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Thursday, June 18, 2020

THERE’S “SILENT” & THEN THERE’S DEAD

“Volatility that is!”

If trading costs didn’t matter to you before the last 3 days, I bet it’s got your
attention now! … today one of the lowest VIX & IVIX days I’ve seen recently in
both ETH & BTC, with today’s range so far in BTC of approximately $181, and
ETH just a little under $6 … as i write, BTC bid/offer spread at COINEXX about
$0.24, and a RT commission for 1 BTC of about 19 cents … while others need
upwards of at least $7, sometimes as high as $15 just to break even with cost to
trade, you can be ringing the register at COINEXX.

Ditto with ETH, as the bid/offer spread right now is $0.15, with a RT commission
of ½ penny for 1 ETH … with only a $6 range, you’re gonna need every penny of
that to make money and not give it to the frickin’ house or LP.

Or, keep throwing money away … whaddaya doin’ Skippy?

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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