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.  |
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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.
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Robinhood opened trading back up for Gamestop after getting an extra $1 billion from investors.
Gamestop price up over $300.
What people don't realize is how this whole GME debacle has exposed a much larger, more sinister issue at hand. Why are American Hedge Funds massively shorting hundreds of small-cap, mainstreet mom and pop value stocks, while going long only a handful of Hi Tech large-cap growth stock companies? Hmmm? Well let's see.... 1. Each time the Fed prints more trillions $$$ fiat, each dollar printed produces less and less GDP growth. They can't have all those new fiat dollars dilluted across thousands of stocks. So in order for those fiat dollars to have any effect on high flying stock prices, they need to be concentrated, funneled onto just a few favored stocks. Like the FAANGS. Pump the few FAANGS, and tether all other market indexes to them. Short the hundreds of main street stocks that don't matter. "You shouldn't fight the Fed."2. Put the businesses you hate/don't fit your future NWO out of business; prop up the ones that do fit your NWO and make them gain in market share. Wall Street is literally now betting *against* main street America. And Covid-19 helped them.  |
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Comparing Bitcoin to the internet is deeply flawed.
honest question: why is this deeply flawed? please elaborate. Internet started as an idea, which later was implemented as ARPANET (which most people nowadays have never heard of). The idea lives, but it is a collection of myriad of technologies, networks, protocols, cryptography, devices etc.. It's not one thing, it's all of it. Greatness of the internet is that everyone can use it and benefit from it, but it's not an asset you can buy. Bitcoin is code and data, which uses cryptography and was intended as a trustless digital currency to allow direct transactions, however it is more store of value since, and more so as its value rises. Greatness of the Bitcoin is the concept, the idea, and that doesn't need BTC to live, same like internet doesn't need ARPANET. There's a lot of more accurate analogies (key word is analogy), for example, what Ford T is to the idea of vehicle, Bitcoin is to the idea of currency. For now, lot of people believe it is safest and most rewarding asset you can own today - me included, otherwise I wouldn't be BTC hodler. All I was saying was, no one can predict next 10y. I doubt Satoshi 13y ago ever thought what it may become and be used for.  |
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