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  1. The_Krakenite

    What are you presently reading?

    There is one new book on Hedge Funds I haven't read yet, but have on my waiting list. 25 weeks! It's the one by Rob Copeland, 'The Fund' which is very critical of Dalio. However, Dalio has... pointed out some things in his own defence, mentioning Copeland not only is an impulsive liar, but also...
  2. The_Krakenite

    Opinion: Why crypto was the perfect tool for criminals and kleptocrats

    To be honest, I don't recall exactly recommending 'Number go up', though it's quite possible I did recommend the "Number Go Up" documentary video to be watched at least once. So I guess that is fair. I haven't read the author's book, but in his interview(s), I don't agree 100% on everything...
  3. The_Krakenite

    Opinion: Why crypto was the perfect tool for criminals and kleptocrats

    I don't have issues with the world banning tumblers. But the fact is, it's only because the myth of tumblers covering your traces, that so many 'smart' crooks tried to use them. Then looked like dumb crooks later when law enforcement found tools to still track them.
  4. The_Krakenite

    What are you presently reading?

    I have not read 'When Genius Failed' yet. But I have read Hedge Hogs, and loved that one very much. Will probably give it a re-read again in the future sometime. As for tonight, I read up to p. ~270 of The Wolf of Investing. I do find myself still bursting out laughing every hour or so at...
  5. The_Krakenite

    What are you presently reading?

    I would definitely give it a recommendation for a read. Even if you're a boomer and not into crypto assets. I would like to someday finish reading all of Lewis' books. Though I know this one is his most controversial, as SBF has so many haters right now. I think my most unliked Lewis book is...
  6. The_Krakenite

    What are you presently reading?

    So, I finished Lewis' Going Infinite just now. There were some interesting things, such as the insider hacks stealing over 1 billion BEFORE the other hacks happened during the shit-show that the public became aware of. One of the hackers had cornered the market in two low-float shit-coins...
  7. The_Krakenite

    starting to day trade crypto question

    The only person who makes money in ForEx is Soros, and that's with insider info advantage. These markets are for hedging purposes.
  8. The_Krakenite

    starting to day trade crypto question

    Why does it have to be Bitcoin? With such a small bankroll, you could instead go for the CME Group's Micro-Ether futures. You could also do the Options-on-Futures for Micro-Ether as well. I experimented with both, was fun and unless you load up on too many contracts, you won't blow out.
  9. The_Krakenite

    Baron's Crypto Trading Journal

    I haven't looked into the reasoning why, but from my understanding, according to her rules... she's at times forced by rule to sell off 10% (or more?) at intervals. This has some criticisms, as to why you would invest in her fund, instead of simply purchasing Bitcoin/Tesla outright if you're...
  10. The_Krakenite

    What are you presently reading?

    LOL! Still digging deeper into that book a little each night. I'm at the part where SBF was left alone and abandoned in the Bahamas, while he kept walking around in circles around those mansions they bought.
  11. The_Krakenite

    Dusting off my LEAPs again...

    So it's official. My first-ever Options-on-Futures trade has settled today (expired). I also went on a one last time buying spree today to purchase some equity. A round lot in SVV, and 5-round lots in XRE. I didn't want to, but I fear that the market may very well have seen the last of...
  12. The_Krakenite

    More Crypto Fraud

  13. The_Krakenite

    Tether: What part of this balance sheet do we not believe?

    The problem with this PayPal thing is... it's practically a centralized shit-coin. But even shit-coins can trade on exchanges.... the PayPal thing does not the last time I checked. It's kind of wrong to say they've got a stable-coin even.
  14. The_Krakenite

    What are you presently reading?

    I guess everyone is getting too busy with the x-mas rush already that no one has time to read anymore... :D So a little update for now. I am halfway through Belfort's book, but put it on hold this weekend after reading into Lewis' novel. I'm now up to Act III (the last I believe), and it's been...
  15. The_Krakenite

    Social media effect

    Yes, far too lenient. There have been multiple investigations in this, over different times. Basically, more than 99% lose money. There is no such thing as a winning day-trader. And for the record, this was even for adjusting the cost of commissions! So you can't blame it on commissions. Now...
  16. The_Krakenite

    Thread for people who don't entirely understand Bitcoin

    That's like the idiot-bear saying no one believes in the Internet anymore because the dot-com crash. We said well before that the NFT thing was in a bubble and ready to pop. Which it did. But NFTs are here to stay, just as much as the internet is here to stay after the tech-bubble imploded.
  17. The_Krakenite

    Dalio's Master Class

    After looking a bit more into it, I think I'll skip it for now. For all I know, Dalio only did one video, and that may be it. I'd rather just re-read The Changing World Order. And I've been planning to get to Seth Klarman's classic book SOME DAY... I'd rather start with those with what little...
  18. The_Krakenite

    Thread for people who don't entirely understand Bitcoin

    I wish these bears could just hop into a DeLorean and travel back through time and load-up. Then I wouldn't have to hear all the whining so much year after year after year about it... FFS Bitcoin is almost a decade and a half old already. Are we going to be still crying another century from now...
  19. The_Krakenite

    DOJ to announce crypto action at 3pm

    This just looks so bad. I don't know to laugh or not. So by PROOF, Binance has no backing what-soever in their reserves, except for an empty Tether chest that is itself not backed by anything but (we hope) supposedly shit-coins, because an un-audited corporation of fraudsters says Tether is...
  20. The_Krakenite

    Is the crypto winter over?

    I'm loving it. Up $850 today alone for just sitting on my ass again. Ignoring what's happening most the time...
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