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  1. The_Krakenite

    Using BTC to buy stuff

    To be fair, Bitcoin is only one out of many cryptos. I'd much rather own DeFi than a coin that trades through it.
  2. The_Krakenite

    Warren Buffet and Donald Trump are Now Bed Fellows

    People are making Trump's anti-bitcoin stance far more exaggerated than it is. This is for headlines and click-bait. This stems back from when his government was very cautious about Mark Shitterberg's crypto project (and for good reason). We are lucky the gov stepped in there at that time and...
  3. The_Krakenite

    Dusting off my LEAPs again...

    Feb 23... This is weird. I feel like last weekend barely ended, and already it's Friday afternoon AGAIN? Anyhow, I went ahead with some of my plan... Argo Blockchain plc : ARBK I laid my offer for ten PUTs. I had them up for a few days trailing the next best offer by just a penny. No one...
  4. The_Krakenite

    Canaan Inc. (CAN)

    Not too worried about it. Tonight I saw that some of my high-offers on Argo Blockchain got filled. I almost forgot about that trade since I put it on, and at first I thought ticker ARBK was ARKK, and that I somehow shorted PUTs on Cathy's Innovation Fund. lol
  5. The_Krakenite

    CA congresswoman calls for $50 hour min wage in CA

    I thought they already were?
  6. The_Krakenite

    Canaan Inc. (CAN)

    Well then, ironically, I'm down on my position despite all the upside. I guess I should have just bought the shares outright. I'm down $115 in the red. :)
  7. The_Krakenite

    Please bet on the next crypto exchange to become insolvent

    You obviously missed the Kraken news regarding PayPal's stablecoin. Every move Kraken does to give options to users for using something less dangerous is a big plus. No one is making this up.
  8. The_Krakenite

    My Degenerate Option and Stock Play

    I was on the opposite end of you on that trade. But thank you for insulting me by stating that I can't see the obvious. Just kidding, I shorted the LEAPs version of Roku PUT, so we'll see who laughs last :) Could be a win for both. If things go really bad, I expect Cathie to step in and give...
  9. The_Krakenite

    Is the crypto winter over?

    I've traded options on Bitcoin ETFs for years now, but never Bitcoin-Miner ETFs. So today was a first for me. Let's see what happens by October. Actually, markets closed today for $99 profit so far. Will try to milk 1K out of it.
  10. The_Krakenite

    Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K

    CoinDesk 'Special News Bulletin!' We have found out that as two days ago, an unknown 'whale' has purchased fire insurance for a mansion they own. The house specified is worth a staggering adjusted cost basis of 10 million. For those who do not understand how these contracts work...
  11. The_Krakenite

    Please bet on the next crypto exchange to become insolvent

    Kraken's doing positive things. Such as helping to dilute dangerous stable coins like Tether so the fall-out won't be so bad when that ticking timebomb goes off.
  12. The_Krakenite

    Is the crypto winter over?

    Yup, I noticed the profit taking today... glad I didn't go long at yesterday's prices.
  13. The_Krakenite

    The Derivatives Time Bomb

    Well, this reminds me, I was a very short while ago reading a book on securitized Real Estate that was published just before the great financial crisis. It was quite an amusing read how the author was proud of themself and how trusting these derivatives were. Well, that did not age well I'm...
  14. The_Krakenite

    Canaan Inc. (CAN)

    Well that was a bit of an unexpected shit-show today. Crashed down over 8%. Ethereum skyrocketed, yet most miners went into a steep sell-off off and Sec Up-Tick-Rule is enforced on half of them for short-selling restrictions now. I just knew Murphy's Law was going to hit me here, lol.
  15. The_Krakenite

    Bitcoin Options Trader Takes $20M Bet to Hedge Against Prices Dropping to $47K

    Holy cow! Is that article for real? I feel so much... SMARTER NOW! Thank you very much CoinDesk for that little bit of philosophy. Another amazing thing I just learned. Though it is also 'likely' I just got more stupid reading that article.
  16. The_Krakenite

    Is the crypto winter over?

    Damnit to hell. I had been planning another ETH trade last night. But this afternoon it had already shot over 5% up, so I waited.... only to see it keep going higher. I give up for the day. Either the Tether printing press is spamming, or the paper-hands are back again and everyone's...
  17. The_Krakenite

    Here we go bitcoin

    I am not really into making trades on "I guess" assumptions... As asked, why didn't you buy earlier, like when ETH was selling for triple digits? Now every ape and paper-hands are dogpiling in on full animal-spirits greed.
  18. The_Krakenite

    Roku

    What a shit day for me. Everything I wanted to go down in price shot up like crazy, and everything else I wanted up went down. lol Not going to lose sleep over it though. Let's see what Mr. Market brings later on this week.
  19. The_Krakenite

    Dusting off my LEAPs again...

    Over-the-Weekend... I spent quite some time this weekend trying to put together a new form of attack for trades, but I'm not too thrilled yet with a couple. Alibaba Group Holding Ltd (ADR) : BABA I have never traded CDRs or ADRs before, and this one is tempting. BABA is supposedly the...
  20. The_Krakenite

    Dogecoin lagging?

    The same thing that happened to the Hyperloop.
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