Categories
Politics

bitcoin Records!

Two times today and the day is still young…

Wow, the bitcoin world is going crazy and so is crypto…

Today BTC or Bitcoin broke two record high events within hours of each other. 

63,695.98  and 63,768.79 before sinking down to around 53,300  BUT the day is not over it is very possible that we will see 64,000.00 and above either later today or tonight. 

Some think that this is due to the “Coin-Base” Effect which in case you may not know is happening on April the 14th. 

Certainly there is some effect and that is logical however there are many other factors that are beginning to point to a large surge in price for bitcoin in the near future. 

There are a lot of people who have been holding for years and i can imagine that this presents a real conundrum for those people. 

Should I sell now while its high or should I wait until it goes even higher?

Likely it will go higher.  (that is not financial advice)

Some are predicting 110,000.00 by the end of this year and still others have made some rather let us say unlikely price amounts which I am somewhat loath to mention but hey its the internet right, you probably already heard this anyway but just in case… 

$400,000.00

Now, the chances of BTC going to $400,000.00 by Dec 2021…

I just cannot imagine it but also I could not imagine it going from 30,000 to 63,000 in less than 90 days either. 

(This is not financial advice) 

I believe that the high for tomorrow may be up to $70,000.00

Now that would be a real Boon for Coinbase and for a lot of small investors as well. 

The thing here to remember and again this is not financial advice at all, not in any way shape or form. 

LOL. 

But the thing to consider here is that in order to really profit from the buying and selling of Crypto you have to get it at an affordable price or buy it while it is in the low end of the cycle. 

Like right now it is around 63,161.725

It will likely go down some and then back up again. 

IF you have nerves of steel, you could profit some. 

Again though it is important to remember that if you are thinking you can buy 10 bucks and make 10,000 well you are not really in the right place to be investing right now and that also goes for those that do not have any investment capitol. 

Basically what this means is do not under any circumstances put your rent money into BTC. 

WE all know that it is going to happen but it is a very Bad idea. 

Again, not financial advice but logic dictates that you should never Every Under any Circumstances risk money that you need in order to survive. 

Grocery, Food, Rent, Car payment, Gas, 

If you are living paycheck to paycheck, the best thing to do is to just ignore this completely and work on getting into a better situation where you have capitol that you can use in this way.   I know that sounded like it was advice but totally not.  

IF you are new to Crypto and are “thinking of getting started”  prepare to make mistakes. 

You will sometimes sell when you should be buying and buy when you should be selling. 

You will make mistakes. 

One of the most common mistakes is using a manual order form. 

A lot of people do not really understand how they work and believe me sometimes they do not work the way you think they do and sometimes they do not work at all. 

So, be prepared to make mistakes. 

But probably the most important thing you can do is to educate yourself. 

No that does not mean watching a 3 min video on coinbase. 

They are informative but hardly provide the in depth information that you are going to need before really starting to buy and sell, much less trading. 

There are lots of people who are very experienced at trading that lose their shirts on Crypto so be very wary wabbit. 

One of the things that you can do is to use a good service one that allows you to trade on “paper”  This lets you try out the system but the trades are not real, your using fake money to try out what trading might be like. 

Also be very aware that just because you “fake trade” and see some success, remember your actions are likely going to be influenced. 

Basically what I mean by that is that when you are playing monopoly its different than say you were to play monopoly for real money. 

Money tends to kind of change the way you feel when you are trading. 

When subconsciously you know its not real you will take risks that you will not feel comfortable with taking when it is the real thing. 

Also you might feel over confidant and take that risk and then watch in “horror” as the price drops and drops and drops just after you made that trade. 

Hey it happens to every trader out there. 

The bottom line here is sometimes you win and sometimes you lose. 

Never Risk something that you cannot afford to lose. 

IF you cannot afford to lose your Automobile, then you certainly should not be risking the price of that automobile on the offhand chance that BTC will go up…

You can trade with as little as a few hundred dollars but honestly you will not likely see much profit. 

The thing is you do have to start somewhere and loosing a few hundred dollars while gaining an education on how NOT to do that again…   Priceless education but only if you can afford to lose that money. 

We say this all the time. 

Never Risk what you cannot afford to lose and people still do it anyway.

Like your wife or your girlfriend. 

Tempting I know but seriously its not going to end well if you do something like that. 

All humor aside, This Really is not financial advice. 

