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
23,414 Blog Posts

HODLing is Back, Just in Time for the US-Russian Summit

On news that Trump will release the SPR, oil is fucking plunging this morning, off by 2.5%. Perfect, because I’m long a bunch of oil stocks.

Futures are flat. England is getting punched in the face — down by 0.9%; and Trump is meeting with Putin in Finland. All that is nice and good, but let’s be honest here; the real news is BTC and the crypto sector breaking the fuck out. Prices have ebb’d enough and now they’re gonna flow.

Look at them run, bro. LOOK AT THEM!!!

BTC is higher by 4% and many others are up more. The lambos are being polished off again, engines revved up. All of the HODL’ers are back in style, wearing their hipster white t-shirt uniforms with their handlebar mustaches. They look like philosophers, but only a lot richer. Real philosophers are poor as fuck, always analyzing shit for free, writing books about things no one cares about.

In other news, my triple sized IQ position is +2.2% in the pre-market. Hopefully those gains will offset the beatdown I’m about to endure in crude.

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4 comments

  1. Black Swan

    Trump meeting his handler.

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    • 0 Deem this to be "Fake News"