Crypto, Through The Tulips, RV
It’s time to move to a fresh thread. Barring any new updates or releases from the official White Hat blog, this thread will remain until the end of the year. All previous threads are still available for reading by accessing the archives.
By now it is no surprise that a rather quiet posture has set in from our sources. Between reports of Elders sojourning in London, and being told that RV specifics are not possible, one can only surmise that the progress is of a forward nature. In the past, progress of a backwards nature was always quick to be released and outlined in no uncertain terms. Despite many weeks passing since the silence has started, no “slipping” has been reported so far. I will leave it to you to determine just what “silence” can possibly mean at this time.
We never started out to be a crypto blog, but many of you are taking more of an interest in this new space and the desire to obtain transformational gains is certainly understood. Given the ongoing RV delays and uncertainty about the final numbers, the needs are certainly understandable. I have done what I could to impart simple rules to keep you safe while positioning yourself for possible future gains. Many have shared their experiences with me, and I am happy to report that almost all of those who have, did great jobs in being disciplined, safe and prudent in their approach.
As I mentioned previously in the last thread, my main anxiety now is that of timing. While an RV is not needed for one to experience a potential windfall from expected crypto value increases, it certainly would be optimum if additional capital could be safely committed before institutional funds are unleashed into the crypto world. We can only hope that fair winds, and the silence from the top, will augur well for events to happen sooner rather than later.
For now, “news risk” will be impacting on crypto prices due to relative thin liquidity and the naivety and unsophisticated nature of most who hold BTC at this time. Don’t let such shake you loose. In advance of what we know is on the horizon, it is at this time that you must hold on. All manner of jabberwoky will be hurled at you in an effort to make you give up. You should easily repel such urges by safe position sizes. If you find yourself chewing your knuckles when prices go against you, then you probably put in too much in relation to your bankroll, and are now going to doubt yourself. When doubt creeps in, wealth creeps out.
When it comes to speculation of this kind, I have seen people driven to hysterical frenzies resembling rapid-fire schizophrenia intermixed with near uncontrollable urges to crap into their hands and rub it in their hair, just because they heard one financial analyst say one thing, then another one says something different. They don’t know how to maintain a stable position. As a result, they buy and sell themselves into a vat of buttermilk as they chase one opinion after another. Such is the price to pay for letting “news” run your decision. We have seen major institutions bash BTC mercilessly with one hand, and then turn around with the other hand and buy it. Major players like Soros have also been caught doing this. Your antidote against such slimeballs is just to take your position and hold. Otherwise, you are just placing your ship into the hands of a gorilla with ADD.
Binance made more money than Deutsche Bank last year. But no, that’s conveniently ignored because, after all, crypto is a scam. They say BTC is doomed because the electricity used to validate the transactions will exceed that used by Japan in a year. But they forget to tell you that current banking infrastructure already uses 3 times the annual electrical usage of Japan. Godzilla is a bigger threat than crypto is. This is the kind of rhetoric you will encounter in a concerted effort to give up. If you do, someone will come along and buy what you sell – most likely the same interests who convinced you to give up.
If there is truly any value in what you are holding, then time will prove it. Not the opinions of others. There is only one way to find out. Commit to a course of action and don’t vary from it.
The monopoly of money creation and transmission is being challenged by distributed ledger technology. True, the powers that be are also interested, but they will have to share that plateau now, and not be able to exclusively dominate the wire systems where they could take as they saw fit without the ability for others to see it so clearly. Multiple well financed and quality DLT platforms are now coming on line, some completely impenetrable, offering commoners to operate as if a fully equipped bank with the ability to transfer value from point to point, in privacy. This ability, and not straw man, sovereign citizen, UCC, or other regressive legal blather issued by cloistered, self-anointed saviors with cult status at best, will force the changes that so many want to see. The ability to compete equally based on a great technological equalizer will be the key, in my opinion. This will create a whole new angle and fresh plan of attack that few saw coming.
WHA has pretty much accomplished what I wanted with it – introducing people who had an interest in the RV to the right sources for accurate information, and to expose RV/GCR parvenus for what they largely were – overnight shape-shifting opportunists who found a warm pliant market for their income spiel du jour.
From now until the end of 2018 we will patiently await events to run their natural course, and will do what we can to convey news and information as needed. In January we will reassess the lay of the land. If paper exits have occurred by then, closing this particular effort will most likely be the wisest course of action.
It has been a wild ride. So, let’s prepare for all possible outcomes. Thank you for your readership and your participation. I sincerely hope 2018 will see some long awaited releases finally accomplished. Those who have devoted time and effort in advance of such, certainly deserve it.
There is one kind of robber whom the law does not strike at, and who steals what is most precious to men: time. – Napoleon Bonaparte