Keep Cuan When The Market Is Red, Investors Can Buy These Tokens At Indodax

Indodax CEO, Oscar Darmawan. (Photo: Doc. Antara)

JAKARTA - In recent times, the crypto asset market has indeed been red or experiencing a decline. However, there are crypto assets that are still on the rise. Some of them are short tokens.

Indodax CEO Oscar Darmawan also explained about this token short. These tokens experienced an increase when the prices of Bitcoin, Ethereum, BNB and Ripple decreased because the concept of short was inversely proportional. According to him, this token is very useful especially when the crypto market conditions are red.

"Short tokens have a system where when the price of crypto assets Bitcoin, Ethereum, BNB and Ripple is down, investors can still make profits by short tokens," he said.

At Indodax, there are several short tokens in question, namely HEDGE (1x Short Bitcoin Token) which is a derivative token from Bitcoin, BNBHEDGE (1X Short BNB Token) which is a derivative token from BNB Coin, ETHHEDGE (1X Short Ethereum Token) which is a derivative token from Ethereum, XRPHEDGE (1X Short XRP Token) which is a token derived from Ripple, and BEAR (3X Short Bitcoin Token) which is a token derived from Bitcoin.

Short types of BEAR and HEDGE tokens are both derivative tokens of Bitcoin, but have a fundamental difference which lies in the multiples of the profits obtained, where the BEAR token can provide 3x profit when the Bitcoin price drops compared to HEDGE.

If it is simulated, if the Bitcoin price is at Rp. 550 million and the BEAR price is Rp. 4.5 million. Then, there was a 5 percent price drop in Bitcoin, bringing the price to IDR 522,500,000.

However, what happened to the 3 times Short Bitcoin Token or BEAR was a price increase of approximately 15 percent, thus bringing the BEAR price to IDR 5,175,000.

"If investors want big profits, BEAR can be bought when Bitcoin experiences a large percentage spike, so the discounted BEAR percentage can be 3 times so it's cheaper, then stored and resold when Bitcoin prices are down by a large enough percentage," he added. Oscars.

Long Token

Not only short tokens, Indodax also sells a type of token called long token which can help investors to keep getting higher profits when they are bullish. The token is BULL (3X Long Bitcoin Token) which is a derivative token of Bitcoin where this token can provide more profit when Bitcoin price is bullish so investors can get more profit.

“Similar to BEAR, the gain or loss from BULL is also 3 times the multiple of Bitcoin. So, if you want big profits, BULL can be bought when the Bitcoin price was discounted by a fairly deep percentage yesterday, then stored and resold when it spikes later," said Oscar.

"So it can be concluded that the price goes up or down, actually investors can still make a profit trading at Indodax. By choosing an okay token, I think it's still possible when the market is red. If you are still confused about how to invest in buying and selling cryptocurrencies, Indodax has an educational channel called Indodax Academy that you can use to learn," concluded Oscar. For additional information, Indodax is the largest and most trusted startup buying and selling crypto assets in Indonesia that trades more than 180 crypto assets. Now, serving more than 5 million members.

Deposits can start at a price of IDR 10,000. Indodax has an offline counter that can be used by members for consultations located in the Sudirman office center, South Jakarta and Sunset Road in Bali.