GETTING “REAL” WITH BITCOIN TRADING

“Love at first sight! … then comes reality … be prepared Skippy”

Today I’m going to compare the “Pros & Cons” of BTCUSD trading at 3 different

venues … 1) PRIMEXBT, 2) COINEXX, AND 3) BASEFEX, our newest partner and

quite frankly the best place to trade BTC hands down … but, don’t take my word

for it, simply look at the facts.

First up is PRIMEXBT … they have binary options, and decent FX for small

accounts … their CFD’s are overpriced with a very heavy commission structure,

so you wouldn’t ever trade CFD’s here … their BTC CFD is good, but the problem

I have with them is twofold … 1) commission structure is too high, and 2) you

only deal through the LP’s [liquidity providers] they provide, meaning you take

the bid to sell or take the offer to buy and that’s it … slippage can at times be

horrible, and there is no recourse for a bad fill from the LP … overall, if you are

primarily trading FX and only do an occasional BTC trade, then PRIMEXBT is

very good … overall, I give them a B+ for trading BTCUSD.

COINEXX has all the markets, and you need the MT5 platform … in everything

but crypto, they use the same servers & LP’s as Turnkey, and their quoted

spreads & commission structure is among the very best you will ever find … for

BTC trading, COINEXX is excellent when conditions in Bitcoin are relatively

stable and not very chaotic, as their bid/offer spread is tight [$0.50 - $2.00] and

the commission structure is the cheapest anywhere … however, at least 50% of

the time, and maybe more, BTC is anything but relatively stable and is in fact bat

shit crazy … that leads to 3 big problems … 1) the bid/offer spread balloons

quickly to $10 - $20+, thus no matter what side of the market you’re on, getting

out you’re gonna feel like you got hosed by the hedge fund liquidity provider

[LP’s} who is anything but … 2) limit orders ARE NOT HONORED by the LP’s

… e.g., you’re long and the market is rising, and you have a limit sell order in at

9003.00 to liquidate, thinking if it goes through 9000 some stops will carry it

above the 9003 level for your profit … and you’re right! … market rallies up to

9003.50 and then collapses … you get filled at 8994.50 … WTF! … in reality,

COINEXX treats limit orders as “MARKET IF TOUCHED” [MIT] orders, and when

the market went 9003 bid, your limit order immediately became a market order

to sell, and you know what happens next.

Well, what if the market was at 8999 and then in a millisecond it was at 9015 bid?

… great, you’re gonna get filled at 9003, right where you wanted it filled, and the

fucking scumbag hedge fund acting as the LP screws you blind and keeps the

difference … in other words, its HEADS THE LP WINS, TAILS YOU LOSE!

This all leads to problem #3, which is slippage … when Bitcoin moves fast, you

have no idea on the MT5 platform where BTCUSD is in fact trading at on the

various cash exchanges … only thing you see is the bid/offer from some hedge

fund [banks generally don’t make markets in BTC, so they leave it up to large

and even scummier hedge funds] … AND THIS I CAN GUARANTEE YOU … that

hedge fund is NOT going to give you a fair & honest price for BTCUSD, they’re

gonna be anywhere from $5 - $20 off the market GUARANTEED … and even in

relatively normal conditions [if there is such a thing in BTC], the mystery ticks

up/down can lead to some horrendous fills, where you’re gonna feel cheated

… this is what happens when there is no bid/offer market to look at, and there is

only the LP … overall though, even with these 3 problems, if BTC is only the

occasional trade, then I give COINEX AN A-, and for strictly BTC trading I give

them a B+.

BaseFEX is a strictly Bitcoin platform … here, in an “order book” format, you

ARE PART OF THE MARKET, and can see bids & offers as they change and

trades are made … what I particularly like is that trading volume is done by

dollar volume … so, instead of placing an order to buy/sell BTC with 0.01 BTC,

which is about $86 at current BTC price as I write, you’d simply place an order to

buy “86”, or if you wanted to do $100, it would be “100”, etc. … the order book

usual spread is about $1 - $2, but can balloon if things get chaotic, but it isn’t

gonna be any worse than COINEXX OR PRIMEXBT, and in fact it will be better!

