https://www.cnbc.com/2021/02/01/how-bitcoin-could-be-the-new-gamestop.htmlData from crypto news and analysis company The Block shows that hedge funds are short bitcoin by more than $1 billion.
That term “shorting” means that traders and hedge funds are betting that the price of bitcoin will go down. Those short positions ramped up starting in October 2020, just as bitcoin’s latest rally began to take hold.
Meanwhile, individual investors are still buying into bitcoin, among other cryptocurrencies, as they bet that the price will go up.
Sound familiar?
Coincidence? I don't like the highlighted part, as we (or some of us) have seen how the hedgefockers work..
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No matter what happens on the stock market or the bitcoin price I'm pretty much set.
I just installed the Brave browser yesterday and I've already made 8 cents just by browsing so...
ya, you can say I'm kind of a big deal
....
ahhh yes! the old BAT shitcrazy shitcoin. I think I tried playing with that one awhile ago.... However, my Basic Attention span didn't last more than 3 minutes. I must be catching Millennial Disease.... Compared to mine, 3 minutes are fucking good  It's all relative  |
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WSB was announcing (physical) Silver stock $SLV as the next target AFTER the short squeeze. On reddit they emphasize how important it is not to get distracted from $GME. BTC seems to be chopped to the range $33.xxx No market manipulation involved *duck* #hodlersunaffected  |
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Also... dunno why... but I keep reading u'r name as "Out of Money".  Because it's true! I want to get out of the current monetar y fiat scheme |
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dips look attractive
but when you're out of money
then they look ugly
#hodlsleephaiku
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Just read the comments on Twitter: peeps are shilling Doge and similar shitcoins like there's no tomorrow. Don't care about them shills, but is this actually a number? 48k BTC i read were sent to exchanges last month alone, according to twitter source. Didn't check the stats yet by myself. That's an amount for ants. And why it's considered to be bearish? Moving BTC to cold wallets is bullish imho.. With about 1.5m BTC total on exchanges, this is a small amount. What i see from the above graph is that price is inverse related to exchange reserve. Reserve shortage seems to front run price climbs, so t should be bullish imo. I don't get why (some) BTC bulls interpret that as a bearish signal. EDIT: Compare with viewbase graph from Jan. 2nd, where the price pumped on the 3rd. Also similar amounts of coins left exchanges back then. |
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Just read the comments on Twitter: peeps are shilling Doge and similar shitcoins like there's no tomorrow. Don't care about them shills, but is this actually a number? 48k BTC i read were sent to exchanges last month alone, according to twitter source. Didn't check the stats yet by myself. |
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Just don't forget to do yourself something good, man  Fine. I'll market-buy another 100 shares of $GME tomorrow morning then, because, fuck you, that's why.  IDC, honestly. As Arrie said, the enemies of my enemies are my friends. You already got my respect for joining the game Oh, yes... and that "rescue Rick from wage slavery"-thing, of course. I'm in for a whole share tomorrow, because i have yet only market bought fractional positions (which i will hodl forever). I did hard not to put that $ into BTC on the second dip today, TBH though. I am a bit concerned that the same hedge funds would have to sell "our stuff" to make the ends meet, at least at first.
Later on, markets would flood into bitcoin because it is a free market, at least mostly free.
First they will sell stonks and physicals. Consequences of WSB movement might be so complex that they may even help wiping themselves from markets, i mean THE Black Swan event regarding vapor finance. Nobody knows where and when it might end, but a corrupted bullshit system like this should die suffering at some point. That would also be a chance to reset crypto, because they will (at best) suck out all fiat they can from it, until they clear the BTC market and die anyway. Fair conditions for everyone again, except for hodlers, they will still "own" the market, i guess. "They" believe in fiat so much, that fiat has to be their biggest weakness, somehow. This is a foundation for Black Swan events. Rely on and hold on to a believe that proves false. |
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It has to rise 25% before any profit.
Profit ? Who is talking about profit ? I'm not. I'm in it for the chicken tendies and cocaine dipping sauce, to be honest. Going full retard, playing my half of the part of "eccentric interracial gay couple". So what if I lose some money here and there. It's just money. Billionaires are bleeding out and about to commit sudoku on a scale not seen since The Great Depression. Keep your eye on the prize.
If people lose focus too early, the sqeeeeeze might not take place. One target at a time. It will take every penny to make it happen.
Fuck you, man. Carpet bombing. Hit multiple targets at once. Don't you dare tell me how to waste my money. My two cents: If you did not plan to stick more $$$ into $GME (for whatever reason) it doesn't matter where you put your more $$$. People are afraid the squeeze would not happen because of distraction and FUD. God knows their motivations. As long as you put $ into combating hedge-bitches, it's fine as long as it helps to actually reach this target. Many people point out that buying SLV would help Citadel more than it would hurt them, so it wouldn't be wrong to check up you don't work against your own goals in the end. Other than that, i doubt anybody would actually dare to tell you how to waste your money. I sense some more grumpiness in your posts lately. IT'S OK! Just don't forget to do yourself something good, man |
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I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off <internet.site>
Let's get back to crashing the economy. I'm trying to do my small part.
