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Just tried to buy a couple shares of GME on Schwab and they wait until you actually click the Place Order button to tell you the GME security is invalid and can't be found. This whole thing is a coordinated effort to stop the short squeeze from happening.
This is a battle that will benefit bitcoin one way or another. I think we should all do our part and at least buy a share or two (if you can find a broker who will sell you one).
Edit: Actually, I kept trying and the order went through.
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Without government intervention, this one Gamestop stock could topple the world economy. The losses are unlimited since there aren't enough shares in existence to cover the short and most of the people holding the shares aren't selling anyway. The shorts are actually increasing now as the price goes higher.
If the government does step in, it will just add fuel to the fire for the next stock they target (or silver).
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What's to stop GME from just issuing a billion new stock?
Why would they do that? They want to wipe out shorts too. |
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GME is now $245 (up 64% premarket).....but AMC is now $20.62 (up 304% (!!!) pre-market...such wow) is this a social phenomenon? I think this is the start of something major. It could wipe out some big wall street names. This changes everything if they succeed. They will keep going after other stocks until the system collapses or the government steps in. Also, there is nothing currently illegal about doing this. There is no insider information, just a bunch of like minded people exchanging trading ideas based on publicly available data. https://www.reddit.com/r/wallstreetbets/comments/l5vzsz/citadel_realizes_how_smooth_brained_melvin/ |
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Yes, there are more shorts than there are shares in existence! Massive naked shorting. |
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Lol  No inflation at all. It's completely flat. Why can't we get any inflation going? We need inflation to spur economic growth but no matter how much we print, there's no inflation. -The Fed |
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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. We really need a demerit system on here. Some statements are just so wrong, they need to be demerited. People keep conflating the usefulness of an alt app with the monetary value of the app. Blockchain is a useful tech in some cases but it has nothing to do with digital value. BTC is digital value, not blockchain. Just because an app is useful doesn't mean it needs to capture monetary value in its token. It can work just fine without a token, with a plain database, or with a token of nominal value. BTC is value itself so the usefulness of BTC necessarily means that it captures monetary value as it becomes more and more useful. This is not true of any other alt, app, token or database. The war was fought and BTC won. There is only one value capture coin. The winner has been crowned. There will never be another. Investing in alts means missing out on BTC. |
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That's great news. I hope he has a talk with Janet Yellen and straightens her out as well.
Yellen isn't off to as bad a start as Crypto Twitter might have you think. Released just yesterday: Dr. Yellen, what do you view as the potential threats and benefits these innovations and
technologies will have on U.S. national security? Do you think more needs to be done to ensure
we have appropriate safeguards and regulations for digital and cryptocurrencies in place?Answer: I think it important we consider the benefits of cryptocurrencies and other digital
assets, and the potential they have to improve the efficiency of the financial system. At the
same time, we know they can be used to finance terrorism, facilitate money laundering, and
support malign activities that threaten U.S. national security interests and the integrity of
the U.S. and international financial systems. I think we need to look closely at how to
encourage their use for legitimate activities while curtailing their use for malign and illegal
activities. If confirmed, I intend to work closely with the Federal Reserve Board and the
other federal banking and securities regulators on how to implement an effective regulatory
framework for these and other fintech innovations.Thanks. That is completely different than what was posted earlier in this thread. Lovely how people are already twisting things 1 day into the presidency. |
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I thought this would happen after old Joe took office. Hardly surprising.
One of the first things Biden did yesterday was freeze ongoing FinCEN regulation, which includes the self-hosted wallet legislation that was being pushed through by Steve Mnuchin. But since Mnuchin is a Republican everything he does is good and everything Biden does is bad, right? People hating on Biden over bitcoin are dumb. Their one dimensional outlook on politics is long outdated, but they continue to cling to it out of a combination of fear and ignorance. Can't you at least wait until Biden says something like this before jumping to these types of conclusions? That's great news. I hope he has a talk with Janet Yellen and straightens her out as well. |
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time to look for the keys for those old wallets where you keep those shitforks and airdrop. Got rid of all that a long time ago. I marvel at the rates people were willing to pay for some of that junk. 4% for Bitcoin Gold? Mmkay then. 3% for BitcoinX (what even was that?). 2% for Bitcoin Diamond (they're not real diamonds y'know). ...and 40% for BTrash! |
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he is a shining example of why and how free speech can be used to do evil.
The reality is Mining BTC with solar is viable and solar can be greatly expanded due to the profits you get from mining BTC.
It is sad when a person spout lies under the guise of free speech.
Incentives for large solar arrays can be done and most mining can be handled that way.
Instead of banning BTC like the fool says he should be saying incentives must be done to make more solar arrays.
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What veneer? Doesn't everyone already know it's a complete shitshow? It's communist! |
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 in a few years we will be among the top3  What are you smoking? We are only months away from #1! |
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Do you guys here really believe 100 thousand $ is possible in the year 2021?
