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Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to blockchain data, Bitcoin options transactions worth US$1 billion expired on the 26th. It can be said that the expiration of this benchmark Bitcoin option is the largest option expiration event in the history of cryptocurrency. So, what are Bitcoin options? In fact, Bitcoin options are a kind of financial derivatives based on Bitcoin. It means buying or selling a certain amount to the seller at a pre-agreed price within a specified period of time after paying the option fee. Bitcoin rights, but there is no obligation to buy or sell them. After understanding the meaning of Bitcoin options, what newbies in the currency circle want to know most is how to play Bitcoin options? Below, the editor of the currency circle will share with you the basic skills of Bitcoin options.

 How to play Bitcoin options

Bitcoin options are mainly played in a small and broad way, mainly when the market fluctuates. For example:

The current price of Bitcoin is 8,500 US dollars. You think that Bitcoin will most likely fall in the next hour, so you open a 1-hour option and spend 4 USDT. As you expected, Bitcoin plummeted by $500 in the next hour. The system will automatically settle at the expiration of one hour. You will receive a return of $500, which is equivalent to more than a hundred times the principal return. On the contrary, if Bitcoin rises within 1 hour, you will only lose 4 USDT principal. This means that the risk is limited and the return is unlimited.

 Basic tips for Bitcoin options trading:

1. Adhere to light position trading

For novices, when they first start option trading, profit is not the main purpose, but to accumulate experience, become familiar with the market, start trading on a smaller scale, insist on light positions, low cost, low risk, and reduce investor pressure. It will also be smaller. For example, on the CC options platform, the most
The low transaction threshold starts at US$5, and the maximum profit for a single transaction can reach 88%, which is at least 6% higher than the profit of other platforms in the industry. It is one of the formal platforms that is more suitable for light position operations.

2. Learn to predict trends

To predict the trend of assets and improve the accuracy of bullish and bearish calls, investors must understand before making transactions what are the data, political, and economic events that will affect asset trends and options markets? For example, trade wars, non-agricultural issues, etc. that affect the world , and you need to master the usage of some technical indicators, such as moving averages, Bollinger Bands, KDJ, etc., which are relatively simple and practical.

3.Select entry time

The choice of entry time is crucial for options trading, because the price of the underlying asset at expiration determines the payout. For time selection, investors can conduct trend analysis based on daily, monthly, and annual price changes.

4. Hedging risks appropriately

Hedging risks is a trading skill used in many markets. Novice options can use it appropriately. For example, if an unexpected situation occurs during a bullish trading period and the downward trend is obvious, investors can consider buying put options in time, which can reduce part of the risk. risk, and even turn losses into profits.

Through the above introduction, I believe everyone has an understanding of how Bitcoin options are played. Bitcoin options have a fixed expiration time and exercise price, so the scope of investors' operations is relatively small. However, since Bitcoin options have no threshold, you can play Bitcoin options even if you only have one yuan. Because of this, many investors If you want to invest in Bitcoin options, the editor of the currency circle here reminds investors that investment is risky and you need to be cautious when entering the industry, especially in the choice of exchanges.