Respirar Acapulco

Observing the carnage from the recent crypto-exchange implosions, there are serious lessons to be learned... but are people really ready to do the work to see the truth and be honest with themselves? Especially those who have been cheerleaders for the technology since the first or second spike up... Many have allowed themselves to be swept up in their own rhetoric and have their own financial security compromised with their involvement. There's an obvious conflict of interest for most people involved in crypto these days. Whether people have noticed it or not. Dreamstudio's AI bot: "The chaos of crypto, government and central banking"  Which leads me to the suggestion that hard questions need to be asked. Serious discussions need to be had and good answers need to be brought forth and arrived at. Firstly, one has to take note of the origins and have to at least consider the strong possibility of government involvement. With these latest scams, one also has to consider

For those of you in the USSA and much of the world, far too many people have let other people's ideas run their lives. For months now there has been a reverberating message from much of the media, in particular, the alternative media, that the Communists/ Fascists (for lack of a better term) in charge were going to be thrown out of office. That the faltering economy, the sky high inflation, the price of gas, the funding of the War in Ukraine, and numerous other things that had gone wrong was going to be the axe for many of Washington's corrupt politicians.  However, the election is now behind us and very little has happened. The most ridiculous candidates ever elected might be one thing to note. But beyond that, the system is going to continue to churn out bad news for those who pay attention, and for the rest... they probably won't even notice why their life continues to get more difficult. What might we learn from this? One thing I believe I can safely predict. It will co

 I'm not going to say a whole bunch here. Just posting this for the record. Two, reports from some of the insiders who are starting to dig into the data and discovering massive problems. Who is next? More hints of trouble... In my opinion, this isn't the 2008-10 crisis in crypto, this is the dot com bubble pop in crypto, only worse. Interesting that this is happening as the central banks are whispering their long-term plans for CBDC. Another created crisis? The connections to government insiders do seem to suggest some troubling possibilities. I haven't heard many people talking about this aberration in Tether, but the fact it continues to creep along isn't reassuring IMHO... Could this mean BTC to less than $5k? Less than $2.5k? With all the potential for more dirt to be found... and it's effect on people's confidence... it is certainly a possibility. Respirar Acapulco is a blog that is also an effort to meet and collaborate with like-minded people. Knowledgeab

 I'm no expert on the industry. But over the years I've got to rub elbows with many of the crypto industry's finest. Needless to say, I've been an observer for the most part, taking note of the wise ones. Today was another new low for the Market Cap. Losing $160 billion in less than 24 hours. More than likely caused by Binance dropping out of rescuing another faltering crypto-exchange, FTX. Bitcoin is now teetering at the $15k range. Which for the technicians, is a very precarious position. There's little support in this area and could mean a tumble to less than $10k in short order. Unfortunately, this isn't the end of the bad news for crypto. There's a number of things that these lower numbers do to the balance sheets of the businesses and exchanges that are using crypto as assets. The potential for bankruptcies grows as the price goes down Over the years there's been a lot of promises and very few deliveries when it comes to the capabilities of the ind