… commissions are based on “maker” [limit orders] or “taker” [market orders]

… 0.02% for makers, and 0.06% for takers … 2 other points: 1) the more you

trade, the less your fees become, and 2) by signing up through the BaseFEX Logo

in the upper right hand column via my affiliate link, you’ll enjoy and extra 10%

reduction in trading fees you ordinarily would not get … so, don’t hand me any

of that “there’s no advantage in being an affiliate” … if you’re an active BTC

trader, even with a small account, you’ll put back THOUSANDS OF DOLLARS

INTO YOUR POCKET … [you’re welcome.]

Directly below, a screenshot of the “live” order book from this morning.

click on ANY image or chart to enlarge

Also on the “Trade” page of the BaseFEX website just above the order book, is a

recap of the day’s stats so far … below, this morning at 7:30 A.M. EST directly

below.

Now, as you can plainly see, for most every BTC trader, excepting some whales

who want to throw around hundreds of thousands or millions of dollars of BTC

at a crack, anybody who wants to trade any dollar amount from $1 to about

$30,000 worth of BTC can find the liquidity they need on the order book … the

24 hour totals of trading = ~ $7 million dollars changed hands, so not bad, and

about $700,000 is outstanding at the time I took the screenshot at around

7:30 A.M. EST today… you’ll also notice that rollover occurs every 8 hours, and

there’s a charge of 0.01% on any position you have … I like this, cuz this isn’t a

platform for buying & HODL-ing, it’s a platform for trading.

If you go to their website, the “Trade” page has what I reproduced above.

www.basefex.com

Remember, this is for BTC ONLY, so you’re not gonna come here and trade the

NDX100 or any FX pair … so my BTC grade for BaseFEX is A+ … it fills every

need any trader could want RIGHT NOW … NO KYC, 100X leverage, BTC

deposit / withdrawal, & no limit to withdrawals per day or on amount, and since

they’ve been up & running since 2018, there has never been an outage on the

platform … and they have a demo you can sign up for and practice … with a real

spread and the LOWEST FEES ANYWHERE, and getting an additional 10% off

fees by signing up through my affiliate link, not only does BaseFEX offer the

very best trading conditions for most BTC traders, you get money put back into

your pocket through my discount offer … but here’s the BOTTOM LINE: if you

trade BTC through either PRIMEXBT OR COINEXX, you’re simply handing free

money to an LP, that you could give yourself by being part of the actual market

at BaseFEX … it’s as simple as that … one more thing … limit orders are limit

orders at BaseFEX, where you may get a partial fill … and if the price goes

through your limit to a better price for you, it gets filled at the better price and

your remaining order is treated as a market order, so better price and higher fee

cuz you went from maker to taker … so, every reason in the world to trade BTC

here, and there isn’t a better alternative I have seen, and believe me I’ve looked

and looked hard.

Just before Noon EST, and the bid/offer spread at BaseFEX is holding around

the $3 level, plus/minus some pennies, while COINEXX IS oscillating between

$5 - $10 … and while it’s not the end of the world, I just don;t like PRIMEXBT’S

RT commission rate of 0.1% of notional … right now that about a $9.70 fee for

1 BTC, which is simply too rich given the alternative of BaseFEX, where not only

can you be part of the market, you aren’t getting constantly screwed by some

shitbag hedge fund LP who is 99.99% off the market with fills … same with

COINEXX.

And simply cuz I know I get new readers every day, ALWAYS USE A SECURE,

ANONYMOUS, & PRIVATE EMAIL SERVICE LIKE PROTON MAIL [free & in

Switzerland], AND IN ADDITION, ALWAYS USE A TOP NOTCH VPN SERVICE … I

use TORGUARD cuz it’s well priced, easy to use, works perfect with streaming

services like trading platforms, YouTube vids, Netflix, Hulu, etc. … use the

promo code “50FORLIFEBUNDLE” [minus the quotes] and save 50% off annual

sub price and pay just $29.99 for the entire year, and it supports up to 8 devices,

so it’s perfect for family use … use BTC to pay and your up & running in minutes!

Today sees another run to 10K in BTC, but that got smacked down rather quickly

… it’s early still, and the day’s range stands at about $900, and like I said

yesterday, BTC moves more in 12 hours than anything in FX moves in a week,

maybe a month … from the algorithm trade signals earlier today, around the

NYSE open, an example of a trade where the trader has multiple options

available to him/her for liquidation depending on their style of trading … here is

one such example directly below.

