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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST
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To: TobagoJack who wrote (167423)1/21/2021 3:16:40 PM
From: carranza2  Read Replies (1) of 217842
 
Will be very careful in any further BTC-related adventures. Trust you will, too.

My RIOT call LEAPs originally hugely out-of-the-money became hugely in-the-money in about six weeks. That was enough for me. Ditto GBTC (but not quite as much).

My spider sense says anything BTC-related has to be very gingerly handled (well, duh). There has been at least one major draw-down and another likely on the way. Will it have another moon shot after that kind of volatility? I'm not convinced.

Madame Yellen as well as the IMF not to mention the ECB sharpening their knives does not bode well. The rush to regulate, a function of the exercise of power, will be clothed for the masses with good political intentions, i.e., precluding the bad guys from using BTC for nefarious purposes. Maybe, to some degree, but not having BTC in the past coupled with all kinds of monetary controls hasn't done anything to preclude criminal behavior. So, to me, the assault on BTC will in reality be a means to keep sovereign currencies out of the line of fire that BTC represents.

I feel like the swami who ran across a bed of hot coals and did not get his feet burned off. Not sure I want to take that journey again.

Unless, of course, circumstances change.
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