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There is something that Graham once said... about the weighing machine in the long run. And something that Keynes said, about animal spirits. Let's see how long this one defies gravity...

Crypto Company This wasn't a company though. It was an obvious joke/meme thing that everyone knew it was a joke from day one. Except, some millenialtards didn't know what a joke meme coin was and went full-retard like it was supposed to be a 'new' Bitcoin.

You mean, another boomer generation fell for the Nigerian prince scam?

Well I don't buy much at McD's either since the prices skyrocketed in Canada. However, the few times I have visited lately when in dire need for quick food, I've noticed the lineups are far, far, far more shorter. Never used to get served so quick!

Not to repeat myself here for the 100th time but. I did warn that THIS WILL NOT END WELL. Again, so many did not want to listen. As a person who works in the appraisal-related business, I can tell you that 99.99% of stuff marketed to 'go up' in value only because it's marketed as a collector's...

This could be a great shorting opportunity on Hood? So the only reason they are getting clients to move their funds to a very sub-par platform, is to get the free money. So HOOD must be losing even more than it usually does. As soon as clients aren't collecting any more bribe money, they will...

If you record it as a loss, it has to be sold, or burnt. For all those full-retard millennials buying safe-moon, safe-mars, safe-shit coins, if you can't sell it due to de-listing, you can send it to a non-existent address to burn. Otherwise, it's tax evasion to write your foolish decisions off.

Bitcoin, termed rat-poison by a man who thought he would outlive crypto. But.. he died! Buffett is up next... :) Anyone seriously think Buffett will outlive Bitcoin? Anyone???

You seem to be quite mistaken. We see this happening ALL THE TIME in the FIAT banking system. An investment bank sends out BILLIONS due to a fat-finger order or some other issue to the wrong account(s). Recently there was an issue where multiple hedge funds received millions, were asked to...

Well, things like this make this meme come to mind, not that we're talking about books...

Have I been watching fake-news the last two years? Globalization is already over.

I took a look at the numbers tonight. Down on all my BTC miners for the day. And my long BTC calls are down by over 5K alone, but... I'm going to ride this one out and still relax, still up big over the last few months. I consider this just temporary paper-losses. Looks like war on inflation...

I slept through this like a baby... still up a lot. Truth is, I wish things went down worse so I could load up some more.

It seemed obvious to me crypto was going to out-live Munger, despite his flawed assumptions and big speeches. Unfortunately, not only do I know it now, and you know it, and every bear knows it.... Munger can't possibly know it. He's dead! Either way, he was wrong, wrong, wrong. What a way to...

I started How Money Became Dangerous this week. After seeing it for years on bookshelves. I'm liking it so far. He starts off talking about working in investment banking, etc. And doing deals money-laundering for members affiliated with Pablo Escobar back in the day. Then later moving on into...

Maybe... so my plan of shorting PUT(s) on MSTR to carry the purchase of CALLs on BTC was still the win-win? :) Anyhow, until April ends, I'm not going to get too excited. I've seen what hubris does to people...

Andre Jikh was one of the top influencers I believe on YouTube. He was endorsed by Celsius, BlockFi, FTX, etc. Maybe even Voyager to? They all ended in catastrophe. I don't think he had a single sponsor that didn't turn out to be a ponzi or other disaster? Not to mention the obvious NFT bubble...

I did a bit of looking just now. It seems you may be correct, with IRS being quite different from other tax bodies like the CRA.

Nope, the tax-man will rape you on fines and interest penalties for that. Dec 28 is a Thursday. But it's the Settlement Date that IRS looks for transactions to be logged. Since it's T+2 (not including weekends, you'd settle on Monday... and that would already be 2024. In fact, it's worse than...

Great day today. The only options I have that are In-the-Money are long calls on Bitcoin now. Over 5k profit within last 24h for just that one ETF. Miners have recovered very well, and I'm still holding to my rule of not taking profits until 2024 at the earliest. I'm not going to sleep too...