“All part of Biden’s plan to destroy the U.S. … you voted for the Doofus!!”
Everything is “fine”, remember? … and if you believe anything Corruptocrats like
Biden, Spicoli, and/or Grandma “Yoda” Yellen have to say about anything, you’re
dumber than a bag of fucking rocks … they are all professional LIARS,
HYPOCRITES, & THIEVES … another Friday night bank closure, this time First
Republic Bank … all part of the plan by Socialist Thugs like Biden & his
“Manchurian Candidate” VP “Word Salad” Kammy … the goal is to get rid of all
but the biggest banks in the U.S., leaving JPM, Citigroup, Bank of America, and
maybe a couple of others if they behave right … much easier to control you and
your wealth for confiscation when the time is appropriate when there’s only a
handful of TBTF & TBTJ scumbag banks … more regional and smaller banks to
follow down the drain.
All of this is heading society towards a cashless society and a central bank
digital currency [CBDC], and with it the end of personal freedoms … and if you’re
not a good little Goebbels Libtard, you’ll get no credit to buy that bigger useless
house in the suburbs, and every aspect of your life will be monitored by “Big
Brother” … the scary part is that there are Sheeple who say they wouldn’t mind
that, cuz it means “security” … “security” from what? … just remember, whatever
it is some Asshat POL promises, can be taken away when you wander off the
plantation! … now what?
You only got one option … since history backs me up 100%, how many fucking
times do I have to say this? … “it’s better to be 10 years too early than 1 day too
late!” … 1) you need gold [silver] held OUTSIDE OF THE U.S. in a safe & secure
location … Singapore & Dubai fill that requirement … and 2) you definitely NEED
CRYPTO! … if the swings in Bitcoin, Ethereum, and others make you feel uneasy,
hold stablecoins in your DECENTRALIZED WALLET … Exodus & Atomic wallets
are all very good, and there are dozens of others as well … TETHER, TRON,
BINANCE all have dollar stablecoins, and I’m sure there are others coming on
stream … you don’t need an offshore bank account and pay incorporation agents
and/or lawyers to incorporate an IBC [International Business Company] in a tax
haven and then pay hefty annual fees, just to hold cash outside of the purview of
government & potential creditors … simply buy and hold crypto stablecoins for
that rainy day emergency … and if you’re really off the charts paranoid, hold
Monero or Z-Cash, which are total privacy coins that can’t be tracked on the
blockchain, thus fall off the RADAR of the crypto analytic firms that serve
government … OR, hold your crypto in a cold ledger thumb drive and keep it in
a safe and secure space that you control.
But gosh vegas, what if the government outlaws crypto and makes it illegal?
… Bwahahahaha! … OK, let ‘em! … it only makes the U.S. that much further
behind the rest of the world, where crypto is being adopted “el mucho quicko”!
… it would solve nothing, and wouldn’t change anybody’s mind … it would
drive development & innovation out of the country [a/k/a “brain drain”] into the
hands of others … and who’s gonna follow the U.S.? … try nobody of
significance, as the rest of the three quarters of the world laughs uncontrollably
at dwindling U.S. hegemony in everything but stupidity & incompetence!
I will remind readers, that back in 2008 - 2010, when one “Chalky Sotero”
became Preezy Empty Suit, he shoved through the Libtard Clown College [both
branches, the “populist” & “retarded”] legislation that outlawed CFD’s in the
U.S. … of course, this was the payoff to the CME in Murder, Illinois which has the
world’s largest futures exchange … that killed a lot of jobs and firms that left the
U.S. and went “offshore”, and is the reason 99% of the world wants nothing to
do with U.S. citizens and/or residents when it comes to finance of any kind,
meaning bank and/or brokerage accounts … so, what did this stinkbomb
legislation accomplish? … nothing … people went offshore in droves to firms
that didn’t give a shit what the U.S. wanted or cared about … now, as crypto has
become “mainstream”, that offshore world is bigger and stronger than ever
before while the U.S. loses on every metric you can care to name … yea, so go
ahead and make it “illegal”, it won’t matter one fucking bit … I can already hear
the Middle East, Africa, South America, Caribbean, Europe, Russia, China, India,
and the entire Pacific Rim laughing their collective asses off into hysteria at the
world’s dumbest Libtards.
Every week brings more news of cooperation of the world’s countries at
de-dollarization, of ditching the SWIFT international payments system run by the
FED, of both China & Russia coming closer to backing their respective
currencies with gold, and setting up financial systems specifically designed TO
CUT THE U.S. OUT OF EVERYTHING THEY DO … there are already validated
rumors of Saudi Arabia selling oil to China, accepting Yuan as payment, and
turning around and buying gold for physical delivery on the Shanghai Gold
Exchange … and given the U.S. history since WWII of shitting on friends, and the
idiots running things now and their penchant for FUBAR everything they touch,
just wait when the Saudi’s no longer accept the dollar for pricing of oil and see
what happens next … every metric that matters, both direct and indirect, points
towards the collapse of the U.S. into third world status in the years ahead … and
when the POLS get desperate, YOUR WEALTH becomes the target!
