I’m going to spell out 2 ways people reading my blog can take advantage of
crypto trading, and specifically I’m looking at opportunities in LINKUSD
[ChainLink] and BTCUSD [Bitcoin], although there are a few others in the same
boat that could be included, like Bitcoin Cash [BCHUSD], LiteCoin [LTCUSD],
Ethereum [ETHUSD], & Ripple [XRPUSD] … before I do, though, I want to make
it clear to everyone reading this that my intent today is not to SELL anything to
anybody … don’t anybody think today’s blog is a prospectus, or anything like
that … today’s blog is about “vision”, specifically my vision, and if you like what
you read great, and if not that’s OK too cuz I don’t care if you don’t share the
same enthusiasm or vision that I do for trading crypto and making money … and
since it’s money that I care about in trading, as I’ve said many times before in the
past, I don’t care if it’s “soiled underwear” futures or CFD’s cuz what difference
does it make, money is money? … point is, is a market offering opportunity or
not? … cuz if it isn’t, time to move on and seek greener pastures, and quite
frankly these manipulated, traditional markets offer less and less with each
passing week.
And right next to that, is of course the proliferation of offshore brokerage
houses specializing in crypto over the last year … when I first started
investigating & doing research on crypto, the first good firm was PRIMEXBT
… sadly, they haven’t improved and they still operate on the MT4/MT5 model
of bank and/or HFT LP’s, which only means your order gets ripped off EVERY
SINGLE TIME YOU TRADE, and filled off the actual market … in addition, their
commission structure is horrible for crypto, and they refuse to modify it … OK
fine, dinner with the dinosaurs it is! … BaseFEX is adequate at best, their
commission structure is still expensive, but way better than PRIMEXBT
… problem here is that they only really have Bitcoin to trade, and are pretty
much a “one trick pony”, and add to that their spread in BTCUSD is quite high
most of the time … and since July 2020, when I first discovered the OPEN
ORDER BOOK platform model, it doesn’t take much market watching to realize
this is the only trading platform you should be on, otherwise you’re getting
ripped off by banks and/or HFT’s.
As I’ve laid out this past week, crypto is an OPEN ORDER BOOK PLATFORM,
and very different from the 100% controlled, manipulated, scumbag LP banks
ONLY bid/offer, take it or leave it, and here are the rules totally in our favor
… and in this environment, none of us have the ability or opportunity to be a
“liquidity provider” [LP] ourselves, cuz we are 100% “takers” dependent on
bank platforms & rules … that’s not the case in crypto on most offshore
brokerage platforms NOW, and in fact with the “maker” rules in place across
offshore cash & perpetual contracts for trading, I can become an LP and get
paid for trading, just like the scumbag LP banks in FX on the MT4 or MT5!
Step back for a second and think what being on the trading floor all those years
really made me as … what was I? … well, as the “Cocaine Cowboys” who used
to run the place and tell anybody who would listen in the press, members of the
exchange trading on the floor [a/k/a “locals”] were “liquidity providers” for
markets they traded in … and by the way, and not just as an aside, the cost to
buy a membership and get that right “back-in-the-day” was over $500,000
… and the rough “rule of thumb”, if you were a “local”, was that the cost of your
membership was about what you should make a year trading 1 lots if you were
there everyday making an active market … too be sure, there were people there
who traded like maniacs and there were many on the opposite end as well … fact
is, nobody tells you what market to be in or how active you can or should be, cuz
that’s up to you … in any event, there wasn’t anybody paying me back then, but
now we have crypto.
Here’s the first option as a reader of my blog today, to take real advantage of being
on the “inside” of a “liquidity provider” syndicate in crypto … nothing formal, cuz
nothing in crypto is … and I’m most definitely NOT talking about wads of cash,
instead nothing that really matters in your life and is not life altering in any way,
shape, or form if SHTF… first things first though, a little general information … I’m
putting an “informal” syndicate together to trade crypto as an LP, and It’s always
more fun to take some people along for the ride with you and share the vision
… and as I shift to being an LP in crypto, my vision is to start very small and grow
from there … each “syndicate” participation is LIMITED TO USD$ 250 PER
PERSON … although, if somebody really wanted to do $500 it would be OK, but
nobody can go higher than that … I’m not looking for a lot of friends to join me on
this cuz 1) smaller is better, and 2) I don’t want to spend a ton of time managing
people, when I should be trading … fact is, we don’t need a lot of cash to do this
… BUT the payoff is huge considering the risk is limited to me being a complete
idiot and everybody loses $250, and 3 family trips to Applebee’s or Chili’s for
dinner goes down the rat hole … just to give you a rough idea at this stage, I
conservatively estimate that at some point within 2 years, that $250 is making
$300 - $500 PER TRADING DAY … a lot of variables to consider too be sure, but
it could be lower than that as well as higher than that … and no, it’s not “pie in
the sky”, you have to remember people PAY US for trades”! … and as crypto
grows by leaps and bounds and traditional markets lose market share, this total
pie in crypto grows exponentially by the month … if you want to do this, and
WILL put $250 bucks in the kitty, and want some more detailed info, email me at
and I’ll get back to you within a day or two.
