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
17,243 Blog Posts

GOING SUPER DEGENERATE INTO BITCOIN RELATED STOCK

This is a huge piece of shit — but that’s what’s moving nowadays. All of you old men are shitting your pantaloons watching the Bitcoiners make all of the money, while you’re there calculating Sharpe ratios. Meanwhile, people are getting absurdly rich off nothing.

I bought some MARA this morning, based on its chart patterns.

Inside Exodus, I’ve got a whole list of these little fuckheads that are related to cryptos. They’re moving today.

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15 comments

  1. sarcrilege

    Bre-X all over again in multitudes of me-too impostors.

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    • bushwacker2

      Most all of the crypto currencies are frauds and scams. Only a few will survive, and it has to do with the coding that is related to security and verification.

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      • bushwacker2

        If I had to buy only one, it would be Ethereum (ETH) because of the smart contract application which will eventually be standard for all electronic financial transactions.

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        • metalleg

          EOS and NEO are both better than ETH. ETH can’t even handle CryptoKitties.

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  2. moonshot

    Welcome to the fray, Fly. I’m sure the day is not far off when you have your own secure hardware wallet, brimming with cryptocurrency.

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  3. WrongView

    People are not getting rich off nothing. They are getting rich off the gullibility of the folks that come in after them, that’s the real product being bought and sold here.

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  4. ironturd

    What about the discretionary hasn’t been degenerate 2H18

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  5. tonka

    Remember that family that sold their house and all their personal belongings and are living in a tent so dad can trade crypto’s?

    Looking like geniuses right now.

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  6. reversion

    These btc stock trades have been best to fade after big openings not buy

    Just saying

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  7. CoinSpeak

    In a gold rush the people selling shovels make the most money.

    Not 100% true in Crypto but you’re in the game. Welcome.

    Now buy a trezor and put some coins on it.

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    • tonka

      This saying has definitely not been true in recent commodity bubbles.

      Oil in 2007, Silver in 2011, Bitcoin in 2017.

      In each case the related equities dreadfully underperformed the underlying commodity.

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      • numbersgame

        Three different asset groups: the commodities, the miners, the mining equipment suppliers. In most cases, when people talk about “underlying equities,” they are talking miners, which ususally go through the same bubbliciousness as the commodities.

        Bushwacker is referring to the mining equipment suppliers. Think CAT.

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    • bushwacker2

      NVDA and CYBR are selling the blockchain version of picks and shovels.

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