|
Mr Ice Cream Glove posted:Do you guys have a set ceiling for when you plan to sell? I am completely new to all this Can't help you there but I've got these great value bags for sale, perfect for holding. A steal at the price I'm offering, too.
|
#
?
Jan 30, 2021 10:40
|
|
|
|
| # ? May 8, 2024 12:02 |
|
|
Goons when bitcoins are $100 each: "what a bubble, if you buy now you're an idiot who deserves what you're about to lose" Goons when gamestop jumped to $40 a share: "just another pump and dump, you already missed the curve, the only people making money now got in weeks ago" Goons when Dogecoin jumps 800% in 6 hours after an Elon Musk tweet : " THIS is the way, boys! Time to hop aboard Lmao meme economy straight to the moon. HODL rofl   "
|
|
#
?
Jan 30, 2021 10:50
|
|
|
Mr Ice Cream Glove posted:Do you guys have a set ceiling for when you plan to sell? I am completely new to all this Sell when it's at the top.
|
|
#
?
Jan 30, 2021 10:51
|
|
|
Mr Ice Cream Glove posted:Do you guys have a set ceiling for when you plan to sell? I am completely new to all this For Dogecoin 0.420 For gamestop 420.0
|
|
#
?
Jan 30, 2021 11:07
|
|
|
I bought two shares of gme at 200 as an explicit play to blow up a hedge fund. What are the odds of this actually happening? Like, are any quants gonna miss a paycheck over this? If there is no possible way this will result in more aggressive regulations on the equities market on the capital side (vs retail side) then I might as well sell at 420.69. however, if holding this stock will create a Gary's mod style physics glitch at Citadel, I will buy two more shares. Thoughts?
|
|
#
?
Jan 30, 2021 11:50
|
|
|
Buy high (on weed), sell low(down)
|
|
#
?
Jan 30, 2021 11:52
|
|
|
I'm playing the new long game, this current market is too volatile for me but I've got the inside track on the next big thing. See, out of all this a few redditors are going to hit it big. Money passes hands from hedge funds to some newly minted millionaires who are going to want to live large and spend some money, they're going to want all the things they never had. And I'm going to be right there to profit off their largesse, I don't even need to buy in because I've been in this market for years! You just watch, my limited edition funco pops are going to make me rich!
|
|
#
?
Jan 30, 2021 12:05
|
|
|
Just watch out for badgers and crossbows.
|
|
#
?
Jan 30, 2021 12:10
|
|
|
Doges! Get your doges! Fresh doges! Highest quality meme crypto on the market, used by all the cool people. The rich condescending elites will hate you for having them! your children will love them, your wife will love you, your friends are going to want to be you. Get your doges!
|
|
#
?
Jan 30, 2021 13:28
|
|
|
The only cool thing Dogecoin ever did was sponsor a nascar https://media2.giphy.com/media/cEYFeDHvTlS4zmRmPU4/giphy.mp4?cid=e1bb72ffb3610ba2e2f11d8d5d83cef62c673bef91ce571d&rid=giphy.mp4 https://i.imgur.com/csPdT0c.mp4
|
|
#
?
Jan 30, 2021 13:55
|
|
|
Investors of Rotterdam flexin their gains on negative nancy normies (Colored) Edit: Lmao, found an even better one 
Galewolf fucked around with this message at 14:03 on Jan 30, 2021 |
|
#
?
Jan 30, 2021 13:59
|
|
|
Jesustheastronaut! posted:Goons when bitcoins are $100 each: "what a bubble, if you buy now you're an idiot who deserves what you're about to lose" I’m gonna be honest, I’ll never quite understand SA’s hate boner for Bitcoin and crypto in general. Like sure it’s risky as all gently caress and no one seems to make sense of it, but it’s also been somewhat consistent for a while now and people have made good money off it more then once so I don’t see how it’s much worse then most stocks.
|
|
#
?
