CRYPTO Trading Just Got A Lot Easier! #Shorts



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I want to learn how tor trade my cryptocurrency coins like Bitcoin, Ethereum. Just holding on to these is really boring.

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Crypto expert: Well, trading cryptocurrency just got a lot easier with Crypto.com’s new updown options.

Man: That sounds great but what are those?

Crypto expert: Well, updown options allow users the ability to potentially profit by forecasting how a coin’s price will move.

If the user believes the coin’s price will increase, they can buy an up option, and basically open a Long position.

Conversely, if they think the price will go down, they can also sell and open Short positions.

Here are some other benefits to doing updown option. You gain control more over your risk knowing the maximum upside and downside.

You’ll be able to trade with a lower cost and you’ll also be able to hedge against price dips.

Man: The sounds great, but how do I get started? What do I need to do?

Crypto expert: All you have to do is download the Crypto.com app today.

Just click the links down below and use my referral code “Joeparys” and you’ll even get $25 absolutely free in $CRO token.

➡️ Get $25 in FREE CRO by signing up with Crypto.com:

Will you try updown options with Crypto.com?

Let me know in the comments! ?

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? What are UpDown Options in crypto? Learn more about what they are, the benefits and drawbacks of trading them, and when best to use them.

Key Takeaways:

– Options are mainly used for hedging and trading price movements. Although most types of options are complex, UpDown Options’ capped ceiling and floor can help traders mitigate some risks.

– UpDown Option positions automatically close if the underlying asset price touches a predetermined ceiling or floor price.

– The potential benefits of trading UpDown Options include built-in protection via clearly stated floor and ceiling prices, automatically taking profit and potentially limiting losses, gaining full price exposure to an asset at a fraction of its price, and facilitating hedging for specific needs.

– However, UpDown Options can potentially limit one’s profits as well. Additionally, for traders who want to keep their position open for a longer time, there is the risk of positions being closed out early in volatile markets.

➡️ Get $25 in FREE CRO by signing up with Crypto.com:

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For business inquires only, please use this email: info@joeparys.com

DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

Affiliate Disclaimer: These descriptions usually contain affiliate links. If you decide to purchase a product through one of them, I receive a small commission at no cost to you. I never endorse products that I have not personally used myself or not found to be beneficial in my life.

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