Happy New Year!
I hope your holiday celebrations were pleasant and refreshing.
WHA is now in its 5th year. I think it is only fair to discuss future plans. This is not an easy task since we cannot predict the watched-for outcomes with a high degree of reliability or certainty. So, the future course will be subject to alterations based on results, or lack of. Information of late points to the first quarter of 2019 for some possible commencement.
The most probable events to transpire first, will, of course, be the legitimate, large private groups. The sovereigns, military, big dogs, etc., are first in line and we can only guess as to what will be the end result for the public, if anything is left for such a distribution to take place. Zimbabwe dollars are reportedly dead forever, having been advised that it’s a hopeless case to ever see a public speculative return from such. Dinars are still a troubled bundle of overprinted, war-torn paper, of which the ultimate outcome is still far from confirmed. The dong is considered the most stable, is internationally traded and recognized, and may offer some speculative returns. But, the realities of the Vietnamese economic processes are said to offer significant barriers to an easy, carefree cash-out.
It is not surprising that the clear advantage in all this business is with the top tiers, military, sovereigns, legitimate groups, and it will be from the top down, and not the bottom up, that any economic largess might be distributed through the system and perhaps ultimately reach the street. This could be in many forms, such as infrastructure projects, job programs, investment, etc. It’s final form remains unclear. Equally unclear is a blueprint for solid public RV exchanges. Even at this late date, we are told the banks have made no plans for such a thing. Contrast this to the almost constant reminder from dinar talk show hosts that the banks are “ready”, and that call centers are “manned”.
Of course, the principal driver of those who hold currencies is to profit from them. Few are concerned with the “how”. They just want to know “when” and “how much”. Set against this is the reported total lack of desire for anyone in banking to ensure you have even a slim chance at RV speculation. Given that banking cartels are demonstrably uninterested in human well-being, this should not be a surprise among RV devotees. Yet, notwithstanding the above, we have not been given a complete death sentence for possible public speculative success. Maddening – truly maddening.
At present, that’s how it looks, based on all we have learned from those who sit high enough to see it, and have been generous enough to share such information with our readers.
So, what now? All we can do is watch and wait. But, be prepared for either case, be it a pre-warning to get ready for a possible public exit, or a let-down. Currency speculation is a very tough road, and too many promoters and money grubbing bloggers have tried to paint it into a pink fuzzy cosmic fantasy of easy, endless cash on the horizon. Sadder still, far too many people are buying into such things.
This leads us to some plans for the future.
Until it is firmly called off, we will stay on station to assist for any public pre-RV notifications as needed. If the process starts, in whatever fashion, we will remain available to do whatever is asked in the way of helping. We may not be asked to help. I don’t know for sure. At that point, if an RV/funds release has transpired, and we are not tasked, then WHA will close, or transform; it’s purpose fulfilled in one way, with another purpose to possibly be determined.
If the private groups are successfully transacted, those of whom are interested may wish to use WHA as a gathering place for administering beneficial efforts for those who could not, or won’t, directly benefit from either private or public exchanges. In this day and age, one cannot splash significant money around to whomever they wish without some possible repercussions if the receiving parties are somehow questionable in the eyes of the law. So, this type of thing may be in coordination with OWoN or whoever in an official capacity asks us to help and be lawfully cleared to do so. We will have to wait and see.
While we are not a crypto blog, there is certainly interest here to hedge against possible failed RV speculative gains. This is understandable. We cannot cover all possible methods, approaches or disciplines to this entire industry from end to end, and all of you are free to do your own research and share your ideas and beliefs. I have shared how I personally approach this industry, with an eye on the long term opportunities, and not quick, short term chart trade speculations. You may approach it as you wish, but experience has taught me that in new sectors, and especially in commodities, such as cryptos are considered, the long term plan is where the transformational wealth is most easily made. To that end, let’s discuss the current scene, and the many roadblocks, minefields, hobgobblins, demented wood sprites, and personal demons that will be cast before you, should you decide to take a stake in this new space in search of transformational wealth to enable you to be of greater service to your fellow man.
