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The Low-Risk Way We Made 63% on Bitcoin

Chances are, when you think about Bitcoin, you’ll be split between two common themes…

First: You wish that you’d bought it earlier. Like when it was under $1,000 in early 2017.

Second: Even if you’d bought some Bitcoin, the volatility would’ve thrown you out…

You’d have sold your holdings during one of the painful “crypto winters” when it dropped 60%, 70%, or even 80%… right before the next big up move.

Those kinds of whipsaws are enough to freak most people out.

Fortunately, I’ve found a way to trade Bitcoin that reduces my risk.

My paid subscribers recently used this strategy to make 63% on Bitcoin in just a week.

Read on to see how it works…

Reducing Bitcoin Risk

Practical considerations put many folks off of Bitcoin…

There’s the hassle of storing coins in a digital wallet. Losing that wallet or forgetting your password means your crypto is worthless.

The other major concern is a distinct lack of regulatory oversight…

We’ve seen this with the FTX exchange and other cases of fraud and theft. Cryptos and the exchanges they trade on are often in the news for the wrong reasons.

That’s why the listing of Bitcoin futures on a regulated exchange was a game-changer…

It came with strict oversight. And it was also the first time you could gain exposure to Bitcoin without having to own it.

The problem with futures, though, is leverage can kill you if a move goes against you. And with cryptos, that’s practically a certainty.

Plus, most people don’t have access to futures accounts. Nor do they have the time and resources to trade them.

That’s why the ProShares Bitcoin Strategy ETF (BITO) is a great way to trade Bitcoin. It tracks the futures price of Bitcoin.

And by trading a ticker like BITO instead of Bitcoin directly, you don’t need to set up a digital wallet. Nor do you have to worry about a crypto exchange losing your investment.

You also have the convenience and protection of your brokerage account.

So by using BITO – and other tickers sensitive to Bitcoin’s price movements – we’re able to turn out some impressive gains using the strategy I’ve developed…

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 From Bitcoin’s Swings

I call my method of trading Bitcoin this way “Bitcoin Streaming.”

Using this strategy, we were able to make an 87% gain in just five days. 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.

As bitcoin fell -18.7%, we made 72.3%.

And as I mentioned above, my subscribers recently closed out half a position in just a week for a 63% gain. BITO fell around 18% over that time. (For transparency, the other half of our position is still open.)

That’s part of what makes this trading method so powerful.

Like any trading strategy, we don’t win all the time.

But our wins can far surpass the profits of simply buying and holding Bitcoin over the same time frame.

Not to mention you don’t have to stress whether the crypto will crash yet again and destroy your holdings’ value.

And that’s the reason I don’t want you to miss out on these types of opportunities…

I’ve put together a briefing that will explain how to use BITO and tickers like it to profit from Bitcoin’s moves. It shows how you can control your risk… and what you need to do to get started.

So if you’d like to get the full details, I’d encourage you to
tune in here.

Regards,

Larry Benedict
Editor, Trading With Larry Benedict