Not content with getting gold & silver shoved up their collective noses almost
every single night while the rest of the world sleeps, Mrs. Watanabe & Gal Pals
have turned to BTCUSD … and last night was one helluva “whopper”, as BTC
went on a wild ride up, then straight down as sell stops got wiped out … and by
my count, three 6 sigma moves lower, with one a 9 sigma event, which is rare
indeed … and all that’s left is sending another deposit to the brokerage house
… when do they learn, when do they learn? [Apparently NEVER]
And so today finds us north of 18K in Bitcoin, and the strange sigma moves are
starting to vibrate through the market at an alarming rate, thus raising warning
flags for those who listen … sure, it’s going plenty higher, but it ain’t going there
in a straight line, and don’t think for a second Mrs. Watanabe & Gal Pals are
gonna be on board for the ride up … they’ll be on board for the rides down for
sure, and you just have to wonder where all the money comes from … dunno
… but the Asian session has been nothing short of a “black hole” for money for
years.
Meanwhile over in “La la land”, a/k/a as traditional trading finance, hedge fund
“bigly & yuge” Ray Dalio can’t figure out Bitcoin … wonders if he missed
something … “stop Ray, you’re gonna make me pee!” … and with him, all the
trolls that infest ZH these days with inane comments about crypto, and BTC
specifically … “if there’s one group of people who couldn’t find their asses with
both hands, even if they had a Rand-McNally road map, it’s certainly the DOPES
who don’t have a clue about the most important technology of the 21st century
… for you Chalky Soetero & JoeMala voters, that would be BLOCK CHAIN, duh!
… but no matter, these are the same idiots who bring up the same “straw man”
arguments every time crypto in general gets mentioned … “what if the
Gubermint outlaws it?” at the top of the list … “hey, be my guest, outlaw it, and
see what happens next … figuring that AT A MINIMUM 10% of the world
economy is purely criminal [and POLS & Apparatchiks know all about that don’t
they?], and AT A MINIMUM 50% OF THE WORLD’S ECONOMY IS
UNDERGROUND TO AVOID TAXES, you somehow think if some dumb ass like
JoeMala were to outlaw it anybody would give 2 rat fucks?” … are people today
as dumb & stupid as they were back in the day when FDR made owning gold
illegal? … meh, I don’t think so! … what would happen would be 2 things
… 1) use would skyrocket making Gubermint more ineffectual & worthless than
they already are, and 2) people in the U.S. would suffer as a result.
Just look what Ex-Preezy Empty Suit’s “Dodd-Frank” legislation did to the U.S.
financial trading industry back in 2010 … it hasn’t stopped a fucking thing it was
intended to address, but it did ruin a vibrant financial industry that is now an
international joke … don’t believe me? … go somewhere outside the U.S. and
try and open a bank account and see what happens … you’re a financial Leper
and don’t even know it! … “guess what Skippy, Bitcoin obliterates that!”
So, for Ray & all the other dopes out there, let me make this simple … Bitcoin is
money OUTSIDE THE PURVIEW OF GOVERNMENT, and with a FIXED, KNOWN
SUPPLY THAT CAN NEVER INCREASE, it’s valuable versus that shit called the
U.S. Dollar, where your “Betters” have depreciated it over 98%+ in 107 years
thanks to the criminals at the FED, and have no intention of ever stopping the
fairy tale, make believe printing press that will eventually bring financial ruin to
‘Murica … it’s private, anonymous, secure and there’s no NEED FOR PARASITIC,
SCUMBAG BANKS LIKE JPM OR ANYBODY ELSE … and unless you’re a
complete Newbie crypto moron, moving money through multiple exchanges and
wallets, of which there are THOUSANDS now, makes it almost impossible to trace
your wallet address’s activity via the spies at CryptoTrace, or any place else
… think the Gubermint knows what’s going on? … guess again, it’s all “smoke &
mirrors” bullshit posturing … the IRS is offering “hackers” a large reward to bust
Monero, which they’ll NEVER do … so unless you’re like the “Silk Road” crew that
just did about $1 BILLION in BTC and are wanted by every single law enforcement
network on the planet, I wouldn’t worry about it … and while the Dupes at the
U.S. DOJ were quick to announce in the MSM that they were gonna seize all that
money and file lawsuits, where’s the follow up? … sue who? … get what crypto?
