Be wary of the Bitcoin spot ETF

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Yes, as we all get excited about this one, most of us in this sphere know that institutional money is coming into the cryptosphere in a BIG way. Like in a massive way. This is money in here like we've never seen before. All sorts of shitcoins and crapcoins are going to be making gains in this bull market.

I kid you not, if you were to take a photo of your mum sleeping and were to call it mum sleeping nft and shilled it to the right people this year then you'd be a millionaire.

Things are about to get insane.. no, I mean really insane. Think deciding whether to choose a Porsche or a Lambo for yourself next year when the time comes.

But with the insanity will also come off a drop like no other. If you think last years race to the bottom was nothing short of a bloodbath you probably haven't seen anything yet. There's always a fall guy of course when smart money exits the building. In 2018 it was Bitconnect and in 2022 it was good old Sam from FTX. Of course rightfully so though, both were running horrific scams.

So make sure you cash out when you need to because I think some of us are going to get so lost in the euphoric gains that they are going to forget they even have a family. Ahem. Haha.

Anyway.

Just remember that smart money isn't your friend. It's not there to pump your bags, and its definitely not there to make you rich. Be careful of it, and be very wary of it. The big boys are about to start playing in our sector and that's when a lot of us are going to learn a lot about very very smart money.

Also, don't think for one moment that the Oligarchs, Royalty and whatnot are coming into this sphere with their tails between their legs thinking, well, if you can't beat them, we may as well join them, because it's not that at all. These guys are the damage limiters. Left unchecked who knows what we could do with crypto.

You see next year your friendly bank will be asking mum if she wants to add Bitcoin to her portfolio. Your cashier will also probably ask you if you want to pay with Bitcoin through your friendly bank, and with a big smile you will probably say yes.

It's finally happened, it's finally here.

But you see, what is going to happen is that if your mum says something that our overlords don't like on the Internet, well, suddenly mum can't access her Bitcoin anymore. Or God help us, but imagine if mum got caught doing something unlikable on CCTV and suddenly the banks deducts some Bitcoin from her account as a penalty.

This is the way we are moving as a western society. I kid you not. I also think this is why no-one learns about the dangers of extremism in school, and in some cases, they teach it. So by the banks being able to let grandma invest in Bitcoin, it's not because they are friendly, it's because they want to maintain control.

Supreme control is all they want I kid you not. All of this is just smoke and mirrors to be a) large percentage holders, and b) control the flow - that way none of us silly people get ideas and go and research it for ourselves.

I even wonder if they are going to classify crypto not bought through blackrock or some shit as "dirty laundry money" - you know how crazy these guys can be.

So, by all means, get rich from the craziness that is coming. But Jesus don't transact with your bank. Do it in fiat currency only!!

You have been warned :)



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(Edited)

Completely agree with you here man! I also know that we need to be extremely wary of “convenience” because that’s how they get you. “Just download this app” and then this one and then that one. Before long every single thing you do, say or go is monitored more than it is now. I was asked to download some company’s app the other day to access some stupid shit. I said no thanks, and the lady looked at me like I was a crazy person and said it’s best if you use the app. I said absolutely not, you don’t seem to be aware that apps have full access to your phone and I don’t trust your company with that, don’t try to convince me of your app. She was flabbergasted lol. Fuck it, we need to fight back for our privacy!

Do you have any coins you are keeping an eye on for the craziness? I’m going to get some additional Doge and Shiba Inu myself hoping to score a little bit with those but open to others!

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This is why I don't use mobile phones much. Convenience and safety is the killer. We're moving towards a coddled society and there's definitely a reason for that!

I have a few but I'm being guarded this year because last time people followed me and lost money. I'd rather not do that again :)

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I just hope people haven't completely lost their ability to think critically and actually do their own research... instead of just piling on because "everyone else is."

I find it wise to not only be careful, but to spread your "stash" around in little deposits here and there, none of which are significant enough to attract attention.

=^..^=

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Yes, I worry about that. Getting a big stack of crypto is when the government start looking lol.

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I am afraid that BTC growth in 2024 will be small, only up to $50,000.

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I disagree :)

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And if HIVE does not exceed the $1 price in this bullish cycle. There is a high probability that in the next bearish cycle HIVE will cost $0.10. I do not like it either.

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