Hedge Fund?

 

Some call it a joke, others an investment with a 2021 yoy return of what, >5000%. But is the attractive $DOGE a hedge or just stuck in a hedge?

Maybe both, but it's hard to hate the world's most adorable crypto.

Perhaps that's why the popular Shiba Inu faced digicoin didn't sink to oblivion since May but held at the 20 cent mark and's starting to climb, again. Let's see 30 and beyond. Run, pup, run.

Selling? Not an option. Do you remember when BTC wasn't going anywhere? I rest my case.

Hodl,

LSP

Hackerz?

 

Today's news cycle moves with all the slapstick, comedic speed of the Keystone Kops on meth, so you may have forgotten the infamous Colonial Pipeline hack, back in May.

This involved a sinister cyber gang called Barkside Darkside which took down America's largest oil pipeline in a ransomware attack. Pay us around 5 million bucks in Bitcoin, said the cryptic crims, and you get your pipeline back.

Sure enough, Colonial coughed up the crypto, and before you could say SPECTRE and CHAOS, this essential bit of American infrastructure was back up and running. Thank God for that, and yet another instance of those dastardly Kremlins messing with our great democracy. 

Thank God our patriotic sleuths in the FBI were on the case and wasted no time recovering the bulk of the missing millions. Sorry, Putin, foiled again. But how did these latter day Sherlocks get the cash? Easy, they followed the money, which was publicly traceable to an online wallet on a server in California. Hey, fire up your laptop, find the transaction, the wallet address, and boom, go to court and get that cash. Which is what they did.

So. Are we really supposed to believe that Cyber Spetsnaz are so laughably stupid as to store their ill-gotten digital currency in an online wallet, in America? You know, when they could've spent $50 for its offline hardware equivalent? Who knows, maybe Russian hackerz are incredibly, ridiculously stupid.

Speaking of which, it seems Colonial's cyber security was pathetically rubbish. Who knows, maybe some 13 year olds broke in for a larf. Possible. Then again, perhaps we're looking at an equally rubbish false flag, or simply useless pipeline tech, which bodes ill for the future. Or, surely not, USGOV feels threatened by BTC because, you know, USD$ is so totally sound.

Check out Zero for the lighthearted story.

Cheerz,

LSP

Big Crypto Clubbed Small Dog Barks Loud

 

Big Crypto, aka BTC and ETH took a clubbing last night, but not so much $DOGE, the world's popular and affordable electronic currency. That's only rising, and then some. Here's Zero on the reason for the furry little fella soaring into orbit:

 

But, while the major coins are suffering, the retail-frenzied 'GameStop effect' now seems to be spilling over to digital assets like Dogecoin and Ripple through r/Wallstreetbets’ crypto wing, r/Satoshistreetbets. Jay Hao, CEO of crypto exchange OKEx, told Cointelegraph that there is a deeper cause driving this current phenomenon:

“There is a great sense of injustice about some of the opaque practices of Wall Street and the unfair distribution of wealth. I believe that more and more of society is beginning to wake up to this fact particularly with the K-shape recovery that we are seeing in which high-net-worth individuals have increased their wealth during the pandemic. With more platforms allowing retail investors direct access to invest in equities, we are seeing a democratization of the investment space and more power in the hands of the people.”

Ben Zhou, CEO of cryptocurrency exchange Bybit, told Cointelegraph:

“The recent feats of r/wallstreetbets have made social media and Reddit users realize how powerful a force a decentralized online community can be when they put their mind to it. The ongoing legal troubles of XRP’s parent company Ripple Labs have rinsed out much of the shorts and made the gambit easier to execute, while the jocular nature of DOGE means it’s likable and easy to root for — thus in both cases there was not an immediate selling power to counter the pump.”

And combined with Elon Musk's recent "meme"-ing efforts, that has sent DogeCoin ripping higher...

Higher? Better believe it, with $DOGE hedgefighting against sell resistance in the .070s. My prediction, not that it's worth anything because I'm not a financial advisor and lost all my guns in a boating accident, is that this puppy's set  to run and play. It's left the runway and starting to fly. Moving on?

Buy dips, hold. Don't sell. That's the spirit of the age.

Your Friend,

LSP