If the government did its job, there’d be no need for Bitcoin [BTCUSD], or any
other crypto pair … unless you’re completely delusional [that would be you
Libtards!], governments have always debased their currency for the benefit of
those in power, with the poor & middle class picking up the tab through higher
inflation … it passes mostly without notice cuz the 20th century saw 2
devastating world wars, and at least one U.S. Preezy [JFK] got assassinated most
likely because of it when he wanted to take away their money printing power and
return it to the Treasury Dept., and that’s the creation of one of the largest
SCAMS EVER PERPETRATED ON THE U.S. PUBLIC … that of course is the
creation of the FED, one of the most EVIL entities ever unleashed upon an
unsuspecting public … and through their total recklessness and debasement of
the U.S. Dollar over time via money printing for the Elites, they destroy the
purchasing power of labor & capital at an ever increasing rate … intro of Bitcoin
in 2011, and that has changed the dynamic of wealth preservation, while at the
same time pinpointing the destructive power of government corruption … AND
THERE ISN’T A “HOOVER DAM” THING THE POLS OR APPARATCHIKS CAN
DO ABOUT IT!
I’ve heard all of the “straw dog” arguments against Bitcoin … the fact is, none of
‘em hold water, and simply end up making you look stupid … “Congrats!, you
missed out on one of the GREATEST ASSET CLASSES MANKIND HAS EVER
INVENTED OR CREATED, for the most part cuz you were too lazy to figure it out
… and since you missed out, you hate on it … amirite or amirite? … meanwhile,
your favorite yellow and grey pet rocks [gold & silver] that you pay religious
homage to do nothing … why? … cuz the pet rocks are government manipulated
and BTC can’t be, simple as that … hey, it is what it is, and if you can’t handle the
truth, go get therapy somewhere! … now, give up the hate, educate yourself, and
learn to love crypto cuz at its roots, it’s every bit if not more so, “anti
government” as your pet rocks, ONLY BETTER! … there, I solved it for you!
… you’re welcome!! … and if you’re really into “comedy gold”, go over to ZH
today when they post any article about Bitcoin, and read the lunacy, idiocy, &
pure stupidity of people who hate Bitcoin … “it’s hilarious!, and I understand the
“butt hurt” pain of missing out, but for cryin’ out loud, get a grip on reality”!
And as a trading vehicle for scalping or day trading, there isn’t anything better
than BTC, NOW or ever in the past, cuz it’s in a class by itself! … and as I’ve
said before, the day is quickly coming for ANYTHING & EVERYTHING to be priced
and traded via Bitcoin … IMHO, the “gig is up” for the U.S. the day crude oil is
priced in BTC and it overtakes the corrupt CME futures contract … from that day
forward it will be a very fast race to Venezuela … already there are brokerage
houses trading XAUBTC, and that volume is growing … imagine a world free of
government interference in financial trading across asset classes … it’s coming
a helluva lot faster than you think … all on “open order book” platforms where
EVERYONE is equal, and no group of scumbag banks or HFT’s calls the shots
and delivers bullshit bid/offer quotes and slippage! … the ChiComs see it, and it’s
one of the reasons they’ve tried their best to destroy the crypto industry and
Bitcoin in particular, cuz they know once that horse is out of the barn there’s no
coming back for any of these corrupt governments to have any say in how
anything is traded … and that means their once golden hegemony is GONE!
If you think BTFD is strong in “Stock Bellies”, with this new ETF from Pro Shares
in BTC, it will set the standard for BTFD in short order … and all of this creates
more VIX, which attracts more traders, which means those traders got to come
from somewhere, and it’s a further loss of liquidity in those markets nobody gives
a shit about, like almost the entire FX space, and I’m sure to some extent from
traditional “Stonks” as well … all I can say is, GIDDYUP!
One of the things I’ll be interested in observing is whether or not this new BTC
ETF changes the VIX trading dynamic once the NYSE opens … millions of
otherwise “Noob” traders, suddenly discovering they can trade the ETF, priced
in the low 40’s, commission free at bucket shops all around the U.S., and they’re
in “day trading heaven” with their new Bitcoin ETF toy! … “why, I can already
envision in a couple of weeks new “crypto gurus” flooding YouTube with
clickbait bullshit of “How I make $1,000 a day trading the Bitcoin ETF”, and won’t
it be glorious”! … and that begs the question of whether or not the NYSE open
ushers in a whole new set of “Crypto Chipmunks” that have to be fed cuz the ETF
is now open? … dunno, we’ll see.
From here on out on the blog, and going forward, once I make some opening
comments, I’ll segment the remainder of the blog to 1) gold [XAUUSD], 2) the
DAX40 stock index, and of course 3) crypto, especially BTC … so, let’s get
into it!
DAX40
At the London Fix, when Europe closes for the day, and here again the range for
the day in the DAX40 simply pathetic, coming in at just over 100 index points,
and the 20 Day Range MA falling fast, now under 200 index points … it’s lost
10%+ in the lest few days … my guess is, we’re headed for lower VIX into the
FED November meeting and the next ECB shitshow circus … today sees a
“double reversal”, and as I’ve said before, the vast majority of the time they go
nowhere once the double part is put in … this time no different either … trading
action in here just terrible … the spread is holding nicely at a steady 0.5 index
points, but even if the spread were ZERO, it wouldn’t make any difference cuz
there just is no interest today as this shit simply drifts back & forth.
GOLD
Like the DAX40, the spread in gold is holding well at these lower levels … Today
sees another case of Asia & Europe go straight up, and by the time the U.S.
comes into the picture, there’s nothing left but chop & bullshit … I will say,
though, I’ve been watching gold carefully in this manipulated environment it’s in,
and with a sharply lower bid/offer spread, heading into tomorrow I’ll be making
gold my first priority for trading over the DAX40 … even in shit conditions, it
trades better and does offer profit opportunities … basically, gold is in its
“pump & dump” mode, and I don’t think the 1750 area is gonna get violated until
at the earliest the next FED meeting … by the same token, getting through the
1800 - 1825 upside resistance looks formidable … one side is eventually gonna
give way, but for right now it’s “pump & dump” by the scumbag bullion banks
inside the 1750 - 1800 “Flying Wedge of Death” [FWD].
CRYPTO
New ATH for BTC today, above $67,000 … today also sees the BTC ETF options
available for trade on the NYSE … “welcome to the new “Wall Street Bets” [WSB]
short squeeze animal, as the retail spec YOLO lottery traders buy calls at the
$100,000 level for Dec & March, and force dealers who sell the rich premium to
scramble for cover and buy BTC in a panic when this stuff gets rollin’ to the
upside … “You want MOAR! VIX, cuz BTC on its own doesn’t have enough?
… well here ya go Skippy, lottery ticket deep out-of-the-money calls on sale
now!! … and the fastest moving market in the history of trading becomes
even faster!
No trades today for the Turnkey PAMM … I thought coming in today the DAX40
would be a decent trade … couldn’t have been more wrong about that, as it
turned into shit pretty quickly … gold had warning flags ll over it with it’s straight
up from the Asian open structure through Europe and into New York, and I know
what that means and it ain’t good for further upside … onto tomorrow … over in
crypto, “The Syndicate” UP APPROXIMATELY 0.4% in multiple BTC trades … it’s
pretty simple … take what the “Noobs” give you in their collective stupidity of
YOLO FOMO [You Only Live Once / Fear Of Missing Out], and it’s the easiest
money to be made by far … keep doing it day-after-day, and grind away to
“Millionairehood” a lot sooner than you think, and that’s what “The Syndicate”
does … thank you “Noobs” for your participation!
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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