Robinhood never ceases to amaze me how they continue to fleece the shit out of their customers.

Obviously preparing for another crazy bull run where they can then lock out the bagholders from selling...

Yes, but why? Why do they have a monopoly at all?

With all the chip making capacity in the world, especially in places like Taiwan, and cheap labor worldwide, there should be hundreds of Bitmain competitors by now.

Doesn't compute with me.

Enlighten me.

You're not wrong, but keep in mind that the Fed was cutting rates continuously for almost 12 months prior to the big Financial Crisis crash in 2008.

So that could (and mostly likely will) happen again.

They've been artificially propping up the world economy until the presidential elections are over.

GrEaTeST AnD BeSTeSt EConOmy EvAR !!! We ARe NoT iN A dEpREssIoN !!!      

Good lord, aren't you guys getting a bit tired of the all the SFC-driven-kick-ass-female-protag-but-weighs-all-of-90-pounds-soaking-wet led movies yet?

I got tired of those about 7 years ago.

My wife won't even watch them anymore, can't stand the never ending pandering.

Promise of what, exactly?

Pure nonsense.

There is no more "policy" around Bitcoin that is needed nor required.

The idea that more "policy" marks the beginning of some kind of adoption is equally laughably stupid. Adoption has been with us for a very long time now.

I don't disagree with anything you stated.

But...one thing people don't realize, is that the Fed/Treasury is no longer in the business of printing cheap money for the benefit and investment of the U.S. and it's citizens, or any other established country for that matter.

That time is loooong passed.

They now print money (trillions of $$$) purely for foreign investment and capital expansion. Bush Jr. used to call it "nation building". Whatever, it is is simply injecting huge capital into a foreign country whose middle class is finally on it's way up and up, with the hope of getting major returns on investment (and swindling all the Average Joes out of their hard-earned savings in the process).

It's the world's biggest grift.

The last one was China, but now that has run its course and has imploded. Spectacularly.

This is why everything sux right now, and the Fed had to raise rates.

They are currently in between stages of planning and investment, but still have a LOT of excess money lying around doing fuck all. Which is why you see all the interim churn, and mega free money subsidies (aka ESG/DEI/Woke agenda) going to Hollywood and media rn. And to Tech startups with shit ideas that will go nowhere. And also propping up the banks.

India will be the next country to receive mega $$$$ injection, mark my words. It'll be like China was 10-15 years ago, but with India instead.

That is when you will see Fed rates fall again. They will then be off to the races.

Over the last decade, this market has become all too predictable.

The whales now are gunning for sub 50K, and they will eventually crash it down below that.

Why sub 50K?

Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.

They always short it back down to where they started. Dumping into their own (fake) buy walls.

It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.

Easy problem to solve tho, just HODL.

OT:

Oh gee lookie, another simmering Summer of Love in the U.S. just in time for a highly contentious election year.

What. A. Complete. Shocker.  /s  

When are people going to stop getting played? Oh yeah, that's right, never.  

Wouldn't be shocked at all to see a huge red candle down on halving day.

They've been front running the halving since December in anticipation.

So is this about the time that the MSM tells the Average Joe public that the halving was a big nothing burger?

That the Spot ETFs were a big nothing burger?

That none of us should have invested more than $1000 into Bitcoin?

That Bitcoin is just a pipe dream investment scam?

Yeah, same shit, different year.    

Ya know what one of the biggest kickers of this whole thing is?


Wow, top Standford Law profs, and they couldn't advise their son on how to stay out of fucking jail by avoiding massive financial fraud.  

I mean, who was the CLO on his payroll? Daffy Duck?

This whole thing reeks.

Lol, what a fkn joke.

The establishment propped this guy up, gave him oodles of cash, and gave him all the rope in the world to hang himself.

And he did. Just like they knew he would.

What better way to produce the "rug pull" future event, than to allow it to create itself?

Then when it all collapses, they can swoop in and clean it all up, all nice and tidy, and then send the signal to the normies that "It's all clear to invest now. No worries. This kind of thing won't happen again in the future."

Sure it won't.    

Now that we've made a new ATH, let's all take a moment to...bash on Jim Cramer (again) about bitcoin.

Because I just love to bash on that fkn idiot.

Anyhoo, back around 2022, I distinctly remember watching a CNBC video with ol' Jimbo when Bitcoin was at the last bottom.

The interviewer asked Cramer when he thought Bitcoin would make a new ATH.

His answer? "Oh, at least another decade..if not more. Let's just say a really loooong time from now."

Fuck. That. Guy.  

Just a PSA reminder to never, ever listen to the MSM talking heads wrt the Bitcoin market.

Gotta love the "modern world's" version of the performance review:

Where your manager has no fucking clue what you did all year or how hard you actually worked, and doesn't really care. So they now make you "performance review" yourself. FFS.

And whether you give yourself high marks or not, they literally could give a shit either way.

You'll get (or not get) exactly what they had already decided months back at the C-level meeting. The "performance review" just being a formality to placate the plebs.

That may be true, but in my entire life I've never met a pothead who didn't also drink. At the same time.

That's why when this supposed truism comes up of "marijuana is safer than alcohol" I always chuckle to myself and think, "How would you know?"

You forgot Dune: Part 1