Category Archives: bitcoin

Bitcoin is incredibly risky, despite the image that’s being conveyed by the media, or spread through social networks. Bitcoin’s price is manipulated to an extreme degree, to lure retail investors into buying worthless tokens with real money. We are witnessing yet another wealth transfer from people who don’t know, to insiders and scammers. The huge […]

If you ever had a look at CME’s Bitcoin futures, you might have noticed that there are multiple contracts - one for each month, and that they have different prices. Systematically, the futures contracts for months that are further away, are more expensive than those with closer expiration, and also cheaper than spot. When this […]

Tesla’s move to allocate a $1.5 Billion chunk of its cash hoard to Bitcoin, two days ago, was applauded by Bitcoin investors as a sure-proof sign that corporations are going to go all-in in Bitcoin, elevate its price to new all-time-highs, and allow early investors to cash out for real money. But Tesla’s investment in […]

Bitcoin destroys value as running its network costs tens of millions of dollars per day. Its rise in price is a consequence of market manipulation combined with the fact that very few investors elect to sell, precisely because its price is rising. Over the long run, the price of Bitcoin is guaranteed to collapse as […]

In March 2020, unregulated crypto exchanges, led by Binance, switched to USDT as collateral for margin trading. This has led to a progressive release of around 1 million Bitcoins previously locked as collateral. The fact these newly available Bitcoins didn’t crash the price only makes sense if Tether scooped them up and is now holding […]

Since crypto’s near-death experience of March 2020, three things have risen in tandem: the price of Bitcoin, the market cap of Tether, and the number of people under lockdown at home, turning to day-trading as a way to kill time. These three trends are closely intertwined.

MicroStrategy Incorporated (stock ticker: $MSTR), the company widely acclaimed in the cryptosphere for buying 70 470 Bitcoins as a “treasury reserve asset”, whatever that means, closed yesterday at $631. That’s a roughly $450 return for anyone who has bought the stock before their Bitcoin gamble.

With Bitcoin crashing and burning and margin traders getting liquidated, it’s important to relax, and have a good laugh. You’ll get over it, like millions of degenerate gamblers got over it in centuries prior (minus those who jumped out the window), and like billions of degenerate gamblers will get over it in the future. With […]