How to “Skim” Profits from Bitcoin

[Trading With Larry Benedict]( How to “Skim” Profits from Bitcoin By Larry Benedict, editor, Trading With Larry Benedict Around 2016, a gentleman came to my office to tell me, “You’ve got to buy bitcoin!” Bitcoin was trading around $1,000 at the time. I’d been having a good year, so I had some capital to speculate with and was interested. I asked him to tell me more. But that’s where it all went sideways. When he started talking about putting money on an external drive and all the hoops to jump through… I passed on the chance. I’m old-school, and I control risk closely. In fact, my careful management of risk led Jack Schwager to feature me in his book Hedge Fund Market Wizards, right after his chapter on Ray Dalio. So all of the unusual steps sounded crazy to me. Yet I watched its price run all the way up to more than $64,000 in 2021. That would have been more than a 6,000% return had I bought bitcoin when I had the chance. Even at today’s lower prices, I still could have made more than 3,900%. But I missed it. And you know what? I don’t regret it. For every person who made millions on cryptocurrencies like bitcoin, there are stories of others who had the chance and didn’t take it. And there are many more who took the chance and lost thousands (and maybe millions) because they didn’t understand what they were doing and didn’t understand the risks. But despite missing out, I didn’t let that stop me from looking for ways to profit from bitcoin in a way that I could understand… and in a way that I knew would increase my chances of profiting, while allowing me to control my risk. I used my nearly 40 years of expertise to uncover an alternative solution. And I found a trading opportunity that even has the potential to surpass bitcoin’s gains. Let me show you an example… Recommended Link [Team Who Delivered 84X Peak Gain on Nvidia Declares: “AI 1.0 is Finished… Buy These 2.0 Darlings Now”]( [image]( In late-2022, AI struck the public consciousness with the force of a 50-megaton bomb. (Thank ChatGPT for that.) But at a total market value of just $20 Billion — these “AI 1.0” tools are economically tiny. That’s why billionaires like Elon Musk, Warren Buffett & Jeff Bezos are moving their own capital into [a new corner of the AI market...]( One that’s already moved light years beyond ChatGPT. NASDAQ analysts estimate it’s worth as much as $200 trillion According to our #1 AI market analyst… it could soon ignite a 104,000% tech boom. He’s unearthed 3 stocks that could 10X your money by 2025. [But you MUST move by Jan. 30 (click here for the full video report).]( -- A 6X Bigger Win In 2022, bitcoin had become extremely correlated with the overall markets. And as most of us will recall, the markets were having a rough time. From the beginning of that year to June, the S&P fell over 20%. So given that correlation, it didn’t make sense to bet on anything but the downside in bitcoin. But in July, that negative pressure started to weaken. And bitcoin regained some short-term momentum. That meant it was time to put my trading strategy into action and open a position that would benefit from a recovery in bitcoin. And in just five days, we were able to make an 87% gain. During the same window, bitcoin itself only rose 13.5%. So we were able to make over 6X using my strategy compared to buying bitcoin directly. Even better, we’re able to profit using this strategy even when bitcoin isn’t going up… On another occasion, bitcoin was struggling to stay at its highs, and we saw an opportunity to the downside in this space. And as bitcoin fell -18.7%, we made 72.3%. That’s part of what makes this trading method so powerful. And by the way… this strategy doesn’t apply exclusively to bitcoin (although that’s where I’ve achieved some of our biggest gains). I’ve used my strategy to help readers profit from market trends like AI, the bond market, energy, and more. And that’s the reason I don’t want you to miss out on these types of opportunities… Free Trading Resources Have you checked out Larry's free trading resources on his website? It contains a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Profiting Without Buying Bitcoin Bitcoin and other cryptocurrencies aren’t for everyone. You might look at the complexity of getting started – as well as the high volatility in this space – and struggle like I did. That’s why this trading strategy is so powerful. I call it “bitcoin skimming.” That’s because we’re looking for opportunities in the cryptocurrency markets – without actually having to buy crypto. You don’t need to open an account on a special exchange, come up with a fancy password, keep track of a hard drive that stores your crypto, or even worry about a crash in bitcoin. Bitcoin skimming is possible with just a normal brokerage account. If you’re looking for [incredible gains without having to buy bitcoin]( then this is the best strategy I’ve found so far. As I showed above, it can even return higher gains than bitcoin over the same time period. That’s why I took some time last night to show a group of traders how it works… and how they can get started using this strategy right away. It was a great time. If you weren’t able to attend last night, I’ve made a replay available for a short time. [You can find that here](. But I’d encourage you to watch right away… I’m on the cusp of issuing [my next bitcoin skimming trade,]( and I don’t want you to miss out. Regards, Larry Benedict Editor, Trading With Larry Benedict IN CASE YOU MISSED IT… [Retirement Warning: 18 Months Left?]( Something big just happened in Washington D.C… And according to Teeka Tiwari, it has opened an 18-month retirement window where you could build your entire nest egg… starting with a handful of $1,000 investments. But if you miss out on this window, you might never be able to retire. [Click here to see the details on what he believes will be America’s last bull market.]( [image]( [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. 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