Followers | 131 |
Posts | 4727 |
Boards Moderated | 0 |
Alias Born | 05/10/2004 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, February 01, 2018 2:51:39 PM
The big boyz are smashing coin prices and all things mining related are following suit. Kinda shows that the fiat currency boyz are 100% clear in their understanding that coin mining, if successful, means the end of the hegemony of the fiat currency era. Its a matter of survival & they control the futures markets and the agencies such as the SEC.
I've learned something from this sad episode in my trading career: a futures contract that is cash settled can become a crowbar with which to run a bottomless short. There's the problem with a cash settled futures contract. In a commodity like oil or one of the grains, there is a finite limit because the thing is settled in whatever units the commodity is in.... barrels or bushels or whatever. On a cash settled contract, guess what? You just throw cash at it rather than taking delivery. Getting stopped out? No problem.. Just throw more fiat currency at it, control the threat, and in the end, you lose less than you would have if the thing had run amok.
I mean, from a loss point of view, which is worse? Losing everything due to the threat posed to the hegemony of the fiat system by cryptos or losing the fiat currency you create out of thin air & throw into a bottomless short? How much does it really cost for the big bank types to throw fiat currency at a short? All they lose is money and they were going to lose mountains of money anyway.
Until the futures contracts on the CME & CBOE showed up, the disruptive potential of cryptos was unrestrained. And everyone on the planet could load a chart of bitcoin vs the dollar and see the uncontrolled nature of the threat cryptos posed. Once they had the cash settled futures in place, crypto prices could be walked down,
And just go back & take a gander at the declines that have been steady since just about the time the futures contracts showed up as a variable in the overall equation. Direct parallel. They had no controls restraining disruption and prices ran up. Then the control mechanisms are put in place. Voila! Down come prices.
Raw power play. And guess who gets hurt? Companies who jumped in and took a risk.
Like KODK, who was failing anyway, so what did they have to lose?
It is a hard lesson but it is my takeaway. KODK may eventually come out with a coin. It all depends on whether the SEC permits their end-run filings. Clever attempt by KODK but the SEC may throw a monkey wrench in the works. We'll just have to watch and learn. I seriously doubt that the SEC is going to let KODK be the test case for their stance of whether coins are securities or not.
We'll see.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
Recent KODK News
- L'imprimante photo Kodak, fabriquée par Prinics, conserve son statut de produit à succès sur Amazon : Un favori intemporel • PR Newswire (Canada) • 07/08/2024 01:00:00 PM
- Kodak Photo Printer, Manufactured By Prinics, Maintains Amazon Bestseller Status: A Timeless Favorite • PR Newswire (US) • 07/08/2024 01:00:00 PM
- Kodak Photo Printer, Manufactured By Prinics, Maintains Amazon Bestseller Status: A Timeless Favorite • PR Newswire (Canada) • 07/08/2024 01:00:00 PM
- Kodak Photo Printer, Manufactured By Prinics, Maintains Amazon Bestseller Status: A Timeless Favorite • PR Newswire (US) • 07/08/2024 08:00:00 AM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 06:00:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:37:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:36:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:35:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 08:35:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:14:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:34:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:34:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:33:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:33:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 08:32:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:19:18 PM
- Kodak Reports First-Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/09/2024 08:15:32 PM
- Eastman Kodak Company First – Quarter 2024 Earnings Conference Call • GlobeNewswire Inc. • 05/02/2024 03:30:00 PM
- Prinics launches a new 'KODAK ERA' product line up • PR Newswire (US) • 03/30/2024 02:00:00 PM
- Fujifilm Files Patent Infringement Lawsuit Against Eastman Kodak Company • GlobeNewswire Inc. • 03/20/2024 05:35:59 PM
- Kodak Reports Fourth-Quarter and Full-Year 2023 Financial Results • GlobeNewswire Inc. • 03/14/2024 08:15:20 PM
- Eastman Kodak Company Fourth – Quarter & Full Year 2023 Earnings Conference Call • GlobeNewswire Inc. • 03/07/2024 02:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 04:52:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 08:58:58 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM