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.

sideways better then bearish?

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.

The potential of ETH is big and with the rolling out of ETH 2.0 the potential is even bigger now. Of course there are associated risks with this but in the end we cannot go on without taking risks. Judging by the current metrics of the activity on ETH and the interest of retails investors a.k.a the demand on ETH on exchanges like BitOffer , Coinbase, Primexbt, Kraken etc.. we can clearly see that the interest is growing.

I didn't think that there is all perosn in world who invest in Bitcoin , their is more than 80% who still didn't know about bitcoin . I think holders already hold a Good Amount of capitle in Bitcoin or in others currency .

This is an analysis of an ideal situation, this indicated that we should at least holding more than 0.0025 Bitcoins should be better in that situation.

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.