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
23,433 Blog Posts

SCAM

For the better part of the last year I had to hear the media praise this cunt Sam Bankman and his “magical firm” called FTX, which presumably was able to not only weather the storm as BTC collapsed, but also put money to work. He was, as the media called him, The Next Warren Buffet.

This piece of shit was also going to dollop a billion into politics — because nothing says “I’m a cunt like someone who wants to send $1b to political heathens.

Now it seems FTX collapsed. It collapsed so badly, with over $6b in withdrawals according to Reuters since yesterday, he begged Elon Musk to buy him out and Elon said fuck off.

No clue if that is real or not. But what is real is the COLLAPSE in Bitcoin from $21k into the $17s and what is real is FTX down 78% today, amidst rumors their arch enemy Binance has agreed to bail out the cunt firm.

In other news, I traded like a Space Alien Magician and came out the other end +27bps, HEAVILY short into the elections which I am sure will secure uncertainty as the retarded APE in PA pops champagne corks into the Harvard graduate Doctor’s face and the rest of devils in blue dance around the fire as they celebrate the coming upheaval and total destruction of America as we know it.

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6 comments

  1. profits101

    he and the $PLTR guy favor Dylan hair… birds of a feather I guess.

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  2. tradercaddy

    Fly- You know better than to short into the mid-terms. A divided booacracy in DC is usually good for stocks. Buy the rumor and sell the news, etc. Not sure if we gap up at the open or not but if we do then it’s time to put on the shorts and as we end the day down bigly.
    Gotta go and make my Mediacare Part D change before the Republicans cut Medicare. That’s how you know its election time (Dems say the other side will cut Medicare and Social Security).

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  3. flea

    Fly – can you place this at the bpottom of your blog where you normally put the music? It’s in honor of this important day where we reclaim that which we lost:

    https://twitter.com/txiokatu/status/1589989660541214727?s=20&t=QMyMlrHtv65H7KJVQomHDw

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  4. Mr. Cain Thaler

    Well that’s too bad. Looks like the Roevember effect was about 50% stronger than I expected. But Dems were headed to be wiped out so it just sort of stabilized them.

    Oh well.

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