Buying and selling crypto can be fun and rewarding but it can also be like staring in your own horror film one where you end up without your shirt or you pants. 

Seriously read up on this stuff because there is a lot to learn and no matter how much you think you know now…  You do not know enough… 

Categories
Politics

BTC cheaters?

Are there really people that are actively engaged in manipulating the Crypto Currency Maketplace?

In a word, YES!

Crypto Buyers are starting to feel a bit overwhelmed. 

The price fluctuations are a serious problem for many that are interested in bitcoin but are not sure if they want to chance the marketplace. 

That is a wise decision and one that for many reasons could save you a lot of time and money. 

One of the biggest problems right now is Options. 

Options are sold by large companies that basically allows participants to “Bet” on the outcome of the price of Bitcoin or many other things as well. 

In the Stock market world there are rules in place that are governed by various agencies that investigate problems. 

You would think that after over 100 years of this kind of issue people would know better than to try to “Fix” the market so that their bet turns out as a sure thing. 

There are a lot of people that are in prison right now for doing or we should say trying to do this very thing. 

In the Bitcoin world, BTC for short, some people feel that they can do anything they want to do and it will not matter. 

So, right now the only people really making anything trading BTC or Bitcoin are these rule breakers. 

What they do is to manipulate the market using several accounts, they buy and sell at certain price points. 

Both on the sales side and on the buyer side. 

They do this at the same time. 

So, currently the price is being manufactured. 

It is being held down to below 59,500.00

Now this is very unfair to the entire marketplace and it is even more unfair to companies that are producing software products to help people trade better. 

When the average or even above average trader cannot profit because the market is being manipulated to stay lower than it should be then no one can make any money. 

They want the price to stay around a certain price point. 

They do not want it to go too low and they do not want it to go too high. 

So, unless you were lucky enough to have traded when the price was NOT being determined by wealthy individuals with an agenda then you are probably looking at Bitcoin and other Crypto currency and thinking you know this does not look like something that I would be interested in. 

That would be something to consider, (this is not financial advice) always consult with a professional before engaging in any kind of investment. 

In many ways I do not blame people for backing away from BTC or Bitcoin or any other digital currency. 

As an example, today if the price goes one inch over the 58,000.00 mark some accounts come and dump a lot of BTC on the market in order (allegedly) to force or push the price down lower. 

You can see this easily the price has been “kept” at between 58,300 and 57,700  only occasionally going higher or lower.   

When this kind of thing happens it is a real problem for everyone. 

Sure the exchanges make money and the big players make money but everyone else is digitally strangled by these “players”  so what can the average person do?

Nothing. 

The truth is that when this kind of thing is allowed to go on there are no winners in the real world. 

(this is not financial advice) 

In many ways it might be better to see what happens next because the more this happens the more that prices will keep going down until people are no longer interested in the market. 

Now, that might seem a little odd to the trader but a large part of what has made Bitcoin so valuable is the interest from the average person. 

IF this continues the average person is going to lose interest. 

So, back in the real world many people are beginning to ask the question When will the exchanges take some action because they have to know this is happening. 

There is no way they do not know this is going on because on one of the largest exchanges it is happening and rumors say that they are going for a direct listing soon. 

Perhaps even this month. 

But will that affect this (poor mans IPO?)   

Who knows, one thing is clear if they expect to do well on this direct listing they are going to have to “clean up” a lot of what is wrong and a lot more of what is being allowed to happen. 

Who knows what the future holds but one thing seems clear if it keeps going the way it has been going the last three months, well the market is not going to support Bitcoin. 

Not only might it crash but it could become worthless. 

I hope that does not happen but it seem clear that something is very wrong in the BTC world…

Categories
Politics

BTC Manipulation?

Bitcoin is all over the place, one minute it is way up and the next it is way down and that seems a little strange.

But if you consider that the crypto market is still somewhat sketchy in many places in the world then it is still likely that manipulation is playing a role in the cost and the price of BTC every day.

This has been discussed in many online forums as well as some large brokerage firms. There are many issues with trading in Cryptocurrency and one of the biggest is being performed by the so called “Bitcoin” Whales, (owners of large sums of bitcoin) Allegedly what they do is to use more than one exchange to play trades against each other to do one of several things. They want to push the price up high then cash in stockpiled bitcoin. It is a cycle that they repeat over and over again.

They force the price lower, buy up a large amount of bitcoin then they push the price up high and sell.

This would not be legal in most of the world.

