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
17,094 Blog Posts

So About the Bitcoin…

What a lovely, lovely day. Markets are somewhat tepid, but bitcoins are exploding with joy all over the market. As I write this, BTC is +666 or 6.66% for the session, a rather evil and devilish move if I don’t say so myself. For those of you, like me, who do not want to open a fucking crypto wallet, there are manners by which you could profit from this craze. Because whether you believe in it or not, it’s happening. Right? So, as the popularity increases, companies who profit from the proliferation are a most interesting endeavor.

I am talking about GCAP, of course. This is a real company, doing $80-$100 million per quarter in revenues — trading services. They are going to start offering their services in cryptos. Any fucking idea how big that could be?

Pretty big.

Other crypto related equities moving higher include: MARA, DPW, XNET, RIOT, PRELF, GROW and SRAX.

Shares of OSTK continue lower, however.

Busy day for yours truly. I will be executing my quant trades soon, which once again beat the SPY — coming in at +1.98% for the week.

Stay tuned.

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12 comments

  1. sarcrilege

    The banksters will love BTC’s volatility and nakedly short it with gusto in December. Delivery? Pfft. Trades settled in funny confetti, as per usual, i.e. crimex.

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  2. stocksnblondes

    Like I said before–a clear case of premature ejaculation by crypto-bears the other day on the healthy pullback from 11,000.

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  3. dopefeller

    Flynn testimony – “Donald Trump PERSONALLY asked me to contact Russians”.

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  4. DMXtremelyOnPoint

    How could you be so ignorant as to want bet on the frenzy without actually getting involved. Put a 3 month chart of OSTK chart next to a Bitcoin chart. If people don’t buy Overstocks items the company becomes invaluable. hmmmmmm. Sack up and get some coins already. Maybe you and sarcilege could go in halfsies that way he could finally blow you when you have epic returns.

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  5. ferd

    Will you be sharing your UVXY profit with Mr Flynn? …it’s the right thing to do.

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  6. blackgld

    Buy this bullshit pullback folks.

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  7. stocksnblondes

    I would buy here: (1) these violent pullbacks have proven to be good buying ops, and (2) it would be ultimately good news for our country if our dimwit president was impeached and replaced with Pence.

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  8. WrongView

    Merry CHRISTMAS Mr. President,. Sincerely, that excellent man, Gen. Mike Flynn

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  9. bennyhill

    Quants don’t beat SPY long term hold when you account for taxes.

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  10. lapens

    No one with real money will want to be involved in this Fly. PPT up another 27%, and I bet you still haven’t checked it out…

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  11. bushwacker2

    So let me understand the reasoning here. You won’t buy the bitcoin because you don’t believe in it, it’s for faggots, it’s a bubble, it attracts criminals and miscreants and should be outlawed, etc, etc…yet you’ll invest in a company like GCAP that will make its money from offering trading services on the very bitcoin you so eloquently denigrate. Okay….

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