Today’s blog update starts a series on Bitcoin [BTCUSD] that will go to next
Sunday’s blog update … if you’re not trading it you should be, cuz if your goal
in trading is to make money, this is the market to be in … “oh, I can hear the BTC
haters coming out of the woodwork as I write … not knowing a “Hoover Dam”
thing about what pours from the PIE HOLE, “your mind is blind”! … they write
over on ZH about the “scumbaggery” and scam nature of crypto in general, and
of course the 24/7/365 “straw man” argument of what happens if the internet is
outlawed, or your e-wallet is hacked, and in general display a level of ignorance &
stupidity I associate with Libtards … quite frankly, as I’m sure some have noticed,
I don’t comment much over on ZH anymore for 3 reasons … 1) comments are
monitored for “hate speech” and other PC stupidity, 2) the level of insane
comments has exponentially grown to the point you’re sharing comments with a
group of children … critical thinking? … what’s that? … and 3) too many articles
posted by ZH have become nothing more than “clickbait” titillation to arouse the
crazies & trolls.
Today, I’m gonna be going over WHY you should be trading Bitcoin … 1) Present
crypto industry groups put the available “float” of BTC at around 16 million
BTC coins, out of approximately 21 million created at the start, which btw can
NEVER be increased … 5 million have been lost and most likely will never be
used again … and unlike the FED & every other central bank that prints money
non-stop 24/7/365 and depreciates the value of your wealth, Bitcoin can NEVER
be devalued via coin creation … that means there exists an upward bias to price
that cannot be denied in a world where fiat grows exponentially ,,, and just like
“Stock Bellies”, enjoys a trading paradigm of about “90/5/5” … the kicker of
course, is that the back “5” can wipe your dumb ass out quickly if you’re over
leveraged, and get stubborn … but with hundreds of TRILLIONS OF DOLLARS
held worldwide by people & institutions that see everyday the erosion of
principal, and also hold dozens OF TRILLIONS OF DOLLARS in government
NEGATIVE INTEREST RATE BONDS, you have to ask yourself who the hell would
do that?
2) Bitcoin IS A FREE MARKET! … there isn’t any FED CNTRL-P at work here … if
you want to sell it, you better have a way of buying it, cuz with present day “vig”
rates what they are, your bank balance will go lower quickly … JPM & Squid have
no power or influence in this market, and the futures market in Bitcoin at the CME,
located in Murder, Illinois, is a complete joke … A) it’s “financially settled”,
meaning there’s no delivery of actual Bitcoin, B) volume and open interest are a
joke, C) contract size is 5 BTC = 1 futures contract with margin very high, making
it very expensive to trade, and D) who wants to have the U.S. government
knowing everything about your Bitcoin trading? … or for that matter who desires
a 1099? … in other words it’s laughable! … fact is, the Bitcoin market is made up
of millions upon millions of people worldwide and the banks can go pound sand.
3) Cuz there aren’t any scumbag bank LP’s hanging around ready to screw you
with slippage and other assorted “scumbaggery” tricks, in Bitcoin trading [if
done right] YOU ARE THE MARKET in the order book … JUST LIKE A TRADING
PIT USED TO BE! … you aren’t at the mercy of some group of scumbag LP
banks, where when you tried to sell gold at 1901.00 on a LIMIT ORDER TO SELL
as it’s coming up to that price, and it crosses 1901.00 on the bid side and trades
at 1901.20, and then the next bid you see is 1900.55 AND NOW THE SCUMBAG
BANK INFORMS YOU THAT YOU GOT FILLED AT 1900.55 cuz they couldn’t fill it
at your price so they went with the next best bid price … what utter bullshit, you
just got scammed! … when trading Bitcoin, you’re on the order book for bids &
offers, meaning the market can’t go through your offer to sell on the upside, or
your bid to buy on the downside, WITHOUT YOU GETTING FILLED … and it’s all
right in front of you on your screen.
