machasm
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January 30, 2021, 01:53:18 PM |
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Yesterday was a sad day for me. I always hodl when I should have sodl, but onetime I sodl when I should have hodl. So hodl I must.
You played with dodge... didn't ya!?? I did had left $5 on robinghood to put into doge but mostly it's the fact I haven't sold any btc in 2021, 2020 or 2019 and there have been several missed opportunities to sell high and buy back to increase my holdings and then the one time I tried back in 2017 I lost half my coins. Isnt that telling you something? Don't act on emotion. Have a strategy.
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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January 30, 2021, 02:03:18 PM |
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I'm glad he's spreading the word about this. Those 24 or 48 hours let the hedge funds escape. The good news is, this isn't over yet. There were a ton of naked calls in the money yesterday which means the sellers of the calls have to buy the stock on the open market over the next few sessions to deliver to the holders of the options who want delivery. This will push the price up again this next week and start the whole cycle over again. If the market is allowed to operate normally, this could be an epic week. Most people have signed up for other brokerages so Robinhood will be less of an issue. On a side note. GameStop is not going anywhere. Bankruptcy is off the table. They have 60 million plus shares in their treasury that they bought back in 2019 for $5 a share. Even if they just sold a portion at the recent prices, they can fund their operations for years. If they sell all of them, it wouldn't help the shorts. It would still be the most heavily shorted stock in the market and it would have 18 billion plus in the bank to become a tech giant. The cash value alone of the company would be $150+ a share. +1 WO sMerit I want to support it too. For a non U.S. resident I've read Charles Schwab or Tastyworks would be a good option to open an U.S. brokerage account.
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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January 30, 2021, 02:07:53 PM |
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does anybody know on which U.S. marketplaces a HF is allowed to trade with: a) physical BTC (spot) b) Futures on BTC (derivatives) c) Options on BTC (derivatives) found on the first look LedgerX. anyone? unfortunately for an account on LedgerX or Gemini you have to be an U.S. resident. do I have to establish an U.S. LLC for getting an account there?
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AlcoHoDL
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Addicted to HoDLing!
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January 30, 2021, 02:16:37 PM Merited by JayJuanGee (1) |
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still an another prove that mindrust didn't understand the bigger picture or don't care about it. he deserves to be a NOCOINER. The hedge funds that shorted the stock to a technically unsustainable level are getting what they deserve. However, the same goes for the idiots who are still buying the stock. GME isn't worth $400 a share and in all likelihood will never be worth $400 a share. A collapse is all but guaranteed. Right now there is still to much hype driving the buy side, but this will lose momentum over time for the simple fact that people sitting on huge paper gains can't realize them without selling. Just as the buildup gained momentum, eventually the opposite will happen and the collapse will build momentum. One thing remains invariably true- anyone who loses money trading this absolutely deserves it.
If I had a RH account right now i would short the fuck out of that stock. I don't give af if that's a riot against the hedge funds or the financial system. That screams free money. They were aiming for $300-500 at first and then they started screaming $1000 lately i see them if they want to pump this to $60k because they calculated the whole wall street would go bust if they do so. What kind of drugs are they taking again? If they want to wreck the wall street why don't they long gold? If all those people were longing gold instead that would cause much more harm. As you said the company is initially worthless. Even if they pump it to $100k eventually it will return to 0. I'm sure he would say exactly the same thing about Bitcoin. He really wants everything to collapse to zero, so that his predictions come true. That's what selfishness can do to you... Still, I wish him well. May he have the mental strength to accept what's coming. It's going to be very difficult for a nocoiner who used to own 10 BTC to maintain his sanity a couple of years from now... It's going to be torture, and I wouldn't wish this on anyone.
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Elwar
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Viva Ut Vivas
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January 30, 2021, 02:38:40 PM |
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I almost want to open a Gamestop now.
They could take this influx of money and turn it into something amazing for the gaming industry.
Or instead of going to the mall you go to the Gamestop.
