How To Stack More Cheap Bitcoin By Copying Top Traders On PrimeXBT
The Bitcoin price is in a bear market, but the underlying cryptocurrency fundamentals continue to grow. Eventually, the extreme bearish sentiment will shift to positive bullish price action again.
Meanwhile, the wisest investors and traders see the recent downtrend not as a challenge but as an opportunity to load up on cheap BTC when the tide turns.
In addition to buying the dip in crypto and trading to increase your capital, copy trading at PrimeXBT can be an excellent way to stack more Bitcoin while prices are low.
Smart investors know that Bitcoin is on fire
Although the crypto market is dark, it won’t last very long. Intelligent investors know that markets are cyclical, and when price extremes coincide with sentiment, that is often the turning point.
Fear is a powerful emotion, and only the boldest buy themselves a dive into crypto. More cautious traders trade volatility to its lowest level, taking profits when possible to secure gains and keep capital growing.
The Bitcoin price is back at 2017 levels, offering investors a time machine to reap the benefits of Bitcoin they missed on the way up. Investing $1,000 in Bitcoin when it was priced at $50,000 bought 0.02 BTC, while today $1,000 gives you almost three times as much in BTC. Stacking more BTC with less money is now possible for the first time in years.
Dipping your toes back into crypto water
PrimeXBT is the perfect platform to get back into the cryptocurrency market after the long crypto winter. After signing up for a free account, it is possible to fund an account using crypto or buy BTC, ETH, USDT, USDC and other popular cryptocurrencies with a debit or credit card. Once the account is funded, assets can be held long-term in a secure cryptocurrency wallet or used as collateral to trade more than 100 different trading instruments.
By using the power of long and short positions with leverage, crypto traders can hedge risk and stay nimble while the market is volatile and new lows are possible.
Base collateral can be traded using stablecoins such as USDT and USDC to avoid the impact of withdrawals on capital levels, then converted to BTC to increase your stack. Alternatively, you can keep your trading account denominated in BTC to focus solely on building your Bitcoin holdings for the next bull market.
Look beyond buying and trading for returns
These are the most prominent methods to stack more BTC during the bear market while the prices are still so cheap. However, copy trading on PrimeXBT is a passive way to earn Bitcoin by copying top traders on the award-winning trading platform.
A unique competitive differentiator offered at PrimeXBT includes the Covesting copy trading module – where traders can become strategy leaders and investors can become followers.
Followers can use the system to automatically copy the trades of the strategies they follow. The benefits of copy trading involve letting others do the hard work and dealing with market volatility while still being exposed to profit potential by investing in more skilled or experienced traders.
Top traders on the copy trading charts boast between 1,000 and 4,000% ROI on the high end, which anyone can follow using cryptocurrency-based security.
How copy trading can increase your stack
Following BTC-denominated copy trading accounts ensures that all income is generated in BTC, building your stake while passively investing in top-rated traders.
Followers get access to a multitude of risk protection tools, which allow them to take profit or set stop loss levels and avoid unwanted withdrawals. It is also possible to follow more than one strategy at the same time, and spread risks and opportunities further.
PrimeXBT strategy managers are able to trade today’s hottest global financial markets, including crypto, commodities, stock indices and forex currencies.
Additional products and services offered alongside margin trading and copy trading include an educational website, weekly trading competitions, yield accounts and an award-winning mobile application.
Increase your BTC holdings by following PrimeXBT copy traders
With Bitcoin prices lower than they’ve been in years, don’t freak out – follow the path to more BTC by copying top traders on PrimeXBT. The minimum investment level is small and affordable, but the benefits are huge.
Cryptocurrencies won’t be this cheap for long, so check out Covesting copy trading on PrimeXBT and don’t miss your chance to build your stack by leveraging the profitability of more skilled traders from around the world.
Disclaimer
Any third party hyperlinks and banners do not constitute an endorsement, guarantee, endorsement, guarantee or recommendation by BeInCrypto. Cryptocurrencies are highly volatile. Do your own research before using third-party services or considering financial actions.