$6M Bitcoin backing Government FIAT dollars, liras, euros, yens!Since the un-peg of the USD from gold 50 years again with Nixon's need to fund a failing foreign war, the world governments have placed with world monetary policies. Putting some nations in good positions and others on bad positions.
Asset owners worldwide want a fair valuation system to allow fair trade. That's missing with all the monetary gaming going on between governments. We all want to ensure our assets don't love value. With 40% new money printed in the last two years, the value of our current government issues dollars have been chopped by about half. That's why the world is rushing to Bitcoin as the sole solution to inflation. Increasing interested rates will wipe out main street so Wall Street's sole benefit. Populations won't allow elected officials to allow that to happen. .
So, fortunately, after decades of "monetary easing," which is fancy name for "counterfeiting more unbacked dollars"
We have the perfect bull case for Bitcoin. Buy and HODL off exchange. Get a cold wallet asap and figure out how to do it. The sooner, the cheaper.... Here's why the Bull case for Bitcoin is a no-brainer.
1. Wall Street and SEC have trapped Bitcoin investors in Bitcoin labelled non-bitcoin investments using derivatives and Futures. Complete manipulation attempt by Bankers that is being called out by Raoul Paul and other Macro traders. Imagine if all the billions trapped in fake Bitcoin assets or derivatives, flows into Bitcoin? It will. The SEC and US Legislators will become World Financial Criminals if they continue to allow toxic instruments to impact a pure, verifiable and unbreakable fixed assets such a Bitcoin. Short term overselling of SEC approved Wall Street paper fraud will quickly become clear when cryotoquants continue to sound the alarm on exchange inventory. Expect a massive short squeeze that will send exchanges into deficit. The shady ones will rug pull. Find a good exchange that is protected by your home government as your on-ramp to Bitcoin and move purchased Bitcoin to a cold wallet with proper backup. You become your own international world bank. Usable worldwide on a common protocol, just like the Internet!
2. For some of us, we have pegged to Bitcoin. It's 200% gain year or year and battle tested 12 years of existance is clear. Bitcoin is the new World Reserve Currency. Nations just El Salvador has moved to a manipulated currency to a fixed, pegged and verifiable asset. The total world value of BItcoin is USD/BTC: 1,700 sats currently. As steady state, it should 100 bitcoin sats per "dollar". So 17x price increase from there on that metric, it's reasonable to assume a full Bitcoin setting for $1M each
3. Assuming all governments worldwide were in a position to balance the books, if all world governments could therefore peg their to Bitcoin, we would required 2,067,190,453 BTC at current prices So Bitcoin at $60K is too low, to cover all the World Fiat currency, assuming no more printing, that each Bitcoin would have to be $6M each to support all the World Fiat to obtain a level, world wide, class-wide, fair trading.
If you're a short term trader, on Bitcoin, you'll be selling real (aka spot) Bitcoin to a Wall Street Bear who is covering the oversold shorts these market manipulators have open.
Debasement
Smart Money is buying Real Bitcoin, selling USD and fake BitcoinPretty easy to see as a full time crypto trader wall street and smart money is trading in paper air Bitcoin bears with bulls here. $100K and $200K this year. Easy.
It's not real estate or Bitcoin or other real assets going up, it's FIAT going down faster that we can tell because governement backed currencies are bankrupt and without a floor. Inflation will continue to rampant except in economies that peg on a fix and verifiable central reserve currency. Bitcoin from 2008, has proven itself.
BITCOIN Bullrun Resumes $230K April 27th 2022 !!!!Just the Charts..Welcome to the 50th Anniversary of the Nixon Temporary Fix to fund wars overseas. This is the end of the crooked, evil and war driven dollar that enslaves the poor and youth.
Wage Love, not war. What are we fighting for? Evil dollars? Let math and true guide us forward!
CHARGE WALL STREET! CHARGE CROOKED BANKSTERS AND GOVERNMENTS! Civil Servants need to be civil and serve. Do good work, pay your taxes for good schools, roads and healtcare. Punish the crooks, not the honest, well meaning people of this earth.