… where? … you ain’t got shit and you know it … it’s all for public consumption
to try and show the Gubermint gumshoes are on it! … FFS, they can’t even find
Cankle’s emails!! … but no worries, about 10 years from now when all the haters
& doubters will start to use crypto for everything, and BTC is at something
ridiculous by today’s standards in terms of price, they’ll pretend they were at
the beginning and everything is good … quite frankly, it’s why I don’t bother to
post on ZH anymore, simply too many idiots.
Since BTCUSD has gone up so much, now any retracement or corrective trading
action to the downside will bring out the “Bitcoin is a SCAM!” crowd … these are
the same people who bought gold in 2011 at 1900, and only had to wait 9 years and
a $900 decline in the face, before it came back and went briefly above 2000 … but
somehow, that’s “solid” … NEWS FLASH: “Nothing is fucking solid IF THE
SUPPLY CAN INCREASE, and if central banks click the CNTRL-P machine on for
the scumbag bullion dealers … NOTHING!” … simply another bogus argument
from the “straw man” crowd.
Meanwhile over in EAST NORTH KOREA, a/k/a the U.S., Joe Biden has been
INDICTED in Ukraine and is a WANTED FELON … wonder if the MSM will report
this? … bwahahahaha! … imagine if it were Trump, the screams from Libtards for
his immediate execution would be all over the airwaves … “some days, you
simply can’t make this shit up”!
BTCUSD now down as I write about $1400 off it’s high from “Chucklehead”
buying … stops getting run, and the “Johnny-come-latelys” to the price rise
party are getting a rude awakening to a truly free market … when it’s done, it’ll
be panic city up again … from my perspective, though, I’m not trading Bitcoin
like I would some piece of shit ,manipulated market on the MT4 or MT5 … I’m
trading Bitcoin as an LP … big diff here Skippy! … now, “The Syndicate” is the
frickin’ “bank”, and we choose to make our bids and offers which others take,
and in the process we get paid … sure, it’s nice to tack on some price gain as
well, and the trading algorithm is “PRICELESS” at doing that … given the fact
BTC is upwards of 80%+ UP the last 6 weeks, some nasty corrective activity is
definitely in order directly ahead … today, when BTC broke 17,700 on panic
down stop loss selling from the usual suspects, I stopped our market making
activities cuz it’s simply too dangerous, the price swings too great … no worries,
as it settles down some, I’ll be back at it.
Quite frankly, I knew “The Syndicate” would make oodles of money, I just didn’t
think it would be up this much so quickly cuz of BTC price appreciation … “but
hey, you wanna go to $1 million per BTC by Valentines Day 2021, I don’t think
anybody will mind at all!”
“The Syndicate” trading today in BTCUSD UP APPROXIMATELY 0.05%
Trading stopped early, basically only a little more than an hour into this
clusterfark, as the range so far is around $1400 … sure, lots of money to be
made if you’re right, but the flip side to this market is that if you’re wrong it’ll
be worse than a nightmare … so, hopefully back to some semblance of a
rational market come tomorrow.
Over in metals, what’s there really to say? … another manipulated,
clusterfark mess … 9+ hours into this and silver is within a few pennies of where
it was when I started the day … what do you expect it ain’t Bitcoin! … a few
pennies up, then a few pennies down, back & forth, with the usual rinse & repeat
slippage that goes with anything you do in metals … unless it’s moving, banks
win you lose … and it ain’t moving! … this is the 7th day in a row of piss poor
trading action, after the bloodbath “Thelma & Louise” move lower on the
hopium / dopium Pfizer vaccine news … so, no trades today in the
TURNKEY PAMM / MAM.
Back at it again tomorrow … will the Chuckleheads find more money to blow
come tonight’s trading action? … the freedom at FINALLY having a market that
is free from government interference!
Until tomorrow … outta here … Onward & Upward!!
-vegas
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