Jan 30, 2021 14:11
|
|
|
Because bitcoin uses the electrical resources of a country the size of Ireland to create a financial cargo cult that just repeats the same old mistakes but in a more cartoon fashion. It is one of the biggest wastes of limited resources to play pretend banker. Also, the whole facilitates child porn and murder for hire thing.
|
|
#
?
Jan 30, 2021 14:29
|
|
|
CheeseThief posted:I'm playing the new long game, this current market is too volatile for me but I've got the inside track on the next big thing. WSB limited release ONLY at Gamestop! (stole that from reddit)
|
|
#
?
Jan 30, 2021 14:36
|
|
|
So here's a question from a clueless idiot. What actually sets the price of a gamestop share? If I go on a stock trading app I don't get to haggle with anyone when i'm buying, and I don't get to set the price when I'm selling - i just have to go along with whatever number is the number of the day. So is a computer doing it - measuring demand and setting the price automatically according to some algo?
|
|
#
?
Jan 30, 2021 14:50
|
|
|
It's a ledger. People have orders to buy at X dollars, others have orders to sell at Y dollars. If X=Y nothing happens to the price. If nobody is selling at X, the buyer goes for X+1, the next lowest sell offer. This raises the price of the stock to the last value sold at Reddit: to go further, since everybody knew the hedges were so hard on the gme short, they knew they had a guaranteed buyer at basically any price, so the sell orders were all super high Arms_Akimbo fucked around with this message at 14:58 on Jan 30, 2021 |
|
#
?
Jan 30, 2021 14:55
|
|
|
Arms_Akimbo posted:It's a ledger. People have orders to buy at X dollars, others have orders to sell at Y dollars. If X=Y nothing happens to the price. If nobody is selling at X, the buyer goes for X+1, the next lowest sell offer. This raises the price of the stock to the last value sold at Am I right in thinking that because the hedges have shorted more stocks than exist that's why theyre extra turbo hosed?
|
|
#
?
Jan 30, 2021 15:04
|
|
|
Panic! At The Tesco posted:Am I right in thinking that because the hedges have shorted more stocks than exist that's why theyre extra turbo hosed? That's a lot of it. They needed to buy 140% of the stock to settle the short, that's why they were buying at any price
|
|
#
?
Jan 30, 2021 15:10
|
|
|
eSports Chaebol posted:Consider, that if Mr. Simpson had indeed killed Ms. Brown and Mr. Goldman, that lying about it would constitute perjury, which would only place him in further legal jeopardy, giving him no rational reason to do so. Shorting more stock than exists and losing billions of dollars are merely stupid, not criminal. And losing a poo poo-ton of other rich people's money is a thing many hedge funds have done before now. As long as they haven't lied about anything the rich investors pretty much just have to suck it up. Orange Crush Rush posted:I’m gonna be honest, I’ll never quite understand SA’s hate boner for Bitcoin and crypto in general. Like sure it’s risky as all gently caress and no one seems to make sense of it, but it’s also been somewhat consistent for a while now and people have made good money off it more then once so I don’t see how it’s much worse then most stocks. "people have made good money off it" applies to a whole shitload of things that are immoral or harmful to society The reason to be against bitcoin is because it is wasting electricity on a scale that actually impacts the whole world, and because its best practical use is avoiding taxes and financial controls. Support of bitcoin is supporting a far worse world. The reason to make fun of bitcoin is because the wild value swings, complete lack of regulations, and baked-in deficiencies of bitcoin regularly wipe out the fortunes of nerd libertarians. Nerd libertarians* are a really great target for mockery. *the three types of libertarian sex & drugs libertarians: fine if not for their often dubious views about age of consent FYGM business libertarians: basically republicans except minus the evangelical christian bits and with even more vampiric attitudes nerd libertarians: "I'm so smart, it would be me giving the Galt speech if other people weren't keeping me down."
|
|
#
?
Jan 30, 2021 16:00
|
|
|
|
|
#
?
