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  1. The_Krakenite

    Is the crypto winter over?

    Damn, Solana is in fire. Despite all its problems, she's trying to break out into a rocket ship. Now I almost regret not trying to buy more JOKE coins while they were on the fire-sale. I simply purchased a bakers-dozen months ago so I could say that at one time in history I bought some. Haha...
  2. The_Krakenite

    Genesis' Crypto Lending Businesses Files for Bankruptcy Protection

    Bitcoin isn't going down today because the average boomer only now just read that the Ethereum Merge event was a complete success. So... crypto goes up!!! Give it 6 more months, and then the news of this bankruptcy with Genesis will finally go around the boomer generation, and they will...
  3. The_Krakenite

    The Silbert Diaries: Even billionaires can lose it all

    Silbert may go down in history as the guy who wrekt Grayscale :sneaky: All those who are levering up LONG positions in crypto again right now... I fear this will not end very well. The market always tends to move in the direction that brings the most pain.
  4. The_Krakenite

    Thiel’s fund wound down 8-year bitcoin bet before market crash

    He knew FTX was going to collapse, not because he has a crystal ball like Pelosi, but because he is just that super smart. This was not due to any random back swan events in crypto. But because he clearly saw into the future and timed it perfectly. :D
  5. The_Krakenite

    What are you presently reading?

    Finished a couple more... TAKE YOUR MONEY AND RUN! The true story of how one Canadian, tired of exorbitant taxes, withdrew his money and RRSP's, left Canada, and now lives tax-free happily ever after ...legally. By Alex Doulis ★★★ I very much enjoyed this book. Having read a previous book by...
  6. The_Krakenite

    U.S. to announce international cryptocurrency action

    At the way inflation has been rising, we will hit 100K very soon. Even your bus-tickets to work will be 100K. Despite Canada did NOT lower interest rates to zero, and we are far ahead of the curve than the US in attempting to mitigate this problem, core inflation has NOT gone down. People in...
  7. The_Krakenite

    Zoo-coins Shenanigans (continued)

    For entertainment...the update in this saga...
  8. The_Krakenite

    ARKK (barkk?)

  9. The_Krakenite

    Finally, an economic predictor we can believe in

    There is only one thing I can believe in, when it comes to miracles:
  10. The_Krakenite

    MakerDAO voting to limit DAI exposure to Gemini amid insolvency fears

    Yup, we're getting closer to that chapter 11... the vultures are circling in the air. https://www.theblock.co/post/203307/makerdao-voting-to-limit-dai-exposure-to-gemini-amid-insolvency-fears?utm_source=rss&utm_medium=rss
  11. The_Krakenite

    U.S. to announce international cryptocurrency action

    The worry, is how will Tether disappear. If this can be a slow controlled method...then there in theory could be a soft-landing. But realistically, you know and I know that this will 99% of the time end with a catalytic run-on-the-bank, as has occurred so many other times in these schemes. For...
  12. The_Krakenite

    Is the crypto winter over?

    This morning I bought a little bit more of BIGG - Digital Assets Inc with some dividends that came in over-night, and will call it a day for the rest of the month (knock on wood). If something catastrophic happens within 30 days, then I MAY pounce going LONG. I'm actually hoping for that to...
  13. The_Krakenite

    U.S. to announce international cryptocurrency action

    Markets are still so ridiculously over-priced right now considering bankruptcy lawyers are already buzzing around Genesis the last few days. What do you think is going to happen? They are just there to do some sight-seeing of the landscape? Yet... markets are acting like this is bullish the...
  14. The_Krakenite

    Is the crypto winter over?

    Seems no one mentioned yet today that DCG announced the news that all dividends are as of now suspended - indefinitely. Well, they didn't quite word it like that, it's worded as... until further notice. Now, you know and I know what that always means. More bad news to follow on the contagion...
  15. The_Krakenite

    Is the crypto winter over?

    Oh, come come now... easily fixable. We had this not too long ago with the LME - London Metals Exchange. Remember that huge player who was about to get margin called after a bad bet gone wrong? They simply reversed the transactions and turned the little guys who made money into liquidations, and...
  16. The_Krakenite

    Is the crypto winter over?

    I refuse to trade crypto derivatives anymore after the realization of how manipulated it is. No way to predict the black swans in the current environment (too many unethical institutions got involved), so good luck for now guys. I'm sticking to my old plan, going LONG on equities. That said, I...
  17. The_Krakenite

    Estimated Fee variance for larger block order sizes

    I've noticed a lot recently when it comes to the cheaper penny stocks and I put in orders for a block or more in numbers, I tend to get a range of estimated fees. Often the preview will say something like $5-$25. I am assuming this is because IBKR can't predict how many times it may take to...
  18. The_Krakenite

    Is the crypto winter over?

    Oh wow, you mean back when we still had 2400 BAUD as high-speed? :) CONNECT 2400 HIT ESC TWICE TO CONTINUE!! Welcome to EliteTrader BBS! Were you also one of the first users of Enron Online back in the day? Apparently, it was one of the few half-legit businesses they had.
  19. The_Krakenite

    BOOM!!

    Canadian markets are open today, even though US are not. Also, it's the middle of the month, meaning almost all Canadian REITs pay out... so get prepared for some more purchasing very soon.
  20. The_Krakenite

    When will all crypto collapse?

    How would that change anything? US dollar is a Ponzi, everyone knows it. Yet... you probably still have the worthless paper tucked away somewhere. :sneaky:
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