Wall Street, your days are numbers. People, only trust the truth and challenge everything else!
JustCharts - Unmanipulated, 24/7, world wide, equal playing field. Bye bye BS regulators feeding us BS derivatives! The World People have spoken!
Bitcoin - Fixed supply, open ledger, worst thing for crooks and banksters!
Ethereum - Move over Cobol, Fortran and all the duc tape in financial systems and the ancient SWIFT BS system. It's done.
Shibarian Coins - Let the world masses decide the value of the World Penny.Let the Shiba Uni dog packs lose on Wall Street. Bite the crook HARD. DOGe with the power of SpaceX and rocket scientists and SHIB, the trojan horse that will tell the world how worthless the dollar really is!
Shitcoins; Toxic crapola with the first than needs a worldwideban is anything pretending to be the USD without the backing of the US Government and military.
Hint: Why are UK and Canadian regulators telling citizens and crypto exchanges to avoid USDT? Think about it because you use that garbage to store value. It's toxic. Massive run out of USDT expected and that bank is EMPTY! LOL! If you put money in a shitcoin, have some fun and play the musical chair. Be warned, on anything but the top two, the music WILL Stop.
ETH is even better than BTC but anything is better than unbacked paper of ANY kind! OH, and pay your taxes. El Capone or McAdfree could not evade. If you're a bad guy, ETC and BTC is NOT for you. LOL
Reemplace el centavo americano con SHIBa!!!!!SHIBArmy, permission to take a break at 4200? Sir!
Well, nice run pushing the front to the 4200 mark all. We still have a long way and a HARD BURN to get to the penny. For SHIB newbies, that's SHIB at 0.01 cents USD. That penny is heading straight down as our SHIBArmy World Legion votes with our debasing FIAT. Trade your pennies, pesos, Liras, pounds and donkeys to SHIBA! Let the runner run!
For now, have a lot of interest and early buyers are taking profits. Yes, HODLers, too early, but some of us look at fundamentals, herd mentality and Just Charts... LOL
75% LONG SIR! HOLDING CORE to the penny! That might happen REALLY, REALLY fast. Imagine El Salvador adding SHIB to the national payment wallet!
Wows, SHIBA will jump to #3 spot and people will go? WTFIT! And the answer is...
SHIBA = An Internet Penny
What's in YOUR wallet? LOL
BITCOIN $69,420 by October 31st 2021 Was a but premature on the $70K target. But we have a solid launch pad here at the $60K that should propel us, fueled by our well funded friends, to $69,420 which is now targeted for October 31st 2021 for some odd reason.
Limited supply of 21, only over 18M minted, Getting harder and harder to mint. Can heat up whole cities with the mining equipment!
Limited supply is better than gold where supply is limited but NOT endless like Bitcoin.
Buy the dips. If you manage to get sub $60ks, get them before Wall Street does while selling you bogus IOUs backed by bogus IOUs! LMAO!
LONG BTC, ETH, SHIB
SHORT Cash-is-trash and all its toxic bankster derivatives based on fraud.
Bitcoin: Own your keys, own your wallet.
ETHEREUM ETC Bears? Anywhere? ETH2 validation costs 32 ETH...So, the charts indicates on the short term timeframes ETH, is running a little hot. There's a lot of buyer interest? Humm. Could it be because you need to buy and stalk to burn 32 ETH for every payment validator?
So like Joe and Jane could setup up shop in their little community and become the payment processor for just a bit of hardware, knowledge and 32 ETH???
Wow, Any reason to be bear on this pillar of cryptocurrency? Please comment in any case. Anyone interested in getting "down and technical"? LOL
My target for ETH? $10K real fast. Once the World understands Bitcoin and Ethereum will replace VISA, Mastercard and private/crooked/world banks. The worlds best Trojan against corruption and greed was unleashed in 2008 to fix the monetary war that started 50 years ago in 1971 with Nixon telling the world the US "IOU" would be paid back with weapons instead of gold.
Do good. Don't trust banksters, it's "their money", you're just borrowing it. Trade it with something of some value!
