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  1. The_Krakenite

    Advisor for $2 trillion Allianz says bitcoin emerging as 'safe' alternative to bonds

    And in (Safe) millennial news... executives from Safemoon have been indicted by DoJ and FBI this week. Braden John Karony and Thomas Glenn Smith have been arrested, while Kyle Nagy is still at large. I honestly didn't expect arrests to happen. It was such an obvious rug-pull, only a...
  2. The_Krakenite

    Is the crypto winter over?

    There is another myth about communism/socialism that needs to be addressed. For some reason, a lot of millennials think that the debasement of currencies doesn't happen in places like Russia. LOL Just because you ban/enslave free-markets, does in no way ban debasement.
  3. The_Krakenite

    Is the crypto winter over?

    The main reason socialism is on the rise is because the young & dumb generation wasn't around to see the disasters of socialist countries. They never even witnessed the Berlin Wall, or saw the waves of immigration from everyone trying to escape socialist/communist countries. I remember those...
  4. The_Krakenite

    Is the crypto winter over?

    WTF is that website? Filled with so much spam... In any case, I'm happy sitting on my blocks of shares for WonderFi, Bigg Digital Assets, and that one little short-put on Coinbase.
  5. The_Krakenite

    Bitcoin ETF?

    If anyone wishes to go long Bitcoin/Ethereum ETFs now, you are welcome to purchase any of the dozens of SPOT crypto ETFs on the Toronto Stock Exchange. You are free to short Puts/Calls as well. In fact, you can also short the ETFs directly. I've been loaning them out for years now under IBKR's...
  6. The_Krakenite

    Is the crypto winter over?

    It doesn't matter how productive robots could become. How much a boost in GDP they may do, etc. The 1% will harness that, and you will still be stuck in the same lowering of standards since the US defaulted on its gold obligations.
  7. The_Krakenite

    Is the crypto winter over?

    Quantum computers are a threat, but it doesn't have to be malicious. There are ideas to employ a post-social-proof master-key, and other work-arounds. No one really knows for sure what future changes/add-ons/solutions will be employed for lost-key retrieval. Development can be slow on BTC...
  8. The_Krakenite

    Is the crypto winter over?

    In regard to the old wallets that haven't moved BTC in years, lots of speculation is that the owners simply lost their keys :sneaky: It is a little premature to think they all could just jump active one day and do something in unison... However, there are theories on alternate systems that...
  9. The_Krakenite

    SBF jailed

    So... about his crooked parents...
  10. The_Krakenite

    SBF jailed

    Again... Wolf of Wall Street got less than 24 months... and he got to spend that time wining and dining in a min-security prison and play tennis all day when not watching TV. Oh, he was also allowed to write his book to fill his bored time as well (which he did). So in the end... what did it...
  11. The_Krakenite

    Is the crypto winter over?

    I made just over 4K today for sitting on my ass and doing nothing... And that excludes all the spot-crypto and equities I am holding. I will most likely continue to sit and do nothing until the Having. Then maybe I'll sell my Long-Calls, and let my short-puts expire... The question is, what...
  12. The_Krakenite

    Crypto Macro Trends for 2022

    I came very close today to closing a short-PUT on MSTR and taking profits. I am perhaps getting a bit greedy here by trying to bleed out more theta first.
  13. The_Krakenite

    Is the crypto winter over?

    Babyboomers have been taught to pay high MERs for most of their lives. They would gladly pay even 2% just to have a 3rd party handle their keys for them.
  14. The_Krakenite

    Is the crypto winter over?

    My long-Calls/short-Puts still hurting a bit on miners. The good news is the options on crypto are doing fantastic. Another good lesson here on 'diversifying' your bets, even when directional.
  15. The_Krakenite

    Crypto founder sentenced to 11,196 years in jail

    Ok, do we really have a millennial generation this foolish, that no one raises red-flags the second anything has anything to do with Cayman Islands?
  16. The_Krakenite

    SBF jailed

    It's not lost, I believe they will get a hair-cut, but if things don't change as of now, they can expect 90% back. This was due to a combination of finding billions more, and key investments that paid off very well, and other things such as returns of donations, property, etc.
  17. The_Krakenite

    Baron's Crypto Trading Journal

    I may have to re-watch some of the cliff notes on the SBF court trial... but IIRC one big shocker moment was when Caroline admitted that SBF was at one point manipulating the floor-price of BTC using customer's funds. Granted, he had billions to play with...
  18. The_Krakenite

    Michael Lewis on The Rise and Fall of FTX and Sam Bankman-Fried | Intelligence Squared

    I am very relieved in a way that it all blew up. Just before the epic collapse, I watched that infamous clip of Ellison laughing how little and pointless math is for calculating risk etc... Did we really not see it coming?
  19. The_Krakenite

    SBF jailed

    The Wolf of Wall Shit went for less than a couple of years, in a minimum security prison where he got to play tennis all day. Steve Madden got quite worse despite doing hardly the same amount and level of crimes. Funny how the criminal system works.
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