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  1. The_Krakenite

    Dusting off my LEAPs again...

    Captain's Log: Friday, May 3 What a week of excitement. It was quite unusual to see even so many crypto perma-bulls start to panic just before the FOMC and youtube was full of doom & gloom. Despite this, markets are doing well again on recovery today, even though the US government is in big...
  2. The_Krakenite

    MSTR -- To get out or not...

    I did notice today I recovered 183 bucks in the green for the 200 MSTR strike. That's a few cases of pop (soda) in woke-broke Canada. Seems this week worked out pretty good for me. Very early I sold 10% of my BTC calls, getting worried things would go south. Sure enough, after I did there began...
  3. The_Krakenite

    Bitcoin Price Thread

    I'm not sure if that's a good, or bad thing... :D But ok, go start that channel John, I'll give your pilot video a look.
  4. The_Krakenite

    Unrealized capital gains!!!???

    The way people talk in this thread, you'd think that not only do the super rich evade taxes, but that politicians know about this, and some are even in on the scam with them. What an invalid and totally ridiculous tinfoil hat conspiracy theory... :sneaky:
  5. The_Krakenite

    Bitcoin Tx Fees Skyrocket to $128: Is This the Start of a Bear Market Drop?

    Looks like Argo Blockchain lost a whole penny (literally). And COIN is up 5 points.
  6. The_Krakenite

    MicroStrategy's infinite money glitch

    I was just going over MSTR tonight in my log-book while updating some accounting for next-year's taxes. I almost can't believe it's been almost a whole year already since I first shorted a PUT at the 200 strike. I also remember purchasing a bit of stock too when the perma-bears were screaming...
  7. The_Krakenite

    Bitcoin Price Thread

    Well, today was the day where I FINALLY started to unwind some of my long-call positions. Sold off 10% for a 20x bagger. I could have done that earlier for close to 30x, but I was trying to go for the chandeliers, not just the bare casino, lol. Will see about unloading a bit each month...
  8. The_Krakenite

    Fake Moon Landing?

    LOL! I didn't even realize that was Bart Sibrel until his familiar voice when he started talking. Boy he didn't age well. Granted, it's been over a decade since I last paid attention to him. He always used to be so desperate to see a conspiracy in anything related to the landings, that he comes...
  9. The_Krakenite

    Bitcoin Price Thread

    $1M is possible, but I could also state that aliens landing on Earth is also possible. How likely is bitcoin to go there if the world is adapting to gold-backed BRICs by that time? This would cut a big leg out from under Bitcoin. Now, not to get ahead of ourselves, I'm not saying that it would...
  10. The_Krakenite

    Do we really need to fight inflation?

    It seems Gemini doesn't trust you. :D --- Based on the information I retrieved on April 27, 2024: No, Japan does not currently have a positive trade balance. In 2022, Japan ran a record trade deficit of ¥19.97 trillion ($155.27 billion) due to rising energy and raw material prices, along...
  11. The_Krakenite

    Bitcoin Price Thread

    Even where I work, I see cis-white-males now lying about their sexuality and stating they are gay (or bisexual if married to a female), just so they don't have to worry so much about their jobs due to DEI quotas and other penalizations. Now just think about that for a minute. All this...
  12. The_Krakenite

    Do we really need to fight inflation?

    As a few top alpha hedge fund mangers have stated, "They're spending like drunken sailors." As for those thinking this is ok because we can just inflate a away the debt... do you know how dangerous this philosophy is? Let's assume the government manages to pull this off... do you have any idea...
  13. The_Krakenite

    Dusting off my LEAPs again...

    Captain's Log: Friday April 26... Early this week we carried out our plan with Argo Blockchain (ARBK). I chose the $5 strike to short calls, sacrificing some premium. Was able to sell at .25 for the October contracts. If the security gets called away, great, because I will have at least 2Xed my...
  14. The_Krakenite

    What are you presently reading?

    I finished a couple books this week. One not worth mentioning, the other, was 'The Fund' regarding Dalio. That one went worse and worse, to the point it was a boring chore to get through. Seems Copeland just keeps going back to some feminist rant over and over... Dalio treats a woman the say...
  15. The_Krakenite

    Tether Now Holds Over $5 Billion Worth of Bitcoin to Back USDT (But Should It?)

    As I said earlier... Michael Lewis' book has details from when Lewis was watching SBF. There is a little bit of insight into Tether that tells enough. SBF stated personally that when dealing with Tether... he found them the most 'sketchy as fuck' organization on that level. I don't know what...
  16. The_Krakenite

    Day trading Crypto assets

    I don't do binaries, and (almost) never do weeklies. Excluding my LEAPs which eventually degrade into weeklies given enough theta bucks :) I used to think those new 50-year bonds were silly. But the more I think of it, if I could get involved in 1 or 2-decade long DTE leaps, I'd probably go...
  17. The_Krakenite

    Bitcoin Price Thread

  18. The_Krakenite

    MicroStrategy's infinite money glitch

    You nailed it right on, as far as Woke Canada. People are now forced to dumpster dive for food, and crime isn't punished. And just look at the ridiculousness of even the big thefts going on here. Last year a bunch of ( can I dare say migrants?) executed what is now a 45 Million dollar gold heist...
  19. The_Krakenite

    Bitcoin Tx Fees Skyrocket to $128: Is This the Start of a Bear Market Drop?

    Runes is one of the main reasons I decide to take my assignment hit on Argo Blockchain. And another reason I'm shorting CALLs at higher strikes instead of deep ITM. This extra income to miners was not priced in earlier as this sort of hyper activity wasn't expected. We are post-halving now, and...
  20. The_Krakenite

    MicroStrategy's infinite money glitch

    Could you show us the ruling that 'proves' this as a junk asset as you state? Couldn't you just throw the same blanket-statement toward precious metals like gold, and even every day collector's items and artwork?
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