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1501
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 28, 2021, 09:24:00 PM
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Is it wrong I am now FOMOing silver?
It won't work for silver though. The r/wallstreetbets tribe shouldn't even try, 'cause they'll get their butts handed to them. All the bullion banks are in bed together, and have been colluding for decades now. They got infinite, naked shorting power against the PMs. Buy PMs because you like them and as a hedge. |
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1502
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 28, 2021, 06:54:13 PM
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Can these billionaires learn to shut the fuck up about Bitcoin until they actually sit down and learn something about it?  This is why the public thinks they are complete idiots, and why no one should care what they think.    and then literally on Jan 28, 2021What I Think of Bitcoin https://www.bridgewater.com/research-and-insights/ray-dalio-what-i-think-of-bitcoin"Overall, it’s clear that Bitcoin has features that could make it an attractive storehold of wealth; it also has proven resilient so far. However, we have to acknowledge that this financial vehicle is only a decade old. In absolute terms and vis-a-vis established storeholds of wealth such as gold, how will this digital asset fare going forward? Future challenges may still come from quantum computing, regulatory backlash, or issues we haven’t even determined yet. Even if none of these materialize, Bitcoin, for now, feels more to us like an option on a potential storehold of wealth." |
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1503
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 28, 2021, 06:26:58 PM
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What fun. /r/wallstreetbets are sorta like us, just A LOT zanier. And way more degenerate.
The Streisand effect?
The things one learns in WO... Thanks guys! Not interested in buying GME, but it's so interesting to see the drama unfold. Are we all plugged into a Matrix universe? Have we all taken the BLUE pill? More importantly, is Bitcoin the RED pill? One choice is much easier than the other... the r/wallstreetbets tribe just hasn't realized it yet.  |
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1508
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 27, 2021, 06:33:07 PM
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However, I think there might be legitimate reasons for limiting margin (leveraged) trading: if the shorters are insolvent, a massive liquidation might leave some longers holding the bag, and would sure as hell hurt the broker.
Well then if that were the case, they should close the trade and liquidate everyone asap. Why allow trading to continue? Don't answer that, I know why. It would expose all the re-hypothecation and phantom sharing going on. The world will someday understand why tens of thousands of legit small cap value stocks are getting constantly getting squashed, while just a few favored growth stocks get pumped to the moon. There is an agenda behind it. How else do you funnel newly printed money where you want it to go?  |
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1510
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 27, 2021, 03:24:19 PM
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Why would they do that? They want to wipe out shorts too.
To raise capital from the bubble because the business is actually a loss-maker? Anyway, appears they're limited in their charter to 300 million common shares, so only about 1/4 billion available to them Theoretically they could raise capital (more debt) against the collateral value of their existing shares. That's typically how it's done. I'm sure there is a lot of internal talk going on at GameStop HQ rn about how to capitalize on all of this. |
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1511
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 27, 2021, 02:57:05 PM
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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/Despite some shorters out there who are above board and are legit trying to root out corruption like Jim Chanos, most are complete scum of the earth. Their whole career is based on perpetual pessimism and misery. And most of them absolutely do crooked shit like naked shorting. They don't play by the rules. Andrew Left is the worst, he makes people like Jordan Belfort look like a saint. |
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1513
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 26, 2021, 06:20:09 PM
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this, basically. i always had enough hobbies and interests to never be bored working or not. and you may find areas of interest that you never would of though of once you dont need to keep someone elses schedule. once your time is truly yours and not someone elses you might be surprised where your wanderings take you. i havent worked for years and never have had more fun and new interests. its vastly more satisfying to invest your time into your projects rather than try to fit your lifestyle around some corporations daily schedule.
The thing that used to annoy me most about conventional corporate wage-slavery was the 9-5 hours, specifically the 9 part. We all know that some people are morning people, some are night owls. I'm definitely the latter. No less productive, just more productive in the evening than mornings. Yet employers insist that everyone starts at 09.00. There was hardly any point me starting work at that time, I had no ability to focus until at least 12.00. And just when my focus was starting to really come together at 17.30, it was time to go home. Ridiculous working system reflecting a bygone era And why is it always seen as a virtue to be a morning person, yet it's assumed that night owls just sit around watching TV or playing video games late into the night? And busy-ness - why is that seen as a virtue? There seems to be an underlying assumption that the busier a person is, the more virtuous they are. Why is so little value attached to making time to do nothing, to think, to slow down and to ponder the big questions? If you ever spend any significant time around mid-level managers, VPs, or C-Level executives (or if you are unlucky enough to be one yourself), you see how their entire workday is just slammed full of meetings. Meetings meetings meetings. And boy do they ever love to go to meetings, and talk and pontificate about pointless shit. All day, every day. And they view this as "productive time", as "work". But of course it's not actual work, because they never have any real action items to actually *produce* something from the outcomes of all these meetings (except for more fucking slide decks, lol). They are not the ones that actually have to go off and produce something tangible, it's all the worker-bees that do the actual work. That's why executives, VPs, and mid-level managers can go home at 5 or early, workout, eat well, enjoy being with their family, get a good nights sleep, and get paid lots of money... because they never really have to take actual "work" home with them, or stress about it after hours or on the weekends. They are not really on the hook for getting the real work done. And they are totally fine with that. Why do you think they are smiling and laughing all the time? Once I figured out that's how the corporate world works, I couldn't wait to get out. What a total waste of my brainpower dealing with all that crap. |
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1517
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2021, 10:57:51 PM
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I could be OK with 500K per, but just barely. EDIT: as to printing and taxes-I never got stimmy II even though they have my info. A post office "dog'' must have eaten it. I just hope that I would not have to go through some bureaucratic nightmare when turbotax would claim that I got it and I did not (de facto). I file my taxes in october a legit extension. as of today no stim check ii and no tax refund. over 4k due me between the two. maybe it comes on my birthday at the end of this week. I got stimmy 2 but no stimmy 1. My SO got neither yet. What a fkd up system. |
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1520
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2021, 06:56:38 PM
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About Japan and inflation, keep in mind Japan is a very special country. All the kinky stuff aside, Japanese people own a majority of their stock and bond markets, on top of lots of assets in other countries. Then large companies are run like families, where layoffs are minimized, etc., and employees are very loyal. Then there is the fact they're not making children anymore, and there is no immigration. Many factors that can explain the low inflation despite printing money.
Yes that. And there's other factors that create such a low inflation (stagnant) environment there for decades. If there is no real wage growth (salaries are capped or stagnate), no population growth, and the supply chain of goods/services is controlled in such a way that prices don't change much, then guess what, you don't have more fiat Yen chasing less goods/services so you don't get more main street inflation. At all. The banks just keep buying up more and more debt, and none of the newly printed fiat gets down into the pockets of the Average Joes and Janes. People there make just enough money to live and get by, and that's about it. "Everyone has a job and is happy, but no one owns anything." Or so the Socialists would say. |
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