TOP CRYPTOS
BITCOIN BTC traded on cryptoexchanges like Binance or Coinbase, HODL via cold metal wallets (don't long term hold electronically)
ETHEREUM ETH The swiss army knife of cryptos, you need at least as much as BTC no?
SHIB Shiba - To pick a good third crypto, you need to follow the leaders. This one is open source, open community and the hidden rocket man is having a shitload of fun with this one.
Question? Can you easily be a billionaire of something in 2021 relating to crypto? Yep! Get in early on a massive burn!!! LMAO! You have to be a geek to know one! LMAO!
JustCharts Bitcoin TARGET $465,000 USD by end of 2021? 🚀🚀🚀🚀It's all just charts. Here's a chart from 2013. A chart is worth a hundred million satoshi. Imagine the worth of a chart if there was only ever less than 21 million ever possible? ;-)
This tells us we could see Bitcoin jump from the same "low" $130 to over $1100 in three months? That's over 8.5X ? Put in $12K and get a New Years' 2022 Gift of over $100K?
So at today $55K BTC, we could see $465K by the end of 2021 with the same multipliers? In 2013, it was eccentric, today October 2021, it's becoming mainstream.
Watch the takeoff with the Apple Wallet and Apple Pay Bitcoin support.
The new fast and inexpensive crypto layer two network, Lighting incredible capacity with onramps and offramps to the Bitcoin blockchain.
Welcome to the internet currency, the great equalizer of wealth: Bitcoin
And this is a 🚀🚀🚀 SuperCycle 🚀🚀🚀 because of pandemic government financial response world wide. US alone debt load, according to the US Debt Clock, is reaching 200 Trillion dollars and the credit card is still working! It's not the cost of burgers going up, it's the value of the dollar.
BITCOIN Lightning Network 🚀🚀🚀 Twitter replaces VISA in 2022??This is BIG news that will make it out to the masses. Bitcoin Lightning solves the speed and cost of paying with Bitcoin! Running live worldwide.
Get your Bitcoins while it's less than $100K per FULL BTC!
Please tip me in Santoshi and/or thumbs up!
The trend lines supports a rally but then again, that's the beauty of simple trendlines, support and resistance level. Past $70K, we should hit $100K+ in no time and we're not going back.
This is like the Internet in the mid 90's. The dot crypto boom is coming hard. Grab your seats!!!! Have some coins and remember to own your keys or totally trust your crypto wallet holding them.
ETH Past $3350, retesting $3500. Onwards to $10-$15K ETH! 2022Given crypto run expected this quarter, we've pushed passed 3350 and will hit resistance at 3500. I suspect we'll blow past this. My weekly chart post didn't have a lot of details so here is the day chart. If we fail 3500 and fail to stay about 3350, the long position might go neutral. The macro factors are too srong on worldwide currency devaluation and enslaved USD nations moving to Bitcoin as their currency that ETH and BTC are in a race to the top!
Apple is running ETH 2.0 validators and Bitcoin and Ethereum are on it ways to the mass market Apple Wallets built in to every iphone on earth and already integrated with payment terminals in first and second world countries.
The magic here is the world bankless moving to crypto for micro, free of processing fee, payments. If ETH is $3500 with crazy high gas prices and energy used for mining, imagine the price for ETH with ETH 2 running on tiny fees and low energy.
This is the Internet when it migrated from leased lines to high speed fiber optics. If you missed the .dotcom boom, this one is even better. And for veterans of that era, knowing how to get out by reading the charts is your guide to economic freedom.
DXY is a false US Dollar indicator, use BTC instead ! Short .94?The DXY, or US Dollar Index, is calculated based a baskets of six US ICE trading partners. Those partners, the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc all practice debasement to some degree, often "less bad" than the US. Right now, I would short the USD on the resistance at 0.94 but I'd rather long BTC.
Here's why...
Federal banks can't stop printing to support the system or it will crumble. FIAT debasement is an assured things since it the only politically acceptable solution.
We'll deal with rising cost of good and decrease availability of goods because they become too expensive and unaffordable. And we'll have the masses saying "I should have bought some bitcoin $50K!"
