Absolutely nothing brings out the Bitcoin and/or crypto haters, quite like an article
on crypto or Bitcoin over on ZH … are there a bigger group of Dopes gathered
anywhere? … “it’s pretty difficult to see when you’re blind”! … hopelessly clinging
to gold & silver for the last untold decades, which by the way have seen the
WORST investment returns of any asset class, and refusing to understand that
anything in the world with a price tag on it boils down to INFORMATION! … has
gold gotten you anything over the years? … has it kept up with REAL inflation?
… NO, not even close, and in the face of a Federal Reserve that is hell bent on
printing money so the banks can manipulate it for their profit and keep the “skim”
flowing to POLS, Apparatchiks, & regulators, WHO ARE THE REAL DOPES IN
THIS EQUATION? … “if you’re sitting at a poker table with people you don’t know,
and you have no idea who the “Chump” is, assume it’s you Skippy”!
Crypto breaks the mold of government control, and allows ANYONE to
participate … and unless you somehow think the world is going back to
horseshoes & typewriter ribbons, everything associated with “block chain”
technology, DeFi [Decentralized Finance], and other arcane technologies most of
the world finds itself in the dark, you’re going to be the one that is “walking” while
the rest of the financial world is running … and there isn’t a “Hoover Dam” thing
any government, Apparatchik [a/k/a “Little Joe Stalin’s], or corrupt regulator can
do about it … NADA … in the last few weeks the governments of India & Nigeria
have floated “trial balloons” to BAN BTC and other crypto for their citizens
… Bwahahahahaha! … and in the face of this, BTC rallies through 50K like it’s not
even there! … fools filled with hubris! … every citizen soon to become a felon, and
all it does is drive people to it in droves cuz they understand perfectly what the
supposed “bans” are all about … it’s about screwing the middle & lower classes
via fiat, where the elites have all the control and print fiat ‘till the country is
bankrupt … it’s called inflation, and it ruins your labor & wealth.
I start this week’s trading for “The Syndicate”, in ZERO FEES spot cash
BTCUSDT [maybe some others as well] … going forward, I’m going to take about
a third of our profits each week and put them into BTC, as a hedge against further
melt up into the stratosphere … I see another research house is calling for BTC
to be somewhere north of $4 million within 24 months … more importantly,
institutions have only scratched the surface to their exposure in Bitcoin, and
EVERY drop in price is being met with heavy buying by those “in the know” … 50K
is nothing to them, they’re looking for gains well into the millions … “OK, sounds
good to me, but I don’t want the total exposure of having all of my trading account
in BTC, just in case” … makes more sense to place profits there going forward,
rather than capital … I’ve already gotten gains in BTC, from much lower price
levels, so balancing out risk only strengthens my overall position … I hope you’re
in the same boat, but fear too many of you aren’t … buckle up kids!
Options out of the way in the DOW30, where last week was one of the smallest
range weeks we’ve seen in a good long while … should lead to some good days
ahead of us, we’ll see.
… outta here … until tomorrow … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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