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
18,361 Blog Posts

A Hard Truth: Crypto Currencies Are Dead; Long Live Crypto Currency Equity Proxies

Bitcoin and the whole kit and caboodle are getting ravaged tonight — off by ~10% or so. Truth is, and this cannot be debated, the crypto currency asset class has been dead money for weeks. At the same time, we’ve been making inordinate sums of money long crypto currency equity proxies.

Observe 7 day returns in cryptos, spearheaded by a 40% drop in Ripple.

Meanwhile, we’re cranking out 100% winners inside minutes in crypto land, blessed with actionable news events that cause stocks to spike without pause, and are having a generally great time during a period of distress in the crypto-currency correction.

Wall Street wins again.

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16 comments

  1. small pleb

    HODL

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  2. lapens

    HODL – great buying opportunity!

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  3. momsen92

    flip&flop personality disorder at its finest. Le Trump-Le Fly

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  4. sarcrilege

    Where are the Ripple pumpers tonight? BTFD?

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  5. s.k.

    You all are a bunch of degenerates.

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  6. joyous__ending

    Those of you who don’t do crypto.
    Stay Long Oil, Gold, Short Bonds….2018 winners

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  7. ironbird

    Bitcoin is not a shithole.

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  8. Cricket

    Life after CCs.

    Waiting for Kodak/Tesla/Apple to pivot to the next ‘hot’ new technology:

    Sex Robots.

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  9. gatorsun

    MARA add it to the popper list

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  10. gatorsun

    LITECOIN……….buy buy buy

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