DaRude
Legendary
 Offline
Activity: 2775
Merit: 1787
In order to dump coins one must have coins
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January 31, 2021, 07:28:09 AM |
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So what happens when WSBers realize that they can go the other way and also short a company over 100% into a bankruptcy? Are corporate raids/hostile takeovers next?
Why would they do that? Their entire mission was predicated on putting firms who short companies out of business. These hedge funds that make money by betting against corporate America add nothing to society. Absolutely nothing. I applaud what they are doing wholeheartedly. Thought it was just to make money? I'm in no way rooting for the hedge funds, guess need to fight fire with fire. |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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January 31, 2021, 07:31:54 AM |
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Tash
Sr. Member
Offline
Activity: 1190
Merit: 305
Pro financial, medical liberty
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January 31, 2021, 08:01:58 AM
Last edit: January 31, 2021, 09:58:00 AM by Tash Merited by JayJuanGee (1) |
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So what happens when WSBers realize that they can go the other way and also short a company over 100% into a bankruptcy? Are corporate raids/hostile takeovers next?
Why would they do that? Their entire mission was predicated on putting firms who short companies out of business. These hedge funds that make money by betting against corporate America add nothing to society. Absolutely nothing. I applaud what they are doing wholeheartedly. It should not be possible to short 145% More shorts than there are actual stocks available to buy. That is no high risk gambling but market manipulation plain and simple. Now that everyone know what "shortning a stock" is, look into which stocks were shorted right before 9/11 More importantly who shorted them Najarian See Airline Stocks Shorted 3 Days Before 9 11 https://youtu.be/qc-ZzT730mM?t=98 |
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Paashaas
Legendary
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Activity: 3422
Merit: 4342
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January 31, 2021, 08:07:07 AM |
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Tash
Sr. Member
Offline
Activity: 1190
Merit: 305
Pro financial, medical liberty
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January 31, 2021, 08:21:26 AM |
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^^^Got some old junk somewhere with the right price willing to sell. (If i remember where it is) Treasury Secretary Yellen received over $800k in speaking fees from hedge fund involved in GameStop controversyFox 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. Shit spreaders http://vjmpublishing.nz/?p=25313 |
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Millionero
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January 31, 2021, 08:40:16 AM |
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So what happens when WSBers realize that they can go the other way and also short a company over 100% into a bankruptcy? Are corporate raids/hostile takeovers next?
So what happens when DaRude realizes he can break bad and start making meth, robbing banks and pushing grandmothers under buses? Is a crime wave next? |
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fluidjax
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So what happens when WSBers realize that they can go the other way and also short a company over 100% into a bankruptcy? Are corporate raids/hostile takeovers next?
Why would they do that? Their entire mission was predicated on putting firms who short companies out of business. These hedge funds that make money by betting against corporate America add nothing to society. Absolutely nothing. I applaud what they are doing wholeheartedly. It should not be possible to short 145% More shorts than there are actual stocks available to buy. That is no high risk gambling but market manipulation plain and simple. Now that everyone know what "shortning a stock" is, look into which stocks were shorted right before 9/11 More importantly who shorted them This is the disease of recent years. paraphrasing, "If you expose yourself to large risk, it should be banned." But, If someone wishes to risk all their capital on 100x leverage, or shorting at 150% of float, as long as the risk is covered so nobody else is at risk, then this should be entire your own responsibility and is perfectly acceptable to me. These aren't kids, they know exactly what they are doing, just like we do, so keep the state out of individuals affairs and let people take responsibility for their own actions., The Wall Street Scammers are not bad because they do crazy shit like this, they are bad because they rig the game. The rules they play by are not the same rules everyone else plays by - everyone like to win, but nobody likes a cheat. |
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Millionero
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January 31, 2021, 09:04:56 AM |
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Safety is an unattainable goal. To seek safety at all costs is damaging.
That is exactly the direction society is moving. Anything the least bit scary has to be suppressed. Never take chances, never let anybody else take a chance, never ever upset the apple cart.
Governments today are fully on board with this craven ethos.
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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January 31, 2021, 10:52:49 AM |
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Now I understand. I felt like a noob really. Should stop reading Forbes. |
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AlcoHoDL
Legendary
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Activity: 2352
Merit: 4134
Addicted to HoDLing!
