Cryptocurrency Betfair Trading: Great Bitcoin Strategies

Betfair Trading volume in Bitcoin derivatives has exploded!

When Satoshi Nakamoto released the Bitcoin white paper on 31 October 2008, he was most likely astonished at how quickly Bitcoin would evolve into a multi-billion pound Betfair Trading vehicle. In less than 10 years, Bitcoin (BTC) finds itself on the verge of being recognized as a major asset class within the investment community. Betfair Trading volume in Bitcoin derivatives has exploded during the past few years and there are many great Bitcoin strategies to try. In this article, we take a look at some of the main ones and help decide whether they’re right for you.

Bitcoin Futures Are on a Tear

The Chicago Mercantile Exchange (CME) recently reported a record level of volume for its BTC futures contract. As of 23 August, the average daily volume was 7,237 BTC contracts for 2019. This represents an increase of 132% from the same time period last year.

In order to take advantage of this recent surge in volume, crypto Betfair Traders need to develop some successful Betfair Trading strategies. Let’s examine a few of the great Bitcoin strategies being used within the crypto community below.

Are You a Bitcoin HODLer?

Arguably, the most popular investment strategy is to “buy and hold.” This is popular among all asset classes. This would include stocks, bonds, commodities, alternative investments, and cryptocurrencies.

Within the cryptocurrency community, the “buy and hold” strategy has a special acronym known as HODL. The term originally surfaced in 2013, when Bitcoin was experiencing one of its many volatile price movements. As the volatility increased, many Bitcoin investors decided to “hold on for dear life.” Thus, HODL was born. Therefore, if your Bitcoin investment strategy is to buy and hold, you are known as a HODLer.

An argument could be made that buy and hold is the most profitable investment strategy among all asset classes, including cryptocurrencies. Why? Because it is a long-term investment approach that allows the investor to capture the big price movements over an extended period of time.

Unlike more aggressive strategies like short selling Bitcoin, buy and hold is known as a “passive” investment strategy because the investor is not required to make any short-term Betfair Trading decisions. Instead, the investor must simply maintain the position for several months or even years.

In addition to capturing long-term price movements, another positive aspect of long-term Betfair Trading is the fact that it is a very inexpensive way to trade. Quite often, a long-term trader will only place a few trades per year. Of course, this dramatically reduces the investor’s Betfair Trading fees and commissions. Consequently, he or she has a greater chance of realizing a profit.

Day Traders Increase Bitcoin Liquidity

In addition to “buy and hold,” another one of the great Bitcoin strategies is day Betfair Trading. In fact, Bitcoin day Betfair Trading has grown exponentially during the past few years. Why? Because Bitcoin is a perfect vehicle for day Betfair Trading based on the fact that it produces extreme price volatility.

Profitable day Betfair Trading is virtually impossible without volatility. Successful day Betfair Traders require their asset classes to generate large intraday price movements. This explains why Bitcoin has become the asset of choice among day Betfair Traders and in retail futures Betfair Trading.

As we briefly mentioned, the CME recently announced a record volume in retail futures Betfair Trading. The majority of this volume can be attributed to day Betfair Traders. As long as Bitcoin continues to provide volatility, day Betfair Traders will use it as their preferred Betfair Trading vehicle.

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The Bitcoin community owes a debt of gratitude to day Betfair Traders based on the fact that these Betfair Traders have added a tremendous amount of liquidity to daily Betfair Trading activity.

Now we know that day Betfair Trading is a popular strategy within the Bitcoin community, does this necessarily mean that it is a profitable strategy? The results are mixed. Certainly, there are a large number of day Betfair Traders who are quite successful Betfair Trading Bitcoin on a daily basis.

Conversely, there exists a large percentage of BTC day Betfair Traders who perform rather poorly. Without question, successful day Betfair Trading requires a certain skill set and discipline that most Betfair Traders don’t have. Although there is no statistical evidence, it’s probably safe to assume that the majority of Bitcoin day Betfair Traders are net losers.

Digitex Will Produce More Profitable Day Traders

Without question, successful retail futures Betfair Trading requires a tremendous amount of patience and discipline. This is particularly true for those who are Crypto Watchcurrency derivatives. As we just discussed, the majority of Bitcoin day Betfair Traders are net losers. The main contributing factor causing most day Betfair Traders to lose money is excessive fees and commissions.

Thankfully, Digitex Futures is in the process of building a commission-free futures exchange based on blockchain technology. The Digitex exchange will completely disrupt commission-based exchanges because Digitex will provide day Betfair Traders with a much better chance of becoming successful. This will make great Bitcoin strategies like scalping more profitable–and viable–for all.

Short Selling Bitcoin Is a Legitimate Strategy

The main difference between stock Betfair Trading and futures Betfair Trading is the fact that futures Betfair Traders have the option of buying or selling. As an example, if you believe Bitcoin is overvalued based on its current price, you can “sell short” a Bitcoin futures contract in anticipation of lower prices. Eventually, you can buy back the contract at a later date in order to close out the position. This explains why futures Betfair Traders have a tremendous advantage over stock Betfair Traders.

Whether you are a position trader or a day trader, short selling Bitcoin is a great tool to add to your overall Betfair Trading strategy. During the past few years, some of the most volatile moves in Bitcoin have been to the downside. Short selling allows Betfair Traders the opportunity to participate in these large moves.

Successful Betfair Traders will agree that capturing large price movements is absolutely essential to becoming consistently profitable.

Which Bitcoin Betfair Trading Strategy Is Best?

In terms of the best Bitcoin Betfair Trading strategy, there is no “one size fits all” answer. It depends on your preferred Betfair Trading style and length of holding period. For those Betfair Traders who favor a more traditional “buy and hold” approach, it would probably be a good idea to avoid day Betfair Trading. Instead, these Betfair Traders should concentrate on capturing the long-term trend of Bitcoin.

If you are a trader who enjoys the intraday price volatility of Bitcoin, perhaps day Betfair Trading would be the most suitable strategy for you. Whichever strategy you select, the most important detail to remember is to maintain discipline and patience. This is the “key” to successful Betfair Trading.

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