If you want to be long in crypto

Pekelo

Pekelo

BITI is to the rescue!!! :)

ProShares Short Bitcoin Strategy ETF

Up 28% in the last 2 days. It is breaking out!!! To da Moon.....

"It works like this: First Bitcoinbro says "Dude bitcoin has to go up from here. It's $25k." ProSharesbro says, "Okay, How about in two weeks I sell you some bitcoin for $25k if you think it's going up." Bitcoinbro says, "Dude it's on. I'm super-smart and bitcoin at $25k in two weeks is going to be so cheap because bitcoin is totally going to the moon, Michael Saylor says so." ProShares-bro makes Bitcoinbro sign a futures contract. Then in two weeks bitcoin actually drops to $18k. Prosharesbro buys the bitcoin for $18k and then sells it to Bitcoinbro for the agreed upon $25k. Bitcoinbro sheds sweet, sweet tears. But then the next morning, Bitcoinbro wakes up, smokes a bowl, and is like, "Dude bitcoin is totes going up from here. Its only $18k and Michael Saylor with lazor eyes says so." Prosharesbro has bitcoinbro sign a futures contract and so on and so on...Its a steady supply of profits and bitcoinbro tears! What's not to love?!"
 
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prolly nothing. How can I short a bored ape?

Pekelo said:
BITI is to the rescue!!! :)

ProShares Short Bitcoin Strategy ETF

Up 28% in the last 2 days. It is breaking out!!! To da Moon.....

"It works like this: First Bitcoinbro says "Dude bitcoin has to go up from here. It's $25k." ProSharesbro says, "Okay, How about in two weeks I sell you some bitcoin for $25k if you think it's going up." Bitcoinbro says, "Dude it's on. I'm super-smart and bitcoin at $25k in two weeks is going to be so cheap because bitcoin is totally going to the moon, Michael Saylor says so." ProShares-bro makes Bitcoinbro sign a futures contract. Then in two weeks bitcoin actually drops to $18k. Prosharesbro buys the bitcoin for $18k and then sells it to Bitcoinbro for the agreed upon $25k. Bitcoinbro sheds sweet, sweet tears. But then the next morning, Bitcoinbro wakes up, smokes a bowl, and is like, "Dude bitcoin is totes going up from here. Its only $18k and Michael Saylor with lazor eyes says so." Prosharesbro has bitcoinbro sign a futures contract and so on and so on...Its a steady supply of profits and bitcoinbro tears! What's not to love?!"
More...
 
To the moon! And beyond!!!

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This is just a temporary glitch folks. We'll take off right in a giffy.
 
Naw. My RRSP account only has ~10K purchased in BTC/ETH exchange-traded funds. And I'm not selling until the government forces me to withdraw in retirement. My other accounts are another matter...

Those who foolishly bought in Solana and didn't sell it pre-merge... are the ones in dire straights. But that's what shitter-coins do.

Ironically, SBF built his empire on the Solana chain, and many claim he was responsible for its bubble. Now that FTX is gone, SBF has been disgraced, and all his planned projects for the Solana chain (which always was a POS) are canceled... guess happens to SOL now?

Now, why the FUCK would you have wanted to build on the Solana chain any sort of banking system, when it's up-time performance has been untrustworthy and abysmal escapes me. Aside from one fact, SBF was greedy for staking yield. He over-did it... locked up too much assets into stake and opened himself up to a liquidity crises.

And that's the best-case scenario, which it seems by now we know it was far, far, worse than just that...

By the way, you can get almost 3.5% from staking on Ethereum... the same as a 10-year Canadian bond. It's a little less yield than what you'd get with Solana, but you would have had full up-time and be on the most secured chain.

Ok, ok, so you can't yet redeem early on ETH (yet)... that's ONE excuse.
 
The_Krakenite said:
Naw. My RRSP account only has ~10K purchased in BTC/ETH exchange-traded funds. And I'm not selling until the government forces me to withdraw in retirement. My other accounts are another matter...
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Wasn't talking about your RRSP account or whatever.

BTC and Ether are now inextricably-linked to the NDX. If you sarcastically think the BTC/Ether space is going down, then so is the NDX, and the SP, and thus your 401K. Never EVER wish for a down-trend on anything. Bears are assholes. All they wish for is people losing money. They are devils.
 
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