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  1. BMK

    European Fish Market

    The article that I linked above actually contains the following text: The clock ticks down throughout the process: Traders are handling a depreciating asset. "You have a maximum of three days to move the fish on, or you’re dead," says Desormeaux, a veteran commercial fish buyer based in the...
  2. BMK

    European Fish Market

    The platform mentioned in the article is not trying to offer futures or any other type of security. It is an online exchange that facilitates the purchase and sale of fresh fish in wholesale, commercial quantities. That's all they are trying to do, because most participants in the fishing...
  3. BMK

    European Fish Market

    Several months ago, I posted about fish futures. It turned into a very interesting and entertaining thread: https://www.elitetrader.com/et/threads/fish-futures.369880/ Yesterday, I ran across this article about how the European fresh fish market actually works. Or, rather, how it doesn't work...
  4. BMK

    Any stats on cryptocurrency being used for non-investment?

    It gets used every day, in fairly large amounts of money, to pay hackers to unlock ransomware. Would you consider that to be a case of cryptocurrency "being used for things other than investment"? Not sure how you would get any meaningful data on that, though... I suppose you could construct...
  5. BMK

    Crypto Exchange Binance is not likely to fail

    Yes, and unlike you, I have no trouble recognizing when I've made a mistake. In my previous post, I did not attach the annual report. Here's the link: https://www.mazars.com/mazarspage/download/1091492/56802396/file/Mazars+Yearbook+2021+2022.pdf
  6. BMK

    Crypto Exchange Binance is not likely to fail

    Do you really believe that? Or are you simply a person who cannot admit that they might have misunderstood something that they read somewhere about an "auditor" who "quit"? I have attached a copy of the most recent annual report from Mazars. It is a compact 36-page document. Page 3 says that...
  7. BMK

    Crypto Exchange Binance is not likely to fail

    Dude, you're living in a fantasy world. The article I linked to explicitly states that "Accounting firm Mazars Group has suspended all work with its crypto clients." This is not about an individual. It's about an accounting firm.
  8. BMK

    Crypto Exchange Binance is not likely to fail

    There is no he. Any organization the size of Binance will have an entire team of accounting professionals assigned to it. Your continued use of the pronoun he reveals that you actually believe that the "auditor" who "quit" is an individual. This is a fundamental misunderstanding of what the...
  9. BMK

    Crypto Exchange Binance is not likely to fail

    I don't normally wade into this kind of pissing contest. But this claim is incredibly naive. The auditor that withdrew from their engagment with Binance is Mazars, and it is a very large international accounting firm. The media has reported that Mazars has suspended all work with all of its...
  10. BMK

    Lyn Alden

    According to this page, the premium content contains concrete recommendations for individual stocks and ETFs: https://www.lynalden.com/premium/ The premium subscription is $199/year or $25/month. I have not signed up for it.
  11. BMK

    Lyn Alden

    Anyone familiar with this site? Anyone paid for any of the premium content? https://www.lynalden.com/ FYI: When you go to the website right now, on Tuesday 04 January, the lead article is about crypto. But this is not a crypto website. It is a general market research site. It looks like most...
  12. BMK

    European Central Bank publishes scathing remarks on crypto meltdown

    One thing has not changed since cryptocurrency was introduced: I can use fiat currency to pay my mortgage, and to buy clothing, gas for my car, and food. I cannot use crypto for any of that. That is reality, and I don't see it changing any time soon. Oh wait... I can use crypto to make...
  13. BMK

    European Central Bank publishes scathing remarks on crypto meltdown

    From an opinion piece written by European Central Bank (ECB) staffers Ulrich Bindseil and Jürgen Schaaf: "Since bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised."...
  14. BMK

    Account Protection per account or per person

    Interesting... You should use a VPN, and choose an IP in the USA.
  15. BMK

    Account Protection per account or per person

    SIPC only protects you if the broker fails. Do you really think that's a possibility? I think you can have another account that is not subject to the combined limit if it is a business entity, such as an LLC, or a trust.
  16. BMK

    Youtuber Spencer Cornelia Joins The Dark Side

    There is an alternative search engine https://www.dogpile.com/
  17. BMK

    Former Deutsche Bank trader convicted of wire fraud fails to secure bail

    Interesting article. Not surprising that he was denied bail while appealing to the US Supreme Court. The US Supreme Court only accepts about two percent of the cases that are submitted to them. They have no obligation to do anything other than read the petition, and roughly 98% of all petitions...
  18. BMK

    MSFT and ATVI

    Merger is in jeopardy... FTC voted to block it. https://www.theguardian.com/us-news/2022/dec/08/us-agency-block-merger-microsoft-activision-blizzard-video-games
  19. BMK

    Traders With Edge - Prop Firm Q & A

    I watched your YouTube video, and I was particularly intrigued by the part of about lifestyle and freedom. Are those people in the pictures actually funded traders on your platform?
  20. BMK

    Are dividends mainly horsepoop?

    Dividends sometimes make sense for long-term buy-and-hold investors, especially if they want current income, i.e., they may want to use the dividends for actual living expenses, or possibly to invest that money in something else, e.g., dollar cost averaging into some other stock... or use the...
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