Cyrano4747 posted:In what loving world do they think the Fed backstops defaulting debts?
|
|
# ? Aug 31, 2023 19:35 |
|
|
# ? Jun 5, 2024 04:50 |
|
apparently overstock.com bought the IP to BBY so if you go to overstock.com it redirects to bedbathandbeyond.com. I don't know if this is permanent or a promo kinda thing but im guessing all those BBBY people are going crazy with new conspiracy theories over it.. edit: i know overstock bought the ip a while back but they just updated the url recently? or am i late to that party
|
# ? Aug 31, 2023 19:36 |
|
There is a subset of them who cannot undestand that Overstock has absolutely nothing to do with their worthless stock.
|
# ? Aug 31, 2023 19:37 |
|
Strong Sauce posted:apparently overstock.com bought the IP to BBY so if you go to overstock.com it redirects to bedbathandbeyond.com. I don't know if this is permanent or a promo kinda thing but im guessing all those BBBY people are going crazy with new conspiracy theories over it..
|
# ? Aug 31, 2023 20:02 |
|
Boxturret posted:At least bitcoiners delude themselves in to thinking that their coin of choice will just supplant the current financial system and they'll get all the money. You gotta read up on the extended lore, my friend.
|
# ? Aug 31, 2023 20:02 |
|
|
# ? Aug 31, 2023 20:03 |
|
Some apes believe in the “infinity pool” theory which goes thusly: because there are soooo many fake shares of xyz stock floating around because of naked shorting, it would be possible for a relatively small group of people to acquire all of the real shares, ensuring they are real using some method. 1 Once we, the apes, have collectively acquired a number of real shares equal to the number of outstanding shares, we just need to hodl until something triggers the short squeeze. 2 At that point shorts will need to buy real shares to cover, but they won’t be able to because we have all of them, and we refuse to sell. 3 Therefore the offer price (and therefore the value of our shares) just goes up and up and up infinitely. Once our shares have effectively infinite value, we won’t need to sell them. We can use them as collateral for loans which we will invest smartly (because we are genius investors) to make huge profits, allowing us to make generation wealth from shares we don’t even have to sell! 1This basically always involves DRS but there can also be any number of steps that are required on top of DRSing, such as making sure you have a whole number of shares. 2 Theories about what the squeeze catalyst will be vary wildly and change upon being disproven but invariably involve Ryan Cohen. Example: Ryan Cohen does a reverse merger to fuse GME and BBBY into TEDDY to force shorts to close. 3 We apes are a super tight-knit group and there is no way that any of us would ever sell a share to make huge money instantly at the expense of the other apes. However, we are also individual investors who are definitely not blatantly conspiring to cause a short squeeze, because that would be a crime.
|
# ? Aug 31, 2023 20:07 |
|
mega dy posted:you are so, so late to the party and there is so much more for you to discover lol quit being so dramatic... they changed the site at the beginning of august.
|
# ? Aug 31, 2023 20:13 |
|
Ariong posted:Some apes believe in the “infinity pool” theory which goes thusly: because there are soooo many fake shares of xyz stock floating around because of naked shorting, it would be possible for a relatively small group of people to acquire all of the real shares, ensuring they are real using some method. 1 Once we, the apes, have collectively acquired a number of real shares equal to the number of outstanding shares, we just need to hodl until something triggers the short squeeze. 2 At that point shorts will need to buy real shares to cover, but they won’t be able to because we have all of them, and we refuse to sell. 3 Therefore the offer price (and therefore the value of our shares) just goes up and up and up infinitely. Once our shares have effectively infinite value, we won’t need to sell them. We can use them as collateral for loans which we will invest smartly (because we are genius investors) to make huge profits, allowing us to make generation wealth from shares we don’t even have to sell! Hmm. Is there still time to get in on this?
|
# ? Aug 31, 2023 20:17 |
|
Thesaurus posted:Hmm. Is there still time to get in on this? Unfortunately, because apes are such a committed and steadfast bunch, nobody is selling. Therefore it is impossible to purchase Gamestock or The Company Formerly Known as Bed Bath and Beyond stock right now.
|
# ? Aug 31, 2023 20:19 |
|
whats a DRS ?
