The Bitcoin “Skim” Trade

Editor’s Note:Today, we’re sharing an insight from master trader and “Market Wizard” Larry Benedict. Crypto prices are on the rise, and investors are paying attention. But before you enter this market, read what Larry has to say. According to Larry, there is a way to trade crypto without ever opening a crypto account. Read on…

For several years now, the financial world has been consumed by cryptocurrency.

Tokens jumping or crashing by double (and sometimes triple) digit percentages has become a regular phenomenon.

And a single tweet from a famous billionaire can have a token go through the roof (or floor) – sometimes in the space of just 24 hours!

Even the biggest crypto of them all, bitcoin, isn’t immune to eye-watering corrections.

Yet while many investors believe they should have some crypto exposure, wading through thousands of tradable coins is just simply impossible.

Not to mention the stress of dealing with huge potential losses and the need to safely store their holdings in a digital wallet. It’s enough for many to believe that crypto is too difficult.

But I trade the crypto sector a little differently… and now I’m showing others how I do it.

You don’t need to understand the crypto markets.

You don’t need a crypto account – just a regular brokerage account.

And you only need about five minutes to get started.

To explain, let me show you a trade we did with bitcoin back in 2021… without needing to open a wallet or account on an exchange.

Instead, we “skimmed” this trade… and profited without having to directly touch bitcoin itself.

Take a look below…

Our Bitcoin Skim Trade

Source: eSignal

This bar chart shows where the price opened (hash on left side) and closed (hash on right side), as well as the high and low for the period during our trade.

And to compare, let’s check out a chart of the bitcoin price during that period to give us some more context…

Bitcoin Price

Source: Y-Charts

As you can see, even when the price of bitcoin fell, we managed to close our trade for a 72.3% profit in just a couple of weeks.

This is particularly relevant because bitcoin and other cryptos frequently go through huge swings. And bitcoin buy-and-holders feel the pain with each slump.

But with bitcoin skimming, we can profit when bitcoin surges to new highs AND when the crypto is sinking in one of its many steep pullbacks.

That’s because we trade on bitcoin transaction surges rather than the asset itself.

And using this bitcoin skimming strategy, we’ve been able to collect thousands of dollars consistently over the past 18 months.

During that time, for every $1,000 you could have made with bitcoin itself, you could have “skimmed” $6,000, $9,000, and even $22,000 in a fraction of the time.

So you can see how using this strategy could be a real game changer in how you trade bitcoin.

That’s why I’m holding a special event to show you how my bitcoin skimming strategy works today at 1 p.m. ET. I’d love to have you join me to learn more.

So if you’re curious how “bitcoin skimming” works… Simply click right here to attend.

Regards,

Larry Benedict
Editor, Trading With Larry Benedict.