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As most of you know, I’m bearish on Bitcoin, and I’ve actually got three positions geared toward that idea.
I am pleased to see that Bitcoin, which I consider the last organic market on the planet, is NOT buying this b.s. data that the government is hurling at us, claiming inflation is like two percent when it’s more like fifteen percent. I believe before the year is out, BTC is going to swoon lower.
Good morning, everyone. Welcome to a new week. Welcome to a new month. However, also welcome to the same unnerving lunatic asylum, which is our present-day state of affairs and a never-ending treadmill of an on-again/off-again war (or “excursion“, if you’re wearing a special helmet).
If you’re not losing your mind by now, then you’re just not paying attention.
Like any good libtard, I enjoy watching John Oliver every Sunday evening. His piece last night was especially good, particularly the bits where the Trump boys explain how they dreamed up the names for their organizations.
Over the past month or so, I’ve had a lousy time trading Bitcoin. A few days ago, I decided I had enough, and I figured I wouldn’t touch the scam for a while.
I sure hope so. Since July 1st, this thing has reversed about $8,000 of its losses. The big picture is still intact (pointing to much lower values, like in the vicinity of $40,000 this year) but we need to get some more pounding. I’m doing my part. Sustained weakness in Bitcoin would be very helpful for the “risk off” zeitgeist.