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Elwar
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Viva Ut Vivas
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January 30, 2021, 03:01:55 PM |
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Can you imagine working in Gamestop HQ. Your stores have been closed for a year due to a plandemic and your stock is way down...facing bankruptcy, you see the writing on the wall when a major hedge fund known for killing companies shorts the shit out of your stock and starts having their media puppets talk about how worthless your stock is... You sit there at the office, go on Monster.com to find another job, you start packing up your personal items so you don't have to worry about them later, you check in on your co-workers that will probably have a hard time finding another job...
Then you come into work the next day and find out that some random reddit posts are turning your company into the next Google.
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Torque
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January 30, 2021, 03:04:13 PM |
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On a side note. GameStop is not going anywhere. Bankruptcy is off the table. They have 60 million plus shares in their treasury that they bought back in 2019 for <$5 a share. Even if they just sold a portion at the recent prices, they can fund their operations for years.
This makes me happy. I know people say their business model is dying, but hopefully now they will have a second chance to figure out their future and thrive. A world where you could only download/stream your games through the mega corp likes of XBox Cloud, Stadia, or Apple TV would be a very sad world indeed.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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January 30, 2021, 03:14:05 PM |
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I almost want to open a Gamestop now.
They could take this influx of money and turn it into something amazing for the gaming industry.
Or instead of going to the mall you go to the Gamestop.
You all DO remember that this is the same company that bought ThinkGeek and ran it into the ground..... Oi.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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January 30, 2021, 03:42:17 PM Merited by BobLawblaw (2) |
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$32,000 to $36,000, round & round we go.
I guess we stay in this range for a while with the odd brief breakout either way which is short lived before returning to the range above.
Boring, wake me up at $50,000.
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bitcoinPsycho
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$120000 in 2024 Confirmed
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January 30, 2021, 03:48:30 PM |
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Another way to extract your precious Bitcoin
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El duderino_
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BTC + Crossfit, living life.
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January 30, 2021, 03:54:46 PM |
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[The brother is fine
I mean, on some level, I'm fine too, but everything is relative. Amirite ? The sped should stay in seclusion. ("Goddamnit, there you go again Bob. You said you were going to work on being a calmer, more excellent dude this year. Don't go down that path... man...")I'm fine too, or so I think, am I fine probably yes, would it be better if I could sit in a restaurant with a table full of people that I like yeah for sure, or on holiday sipping cocktails, rosé wines in some sunny days .... Damn miss those things.
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yefi
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January 30, 2021, 03:55:30 PM |
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the crooks/idiots were shorting 140% of the share float .... they can't all get out together even if they wanted to (down to 120% on Friday close) the main part of the squeeze hasn't happened yet
r/wallstbets has their foot on the throat, new buys increase the hedge funds losses, so they are liquidating longs in big caps to cover margin calls .... has systemic implications at some point, they broke the rigged game by taking it to it's absurd extreme, reductio ad absurdum, GameStopped it, quant models exploding everywhere, AI didn't see irrational autists on the horizon
Why don't the brokerages pull a Gox and issue retailers shares that don't exist? They lent phantom stock for naked short-selling, so why not take the fraud to the next level.
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Millionero
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January 30, 2021, 03:55:49 PM |
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We need more people like Elon Musk.
Impossibru! Onry one Eron Muksu!
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HeRetiK
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Playgram - The Telegram Casino
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January 30, 2021, 04:02:08 PM |
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I almost want to open a Gamestop now.
They could take this influx of money and turn it into something amazing for the gaming industry.
Or instead of going to the mall you go to the Gamestop.
Funnily enough that already kinda happened with AMC. Since AMC was also affected by the meme stock rally, they were able to convert some of their bonds to stocks and wipe away USD 600,- MM in debt. GameStop as a company might eventually profit from this rally as well. Keep in mind that the GameStop rally didn't come out of nowhere. Part of it was caused by Ryan Cohen entering the game in 2020, with him and 2 other former Chewy executives becoming board members earlier this year with the goal of turning the ship around. That short squeeze attempt we are seeing now is merely an escalation of a long waged war between r/wallstreetbets and various hedge funds. Meaning after this all blows over GameStop could actually make good use of the new found capital due to new leadership. (on a sidenote: I also have a bit of skin in the game but I'm gonna blame Bitcoin for it. With Bitcoin going sideways for ages now, where else am I gonna get my hit of volatility?)
