What’s amusing about all of this is the sell off is also affecting crypto currencies. Bitcoin and the gang are fucking knifing (Qaaa-nifing) lower.
BTC is on the verge of full collapse under $10,000 and there is nothing that you or your stupid friends can do about it. While many of you might surmise this to be something of an albatross for yours truly, especially since I’ve been delving into the black arts of SHITCOIN trading. Truth is, I have deployed a Martingale Stratagem and benefit, explicitly, from the terminable collapse of the asset class. When it trades lower, I simply buy more — rinse and repeat, furthermore.
We want stocks lower. We want them to hurt, break the bones of weak minded financial advisors. We are living during a time and a place when advisors with IQs less than 50 are managing hundreds of millions. Their sociopathic tendencies, coupled with the evergreen qualities of the market, have provided them with a comfortable living. We will strip them of this luxury and cast them out into the cold (extra Bane). When all of the accoutrements of decorum have been annihilated from the market, then and only then will the field be cleaned of their indecorous calamity.
Stocks are comfortably in the red, off by a solid 350 and staging for another leg lower. In spite of all of this, my purchase of XIV is solidly in the black — as it was timed with both grace and alacrity. The State of the Union is upon you gentlemen. Your SHITCOINS have been disbanded and discarded. Your Nasdaqiris have been drunk, glasses shattered across the pavement.
My quantitative methods are due for update tomorrow. The +5.2% showing it accomplished in January is as impressive as it is excessive. We can only hope for lower prices, lads. Let us pray.
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Dr. Maggot is giving some serious competition to D. Gartman
That accoutrements sentence was amazing, well done.
Shitcoins aren’t falling for no reason. SEC seized cryptos from an ICO fraud for first time, FB banning crypto ads, and most of all, Bitfinex is being investigated for its Tether fraud.
…but good thing that shills for bitcoin were ever so condescending when goldbugs warned them it’ll take virtually nothing for gubermints to scare dumbshit ass bleeding oversized tampons packing gender confused millennial basement dwelling snowflakes from shitcoins. I was wrong. All it takes is for Fakebook ban crypto ads/coins and the shitcoin market melts down. But hey, good as gold. Store of value. Private currency. Finger to gubermints. yeaaah, riiiight.
Most people on here have at least a modicum of intelligence. They can read after all…
But, why anyone in their right mind would bet real money that a bunch of High School drop outs living in their mom’s basement could usurp the Global banking cartel is beyond me.
Thinking back, the only reason the banksters allowed it to continue this long is to teach everyone watching… “this is what will happen to you too if you $#@$ with us.”
Why post so long winded? No more making long story even longer. You have appointment with guillotine!
yeah, Dr Maggot is all cheap talk
I guess you missed the XIV trade?
I certainly did not miss the long VIX trade that I took last week and which I still hold.
Nice. Selling soon?
What part of “I’m too busy making money to kill myself right now” don’t you understand?
Fly, No need for a guilotine – your whiplash should do the trick in time. Just a sampling:
“I am proud to announce iBankCoin has begun allocating a percentage of revenues in cryptos.” – Dr. Fly Thu Jan 18, 2018 11:11am EST
“One could argue the entire crypto currency asset class is one giant ruse…and there’s nothing you or your stupid friends can do about it.” – Dr. Fly Mon Jan 22, 2018 10:08am EST
“This evening I bought ETH, STORJ, ELF, and INS. I’ve been allocating a portion of iBankCoin’s revenues towards this asset class in the hopes of truly learning something great.” – Dr. Fly Wed Jan 24, 2018 11:15pm EST
“BTC is on the verge of full collapse under $10,000 and there is nothing that you or your stupid friends can do about it. ” – Dr. Fly Tue Jan 30, 2018 2:48pm EST
What’s the over/under on days (hours?) until Fly goes long cryptos? I say he goes long Thursday around lunch, or maybe as late as Friday, pre-market.
Bipolarism. At least he can never be wrong!
plain bullshit
Truth be told, I miss Dr. Gloom and Doom Marc Faber being on shit CNBC.
BTC has 7500-8k as the next level. Expect carnage and panic to ensue. Looking to get into BCH should opportunity strike
I want to buy my bitcoins in the low hundreds. even then. I will buy the coinfags liquidations.