What it does is to deprive the average person from trading in a profitable manner.

Normally you could use various tools to somewhat accurately predict prices of course this is hit and miss as are most investment strategies however in normal trading situations the average or above average trader can generate a profit.

Since things are not normal and it does not appear that they will be normal anytime soon the average trader is losing money and the exchanges are benefiting from that as well.

So, the Exchanges are seeing this (allegedly) and they are not doing anything about it.

This could create some real problems for the Crypto Currency market in the future as well as the present.

When you consider that exchanges are allowing bad behavior by big traders who are “bending” the rules as well as outright manipulating the price, rise and fall of BTC and other Crypto products then that will eventually force governments to address these issues.

When that happens BTC will lose value.

The big players will not be substantially hurt because they are already wealthy it will be the average guy and the hopeful average person that gets really hurt.

People are even now using credit cards to buy Crypto in the hopes that they can make money with it.

Running up high credit card bills then losing money will result in defaulted payments on high interest cards.

This will cause more action by more governments.

The longer that the exchanges allow this to continue the more loses will be generated and exposed to high risk.

In reality this is greed.

Yes, one of the Seven Deadly Sins…

The Exchanges are getting rich from trades.

These big traders are getting rich from buying selling and manipulating the price of BTC.

While the average person is getting taken to the cleaners.

It would seem that the exchanges would have a “vested” interest in cleaning up their allegedly “dirty” dealings.

But as it goes with so many situations these days until they are made to see the “light” they usually do not make any changes.

Knowing that this is going to happen and likely sooner rather than later the idea of investing in bitcoin for profit is not going to be a lasting thing.

People should be made aware that the price of BTC could drop drastically overnight.

They could in fact lose all of their money in just one night.

Naturally there will always be people interested in taking extreme risk in the hopeful anticipation that they might get rich.

The real truth is that the time for getting rich on Bitcoin has really all but passed into the history books, (depending on who writes them) now what we have are people who are taking all the air out of the marketplace for their own benefit and that is not a good situation for anyone.

There are however a few things that you can do if you are just OCD on this idea of making money with BTC.

One of them is to use a BOT, Basically a Robot that trades for you far faster than you can do so for yourself.

This is not financial advice, if you are looking for good financial advice hire a professional with a proven track record.

There are a lot of different products out there.

Some are better than others.

Many are expensive and are no better than any other product out there that are not as expensive.

Because the market is not normal these trading tools or robots are not as effective as they were in the past.

But you can still benefit from using one of these.

What you really have to do is to set the robot up and just walk away.

I know that sounds crazy but that is really about the only way to really get out of the buy sell buy loop.

Unless you have nerves of steel it is better to just let the robot do its thing, it is slow but over time you will see a trickle of profit.

What happens to most people is that they get scared.

They let fear push them into selling their positions off because they think that the value may go so low that they will lose too much money.

To be honest that is a possibility.

For many people it has become a reality.

To really do this you have to say ok, I have X amount of money that if I lost it the only thing that would happen is that I would have some lasting regret.

That is the only way to look at it.

IF you need the money because it is part of your retirement program then do not invest it in bitcoin.

It really does have to be disposable income.

Money that you could lose and not find yourself in a bad financial situation. Never take money that you need for investing it is the root of all downfalls.

Just remember this is almost like walking into a casino and hoping to win a million dollars.

Most of the time that is just not going to happen…

Categories
bitcoin BTC Politics

bitcoin is suffering from artificial gravity

Could it be that BTC is actually being pushed up by people?

It might be a possibility because it would seem that now that the first cryptocurrency has reached 60,000 the next goal is $70,000 but is that really what is happening?

Some have postulated that 100,000 is what BTC should be by the end of 2021 others say 2025 but in reality the real price may be much lower.

Over the last four days the price went from the high 50s to 61,500 or perhaps even a little more.

logically and mathematically the price should have returned to around 55,000 at least a lot of economists seemed to indicate that a lower price would be more feasible.

However it looks like the price keeps moving between 59,500 and 61,400 this is defying gravity at least that is what it looks like.

Perhaps it will go up to 70,000 and if it does will it drop suddenly to a much lower and logical price?

On some of the forums such as bitcointalk discussions ranged from surprise to disbelief with one poster suggesting that the stimulus checks might play a big part of this sudden rise.

However, the average person is not as likely to be so BTC savvy and the suggestion that people will be buying bitcoin is not really logical either.