The charts indicates DXY might go down which could correlate with Bitcoin's breakout this quarter. Enjoy the roller coaster! I might get the time to check the FIAT pairs on DXY to see what each of the chart indicates and if anyone has done that, let me know
The basket is EURUSD, JPYUSD, CADUSD, GBPUSD SEKUSD and CHFUSD
Final note: Some Forex traders have noticed strong reverse correlation between the USD and CHF (Swiss Franc), pay attention to that CHFUSD although the Swiss National Bank (SNB) has to print Francs to buy Euro so the CHF doesn't skyrocket. So DXY is a comparing a basket of manipulated FIAT currencies. Your 25 cents chocolate bar will be worth $5 pretty soon!
OK, Moonshoot or Marsshoot on Crypto and ETH?The charts makes me want to dump all assets and go into crypto... Please help a bro here.... I need some grounding. There's a very strong triple bottom long term at 1700. Missed and given the consolidation range, we need to break and it appears the bulls have SDR fuel...
I need to go look in my sofa for all the coins that fell out of my pockets over the years.... Convert that heavy metal to math ASAP
Bitcoin at $33,500 - buying the dip on 2hr EMA supportLove the converging triangle. Given how weak the USD is getting, anyone with USD should change FIAT and if you can't find any good ones, Bitcoin at $33,500 is a safe heaven of value. The Feds and tax man won't touch BTC because it's trackable. Toxic coins, anti-government coins like tether and monero is where the manhunts are for tax evaders and other bad actors.
All abord BTC at $33,500 as we wind up for the next leg. Looks like the negative news is washing out? We might dip to sub $30K for a stop loss raid because you can bet that central financial banksters in non-traditional countries are accumulating real Bitcoin, not the BS "trading vehicule" paper Bitcoin likely being use to bring down the prices as they do with metals and commodities.
Love the Fed and Banksters. If you can't fight them, join them!
Thanks for the cheap crypto coins boys! Keep it up, there's no other option really?
Comments always welcome.
Ethereum on FIRE!?? FEAR & GREED, Buy or Sell at $1800-1900???Calling the short term bottom here! If you missed out on Ethereum at $4600 when there was euphoria and nothing but positive news, now is time to consider Ethereum at the best discount we'll see in decades. Discounts can even be better as the whales have dumped, short term minded speculators bailed and derivatives toxicity overflowed.
Once people figure out why banksters don't want competition, everyone will be buying this new generation real money, controlled by math instead of crooks counterfeitting their "just because we say" IOU gov paper.
Don't bet the farm and never trade crypto leveraged. That's like asking a poker pro to be your banker. You'll walk in feeling rich and aiming to leave richer and you'll walk out penny less.
Also, don't trust crypto exchanges. They will be taken out by banksters and the puppets they control. Yes, that makes trading more tricky and is the #1 reason non-traders, HODL investors, should only do cold storage wallets.
Peace out.
PS When you start hearing about all the Ethereum V2 taking over the world with low transaction fees and energy use, sell 50% of the ETH you buy at sub $2K and repeat this wonderful cycle of fear and greed.
Ethereum: Nice correction and rebuying sub $3000 May 2021Panic selling creates a wonderful trade. Investors should think twice about investing in crypto if they are concerned about volatility. There's significant forces at play.
Medium to long term bullish. Short term, there might be more buying opportunities lower.
USD at 78-84 cents by August 2021 ?!Bear trap at 93 cents is almost confirmed and if we head down, look back longer period charts to get guidance on there the key long term support is. I would not short the USD but it's hard to imagine the world is going to flock to the overvalued USD since endless debasement is not endless. Yes, it's endless as the ravine is endless.... The only thing that's holding on the USD at about 90 cents is it's the safer of the FIAT currencies. Or it is? Comment, like, dislike. Everything is good in using the truth as guidance.
