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  1. The_Krakenite

    Michael Saylor’s MicroStrategy doubles down on Bitcoin-

    Yes, that is true. Though like many of us, we are just DCA into it a little at a time in the hopes that it may go down even more in the short term.
  2. The_Krakenite

    Michael Saylor’s MicroStrategy doubles down on Bitcoin-

    https://fortune.com/2022/06/29/michael-saylor-microstrategy-bitcoin/
  3. The_Krakenite

    Luxury watchmaker Breitling starts accepting Bitcoin for purchases

    Seriously? I love my Breitling, and they last for life. Always got a lot of looks by hot chicks (they seem to notice those things). And regarding the fluctuations, isn't it up to the company if they want to hold the BTC or convert it into fiat? If the company thinks they can gain more sales...
  4. The_Krakenite

    The FBI is getting into cryptos

    Well, they still have that manhunt for the crypto-queen after her OneCoin scam fell through. -- Hold the press! FBI updated some shit today. She's on the Top-10 wanted list at the moment:
  5. The_Krakenite

    Current Bear Market is Worst Ever Recorded, Report Shows

    IF - Is one of the most powerful words in trading/investing I don't have a Pelosi crystal-ball, so unfortunately I can not time markets or pull off other similar feats. IF there is a further decline, then that's fantastic. IF it doesn't further decline, then at least I lowered my basis. That...
  6. The_Krakenite

    Three Arrows defaults on 670 MM

    Arrows deserved it. Now that the tide goes out, everyone else can see who was swimming naked.
  7. The_Krakenite

    Current Bear Market is Worst Ever Recorded, Report Shows

    Last few days I had a limit-order set on BTC etfs, and I see I just missed getting in today's sale by a few pennies. I would have been able to come close to halving my adjusted cost base. Will see what I can grab tomorrow.
  8. The_Krakenite

    Current Bear Market is Worst Ever Recorded, Report Shows

    Funny thing about Nortel, the bubble was so great that the single stock alone made up for over 50% of the TSX index.
  9. The_Krakenite

    If BTC breaks through $20,000 next stop $10,000.........

    You seem to have forgot that BTC already flash-crashed down to the 17K level... and jumped up because your theory is bogus. Too many buyers at that level. If it ever goes to 10K, this will be due to the crashing equities which will be due to the rising interest rates. If the fed does the...
  10. The_Krakenite

    Current Bear Market is Worst Ever Recorded, Report Shows

    Key Insights: The first sign of a bear market is the decline in Bitcoin price below its 200-day moving average. Bitcoin is trading at less than half of the 200-day moving average level. Only 13.9% of all Bitcoin trading days have seen spot prices below unrealized prices...
  11. The_Krakenite

    More Crypto humor -- and nerve

    You told us many times Bitcoin was going to zero... I'm patiently waiting here my friend... No more predictions please unless you really mean them.
  12. The_Krakenite

    Three Arrows defaults on 670 MM

    If it were not for the bears that haven't even read the white-papers yet, then blue-chip cryptos would be even more expensive than they are now. Relax and take advantage in the fact that not everyone does their homework. Let the price-discovery process work its way out and enjoy the process.
  13. The_Krakenite

    Three Arrows defaults on 670 MM

    If you look through the trading statements, Cordier did in fact hedge his bets. What happened was the perfect storm where his hedges turned the opposite way at the same instant his NatGas strangles spiked.
  14. The_Krakenite

    Apple (Burry's SHORT vs Buffett's LONG)

    I always like Sven Carlin's videos, and book.
  15. The_Krakenite

    Three Arrows defaults on 670 MM

    First of all, 670 million is still close to garage-band status for any type of hedge fund. And I still remember when a million bucks actually was something. Alright, that right there shows these were a bunch of amateurs. Seriously? How the fuck did something that was fortold and EXPECTED to...
  16. The_Krakenite

    G7 To Ban Russian Gold Imports

    Christ, I'm expecting America to default first. They already did so on August 15th, 1971. As for catalysts, I would imagine in the binomial distribution somewhere, there is maybe a 5% chance a nuclear arm detonates at some point during the war. I think THAT may just cause a sudden shock to...
  17. The_Krakenite

    Sam Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood

    Umm... about those quarterly financial reports at HOOD...
  18. The_Krakenite

    Crypto Crash Survivors Could Become Tomorrow’s Amazons, Bank of England Says

    You have to take what Chanos says with a grain of salt (and that may be putting it lightly). He currently has massive short positions on COIN. What do you honestly expect he is going to say about crypto besides anything negative?
  19. The_Krakenite

    UK - gaining exposure to BTC in a SIPP?

    Yup, pretty much the way to lose your portfolio, death by a thousand cuts (slowly). I call penny stocks crack-for-low-rollers.
  20. The_Krakenite

    $100 million worth of crypto has been stolen in another major hack

    There may be some truth to what Maxinger says. It takes more brains and effort to learn how to code and decifer weak-points in crypto exchanges, etc. Any idiot can try to steal a car...
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