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
23,417 Blog Posts

IT IS TIME TO HODL AGAIN, DEAR FRIENDS: GET IN THE CHAIN

I tend to default to hyperbole, a byproduct of my violent upbringing. This trait has served me well over the years; but, on occasion, has led me down a ruinous path (i.e., VXX trades), saved only by my natural wit and charms.

Here I am, down 50% in a variety of SHITCOINS, delving back into a proxy play of lamentable qualities. Before I mention the stock, which shouldn’t be of much concern to you, I’d like to let you know that I am behaving quite well and have been reading a great deal and also investing wisely. I’ve taken the majority of my money and have been investing it quantitatively, something I mentioned earlier this year — all to do with Exodus. But this isn’t a sales pitch, at least not now. Sometimes I think it’s important to reinforce a few things about the anonymous author of this site, “The Fly”, a man who doesn’t abide by conventional laws of decorum, but does in fact honor and respect the dignity of man.

In short, this means I do not waste time hating people and only focus my valuable energy on improving the quality of my life and the lives dearest to me. By extension, the people reading this site are beneficiaries of my efforts. I do not cast many harsh aspersions — but I have been known to ridicule some of you for what I deem to be “incongruous behavior” with enlightened peoples of the world. This is something that can be corrected, but only with effort and zeal. Summarily, I hold sympathies for those of you ensconced in a most vile, violent, and degenerate world and hope that both my prose, and investment acumen, can create an environment for you that leads to a semblance of acuity.

I bought RIOT this morning, not only because the ticker symbol harkens back to a nostalgic time when I was a swashbuckling teenager, but also because I think Bitcoin has bottomed and if it has — then the fucking blockchain is going to rip tits to the upside.

Aside from that, I have upside in nearly all of my positions today — higher by 1.2% — led by gains in RKDA, UEC and others.

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21 comments

  1. heckler

    And weed. Even john boehner smokes weed these days

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  2. ferd

    Download and archive the news reports and the Sunday talks shows and the cable talks shows right after the “gas attack”.

    Never forget the outlets (hint: all of main street media) that sang the exact same pack of lies – risking an escalating conflict with a nuclear superpower.

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  3. joyous__ending

    The Bear is dead. We are headed for a positive April.
    2800 by Memorial Day, but new highs come later this year.

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  4. numbersgame

    “I think Bitcoin has bottomed ”
    Do you mean never-seeing-$6000-again bottom or time to climb-the-ladder-of-the-high-dive again (short-term) bottom?

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  5. sarcrilege

    Hating people is bad, impulsive and leads to mistakes. An executioner does not have to hate a condemned person to do his job properly. He knows he’s doing the right thing, terminating lives of individuals who do evil deeds to innocent victims. There’s a tribe that cannot stop doing evil deeds to other innocent human beings and has been condemned for millenniums. We dont need to hate them to stop them. Permanently.

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    • numbersgame

      Hate is an interesting word. For example, if you wish downfall on someone who *hasn’t* done evil deeds, simply because of who they are and because it will help your position in life, is that hate? Maybe not by your definition, as it may not be an emotional decision but a practical one. However, it is immoral, or “evil”.

      So on one hand, you want to stop “them” not necessarily because they hate you (you did not make that claim), but because they commit evil/immoral deeds. Yet on the other hand, you are perfectly fine taking an immoral stance on white supremeacy. Hypocrite.

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      • sarcrilege

        Unwittingly you bring up a few interesting concepts and then you mix them all together and make them nonsensical. Let’s take competitive sports and break it up:
        1/ one out-competes everybody based on caliber (1st by being best);
        2/ one insidiously/openly cripples the best to be the first;
        3/ one disqualifies everybody from competing based on supremacy and becomes 1st by default;

        Which case scenario were you talking about and classifying it as “evil”? And which scenario are you trying to pin on me?

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        • numbersgame

          Sorry, I dropped this post and then left.

          Anyway, I would calssify you closer to #2: someone who knows that they have a societal advantage and wants to keep it that way, rather than opting for a fair and even playing field (that is the immoral stance I am talking about).

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  6. infinitezuul

    While I know virtually nothing about the blockchain or anything even remotely related to this space, I do know about the psychosis of crowds. Bitcoin is about to scream higher to 100k.

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    • masteroneass

      I dont know shit about blockchain either other than its like the internet 10 years ago plus there are some real movers. In particular dogecoin shitcoin moves hard to the up and downside when it moves.

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    • numbersgame

      Yes, but you forgot that we already hit the mass-mania mode where you had the general public involved to a large scale (in late 2017), unlike cryptos previous run-ups.

      Also, there’s no way that the big-boys let the littel guys sit on their holdings all the way up to $100k. So best case scenario is that even if we spike up again past $20k, we’ll have at least one more 40% loss. So on the slim chance that we hit $30k-50k, then we’ll see $20k after that before $51k.

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      • moonshot

        The market was not accessible enough for a large percentage of the public to become involved in 2017. Institutions are still ramping up and figuring out how to invest. Many are backing startups rather than directly buying existing coins/tokens.

        Smaller hedge funds certainly are though—more than one has approached me directly wanting to make large OTC purchases of my project’s coin.

        Liquidity is still an issue in many cases, even for bitcoin but certainly for many smaller market cap plays. But that is also potential opportunity both for smaller investors and even larger ones who may take advantage of the liquidity situation by manipulating markets in ways that are difficult to do (and much more likely to be illegal) in the stock market.

        I think 2018 will continue to be volatile but will have a lot more new people both retail and institutional entering the crypto market.

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  7. acehood

    Back in SSC

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    • moonshot

      Who pays for porn? I think this may backfire big time if Verge is labeled “that porn coin”. I wish them luck.

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  8. masteroneass

    While you all were afraid of WW3 i was accumulating and trading shitcoin like bitcoin siacoin and ethereum and the best of all dogecoin – yes 60% gains on a joke coin..

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  9. cash cow

    Le Fly,

    You are on tilt. Step into ETF BLOK

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