So, will Bitcoin start moving higher or will it begin to go lower.

One thing is clear a correction is likely sooner than later but just about everyone has been wrong about BTC over the last few years anyway so anything could happen.

I would be cautious, (disclaimer, this is not financial advice) because some people might believe that the price is going up and buy in at this somewhat inflated price only to watch in horror as the price goes back down to the 50,000 again.

If it does go back down it is likely to stay down for a good long while.

Meaning that if you buy now, you are going to have to wait perhaps as long as six months to see a return and a lot of people are probably not going to be able to do that.

I suspect that in the next few days, we are going to see a lower price probably around the 57,000 to 58,000.

Just do your research otherwise you may find that putting money into BTC now may backfire.

Categories
Politics

BTC hits 60,000

You may have heard that Bitcoin has now hit over the 60,000 mark and on its way to 70.000.

Well it might do that but its not likely to do that in the next month.

(Of course you never know)

The exact amount was somewhat north of that 60 mark to about 60438 or thereabouts and if you are just tuning into Crypto be CAutious!

Yes, its up and Yes, it may keep going up but it also comes down.

We have seen it many times over the last few years.

It might be 60 today but tomorrow it could be 45,000

It’s not likely but it certainly could be.

You see there is a lot of excitement about BTC and that makes people want to buy it.

The more buyers there are the higher it goes.

The thing is some people are thinking that hey this thing could go to 100,000 and I could double my money.

Well, you could but you could also lose part of all of your investment and that is standard boiler plate legal terms but you know what when people read that including you and me, we do not think that it will ever happen to us.

What we think is that it will not happen to us because we’re smarter than those people who lose money and that might be true in some cases but eventually if you make enough mistakes you will go for a ride and it’s not the good kind of ride either.

(disclaimer)

This is not financial advice, nor should it be considered a suggestion it is just an opinion and an elaboration that carries little or no real value except that you should always consult with a professional when deciding to invest or to not invest that is a decision best made with valid licensed professional assistance. (This way you have someone to Yell at and to blame if (God Forbid) something does go south on you)

Given the nature of how this works there are some people that are doing ok and some that are not doing as well.

You just have to do the research and be on the lookout for stumps that might show up in your way.

But most of all do this with money that you can afford to lose because you might lose it.

Just ask yourself if something happened and this money was gone would I find myself in a bind?

Sure you would shed some tears and go through all the stages of monetary grief but in the end if you lost a few hundred bucks would you have a hard time paying bills?

That is the real question you need to find out when you first start to think about investing.

That is why you need to have someone that is licensed to help you out because they will take you through what you have and what you spend and what you have saved and IF it makes sense for you to even get started.

If you are going from paycheck to paycheck barely scraping by it really does not make sense to try to invest because your not in the right place financially, (disclaimer, this is not financial advice)

You can always do some research about budgeting what your spending now and how you can make changes that would put you into a better financial position.

I recently saw a post in a forum where this guy said that he Quit Smoking and that now he puts all the money that he used to spend on cigarettes, into bitcoin.

Ok, That is a good example of thinking outside the box.

Chances are you can find with help other ways to do the same thing.

Instead of buying $6 dollar coffee every day, drink water, or brew your own coffee.

See the forest, now see the trees.

That is still not advice, it’s just a clever method of modality.

Forest Meet Trees. . . (could not decide between them) so you get both at the same time. . .

Categories
Politics

BTC Crypto

Bitcoin is creating quite the stir moving up and down often so fast that you cannot even lock in a price.

With all of the up and down moments it makes it very difficult to actually use this as money.

This creates a real problem in many ways and so far the price has continued to go up and down from 44,000 to 58,000 all in one day.

It creates so many issues for those that want to buy but just do not know how it all works or even if it is something that is safe to buy.

Larger institutions are buying into bitcoin but what does that mean to the average person who might want to buy Crypto Currency?

Right now it is hard to say because some people say that BTC is going to go up to 100,000 this year.

Still others are saying that it is going to go way down.

Logically it is more than likely that BTC is going to go back down before it goes above 60,000 and stays there.

It seems to move up and down about 2000 dollars at a time.

One day its 47,000 to 49,000 the next day it could be 44,000

So, a lot of people are buying and selling but with a percentage added onto the average price.

Just today one company was quoting 51,090 and the spot price was 48,900 So if you wanted to buy from that company you would have to overpay by a lot.

