BillHolter.com

Bill’s Commentary:

“If you bought the crash, you are already ahead… and look at the MACD at the bottom!”

Bill’s Commentary:

“Bet your ass it’s global!”

@KingKong9888

Apparently the Shanghai Gold Exchange (SGE) is seeing the #Gold shorts choosing to pay deferral fees instead of delivery physical #Gold.

I think the same is happening with physical #Silver.

The physical metals “shortage” is REAL. This time it is global.

Good luck LBMA. 🙃😅🙈🔥

Jeremiah Johnson

None of this is trading advice

Bill’s Commentary:

“Our pal Buz checks in with his experience trying to pay with crypto…”

Bill:

I just wanted to relay to you something that happened to me yesterday.

Back in 2017, I purchased some Bitcoin, just to see how that would go.

Yesterday, I decided that I would see how I could actually purchase something WITH my Bitcoin just to see how that part of the process works.

I found an item that I wanted to purchase, and a vendor that accepted Bitcoin as payment.

I went through all the steps to pull the correct amount of Bitcoin from my wallet to pay for the item.

The vendor’s crypto payment receipt system allowed for transaction to complete in 15 minutes. They don’t allow any longer than that as the crypto market is so volatile they don’t want “market risk” that is longer than that.

The first time I submitted a payment, I received a response that the payment had timed out, even though I had 12 minutes (of the 15 minutes) left.

The second time I submitted payment, I received a response that the payment had timed out, even though I had 13 minutes (of the 15 minutes) left.

The third time I submitted payment, I received a response that the payment had timed out, even though I had 11 minutes (of the 15 minutes) left.

The problem now is that I have made 3 payments using my Bitcoin assets that are out in “the ether”, hopefully, “in the process of being refunded” and I have been told that the process of refunding can take up to 3 days (if I’m lucky).

I was informed that the payment process may have timed out because it needs to go through many multiple “miners” to verify that the Bitcoin I was sending was legit and the number of verifications can be A LOT. In my case it was over 80.

Now, I am sure that some “wiz-kid” crypto experts will tell me that I should have used some other processing system, a more updated wallet, that I was just too slow or some other reason, but WTF Bill, this is no way to run a railroad.

What if this had been a really important transaction, involving a lot of money, where the timing of the purchase was critical?

What if the internet went down in the middle of the process?

What if the power went out in the middle of the process?

THE UPSIDE of all of this is that I am very glad I had this unpleasant experience yesterday because it has confirmed to me how messed up this whole cryptocurrency thing really can be, and that sticking with my gold and silver purchases is a better way to invest my hard earned money.

Just wanted to share that

CIGA Buz

Bill’s Commentary:

“Your tax dollars at work! And just one last question, Is Zelensky really the 10th largest landowner in the US? If so, where did the money come from?”

Western Media Begins Damage Control After $100 Million Corruption Scandal Rocks Ukraine

Update (1120ET): Ukrainian President Zelenskiy confirmed the dismissal of two key ministers and deployed personal sanctions on his former business partner as the corruption scandal in the country’s energy sector widens.

“It is absolutely unacceptable that, amid all this, there are also some schemes in the energy sector,” Zelenskiy posted on X.

Justice Minister German Galushchenko was suspended from his post earlier on Wednesday amid the probe, but more officials are falling…