Jan 30, 2021 16:09
|
|
|
imagine defending the practices of WallStreet billionaires, for free lol
|
|
#
?
Jan 30, 2021 16:12
|
|
|
i wish it was like this
|
|
#
?
Jan 30, 2021 16:15
|
|
|
Yes, thank god the people on wsb are not procreating. If there is anything good we have achieved as a society it's this
|
|
#
?
Jan 30, 2021 16:33
|
|
|
 
|
|
#
?
Jan 30, 2021 16:50
|
|
|
Orange Crush Rush posted:I’m gonna be honest, I’ll never quite understand SA’s hate boner for Bitcoin and crypto in general. Like sure it’s risky as all gently caress and no one seems to make sense of it, but it’s also been somewhat consistent for a while now and people have made good money off it more then once so I don’t see how it’s much worse then most stocks. People have made good money off the roulette table but that doesn’t make it a good idea and the roulette wheel doesn’t use the power of a midsize country. What you are saying is essentially “jerks told me putting all my money on 17 would be a bad idea but it had a huge payout, clearly they know nothing about money.” The payout doesn’t change that is was a bad idea by the odds. A big Bitcoin payout is exciting, but there are other ways to risk money, with bigger payouts, and better fundamentals (odds), like trading stocks on margin. Still not saying that is a good idea, but it is definitely a bad idea to play roulette if there is a slot machine with better odds right next to it. Edit: for anyone asking the best price to sell at, that would be anything above $40 since that is what the stock was worth and it is in a bubble right now which is a very precarious place to be. If you lose money selling now, still a lot better than at $40. You will get better odds by selling this stock and buying any stock at random, than holding this stock. teardrop fucked around with this message at 17:07 on Jan 30, 2021 |
|
#
?
Jan 30, 2021 16:59
|
|
|
I'm preparing to launch Postx, the important infrastructure for the emerging, distributed posting economy which enables threads to be created that couldn't have existed before. As more posts become tokenized, public threadchains provide the opportunity to establish a new cross-forums stack that is more efficient, transparent, and equitable than any system in the past. Some will consider this a threat, aware of the disruptive nature of frictionless forums posting. There will be setbacks, but persistence and commitment to long-term values means YOU can invest in this exciting new high-impact mission.
|
|
#
?
Jan 30, 2021 17:12
|
|
|
Orange Crush Rush posted:I’m gonna be honest, I’ll never quite understand SA’s hate boner for Bitcoin and crypto in general. Like sure it’s risky as all gently caress and no one seems to make sense of it, but it’s also been somewhat consistent for a while now and people have made good money off it more then once so I don’t see how it’s much worse then most stocks. Stocks dont suck up all the gaming gpus I pray every day that crypto crashes due to a bug or an exchange failing. gently caress crypto. Never ever ever owning any of that poo poo.
|
|
#
?
Jan 30, 2021 17:16
|
|
|
BrutalistMcDonalds posted:I'm preparing to launch Postx, the important infrastructure for the emerging, distributed posting economy which enables threads to be created that couldn't have existed before. As more posts become tokenized, public threadchains provide the opportunity to establish a new cross-forums stack that is more efficient, transparent, and equitable than any system in the past. Some will consider this a threat, aware of the disruptive nature of frictionless forums posting. There will be setbacks, but persistence and commitment to long-term values means YOU can invest in this exciting new high-impact mission. So you claim to have invented frictionless posting? Do you hold any patents? What would prevent a competitor from bringing frictionless less posting to the market too?
|
|
#
?
Jan 30, 2021 17:28
|
|
|
Galewolf posted:It is hard to resist FOMO during the pump because everyone around you talks about making sick gains in half a day. People don't talk about their losses as much as their gains so there is a bias on information you hear. Bingo. If I had a dollar for every person who was telling me how much they were ‘making’ on bitcoin only to suddenly stop talking about it after a month
|
|
#
?
