A NEW ERA BEGINS TODAY IN CRYPTO

 

“Cry in your beer Gary Gensler, your tears are joyous!!”

A new era begins today with the start of trading of 11 new ETF’s in Bitcoin in the

U.S., the most hostile jurisdiction for crypto known to exist … the SEC had no

choice in the matter, unless of course they wanted to look forward to further

lawsuits from BlackRock et al … and no matter how the Elites caterwaul and

wring their pearls & worry beads cuz crypto is ALL money laundering, tax

evasion, sex trafficking, and every other things most of them are involved in, the

FACTS show a different story … but since when do facts matter to Government

Apparatchiks and/or POLS with Marxist agendas? … and the simple fact is,

crypto TAKES AWAY GOVERNMENT’S ABILITY TO CORRUPT & MANIPULATE

MONEY, and since they got no control over it, they hate it with a passion, usually

reserved only for conservatives.

It’s interesting to note that the ETF’s have a fee structure of 0.20%, which is

based on the price of BTC, not session range … that fee amounts to about $100

per 1 BTC … trading BTC at Phemex or Binance the fees come to about $54

… and at Coinexx it’s about $25 - $35, depending on the variable spread under

normal conditions … well, that escalated quickly didn’t it?

All the Chumps who can’t wait for the NYSE open to buy, get filled at the top

… kinda reminds me of the Coinbase IPO, which was the high in BTC around

66K … will 49K be this moves high for a while? … and the move off the day’s

high, elevator down, was simply walk down the stairs with little panic … straight

selling for over 1 ½ hours, down over $3+K … not exactly awe inspiring, but not

wholly surprising either cuz many knew it was gonna be either a moonshot or a

trap … and the market handed the bulls a trap … “bigly & yuge” range today in

BTC, well in excess of the MA & MEDIAN by over 100%! … in addition, the

spread at Coinexx blew out to $60 - $75, which is bullshit, most of the way down

… now hanging around the low of the day for the last couple of hours, the spread

has come back to normal around $35.

Pre NYSE open a fairly decent trade, but you have to be careful here at the very

start of this new era … yesterday we got the ETF approval, and today sees first

day of trading … caution is the watchword unless you got a death wish … and

from the NYSE open it was classic reversal straight down, with NADA for

corrective activity upward … OK, shit happens but it was unusual to say the

least … meanwhile over at IQCENT, BTC a complete joke with BASIS all over the

place, mostly huge BASIS DISCOUNTS … that of course means ZILCH buying of

BTC … no trades on this very strange day of BTC activity … onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas