Sorry-that would be aussie currency there too.
Is the crypto winter over?
- Thread starter schizo
- Start date
Sorry-that would be aussie currency there too.
LOL @ Coinbase...
I had been debating this weekend on possibly shorting LEAPs on it, because the premiums are so high (100% implied vol!). You can even get a huge return on a strike price as low as $2 (no joke).
But... there is a reason for this. Just look at the never-ending trend of the stock price. Going through the horrendous financial statements, there doesn't seem to be any bottom in site. All this company does is lose $.
If you short a PUT going out 2 years, that is plenty of time for Chapter-11 to hit you.... or best case scenario... it drops to penny-stock status.
I had been debating this weekend on possibly shorting LEAPs on it, because the premiums are so high (100% implied vol!). You can even get a huge return on a strike price as low as $2 (no joke).
But... there is a reason for this. Just look at the never-ending trend of the stock price. Going through the horrendous financial statements, there doesn't seem to be any bottom in site. All this company does is lose $.
If you short a PUT going out 2 years, that is plenty of time for Chapter-11 to hit you.... or best case scenario... it drops to penny-stock status.
Sorry Semper, $Pepe does not trade on Coinbase (yet?). I do not think it is any of those coins you listed, but we always go by the contract address so there's no confusion
0x6982508145454ce325ddbe47a25d4ec3d2311933 on the Ethereum blockchain
https://etherscan.io/token/0x6982508145454ce325ddbe47a25d4ec3d2311933
Most of the trading volume of $Pepe are on dexes, but it is listed on some cexes
https://www.coingecko.com/en/coins/pepe
Coinbase is horrible.
Expensive fees/commissions and then they take a spread as well.
Horrible.
The expenses is what I never could understand... why people would stick to them, unless they are a boomer trying to learn crypto just before they push daisies.
With everything headed toward ultra-cheap DAOs, and DEXes, things are looking grim. The CEO cashed out his shares long ago to buy a mansion, etc. Just like... other CEO's that didn't end well.
All this talk and more talk on stuff, that never, ever materializes. What the hell is going on there? Just a bunch of smoke & mirrors.
All I see, is a repeat of Enron here. And Chanos is doing the same thing with Coinbase he did with Enron too. Remember when they laughed at him back then?
In fact, if I dig up old posts, I'm sure you will see people criticizing how stupid Chanos was on this very forum for shorting Coinbase.
But... if you go and look at Youtube gurus, people like Andre J. did very well at trying to pump up ownership in COINBASE.
With everything headed toward ultra-cheap DAOs, and DEXes, things are looking grim. The CEO cashed out his shares long ago to buy a mansion, etc. Just like... other CEO's that didn't end well.
All this talk and more talk on stuff, that never, ever materializes. What the hell is going on there? Just a bunch of smoke & mirrors.
All I see, is a repeat of Enron here. And Chanos is doing the same thing with Coinbase he did with Enron too. Remember when they laughed at him back then?
In fact, if I dig up old posts, I'm sure you will see people criticizing how stupid Chanos was on this very forum for shorting Coinbase.
But... if you go and look at Youtube gurus, people like Andre J. did very well at trying to pump up ownership in COINBASE.
The expenses is what I never could understand... why people would stick to them, unless they are a boomer trying to learn crypto just before they push daisies.
With everything headed toward ultra-cheap DAOs, and DEXes, things are looking grim. The CEO cashed out his shares long ago to buy a mansion, etc. Just like... other CEO's that didn't end well.
All this talk and more talk on stuff, that never, ever materializes. What the hell is going on there? Just a bunch of smoke & mirrors.
All I see, is a repeat of Enron here. And Chanos is doing the same thing with Coinbase he did with Enron too. Remember when they laughed at him back then?
In fact, if I dig up old posts, I'm sure you will see people criticizing how stupid Chanos was on this very forum for shorting Coinbase.
But... if you go and look at Youtube gurus, people like Andre J. did very well at trying to pump up ownership in COINBASE.
Interesting.Ill do a bit of reading on Chanos.
Now that I think of it, a much safer bet may be shorting PUTs on Microstrategy instead. Before people lose fear of the great liquidation/margin-call every bear keeps touting about.
Wish I had bought a lot more at the bottom
Wish I had bought a lot more at the bottom
