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

[xhomerx10]

Some people suddenly seem to faint with ecstasy whenever someone pronounces the name "Gamestop".

This is not about Gamestop, this is about shorters using their influence to artificially push prices down even further. It's about abuse of power. And that's indeed unacceptable.

No I agree, and I think most people, even the degenerates on WSB know what it's all about. It's become Occupy Wall Street 2.0 in cyberspace.

But funny thing though, no one seems to care when Wall Street hitches all the hedge fund wagons and indexes to a few FAANG stocks, and then has the Fed give the CBs trillions in free money to continue pumping those few stocks to the moon. Just as corrupt a situation, if not more so. It's collusion of the highest order.

I'm sorry Torque, Elwar, and others: I think this is "all about" a simple pump and dump married with a warped assed sense of "social justice". Feelings are a commodity like corn or oil, and in this case feelings of "rage" are being cashed into pumps and dumps across the financial spectrum.

In the old days the hucksters would have to call you on the phone from a suckers' list and pitch you pink sheet stocks that you buy, price goes up a bit, they sell, you're left with worthless crap. Back then the hook would be greed, stupidity, maybe religious fervor (your church could get a new steeple! Or more clubs to bash Gay people!). Shit they made movies about this con game.

But now... Now it's "different". Now you can profit off peoples' rage and lack of willingness to do anything about it. Instead you can get them to crowdfund a "cause", stick it to the "man" and all the while the shares you bought go off to the moon. "Look, he's honest, he has a hundred million in shares and *only* cashed out 5m!".

Much like Occupy people were fucked, and Q-Anon people were fucked, these guys will be fucked. But the trick is the exit strategy in this con counts on these people saying "Well I lost my $100 but at least I was able to stick it to the MAN!!!" And they will be happy and the instigators will get their money.

Maybe it's even worth it in some twisted way....

All true but in this case, because of how much is shorted and how much the company holds, this is very good financially for Gamestop the company as well. In the process of pumping GME for "insert reason", the internet has created a behemoth that won't easily dump. It is likely a pump and dump without the dump part.

Gamestop the company doesn't have to get permission to issue new shares to make billions off of this. They can sell the shares they currently hold and instantly become a major company that can't be dumped. It's even possible they already have a deal in place worth billions. We will probably find out on Monday as their fiscal year ends on Sunday and they will be allowed to make public statements again.

I get that this wasn't the intent of the pumpers but life has a funny way of changing what you intended into something you never intended.

 There was already a movement afoot by a few individuals to revitalize GameStop which included a refreshment of the board of directors.  

 https://seekingalpha.com/article/4373819-gamestop-chewys-founder-ryan-cohen-finds-whats-next

 Ray Cohen had already planned to turn GameStop around, had forced some board resignations and brought some new talent along with him.

 https://www.globenewswire.com/news-release/2021/01/11/2156168/0/en/GameStop-Announces-Additional-Board-Refreshment-to-Accelerate-Transformation.html

 I wonder how it would have played out without the help of Reddit - Andrew Left and his cronies vs Ray Cohen and his new talent and money.
 

[rolling]

Here's an orderly Twitter summary
https://twitter.com/MrBrownEyes2020/status/1354517067240771584

...and an update
https://twitter.com/MrBrownEyes2020/status/1355533800307122177

[xhomerx10]

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.

 I bet you it would be similar to working an night shift at any other nondescript location having worked there for many years with no desire to find any other employment because it all sucks, checking your phone on your lunch break and seeing a bitcoins value skyrocketing towards nineteen thousand dollars US and realizing that your night-shift-working days are about to be terminated with prejudice.  No other job required. 
 It would be similar to that but not quite as good

[OutOfMemory]

My enemies enemy is my friend.

This.

This move is like the rebel yell of the exploited, kicking off the revenge of "Occupy Wallstreet".
Hodlers and WSB are brothers in arms.

[jojo69]

[d_eddie]

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.

 I bet you it would be similar to working an night shift at any other nondescript location having worked there for many years with no desire to find any other employment because it all sucks, checking your phone on your lunch break and seeing a bitcoins value skyrocketing towards nineteen thousand dollars US and realizing that your night-shift-working days are about to be terminated with prejudice.  No other job required. 
 It would be similar to that but not quite as good

Soo true dat. And on topic.

+1 WOsMerit!

[Hueristic]

Here's an orderly Twitter summary
https://twitter.com/MrBrownEyes2020/status/1354517067240771584

...and an update
https://twitter.com/MrBrownEyes2020/status/1355533800307122177

This guy seems to know what he's talking about.

Now here's where it gets interesting.

After this market crash, where mostly only hedge funds and institutional buyers could buy, the short interest went from 100% to 75%. Meaning these hedge funds bought back a quarter of ALL SHARES while the market was deliberately crashed

This whole fiasco shows how badly the game is rigged, and that the “free market” is only allowed to operate if it benefits Wallstreet.

Of course we all know no-one will pay for this over maybe a small slap on the wrist fine.

[Hueristic]

Photoshopped.

https://www.wsj.com/articles/keith-gill-drove-the-gamestop-reddit-mania-he-talked-to-the-journal-11611931696

[DIA7]

The hedge fund fuckers are going to short bitcoin with 1Bilion$.
Sure they want to lose more money now because that 1billion is nothing compared to Bitcoin Market cap value that's close to 635Billion.
This move could impact the volatility on bitcoin.

