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  1. The_Krakenite

    For those fawning over NVDA ... some history

    Well that's strange. Considering Niederhoffer has continually mentioned what a poor & terrible book it is. Not to mention how the trader ended up in his suicide and being broke at the end of his life. Fun fact: Niederhoffer gets really, really, pissed when people keep telling him that they...
  2. The_Krakenite

    Kerrisdale Capital "Bitcoin mining sector won't be around in 5 years"

    So... I finally read their report here: https://www.kerrisdalecap.com/wp-content/uploads/2024/06/RIOT-Kerrisdale.pdf Looks like they even quoted a time-line for the Bitcoin miner implosion, depending on Bitcoin's range: Great, now everyone knows when the bust is going to happen. Bet the...
  3. The_Krakenite

    Kerrisdale Capital "Bitcoin mining sector won't be around in 5 years"

    It will self-correct after the AI bust... And if you ever visit Ontario, you should see the landscape now where all those WEED stocks sprang up years ago. They were saying how pot was going to go absolutely gangbusters too... Those investors absolutely don't want to talk about it any more...
  4. The_Krakenite

    For those fawning over NVDA ... some history

    I was following Gary Kasparov and his battles vs CPUs long before Deep Blue. But knew he'd lose eventually. Shit got interesting when he battled vs DEEP THOUGHT. Nova did a special episode on that. However, Deep Thought ended up glitching (computer bug) and did stupid stuff sacrificing pieces...
  5. The_Krakenite

    Kerrisdale Capital "Bitcoin mining sector won't be around in 5 years"

    Well, the news is out. Short-seller hedge-fund I never even heard about, talks up their book and gets Yahoo Finance video-time for their efforts. I wonder if this will turn into the same 5-year bet Buffett made regarding Bitcoin going to zero? That was over 5 years ago... luckily he couldn't...
  6. The_Krakenite

    For those fawning over NVDA ... some history

    Well, before D.E.I. quotas, they used to... As for the AI bubble... I remember the talk about musical chairs just before the financial crisis sent everything off a cliff. I'm getting the same alarm bells ringing now. Special points for those retail who claim they 'know' it's going to pop, but...
  7. The_Krakenite

    What are you presently reading?

    I've had this on my desk for a few years now. Finally started reading into it tonight...
  8. The_Krakenite

    DEI Runs Amok

    I don't blame her for this sort of scam. If companies are this stupid to waste investors money on woke-broke shit and anti-white discrimination... power to her. The investors should be pissed at HR & the CEOs allowing this to happen.
  9. The_Krakenite

    Bitcoin failed to deliver.

    The problem with crashes... isn't that people WANT to sell.. it's when the broker rips the assets out of the account due to a margin-call. And then you get even more cascading margin-calls... :sneaky: How will the next one start? I'm not sure, I am still expecting a disaster by Tether at some...
  10. The_Krakenite

    Dusting off my LEAPs again...

    Captain's log, Sunday June 9... I am dumb... Yes, that's right. I was dumb, that is D.U.M.B. It wasn't a catastrophe or anything, but as we will see in the following... So here is the thing... Purchased 10-round lots of Neptune Digital Assets (NDA) on the dubious Venture exchange. This...
  11. The_Krakenite

    Dusting off my LEAPs again...

    Since we were on the topic of Core Scientific (CORZ), it is interesting to note that this week they hit a ~50% spike in just 24 hours... (middle left column) Again to recap, they did 2021 exceptionally well, by going aggressive on growth and became a big top player. Then after going public in...
  12. The_Krakenite

    Robinhood Doubles Down on Crypto With Deal for Bitstamp

    Is that how you always plan your trades? In hind-sight? My crystal ball has limitations. Let's not try to be Youtube gurus on a Meta-trader account here.
  13. The_Krakenite

    Robinhood Doubles Down on Crypto With Deal for Bitstamp

    Wish I had shorted PUTs on HOOD before the rally started many months ago. I had been tempted as the bottom was holding for a long time.
  14. The_Krakenite

    Progressive Stupidty

    Over here in Canada, we have the LGBTYXXWSUDSFLFIASHFDJLASKJFASKLDFJ;+ all advocating for ISIS, which is weird, since ISIS hates and literally kills (and tortures) wokes. We truly live in strange times. Also had marches just outside the capitol, people screaming death to jews. That was...
  15. The_Krakenite

    Nvda and law of large numbers

    Very expensive to short, is the PROBLEM. The market already KNOWS what happens when euphoria runs out of steam. The PUTs are very expensive now. There is no such thing as a free lunch.
  16. The_Krakenite

    Dusting off my LEAPs again...

    Core Scientific was the big daddy bad-ass. Owned a whopping 10% of the hashrate for the BTC network. Yes it went into chapter 11. But, this happened only due to a cash-flow problem. The perfect storm of getting caught right at the worst moment, with depleting revenue and dropped spot value. It...
  17. The_Krakenite

    Dusting off my LEAPs again...

    @qwerty11 I would certainly like to see your thesis on how sure you are on this? :strong: Bitfarms went IPO back in 2019. That is HALF A DECADE AGO. HIVE went public all the way back to the 2017 cycle, and many of the other Canadian domiciled miners were mining years before going IPO. So...
  18. The_Krakenite

    Dusting off my LEAPs again...

    Saturday Jun 1st... Notes: Finally! I solved the 'mysterious' US dividend payout that kept showing up in my trading account. (more to say shortly). Nothing happened much the previous week, but did a couple trades near the end of this week: BitFarms (BITF) - There has been quite some drama...
  19. The_Krakenite

    ARKK, continually trying to stay afloat

    To be fair, (and I am just guessing what's happening over there), is she listens to those she's hired to make the due-diligence research. She probably has the last say after what everyone else comes up with on the plotting board. It wasn't that long ago, she was flying sky high, then the Fed...
  20. The_Krakenite

    Nvda and law of large numbers

    The ride up has been fun. However, I'm more concerned with how to master the ride-down. Timing is always hard!
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