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  1. The_Krakenite

    Psychic and crypto bagholder Michael Saylor says ETH and XRP are unregistered securities

    Pretty much everything on that list was what Youtube guru-millenials were pumping up as a sure-fire thing to investing, and has imploded like Cathy Wood's sinking ARK. Well, she owned a lot of that in the first place, no surprise there. Tesla seems to be the final nut in her fund that's now...
  2. The_Krakenite

    Another One Bites The Dust

    This was to be expected. Kraken is very cyclical, so know this before you go onboard. In another province here, they laid off a whole building when the 2017-18 bear market began to sweep in the crypto-winter. A friend of mine was pretty upset about it, but again.... that's the risk when you work...
  3. The_Krakenite

    The 5 year return of Bitcoin is ZERO today

    Very difficult for me to hold off from buying straight-up bluechips. But... I keep making moves to buy equities that HOLD crypto on their balance sheets. I was even going to buy into tokens.com, but since they sold off all their layer-2 tokens...and their assets of metaverse real estate have...
  4. The_Krakenite

    Boomer tech on fire-sale for Boomber coins!

    If you were wanting to buy an S19 Antminer and found them too expensive for your hobby before... then now's the time :) If you wait too long, BTC will most likely fork. At these prices (90% fire-sales), I'm debating on buying one just for a souvenir. Haha. Bitcoin ASIC miner prices hovering...
  5. The_Krakenite

    How obvious were the 2008 and 2000 crashes?

    Thanks. I'm off to tell Dalio now he's dumb for buying gold. It's a non-productive asset. I also am going to have to inform all the yield farmers, DAO company structures, Exchanges, Brokers, and every other income producing entity currently building in DeFi that they are really not a...
  6. The_Krakenite

    Decentralized Exchanges? Still can Lose!

    The primary reason I don't go too heavy into investing into traditional Boomer exchanges, is that they are already becoming obsolete and being replaced by DEXes. One argument that they will still be around longer than fiat banks, is that you still need to do KYC and therefor, traditional...
  7. The_Krakenite

    Bitcoin is now predicted to go to 10M within 10 years...

    Well, since you've now bumped up this ancient thread @virtusa, my two satoshis: I would not be surprised if OIL reaches 10M in ten years either. Take that as you wish.... :D
  8. The_Krakenite

    What are you presently reading?

    What we need, is a movie on this like The Big Short :fistbump: Looks like it's Monday already :( I got through a couple more books the last week: ANALYSIS of FINANCIAL STATEMENTS By Pamela Peterson Drake & Frank Fabozzi ★★★ A very decent book that I can not complain about. This one could very...
  9. The_Krakenite

    Seriously? SBF released on 250 million

    Don't over-do it though. We don't need any more Will Simp the Chimps in Hollywood (or anywhere else). I think the biggest thing Pharma Bro could have advised, is DON'T PISS OFF people in government. They'll come at you at a later time and fry you when they can. If you have a victory and win in...
  10. The_Krakenite

    Why The F$$$ no one asks AI who created Bitcoin?

    Hal Finney died back in 2015. I'm afraid he's not returning from the dead any time soon. You'll be waiting for a very long time to talk to the creator...
  11. The_Krakenite

    This is why you don't bet against Ethereum (ETH-Killers lol)

    2021 was the year that everyone was on the lookout for the next ETH-Killer. I couldn't spend a single day without hearing more about some new ETH Killer project. And for a while, many got fooled & duped by Solana as the definite ETH killer that was on the rise up (thanks to SBF's pumping). As...
  12. The_Krakenite

    What are you presently reading?

    Well, technically he wasn't trading from his mom's basement, he was actually upstairs in his bedroom. :D The flash-crash happened precisely at the moment he winded down some of his trades and went downstairs for 30 minutes to eat supper at the table. As soon as he was done, he went back...
  13. The_Krakenite

    Most dependable website/writer for....

    lol... I have some free service I signed up with for Zacks only because I'm an IBKR client, and had the option to. I figured since Peterfy's system is recommending Zacks to me, it can't be that terrible. But damn... they spam-post to me constantly asking me to sign up a hundred times a year for...
  14. The_Krakenite

    Scammers Scamming Scammers

    You know, it would be great to nominate the Fed if we could...
  15. The_Krakenite

    ...and the best performing crypto of the year 2022 was:

    There is quite some irony in that one. But to be fair, it did get slightly knocked off its peg when SBF and his GF ran the same scheme on it as they did against Luna. Only this time it was an all-or-nothing all-out go for broke attempt. They failed to break it to the point-of-no-return, so it...
  16. The_Krakenite

    Seriously? SBF released on 250 million

    To be fair, the courts have not proved SBF to be guilty (yet). And if we wish to get philosophical about this, even if the courts did find him GUILTY, they have often tended to be wrong on their conclusion, so it is no sure thing.
  17. The_Krakenite

    Seriously? SBF released on 250 million

    There is a lot of truth to this. Though, I'm not allowed to stay that without getting called a Nazi sympathizer, etc. I've also been called an Israeli sympathizer as well. I guess I just can't win, lol. The latest figures I read about 20 mins ago, is SBF's parents have 4 MM on the line with the...
  18. The_Krakenite

    Scammers Scamming Scammers

    That's like saying we should feel sorry for O'Leary because he lost 15 million dollars in FTX fall-out, and this is far more than his actual followers. FTX actually GAVE him that money just for being the poster-boy for FTX. That $ Jikh lost was actually FROM promoting FTX and the other failed...
  19. The_Krakenite

    Scammers Scamming Scammers

    It wasn't just ONE wrong horse. Jikh has an entire history of this. People went ape-shit for BlockFi because he kept pimping them in promotions. They lost everything. People went ape-shit for FTX when he kept promoting them too every silly video. Same outcome. Every year he goes on about how...
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