Also another thing that is a problem is the fee for buying and selling.

Some places charge up to 20 percent while ATM machines often charge 30 to 40 percent.

This is not a good way to do business and frankly it scares people off.

So what is it about this Digital Currency that is so radical that it causes the price to be so unstable?

Well, the biggest problem is that exchanges are using a trading software that is also used to trade stocks.

Digital Currency is not stocks and it should not be traded in the same way as stocks because companies issue stocks, Companies have employees, they have products.

With Digital Currency you have almost no way to tell how it will perform or when it might go up or down.

So it makes no sense that it is being traded in the same way as stocks.

Yet, that is what we are seeing right now.

The average opinion is that Bitcoin is going to continue to get more valuable but at what price?

When you cannot count on what the actual value is going to be from one day to the next it is difficult to sell something when you know what your product is worth.

Until Crypto Currency becomes more stable it is not going to gain a long term following of investors and regular people.

But beyond all of that it needs to stop being traded like a stock.

Exchanges need to change the way that Quotes are made.

When an exchange has a built in padding that artificially changes the value of the Digital Currency it creates an unfair playing field.

It is that real problem that will create more crypto lawsuits.

These exchanges must level the playing field or they are going to wake up one day to the SEC camping out on their doorsteps.

There are a lot of dirty things going on right now and some people are saying that it is used for illegal things.

Which is sort of foolish when you think about it because far more dirty things are done with traditional paper currency than digital currency.

The bad guys still do more dirty deeds with real cash then digital.

So, the idea that dirty deeds are what digital currency is used for is fantasy land.

Still there are plenty of methods that trading could be cleaned up and of course Taxes are going to play a big role going forward.

Like Taxes are not already levied upon everything.

But that is a different story.

For now be safe and be smart, do the research before you jump into the digital currency revolution.

Categories
2022 election Politics

Stimulus Blues?

Today congress, (the house anyway) are expected to vote on the 1.9 Trillion D0llar package that includes so many different things that no one really knows what is in the package.

(Not even whomever wrote it)

It is mostly a bad deal for America and Americans.

Lots of reasons why tend to point to money going out of the country to the most ridiculous “Twilight Zone” moments that defies the imagination.

Some good things are in there …

So while you might see some headlines about a vote coming up it would not be wise to think that you will be getting a payment anytime soon.

Rural America needs Broadband, which never seems to actually get to Rural America, no matter how many millions companies receive. Many companies have accepted millions of dollars to deliver 10/3 minimum internet but have failed to deliver on the promise to do so.

Case in point a rural service area at the base of the Appalachians accepted 83 million dollars to provide broadband, defined as 10 MB down minimum, 3MB up but they did not complete the project.

This continues to happen consistently in many states, this despite fiber optic lines running less than one mile away from populations served by Two State Highways and numerous county roads.

This company should have upgraded their facilities but they did not do this mostly because the equipment they have was used to begin with and was made in 1999.

This is decades old technology that fails to provide even a semblance of what many people in the world already enjoy.

Additionally, this state also sponsored a broadband initiative designed to provide last mile broadband services to rural areas that were underserviced.

The state also failed to actually provide those services.

So, yet again more money is being designated for rural broadband but little hope exists for many Rural areas due to anti competitive Telco rules that were put in place decades ago when almost no phone service was available. (What this does is to prevent any company from coming into these rural areas) So, until the lawmakers “Ever” figure out that no matter how much money they throw at “Rural Broadband” Nothing will change until they address the 800 pound Gorilla in the room. Sometimes you have to actually change bad laws that have been on the books for 90 years in order to really succeed when you start spending money.

What is even more interesting here is that it is not entirely clear that the State even realize that these laws are blocking the deployment of Rural Broadband…

So they sign a bill but they do not follow up or follow through to make sure that the money goes where it needs to go…

That is waste!

Now the biggest reason why you and millions of other Americans will not be getting a check anytime soon…

Minimum Wage!

$15.00

Ok, sure in a perfect fairy tale world people should be getting paid more.

Everyone agrees with that idea.

The problem is that mandating a minimum wage of $15.00 where a man digging a ditch gets paid the same thing as a cashier at the local retail store, like dollar general or walmart ect.

The problem is that in some jobs skill or strength or both are essential and attempting to put every person in the same box is not going to work out.

Hundreds of thousands of businesses would just close down.

Most of the Mom and Pop stores would be forced to close.

