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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (21014)	6/14/2018 3:30:16 PM
From: John Pitera	1 Recommendation Recommended By roguedolphin Read Replies (1) \| Respond to of 33421

Hi Don, I have done that at times in the past.... good advice.... but as you point out..... some of my posts are actually chapters of a book..... think of the Market Wizard books especially the 1st 2 and they are 10 page... some 15.... some only 2...... I know you have at time requested tweets........ so many People don't have the ability to sit down and read a book these days and especialy out Gen Z'ers and even Millenials.... don't have the ability..... I am going to post a few very thoughtful and provocative youtube video's that discuss how the dangers of our social media world...... and on some additional positive cognative and reflective ways of absorbing our experiences in life... -------------------------------------------------------------------------------------- now on to a few of the Highlights....lowlights?? -g- from 6 months ago.............................. one of your posts on Bitcoin vs. the dot cot bubble was one of the ones that didn't make the cut. Here is yours from 11/29/17 Bitcoin Vs. Dot-Com Bubble: You Are Here Message 31371277 RichardRed from 11/29/ 17 Message 31372769 a Classic: Bitcoin Mania: Even Grandma Wants In on the Action The digital currency has gone from tech curiosity to mainstream topic, leading its value to jump more than 10-fold in 2017 Message 31372808 ------------------------------ Message 31374746 a post that my old friend and a mentor Arch "sam" Crawford posted on Linked IN that I posted on 12/01/17 also in this post here are the salient parts of my comments on the CME.. launching that was set for Dec 11th but then got pushed back to Dec 18th.... and voila...... the day of the top....... Message 31374746 ------------------------------------------------ Message 31374746 . He is Absolutely correct that we are at a Zenith of raw emotions ... a *bubbling cauldron of Emotional and* *Mass Psychological Vertigo that we rarely get to experience.* It's being brewed by this nanosecond 8 days a week 32/7 blizkrieg of information coming at us from every electrical device that has been created....and then there are the cycles that are not created by man... the bubbling cauldron brew -master... a vintage worth of a Master Alchemist Alchemy and alchemist are in fact older words than chemistry and chemist in English. ... The long route to English for alchemist began with the Greek word chemeia, which probably came from the word chyma (“fluid”), derived from the verb chein, meaning “to pour.” With Bitcoin approaching extremely chaotic potential top of bubble swings / volatility and Not yet launched on the CME which will enable short positions with firm counter-parties to enter the picture the True Bitcoin.... and with all the Forks / split offs of Bitcoin will be difficult to determine.. is it possible that Bitcoin, which is not regulated by any global monetary authority never actually makes it to getting listed on any exchange? *The CME is talking of a Dec 11th launch,* however it's very murky. This is huge 85% of Bitcoin volume occurs on 1906 style buck shop futures exchanges of which there are so many that when I talk with my contacts and friends who are engaged in the subterfuge they go from bittex.com to bitmex.com to many other exchanges that are trading futures on BTC. Exchanges that are privately owned and whose bid ask spreads are huge and who's price data is readily manipulated. That then leads us to the 1265 other cryptocurrencies and Initial coin offerings that are again this grade D- financial alchemy by aggressive pool operators and manipulators. There is obviously a huge shake out coming there even if the CME gets a Bitcoin futures contract specs specified and then agreed upon and then actual CFTC regulated trading begins.. more than half of people who believe they own Bitcoin or parts of it will find out it was with a Bernie Madoff type firm. John.