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  1. The_Krakenite

    If you think the Fed will stop hiking, look at Bitcoin

    Sure, those who aped in on the top, and then sold at the bottom to crystalize their losses. Because... reasons. This is what a lot of those LATE to the party always do. Doesn't matter what generation... we saw it in trains, 1929, 2000, 2007.... Those who held onto their blue-chips after 2000...
  2. The_Krakenite

    Binance Sees $2 Billion in Outflows as Troubles Compound

    Gold is always manipulated... and silver squeezes are nothing new.... Now I wonder, what market isn't manipulated? I would be tempted to say the BOND market, but even the Fed manipulates that too!
  3. The_Krakenite

    Do Kwon Arrested in Montenegro as U.S. Charges Crypto Fugitive With Fraud

    Well now. Mr. Hwang was a devoted member of the Christian faith. He even went to church! So what if he has been charged with insider trading and other shenanigans MULTIPLE TIMES! Surely, he is a member of God's chosen people. This was above the law because he was all doing it... somehow... for...
  4. The_Krakenite

    Deribit Becomes Unavailable to Canadian Residents

    Yes, I am in Ontario. Anything to do with Binance was also banned here. The expectation was then that Binance was going to buy out BitBuy or CoinBurry in order to get their license through a shell-company. But then WonderFi bought them both out first. Then it was expected Binance would come...
  5. The_Krakenite

    Deribit Becomes Unavailable to Canadian Residents

    I'm not so sure that Bitstamp was supposed to be Canadian friendly to begin with (unless they relaxed very recently?). So these letters are hardly surprising.
  6. The_Krakenite

    The recent bank bailouts —

    There is a new breed of woke risk-managers that are now entering the work-force from the Millennial generation. As can be seen from these geniuses at Alameda... very little of risk-managing had anything to do with math, or even RISK. Why should bank risk-management be any different than for...
  7. The_Krakenite

    What are you presently reading?

    I have not posted here in weeks with updates because I branched off into other subjects... but there are a number of financial books I am slowly getting through. One I started tonight and can't seem to want to put down:
  8. The_Krakenite

    Canadian Crypto King's assets seized

    Oh... another 'genius' millennial.
  9. The_Krakenite

    NFTs, the next wave of stupidity

    It's the same stupid thing with gold-bugs. So the pirate got punked by trying to move his Gold, and his ship sunk to the bottom of the sea. So his gold is lost forever? So how is gold helpful again? I remember going over these details back when the Spanish Armada was trolling around England...
  10. The_Krakenite

    Can US i inflation come down to under current Fed inflation policy?

    Here's a historical suggestion. Do to Ukraine what the Western Allies did with Germany. Cut Ukraine in half right down the middle. Then spend many decades with the Western world on one side of the Iron Wall, facing the Rooskies on the other side of the Iron Wall. All our weapons keep pointed at...
  11. The_Krakenite

    The US Debt Clock....

    https://www.usdebtclock.org/ One very interesting thing to note:
  12. The_Krakenite

    how is crypto going to respond to the end of the QE era?

    Who needs crypto, when we now have 'unlimited' FDIC insurance :)
  13. The_Krakenite

    Is the crypto winter over?

    Watch out for some black swans. I'm finding myself agreeing too much with O'Leary on a number of topics for once; it's actually starting to get creepy. This makes me feel like there is something very bad about to happen any second...
  14. The_Krakenite

    Finance YouTubers who promoted FTX have now been handed a $1billion lawsuit

    Oh that reminds me-- The Motley Fool issues new ultra-rare ALL IN BUY ALERT! Subscribe now!
  15. The_Krakenite

    Deribit Becomes Unavailable to Canadian Residents

    You may have been grandfathered in, or had a new team-member who didn't properly follow the KYC rules for who was acceptable, etc. We could come up with theories all night. In any case, it doesn't matter now. You're the only Canadian I know who managed to get an account there for trading...
  16. The_Krakenite

    Finance YouTubers who promoted FTX have now been handed a $1billion lawsuit

    That is a serious mistake. You could time the crashes pretty well in Meta, etc. simply by watching the hype-meter in millennial guru-channels.
  17. The_Krakenite

    They got Kwonzi

    Well that was pretty quick. Obviously, he is no Ruja Ignatova...
  18. The_Krakenite

    Deribit Becomes Unavailable to Canadian Residents

    I am confused here. Canadians were never supposed to be allowed to use Deribit in the first place as I recall. Kinda like, how Canadians were not supposed to use BitFinex, until it became 'official & in your face by force'. You can always just go through the Montreal Derivatives Exchange and...
  19. The_Krakenite

    Cathie Wood Finds Silver Lining After $2 Billion Loss

    https://www.zerohedge.com/markets/cathie-wood-finds-silver-lining-after-2-billion-loss
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