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What I'm trying to figure out, is why did crypto go up, and the miners went down this week. Can't seem to figure it out, nor did I see anyone come up with any explanation for this that makes sense. So... the market is failing to do arbitrage or what am I missing?

Everyone who has a fiduciary to their client's retirement fund. Due to the way these futures ETFs work, they are guaranteed to lose in the long run. They behave similarly to that USO garbage and other ETFs that are 2x & 3x leveraged. Eventually, they all head to zero. These products were...

BITO is made up of futures contracts and a mix of other things. It does NOT hold spot-BTC. Again, this is EliteTrader... but for some reason the crypto forum brings out all the newbs and baby-boomers who just heard of bitcoin on CNBC for the first time... This is getting scary around here.

I am so confused. Canada has had crypto ETFs for years now. This forum is supposed to be called elitetrader.

The irony, is that those who lost everything are close to getting back 90% due to SBF's lucky Tech/AI investments...

In regards to all the talk regarding trucker protests. I guess we can at least agree that it did not shine too well on the feminist-apologist running Canada and all his playing politically correct word-games on anything to do with the inclusive word 'man'. That said, he's still in charge...

So, they did the same tactics Celsius & Enron did...

The irony, is not only are some people still waiting for the Crypto Queen to return, but in 2023, people are STILL buying it!

The problem with the next halvening is that Tether hasn't imploded yet. So the ticking time-bomb is still there. No one knows when the run-to-the exits will occur again. All it takes is that one spark... What's interesting, is people have been puzzled for a while why the last halvening did not...

But... this can't be true. His parents are lawyers and the most self-declared ethical people. They even donated to charity to show what pillars of the community they are!

Well, the young generation of Israel seems to be such nice hospitable people. It's nice to see they've taken their religious differences and put them aside... https://www.youtube.com/embed/vio53jUpJz0?feature=share

All you need is one BLM criminal to scream on leftist TV how we need to 'Defund Israel!' because it's oppressive to black lives. And YOU BETTER BELIEVE IT, how fast that would cause the 'sheeple' of the US public to put a halt on tax-payer money being gifted to Israel every year. Nothing much...

So basically, it's on-par with why so many boomers were gold-bugs, but this asset class has a little bit of a new tech twist that appeals to many.

You don't get it. She ALREADY turned on him to save her ass immediately after the authorities came knocking. She was re-directing the finger at him long before then. This is what x-girlfriends do. Theranos is the same dynamic... blame your X Boyfriend for everything, even though you hadn't...

To be fair, Bitcoin & Ethereum were the ONE time where Main Street was able to front-run Wall Street & Bay Street.

Sun Oct 8, 2023 Oh dear, looks like we now have a war on the second front now. Thought it would be in the Pacific theatre for sure, but looks like Israel now. One minute after I got home today while watching the progress... I received a notice that a limit-order got filled. My first ever...

Thorp wrote an essay on Madoff being a Ponzi long, long, long before anyone heard of Markopolos. Another fun fact, on Black Monday during '87, Thorp had already figured out on the spot that massive standard-deviation moves were being caused by portfolio insurance.

But, I thought one great use of AI is we can make our own royalty-free version of that music at the push of a button. :sneaky:

If you shop around Canada's Oligarchy of banks, the first 6% GICs started popping up about a month ago. Only had to lock in for 1.5 years.