Abstract:
The price and purchasing guide of Bitcoin contracts have always been topics of interest for investors. This article will elaborate on four aspects: the trend of Bitcoin contract prices, how to purchase Bitcoin contracts, the risks of Bitcoin contracts, and points to pay attention to, helping readers better understand Bitcoin contracts.
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I. Trend of Bitcoin Contract Prices
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In March 2020, Bitcoin contracts began to decline, plummeting to $3,782.8825 on March 12. Due to the global outbreak of the COVID-19 pandemic, market panic intensified, and Bitcoin was not spared from the stock market crash. However, Bitcoin began to gradually rebound, rising again to $7,229.5676 on April 15, and has since shown an upward trend.
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In May 2021, Bitcoin contracts entered a bullish market, reaching a peak price of $64,000 for a single Bitcoin. The decrease in the number of miners and the increased difficulty of Bitcoin mining led to a rise in Bitcoin prices.
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Currently, Bitcoin contract prices are highly volatile, which may have a certain impact on investors' psychology. Therefore, before purchasing Bitcoin contracts, it is necessary to carefully assess the Bitcoin market, reasonably evaluate Bitcoin prices, and allocate personal investments appropriately.
II. How to Purchase Bitcoin Contracts
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Open the exchange website and complete real-name authentication, filling in the information as required.
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Verify and bind your bank card or Alipay account.
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Recharge funds. Recharge methods include bank transfer, Alipay, WeChat, Huabei, etc., with specific requirements depending on different exchanges. When recharging, pay attention to selecting the fund account and the amount for the transaction.
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Enter the trading interface and select to buy contracts. On the trading interface, choose Bitcoin contracts, select the quantity to buy, and set parameters such as price, then click buy.
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Implement reasonable risk control and asset allocation, deciding on the holding time and selling timing. During unfavorable market conditions, do not blindly chase prices, as this may lead to losses.
III. Risks of Bitcoin Contracts and Points to Note
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Market risk. Bitcoin contract prices are highly volatile, with risks and opportunities coexisting. Investors should enter the market cautiously and control risks.
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Security risk. Bitcoin trading is a decentralized transaction, unlike traditional investments that have regulatory bodies, so it is necessary to choose a trustworthy trading platform to ensure investment safety.
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Operational risk. Even with high operational permissions on Bitcoin trading platforms, one should be extra cautious, especially during trading, to avoid casually exposing personal trading information, such as passwords and account details.
IV. Conclusion:
Bitcoin contracts are an emerging investment method, with prices influenced by various factors. Investors need to pay attention to risks and conduct risk assessments when purchasing Bitcoin contracts. Choosing a legitimate trading platform, establishing a correct investment philosophy, implementing stop-loss and profit-taking strategies, and controlling risks will enable better gains in Bitcoin contracts.