcoins. However, some of them already forget about it or lose the private keys. Without the private key, the Bitcoins will never be recovered.

James Howell, a prominent IT worker in the UK, dug up 7,500 bitcoins in his early days and accidentally discarded the hard drive where the keys were stored. The hard drive is in a landfill in Wales, and Howell fails for attempting to get permission from the City Council to assess the landfill.

Howell's story is not rare. The Internet is full of people that tell stories about their loss. These kinds of things are still happening today.

There are many estimates and methods for estimating lost bitcoins, which are always visible on the blockchain, but never accessible and there is no way of knowing who they belong to. If we need 0.0023188 Bitcoins then we should have our minimum average amount or $20 worth of bitcoins.

There are also other investment choices. The biggest feature of BitOffer is that no matter whether it is a bull market or a bear market, it has the opportunity to obtain up to a thousand times of excess income without any margin or handling fee. Bitoffer options provide 7 choices from 2 minutes to 7 days. Besides, it is worth mentioning that the bitcoin option spot index is composed of the equivalent weights of 7 exchanges.

In terms of operation, bullish is expected to buy, and bearish is expected to buy. The profit calculation is the same as the spot when buying up, how much will increase in the period to earn, when buying falls, how much will fall in the period to earn In short, it is to use a very small principal to bet on the ups and downs of the future range, to obtain high returns. Recently, Bitoffer launched the strongest Ethereum option, with 0 margins, 0 handling fee, and no need to exercise.

Since rebounding from its Lows in March, Bitcoin has struggled to move higher which keeping ups and downs in a range of $9,000 to $10,000.

Despite the money pumped into the market by central Banks, bitcoin has yet to reach its five-figure value. This time, investors are either putting all their cash in the bank or pushing up the share prices, even include the share prices from the bankrupt companies.

Lucian, chief analysis at BitOffer, trust Bitcoin will be keeping the rise in the long-term. He advises that don't be distracted by the short-term price and to focus on the further future.

We could compare with a series of charts depicting this growing confidence from the investors.



Starting with the supply record, 61% of the bitcoin supply has been unchanged for more than a year. The high level of this record is a clear sign that investors are looking for the higher value. In addition, 44% of the bitcoin supplies has not moved in more than two years, which close to the all-time high again. Meanwhile, nearly 30% of supplies have not moved in more than three years.

The number of bitcoin destroyed per day has been declining since the bull market of 2017 and is now at its lowest level since 2016 (the lower the CDD means the more long-term hoarders). Bitcoin Coin days Destroyed is the number of Bitcoin traded on the chain multiplied by the number of days the currency was held. The greater the number indicates the greater the risk of selling pressure on the secondary market.

Another indicator of long-term investors' high confidence in Bitcoin is the reserve risk, which at current levels suggests a ratio of attractive risk/return.

MVRV is the ratio of the market value of a digital currency asset to its realized value. It can be used to help measure the market tops and bottoms of digital currency assets, and 1 is an important cut-off point for MVRV. The MVRV above 1 indicates that the average market valuation of speculators is higher than that of holders. The MVRV below 1 indicates that the market valuation of the holder is higher than that of the current speculator.



After a long bear market, it usually falls below 1. The MVRV long/short difference represents the point at which the average short- and long-term trader get the profit.

Active indicators increase as long-term investors unwind positions and decrease as long-term investors accumulate holdings. Since 2019, activity indicators have shown a downward trend.

In fact, the number of occupied and lost bitcoins has grown 8% since the beginning of 2019 and is now more than 7.3 million, which is 40% of the bitcoin supply in circulation. The Bitcoin Hodler has been accumulating heavily this year, according to the chart, the change in BTC Hodler's data has been negative for only 16 days.

In the process, the average age at which bitcoin moves along the chain has been falling since 2018, according to MSOL.

Meanwhile, the amount of bitcoin that transferred through the chain has stagnated since 2016, despite the growth of the web, which is a clear indication of people reluctant to spend their Bitcoin.

Furthermore, Bitcoin's velocity, which measures the speed of units of assets moving through the network shows that it has fallen to its lowest level in a decade.

