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"You don't need a rube to hold the bag if the company you own is profitable." The bag holders obviously invested in the companies that became unprofitable.
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Jan 28, 2021 21:20
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kw0134 posted:Nothing. Duh. But the investment that everyone is going "well this is heavily manipulated" is not a poster child for "let's have anyone who heard a 'tip' on WSB to go place leveraged and speculative bets using financial instruments they likely don't actually understand." Yes, a bunch of too-late-to-the-party people were always going to get hosed here, but limiting the buy-side pressure to allow hedge funds time to unwind their irresponsible positions is pretty shady
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Jan 28, 2021 21:24
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we dont want the market to get volatile so we'll just allow you to sell it. there is no ulterior motive to this and nevermind the idea we could just halt ALL trading, just buys.
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Jan 28, 2021 21:28
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wyoak posted:If regulators want to freeze it, fine, if the exchange wants to delist it, fine- the issue here is that retail investors were blocked from this asset while institutional investors were not
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Jan 28, 2021 21:28
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Everyone knows what they're doing and the risks involved. Informed consent and such. It's exactly like timing the market with any other (extremely volatile) stock.
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Jan 28, 2021 21:30
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Chinatown posted:thats why im all in on dogecoin baybeeeee https://twitter.com/binance/status/1354812128473931786
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Jan 28, 2021 21:32
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xtal posted:Everyone knows what they're doing and the risks involved. Informed consent and such. It's exactly like timing the market with any other (extremely volatile) stock. ...oh.
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Jan 28, 2021 21:36
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kw0134 posted:...which by definition requires more money from late-to-the-party "investors" to come burn their money at the pyre. Like, yes, absolutely if there is collusion between brokers and shortsellers, then they need to get nailed to the wall, but the price action doesn't magically happen in a way that doesn't require a flood of people to come and dump it into the market at the likely outcome they get wrecked when the music stops. blocking retail investors from buying it allowed the shorters to unwind at a lower price than they otherwise would have had....there are also stories leaking out about RH closing some GME positions that weren't even on margin, but i'm a little skeptical on that for now
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Jan 28, 2021 21:36
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kw0134 posted:Yes, everyone is so informed that's why people plowed their life savings into Hertz even with the big bankruptcy banner at the top, because they all understood the risks and not that they saw it was a big name and had no understanding of how bankruptcies proceed! If you do that you deserve it
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Jan 28, 2021 21:42
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Like, yeah, if your animating principle is that the hedge funders need to get hosed with the sharpest, pointiest stick that one can procure, I'm in total sympathy with that (and the reports are that the shorts like collectively like 16 billion yesterday). But that's not really about serving the people who use a retail app like Robinhood is it, then? Because you can't exactly send the price to the moon without a lot of other buyers also deciding they totally need to jump on this rocket ship to wealth. At some point the price is going to collapse; the shorts get covered, the early longs retire. If you want to argue that it's better that the bubble collapse later with a bunch of retail investors who brought in at $600 than it is a bunch of people who brought at $300 then I'd like to hear it.
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Jan 28, 2021 21:42
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i agree with you in principle, i'm just saying that RH's motive in blocking buys wasn't to protect WSB'ers and they prioritized hedge funds getting out of the bubble first
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Jan 28, 2021 21:49
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You also have to consider the profit motive. RH's revenue depends on both having a bunch of people who both have money in the account (to benefit from interest earned on deposits) and from rebating exchange fees by providing liquidity in trades, as well as selling the trading info of its traders. You can't do any of that if a bunch of your userbase blows up their accounts.
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Jan 28, 2021 22:06
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Robinhood's biggest customer is Citadel, Citadel bailed out one of the firms who overshorted, it's very possible that pressuring RH to sacrifice its brand to allow their exposure to be reduced cheaply is profitable for them
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Jan 28, 2021 22:16
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How is Binance still alive? Or is it just a zombie twitter account?
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Jan 28, 2021 22:17
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 So if I read this right, owning a dogecoin is now worth negative money. Can Bitcoin say the same? 
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Jan 29, 2021 04:38
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Nessus posted:
Chinatown posted:thats why im all in on dogecoin baybeeeee
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Jan 29, 2021 04:43
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Zaurg bought some doggie coins, didn't he.
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Jan 29, 2021 04:45
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Look, in the past 24 hours dogecoin jumped up 700% in value. Bitcoin has barely cracked 4% This proves without a doubt that the bitcoin hodlers were wrong, and it is indeed the glourious dogecoin that will one day replace fiat currency as the way you buy pizzas in the future. You can use it to buy all the same things you can buy bitcoin with, PLUS there's a dog, and dogs are scientifically proven to be man's best friend. Wouldn't you like to invest in your best friend?
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Jan 29, 2021 06:22
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Looking forward to Seraph telling us about how much money they made off Dogecoin
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Jan 29, 2021 06:40
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Slumpy posted:also finding this thread to be surprisingly anti-drug, couple with poopoo peepee humor and calling people imbeciles its like a Raegan appreciation station in here Makes sense. This place smells like loving crypt dust
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Jan 29, 2021 10:34
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Somfin posted:Looking forward to Seraph telling us about how much money they made off Dogecoin
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Jan 29, 2021 11:05
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Nessus posted:
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Jan 29, 2021 11:46
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There were 4chan memers shilling Dogecoin hard yesterday trying to tap into the Gamestop hype.