Buying some junk silver will not crash any economy. Depending on location but Silver is one if the biggest money trap there is. It has to rise 25% before any profit. Gold in most places does not have the tax burden to deal with but still happily sold last piece last year. Commodities is so last century, even toiled paper is abetter investment because its needed, no-one needs a silver spoon. Silver does seem like a silly target to crash the economy plus the drama of Gamestop isn't over yet. If people lose focus too early, the sqeeeeeze might not take place. One target at a time. It will take every penny to make it happen. This, this, and this. 1. The WSB/ RH crowd is getting deliberately baited away from GME and onto something else (in this case, silver) in order to dilute their strength and resolve. 2. Anyone thinking that silver can actually be "squeezed" by worldwide retail buying power needs to do more research. TL/DR; it can't. It's not even remotely the same as the GME situation. 3. The fact that it can't be squoze, is precisely why the establishment traders are luring dumb money there and away from GME. 4. Just read that Citadel is the 5th largest holder of SLV. That means they will dump their SLV on any significant pump to cover any losses on GME, or for any new capital needed. There will be weak hands. Also because there are some "myths" out there. 1. Planned sell at $1000 (because WSB members said GME should be pumped to $1000, which RH and co. defeated) 2. Some won't risk their profit for a short squeeze "probability" 3. FUD and misinformation, like SLV SS, WSB may crash economy (only wallstreet is allowed to crash markets, remember?) 4. some other things i did not read about yet... As a fact, you can read the posts of the weak hands on reddit and staff/core members of WSB try heavily to teach people to hold over the next week AT LEAST. Let's hope enough people show some sanity and TRUST to keep this thing rolling. Let's hope the system does not let the hedgefuckers escape or enable them to recover by causing damage to other parts of markets. Let's hope there will be politics without corruption one day. |
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No more fiat to buy, finally #hodl EDIT: I can't shake off the suspicion that WSB affiliates are using the NYSE off-trade window to accumulate more powder to shoot at them stonks.  |
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Never forget: "Not your keys, not your Bitcoin."
This is something a lot of people still don't understand. Unfortunately a great number of them aren't newbies either but, but... it's much more convenient! Robin Hood was a good guy, right? The more the better, to liquidate  While it seems bots are pushing down the price into a narrow range. WS collecting money for buying GME stonks? Now it's WallStreetBullies vs. WallStreetBets. Let's get it on! |
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My enemies enemy is my friend.
This. This move is like the rebel yell of the exploited, kicking off the revenge of "Occupy Wallstreet". Hodlers and WSB are brothers in arms. |
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LOL, listen to this crybaby. https://digg.com/2021/leon-cooperman-cnbc-gamestop-stock-price-interviewHedge fund billionaire Leon Cooperman went on CNBC to decry the Reddit-fueled frenzy that's currently sending shockwaves through the trading markets. The irate businessman said that people who are sitting at home and trading stocks using government checks was a "bullshit concept" and "a way of attacking wealthy people."
This does it. I haven't been into stocks for many years, but I'm buying GME on Monday to show my support. I too can stay retarded longer that those hedge funds can stay solvent. These diamond hands have practiced hodling for many years. I thought the same on Thursday. RH, by the way, should just go bankrupt, be sued and fuck off. What a shame for the great name they are carrying! Maybe it's even worth it in some twisted way....
Of course it is and it's called integrity, worth a lot more than $100. What's $ anyway? BTC itself enabled me to just throw $300 at GME stonks, only to support WSB. If i get some money back, well, i won't refuse to cash out, but the majority of my GME holdings will be held as long as possible. |
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I saw Elon Musk making and breaking bitcoin trading.
And I don't like it.
That's BS. He pointed out how heavily shorted bitcoin is. It's a 50% chance that we can all thank him, later. How can he held responsible for pump&dump twitter twatters who blindly follow a one line tweet? Rethink. |
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I see recovery from the "sharkfin" pump. Trajectory went steeper, back to #hodl. Squeezed a low percentage of Bitcoin out of recent shitcoin pump'n dump. This is fine |
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Dear WallStreetBets: Hedge Funds Are Very, Very Short BitcoinHere we respectfully bring to the attention of r/wallstreetbets something they may have missed in their search for shortable equities: move to futures, where one asset stands out. According to the CFTC's latest Traders in Financial Futures report, the net short position in bitcoin futures is now the biggest it has ever been.  What better way to hammer those evil hedge funds than to follow up the "short" colonoscopy with a moonshot in bitcoin, which leads to even more billions in losses. have the feeling something unexpected will happen 2021. we are on the edge of a paradigm shift. I can feel it too.  https://twitter.com/DocumentingBTC/status/1355199998808514560 |
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What are Dogecoins? I'm not familiar with all the different cryptos out there. But a 200% is not negligeable. Is that what you call shitcoins? Like short term increase, high volatility, but no long term prospect?
Dogecoins? I guess it's what comes out of your dog on a walk., innit? The things you pick up and seal using a plastic bag, right? |
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Hello WO, I have a general question to WO‘s who are located in Germany. It would may sound a bit silly.. so. It is regarding income tax „Einkommensteuer“ if I hold the BTC a year time frame unsold i should not pay any tax to revenue office (Finanzamt). So, I bought the BTC last year in October on a Platform and transferred it onto my ledger in this month. My question is, when the countdown starts to avoid from paying any income tax? From October/2020 or January 2021? I really appreciate your help! Many thanks October. You just moved it, so there was no subsequent trade. Do you know the little german brother of the WO thread? https://bitcointalk.org/index.php?topic=26136.new#new |
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