Should I congratulate you now for listening to me when I spoke about Bitcoin the other week?
The exchange traded fund (ETF) I was talking about—GBTC—would’ve given you a 54% profit in less than 2 weeks, but don’t worry if you missed out on it, because I’ve come across something that should be even better.
I’m talking about taking in tens of thousands of dollars from the volatility of the stock market, and it couldn’t be any simpler…
If you were sharp enough to short-sell the Bitcoin ETF when I wrote about it on August 31st, you would’ve made a 54% profit in less than 2 weeks.
I told you how overstretched GBTC looked and clearly that rubber band snapped back exactly like I thought it would.
The ETF went from $1,064 to $481 in 9 days.
As I write, it’s started a bit of a recovery, but the biggest thing to consider is how volatile that stock is.
Of course, volatility can be both good and bad, but the methods we use are all set up to safeguard us against the bad kind of volatility.
That’s clearly not an issue for us right now, though.
I think we should move forward from here with the volatility of bitcoin in mind.
That’s why I’ve been keeping a close eye on the volatility index—$VIX.
The VIX tracks the volatility of the stock market, and if you’ve looked at it lately, you might’ve noticed a certain pattern.
First of all, the VIX hit an all-time low of $8.84 back in July, and it’s been hovering above it for quite some time.
That’s not to say it hasn’t been moving. It’s been bouncing along quite a bit recently, and that’s the reason you’d be able to profit massively if you played it right.
Consider this, if you would’ve invested $10,000 in the VIX this time last year, you would’ve turned it into $71,457 by buying it and short selling it at the right time.
And it would’ve only taken you 4 trades.
The first one would’ve paid out 95%, the second one would’ve given you 56%, the third would returned 62%, and the fourth would’ve topped you off with 45%.
That sort of money would allow you to quit your job.
The fact is, VIX has consistently been making 50% jumps, almost once a month, for the entire history of the index.
If you set a buy trigger price and a sell trigger price, and stick to them, you could be taking in the most passive source of income you’ve ever seen.
