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  1. The_Krakenite

    Red Flags Or False Alarm: Where’s The Recession?

    We live in a new paradigm of wokeness. Science and facts don't matter. They are outdated and oppressive things of nature. Don't want to be born a cis-male? NO worries, you are now a female, regardless of science, facts, or figures. Don't want to be a cis-female, no worries, try being a...
  2. The_Krakenite

    Relative Strength: Banks Stocks

    I am long blue-chip cryptos and blue-chip banks. Regardless of what happens, I am hedged.
  3. The_Krakenite

    Charlie Javice, 30 Y.O Founder Accused Of Fraud

    Ok, so a young & dumb girl who is a fraudster, is trying to lay blame on a multi-billionare because he got duped by this fraudster or something? I'm confused. And come to think of it, I haven't even heard of this girl...
  4. The_Krakenite

    Old, dusty ETH wallet holds 400 MM

    I am confused. How is Vitalik a 'sucker'? Especially since people gift him so many NFTs every year?
  5. The_Krakenite

    Is the crypto winter over?

    That is not quite correct. It used to be the middle class could purchase a house after only TWO years of work. A car could be purchased after only a month. There is a good reason why the average household used to have TWO cards, despite only one parent used to go to work (and had to pay for...
  6. The_Krakenite

    Is the crypto winter over?

    The US already defaulted on its gold obligations in 71. This is why the 50s & 60s were the last of the era where one in the working-class could work hard and make a rich life for themselves. Now you're taxed to death and drowning in inflation ever since, while job wages have not increased. The...
  7. The_Krakenite

    Warren Buffett slams "disgusting" money manager behavior in annual letter

    Maybe... Soros may be an old fogie, but even he has recently warmed up to buying into the Bitcoin mining industry. On the other hand, he was very slow into the dot-com bubble as well, and he finally blinked right as the shit was about to fall through the floor. Pretty much bought into it at the...
  8. The_Krakenite

    My story on a narrow escape from FTX. Could have escaped 100% but didn't ...

    Maybe he is honest when he claims to not be very smart... Maybe his insanity plea will work. Or, just wait for Michael Lewis' book to finally come out. This is actually the first book by him I am waiting on BEFORE he has completed writing it.
  9. The_Krakenite

    Sam Bankman-Fried faces four new charges (more woke drama)

    That's kinda what happened to Peter Schiff... Now he's stuck trying to peddle Boomer gold, when if he had only purchased 1% of his portfolio in BTC when he started the anti-BTC rants he'd have retuned many times over the value of his entire portfolio. Doh!
  10. The_Krakenite

    Sam Bankman-Fried faces four new charges (more woke drama)

    Doh! From bad to worse...
  11. The_Krakenite

    US authorities against sale of insolvent cryptobank Voyager to Binance

    I'm actually glad Voyager went down. They did risky business, and got what was coming. Isn't this how capitalism is supposed to work? People been relying on tax-payer bailouts for stupid decisions far too long. Besides, their collapse helped to cheapen the price of other crypto equities that...
  12. The_Krakenite

    Coinbase loses 600 million in the last quarter

    Staking makes up ~11% income for COIN, and it's still a hugely losing company. And yes, the fact the CEO likes to dump shares to buy expensive things for himself, is why I am not LONG on CoinBase. In any case, don't you worry. He'll come out VERY SOON, and change his narrative yet again...
  13. The_Krakenite

    Soros bets on Bitcoin

    I'm surprised this hasn't got more attention in the news the last few days. I know he's one of the most hated billionaires (especially in England), but his bets are interesting. https://seekingalpha.com/article/4579185-george-soros-revives-investor-interest-marathon-digital
  14. The_Krakenite

    Outlook 2023 – Crypto Regulation Gets Serious

    I was looking at my IBKR account yesterday on the high yield I've been getting for them loaning out my crypto ETFs. They specifically mentioned that I am still FDIC insured if anything goes bad during the loan. Interestingly enough, I've been approaching to even up over 35% interest for...
  15. The_Krakenite

    LUNA LUNC USTC Poised to breakout (LUNA $25 coming soon)

    That is one of the grossest understatements I've seen since last year. So your conclusion revolves around 'technical' analysis, such as MacD gimmicks, which is one step next to trying to read tea-leaves in order to make a sound prediction into the future. Also, your words of 'may' and...
  16. The_Krakenite

    The IPO's Of REIT's (2021-2022)

    There were a lot of IPOs of EVERYTHING the last couple years. Even stupid SPACs made a silly return, despite we all knew they were bad (except for millennials who thought they knew-it-all). That said, the large amount of debt that REITs hold is wrecking them now that the easy-days of cheap...
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