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  1. The_Krakenite

    Interesting post on increasing SHA256 mining efficiency

    I don't understand how this is going to increase profits. Unless you're referring to a quick one-time event. There already are too many mining companies running at negative cashflows in this space, and that's even after a number went bust due to the post-merge apocalypse. All this will do is...
  2. The_Krakenite

    Elon got rid of Spacex's Bitcoins

    BNB is just under $216 this morning. I don't see any apocalypse.
  3. The_Krakenite

    Bitcoin Price Thread

    Yes, that is often a keyword in financial statements. So much so, there is always a warning buried in there regarding these forward-looking statements. lol
  4. The_Krakenite

    Dusting off my LEAPs again...

    Friday: Aug 18 Big dip in the crypto markets last night. Unfortunately, I missed great entry prices because I had a very long drive home. (Never seems to fail!) I set up a bunch of trades today hoping for good fills and to catch someone needing to cross the spreads on margin-calls...
  5. The_Krakenite

    PayPal launches dollar-backed stablecoin, boosting shares

    That's the whole point! For those who want a time-out stables let them rotate into a specific fiat without having to use ramps.
  6. The_Krakenite

    Elon got rid of Spacex's Bitcoins

    I just threw in another $500 after-hours and bought some more blue-chip cryptos, and my first ever buy in Polygon. :sneaky: Hoping for a deep blood-bath tomorrow, so I can get more once the equities market opens at 9:30 am From what I have found out, a lot of people are selling crypto to go to...
  7. The_Krakenite

    Burry's QQQ/SPY Puts

    I'm surprised to not see much debate recently regarding Scion's $890M of Spy and $740M of QQQ puts. Sure, they were purchased well over a month or so, but still IIRC he's still in those positions despite the word is finally out now. This is over 90% of their portfolio.
  8. The_Krakenite

    "CNBC Investing Club" with Cramer - Anyone subscribe to it?

    That Bear Sterns would have been one hell of an amazing short. But... we wouldn't want to be silly, would we? Don't be silly!
  9. The_Krakenite

    Economic success-choose hard work NOT victim hood

    Do we all think that the white slaves working 16-hour shifts in the industrial age were not victims? I wish some people could study Britain's working slums not too long ago... but for some reason that's been cancel-cultured, I guess. No one seems to care about 'those' slaves.
  10. The_Krakenite

    Only 16% of Californians Can Afford to Buy a Home

    There is some truth to what you say TheDawn, and something that has been debated since the ancient Greeks in Athens. This is one reason why dictatorships actually have some valid positives, though naturally, no politician in the West wants to admit that.
  11. The_Krakenite

    SBF jailed

    There is a big liberal uprising now to remove Roberts from prison, because he is a 'liberal' hero. You know, trafficking children, facilitating hit-contracts, aiding cocaine deals, etc. All such great stuff in the liberal world. But now that it's all being de-criminalized in places such as woke...
  12. The_Krakenite

    Only 16% of Californians Can Afford to Buy a Home

    As for the Canadian Liberal Government, when the prime minister is not wasting his time taking selfies of himself, he's fucking the Canadian working class. And when he's not fucking the working class, it's only because he's too busy at that moment fucking members of the government 'behind' his...
  13. The_Krakenite

    Only 16% of Californians Can Afford to Buy a Home

    Even in Libertard Canada, I can't believe the crazy news from California I see on a daily basis. At first, I thought these woke laws had to be a 'joke'. An exaggeration, it had to be hyperbole, even the idiotic American government couldn't be this woke. Such a dystopian society can't possibly...
  14. The_Krakenite

    PayPal launches dollar-backed stablecoin, boosting shares

    I'd have to look to confirm, but I've been told Cathy did a 180 on Paypal due to CashApp, and the pulling of her funds is a big part of PayPal's drop. There is some interesting premium on PayPal short-puts if you are a believer in LEAPs, but there already is so much competition in the FinTech...
  15. The_Krakenite

    SBF jailed

    Well thanks Captain Obvious. This crypto side of Elite Trader was obviously full of dying boomers who haven't listened to their radios in over 2-years and missed that. Now, are you really SURE SBF misused the client's funds? Hint: That wasn't what I was asking...
  16. The_Krakenite

    SBF jailed

    I have to ask... who cares? Seriously, so what? SBF let someone look over some love-letters from an X who in typical female-fashion of Wall Street, threw her man under the bus to save her own ass. Is that it? What is the big deal?
  17. The_Krakenite

    BREAKING : Coinbase Fires back at the SEC

    I guess it means I don't have to close out my short-PUT on Coinbase any time soon. And Chanos is having second thoughts on his straight-up short position. :caution:
  18. The_Krakenite

    Dusting off my LEAPs again...

    Thursday: Aug 10 What an action-pact week it has been for earnings. So here's the cliff-notes: I had been doing quite some research on ThredUp stock (TDUP). This is a main competitor to The RealReal (and often cited as competing with SVV). I decided to eventually wait for the earnings...
  19. The_Krakenite

    Is the crypto winter over?

    No alt coins here, aside from a few Solana as a (joke). Own a tiny bit of Cardano and just sitting on the sidelines while they stake. Most my bitcoin is all synthetic stocks on miners, with a tiny bit of equity ownership and 100 call LEAPs on BTC. But by far my long-time massive position is on...
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