Hi everybody! In this video, we will discuss what Short & Long Tokens are!
Have you ever heard the term Short Token or Long Token? If not, you can watch a video about short tokens that we made before!
To recap, short tokens are tokens that can help provide profit opportunities when the market is experiencing bearishness. So, short tokens are very useful, especially for traders so that they can still make profits even though the market price is falling.
In this video, we will discuss 3 new short tokens, namely Short XRP Token or XRPHEDGE, Short BNB Token or BNB HEDGE, and 3x Short Bitcoin Token or BEAR. These three short tokens can already be traded on the spot market, like Indodax, you know!
Then, what is a long token? And actually, what is the difference between a long token and a short token?
So, long tokens are tokens that can help provide even higher profit opportunities when the market is experiencing bullishness. Currently, in spot markets such as Indodax, long tokens are available, namely 3x Long Bitcoin Tokens or BULL that enter the USDT Market.
But, how does it work? Isn’t it in the spot market, we can only make a profit when the price matches the difference between the buying and selling prices? Well, here’s the thing that makes it unique!
Short Tokens such as XRPHEDGE, BNBHEDGE and BEAR have price movements that are opposite or inverse to the price movements of XRP, BNB and Bitcoin. So, if the prices of XRP, BNB, and Bitcoin are going down, traders can still profit by owning XRPHEDGE, BNBHEDGE, and BEAR. Why? Because, that means the price of these 3 tokens is going up!
Short XRP Token or XRPHEDGE which is a derivative token of XRP has movements that tend to be opposite to XRP price movements. Just like XRPHEDGE, traders will benefit from BNBHEDGE when there is a decrease in the price of BNB.
Next, 3x Short Bitcoin Token or BEAR. What are BEAR tokens? What do you think is the difference between 3x Short Bitcoin Token or BEAR with HEDGE token or 1x Short Bitcoin Token? Aren’t all of them the same Bitcoin Short Token? Curious, huh?
So, the difference lies in the multiples of the profits earned, where BEAR tokens can provide 3x profits when the Bitcoin price drops! Currently, BEAR is available on spot markets such as Indodax on USDT Market.
For example, the current Bitcoin price is at 500 million Rupiah and the BEAR price is 3 million Rupiah. Then, there was a 5 percent price drop in Bitcoin, bringing the price to 475 million Rupiah. However, what happened to the 3x Short Bitcoin Token or BEAR was a 15% percent price increase, making the BEAR price Rp. 3,450,000 (three million four hundred and fifty thousand Rupiah)!
Wow, interesting, huh?
Now, we return to the discussion of long tokens. Don’t you know? 3x Long Token or BULL is a token that can give you more profit when Bitcoin price is bullish!
For example, there is a 5 percent price increase in Bitcoin, then the BULL price will increase in price by about 15 percent on the BULL. Thus, it allows traders to profit faster and more!
Well, this Short & Long Token is very useful for traders to be able to manage risk and act as a protector that prevents big losses, especially when the crypto climate is unstable. In addition, Short & Long Tokens can help traders manage margins.
Oh yes, because traders can buy XRPHEDGE, BNBHEDGE, BULL, and BEAR like other ERC20 tokens on the spot market, so traders don’t need to manage collateral, margin, or liquidation prices like in the futures market.
For that, Indodax is here as a place for traders who want to have XRPHEDGE, BNBHEDGE, BULL, and BEAR easily and quickly!
Want to have Short & Long Tokens? Come on, buy it now at indodax.com and don’t forget to subscribe to our YouTube channel!