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"Warning: Get your Bitcoin out of Robinhood while you still can!"https://www.reddit.com/r/Bitcoin/comments/l8lmgq/warning_get_your_bitcoin_out_of_robinhood_while/If you purchased a BTC at say $30,000, but never took it out of Robin Hood, they may never have bought one, to begin with. They have your $30K and you have nothing. If they didn't have one on hand when they took your money, they will have to buy one now at almost $34K. If they do have your coins on hand, they are strapped for cash due to the squeeze and if they liquidate your BTC you are GOXED. Those fucks. I hope they go bankrupt very soon. Never forget: "Not your keys, not your Bitcoin."
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heslo
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January 31, 2021, 12:15:32 PM |
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Never forget: "Not your keys, not your Bitcoin."
This is something a lot of people still don't understand. Unfortunately a great number of them aren't newbies either |
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_javi_
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January 31, 2021, 12:34:00 PM |
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Observing movements on volume for ants.
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ultrloa
Legendary
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Activity: 2744
Merit: 1226
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January 31, 2021, 12:40:54 PM
Last edit: January 31, 2021, 12:51:45 PM by ultrloa Merited by JayJuanGee (1) |
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"Warning: Get your Bitcoin out of Robinhood while you still can!"https://www.reddit.com/r/Bitcoin/comments/l8lmgq/warning_get_your_bitcoin_out_of_robinhood_while/If you purchased a BTC at say $30,000, but never took it out of Robin Hood, they may never have bought one, to begin with. They have your $30K and you have nothing. If they didn't have one on hand when they took your money, they will have to buy one now at almost $34K. If they do have your coins on hand, they are strapped for cash due to the squeeze and if they liquidate your BTC you are GOXED. Those fucks. I hope they go bankrupt very soon. Never forget: "Not your keys, not your Bitcoin." Watch this video made by Steve Hofstetter he have a great point about Robinhood Robinhood is rigging the stockmarketSo maybe for this their users should take precaution upon using them since if this really happening they are not truly useful and beneficial to their user. |
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d_eddie
Legendary
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Activity: 2478
Merit: 2895
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January 31, 2021, 12:49:52 PM
Last edit: January 31, 2021, 01:09:04 PM by d_eddie |
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RobinHood allows you to buy btc (and other cryptocurrencies), but you can't move it out. This could cause legitimate worries about all btc on RH being just paper IOUs.
So a number of btc newbies have some (paper?) btc on RH, and now they want to get it out of a likely sinking boat. The only option they have is sell now (taxable event, ouch!), get the money out (RH does allow you withdraw $$, duh!), keep aside the taxman's share (ouch again), send the money to some "normal" exchange, get less btc than you used to have (boo-ho!), transfer that to a wallet you control (your own keys: it's finally been turned into your bitcoin, win!).
I've got two questions - food for thought.
1) How many newbies are going to jump through the multiple hoops?
2) What if many actually do? There are likely consequences for RobinHood: assuming they never actually bought the backing crypto, they'd be under by a lot. Just think of the doge bull. I could care less about them, though. What happens to the price when a shitload of redditors sell at the same time?
TL;DR RH is really throwing shit at anyone trying to go against the system - either people who try to punish asshole over-100%-shorting hedge funds, or people who buy btc (or doge in recent days, well you know, newbies!). I wish RobinHood went out of business. Which isn't totally unlikely as a result of the latest shenanigans.
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PhoenixZephyrus
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January 31, 2021, 01:32:09 PM Merited by BobLawblaw (1) |
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RH is now usually really shitty tactics to manipulate the market continuously. They have limited the buying of AMD stock to a max of 1 share. Robinhood limits buys of AMD stock to 1 share AMD is amongst one of the most held stocks on Robinhood. AMD's short interest has also risen in the past month. Now it just seems like they are setting themselves up for suicide. |
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Tash
Sr. Member
Offline
Activity: 1190
Merit: 305
Pro financial, medical liberty
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January 31, 2021, 01:37:05 PM |
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"Warning: Get your Bitcoin out of Robinhood while you still can!"https://www.reddit.com/r/Bitcoin/comments/l8lmgq/warning_get_your_bitcoin_out_of_robinhood_while/If you purchased a BTC at say $30,000, but never took it out of Robin Hood, they may never have bought one, to begin with. They have your $30K and you have nothing. If they didn't have one on hand when they took your money, they will have to buy one now at almost $34K. If they do have your coins on hand, they are strapped for cash due to the squeeze and if they liquidate your BTC you are GOXED. Those fucks. I hope they go bankrupt very soon. Never forget: "Not your keys, not your Bitcoin." RH is rat poison squared |
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