bitcoin
Moderator: Referees
- 5thhorseman
- MVP
- Posts: 5446
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
Here's the poster who started it all ...
https://www.reddit.com/user/deepfuckingvalue
You can scroll down and see his posts all the way back to Feb 2020. He's turned $50K into $22M in that time. Insane.
https://www.reddit.com/user/deepfuckingvalue
You can scroll down and see his posts all the way back to Feb 2020. He's turned $50K into $22M in that time. Insane.
Re: bitcoin
Only time I've shorted a stock was retailers just before US Thanksgiving 2008. A no brainer.
Over the Internet, you can pretend to be anyone or anything.
I'm amazed that so many people choose to be complete twats.
I'm amazed that so many people choose to be complete twats.
- 5thhorseman
- MVP
- Posts: 5446
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
Interesting that Robinhood and Interactive Brokers have now shut down further buy orders for Gamestop plus a basket of other stocks that short sellers were targeting.
Retail investors are justifiably crying foul as this appears to protect hedge funds in danger of collapsing. Robinhood appears to be stealing from the poor to give to the rich
Of course nobody restricted the activity of hedge funds when they were massively shorting these stocks to drive the price down at the expense of ordinary investors.
You have to wonder who applied the pressure. The SEC?
Retail investors are justifiably crying foul as this appears to protect hedge funds in danger of collapsing. Robinhood appears to be stealing from the poor to give to the rich
Of course nobody restricted the activity of hedge funds when they were massively shorting these stocks to drive the price down at the expense of ordinary investors.
You have to wonder who applied the pressure. The SEC?
- Cousin Strawberry
- MVP
- Posts: 26183
- Joined: Sat Jul 09, 2011 10:19 pm
- Location: in the shed with a fresh packed bowl
Re: bitcoin
Money talks. Even Robin Hood has his price5thhorseman wrote: ↑Thu Jan 28, 2021 9:28 am Interesting that Robinhood and Interactive Brokers have now shut down further buy orders for Gamestop plus a basket of other stocks that short sellers were targeting.
Retail investors are justifiably crying foul as this appears to protect hedge funds in danger of collapsing. Robinhood appears to be stealing from the poor to give to the rich
Of course nobody restricted the activity of hedge funds when they were massively shorting these stocks to drive the price down at the expense of ordinary investors.
You have to wonder who applied the pressure. The SEC?
If you need air...call it in
Re: bitcoin
Fun to watch after what happened to Nikola Motor Co a few months ago when a fund manager published several articles slamming the company while shorting the stock.
Pump and dump in reverse.
If you driving the share price to unrealistic levels, someone is buying at those inflated prices.
Pump and dump in reverse.
If you driving the share price to unrealistic levels, someone is buying at those inflated prices.
Over the Internet, you can pretend to be anyone or anything.
I'm amazed that so many people choose to be complete twats.
I'm amazed that so many people choose to be complete twats.
Re: bitcoin
Speaking of Pump and Dump - GameStop has had an interesting week. LINK
Doc: "BTW, Donny was right, you're smug."
- 5thhorseman
- MVP
- Posts: 5446
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
You didn't read the last few posts, did you Corn?
viewtopic.php?p=411149#p411149
Good article though. My favorite line ...
Perhaps all we’ll remember from the past week is that a few hedge funds’ greedy doltishness accidentally helped mint some Robinhood millionaires, while a bunch of latecomers set their money on fire for lolz.
- Cousin Strawberry
- MVP
- Posts: 26183
- Joined: Sat Jul 09, 2011 10:19 pm
- Location: in the shed with a fresh packed bowl
Re: bitcoin
If you need air...call it in
- 5thhorseman
- MVP
- Posts: 5446
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
I doubt it. There are lots of other online brokerages that these Reddit users are trading on. It's not unusual to have accounts with more than one of them.The Brown Wizard wrote: ↑Thu Jan 28, 2021 9:55 amMoney talks. Even Robin Hood has his price5thhorseman wrote: ↑Thu Jan 28, 2021 9:28 am Interesting that Robinhood and Interactive Brokers have now shut down further buy orders for Gamestop plus a basket of other stocks that short sellers were targeting.
Retail investors are justifiably crying foul as this appears to protect hedge funds in danger of collapsing. Robinhood appears to be stealing from the poor to give to the rich
Of course nobody restricted the activity of hedge funds when they were massively shorting these stocks to drive the price down at the expense of ordinary investors.
You have to wonder who applied the pressure. The SEC?
And as it turns out, later in the day Robinhood reinstated trading on GME. It's slowly climbing in after-hours after plummeting for much of the day.
"Money talks" is often too easy an explanation.
- 5thhorseman
- MVP
- Posts: 5446
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
Bitcoin getting a pounding of late. This house of cards may topple soon ...
https://crypto-anonymous-2021.medium.co ... dcf78a64d3
Not to worry. We will still have the silliness of NFTs.
https://crypto-anonymous-2021.medium.co ... dcf78a64d3
Not to worry. We will still have the silliness of NFTs.
- 5thhorseman
- MVP
- Posts: 5446
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
El Salvador becomes the first nation to make bitcoin legal tender.
https://www.wsj.com/articles/bitcoin-co ... 1631005200
This should be interesting.
https://www.wsj.com/articles/bitcoin-co ... 1631005200
This should be interesting.
Re: bitcoin
Whatever you do, always give 100 %!
Except when donating blood.
Except when donating blood.
- 5thhorseman
- MVP
- Posts: 5446
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
Could this be the beginning of the end for Bitcoin?
If so, good riddance.
If so, good riddance.
Re: bitcoin
Yup.
Also, in related news, investment funds specialising in Russian companies have been frozen on the Stockholm exchange. They opened up trading again yesterday and the value quickly adjusted to 0.5% of what it was prior to the attack on Ukraine, ie, if you had 100,000 invested in such a fund back in February, it's now worth a cool 500.
Also, in related news, investment funds specialising in Russian companies have been frozen on the Stockholm exchange. They opened up trading again yesterday and the value quickly adjusted to 0.5% of what it was prior to the attack on Ukraine, ie, if you had 100,000 invested in such a fund back in February, it's now worth a cool 500.
Whatever you do, always give 100 %!
Except when donating blood.
Except when donating blood.