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rolling
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January 30, 2021, 04:02:38 PM Last edit: January 30, 2021, 04:13:27 PM by rolling |
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the crooks/idiots were shorting 140% of the share float .... they can't all get out together even if they wanted to (down to 120% on Friday close) the main part of the squeeze hasn't happened yet
r/wallstbets has their foot on the throat, new buys increase the hedge funds losses, so they are liquidating longs in big caps to cover margin calls .... has systemic implications at some point, they broke the rigged game by taking it to it's absurd extreme, reductio ad absurdum, GameStopped it, quant models exploding everywhere, AI didn't see irrational autists on the horizon
Why don't the brokerages pull a Gox and issue retailers shares that don't exist? They lent phantom stock for naked short-selling, so why not take the fraud to the next level. That's probably exactly what Robinhood did. Then the price went 10x and bankrupted them.
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Krubster
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January 30, 2021, 04:20:34 PM Merited by vapourminer (2) |
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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.
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Torque
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January 30, 2021, 04:20:34 PM |
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the crooks/idiots were shorting 140% of the share float .... they can't all get out together even if they wanted to (down to 120% on Friday close) the main part of the squeeze hasn't happened yet
r/wallstbets has their foot on the throat, new buys increase the hedge funds losses, so they are liquidating longs in big caps to cover margin calls .... has systemic implications at some point, they broke the rigged game by taking it to it's absurd extreme, reductio ad absurdum, GameStopped it, quant models exploding everywhere, AI didn't see irrational autists on the horizon
Why don't the brokerages pull a Gox and issue retailers shares that don't exist? They lent phantom stock for naked short-selling, so why not take the fraud to the next level. That's probably exactly what Robinhood did. Then the price went 10x and bankrupted them. There's probably a whole lot more shady, illegal shit they can do: flood the float with phantom shares, suspend or zero out short interest payment, liquidate existing holders, etc. But now there's more scrutiny, so much so that even the SEC would have a hard time turning a blind eye to any more shenanigans that benefit the shorts or RH.
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FIFA worldcup
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January 30, 2021, 04:22:10 PM |
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This day will come soon
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friends1980
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nutildah-III / NFT2021-04-01
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January 30, 2021, 04:23:09 PM |
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On a side note. GameStop is not going anywhere. Bankruptcy is off the table. They have 60 million plus shares in their treasury that they bought back in 2019 for <$5 a share. Even if they just sold a portion at the recent prices, they can fund their operations for years.
This makes me happy. I know people say their business model is dying, but hopefully now they will have a second chance to figure out their future and thrive. A world where you could only download/stream your games through the mega corp likes of XBox Cloud, Stadia, or Apple TV would be a very sad world indeed. Seriously mate, this has nothing to do with Gamestop. Gamestop has around 5500 shops worldwide, so in case you forgot: Gamestop is a mega corp, too, albeit one with a dying business model. Gamestop was only the object used to bring a loud and clear message to shorters that they've reached a border which they shouldn't cross, and that enough is enough. Rightfully so. So the message was: we hate shorters [edit: abusing their power], and not: we love Gamestop. Do you really think we should keep shops selling games physically opened, and stop streaming games and movies and instead go back to cartridges and VHS or so (which will, by the way, again, be produced by mega corps)? And no, I don't like corps either - at all, which I've made clear often enough in the last 3 years on these boards, at least when they have too much power and when there's abuse of power. But let's not confuse things here.
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Torque
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January 30, 2021, 04:25:49 PM |
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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. He probably hates Bitcoin and bitcoiners as well. Fucking dinosaur yelling at the sky.
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