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  1. The_Krakenite

    NFT Crash: 95% of NFTs may now be worthless

    Umm... they STILL are worth thousands on the market when I checked a few days ago.
  2. The_Krakenite

    NFT Crash: 95% of NFTs may now be worthless

    Actually, Pokemon stuff is not a fad. The games still are going, and make lots of in-app purchasing cashflows. Also, we get the cards all the time for appraisals at work, not to mention the cheap Dollar stores still sell those cards (and Magic the Gathering).
  3. The_Krakenite

    NFT Crash: 95% of NFTs may now be worthless

    What is the point of this thread? We KNEW it was a bubble going to burst and most of it was stupid. Youtubers posting the most stupid over-inflated images as something of value... If you look at older threads, you'll see we were waiting for the bubble to pop. And pop it did. This is old news...
  4. The_Krakenite

    Tit For Tat: Who will win this war?

    Actually, it's more like Nike, Apple and every other 'fake' company that likes to lie to its own public and act all rah-rah social justicy... that invested in China. And it wasn't for GOOD reasons. We all know that they were simply trying to exploit workers there for slave wages, and knowing...
  5. The_Krakenite

    Crypto Macro Trends for 2022

    @johnarb I think you may wish to tread carefully with MSTR. My short PUTs-LEAP on MSTR has been amazing. I believe I was able to harvest almost half the premium within a couple months or less. It seems to make more sense for me to close and take the profit, instead of waiting a couple more...
  6. The_Krakenite

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

    It's possible they have changed their evil ways, and are just a bunch of really nice and trusty guys now. Everyone deserves some forgive & forget of their past criminal history. :) Just like a broken clock is correct 2x a day, a career criminal will eventually do something right by pure chance.
  7. The_Krakenite

    Bitcoin Price Thread

    I can easily see a significant pullback. For one... people finally realizing that high interest rates due to core-inflation is here to stay.
  8. The_Krakenite

    In Texas idling rigs make more than mining crypto

    This is exactly how the automotive industry works. Very high expenditures, lots of debt, and lots of time spent in down-cycles. And golden parachutes for their CEOs.
  9. The_Krakenite

    Tit For Tat: Who will win this war?

    The US already lost dominance to China. It's that most haven't realized it yet. Waiting for the fireworks to go off when the Taiwan theatre opens in addition to the current war in Europe. Now I wish I hadn't given away all my old People's General games.
  10. The_Krakenite

    Crypto founder sentenced to 11,196 years in jail

    They only went hard on Made-Off because he fucked over the 1% All the little retail guys like you and me were left out of the Ponzi.
  11. The_Krakenite

    In Texas idling rigs make more than mining crypto

    Been sitting on my RIOT short-puts for a while. And plan to keep sitting on them for a lot longer. The vol is amazing for farming theta-credits. :thumbsup:
  12. The_Krakenite

    Dusting off my LEAPs again...

    Friday Sep. 8 A sea of red again in regard to BTC Miners today. I decided to take another small nip at something. I'm trying hard not to over-play here. I also tried to get some fills on non-related equities (for diversification) but didn't get them at the prices I was willing. I also tried...
  13. The_Krakenite

    Crypto founder sentenced to 11,196 years in jail

    The other side of the story, is that a billion bucks can hide you for a lifetime and buy yourself an island. She's got lots of ties to Bulgaria, which is one of the most corrupt and mob-ridden places in the world. The government is part of the mob. They make the insider-trading Pelosi family...
  14. The_Krakenite

    SBF jailed

    LOL, I was watching part of Number Go Up last night.
  15. The_Krakenite

    Crypto founder sentenced to 11,196 years in jail

    The feds thought so back when that dead cop's safe had notes documenting the hit on her from the mob. But then quite a few months later, the FBI had evidence that she had made contact with her brother while he was incarcerated IIRC. So, you can't even trust the mob in this... In any case, they...
  16. The_Krakenite

    Crypto founder sentenced to 11,196 years in jail

    Crypto scammers should move to a more 'friendly' country like Canada. We simply give them a few love-taps until they apologize for stealing, and to never do it again, while promising to repay the millions back (somehow).
  17. The_Krakenite

    Crypto founder sentenced to 11,196 years in jail

    57 billion bond only means a few thousand if you have SBF's lawyers.
  18. The_Krakenite

    Crypto founder sentenced to 11,196 years in jail

    I remember when they were trying to find him... think the last picture of the CEO was in Istanbul airport after leaving with a billion from the exchange. Anyhow, now they caught him it sort of takes the mystery out of it. Next in line... Ruja Ignatova. (if she's still alive)
  19. The_Krakenite

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

    All you need to do is get caught in a liquidity crisis once, and you'll wise up pretty quick after the fact.
  20. The_Krakenite

    El Salvador, the failed Bitcoin experience

    Canada already has a Bitcoin machine at every street corner. The problem is, when Trudeau doesn't like you criticizing him or his policies, he can (and does) invoke 'emergency measure acts' and force the off-ramps from honouring any movement. Now Europe wants to do the same. We are copying...
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