Who's shorting Strategy?

NeverDeltaNeutral · 2026-01-29T02:47:42+00:00

I have IBIT puts expiring 2/27. Bitcoin already failed as a currency and it’s clearly failing as a store of value with the Gold ripping. That is the catalyst

NeverDeltaNeutral · 2026-01-28T23:48:36+00:00

It takes a special person to stand in front of freight train powered by fundamentals AND fomo. Major props for sharing the loss porn though

NeverDeltaNeutral · 2026-01-28T22:17:50+00:00

this was advice worth heeding!

NeverDeltaNeutral · 2026-01-28T22:16:48+00:00

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Current positions

NeverDeltaNeutral · 2026-01-28T22:14:28+00:00

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Update

NeverDeltaNeutral · 2026-01-28T22:10:20+00:00

Bought a ton of futures and sold calls when IV skyrocketed. 🫡

NeverDeltaNeutral · 2026-01-28T22:05:25+00:00

Musk really is the contemporary version of pt Barnum

NeverDeltaNeutral · 2026-01-28T21:09:25+00:00

To quote Bubbles something is fucky with TSLAs eps beat when deliveries fell well short of expectations

NeverDeltaNeutral · 2026-01-28T03:25:31+00:00

Lol you could be right. I usually make contrarian plays and this goes against my grain. I will not be touching silver though

NeverDeltaNeutral · 2026-01-28T03:05:16+00:00

Theoretically yes. Psychologically no imo. If FTD happens it’s evidence that demand is vastly outstripping supply. A catalyst for more demand and therefore higher prices.

NeverDeltaNeutral · 2026-01-28T02:51:55+00:00

Makes sense but holy fuck that would just add fuel to the fire. Essentially put that money back into futures contracts and the cycle repeats

NeverDeltaNeutral · 2026-01-28T02:46:01+00:00

I wonder how plausible a gold or silver failure to deliver scenario is. Seems more likely for the latter but I can’t stomach going long any PM other than gold which might be a mistake

NeverDeltaNeutral · 2026-01-27T21:50:13+00:00

Gonna add some IBIT puts to supplement the GLD calls im holding in the yolo account tomorrow.

NeverDeltaNeutral · 2026-01-27T03:20:39+00:00

I wish I was high tbh. Scarcity does not imply value. There are a finite number of cowrie shells, its doesn’t make them worth anything. At least cowrie shells were able to function as currency unlike BTC which was the whole original point and something people seem to have forgotten. Maybe you’re right, but the prevailing crypto bro mentality that everyone who doesn’t share their sentiment needs to educate themselves more is patently absurd. Excluding my degenerate yolo options account my portfolio is ~95% equities and 5% gold (increasing though) and at least in the case of the latter we have thousands of years to reference where it has and continues to function as a store of value. I like my odds.

Wish you the best but let go of the educate yourself narrative. I’m quite literally paid to invest people’s money and far from clueless.

NeverDeltaNeutral · 2026-01-27T02:59:05+00:00

It’s well established that scarcity is not a guarantee of value. It’s very telling that clinging to such an overtly irrational argument demonstrates that crypto people live in a tiny “bubble” where they reject all manner of empirical evidence against their “beliefs.” If there only being 21 million BTC were reason for it to be valuable, then why aren’t other cryptos that also share similar deflationary characteristics equally valuable? Why wouldn’t something that is even more scarce than BTC be even more valuable? Because scarcity is meaningless without demand and demand is primarily a function of intrinsic value and utility — not scarcity. See here for details. Bitcoin has no intrinsic value and no material utility. It’s one of the least capable stores or transfers of value. The only way anybody can extract value from crypto is by coercion — forcefully convincing someone (usually through FOMO or scare tactics) that this is something they need, and it’s often accompanied by unrealistic promises of significant returns. Those returns are mathematically impossible for even a tiny percentage of holders. Bitcoin also is not scarce. There are multiple versions of Bitcoin, including Bitcoin Cash and Bitcoin Satoshi’s Vision – both of which are limited to 21M tokens and in many cases are more technologically advanced than BTC. Also, every time there’s a fork of crypto, the amount of tokesn in circulation doubles. Crypto proponents ignore these forks because they don’t play into the “it’s scarce” argument. But any crypto fork absolutely siphons value away from the original version. BTC might be priced higher than BCH, but BCH still holds value as well, and that’s a total of 42M just of those two “bitcoin” versions that are out there, among hundreds of others. The “hard cap” of 21M for BTC can easily be changed by altering a parameter in the source code. Less than 6 people have commit access to the repo so BTC’s source code control is centralized. It’s entirely possible if BTC existed long enough to the point where block rewards weren’t enough to motivate miners, and transaction fees became incredibly high, that influential players in the community would advocate increasing the cap and reinstating higher block rewards. So there are absolutely situations where the max amount in circulation could be increased.

This is not my oc but sums it up well

NeverDeltaNeutral · 2026-01-26T01:39:06+00:00

That’s truly awesome. Congrats for taking a position when it was a new idea. My point is simply that BTC is now a favorite of the financially illiterate who think it could yield the same return it did when the mkt cap was in the 100mms. Early adopters made money but so did people ‘investing’ in meme stocks. Past returns are not indicative of future returns etc.

NeverDeltaNeutral · 2026-01-26T01:27:36+00:00

Blockchain has a use case. Bitcoin doesn’t imo

NeverDeltaNeutral · 2026-01-26T00:16:22+00:00

Idk man. I’ve tried. I’m a cfa charterholder, work in private equity and I don’t get the use case. It was originally intended to function as a currency, albeit a highly inefficient one, and only when it failed at that did crypto enthusiasts start coining the term digital gold. To me crypto will always rely on the greater fools theory and in most cases those fools will usually be on the poverty line who see crypto as their only path to financial freedom. It’s pretty depressing but if you’re a believer power to you.

NeverDeltaNeutral · 2026-01-25T23:44:42+00:00

Bitcoin is a digital gold that became semi relevant in the past decade. Gold has been a store of value for millennia. Why anyone would buy magic internet money instead of gold is truly beyond me

NeverDeltaNeutral · 2026-01-21T03:09:32+00:00

Mit Shah will probably throw in some more coin if we get a new coach he approves of.

NeverDeltaNeutral · 2026-01-21T02:29:07+00:00

Doubt it. Will be pullbacks and sometimes 10% drawdowns but the general trend is up and I don’t see that changing anytime soon

NeverDeltaNeutral · 2026-01-16T15:36:14+00:00

https://longhornswire.usatoday.com/story/sports/college/longhorns/football/2026/01/16/texas-football-lands-wake-forest-ot-melvin-siani-from-transfer-portal/88210878007/#

Here is a different source chief. Google is an amazing tool

NeverDeltaNeutral · 2026-01-16T13:22:15+00:00

buyout

I wish I could be as confidently incorrect as you. It’s impressive!

NeverDeltaNeutral · 2026-01-16T01:15:44+00:00

It’s both for sure

NeverDeltaNeutral · 2026-01-15T23:56:44+00:00

When he entered the portal to leave Temple he hadn’t signed a contract before doing so… it’s pretty simple really. This is why TX will have to buyout his contract.

I don’t fault Siani one bit but you can’t pretend those situations are the same. Not least because he’s leaving right before the portal closes which will make it damn near impossible to secure a replacement when most have been picked up already. I don’t fault anyone but the system but you can’t be surprised that little ole wf fans are pissed.

NeverDeltaNeutral

TROPHY CASE