Outta here … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

A NEW BTC PARTNER

“Welcome to online Bitcoin trading! … I’ll be your guide!”

Today, I’m announcing a new partner in online Bitcoin [BTCUSD] trading

… “BaseFEX” [ basefex.com ] … this is for those who want one or all of the

following; 1) the very best bid/offer spread + low commissions in an order book

format, and 2) open 24/7/365 for trading, NO KYC OF ANY KIND, 100X

LEVERAGE, ACCOUNT BALANCE HELD IN BITCOIN, AND 24/7 CUSTOMER

SERVICE.

BaseFEx has both live & demo platforms, and I encourage those who are not

familiar with a trading platform that is an “order book”, to download the demo

and familiarize yourself with the platform … personally, I find their platform easy

to navigate, and what I especially like is volume of your order size is in U.S.

Dollars … charting features are also good, and the trading algorithm can easily

run on the charting platform located directly above the order book … BaseFEX

fees for trading is based on the “maker” [limit order] or “taker” [market order]

concept … 0.02% for makers, and 0.06% for takers … at current BTC price of

about 9100, that’s $1.82 for a limit order on 1 BTC, and $5.46 for a market order

on 1 BTC … but there’s MOAR! … sign up through my affiliate link

“BaseFEX Logo” in the upper right hand column of the website AND GET AN

EXTRA 10% TAKEN OFF YOUR TRADING FEES! … they’re already low to begin

with, NOW MAKE THEM EVEN LOWER!

Obviously, since everything is part of the order book among hundreds of

thousands of accounts that are trading, THERE IS NO SCUMBAG BANK OR

HEDGE FUND LIQUIDITY PROVIDER [LP] TO SCREW YOU! … it’s a pure market

of bids & offers of which you’re a part, just like it would be if it were a gigantic

trading pit you were standing in back in the day … only now, the entire world is

here! … those commissions mentioned above go lower with the more volume

you do … first break lower for “makers” [limit orders] goes from 0.02% to 0.015%

when you start trading more than 500 total BTC in a 30 day period … at current

prices THAT’S ABOUT 4.5 MILLION BUCKS WORTH OF btc PER 30 DAYS … and

it goes lower from there as well, to where if you’re a very active trader, trading

hundreds of times a day your cost of trading goes down significantly … it just

depends on how much volume you do … do yourself a favor & check ‘em out!

I want to emphasize again, the importance of 1) ANONYMOUS, SECURE, &

PRIVATE EMAIL for account signup at any offshore brokerage house, especially

those that are NO KYC … as I have stated previously, if you don’t have one, and

no Google gmail, Yahoo, & Microsoft hotmail are not options here … they are the

worst at privacy & security anywhere on the planet … go to Proton email out of

Switzerland [ protonmail.com ] and sign up for a FREE account, OR go

somewhere else and get another one … 2) ALWAYS use a VPN when either online

or trading through any MT4 or MT5 trading platform … I use “TorGuard” VPN, and

I like it cuz it’s easy to install, works great with streaming services like YouTube,

NetFlix, Hulu, and works great with MT4, MT5, and the other proprietary platforms

that places like PRIMEXBT and BaseFEX use … use the promo code

“50FORLIFEBUNDLE” [without the quote marks] to receive 50% off the annual

sub price of $59.95 … that makes the entire year for $29.99 … pay with BTC and

you don’t need to give them any info about you … and it supports up to 8 devices

for you and your family [ torguard.net ] … it works perfectly for me, and that’s why

I recommend it.

Earlier today, before BTC exploded higher, there was a textbook sell signal

… directly below the chart with commentary.

click on chart to enlarge

And while there are multiple ways the trading algorithm generates buy signals,

there’s only one scenario, or condition, under which shorts should be entered,

and the trade above mirrors those conditions … and I’m gonna say this again

cuz it needs to be reinforced … follow the rules and you make money … add or

subtract anything from the algorithm and good luck, simple as that … and if you

do that, all you’ve done is eliminate the high probability for success in the trade

and made it into a “coin flip” … sorry, I don’t do coin flips.

 … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

CRYPTO IS RESHAPING THE WORLD

“Butch says, “who needs school when there’s BTC”? … he’s not wrong!”

