iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,426 Blog Posts

Wall Street’s Underbelly Transfixed by Bitcoin Craze

You know how I feel about BTC; it’s a zero. That might sound outlandish, even scandalous to some of you true believers — which is fine. But when bubbles percolate like this, the late comers are always the most bullish — attempting to make up for missing out on the trade. These people are always the strongest advocates and talk the most shit — like these clowns.

I lived this shit before and did everything you’re doing now; the outcome will not be different this time. Most will be racked and ruined upon the altar of greed. Like you, I too thought the dot coms would last forever. I was 23 when the bubble burst, doing $250,000 per month in production — long cocking it — talking extreme shit to the older men in the boardroom who scowled at me for buying dot coms. It wasn’t long after that when those became dot bombs and I blew myself up to smithereens. You’ll read about that in part two of my book coming soon.

Back to Bitcoin. Companies are now changing their names to accommodate Blockchain buzzwords, all for the explicit purposes of boosting share prices. Press releases are being carefully edited to promote new crypto exposure, again to boost share prices. Sound familiar? For those who don’t know what I’m talking about, long ago, in a time like now, retarded CEOs changed their company names to XYZ.com in order to ride the internet craze. Stocks were flying off the handle on the news and traders made a fucking fortune…until they didn’t anymore.

Here are some of the recent crypto related runs on Wall Street, all of which is happening in third rate companies.

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14 comments

  1. dmfracer

    Most likely when CME gets up and running on BTC being short it will be the most crowded trade in the land.

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  2. gorby

    If bitcoin threatens the powers that be it will be taken out.

    Like Al Capone found out ,went he and too many other believed that Chicago was his,

    they took him out.

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  3. tonka

    ICO’s have to be considered the greatest scamming and fraud tool ever created.

    I know, I know, there are legitimate companies out there too. But this has a great opportunity to be a destroyer of wealth on a net basis.

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  4. ironturd

    Tell me more about where bitcoins are going and where banks are going according to your reading of the curve

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  5. stannisbaratheon

    It’s ironic that that now your site is full of ads for Bitcoin “experts”…like the great James Altucher….

    You are making money on Bitcoin without being invested…maybe you should do an ICO yourself.

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  6. J Adabese (your pen pal)
    J Adabese (your pen pal)

    I live for Le Fly tweets like the one to @ThreeEyedRavenX Indeud.

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  7. chichi

    BTC sold 3 days ago. still have ETH LTC….

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