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  1. The_Krakenite

    Bitcoin Price Thread

    That reminds me of Andre Jik, on Youtube. I think every single one of his paid promoters ended up going bust... and he cost his followers nothing but losses. From Celsius to FTX and every other bloke in between. He's still making vids on his main channel and shows off some card tricks to pimp...
  2. The_Krakenite

    This is why you need bitcoin...

    Well, you know what else the retail investor doesn't need? HF-trading! Why make a few people rich, only to cause socialized losses when it blows up?
  3. The_Krakenite

    Russia's bitcoin-mining industry is booming through war and sanctions

    \ Thanks Biden. YOU did that! https://ca.finance.yahoo.com/news/russias-bitcoin-mining-industry-booming-121501603.html
  4. The_Krakenite

    What are you presently reading?

    I visit a lot of thrift stores and go right to the business section where the books are sold. Most I purchase at Savers/Value Village (ticker: SVV) Right now, I finished the 101 Option Trading Secrets. Funny, I did not really feel I learned any secrets :( But, some of it was an interesting...
  5. The_Krakenite

    Post for @RedDuke on USDT funny business

    I believe this is wishful thinking. As has been pointed out many times already on this issue. It is not a question of if, but when the cracks show. Seems to be a lot of SeaGate fans around still thinking they can GET OUT of the sub in time when the first crack signal appears. We've seen how...
  6. The_Krakenite

    What are you presently reading?

    To update you on the Financial Times 'Options' book I posted earlier, I was quite surprised to learn a few things, and it was a very good recap for me. Lenny Jordan was a market-maker for both the CBOT and LIFFE, as well as a trader at other places, so he does seem to know his shit. And now, I...
  7. The_Krakenite

    Missing Crypto Millionaire, 41, Found by Children Dead and Dismembered in Suitcase in Argentina

    That story sounds quite familiar to what they did to some of the OneCoin scammers. Also, King Crypto almost ended up in the same fate... very close:
  8. The_Krakenite

    Winklevoss Twins Gamify Overseas Derivatives Trading Platform to Boost Demand;

    Didn't HOOD get into hot water and penalties for this sort of thing? It may come to bite them later...
  9. The_Krakenite

    Bud Light FIRES Marketing Department & HUNDREDS More

    Of course, it is due to the ongoing Boycott.
  10. The_Krakenite

    Cash Secured Puts

    Unless I'm overly complicating things, you are asking overly-simple questions on stock that is priced at $400. So you will have to pay up $40K per contract! Since you haven't done anything similar before, I highly suggest you do a few options trades on penny stocks first or something... for a...
  11. The_Krakenite

    This is why you need bitcoin...

    > Stalin alone accounts for up to 60 million. And yes I hate Stalin's government. Don't worry. The fact that the Western world is pushing tanks that still bear the Iron Cross on them so close to the Russian border, has Stalin turning over in his grave. I guess it's true, the West has always...
  12. The_Krakenite

    This is why you need bitcoin...

    To be fair, that's not what the CEO of Coke said. They said we "Need to be less white"... along with numerous other indications that anything being born white is evil and negative. But... truth be told, he didn't say "Don't be.." Just "Be less.." that color. LOL. Just imagine the outrage if...
  13. The_Krakenite

    Options Trader Bets $40 Million That Meta (META) Share Price Will Almost Double

    Shit! That was me, but I did it on Bitcoin.
  14. The_Krakenite

    Does Option chain pricing, open interest and others can hint about direction of market ?

    What you are looking for, is to view the PUT/CALL ratios. Or CALL/PUT ratios. At one time, odd-lots was another thing a lot of traders used to swear by, but it's fallen slightly out of fashion. The theory is, only dumb-retail will go for odd-lots, and statistically, they lose out to the...
  15. The_Krakenite

    RIOT sucks -- prove me wrong

    Interesting article at SeekingAlpha https://seekingalpha.com/article/4619136-riot-platforms-my-levered-btc-bet
  16. The_Krakenite

    Bitcoin Price Thread

    They voted for Trudeau... I think you have too much faith. That aside, Canada is one of the most crypto-positive nations (for now). This is one of the reasons I bought ownership of BitFarms Inc. For the most part, I am very negative toward bit-coin miners, but if you're going to diversify...
  17. The_Krakenite

    Bitcoin Price Thread

    In Saylors's defence, Bitcoin is either going infinite, or to zero. It seems there could be some truth to that. In any event, using that concept, I would assume for derivatives traders, going LONG a Straddle will profit in either outcome :) The bears keep insisting it will hit zero any day now...
  18. The_Krakenite

    Bitcoin Booster for Commander in Chief

    The same can be said for a world-reserve currency that isn't even worth the paper it is printed on. :sneaky:
  19. The_Krakenite

    Dusting off my LEAPs again...

    Friday, July 21: 0-DTE for my Sonos contracts. I took a couple of screen shots 10 minutes before market close. Despite Sono took another small hit today, we are still over a tick above the closest strike. This is one of those cases where I actually couldn't care less if we were on pin-risk or...
  20. The_Krakenite

    US SEC accepts six spot bitcoin ETF proposals for review

    Don't worry about it... America has one last card up its sleeve. They can try to do the same thing Greece politicians did. When you can't afford your debt interest payments anymore... just find another gullible liberal-apologist sucker like the European Union, and unload all of your problems on...
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