February 11, 2022

BACK IN HE SADDLE AGAIN

WIth BitCoin having past the $45,000 threshold again, I thought we had arrived. When I say “thought,” I am referring to an ideation that we were now going to splendidly rise again. I regard these kind of thoughts as somewhat dangerous- and I  have made multiple mistakes in believing that I was back in the saddle again... and the horse was moving forward.

Right now we are at 43,38.67. I noticed that one of the lyrics above were “Back in the Saddle Again- toting my old 44.” Well in a few minutes my crypto read-out may indicate that we BitCoiners are again toting our familiar $44000+ (often pieces thereof). But I would prefer a higher priced saddle..

Ben Armstrong (BitBoy) is one of the most ambitious and intelligent Crypto YouTubers.

Ben actually has created a Crypto YouTube Empire. You would almost think with all his various YouTubes and an enormous following, it would go to his head. But having observed him before he became so severely successful and after a number of challenges we all face, I have decided that his conscience is intact and he deserves to be listened to. What follows on the top of this blog is a very important message he has for Crypto investors. Worth watching even if you are too busy for anything else.

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In fact, being new to Crypto, I first heard of Nicholas Merten at Data Dash through BitBoy. And here he discusses the fascinating news that the Department of Justice  has recovered. A lot of people in Cryptoland are amazed at the nature of the  people who have been indicted.

In the following video, starting at about 7:08 in the discussion,  George points out how Russia used to be very anti-crypto in a way that was very similar to China’s recent stance. There was even talk about them kicking out the miners. But then- suddenly- and it is hard to register the quality of surprise and speed of this movement, the Russian government along with their Central Bank decided they should LEGALIZE crypto, much like El Salvador- but astronomically bigger in its implications. I am not a particular fan of Putin- as I am not a fan of most government leaders in these times- but he has a quality of intelligence and vision in certain areas, especially for an era when is country is always under attack by the West.  And, of course, Russia is always trying to escape the stranglehold of the American dollar.  And the fact is- Crypto was developed to deal with the same problem. The only supply chain that does not seem to be broken seems to be the endless supply of dollars created by our Central Bank which discovered how to inoculate our economy from any danger by forgetting about the old school ideas of watching out for out-of-control deficits.

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