CRYPTO CARNAGE!

 

It's been a rough week for crypto. BTC's crashed to a wretched just over 16k, ETH's down to a miserable 1.2k and everyone's beloved DOGE sits and wags its adorable tail at a mere 8 cents. Wipeout across the board. So what happened? Several things, not least the collapse of the ponzi laundromat FTX exchange. Here's a helpful infographic:

Word to the wise, don't put more in than you can afford to lose and while you're at it, think about getting tokens off of exchanges and into secure wallets. That said and for what little it's worth, I'm long crypto and see an opportunity to buy at bargain basement prices, but caveat emptor, buyer beware. Do you dare reach out and catch the falling knife?

Money on the monkey and twice as fast, eh?

Cheers,

LSP

Taking Care Of Business

 

It was one of those days when you drive around the country taking care of business. First stop, the good old Pick 'n Steal, aka "Shamrock Filling Station," via the Meth Shack. The shack's getting fixed up, kind of, by some entrepeneurial Mexicans. Good luck, boys.

Then the Itasca grain co-op, I like that place, followed by post offices, banks, a realtor and all of that. Productive unlike, say, our incredibly popular president's economic policy. Which is... what?

Moar tax, moar debt, but less energy independence because higher gas prices make us all richer, except that they don't. And while we're at it, let's offshore yet moar manufacturing as we open our borders to millions of unskilled migrants. At least that last part drives down wages. Good work, Millionaire Socialists.

If you're thinking this train's coming off the tracks, you might have a point and perhaps that's why people are piling into crypto. Get your cash out of the clutches of the Scylla and Charybdis of central banks and their partners in crime, our governments.

That in mind, Bitcoin's at an all time high, the Peoples' Currency, DOGE$, is testing 0.30 (c'mon pup, run!) and LRC (Loopring) is exploding on rumors of a GME (Gamestop) partnership. No kidding, that token's up >1000% ytd and doubled in value in the last day. I tell you, it's the wild west out there and fortunes are being made and lost as we speak. 

Here at the Compound we're pleased with everyone's fave and original Shiba and jaw-dropped at LRC's surge, wish Blue had hit the buy button with his paw when it was .40. But still, can't complain, the annoyingly tech protocol, making for fast, cheap, secure DEX (decentralized exchange) transactions on ethereum is riding high at over 2 bucks a coin. Way to go.

Don't invest more than you can  afford to lose, kids. Biden Admin, take note.

Your Pal,

LSP

RIP Mr. McAfee

 

The infamous, yacht sailing, run from the Feds, multimillionaire tech libertarian is dead, suicided today in a Spanish prison cell following a court approving his extradition to the US for tax fraud. 

Did McAfee kill himself en lieu of spending the rest of his life in solitary supermax? Or did someone reach out and end him, Epstein style? Who knows, but the onetime tech mogul is famously on record saying he would kill himself. He even got a tattoo to prove it:

So what's the deal. Did McAfee owe too much cash to the wrong people or did he have damning evidence that'd come out in a US trial, "discovery," or both? For that matter, who else is involved, the Epstein Island flight list, the Clintons themselves? Surely not our intel agencies, that'd be unthinkable.

Hey, I don't know, being a humble serf of the New World Order, but isn't this the second suicide in so many months? Maybe you remember the guy who reported on Loretta Lynch's  meeting with Kill Clinton on the tarmac. Oops. Time to die. Go against our beneficent Millionaire Socialist rulers at your peril. 

Such Utter Racism

As we ponder this timely message, spare a thought and a prayer for John McAfee. OK, he helped author an annoying software program but made up for it by sailing around the world,  and defying it and its masters. 

I like that. He boosted the Peoples Currency too, and I like that as well.

God bless,

LSP

A Sign

 

There, right there in front of me was a sign. What did it mean, was it good or bad? The TLA (Three Letter Acronym) was obviously good, but what about the numerics? Good question, and I offered one up to the Archangel, defende nos, as I drove to Made-in-China-Mart.

Where, lo and behold, was yet another valu-pak of 12 gauge for the bizarrely low cost of twenty bucks. Buy. And hold. Here's another sign.

In related news, the Peoples Currency bounded up from its recent clubbing and's fighting in the .50s. Not shabby by anyone's standards, but let's see a breakout to the swinging .60s and beyond.

Your Pal,

LSP

Grand Hotel

 

Tonight we dine at Hotel Ritz. Quite. 

Shiba, this Lambo's not about to buy itself. In the meanwhile, don't be scared, just hold and think of the power of mimetic value.

Your Old Fiduciary Friend,

LSP

Gone Fishing

 

A beautiful, balmy, spring day in Texas. So what to do? Go fishing, and that's exactly what happened. I drove off to Soldiers' Bluff on Lake Whitney and cast out into the depths. Would the piscine adversary bite?

Hard to tell, the climate's been strange lately, thanks to its Czar, Wooden Top, and this confuses the fish, so anything was possible. To be honest, I wasn't expecting much. But what am I saying? How much more do you want than an early afternoon under the free Texan sky?

As it was, I caught a drum and a couple of perch. Not bad, and all good action on a light rod. Then it was back to the Compound to recoup before jukebox action and tracking the Shiba on various charts. Stay tuned and regardless, a good day.

Fish on,

LSP

Such Utter Disaster

 

Utter disaster. Try putting your handheld computing device on the hood of the rig and cleverly driving away, forgetting about the miracle of technology resting on the bonnet. Thirty minutes later, by the Lake and Stations of the Cross, you ask yourself, where's the dam phone?

It was lying, smashed, in the middle of a crossroads near the Compound, and I picked it up after a devil in the detail drive home. There you are, fella, welcome back. But the mini computer was irretrievably busted and smashed, so I went to T Mobile for a replacement.

The TM persynn asked me what I wanted to buy, and I figured a brand new, up to the minute Samsung phone. Time to upgrade and spend some money. Salesguy sensibly said no, save your money, get the same thing without the brand at way less cost. In fact, why not buy my old phone?

What? How much? 200 bucks, same phone we're selling for 400. Yours, for cash. I couldn't say no to an obvious deal. But had to ask, "Don't you lose on commission, I mean, you just lost a sale." He replied, "We only get 5 dollars a sale, so so what. I hate corporate, in fact, I want to join the Army, get into IT." We talked about that, and phones.

Your Pal,

LSP

Tombstone DOGE$

What can we say, win some, lose some. That in mind, the Peoples Crypto's soaring into .06land. Well done, pup. 

Will the playful Shiba hit MOON? Let's wait and see and remember, the market's a way of transferring money from the impatient to the patient.

Your Fiduciary Pal,

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