It's official - THE BANKS ARE SCARED !

We have warned you many times that the news media stories about the risks of bitcoin and cryptocurrencies were actually fraudulent, over blown, and fake to scare YOU from investing in those assets. Even the price manipulation the bankers instigated was designed to scare you away from crypto assets. Now, the truth is coming out. Just yesterday, both JP Morgan Chase and Bank of America said in their annual reports that cryptocurrencies were a direct threat to their business and placed their business model at risk! Surprised? Now do you see why they want you to stay with them. They don't care about you, it's all about them. Their false warnings about cryptocurrencies were not public service announcements, they were fear mongering. Period. Yes, the bankers are sneaky bastards!

 Recently, Goldman Sachs, via their subsidiary Circle, is buying Poloniex which is a cryptocurrency exchange. And good old Jamie Dimon's company, JP Morgan Chase is in the process of buying Coinbase, another popular cryptocurrency exchange. If bitcoin and cryptocurrencies are such frauds or risky businesses or assets, then WHY are the bankers buying into this asset class? Put another way, the bankers are selling YOU bullshit, while they are buying cryptocurrencies! That is the ultimate arbitrage!

 The world is changing and those changes are not temporary. Cryptocurrencies are here to stay, and you can't afford not to start moving your wealth into this asset class. Bankers rarely lose money, they prefer "sure things"! You need to do the same thing.  Everything you need to get started is on this blog. We have shown you our favorite coins, but let's add Bitcoin Cash and NEO to our list of good long term crypto investments. Another long term hold (longer than 2 years) is ThetaToken, it is designed to replace YouTube. Buy this one, and tuck it away for a happy retirement. 

 If the banks are starting to scramble to get into cryptocurrencies, maybe you better start scrambling too.  Again, you folks with IRAs and 401Ks will be the hardest hit, so start moving assets into cryptocurrencies before the market collapse hits.

So, how good was the stock market today? Surprise, just as we expected, ANOTHER DOWN DAY!  It looks like the PPT  has finally run out of money. Now, we get to go ugly early! Look at that chart. It may be my imagination, but I think those red candlesticks going down are much BIGGER than those white candlesticks going up! Rut row, that's not a good sign! 

YEP, definitely bad! AGAIN, we closed BELOW the 50 day moving average AND the Trend line. So, expect more of the same...... a lot more of the same!




Comments

Post a Comment

Popular posts from this blog

How to Profit from Cryptocurrencies

The dramatic explosion in cryptocurrency investment is going to be with us for a while. Early adopters and investors will make fortunes. New digital currencies are being created daily by private entities and governments all over the world. This blog is your one-stop shop to get started in this exciting and rewarding event. Everything you will need to get started is contained within these posts and pages, so spend an afternoon and read through this entire blog. It will save you time and effort. We have provided what we refer to as " members of our preferred portfolio ."  These members are cryptocurrencies that should be in your investment portfolio. These are preferred cryptocurrencies that we hold and which we strongly recommend to our friends and family. At this moment, we PREFER Bitcoin, Ethereum, Electroneum, and Monero . We own and mine these coins; and, we consider them "long term" holds. As we find new cryptocurrencies in which we invest, we will share tha
Read more

WE WARNED YOU YESTERDAY! Now, it's time to LOOK OUT BELOW

Image
Yesterday, we warned that a market collapse could come on Friday (TODAY). Well, indeed, something went seriously wrong on the Toronto Exchange which could have easily spread like cancer throughout the western markets bringing everything down in a panic!  Read this article, NOTICE HOW VAGUE THE PROBLEM IS DESCRIBED, actually NO explanation at all! Now, IF you THINK this was an odd coincidence, you deserve to loose your assets! The warning signs are everywhere. And, the rigging of cryptocurrencies by Wall Street is self-serving to give these corrupt bankers a lifeboat while they let everyone else drown in this disaster! If you're NOT invested in cryptocurrencies, you WILL regret it very soon. The handwriting is clearly on the wall. Now, LOOK at this DJIA chart.... That's NOT a good picture! The US dollar was DOWN today against the Mexican peso, Japanese Yen, British Pound, Chinese Yuan, Canadian Dollar, Korean Won, Indian Rupee, and Eurodollar! PAY ATTENTION!  This cou
Read more

The signs are everywhere! Get ready!

Image
Well well well, clearly NOBODY wants to be holding ANY long positions over the weekend! Not stocks! Not commodities! Not bonds! I wonder what's going on? Hmmmm, let me think, could it be the dreaded down turn we've warned about?  Could be, just take a look at these charts.... Rut row, we broke the 50 day average AND 8 day EMA! And look at that volume, a little spike there?  And the NASDAQ? Rut row, kinda looks like the same thing! How about that S&P 500 chart? Same thing there!!  Look out for next week. A big drop is coming soon! Are you ready?? The cryptocurrencies are looking stronger and stronger. Ya better have your house in order! Again, now would be a good time to get your investment arsenal ready for action! Check out CryptoSuite! Tick tock tick tock..... Eli's coming!!
Read more