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  1. The_Krakenite

    What are you presently reading?

    I have been trying to get a chance for Antifragile. My current excuse is every time I try to get the audiobook from one of my local libraries, it errors-out. How do you like it so far?
  2. The_Krakenite

    Crypto Macro Trends for 2022

    Do you realize how many auto-mobiles are stolen every day? Do you realize how many fraudulent credit-card transactions there are every minute of the day? At this point, I think you're grasping at straws.
  3. The_Krakenite

    Mayday, Mayday. Voyager down...

    I believe BTC broke all the way down to 17K, a few weeks ago, but didn't last long with all the value-buyers rushing in. It looks like it will take a tremendous amount of selling pressure to fall through that. If Europe tries (and succeeds) in banning BTC again due to energy concerns, then...
  4. The_Krakenite

    Crypto Macro Trends for 2022

    Already loaded up on Ethereum ETFs during my lunch break today. If there is another 50% downswing (possible as we won't end our recession any time soon), I'll be even more happier. My job is recession proof, and people always need appraisers during hard times. One risk with the ETFs, is what if...
  5. The_Krakenite

    Crypto’s Free Rein May Be Coming to a Close

    Exchanges have to follow KYC just like banks, and everything is on a public ledger which makes it even more secure than FIAT system. This is why old cases are still being solved all the time. Even tumblers are not 100% fail-safe for hackers.
  6. The_Krakenite

    Natural Gas Soars 700%, Becoming Driving Force in the New Cold War

    Funny how the tide turns when the shoe is on the other foot... About them sanctions....
  7. The_Krakenite

    And another one...

    Kinda like the fed/gov saying everything is all A-Okay! Not going to have a recession. And yet, this all being said WHILE the US was in recession. And that inflation thing!
  8. The_Krakenite

    What does Q3 Hold?

    I believe you are confusing bulls with paper-hands. True crypto bulls were dreaming of a way to turn back the clock, and that dream came true. Paper-hands are only attracted when something goes ballistic, and as soon as it starts to revert they panic and run to what ever else they see that...
  9. The_Krakenite

    Russia Defaults On Foreign Debt

    Liberal government in power in Canada. Nothing too far-fetched anymore... or too unbelievable. The days of logic and reason went out the window long before cancel-culture and wokeness raised their ugly heads. Science is evil now, and mathematics is racist.
  10. The_Krakenite

    EU agrees to tame 'Wild West' with new crypto market rules

    One sample? We are talking about YEARS of performance here, and not ignoring a single draw-down. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it...
  11. The_Krakenite

    EU agrees to tame 'Wild West' with new crypto market rules

    Peter Lynch did very well with his 10-baggers by HODLing while going through market drawdowns. Yet, the average investor in the Magellan fund did very poorly and didn't even come close to his returns. Why? Because they were too busy trying to play trader and timing the market.
  12. The_Krakenite

    Trading BTC can beat HODL

    Sure it can be easy. Just leverage and use a Pelosi crystal ball.
  13. The_Krakenite

    EU agrees to tame 'Wild West' with new crypto market rules

    There's a famous saying by old man Bogle. "I don't even know anyone who knows anyone that can time the market." :sneaky:
  14. The_Krakenite

    EU agrees to tame 'Wild West' with new crypto market rules

    My theory is also that this may be a 2-year or so bear-market (and that's in a best-case scenario). Not expecting any sort of instant v-shaped recovery that the Fed is trying to claim. But a lot depends on what crazy/wacky problem the Fed decides to put its victims into next. Seems there is no...
  15. The_Krakenite

    Tesla TSLA has topped

    Because Tesla is one of those 'Cult' following stocks, it makes it extremely hard to predict. 'Interesting' is pretty much the only real word to use here. I'm personally getting ready to watch Apple's land-slide along with Dr. Burry.
  16. The_Krakenite

    Bitcoin Price Thread

    Neither am I.
  17. The_Krakenite

    The Boss of Central Banks Just Approved Bitcoin as a Reserve Asset.

    I am still hedged between CeFi and DeFi and will continue to do so. I also expect more traditional banking will continue to merge with DeFi, which is ok. During the current market sell-off, I will continue to grab more Canadian bank stocks while loading up on spot-ETFs. The rest of the time I...
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