Ethereum Improvement Proposal (EIP) 1559 is officially approved!Ethereum ETH is trading at support. Lose the 1500 and we have buying opportunities lower. Break 1600s and we're back off to the races to retests $2K. Short term the popularity of ETH has created the high transaction, aka gas, fees, on Ethereum. High fees have driven down sentiment with reason. Will hot new kids DOT, ADA and LINK overtake ETH??? Probably not but DeFi is growing in a side experiment closed ecosystem called Binance BNB. It's a great short term trade if you want the crypto trading pairs.
Longer term, open, decentralized , ETH2 is happening this year. Why would one bet on Binance long term when you can bet on Ethereum not controlled by a single organisation? Is Binance controlled by Malta? Is Malta part of the EU? Who controls Binance?
EIP 1559, the interim solution is happening in the London release (fork). Meanwhile, miner replacement for lower fees, validators need to lock up 32 ETH to become validators on ETH
The future is friendly. Anything under $2K USD for ETH will seem cheap very soon.
Bitcoin might become the store of wealth, ETH might become the workhouse with a now programmed way to ensure the supply dwindles with transactions creating a constant upwards pressure for ETH starting in July 2021, four months from now.
As Bitcoin continues to stay inefficient without L2 lightning, ETH has a real world dominant use case with a solid, well supported, road map.
Watch the ETHBTC pair for confirmation on this thesis..
PS There is room for both and some others....
SHORT TETHER to zero!? USDT now illegal in the US???? New York.NY Attorney General has deemed Bitfinex and Tether illegal in New York State? And why?
ag.ny.gov
I'm relatively new to crypto but Tether and stablecoins are a complete scam? It's like a digital counterfeit US Dollar that's beyond the US regulatory reach? Or not?
If one carefully reads New York's Attorney General - seems like she's passing the baton to other authorities in the US to deal with the matter on a larger scale with a bigger stick? A national or even international stick?
How does one short USDT? Seems like a MUCH better short than the real USD? A fake crypto unbacked USD coin that's not even controlled in the US is a complete and utter joke and yet, its world wide volume beats open source, open code and undelutable Bitcoin BTC?
"Houston, we have a problem in cryptospace. expect massive storms ahead and great turbulence..." "yes, I mean, more turbulence!"
Tether shows the dangers of closed corporate and unaccountable owned coins. Crypto = don't trust humans or banksters, verify". Tether has zero accountability. You have to be totally clueless to use this coin for legit reasons.
Who owns Tether and controls it? If you know the answer to this question, you would not hold USDT or any over unstablecoins.
i am truly amazed to see that trillion of dollars is volume is moving around the planet on a worthless Tether crypto backed by a FIAT is already in big trouble.Tether is apparently backed by billions of dollars that have never been audited! Is this a joke on a cosmic scale?
This is where the US Central Bank and government need to step in and ban all of the "stablecoins" since these need to be back with real FIAT from the Federal Reserves of each country. The US needs to own all *USD* based stablecoins which means investors and traders, will be fleeing away from these highly toxic "unstablecoin"
coingeek.com
I am not actually short Tether because I don't short scams. Too unstable. As this long term chart demonstrates Tether has a nice short squeeze. There's safe ways to cleanly make money. If the US can't figure out how to deal with a few digital counterfeiters of the USD, investors can only speak with their dollars.
On the plus side, two things will happen with the looming and unavoidable Tether USDT crash:
1. The US will have someone to blame. Specifically, the two characters behind Tether. I hope they have a good army because I would not go up against the US Government even with billions of US funds. There's no place to hide in the world. Ask Julian or Edward! LOL Best to always stay on the government's good side because it might take them years but they can't allow this "st
2. All the "unstablecoins" like Tether and other non-sense "BS pegged" currencies are toxic. Stablecoins should only be issued by the various central banks. So the USD stablecoin needs to be the Fed's CBDC
3. Bagholders of toxic BS stablecoins like Tether USDT will move their money to Bitcoin and Ethereum as the King and Queen of open, unmanipulated, crypto with BTC having the lead because of Lightning L2 and its finite supply of satoshi.
Looking forward to truly sovereign government backed, stablecoins from each country. Not sure which one I would trust just yet but it would become clear which countries have their house in order and which are a total farce.
