Don’t Wait on the Trend. Earn the Trend - A Tutorial on Bitget Smart Trend
The crypto market can be a hazardous place. Traders all around the world buy and sell crypto 24/7 and one tiny oversight may translate into a costly mistake. To make things more complicated, no one can tell which direction the market is going and by how much.
Bitget Smart Trend to the rescue! With one subscription, you’ll be able to profit whichever way the market is going without having to keep an eye on the price all day long.
What is Bitget Smart Trend?
Leveraging fixed-income assets and options, Smart Trend is our latest innovation towards a new financial horizon. It is a principal-guaranteed product that balances rewards and risks on a fine edge. You can make your predictions with your subscription and enjoy amplified rewards when the price is moving in your favor. Even if you’ve made the wrong bet, you can still enjoy a basic APR at settlement.
How does Bitget Smart Trend work?
It works both ways.
You can either subscribe to our bullish product and enjoy benefits when the underlying’s price goes up, or bearish products for more returns from its depreciation.
All Smart Trend products will settle 7 days after they start earning interest and each product comes with a unique price range and APR.
Take our Bullish BTC Smart Trend product for example. Say it comes with a price range of $28,500 to $31,000 and an APR range of 2.00% to 4.89%. As a subscriber, at the time of settlement:
if BTC drops below $28,500, you will earn our guaranteed 2.00% APR for the last 7 days;
if BTC is trading between $28,500 and $31,000, you will be rewarded with an extra APR that scales proportionally to the difference between BTC’s settlement price and $28,500;
if BTC goes above $31,000, you will always earn the highest APR - 4.89% - regardless of its actual price.
Try out our Bearish products if you’re bearish on an asset. They work the same way, but the APR goes in the opposite direction to the underlying’s price change.
Take our Bearish BTC Smart Trend product for example. Say it comes with a price range of $24,500 to $27,000 and an APR range of 2.00% to 8.16%. As a subscriber, at the time of settlement:
if BTC goes above $27,000, you will earn our guaranteed 2.00% APR for the last 7 days;
if BTC is trading between $27,000 and $24,500, you will be rewarded with an extra APR that scales proportionally to the difference between BTC’s settlement price and $27,000;
if BTC drops below $24,500, you will always earn the highest APR - 8.16% - regardless of its actual price.
Where do I start?
To subscribe to our Smart Trend products, sign up or log in to your Bitget account.
Choose ‘Smart Trend’ under ‘Earn’ from our top navigation bar or click on this link.
Browse through our hottest Smart Trend products and click on ‘Subscribe now’ once you’ve made your decision.
Peruse all details, including APR, price range, and settlement time before entering the amount of your subscription and clicking ‘Confirm’. Your assets will be locked up after confirmation.
You can check your ongoing and past subscriptions via this link, or under the ‘Smart Trend’ tab in your Earn account.
I still have some doubts…
Is Smart Trend risky?
As a principal-guaranteed financial product, Smart Trend is able to cap its risk to a very limited range. Subscribers will be guaranteed a base APR no matter what. It should be noted, however, that since your principal is in crypto, there are certain inherent risks, such as the depreciation of the underlying cryptocurrency’s value relative to fiat currency.
Are price ranges fixed?
In the case of violent market fluctuations, we may adjust the price range of each Smart Trend product for optimal returns before they start earning interest (value time). It means the price ranges will not be fixed before the subscription closes. Once everyone’s assets are locked and loaded, however, the price range will remain the same.
When will I get my interest?
Your interest and principal will be redeemed within 24 hours after settlement time.
Bitget Smart Trend is the latest recruit in our Earn products, with a similar APR pattern to our Shark Fin product but a higher tolerance for the accuracy of your price prediction. With some simple strategies, it can become a reliable hedge against most fluctuations.
Sign up now to start exploring our plentiful pool of financial products at Bitget!
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