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Jan 29, 2021 12:26
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Splicer posted:"I don't understand, it seems to be ending on an upswing oh my god that's not the border"  At a certain point, 1 DOGE was worth like -0.90USD. I'm genuinely curious how that happened. Was there much motion at that price? Can we use this to fund the forums? Normally I'd assume some kind of display glitch, but the actual answer is probably something even stupider. Like Trump spent the philosopher's legacy on DOGE but put in the wrong keystroke. Nessus fucked around with this message at 12:45 on Jan 29, 2021 |
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Jan 29, 2021 12:28
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The price of dogecoin is tied to someone's ekg machine?
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Jan 29, 2021 15:08
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Nessus posted:
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Jan 29, 2021 15:19
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ilmucche posted:The price of dogecoin is tied to someone's ekg machine? IT'S ALIVE!
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Jan 29, 2021 15:36
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Splicer posted:In the original screenshot the line is so vertical I didn't realise it was part of the chart at first and thought it was the border of the page element
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Jan 30, 2021 09:27
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Why do the Buttcoiners in the thread think "nocoiners" are pro-stock market? I've railed against the stock market and neoliberal capitalism for years, and they are pretty much the real-world toxin that Buttcoin is a cartoon version of. I'm just kidding when I ask why they think that, by the way; I know the reason. It's because they're dumb.
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Jan 30, 2021 09:49
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CaptainSarcastic posted:Why do the Buttcoiners in the thread think "nocoiners" are pro-stock market? I've railed against the stock market and neoliberal capitalism for years, and they are pretty much the real-world toxin that Buttcoin is a cartoon version of.
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Jan 30, 2021 11:41
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Actually GME is a deep state financial ploy to avoid further recession from coronavirus. With quantitative easing just about tapped the deep state needs more cash velocity but needs to find it more esoterically. Enter in a fake grass roots campaign to short squeeze institutions. The institutions balance books are going nowhere useful for the economy and just trap dollars in a spreadsheet. Letting retail traders tap it puts cash in the hands of a bunch of dorks about to buy PS5s and iphones. Then the system will heal itself. Working as designed, magically no further regulation will come of this.
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Jan 30, 2021 14:10
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zedprime posted:Actually GME is a deep state financial ploy to avoid further recession from coronavirus. With quantitative easing just about tapped the deep state needs more cash velocity but needs to find it more esoterically. Enter in a fake grass roots campaign to short squeeze institutions. The institutions balance books are going nowhere useful for the economy and just trap dollars in a spreadsheet. Letting retail traders tap it puts cash in the hands of a bunch of dorks about to buy PS5s and iphones. Then the system will heal itself. Working as designed, magically no further regulation will come of this. It'd be lol but the institutions are not capable of this level of being stupid on purpose
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Jan 30, 2021 14:19
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Ghost Leviathan posted:It'd be lol but the institutions are not capable of this level of being stupid on purpose
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Jan 30, 2021 14:35
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It's become more and more clear that literally all of our 'institutions' are actually just daycares for failchildren and they are less qualified to do literally anything than your average fast food worker
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Jan 30, 2021 15:06
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The fact Robinhood refused orders due to capital requirements in the overnight lending market instead of their order flow overlord (great username btw) is a great "checkmate coiners" moment. Even an extremely shady "Uber/Tinder but for stocks" app has to ensure clients can only get hosed by a bubble popping and not their brokerage being unable to cover accounts. Meanwhile, the tether printer...   Ghost Leviathan posted:It's become more and more clear that literally all of our 'institutions' are actually just daycares for failchildren and they are less qualified to do literally anything than your average fast food worker
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Jan 30, 2021 15:08
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Tether is doing better than the stock market rn lol
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Jan 30, 2021 15:49
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Slumpy posted:what investment results in everyone profiting? why is this an argument? is there like, an example?
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Jan 30, 2021 16:48
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xtal posted:Tether is doing better than the stock market rn lol
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Jan 30, 2021 17:02
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xtal posted:Tether is doing better than the stock market rn lol  CannonFodder posted:There are investments like AAA rated bonds and Treasury Notes that are always "profitable" in that they will pay out and not go down in value, but they might pay out at a rate lower than inflation. Yes, when you're day trading GME or whatever then there's a loser and a winner because those daily fluctuations are the result of price action that comes from a trader making the right bet and a loser making the wrong bet. Year over year it (should) be the result of economic gains accruing from those businesses those stocks represent making a profit from real economic activity. Growth in productivity and the economy are not zero-sum transactions.
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Jan 30, 2021 17:04
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Pro tip: I added Slumpy to my ignore list yesterday. Only about the third idiot ever to earn the privilege, congrats Slumpy. Doing so immediately restored the readability of this thread tenfold, to pre-Slumpy levels. You can tell a troll but you can't tell 'em much, so why bother attempting it, or listening to their idiotic BS at all. (USER WAS PUT ON PROBATION FOR THIS POST)
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Jan 30, 2021 17:11
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