I for sure hope so, I would be able to retire & provide everything to my children forever.
It should be in the next couple of months. 40k - 80k should go pretty quick. Who knows how long to crack the big 100k though. |
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I really like and encourage critical thinking. But starting your "critical thinking" process by simply denying a election result is not my understanding of "critical thinking" it's more like a state of denial. There are people who simply claim there is no pandemic because there are no viruses in the first place. Thats not "critical thinking" that's just a straightforward lie. And this stuff somehow has to be controlled in the future. Otherwise the whole internet idea collapses in itself, because the people are not able to cope with the "information" aka "lies" they read. //But i obligate to go back to the bitcoin price movement, instead of arguing over the internet.  As free people, we all have the right to think whatever we want and believe whatever we choose to, including denial. There is nothing illegal about choosing to believe something that is seen as false by 99% of the rest. When something truly sinister happens in the world, you'll be thankful for these overly suspicious conspiracy theory believers/non-believers. Nothing has to be "controlled". We succeeded in surviving as a species for millions of years just fine without any control. In fact, religious control set us back a couple thousand years. That should be enough of a lesson right there to stop the idea of controlling anything beyond setting clear laws and enforcing them. Just punish those who break the law and ignore the voices you don't agree with. If enough people really get behind an idea or a person, there is probably some truth behind what they believe. Nothing in life is black or white. Everything is a shade of gray. What you have to ask is "why" so many people like Trump. Do you really believe they are all mentally ill? Critical thinking would be trying to understand what people see in Trump, not saying we must control something so people don't end up liking a guy like Trump. |
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Overall, I find the orange man laughable, but at the same time i have no issue taking his side on censorship and being against big tech colluding to blacklist Parler. Guess i'm the minority that's able to think across the made up lines
that is true. I don't like the development where big tech companies decide which content and which ideologies are displayed and which are not. But at the same time, I think that something has to be done about the spreading of incitement and untruths. You can't have it both ways. People need to think for themselves. You can't have truth or thought police. This path leads to the dark side. |
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Re the "panties" pics: there seems to be a perfect correlation between getting a bag of groceries and losing the panties It also seems to happen in bowling alleys for some reason. I have talked to several real women about this, and apparently this does. not. happen. Which means these images might be from a post-apocalyptic future where womens' panties are lead lined to protect from atomic fallout or a universe where the gravitational constant is higher. Or someone really likes bondage in a very very specific way. Dunno. I think it is based on the times during WWII when there was no elastic/rubber as it was all going to the war. Maybe this happened a few times back then and became a fetish. |
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I do not really get this discussion about censorship. I don't see any censorship here, I see (rather large) companies exercising their contractual freedom in highly centralized environment. I'll admit that these times there is a narrowly defined narrative what is the right thing to say and think and often companies trying to avoid customer unhappiness in form of a shitstorm tend to follow that narrative to please their customer/user base. But since you are basically unheard/invisible if you're not on Twitter (anymore) it is a form of censorship nonetheless nowadays. It is somehow ironic how many BTC-enthusiasts actually use Twitter and not something like mastodon. Decentralization does not only fix the monetary system, it would also fix social networks and energy production etc.. Email for example is decentralized, gmail might kick you, but then you can use hotmail (or go straight to protonmail if you're one of the brighter candles on the cake) or even register your own domain and run it from your living room on a rpi. If Amazon decides not to deal anymore with Parler, that is fine by me. If Jack Dorsey thinks the orange nutjob is not worth the trouble anymore, that's his decision. People unhappy with that or missing the wisdom of Donnie should vote with their feet/d and use another company for their needs. What keeps them from running their own infrastructure? Mind you, that was actually the thought behind the internet, being decentralized and everybody being able to run a service on their own computers. One addition to the above, I might have left the impression that you and I are customers of Twitter or Parler or Facebook, that is not what I meant. We are in fact a supplier, we deliver the product that Facebook sells to advertisers, governments and aliens (basically everbody who pays for it). In turn we are paid for our generous delivery (you'd be astonished what the data about you - your data is worth to them) with "free" services that we can use. This bargain seems obviously too good for most of us to take care and take things into our own hands (i.e. using open standards like Jabber) and run our own services or use easily exchangeable small service providers that offer that to us for a small fee. Anything that is removed, is by definition, censorship, whatever the motivation for removing it. Even if there are 100 twitters, if the industry as a whole deletes posts of a certain type, it has the same effect as mass censorship. To ensure we remain a free society, censorship must be fought whatever the form. Even if that form is the profit seeking of media companies. There is just too much temptation for political corruption and manipulation of opinions by deciding what gets removed and what remains. Only laws should determine that because laws are voted on by our representatives and can't as easily be manipulated as an employee making a biased decision about a post. |
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