Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Biodom]

https://www.reddit.com/r/wallstreetbets/comments/l60euz/theory_the_hold_is_working_and_the_squeeze_is/

They are talking about $5000+ when this thing implodes and it's only at $147 right now. History in the making if they succeed.

Edit: Actually $225 in early trading.

GME is now $245 (up 64% premarket).....but
AMC is now $20.62 (up 304% (!!!) pre-market...such wow)
is this a social phenomenon?

[rolling]

https://www.reddit.com/r/wallstreetbets/comments/l60euz/theory_the_hold_is_working_and_the_squeeze_is/

They are talking about $5000+ when this thing implodes and it's only at $147 right now. History in the making if they succeed.

Edit: Actually $225 in early trading.

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/

[LFC_Bitcoin]

Price action sucks at the moment, looks like we’re about to go under $30,000. I hope we don’t go too low, there must be some buying pressure somewhere close to the current price. Who the hell is selling?

HODL

[dieselmeister]

Price action sucks at the moment, looks like we’re about to go under $30,000. I hope we don’t go too low, there must be some buying pressure somewhere close to the current price. Who the hell is selling?

HODL

bought on the way done for 250€ ... let's have a look how many of my 9 8 left orders will be fullfiled. (500 € interval downwards) (Yes, the end of the month is there. I got money again )

[Alexander_Z]

Who the hell is selling?

Everyone (except, of course, that there is one buyer for each seller). It's freefall.

[ghandi]

Prepare you anus! this one goes deep!

[dre1982]

Prepare you anus! this one goes deep!

 

Well how deep can you handle, that's the question. 

[fillippone]

https://www.reddit.com/r/wallstreetbets/comments/l60euz/theory_the_hold_is_working_and_the_squeeze_is/

They are talking about $5000+ when this thing implodes and it's only at $147 right now. History in the making if they succeed.

Edit: Actually $225 in early trading.

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/

GME is the new Bitcoin.
The new "Millenial's middle fingers to banking".

They are even organizing 1K parties!

[vapourminer]

Price action sucks at the moment, looks like we’re about to go under $30,000. I hope we don’t go too low, there must be some buying pressure somewhere close to the current price. Who the hell is selling?

HODL

i had a buy trigger at ~$29.7k like 10 minutes ago

everyone selling btc to buy GME lol

i must admit this GME stockmarket game looks like fun.

[Torque]

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.

[yefi]

What's to stop GME from just issuing a billion new stock?

[rolling]

What's to stop GME from just issuing a billion new stock?

Why would they do that? They want to wipe out shorts too.

[Thanos01]

Price action sucks at the moment, looks like we’re about to go under $30,000. I hope we don’t go too low, there must be some buying pressure somewhere close to the current price. Who the hell is selling?

HODL

Weak hands probably, they can effect the market easily.
Ofc im holding man .

[yefi]

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

[Torque]

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.

[d_eddie]

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.

I agree they must be talking about it, but I doubt a bank will be happy to make a loan backed by reddit-inflated collateral. Let's not forget GME business model doesn't look that promising. It's been a few years already, not a recent thing.

On the other hand, I'm more than happy if a few large hedgies get rekt. That will teach a few lessons about rehypothecation - which is right up our bitcoiner alley.

[dre1982]

Welcome back $30000 and please don't go away anymore.

[d_eddie]

The hourly does look as if a local bottom was found. Please don't post pretty butts yet though.

[Cryptotourist]

Prepare you anus! this one goes deep!

 

Well how deep can you handle, that's the question. 

BTFD and DYOR or else:

[Arriemoller]

The Revolution Will Not be Livestreamed (The Great Gamestop Liberation)

https://www.bitchute.com/video/letnUP22clo/