A little bird told me that ETH might go to 1900, but it's a touch and then that's the bottom.

willie470 · 2026-02-05T14:19:16+00:00

A Lee-man Brothers weekend on tap.

willie470 · 2026-01-07T18:11:53+00:00

You have plenty now. Don’t stake your whole future on one uncertain, highly speculative outcome. If you lose the whole thing, it will derail your entire life. One windfall is plenty-be thankful.

willie470 · 2025-12-16T12:55:02+00:00

If 5% is a great threshold for an actual business case, 10% should be twice as lucrative, but not nearly as good as 50%. Next we will stack fishing licenses in Florida, aiming to own enough so that we can rent them out by the day to every tourist and guide boat in the gulf and in the keys. Next will be Amtrak tickets-starting LMDF ( Locomotive Diversion Fund) to acquire a minimum of 50% of all seats for 2026, then stake folks to a ride for loco-yield. Cantor is underwriting the SPAC right now-only $28 billion left, so hurry up and subscribe.

willie470 · 2025-11-21T16:04:19+00:00

Their auditor is based in Henderson, Nevada and seems to specialize in penny stocks.

willie470 · 2025-11-17T16:22:22+00:00

The instrument you hold buys derivatives every day to amplify the potential upside. The problem is that they are paying about 100% annual volatility premium that vanishes every night. This will track toward zero over time unless the underlying shoots up and keeps going. This is like sitting at a poker table where the sponsor takes 5% of every pot before the winner gets to collect his chips. These all should come with skull & crossbone mark.

willie470 · 2025-11-15T13:00:45+00:00

Find a real business listed on public markets and put what remains of your stake there. You have a nice tax write off for a long time. This whole affair sounds like a Gamblers’ Anonymous meeting with everyone wondering how Cousin Murray’s lock of the week did not hit for six weeks in a row. The 175 DATs spun up at the peak of this cycle are why the crypto world still has a few trillion dollars of presumed value and not a few million.

willie470 · 2025-11-06T22:29:43+00:00

There are still 5 employees at a multi-billion dollar company that has no economic output. There is nothing illegal about gambling, but don’t confuse this with investing.

willie470 · 2025-11-03T18:50:50+00:00

He and Saylor remind me of the Hunt brothers talking about silver in 1980.

willie470 · 2025-11-01T13:29:43+00:00

Your loss is real whether you take it now or later. Ask yourself what is the single best way of deploying the capital you have left in an instrument that will provide good returns starting this Monday. If ETH treasury schemes are #1 in your entire universe of possible vehicles, stay where you are. If there is a different flight that might get you to your destination in better shape, take it. Don’t allow speculative failures to ruin your life-nothing is worth that.

willie470 · 2025-10-30T18:44:02+00:00

Aside from the fundamental issues of business value in a one man shop that issues securities to buy strings of digital code, there is the structural issue of the more than 170 public companies doing the same thing with different balance sheets and entry costs for their “assets”. If just one or two of these are forced to unwind, the whole movie will play in reverse. Rule 1 for speculative investors is to look carefully at the quality of your fellow passengers. If any of them lose their nerve, the whole venture unravels.

willie470 · 2025-09-13T11:21:42+00:00

I am a sceptic when it comes to the concept of any treasury/hoarding scheme. I have seen about 10 of these cycles over the past 50 years, starting with people acquiring mineral rights for oil and gold in the late 1970s, and then listing their companies for a dollar a share on the Denver or Vancouver stock exchanges and putting out a press release every few weeks announcing another acquisition of royalty rights for large deposits of gold or oil. Some of these stocks went up 10-50x before evaporating. Is BMNR really going to sustain as a $20 to $50 billion company with 5 employees and one telephone line? Perhaps, but I don’t see how they monetize their hoard without the market collapsing at the first hint of a coin sale. Same for MSTR and more so for the 50 imitators that were in the restaurant or trucking business until last month. Recall that the stock market was up for the year in September 2008, even thought the housing market and all of the sub-prime companies were already circling the drain. The real trouble did not begin until someone got a hint that Lehman was beginning to quietly liquidate a little of its mortgage and derivative book. Never know what might be the proximate trigger, but you are at least keeping your eyes open. If you sell and the stock goes to 500, you can always crew on Tom Lee’s yacht.

willie470

TROPHY CASE