|
# ? Aug 31, 2023 20:23 |
|
PhazonLink posted:whats a DRS ? nothing what’s D R S with you? (Directly Registered Shares. There’s some process to officially register your stock shares and these people think if you do that they can’t pull the shares out from under you. You know the worthless shares of BBBY) I know what DRS is because Dan Olsen had to go back and rework his video because there were too many of these acronyms and people didn’t follow it either. Edit oh yeah they think there are fake stocks floating around being used to short the stock
|
# ? Aug 31, 2023 20:26 |
|
Ariong posted:Unfortunately, because apes are such a committed and steadfast bunch, nobody is selling. Therefore it is impossible to purchase Gamestock or The Company Formerly Known as Bed Bath and Beyond stock right now. Looks like I'll have to settle for that "safe moon" coin mentioned on the other page. I'm intrigued by the prospect of moon-like gains, but if course I want my investments to be safe!
|
# ? Aug 31, 2023 20:29 |
|
Trying to look into SAFEMOON. found these simple instructions for how to aquire it... So simple!quote:To buy SafeMoon, cryptocurrency users have to buy a Binance Coin (BNB) first, and then essentially swap it for SafeMoon. "The mechanism by which SafeMoon rewards participants involves issuing a 10 percent penalty tax fee on sellers and redistributing five percent of this to people who already own the currency."
|
# ? Aug 31, 2023 20:42 |
|
Thesaurus posted:Trying to look into SAFEMOON. found these simple instructions for how to aquire it... So simple! Let me guess: what is being distributed is 5% of the 10% (and not half, as might naïvely be assumed).
|
# ? Aug 31, 2023 20:46 |
|
Strong Sauce posted:lol quit being so dramatic... The increase in bbby insanity is exponential though.
|
# ? Aug 31, 2023 20:53 |
|
Thesaurus posted:Trying to look into SAFEMOON. found these simple instructions for how to aquire it... So simple!
|
# ? Aug 31, 2023 20:55 |
|
zedprime posted:What happens if I don't click the gear and set slippage to 11%? you get seriously dong-razzled and all your money is "away from you"
|
# ? Aug 31, 2023 20:58 |
|
Strong Sauce posted:nothing what’s D R S with you? don't forget anytime the price goes down it's because of the algos
|
# ? Aug 31, 2023 20:58 |
|
Thesaurus posted:Trying to look into SAFEMOON. found these simple instructions for how to aquire it... So simple! pancakeswap dot avi
|
# ? Aug 31, 2023 21:06 |
|
SettingSun posted:It was always funny to me that these coins can be fractionalized down enough to be worth 1 ten thousandth of a cent each. “Worth” is bearing a lot of load there, bud
|
# ? Aug 31, 2023 21:20 |
|
Zopotantor posted:Let me guess: what is being distributed is 5% of the 10% (and not half, as might naïvely be assumed). That's not the only conceptual issue. Another is that it's distributed proportionally. So those who hold the most, get the most of the tax and it remains that way. That's before 800 other stupid concepts it causes.
|
# ? Aug 31, 2023 21:20 |
|
i know i'm beating a dead horse, but good god someone needs to give them a pamphlet explaining counterparty risk
|
# ? Aug 31, 2023 21:21 |
|
Why does all of cryptocurrency embrace the absolute very worst parts of capitalism? Oh wait Never mind Buttcoin
|
# ? Aug 31, 2023 21:22 |
|
zedprime posted:What happens if I don't click the gear and set slippage to 11%? you pay 100% of the transaction fees, but get 0% of the coins in return
|
# ? Aug 31, 2023 21:39 |
|
Cyrano4747 posted:So what do they think happens in this case? What's the actual end state that they believe in. MOASS happens, the stock price just goes straight vertical to might-as-well-be-infinity and . . . . ???? this is a bit of an overly generous reading of the LME debacle. tsingshan is a major major corporation and could have covered the loss on the extremely stupid short positions it entered; it simply chose not to, because it knew that European courts would not be able to reach most of its assets in the event that it declared bankruptcy and that in the meantime a lot of brokers would be screwed. In effect xiang guangdu got a too-big-to-fail bailout from the LME and a bunch of ordinary investors got screwed because he was rich enough. It absolutely was the sort of blatant “heads I win tails you lose” capitalism that serves as the ideological kernel of a lot of meme stock ideation.
|
# ? Aug 31, 2023 22:24 |
|
Cyrano4747 posted:So what do they think happens in this case? What's the actual end state that they believe in. MOASS happens, the stock price just goes straight vertical to might-as-well-be-infinity and . . . . ???? Your problem is that you're thinking of stock exchanges and short contracts etc as systems created and administered by human beings for human purposes, and if one of those purposes are threatened they can simply say "no we're not doing that" and refuse to enforce the rules, or reverse trades, or whatever. You should be thinking about stock trades as natural laws, coldly and mechanically enforced by a cruelly impartial djinn. If someone shorts a stock, they are compelled by the universe to buy shares to close their position and if you and your friends own all the shares, you can name any number no matter how absurd and they have to pay it. A vingt-septillion to the googleplex power dollars, please. And now all the hedge funds have to lay all the treasures of the world at your feet, backstopped by all the governments if necessary.
|
# ? Sep 1, 2023 06:35 |
|
DAD LOST MY IPOD posted:this is a bit of an overly generous reading of the LME debacle. I mean it reads more like a good reason to stay away from meme stock dreams, from how every single one has shaken out
|
# ? Sep 1, 2023 07:41 |
|
Deep Glove Bruno posted:I mean it reads more like a good reason to stay away from meme stock dreams, from how every single one has shaken out But this time will be different!
|
# ? Sep 1, 2023 07:44 |
|
Basically they think they've found the infinite money cheat code for the real world. Entirely seriously.
|
# ? Sep 1, 2023 07:53 |
|
Cyrano4747 posted:This isn't a hypothetical, either there was a massive short squeeze on nickel on the London Metal Exchange about a year ago. The price per ton spiked from ~1500-2000 to over $100,000. aww yeah gonna be lambos from here to your sister's Christmas! just DRSes another 60K shares from my kids school lunch fund... wife changing money here we come!!!
|
# ? Sep 1, 2023 08:47 |
|
Won't you look the fool when GameStop takes over the banking industry with it's NFT marketplace.
|
# ? Sep 1, 2023 15:08 |
|
Neito posted:Won't you look the fool when GameStop takes over the banking industry with it's NFT marketplace. I'm just waiting for them to say they're getting involved in yAT.
|
# ? Sep 1, 2023 18:17 |
|
Ooof. Colleague from a previous job's account got hacked. All of a sudden every Facebook post was like this: (post photo of smiling people): these people paid off their debts with crypto and are financially free! DM me for how you can too! It's Crypto grifting all the way down.
|
# ? Sep 4, 2023 17:53 |
|
Not saying I can predict the future, because I can't, but I saw this one coming: People said cryptocurrency is the most private and secretive form of exchange. I thought not; it's only those things as long as everyone turns a blind eye to everything. The actual currencies are the least private of any known means of exchange: the entire papertrail is out in the open for every single bit of BTC charging hands, viewable by anyone. First sites that hooked people up with locals to trade with started KYC work and then made you use their escrow so they have a record of what came from where and where it went. Then exchanges started shutting down accounts for e.g. receiving money from porn sites even if the coin went through a private wallet or two beforehand. Then even wallet services started kicking users off if the wallet address was listed on porn or escort sites. That last is the reason I'm posting. I read in the news that some exchanges had recommended sex workers partner with someone they trust like a family member, who has a verifiable mainstream job, who can recieve the money as a management fee instead of direct sex work and then give the money to the sex worker. I hope despite reading this in what isn't a tabloid it's not true. Because what do you call the "manager" of a sex worker who has no written contract or formal list of duties? Who takes all of the money that a sex worker makes and then doles it back out to them if they feel like it on any given day? A pimp. You call that person a pimp. The exchanges would basically be suggesting that sex workers get themselves a particularly deadbeat pimp. Bright Bart fucked around with this message at 09:54 on Sep 5, 2023 |
# ? Sep 4, 2023 19:56 |
|
Well, bitcoin has always been about reconstructing the existing financial system, so of course they'd have to get to pimping eventually.
|
# ? Sep 4, 2023 20:13 |
|
bitcoin; it's pimps all the way down
|
# ? Sep 4, 2023 21:02 |
|
Pimpin' ain't 1040-EZ
|
# ? Sep 4, 2023 21:06 |
|
Bitcoin: 100 Shrimp in every pot and two Pimpmobiles in every garage
|
# ? Sep 4, 2023 21:13 |
|
|
# ? Jun 5, 2024 04:50 |
|
Mercury_Storm posted:
Pretty obvious AI generation, too. That doesn't look anything like a Lamborghini, more like a vague composite of a bunch of different sports cars, with no actual door. And the bag? next to the guy's foot just looks like a random polygon. At least it came up with a good face though? If these people actually did have any money, they could be fooled by an old Pontiac Fiero kit car.
|
# ? Sep 4, 2023 21:15 |