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  1. The_Krakenite

    Crypto is dead. Until it gets regulated.

    When places like Peregrine Financial go under... even because the CEO did outright fraud and stole millions in customer's funds, no one jumps up and down and screams that we should ban futures trading because... look what these commodity exchanges can do! Crooks! But as soon as you swap...
  2. The_Krakenite

    VISA will soon allow customers to pay with Ethereum

    The US still treats crypto as 'property', which does in fact make things very complicated in using Bitcoin as a 'currency'. If you're in a country like Germany, and hold onto crypto until long-term tax-rules click in, then there is no tax at all on the asset. If you have a lot of crypto, one...
  3. The_Krakenite

    Crypto is dead. Until it gets regulated.

    I avoided Luna, for one, it was a target. And sure enough, SBF was behind the run on Luna. If he didn't do it, someone else (or some other event) may have caused it just the same. In any case, seems SBF didn't realize how much devastation the Luna hit was going to cause. He kinda got himself...
  4. The_Krakenite

    Crypto-Mining Becoming A Dead Industry

    Thanks Captain obvious. But... this is old news by now :D
  5. The_Krakenite

    NFTs, the next wave of stupidity

    I remember when I was a weeeee little kid and the garbage pail kids trading cards came out. And there were parents complaining how they were going to corrupt all the kids. Then they made that really PoS terribad movie... and the fad instantly died overnight.
  6. The_Krakenite

    Crypto is dead. Until it gets regulated.

    Why in God's name would anyone (but a very stupid criminal) want to use Blockchain when their actions are permanently stored in the ledger? :confused: Your argument doesn't really make any sense. Unless you mean to imply that only a 'stupid' criminals would use it. Which in that case, isn't it...
  7. The_Krakenite

    What are you presently reading?

    I didn't give my weekend update yesterday. Here is the most interesting book I read: Flash Crash A Trading Savant, A Global Manhunt, and the Most Mysterious Market Crash in History By Liam Vaughan I really liked this book. Contrary to the original explanation of a hedge fund fucking-up its...
  8. The_Krakenite

    European Central Bank publishes scathing remarks on crypto meltdown

    Well, to be honest, considering the economic slavery the UK and France imposed on Germany after her surrender at the end of WWI, the hardships expected in the near future are still unlikely to be anywhere as bad as in the past (knock on wood). As for England though... well, she may end up...
  9. The_Krakenite

    More crypto pain ahead. CZ at Binance is a fraud. Who wants to bet?

    I already watched CoinBureau for the evening. That said, earlier at work this morning I purchased more equity into BIGG Digital Assets. I also filled another limit order on WonderFi. Got filled in just two phases for another block worth of shares- those orders were waiting for about half a month...
  10. The_Krakenite

    Kevin O'Leary & FTX

    LOL. I was wondering where the fuck the Irish thing was going in his defense. I think he's just given all Irish people a very bad name. :banghead: To my knowledge, I don't even have Irish blood (that I am aware), and even I was just thinking... CRINGE during that interview!
  11. The_Krakenite

    Opinion: There will be no significant rise in unemployment

    It's kind of many things, but to keep it simple, doing appraisals for jewelry, and other collectables. We do take vintage books, etc. I guess you can say it's a cross between a Hawk Shop & large Thrift Store. Despite I've done some years of research on precious metals commodities, I won't even...
  12. The_Krakenite

    Binance an issue too?

    It's a little short of 17K now. Sorry maxinger. Look on the bright side, plenty of down-side catalysts are still out there right now. You may get your chance :) Interest rates keep going up... the time for high interest rates to be up is also going up... and things are starting to break.
  13. The_Krakenite

    Kevin O'Leary & FTX

    This is kinda cringy to watch, and even makes me feel sorta sorry for O'Leary. That said, I only read one of his books... it was a PoS book where he seemed to keep tripping over himself apologizing to female readers for every stupid thing... I guess he wanted to prove he was some sort of...
  14. The_Krakenite

    More crypto pain ahead. CZ at Binance is a fraud. Who wants to bet?

    p.s. One reason I can't stand this Meet Kevin guy, is that his ugly thumbnails are all the same. They look like the click-baity shit that's going to just waste your time. How many more times is he going to do that over-done look that just screams of "I just had a fist-full of mortgage backed...
  15. The_Krakenite

    More crypto pain ahead. CZ at Binance is a fraud. Who wants to bet?

    There is NO GOOD REASON why a company would set up shop with Cayman Islands as the location of its head office. Binance is actually worse, because they apparently don't even HAVE a location for their head-office. Now, if YOU or I did that, we'd get into trouble for tax-evasion so fast your...
  16. The_Krakenite

    More crypto pain ahead. CZ at Binance is a fraud. Who wants to bet?

    IIRC, the withdrawls halt was due to a particular bank in New York. Because of USDC being involved, and a limited time-window in the FIAT banking world of when transactions & settlements can occur. Or do you normally go down to a bank on Sunday morning at 4 am and seriously expect them to be...
  17. The_Krakenite

    More crypto pain ahead. CZ at Binance is a fraud. Who wants to bet?

    When looking at the bigger picture, it definitely seems that faith is restored again :) BNB is DEEP GREEN on coin360.
  18. The_Krakenite

    European Central Bank publishes scathing remarks on crypto meltdown

    Europe is free to go to the dark ages, but what happens when Germany runs out of firewood? Seems the woke-army-nation hasn't thought of that bubble yet either. A few hundred years ago Spain chopped down every tree in order to support the Spanish Armada. Then they LOST that bet too! The...
  19. The_Krakenite

    More crypto pain ahead. CZ at Binance is a fraud. Who wants to bet?

    CZ has practically cornered the market at this point. I'm not so sure he'd have to continue any current fraud at this point, even if he was a fraudster. Technically, he did plagiarize the Ethereum code, but it is open-source, so he is allowed to get away with that. Ohh, and it looks like (as...
  20. The_Krakenite

    Cathie Wood Says $1M Bitcoin (Again); Why She Might Be Right

    For now, its 'Brand Name' recognition is its moat, as certain investors like to call it. Some like to also say its simplicity also counts, though I am not so sure. BTC is now regarded as 'Boomer coin' in many circles. In order to function, it still requires a lot of wasteful energy and other...
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