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  1. The_Krakenite

    Crypto Macro Trends for 2022

    I'm not so sure on that. It's only American citizens that will be locked out of OTHER coins. The rest of the 'free world' will be able to continue arbitrage and market-price-discovery will force a lot of selling of over-valued BTC to buy other coins.
  2. The_Krakenite

    Tether makes 1.4BB in Q1, 2.4BB excess reserves, financial attestation from BDO

    No. The market doesn't trust USDC because it is a product by CoinBase, which has been alluded for for a while now that Gensler would go after (not just the creator of USDC itself). But the whole package... And it's looking like those fears are quite correct. Coinbase created USDC with CENTRE...
  3. The_Krakenite

    Tether makes 1.4BB in Q1, 2.4BB excess reserves, financial attestation from BDO

    The question isn't "if", it's "when"...
  4. The_Krakenite

    Crypto Macro Trends for 2022

    The irony is that the IV on the PUTs for COIN leaps hasn't even changed from where it was weeks pre-lawsuit. So again, looks like the market priced that in close enough, at least for the longer-dated PUTs. The odd thing, is that BTC should be spiking now, as it's the old safehaven when the...
  5. The_Krakenite

    Is the crypto winter over?

    It is said, that every nation gets the leader(s) it deserves. So... don't get upset :sneaky: Really, the blue-chips spilt a little blood is all. For those who bought the shitcoins, this is what happens (and much worse). So there is no point crying. On the flip side, if you are outside of the...
  6. The_Krakenite

    Hedge Funds at War for Top Traders Dangle $120 Million Payouts; Paid sabbaticals, huge signing bonus

    Sometimes I am shocked at the cluelessness of some of the world's most famous hedge fund traders: "Uhm, I don't know." -- Kyle Davies And that is from a ForEx trader?
  7. The_Krakenite

    Crypto’s Quiet Gains: Ownership Climbs Despite Crash in Prices

    Already doubled down last night. Seems I spent quite a bit of dividends also on Friday buying BTC ETFs again.
  8. The_Krakenite

    Did anyone short sell a regional bank and get burned today?

    To be honest, The Great Financial Crisis is not even over. We only kicked the can down the road with never-ending QE rescues (which were PROMISED to be a one-time only event)! The problems that Greece caused is not even over... and that's after sucking down all of Europe to bail its greedy...
  9. The_Krakenite

    Is the crypto winter over?

    I've never been any sort of GOLD BUG, and as much as I'm not too crazy of being a BTC BUG either, this week I have realized there is another HUGE moat when it comes to BTC. Basically Gensler seems to be pro BTC in many ways, even though most Americans are acting terrified over the SEC right now...
  10. The_Krakenite

    ARK buys 21.6 MM Coinbase shares

    I knew ARK would double down and even mentioned this on this same forum when I shorted PUT LEAPs on Coin weeks ago. Cathie is my Greenspan-PUT in this case...
  11. The_Krakenite

    Crypto’s Quiet Gains: Ownership Climbs Despite Crash in Prices

    I'm debating on doubling down on ADA while Gensler gave us this small discount gift.... Or... wait and hope for a bigger dip :sneaky:
  12. The_Krakenite

    Russians Are Charged in Crypto-Theft in Hack of Mt. Gox Exchange

    That's two more Russians that are going to suspiciously fall through a window soon... Funny how that happens so much these days!
  13. The_Krakenite

    Crypto Macro Trends for 2022

    To further add, I was wondering how long it would take HOOD to either get a Wells notice, or de-list their crypto in a panic. In any case, what difference does it make now? If it was a crime now, then they clearly committed a crime. It doesn't matter if the US is acting like the Spanish...
  14. The_Krakenite

    Crypto Macro Trends for 2022

    Canadian regulated exchanges allow staking of Solana & Cardano. They are government approved, licensed, and there is no intention to revoke this. What the US does to hurt itself, is ok with us. We're used to looking south and noticing America is too stupid to even switch to the metric system...
  15. The_Krakenite

    Mystery Bet Before SEC Crypto Crackdown May Mint Trader Millions

    The funny thing, is I had just shorted the 55-PUT before that... and I knew the SEC was coming. Now I'm ITM but have all the way until almost 2026 to recover. As long as CoinBase still exists by then, I'm not too worried. :sneaky: It's too bad all the paper-hands mostly left the scene after...
  16. The_Krakenite

    Is the crypto winter over?

    Thank goodness for this bad news. I was hoping to take advantage of at least one more panic-sell, but Ethereum refuses to budge downward. Damn thing just keeps climbing up higher. Looks like the markets already had both lawsuits priced in. Though, not so much for Binance. BNB token is selling...
  17. The_Krakenite

    SEC Sues Coinbase, Alleges It Is Unregistered Broker-Dealer

    It could be worse, they could have decided to nationalize CoinBase. That, probably is coming someday soon in America. And along those lines, one day, the price of BTC will not be determined by supply & demand nor by market discovery. It will be set by the government and the price will be...
  18. The_Krakenite

    Litigation against Binance

    Some fun-facts that the public isn't aware about. The SEC has been running into a lot of bad luck lately, (and getting desperate). Their case against XRP has been turning into a very long, and drawn out disaster. It was a situation that everyone was expecting the SEC to just steam-roll over the...
  19. The_Krakenite

    SEC Sues Coinbase, Alleges It Is Unregistered Broker-Dealer

    AI is the final straw that may make all exchanges DEXes in the very near future. Reason being as KYC will be fully automated. It is the KYC requirement that CEXes are still around. They won't be able to compete when another org is doing the very same services for basically free. This means...
  20. The_Krakenite

    Is the crypto winter over?

    Sitting tight... no need to baton the hatches any time yet. Ship isn't going down (but I wish the market would panic again)... I see some bears came out again from under the rock they were hiding and tried to start up their whole prophecy of 'this time it's different' again... Hopefully...
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