Why “Bitcoin Skimming” Is a Better Way to Trade

[Trading With Larry Benedict]( Why “Bitcoin Skimming” Is a Better Way to Trade By Larry Benedict, editor, Trading With Larry Benedict Sam Bankman-Fried (SBF) lied to his customers. That alone is bad. But it’s even worse when those lies lead to losing billions of dollars of customers’ money. His deception came to a head when his crypto exchange, FTX, collapsed last November. Despite assuring customers that FTX was a good custodian of their funds, SBF had allowed his exchange to lend customer deposits to another company he founded, Alameda Research. A leak of FTX’s balance sheet revealed that the two companies were too closely entwined… and that FTX’s assets were less than he’d claimed. That was the beginning of the end, as customers rushed to withdraw their funds – and FTX came up about $8 billion short. The exchange, once valued at $32 billion, was forced to declare bankruptcy. Now, in recent weeks, SBF has been making more headlines with the start of his criminal trial. He’s potentially facing a life sentence in prison. Hearing dramatic stories like this may make some traders wary of cryptocurrency exchanges. That’s fair. But there’s another takeaway from SBF’s trial… The cryptocurrency industry is seriously cracking down on fraud within its sphere. Over time, this kind of crackdown will only have a positive impact on the crypto industry. But until then, investors will (rightly) still feel cautious about investing in cryptos. In that case, how can you invest or trade relatively safely in a sector that’s still so exposed to this kind of activity? The answer is actually quite simple: You play it the way I play it. I’ve uncovered a way to help regular investors (those who aren’t necessarily savvy with crypto practices and technology) profit from this sector without taking big risks. In fact, my readers have made gains like 37.8%... 98%... 72%... 41.6%... and more from the crypto sector. And even if you’re still cautious, the good news is that we’ve made all these gains without having to put money on a single crypto exchange or take on absurd risks. Let me explain… Recommended Link [The federal government tried to keep this from you]( [image]( They tried to ban this investing strategy eleven times. But now, thanks to a loophole in the 1940 Investment Company Act… It’s completely legal… and it has the potential to pay anything from $833 to $17,350 in as little as a week. Tomorrow, October 25th, at 8 PM ET, hedge fund market wizard Larry Benedict is revealing the full details. Including how you can get started with his three-step system as soon as Thursday morning. [RSVP Here]( -- Managing Risk My goal in recent years has been to find a way to profit from Bitcoin and other cryptocurrencies without the risk of potential fraud or crypto crashes. That’s because risk management has been one of the biggest lessons of my career. When I started out in the 1980s, I didn’t have it. My risk controls were poor. And my drawdowns were too big for the capital I had. I learned along the way. At Spear, Leeds & Kellogg, your risk controls – what they let you lose on a trade – were so tight. It completely changed the way I traded. Those lessons are how I went 20 years without a losing year. And the drawdowns – in other words, peak-to-trough falls for my profit and loss (P&L) – were probably less than 4%. That’s pretty much unheard of. That’s what impressed Jack Schwager enough to include me in his book Hedge Fund Market Wizards. That’s the kind of laser focus I turned on the crypto markets in recent years. I knew there had to be a way to profit from Bitcoin without relying on exchanges or crypto wallets. That’s exactly what I uncovered… and I’ve been helping my readers use it ever since. As an example, on one trade, we were right at the top of a Bitcoin rally… but we saw resistance building in the market. So we placed a trade that would profit if the crypto market fell. And by following my trading strategy, we closed our trade for a 69% gain in roughly a week. In the same window, Bitcoin fell -8.98%. This is why I call my strategy “Bitcoin skimming.” We’re pulling profits from the Bitcoin arena without having to buy any Bitcoin directly. Plus, we can profit whether Bitcoin soars or plunges. And I’d love to tell you more about how it works… Even Bigger Gains I’m planning a very special [“Bitcoin Skimming”]( event tomorrow, October 25, at 8 p.m. ET. There, I’ll go over how it all works… and why Bitcoin skimming can lead to even bigger gains than just buying and holding Bitcoin. And I want to help you take advantage… (Even better, this strategy I use can be applied to other trends as well… I’ve applied it to AI, the bond markets, and energy with great success.) So whether you’re a crypto believer or simply looking for profits, I’d like to invite you to [join me](. All I ask is that you reserve your spot [right here]( for free. See you tomorrow! Regards, Larry Benedict Editor, Trading With Larry Benedict [The Opportunistic Trader]( The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. The Opportunistic Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-208-6550, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@opportunistictrader.com). © 2023 Omnia Research, LLC. All rights reserved. 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