In the months and years ahead, the U.S. will LOSE its markets in physical
commodities … it’s only a matter of time before gold & oil start trading in terms
of Bitcoin and/or Yuan [Reminbi = offshore Yuan outside of China proper] … it’s
only a matter of time before the “NO KYC” offshore brokerage houses start
offering balances held in YUAN or REMINBI … many already offer crypto held
balances … what would you rather have, a gold backed Yuan or piece of paper
backed by nothing, which is what Federal Reserve Notes are? … people will vote
with their wallets! … whether you love or hate crypto really doesn’t matter … the
people of the world have had enough of corrupt central banks that wipe
purchasing power off of their country’s currency via the CNTRL-P machine
… POLS & Apparatchiks ALWAYS choose corruption and inflation over common
sense and what’s in the best interests of their citizens … mass adoption, whether
you want to stay in the “dark ages” or “see the light” makes no difference, will
eventually make Bitcoin the most valuable currency in the world … and the
reason is simple … it can’t be cheated, and there’s a FIXED SUPPLY … no money
printing! … and it’s instant cash around the world across borders, with now the
ability of having goods & services bought / sold in BTC, as well as debit cards
… the “flow” is only going in one direction! … money is finally being taken out
of the hands of the corrupt, and put in the hands of the world’s population
… and you wonder why POLS & Apparatchiks hate it? [Note: they don’t hate it
when they get their “skim” from the banks deposited into their crypto wallets,
now do they?]
How much longer can the FED manipulate the gold market, keep prices artificially
low, before it blows up, brings the COMEX down, and hopefully bankrupts a few
bullion banks? … I dunno where the “line in the sand” is, I can only surmise it’s
closer than ever before … I don’t think the “debt ceiling drama” will do anything,
simply cuz the Repubs always cave at the last minute … they’re worse than the
French! … more bank failures will be met with more QE+ INFINITY, and papered
over as “ho hum” … quite frankly, I think it’s gonna take the Saudi’s or the
ChiComs to do it … which one moves first? … and when that seminal moment
arrives, both Bitcoin & gold explode!
Bitcoin is the “perfect” trading vehicle in the electronic era for many reasons, not
the least of which is no scumbag bank LP’s or by proxy central banks … it’s a
FREE, pure spec market that’s made up of retail specs, “whales” of varying size,
and “arb” [arbitrageur] firms trading the discrepancies in price from the myriad
of exchanges and platforms that offer Bitcoin “spot” and “perpetual” futures
trading … by contrast, FX is entirely controlled and manipulated by central banks
and their BFF scumbag TBTF & TBTJ multinational bank LP’s, and has been since
the EURCHF debacle in January 2015 … “Stock Bellies” run by the FED and the
“Plunge Protection Team” [PPT] and manipulated daily.
Mainstream Bitcoin trading at the biggest crypto firms like Binance, Phemex,
ByBit, etc., all have penny spreads but “bigly & yuge” “gas fees” [a/k/a
commissions] … most people are gonna pay around $35 per BTC notional price
… and over the last few years, trading has gotten MORE EXPENSIVE, NOT
CHEAPER at these firms … for example, gone are the “they pay you” for an
executed “maker order” [limit buy or sell] … they now all charge for that! … and
they all have drastically reduced the available leverage to trade BTC without very
tight stop orders … orders that get run by folks who got plenty more money than
you! … the industry norm now is 10X leverage … then there are places like
Coinexx, which offer crypto trading, but instead of an “open order book” [OOB]
proprietary platform with charting from Trading View [TV], they have LP’s who
make a market [cough, bullshit, cough] and use the MT4 or MT5 platform … here
the spread is around $35, and the commissions are pennies … total cost is
roughly the same, just that spread and commissions are swapped … here, you
get to deal with scumbag LP slippage in all of its glorious ramifications … quite
frankly, they are the worst thieves in trading … simply atrocious.
What you need to understand is that whether you’re on an OOB platform or at
some place like Coinexx, what you see for a “market” is bogus … you aren’t
gonna get the bid when selling and you’re not gonna get the offer when buying
… whatever quote you’re seeing, it’s an illusion … granted, the real market is
close, but how do you define “close”, and is that acceptable to you as your
volume increases? … the market is being “spoofed” constantly by “whales” and
arbs … bids and offers there one second, gone the next nanosecond … these
“spoof games” are being played continuously with one purpose and goal … to
get you to think one thing, while those wanting to do something else look to take
your money … simple as that, no confusion here!
IQCENT offers the very best Bitcoin trading conditions, not cuz their pricing is
perfect, but cuz of the fact that the bid/offer spread is almost always 1 penny,
AND THERE ARE NO GASS FEES [COMMISSIONS]! … I’m pretty sure IQCENT
acts as their own LP via a brokerage arm, so in essence they’re one big “arb”
… if they are a “market maker” [MM] and trade for their own account against
clients, I could care less, for the simple reason I don’t care what somebody else
does, and if they want to “fade me”, have at it … as Vito Corleone would say,
“it’s not personal, just business!” … but like everybody else who’s trading and is
in the MM biz or arb side of things, whatever they are offering to sell you, SOME
OTHER PLACE THEY ARE ABLE TO BUY IT CHEAPER FIRST, THEN OFFER IT
TO YOU … ditto only reverse the process for sells.
Sure, you can put a “LIMIT ORDER” into the system, but they’re only gonna
execute the order if they can profit off of it FIRST! … C’mon, don’t be stupid and
naive! … what makes it work perfectly from our perspective are 2 important
criteria … 1) Bitcoin moves hard & fast, and 2) our cost structure can’t be beat!
… it simply doesn’t matter in the scheme of things if price is slightly higher/lower
someplace else … in less than a microsecond that will change … what we aren’t
locked into, is a HIGH COST STRUCTURE THAT KILLS PROFITS AND WIDENS
LOSSES! … in essence this is what arbs do, and it’s supposed to be what LP’s
should be doing at a place like Coinexx, but sadly don’t.
Directly below, this week’s 20 Day Range MA’s for selected markets.
click on table to enlarge
Onto the week! … OUTTA HERE … “The future’s so bright I need 2 pairs of
sunglasses 😎😎, and my own Brinks armored truck” 💓!!
… Onward & Upward!!
-vegas