The small restaurants would have no choice but to close.

This will put more than 25 million Americans out of a job.

But the Democrats are going to leave this in the bill even though they know that the Senate will not approve $15.00 per hour in one bill.

They know it but they still left it in the bill.

Meaning that you are not going to get your $1400 check any time soon.

The Senate is not going to approve this period.

The reason why is that it is a bad idea and it will hurt more people than it helps.

So, if the democrats really wanted you to get your stimulus payment they would have tabled this measure and waited for the next bill.

It should be clear that they do not want you to get a check even though they say they do.

To be fair, the republicans do not want this either.

So once again regardless of what the democrats say they are going to fail you and then blame it on the republicans.

What good will that do exactly?

There are many people that need this and yes it’s not a lot of money but it will help.

So the next time you are sitting around wondering why everything is all messed up…

You know who and you know what the problem is.

This does not even begin to cover all of the wasteful spending that is in this bill at a time when America is in more debt than at any other time in its history.

So, ask yourself, Why?

Simple they do not want to send you a check so they make up a bill they know will never pass and they they blame it on the other side.

They know it will not pass.

This is just a huge waste of time and money all because these people are playing school house games designed to fool people who want to believe all of their lies.

Sad…

Just So SAD!

Categories
Politics

Will Bitcoin See its Shadow?

Bitcoin its a big deal or is it more of a bitCon.

This new Digital age where almost anything is possible we find a lot of interesting things going on.

One of the more interesting aspects about BTC is that the average Jane or Joe could trade and or buy, sell, make money or lose money.

At least right now that is what is happening though things are moving in some disturbing directions.

For one thing and it might be one of the most important things is that regulatory agencies are comping at the bit to go after these big behemoths of the internet age.

Along with Crypto Currency political considerations are looking at Facebook, Twitter and others for their bad behavior.

The thing about this entire situation here is that for the most part you cannot have your cake and eat it too.

No, No, No Sir… OR Ma’am.

If congress goes after Facebook and Twitter and then Goes after Crypto Currency at the same time the effect on the stock market and the economy would be seriously compromised.

It would be insane to do that but all bets are off when it comes to doing stupid things in Washington.

There is a rumor somewhat backed up by at least some good faith evidence that a few individuals and or an exchange may have created artificial demand for bitcoin causing the price to go up.

The bad faith actor, (allegedly) if he or she exists they are as anonymous and as shy as the creator of bitcoin.

The rumor has it that allegedly someone invested a large sum of coins that were not actually backed up with real currency but were printed out on a hard drive and then glued together with crazy glue.

They then allegedly tendered these coins as payment to buy bitcoin.

This created an artificial bump that propelled the currency to higher than normal volume and value.

(Allegedly)

If true we could be seeing the effects of what might be a discovery of that fact by exchanges and they are now in the process of ridding themselves of that crypto.

(allegedly and a guess at the same time)

Another interesting story is that there were some 2.9 give or take Billion dollars in options that expired on the 29th of Jan 2021.

What does that mean?

Well for one thing it could mean that the brief but exhilarating and exciting fluctuation of BTC to 37,000 was tied to some of those options being executed.

The real story here is what will happen on Ground hog day…

Yes, indeed, Feb the 2nd!

Will BTC see its shadow and go back into the ground…

One thing is for certain Phil is not going to be worried about BTC like the rest of us Joe’s and Jane’s out there.

As I write this the market is moving up and down, up and down, but not really much movement.

34,230 to 34,400

Every time it starts to move up toward 34,500 it gets spiked down to 34,130 or less.

Then people start buying…

Then it goes aback up to 34,270 and then right back down to 34,200

What this means and this is really just an educated and prognosticated Spock moment but it looks like someone or a few someones are pushing a position where anything above 35,000 will create a loss for them and they are willing to spend like the devil to push down the market until a certain point in time hits and they get that long long and slow kiss goodnight.

Bad for us good for them.

The thing is will this overdue rally hit on Monday the first of February or are they going to wait to see if BTC sees its shadow on Feb the 2nd.

I can imagine that there are a lot of people online who are hoping and perhaps even praying that today between 12 and 2pm that the price will jump up again to that elusive 37,000 mark.

Right now it looks bleak and well like more winter is headed the Bitcoin way.

The high so far has not been all that impressive.

34,499.62

But then again I guess it depends on what you got and what you want to sell.

Just don’t meet anyone in a dark alley in the middle of the night…

They are not there to really buy your bitcoin…

There are a lot of possible indications that things could go either way and one of the big possibilities is that BTC could possibly open up on the index.

If that happens there will be a serious flame for BTC…

It will be on Fire.. No theater required.

The opposite could also happen, if the SEC or any other three letter agency decides that Joe or Jane cannot be allowed to compete with the very wealthy people who make money on the stock market.

That would seem to be a real possibility.

When you start to look at what happened with Gamestop…

When you start to think that what would happen if these three letter agencies decided that regular people need to stay poor and then take action that would keep Joe or Jane or Sid or anyone that would like to trade Crypto from actually being able to do that.

They would probably do something like this…

Set stringent requirements for trading…

Minimum account balances of $5000 usd.

You would have to keep that in your account at all times.

So if you bought any BTC you would have to have an equal amount in USD at all times.

What that would effectively do would be to exclude millions of buyers and sellers from being able to “Afford” to buy or sell BTC.

with the way things are going in America these days, they are likely to require a valid vaccination agreement before you could open an account…

Right back to the insanity of DC politics.

But lets get real for a moment IF you believe that the average guy or girl online can really make a ton of money and not because you saved any money on your Auto insurance, you might be right at least for now.

It is literally like the Wild Wild West in Crypto Land.

So “Stick to ur guns partner” and keep up with what is going on because its going to be a wild bumpy ride.

Happy Trails…

Categories
Politics

Crypto Currency?

Yes, you read correctly the topic is Crypto but why?

For many reasons not the least of which is that many people are beginning to see that perhaps the US dollar is not really the best place to be these days.

This is a sad thing and something also that brings up numerous issues that the USA faces.

We are in a time and place that has never been before and with any luck will never take place again.

With all of the political upheaval as well as the demonstrated lack of trust in just about everything you can imagine over the last four years we have seen politicians take unilateral actions that broke with proper convention.

Convention of the past as well as the present.

Just take one issue the keystone pipeline, which was granted and then acted upon by thousands of individuals and many companies to the tune of several billion dollars.

More than one Government acted on this permit including some that you may not even realize were depending on this pipeline so that they could purchase US refined oil and petroleum products which would be received and refined in the USA.

Now we have a situation where more than 50 thousand jobs are about to be lost along with contracts numbering in the Billions and Billions between companies and several nations.

When this kind of thing happens even when it should not happen it brings trust issues which in turn causes the dollar to be less valuable.

Families in many rural areas were gainfully employed and were depending on those jobs to provide for their families but now those jobs might be gone and the companies that spent more than 150 million dollars on equipment to construct the pipeline have lost more than any company would be willing to write off.

In fact it is very likely that a number of lawsuits will be filed and justly so.

But what to do in the interim period?

We have instability in the market and we have trust issues coming from people who live and work here and who pay taxes here as well.

This is just one issue there are hundreds that have been created by fiat.

Normally what happens is that we see provisions of government take place in a logical manner.

In the past this was respected because it brings stability to a nation.

When you do not honor or respect the past then in the future troubles are never far away.

So here we are in a place where the past is disrespected, the present is unknown and the future is in jeopardy.

This is a perfect storm for digital currency to hedge against both inflation and the devaluation of the dollar by those who care not about the past or the future.

The thing is that for the most part the average person does not understand how the digital world of crypto currency works.

Those that do understand it may not completely be aware of the many pitfalls that can bring serious disaster to anyone’s wallet.

Even if you knew all the traps and all the issues that go along with digital currency there are likely half a dozen things you may not have considered.

Digital currency is not like having money in a bank.

We know what a dollar will buy from day to day and at least in the past it was fairly reliable.

This is likely to change because we are facing people who have no alliance with the 340 million other Americans that live in this nation and that is a really huge problem.

We cannot rely upon this currency and we cannot rely upon sanity and normalcy to guide us because sadly there is no sanity and there is nothing normal about what is happening right now.

The thing about digital currency is that while BTC might be valued at 32,000 or even 30,000 that does not mean that when you go to buy something you can get equal value.

What it can do is to provide a method by which should insanity continue and the dollar becomes untrustworthy digital currency could bring a certain amount of value to the people who face irresponsible people who do not make normal decisions.

Rather than to try to educate you on every aspect of buying, selling or trading crypt o, I will instead try to focus on some of the things that likely you may not realize about how the current system works.

There are many ways to buy and many ways to sell.

In fact you might be surprised at how many ATM machines are already in place even in small towns.

The ATM is probably the least desirable method because it has a cost associated that is higher than what you could buy it for online.

So, likely the primary use of an ATM would be to convert or trade with someone in your local community.

It is still not really the best way and also just about every method of buying and selling Crypto has a cost associated with it.

There are Exchanges, like Coinbase and many others, some of which are so difficult to understand how they work that you feel like pulling your hair out.

Avoid those.

Even if you find what looks like a decent deal that is when you need to look around to see what the hidden costs are likely to be.

The biggest trap I can see is that even if the market shows a price of 32000 That may not be the actual price, the actual price might be 31000 and that is a big problem but one that you can look out for.

When you see a price it is usually a price with a spread because the price changes literally ever second and it can vary from .50 cent to several hundred dollars all in a matter of seconds.

To try to hedge against this volatility of the marketplace almost every place online and off line will almost never give you the price that the market is actually at.

For example on one website the cost for a buy was 400 higher than the actual price at market.

You can go to a larger marketplace and find a closer match say 200 plus or minus.

But then they have a fee which is normally about a half a point to one percent sometimes less if your lucky.

The thing is even if they give you a better price that is closer to the market price it is still going to be higher than what you might like to see.

The thing about Crypto is that even if you buy today at one specific price the next day it might be up by 1200 or more.. Also it could go down as well.

Over Time though the changes continue and if your observant you can sell and buy with a lot more reliability.

The most important thing to remember is that this is not a place for someone that is broke and needs the money to feed the family.

Having said that it is important to realize that when you buy Crypto do it with money that you do not need.

Some people can make money buying and selling against the market price but they can also loose money so its important to realize that these problems can happen and that you should never attempt to buy something with money you cannot afford to loose on the chance that you might make money…

That is just common sense right?

You bet it is but you might be surprised at the number of people who dream about things like this without really having the ability to be in a position financially to do these market place purchases.

Likely by now if you are still reading this then you are fully aware of all the pitfalls or if not then take this bit of advice.

Research.

Research.

Research.

Make sure that you know what your doing and if at any point you are not sure what you are doing is the right thing or you are confused about some detail.

STOP what you are doing and go back and do more research until you know what will happen when you click the button.

Volume is still likely the way that most people actually make money with this type of market approach.

The thing is that most people do not have the resources to do a volume trade without blinking nor should you.

Even if you have plenty of money to play with smart people still take into account a strategy when it comes to buying and selling.

Just Watch the prices, know the terms, do your research and know what you are willing to spend and stick to it.

Coin Base is probably one of the best places to get started.

More so if you know very little about how Crypto works.

But should you decide to get started just know that none of the things that I just told you are published at any exchanges.

They do not really want you to realize the small details.

None of them do because they make money on the spread.

So. Get educated and as always do more research using different places, Do not trust Google or Bing they can be fine places to learn but most of the search results will bring up websites where google is more likely to have an alleged advantage. They might deny that but it is more true than you might at first realize.

So be sure to look around and read a lot of different sources.

This way you have a better chance of avoiding the pitfalls and getting a better crypto education in the process.

Categories
Politics

Dumping Twitter

Today Thousands upon Thousands of people are leaving the Twitter Publishing Platform!

After Twitter Permanently banned the President of the United States of America from its publishing platform.

So, I left Twitter behind.

But not before leaving them with this.

We have a serious problem in this nation and one that may create great injustice going forward in a nation where more than half the population do not agree with the Media and Big Tech as well as the Democrats.

What will America Look like when it is no longer America.

What will happen when Democrats take in God we trust off of the money?

I think you know it just as millions of Americans know it!

The America that our Fathers fought and died for is fading from existence because of the democrats and the media.

It is a sad day in America but even more difficult is watching this nation disappear.

disappear[?dis??pir]VERB

  1. cease to be visible.”he disappeared into the trees” · synonyms:vanish · pass from sight · cease to be visible · vanish from sight ·
    • cease to exist or be in use.”the tension had completely disappeared”synonyms:die out · die · become extinct · cease to be/exist · be no more ·
    • (of a thing) be lost or impossible to find.”my wallet seems to have disappeared”synonyms:get lost · go missing · be mislaid · be forgotten · be left behind · be stolen · be taken
  2. cause to disappear, as by consumption.”statistics show that the community disappears about 200 pounds of cabbage a year”