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…