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  1. The_Krakenite

    Stop looking at “ goods inflation” and oil

    IIRC the house changed the rules so that more margin was required for Silver. This is where the Hunts and their Arab friends got fucked and the death-spiral of perpetual margin-calls came in. As Niederhoffer often says, the house always wins. Don't bet against the house. Cornering the market is...
  2. The_Krakenite

    Any stats on cryptocurrency being used for non-investment?

    Not sure about the fees, since I never used them, but they've been around for many years here. Bitcoin Well has been since 2014, and are the second largest Bitcoin ATM operator in Canada (I think). I've been taking a closer look at their investor relations page tonight...
  3. The_Krakenite

    Any stats on cryptocurrency being used for non-investment?

    It seems in Ontario alone there are almost 1,400 registered Bitcoin ATMs. I also have noticed job adverts locally looking to hire more people to maintain them. It seems vendors like them. https://coinatmradar.com/state/55/bitcoin-atm-ontario/
  4. The_Krakenite

    Bonk Price Prediction as Latest Memecoin BONK Blasts Up 2000% in 5 Days – Is This the Next Shiba Inu

    Good question. Regulated brokers in Canada will give you 4.24% to 4.5% yield on ETH and Sol. Any higher, and they are doing something (interesting) that regulators won't give them a license for.
  5. The_Krakenite

    Crypto Exchange Binance is not likely to fail

    US authorities request information from hedge funds about Binance: WaPo https://www.theblock.co/post/199980/us-authorities-request-information-from-hedge-funds-about-binance-wapo?utm_source=rss&utm_medium=rss
  6. The_Krakenite

    Blackrock adds Bitcoin to their $15TR Global Allocation Fund, trillions of $ to flow into the market

    I am not very happy with any bullish news to be honest. During our current recession/depression my goal is to keep DCA into regulated Canadian exchanges. Bullish news is the exact opposite of what I want this year. I definitely wouldn't mind another round of Ackman crying on CNBC again about...
  7. The_Krakenite

    Any stats on cryptocurrency being used for non-investment?

    I just realized now, that my Canadian subscriptions for digital content all have options to pay with crypto. I don't do it personally, because technically it's an extra step right now for me with reporting every stupid little thing with the CRA. Everyone here likes to sign up for crypto-credit...
  8. The_Krakenite

    Any stats on cryptocurrency being used for non-investment?

    The US is very backwards in crypto, but what do you expect from a backward nation that hasn't even updated to the metric system yet like the rest of the world? :sneaky: Part of the 3AC and other disasters lately is because no spot-ETFs are legal in the US. Yes, even after all this time they...
  9. The_Krakenite

    Any stats on cryptocurrency being used for non-investment?

    I don't go out much since covid first hit, but here in Ottawa there are a bunch of fast-food stores that will accept crypto payments. There are Bitcoin ATMs throughout the whole province, and they've been here for many years. I never bothered to use them once, as I prefer to use a regulated...
  10. The_Krakenite

    Crypto Lender Genesis Considers Bankruptcy, Lays Off 30% of Staff

    Going by historical records, Barry Silbert will be ok as long as he has never been on the front cover of Forbes.
  11. The_Krakenite

    Blackrock adds Bitcoin to their $15TR Global Allocation Fund, trillions of $ to flow into the market

    If BR tries to corner the market it will end very badly for them. It will be similar to the Hunt brothers. Don't be surprised if the 'great revolt' by retailers happens, and the old BTC is forked for a new in a great re-set if you push too hard. Only this time, those holding the old BTC wont be...
  12. The_Krakenite

    Blackrock adds Bitcoin to their $15TR Global Allocation Fund, trillions of $ to flow into the market

    So Blackrock pushed and pushed ESG, but now are swinging anti-woke? I bet they still will keep pushing the ESG bubble for profits though.
  13. The_Krakenite

    FTX Sinkhole: Is Silvergate Capital Next?

    BOOM! NEWS Crypto winter unrivaled as Digital Currency Group forced to shut down HQ https://ambcrypto.com/crypto-winter-unrivaled-as-digital-currency-group-forced-to-shut-down-hq/
  14. The_Krakenite

    FTX Sinkhole: Is Silvergate Capital Next?

    ARKK took yet another hit because of this- she sold out. Now, that would be a case of Murphy's Law if it bounces... I mean, if Cathy even sells... you know shit's getting bad. LOL Today I bought a tiny bit more of BIGG - Digital Assets Inc. And filled the rest of my TFSA with Apartment REITs...
  15. The_Krakenite

    MicroStrategy sold a portion of their Bitcoin realizing a loss

    No one is masking anything. Everyone, from retail to institutions are encouraged to do tax-loss harvesting at that particular point in the year. Even in countries that do NOT treat BTC as property it is advantageous. This also is a valid strategy in bull markets as well. Many investors come...
  16. The_Krakenite

    MicroStrategy sold a portion of their Bitcoin realizing a loss

    You are confusing us again. o_O BTC in America is treated as property, so tax-loss harvesting makes lots of sense for those who are going long. :caution: He actually accumulated even MORE Bitcoins in Dec, at a time that the bears here were saying he was going to sell out. You don't need to be...
  17. The_Krakenite

    Cathie Wood is the face of the Nasdaq implosion

    I guess she is not happy with SBF lately...
  18. The_Krakenite

    Attack of the 50 Foot Blockchain Attack of the 50 Foot Blockchain

    I read that book a while ago. It was ok IIRC, but it's getting tiring hearing over and over all these years of the bubble. That's a very unusual bubble to last almost two decades now... and always re-hits higher highs after so called bubble experts jump up and down and yell SEE I TOLD YOU... "I...
  19. The_Krakenite

    Bonk Price Prediction as Latest Memecoin BONK Blasts Up 2000% in 5 Days – Is This the Next Shiba Inu

    Bonk sounds too close to 'Dink-Doink' Remember that? First thing I thought of.
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