Wilbur Theodore Winthorp III [a/k/a “Butch”], used to trade indices, FX, and crude

oil, and currently serves as chief head of “-vegas security” … not satisfied at being

kept in 5th grade the last couple of years, and noticing his income has dwindled

that the girls aren’t as interested in him as before, has made the switch to Bitcoin

[BTCUSD] trading, and he couldn’t be happier … and since he has the perfect

blend of technology & algorithm software, it’s only a matter of time before the

babes return to the fold … just look at that happy face, every time he sees me!

Quite frankly, the financial trading industry is moving so fast, it’s difficult to keep

up with the changes … and as crypto, specifically BTC, becomes more & more

mainstream, block chain allows for trading not dreamed possible just a few years

ago … as always governments, especially dinosaur control freak outfits like the

U.S., are always the last to figure anything out … however, there are “constants”

that remain fixed and traders everywhere should strive to maintain … 1) NO KYC,

or very little KYC, where you send in a copy of ID & maybe proof of residence,

and that’s it … Coinexx is pretty easy when it comes to KYC, and there are no

country restrictions [except maybe North Korea & Yemen] that I’m aware of

currently … however, whenever possible, go with the NO KYC folks and use an

email service like Proton email [free], based in Switzerland, for account

registration, and a VPN like Torguard … this removes any link about you

whatsoever and keeps you private, secure, & anonymous.

For a lot of traders, who aren’t just trading BTC, but also trade FX, stock indices,

or other markets like crude oil, the MT5 platform at COINEXX IS AN EXCELLENT

CHOICE … for individual stock CFD’s, like AMZN [Amazon], and some European

stock indices, CRYPTO ROCKET is the place to trade … COINEXX uses the

servers at Turnkey IT, a different arm of the Turnkey Forex brand, for traditional

markets, and uses others for crypto … overall it’s the best to get the “mostest”

from all markets except individual stock CFD’s … even though I don’t think most

people will mind the KYC at COINEXX, it’s still a pain in the ass, and for some it

might be a deal killer … dunno … there’s also the inconvenience in BTC trading

[or ETH] of 1) no weekend trading, and as you are aware this last current

weekend was slightly “chaotic” to say the least, going down 20% at worst on

Saturday, and 2) leverage on trades of only 5X, or 10X if you choose to take the

margin bonus … even with the bonus, some traders will find this a negative,

simply cuz it’s not high enough.

Right now, I’m in discussions with a crypto broker that’s for BTC traders ONLY,

who have no desire to trade anything else but BTC, and who want 1) 100X

leverage, 2) NO KYC OF ANY KIND, 3) balance in account held in either BTC or

USDT, 4) a very active order book with razor tight bid/offer spreads, and a

“maker / taker” fee schedule that sees the LOWEST FEES going anywhere to

trade … it’s simple really, “makers” add liquidity to the market [order book] and

are rewarded low fees, and “takers” remove liquidity from the order book and

pay a higher fee, and 5) no limit to the amount of BTC that can be withdrawn at

one time.

So, if you’re a heavy solo BTC trader OR WANNA BE!, and aren’t interested in

anything else but BTC, or simply don’t want to pay more than you should to

trade, you’re gonna LOVE THIS PLACE! … I have a few more details to iron out

with them, and I’ll keep you posted … if you’ve always dreamed of trading BTC

like EURUSD, then stay tuned!

Well, if you like trading action, you’ll love a day like today in BTCUSD

… something for everybody, and both long & short signals today in droves

… here late in the New York afternoon, a couple of  trades directly below that

were pure algo signal buys … when you have the updated e-book in hand you’ll

see they fit perfectly.

click on chart to enlarge

There were plenty of others to be sure, and I’ll start highlighting some sell signals

as well … there are very specific parameters for selling & buying, and unless they

are all there, no trade is made … these 2 trades above are nothing unusual in the

world’s finest & free of government interference, tradeable market there is going

… quite frankly, BTC leaves every other market in the frickin’ dust when it comes

to access [24/7/365], leverage [100X], anonymity & privacy, ease of deposit &

withdrawal, and most importantly trading action … and if you’re not trading it via

my e-book algorithm, your throwing money out the window hand over fist

… much more crypto tomorrow! … and if you like crypto trading, especially

BTC, please follow me and sign up on the web page … thanks!

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas