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

Today’s Trade is Such a Let Down

I could’ve made believe I knew yesterday was Friday and that my blog from last night was a minor clerical error when I wrote “Tomorrow I return bright and early, ready to put money to work. I left Asheville 90% cash.” But that wouldn’t be nearly as funny as the truth, which is I had no fucking idea what day it was, the amount of money being withdrawn from my accounts, or anything else for that matter. I was on vacation with dogs, driving up mountains once graced by Elvis, and now I’m back home — in a place I just moved to last year, and I wanted to trade on Saturday.

To suggest I am burnt out is an understatement. But even while burnt the fuck out, I am still able to operate efficiently. That being said, perhaps I need to be burnt out in order to trade well? No way of knowing which way is which; but what I do know is ETH is above $360 now and I made my monthly purchase last night after midnight at $355.

There are many things that are temporary interests to me — books, people, certain stocks — but Ethereum is one of those longer term, END OF DAYS, plays. I consider it a hedge against my income or cash. The purpose of my investment is to store value. If it stayed flat, I’d consider it a win. The fact that it has more than doubled in recent months is pure gravy.

I do not consider myself to be an expert in cryptos — but I know enough to understand this isn’t going away and the price of ETH is likely to ramp up in the coming weeks, months, and years — as America COLLAPSES under its own drunken depravity.

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14 comments

  1. metalleg

    You have a couple of free days to prepare for the hurricane heading up the coast.

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  2. heckler

    My saddle bags are loaded bring on the end times!!

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  3. tha pirate

    If you are an empty soul; if you do not love the USA, the souls of the righteous or the value of love. If all you care about is money and are ungrateful that you sh-t all over the nation and ideas that gave you the chance to accrue such wealth, you will always be empty inside, no matter how much money you gain.

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  4. worldinmy3y3s

    NO BOOZE

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  5. soupbone

    Earnings will not be supportive. This is pure liquidity in its very finest grade ever.

    Way out of my league. I figure you guys will do ok here though.

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  6. helicopter ben

    Do you prefer cryptos to precious metals?

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  7. thegametheorist

    Why ETH and not other cryptos? Your guy on here loves BSV.

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  8. ericbakerbruce

    Blue Horseshoe loves Anacott Steel

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  9. roguewave

    Crypto running
    BTC 12k ETH 400+

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  10. purdy

    Let’s acknowledge:
    – Nobody would seek to stay home and get paid to not work
    – It’s good that we pay some people a bit more to not work than to work – because ours is a consumer economy. (Besides we’ve already have had big giveaways to the connected, why not for the little guy?)
    – And yes, we should give stuff to the connected too – especially connected investors in junk – because they’re the victims of the virus and of the government’s request that non-essential businesses pause.

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  11. soupbone

    Two Norway arctic cruises have had covid exposures. Brave belly flop.

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    • 0 Deem this to be "Fake News"

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