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
20,473 Blog Posts

Anyone Buying SHITCOINS Now?

Bitcoin has thrusted above $10,000 again, streaming a whole new cadre of millennial retards into the fray. Whilst stocks shatter new highs on a regularly basis, these absolute fools are still trying to achieve a 50% drawdown from 2016.

Nothing would please me more than seeing this western finance business shattered to bits and pieces, in spite of being a handsome beneficiary of it; but it’s never going to happen. People like John McAfee personify the SHITCOIN space — absolute clowns who aren’t formidable.

So have fun trading and be sure to fuck yourselves when preparing to offer me a rebuttal.

As for stocks, I am concerned about the linear growth of the coronavirus. It suggests the Chinese haven’t been able to test at scale and it’s much worse than presently understood. And then there’s shit like this to process.

At any rate, I’m watching the oscars with my daughter now, laughing at the charade. I’ll see you fuckers tomorrow.

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10 comments

  1. heckler

    I take it a day at a time. Been buying bsv and dash fro two weeks and fully loaded into tomorrow in trading account. Retirement account is cash

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  2. wolfdaddy

    I do t know much about crypto but isn’t most of BTC mines in china as well as many of the shitcoin companies based there? I hope they all get quarantined.

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    • numbersgame

      I’ve always found that Chinese cocentration/control as a fatal flaw of many cryptocurrencies. The whole point was decentralization, but now you have controlling power based in a country with a dictator for life.

      Of course, since there is virtually no labor involved in server farms, the Wuhan virus should have a minimal effect on mining.

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  3. roguewave

    Everyone should own some bitcoin BTC. .01%, .1%, 1%, 5%… zero is the wrong number.

    Binance, a no brainer. Certainly a top worldwide crypto exchange. A real company, started with $15 million. Within the 1st year, profits were $200 million. Every quarter they take 20% of profits and use it to buy and burn BNB coins. Comparable to a stock buyback. The bet is the crypto market grows – simple.

    Still plenty of scams, but also some extremely disruptive companies.
    Not saying they will be the company to revolutionize the industry, but a real company with fully functional products. dyor https://www.coingecko.com/en/coins/kleros

    Previously posted:

    In the last minute Steve Bregman mentions cryptocurrencies for the first time in 54 minutes.

    He says ” The ultimate hedge against currency debasement; it might never work; it might never be necessary, but it can save your financial future. And it can be done in such a small amount that it will never harm you when it doesn’t work.

    Which is a fixed issuance, meaning non-debase-able cryptocurrency. Because if the time ever comes that people in various parts of the world feel they need a non-debase-able currency, the returns can be in the order of hundreds of times your money.”

    https://www.youtube.com/watch?v=I4ce1LiuwcA

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    • roguewave

      btw, while I’m waiting for it to grind higher, I’m collecting 8% on my BNB
      @ crypto.com

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      • alty

        If it’s so great, why the need to pump? You’re just that generous?

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        • roguewave

          Perhaps you didn’t notice the title of this post:
          Anyone Buying SHITCOINS Now?

          I’m simply responding to that.

          If the goal was to pump, I would be on another site. My guess is <5% of the people here own directly or are likely to ever own crypto's. Notice how I provided external informational links. Do your own god damned research. Don't like it. Don't fucking buy it. Never speculate a penny if you don't understand thoroughly.

          I posted for those who have already acquainted themselves with cryptos. dyogdr

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  4. the good life

    I buy dividend growth stocks and drink Sauternes. i am very out of fashion.

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  5. numbersgame

    Wuhan virus update:

    Diamond Princess cruise chip
    1) Day 0: Asymptomatic cruise ship guest leaves ships
    2) Day 5: Guest tests positive for Coronavirus; ship quarantined for 2 weeks
    4) Day 12: 135 *current* guests have testes positive

    According to Chinese National Health Commission, if you test postiive for the virus, but don’t have *symptoms* of the virus, then you don’t *really* have the virus according to the official numbers.
    https://www.zerohedge.com/health/how-china-rigging-number-coronavirus-infections
    Meanwhile, their procedures to conain the virus have been going so well, that they now require daily reports of body temperature for 100% of residents in Wuhan. Also, Beijing is now under lockdown as well.

    Bonds show concern, but equity markets are confidant that the probelm is contained

    “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.”
    – Federal Reserve Chairman Ben S. Bernanke, 03-28-2007

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