The balances of Bitcoin on varies exchanges have been falling since March, possibly in part because investors have chosen to host their own bitcoins. So overall, the market is bullish for the long term, with investors piling up the leading cryptocurrency to wait for the next big bull market.

The biggest feature of BitOffer is that no matter whether it is a bull market or a bear market, it has the opportunity to obtain up to a thousand times of excess income without any margin or handling fee. Bitoffer options provide 7 choices from 2 minutes to 7 days. Besides, it is worth mentioning that the bitcoin option spot index is composed of the equivalent weights of 7 exchanges.

In terms of operation, bullish is expected to buy, and bearish is expected to buy. The profit calculation is the same as the spot when buying up, how much will increase in the period to earn, when buying falls, how much will fall in the period to earn In short, it is to use a very small principal to bet on the ups and downs of the future range, to obtain high returns. Recently, Bitoffer launched the strongest Ethereum option, with 0 margins, 0 handling fee, and no need to exercise.

Sign up and enter the referral ID 007RTX to get $50.
https://www.bitoffer.com/en/register?invite_code=007RTX

The history of the world's reserve currencies over the past 600 years shows there have been several dominant countries at different times: the Netherlands, the UK, and the US. At every historical stage, the world's reserve currencies cames along with their strong economic fundamentals and military might.

So far in human history, no single dominant force has been able to stay on the top. The Netherlands, Britain, and the United States were the dominant forces in the past 500 years, but they all in a trend of replacement.

With the establishment of the new world order, any replacement of the world reserve currency completed with decades or even hundreds of years. The US now printing lots of dollars and generating and debts, which shows a similar historical scenario.

Bitcoin is the product of the interactive development of the internet and finance, as well as the development of the times. Bitcoin is a currency issued based on a set of internet protocols rather than credit. Without issuer,  third-party institution, and regulatory authority. The generation, transaction, and exchange of Bitcoin are all completed jointly by all nodes of the entire Bitcoin network.

Because of the sharp fluctuation of the exchange price of sovereign currency, and its super-sovereign currency feature has also attracted the attention of the public. Bitcoin is also a value symbol and the value is reflected in the exchange. However, it differs from sovereign currencies in that no country or economy guarantees Bitcoin, and its purchasing power is not linked to any  GDP of the economy. The whole process from the generation to the circulation of Bitcoin is based on the credit of the entire Bitcoin network. The core value of Bitcoin lies in its independent and free structure, which ensures that any transaction is valid.

In the complex context of this transition, Bitcoin has the potential to seize a rare historical opportunity to make the jump from the hundred-billion-dollar to the trillion-dollar level. If bitcoin doesn't make that leap in its second decade, it has little chance of becoming the digital gold or one of the major reserve currencies of the new era. Overall, though, future uncertainty gives Bitcoin the chance to jump.




The market lacks an investment that could resist the risk of volatility and at the same time bring certain returns. The dual currency emerged as the times require. Different from the existing interest-bearing deposit and currency financing, dual-currency determines the income settlement method based on the "pegged price". Dual-currency financing can gain value from one of the two digital currencies.

Taking BTC/USDT dual currency which recently launched by BitOffer as an example

Dual Currency 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.

In this way, we can realize that Dual Currency is a product that enables investors to earn a stable profit from the cryptocurrency market. Even its profit seems to be higher than holding tokens on the spot trading market, but unlike leveraged trading, the risk is much lower.

Here is an example of investing 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 a 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.





Dual-currency is very suitable for stable investors who are averse to fluctuations. If such investors only hold the currency, it is difficult for them to get extra income in the current volatile market. Dual-currency finance can ensure the growth of investors' accounts at the given rate of return.

BitOffer as the largest digital currency derivatives trading platform, committed to providing investors with a richer, more appropriate investment category, the pioneering BTC, ETH, BCH, BSV various mainstream currency options, day trading user must, recently launch BCT/USDT dual-currency money, for investors in an uncertain market environment, provide deterministic appreciation, fearless and double benefits.

Sign up and enter the referral ID 007RTX to get $50.
https://www.bitoffer.com/en