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Comment Not real. (Score 1) 78

MSTR has been getting massively shorted by large banks, led by JP Morgan, in an effort to drive the price of bitcoin down. Once achieved, they buy in massively so as to set up their own competing treasuries.

MSTR only dies if crypto itself dies, probably taking the global financial system with it. Start writing your apology letters to the 'nothing ever happens' soyjak.

-Z

Comment Re: We're in the group (Score 0) 217

Fuck that. Public education has utterly failed. We pay more and more into a system while literacy rates and basic math competency decline.

The purpose of a system is what it does. What the current public education system does is provide adult-daycare for a bunch of incompetent bureaucrats and enable parents to not pay attention to their kids for 8-10 hours a day so they can be a better tax farm.

Comment Re:Smart man (Score 1) 65

Recessions have been made illegal. Doesn't matter who is running the show, their incentive is always to prop up the markets in any way possible so they can point to those utterly meaningless numbers and claim the economy is great. Its been that way our whole lives, its just that as real conditions continue to worsen, the disconnect gets more and more obvious.

Comment Re:Honest man [and smart timing, too?] (Score 3, Insightful) 65

He thinks the market is going to shit the bed and sooner rather than later. Rather than risk his and his clients money on short bets and try to time it, since metrics he'd normally use to figure such things out don't seem to be matching up with reality, he's cashing out for now. Presumably he'll be back in once he thinks the market finds a new support level.

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