The over 80% retreat from the highs of January 2018 are now offering you unparalleled value for entry of your spare, risk dollars into sound tokens with good management and ideas that solve critical needs. Also, it offers excellent chances to dollar cost average your older positions, to potentially magnify your future gains once prices reverse.
Remember that the key components to participating in this kind of highly speculative market, is position size and risk management. Risk capital, is just that – money you can risk. Uniform position sizing is also important. Equal amounts in each idea – balance. This approach will keep you calm under the bodhi tree while those who bet the farm and got caught in draw-downs that deprived them of needed funds are spending inordinate amounts of time in the WC conducting a symphony in B flatulence. Up, down, sideways – the market action at this juncture is not of concern to the person who entered safely. The wild ride is just that – a ride. It will have an ending, and we are far from that ending at this point. It will either end in a crash and disappearance of your funds, or a screaming ride upwards into the stratosphere with incredible gains. Prices won’t stay the same forever in front of increasing demand, adoption and innovation. And I doubt the best ideas will crash to 0 in the face of such, either.
This ride to lower prices is designed to make you want to get off, to give up and shake you loose from the coaster. Others will step in and take your seat; the strong taking from the weak. It’s your decision to partake. Be responsible in your approach, and let the entire industry work its way forward. We cannot possibly outline all the reasons to expect considerable increases in future value, but the limited supply vs. the expected demand of BTC alone will probably propel its value past last year’s highs. This will affect alt coins as well, with Wall St greed contributing to that effort. Major players like Fidelity, TD Ameritrade, Citigroup, ICE, CBOE, Goldmans, Coinbase are all developing BTC products, notwithstanding anything you hear to the contrary. They are sitting on client lists which number into the hundreds of millions, and they are signaling interest in increasing rates. Then there is BAKKT, operated by the owners of the NYSE and their plans to offer the first-ever institutional BTC settled market in 2019.
All this is being overshadowed by panic selling, which presently stems from SEC actions against ICOs which now have to refund, defend and deal with enforcement actions against them, and they are raising cash for this by selling their positions. There are other reasons, but let’s not get too deeply into things we can’t control. It’s all part of the game to get you to fear and dump, rather than look coherently at the potential numbers of players coming into this space via institutional platforms, which shows no signs of abating so far. Think like a Wall St player. Would they be giving up with such potential staggering profits to be had? Not a chance. They have been quietly buying in large volumes, in a market that ultimately has an extremely limited supply. To do this, and to shake both supply and prices loose from weak hands has necessitated some extreme market manipulation and fear mongering. Your defense is to buy smartly within your safe limits and sit quietly in the knowledge that you won’t let their Jedi mind tricks work on you.
So, for those of you who are holding crypto positions, good luck, and let’s see what some patience will bring within the next few years. Your mission, should you choose to accept it, is to risk rather small amounts to potentially win big, or risk nothing to gain nothing.
As an adjunct to future plans, a while back I mentioned that I had met with some key players in the world of creatively using credit to leverage into wealth. This association continues, and more doors are opening. I did not engage this process for my own benefit, since I really didn’t need it. I did so to explore a viable and quality pathway to offer any interested and qualified readers the chance to improve their lot in lieu of a possible public RV failure. I am happy to report that, so far, all is proceeding well, and the parties with whom I am interacting are proving to be of complete honesty and integrity. When I am in possession of the required final results, I will possibly organize a way to lead others through to benefit as well.
I cannot go into all the details at this time. This process, if undertaken, will not be solely to line my pockets by front-end commission loading, and then casting you to your fate in untested waters. Oh no. I would cut my liver out with a dull knife, and eat it, before I turned this blog into a shameless bordello of pecuniary opportunism, where only I can benefit from something easily sold, but impracticably applied after the fact. That won’t happen.
My work on this continues. More later.
Thank you all for your readership in 2018. Let’s see what 2019 brings. We will continue to watch for news and updates and bring them to you here as they occur. Be safe, and as always, plan and be ready for anything.