4) Bitcoin trades 24/7/365 and never closes, and if you’re thinkin nothing happens
in the “wee hours” or when Asia is open, you’re dead wrong! … yesterday on
Saturday, BTCUSD had over a $400 range … it’s there whenever you want to trade
it … and trading Bitcoin has gotten to the point of being extremely competitive
around the world, along with changes EVERYBODY IN THE WORLD has been
waiting forever for … first up, THERE’S NO KYC to open live accounts … first get
a secure, private, and anonymous email provider, and NO IT AIN’T GOOGLE,
MICROSOFT, OR YAHOO! [proton mail], and second get a VPN [TorGuard] to
ALWAYS USE WHEN ONLINE … then fund with BTCUSD from your e-wallet
[Monarch], and be trading in less than 5 minutes … and the reason there’s no
KYC, is cuz Bitcoin bypasses central banks fiat rules, cuz no country has Bitcoin
as their currency, and therefore there’s NO NEED FOR BANKS … and if there’s
no need for scumbag, parasitic banks, there isn’t any rules from that country’s
central bank either … in other words, government regulators, Apparatchiks, and
the criminals at JPM & Squid can go “F” themselves … they can’t control it in
any capacity, regulate it, or determine what’s going on in it and are therefore in
the dark … like I said, FREE MARKET!
5) Most “trading “ done in Bitcoin derivatives, is done with “perpetual”
contracts, usually offered at 100X leverage [1% margin], with trading done in
dollars per BTCUSD, and the P & L is converted immediately to the spot price of
BTCUSD and either credited to your account [profit] or debited from your
account [loss] in BTCUSD … account balances are held in BTCUSD, which is a
very good thing cuz fiat is eventually worthless … in other words, trade
BTCUSD in dollars, but hold gains in Bitcoin … every profitable trade I’ve ever
made in BTCUSD is worth more today cuz it’s value in dollars keep going up
… can you say the same with your dollar or Euro trading accounts? … HELL NO
YOU CAN’T, cuz they’re worthless fiat … and since 1913 when the FED was
created [thanks Woodrow!], the U.S. dollar purchasing power has lost 98%+ of
every single person in the world holding dollars … want to have a FORTUNE in
the future? … trade BTCUSD and hold your money IN THE WORLD’S MOST
VALUABLE CURRENCY, GUARANTEED NEVER TO BE DEMONETIZED via
creation of more Bitcoins … and looking at today’s spiraling debt & money
printing, it get worse by the day! … you know it, I know it, and don’t insult
anybody’s intelligence by claiming everything is gonna be OK … “NO, it ain’t
gonna be OK”!
6) In the derivatives market for Bitcoin, meaning the trading markets, volumes
& liquidity are exploding, and unlike the corrupt CME, you can trade any size
you want and be anonymous, private, & secure … bid/offer spreads are excellent,
and trading costs via commissions are diminishing as competition increases
… and IVIX & ranges are the BEST OF ANY MARKET YOU WANT TO COMPARE
WITH BITCOIN … there isn’t anything that can CONSISTENTLY hold a candle to
the Bitcoin market … NADA!
Directly below, the prior week’s IVIX INDEX levels for Bitcoin & XAUUSD.
I’ve dropped the DAX30 & the dead weight a/k/a FX … too manipulated,
inconsistent IVIX, and completely manipulated by the scumbag LP banks
… why bother? … I’m here to make money, not anything else, and the entire
group of manipulators can go pound sand … when gold perks up, I’ll trade it for
the PAMM / MAM, as the HFT’s have returned to Turnkey and the spreads are
acceptable for trading … if Turnkey had any brains, which we know the answer
to that, they’d be listing Bitcoin for trading and be an industry leader … instead,
who knows WTF they’re thinkin’ as they diddle fart around and see traders leave
for Bitcoin pastures and they fight for an ever diminishing pie of EURUSD
traders … dopes, what else can you say?
The purpose of the IVIX INDEX table is to give you a reference for intraday
volatility BETWEEN markets, and to index the values so that they are on an
equal footing … and as you can see from last week, gold was terrible and
Bitcoin did “its thing” … well guess what? … Bitcoin pretty much ALWAYS
does “its thing”, and it’s a rare week when it doesn’t offer GREAT TRADING
OPPORTUNITIES! … the trading algorithm is “off the charts” scary good in
Bitcoin, precisely cuz BTCUSD is a ‘FREE MARKET”, and maps trading behavior
of “Fear & Greed” extremely well, WITHOUT manipulations going on by the
usual suspects to suppress price volatility … simply forget the Apparatchiks
feeding the mistress funds … they have No power & NO influence here!
More on Bitcoin tomorrow… Hopefully gold can wake the hell up, but we’ll see
… onto the week! … Onward & Upward!!
-vegas
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