Jan 30, 2021 17:39
|
|
|
spunkshui posted:Stocks dont suck up all the gaming gpus Don’t worry they’re pumping it the same way as they did last time- with tether. It’s all literally hot air and will collapse once the pumpers decide to liquidate
|
|
#
?
Jan 30, 2021 17:46
|
|
|
Remember when you could like, buy a video card with money? Those were the days.
|
|
#
?
Jan 30, 2021 17:48
|
|
|
Orange Crush Rush posted:I’m gonna be honest, I’ll never quite understand SA’s hate boner for Bitcoin and crypto in general.
|
|
#
?
Jan 30, 2021 17:51
|
|
|
JeremoudCorbynejad posted:So here's a question from a clueless idiot. Have you ever sold a .jpg on the Steam market? Edit: A lot of this is computers sitting miliseconds-seconds ahead of you on the communication cables selling/buying according to complex algorithms, yeah. itry fucked around with this message at 17:58 on Jan 30, 2021 |
|
#
?
Jan 30, 2021 17:53
|
|
|
Fun to watch the millennials break the stock market, but I’ll just stand back and watch the show. Rest assured when DOGE drops back down below a penny I will park a chunk of money there in anticipation of more shenanigans someday.
|
|
#
?
Jan 30, 2021 18:22
|
|
|
https://www.google.com/amp/s/market...21-1-1030020684 “Hedge funds and other institutions shorting GameStop stock were sitting on losses of about $19 billion as of Friday, new data shared exclusively with Insider indicates. Figures from the data provider Ortex suggested that investors who had bet that the share price would fall had been massively squeezed, with losses topping $10 billion on Wednesday alone, when GameStop soared 135%” https://v.redd.it/l1pa6yuvdhe61 lol
|
|
#
?
Jan 30, 2021 18:41
|
|
|
spunkshui posted:https://www.google.com/amp/s/market...21-1-1030020684 But its fairly likely that at least 18 of those 19 billion just went to other hedge funds / banks, and you bet they are gonna profit on the way down.
|
|
#
?
Jan 30, 2021 19:15
|
|
|
itry posted:Have you ever sold a .jpg on the Steam market? I ran some program once that just fake-idled random Steam Games I owned in the background. On one hand, I easily made a few full-price new videogames worth of steambux. On the other, now I have no idea which games I've ever played or not. TYons of games I've never played and don't remember even acquiring that have 30 hours in it.
|
|
#
?
Jan 30, 2021 19:21
|
|
|
Ika posted:But its fairly likely that at least 18 of those 19 billion just went to other hedge funds / banks, and you bet they are gonna profit on the way down. Long term it's going to redistribute wealth among the hedge funds until the whole system is overhauled(lol). But I guess this time the little guys do get to make money in the run-up. The ones holding the hot potato at the end are going to lose everything though
|
|
#
?
Jan 30, 2021 19:23
|
|
|
Arms_Akimbo posted:Because bitcoin uses the electrical resources of a country the size of Ireland to create a financial cargo cult that just repeats the same old mistakes but in a more cartoon fashion. It is one of the biggest wastes of limited resources to play pretend banker. Also, the whole facilitates child porn and murder for hire thing. I always thought it was because no where could ever let you "cash" out so you were essentially stuck buying: 1. a hit on someone 2. illegal firearms 3. access to child abuse sites 4. illegal drugs 5. stolen credit card data and thats about all you can "buy"
|
|
#
?
Jan 30, 2021 19:29
|
|
|
|
| # ? May 8, 2024 12:02 |
|
|
That's HFTs, where algorithms are buying and selling at incredible speeds for penny shavings. It's basically the office space virus, except the accidental over accumulation of wealth was by design. The same core concepts still apply, the price of a stock is the last price it was sold at. What a stock is "worth" in terms of profitability and growth, that's a whole other thing. (i.e. WHY $300 is a bonkers price for GME) But the stock price is literally just the very last price the stock sold for
|
|
#
?
Jan 30, 2021 19:30
|
|