The second option is if the first option bears no fruit or not enough fruit for my
liking in a short time window … and that is to quickly go to some yet
undetermined “go fund me” site and look for “donations”, where people don’t
get any participation in the syndicate, but do get to buy the special algorithm
I’ve created solely for crypto pairs … this helps fund the kitty while not having
to share equity in earnings, and allows those who have donated to build their
very own “LP operation” if they desire … fact is, there’s enough room for
everybody in this game … everybody wins! … I haven’t thought about a price,
but am thinking maybe $100, but dunno yet cuz it’s option #2.
The third option is everybody who diddled in the process of deciding is SOL
… you aren’t buying a house here, and you either “get it” or you don’t, with an
amount you most likely piss away weekly anyway ... and so, I simply fund the
ENTIRE enchilada myself [excepting of course the Mrs. who is “all in” & some
family friends], and then take every opportunity on the blog in the future to
highlight the profits and completely rub this into the face of every “tire kicker”
out there … quite frankly, whether I do this alone or with others, I’m doing this
to fund others, along with some charitable giving, that will always remain
private … I don’t do stuff to get noticed, I do stuff to make a difference … and
the math here most definitely makes a difference if done right … this is my
motivation … and yes, I’ll update happenings on the blog when appropriate in
the week ahead.
One other thing before I get onto crypto & GBPUSD … crypto by its very nature,
is private, secure, & ANONYMOUS … the entire offshore trading world is moving
towards NO KYC, and well it should … in that same vein, I don’t care if you’re
Pablo Escobar’s cousin, all you need to do to participate in what I’m starting here
is an email address AND either some Bitcoin [BTCUSD] or USDT [Tether
stablecoin Dollar] and a wallet to send funds from … your email account is
preferably one that is totally encrypted, safe, secure, anonymous, and located
outside the United [Police] States … I recommend “proton email” in Switzerland,
which has a basic plan that is FREE … if you already have an e-wallet and like it,
that’s great … if you don’t, I recommend “Atomic”
… visit their web page and download the very best wallet out there [and yes,
it’s FREE]!
Directly below the NEW IVIX INDEX tables for the prior week, that start the week
on SUNDAY AND FINISH ON SATURDAY … remember, crypto never closes and
is trading 24/7/365 all the time … here is last week’s figures for BTCUSD,
LINKUSD, & GBPUSD.
It should be noted, that server times in the table are UTC … this allows 24/7
conversion into your local time zone, so make a note of that when looking at the
IVIX INDEX levels … and as I said in an earlier blog post, you can see the
CONSISTENCY of excellent trading conditions in LINKUSD [ChainLink], versus
the up/down inconsistency of BTCUSD and GBPUSD as well … and while Cable
has some decent readings, it’s not the whole story, cuz while the M1’s are volatile
enough, they aren’t moving much in any definable trend that seems to last long
enough to get a corrective minor trend against the broader trend, and then a
resumption of the move … instead, what we’re seeing and have for some time is
“one & done”, trap the other side, and it’s “away we go” in the other direction
… rinse, repeat, and Cable has seen some tough sledding lately … in both BTC &
LINK, the moves are generally much broader, last longer, with old fashioned
“fear & greed” the primary market moving mechanisms at play … in other words,
they’re both what traditional markets used to be like before central banks decided
to manipulate the shit out of ‘em about every 5 seconds or so … but it is the
CONSISTENCY of good conditions in LINK that has my attention as a very good
market to trade.
It should also be noted, that while BTCUSD is considered “The King”, all the others
are interchangeable, and before you trade any of them, understand what it is you’re
trading, what the “story” is for the coin, and most definitely check out & totally
understand the trading conditions … “just cuz Bitcoin moved doesn’t mean LINK
did, or vice versa”! … spend some time and watch the order book flow back & forth
and get a “feel” for what’s going on … as I stated previously in a blog post, you
don’t need to sign up for either a “demo” or “live” account at PHEMEX to see and
watch the order book in any crypto pair in real time on the real live platform server
… simply use the link directly below, and it takes you to the live server in BTCUSD
… to change to another market, simply go uptop and choose under
“Select Market” and use the drop down menu and click on which market you want
to see … you’ll get the live account “order book” along with the charting … so, if
you’re worried about signing up, fugetaboutit! … you can watch everything as a
guest … just remember, USE A VPN! … people in North Korea, Yemen, Somalia,
and of course the U.S., are considered “financial Lepers” by the rest of the world
… always, always, & ALWAYS mask your identity & origins, as well as preventing
third party trackers from following you around the web and selling your surf data
without your permission OR REMUNERATION! … do I really have to remind you
to protect yourself online?
https://phemex.com/trade/BTCUSD
And what you’ll immediately notice is the very tight spread, even on a SUNDAY,
although when trading dies down the bid/offer spread & volumes can go down
slightly, especially in the other coins … however, it doesn’t go down much at all
in BTC or LINK, which is a favorite pair of mine to trade.
So, a lot on the plate as we head into Tuesday’s election, and I’d be surprised
if anything does much until Tuesday night … of course, in crypto anything is
possible & probable, but I don’t see Cable doing much except chopping around
some, and maybe reacting to some BREXIT horseshit … could be wrong, but
we’ll see … onto the week, and for those wanting to be part of the crypto LP
syndicate, let me know sooner rather than later … if not, that’s fine as well.
… outta here … until tomorrow … Onward & Upward!!
-vegas
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