BTO: Oversold short term. Speculative $6.50 to $7.50 in 8 daysBased on past oversold on the 1 hour chart, we can expect a correction to favour the bulls until the past resistance/support at the mid 7.50s CAD. That's generally a 11-13% gain in 7 to 8 days.
All these gold miners are going to get a lot of attention in 2021 with gold about to likely take another bull run. After all, all asset classes are going up so gold, although it has lost its luster to firecracker crypto, is a unloved short term asset until it rotates to shine again.
Speculative, short term long. On the medium and long term, bulls have to prove themselves. The bears have ruled in 2021.
BITCOIN: You have to be nuts to short this limited resourceBitcoin is revolutionary. The mass still own zero of it but everyone's heard about it. Accumulating at the dip. MMT: Modern Monetary Theory. This is what created Bitcoin and what is driving it at insane levels. We've seen nothing yet.
Now we have whales entering via fund and stocks for companies in this space. Miners on Bitcoin and Validators on ETH.
Exciting time to be in crypto.
XRP: Dead cat bounce and good short term tradingNice trading from oversold 1 hour back to short territory again. This won't be pretty for the next few months for holders but on the trade, it pays to be awake at the right time! Neutral as this unfolds. Quick buy and sell on this flaming dumpster of a digital coin. Make sure you don't get stuck with this pig. Ripple's printing machine is under the spot light from US regulators and they now blame the regulators?
Good luck with that Brad. Fundamentals are trash at this point until proven otherwise. The earliest will be at the pretrial conference Feb 2021. That's next year! LOL
The charts are bearish trending with lots of nice dead cat bounce. Good trades to play the overbought and oversold on the short time scales. Scary coin to be bagholding.
XRP has lost its #3 position as digital currency. The world is looking for a good transactional Bitcoin alternative but Lightning on top of Bitcoin might just be it? XRP lost all credibility as a viable contender, at least on the world stage.
XRP: Why "controlled" crypto coins are a bad idea RIP..pleASEXRP had the ability to shine in regards to low transfer fees compared to BTC and ETH. Unfortunately, the charts shows this is a toxic coin. Pump and dump penny stock market style. Lessons for traders and holders alike: Don't trust any coins that are controlled by people who can be controlled. Controlled by greed, controlled by government or controlled by market manipulators of the grandest scale.
Had a small trading non-HODL position , cut my loss on the Coinbase news. That's the platform for the US masses and the masses are the last to cut their loses on dogs to move on. Poor buyers who bought on the pump this fall not understanding the serious structural flaws XRP has. The world will shun the US controlled crypto as much as the USD in the coming years.
On the trade for this dog, I'll wait on a non-US exchange for Jan 19th 2021 when the last of XRP holders dump to waiting hands on weekly oversold. We should be there in a few weeks and XRP should be available for sub 10 cents is my wild guy as this behaves like a corrupt penny stock. Don't fight the charts - they paint the whole story in bright red. I might set a buy order at 5 cents?
For traders, this reminds us:
Don't try to catch a falling knife
Don't trade flaming dumpsters
Is there a decentralized, uncontrolled, fixed math digital coin out there that similar to bitcoin but better suited at small fee, fast transactions like Ripple was? That's the coin to move to and it must be non-US controlled.
Ripple = RIP, until something magical comes to your rescue but the world has lost faith in you and the US has shown you want to avoid US controlled currency, of any type, whether paper or digital.
Bitcoin BTC at these levels. Recharge or more pullback?I'd rather be long than short here but any pullback will be bought. 21M total, at least 5-10% of the initial coins are in test wallets lost forever. Every forgotten a password? Well with the private/publics keys (or nemonic phrase BU) , you lose it, you've lost your bitcoins to destiny.
I'm going neutral here until the bulls proves their force after this, much needed, overbought relief. Hopefully, I'll be able to load up cheaper but waiting for dips on this rocket has been a challenge and I don't think it's going to get better?
Don't bet the farm on this, it's just numbers on a distributed world wide secure ledger controlled by owners of the assets themselves.... humm...