[serveria.com]

The hedge fund fuckers are going to short bitcoin with 1Bilion$.
Sure they want to lose more money now because that 1billion is nothing compared to Bitcoin Market cap value that's close to 635Billion.
This move could impact the volatility on bitcoin.

Source? Insider info? Or SOMA...  

[Hueristic]

The hedge fund fuckers are going to short bitcoin with 1Bilion$.
Sure they want to lose more money now because that 1billion is nothing compared to Bitcoin Market cap value that's close to 635Billion.
This move could impact the volatility on bitcoin.

I wish, those greenbacks would go well to adding to our stacks.

[DIA7]

The hedge fund fuckers are going to short bitcoin with 1Bilion$.
Sure they want to lose more money now because that 1billion is nothing compared to Bitcoin Market cap value that's close to 635Billion.
This move could impact the volatility on bitcoin.

Source? Insider info? Or SOMA...  

Lmao insider info
I wish 😂 it's according to forbes that those men in the suite have their targets on bitcoin after gamestop
https://www.google.com/amp/s/www.forbes.com/sites/billybambrough/2021/01/30/bitcoin-price-data-reveals-bitcoin-could-be-about-to-become-the-new-gamestop/amp/

[DaRude]

The hedge fund fuckers are going to short bitcoin with 1Bilion$.
Sure they want to lose more money now because that 1billion is nothing compared to Bitcoin Market cap value that's close to 635Billion.
This move could impact the volatility on bitcoin.

Source? Insider info? Or SOMA...  

Lmao insider info
I wish 😂 it's according to forbes that those men in the suite have their targets on bitcoin after gamestop
https://www.google.com/amp/s/www.forbes.com/sites/billybambrough/2021/01/30/bitcoin-price-data-reveals-bitcoin-could-be-about-to-become-the-new-gamestop/amp/

According to https://www.theblockcrypto.com/data/crypto-markets/futures which is the ultimate source of forbes "Contributor", hedge funds also have $750MM long interest so the ration is nothing crazy. Market manipulations are frowned upon in these parts of the town. Hold your own keys and don't worry about traders being traders

[Biodom]

WSB crowd (at least some) would do this, imho:
gme-->doge-->btc

[vapourminer]

WSB crowd (at least some) would do this, imho:
gme-->doge-->btc

some maybe. others would do

gme-> doge-> short aapl leveraged 500x -> GUH!

GUH! seems to be the endgame.

i think they just want to break wall street. after that it will be like the dog that finally catches the car it chases. just sit there smugly until they think of breaking something else.

i like them.

[Hueristic]

WSB crowd (at least some) would do this, imho:
gme-->doge-->btc

some maybe. others would do

gme-> doge-> short aapl leveraged 500x -> GUH!

GUH! seems to be the endgame.

i think they just want to break wall street. after that it will be like the dog that finally catches the car it chases. just sit there smugly until they think of breaking something else.

i like them.

https://www.youtube.com/watch?v=qKXrVriacUM

Lol.

[yefi]

That's called a "bucket shop", totally been done before. Pretty good fraud profit to be honest.

Or as the SEC would call it "resilient market infrastructure".

It's about time markets dropped these leeches and settled trades on a blockchain (ideally Bitcoin's via sidechain or second-layer).

[Sayeds56]

My enemies enemy is my friend.

This.

This move is like the rebel yell of the exploited, kicking off the revenge of "Occupy Wallstreet".
Hodlers and WSB are brothers in arms.

[PhoenixZephyrus]

Treasury Secretary Yellen received over $800k in speaking fees from hedge fund involved in GameStop controversy

Fox News and other media sources are reporting that Janet Yellen, confirmed just this week as Treasury Secretary with only a handful of Republicans voting against her received around $810,000 in speaking fees from a hedge fund that bailed out one of the primary “victims” of the recent GameStop “controversy.”

Fox says that Yellen’s financial disclosure showed she made over $337,000 over multiple days last October from Citadel. She made an additional $292,500 in October 2019 and $180,000 in December of that same year.

"Speaking fees". Not really much familiar with that term, I'm not from the US. But it seems like some kind of twisted way to make bribes acceptable to be spoken about publicly. Imagine betraying 300 million people for $800K.

[rolling]

Treasury Secretary Yellen received over $800k in speaking fees from hedge fund involved in GameStop controversy

Fox News and other media sources are reporting that Janet Yellen, confirmed just this week as Treasury Secretary with only a handful of Republicans voting against her received around $810,000 in speaking fees from a hedge fund that bailed out one of the primary “victims” of the recent GameStop “controversy.”

Fox says that Yellen’s financial disclosure showed she made over $337,000 over multiple days last October from Citadel. She made an additional $292,500 in October 2019 and $180,000 in December of that same year.

"Speaking fees". Not really much familiar with that term, I'm not from the US. But it seems like some kind of twisted way to make bribes acceptable to be spoken about publicly. Imagine betraying 300 million people for $800K.

They only get paid when they are not in office. Private citizens get paid to speak all the time. She can't do that anymore now that she is the Treasury Secretary. The point was that she will be lenient on Citadel since they gave her so much money before.