hate to break it to you ETC and BTC are ponzis just like GME. The same thing will play out over a longer time frame.

if you're going to say something is a certain thing, at least know its proper abbreviation. its ETH....not ETC.

Diamond hands is a meme created by whales to sucker in some new bag holders.

Buying into a dying company at 10x to 100x it's market value? What could possibly go wrong.

That’s what I’m thinking. This guy’s either an idiot or he’s seeing something that we don’t see. Remember, he bought in at 4 dollars and at the time everyone was chitting on him for putting all his savings on a bankrupt company. Even at the stock’s highest which was around 480 he didn’t sell. So he clearly sees value higher than that. Time will tell I guess

When word gets out on the news/media, it's pretty much too late to get in.

typo *******. sounds like youre bagholding btw - cheers

he turned 50k into 13million hes leaving the rest so he doesnt get murdered or cukked by the sec

i don't know what bagholding is but i didnt buy any GME or AMC if that is what you're talking about. I do have some crypto currency and I've already made some nice gains. It's less than 2% of my total portfolio though.

Heres my take

So everyone is claiming that retail investors derailed hedgefunds. But, who knows who actually pulled the strings here. There are multiple millionaire and billionaire hedgefund managers who made millions off Gamestop and AMC. Michael Burry who shorted the housing market and owns his own hedgefund, may of profited $250 million off of his gamestop investments. Any retail investor who lost money technically made this guy richer which is the opposite of what they were "fighting" for.

Heres my take on what actually happened
- A group of redditors invested early and convinced thousands of others to invest also.
- the early investors made alot of money and got out asap
- while every one kept saying hold or buy more, the smart investors knew this was the time to sell
- Pump and dump, ponzi scheme stock bubble screwed over some hedgefunds but screwed over everyone stupid enough to lose money.

What we saw was a genius play for people to brainwash others to get rich. I doubt that anyone is gonna pump this anywhere near its highs or pump it at all. Cant compare this to bitcoin, because bitcoin is based off of pure speculation. Gamestop is a failing company thats not making profit and probably will keep losing money.

squeezes rarely last, are rare, and will always be managed/stopped

LOL @ this whole amc/gme fiasco

I stayed out of it the entire time and still made about $15k in the last 2 days without being invested in any of these meme stocks.

Clearly what happened.

When I started hearing about it was Thursday. By then I knew, well believed, GME was about to crash. So I avoided it. But there was also a lot of hype for AMC without the GME gains. So I bought a decent amount knowing it could all come down but thinking there could be a short term surge. Had a feeling the hype would die down through the weekend. Sold it all Monday morning before it crashed for a decent profit.

I was one day too late getting in on the AMC stock or else I would've gotten a decent pay out. Instead I got in at 15.77, and had a gut feeling it was going to all go downhill yesterday so I sold at 15.94 Monday morning when the prices surged. Best decision I made because I almost got greedy again

I have a buddy who blew like a hundred bucks on Dogecoin and was literally repeating the redditer type "It's going to the moon!" type phrases to me last Thursday/Friday. Told me he was gonna hold no matter what in the hopes it would turn into even a fraction of what Bitcoin wound up being. I imagine Dogecoin is returning to incel meme status like the others as well.

He's a good friend of mine, but I wasn't too shocked to see him get his hopes up for it like that. I've literally sat at a bar while this dude spent $100 fresh off his latest paycheck buying pull tabs that he won literally $0 on. He blew $25 on $1 pull tabs, then kept spending in more rounds of $25 out of frustration of losing until he blew a full $100. Kept getting pissed he hadn't won even a chitty $5 ticket or something after spending so much, and began desperately hoping to cash in on the final $300 one the bar said was left in the tab tank, on a then close to empty tank. Then some guy in a group of boomers at a table across from us pulled the $300 winner by buying like 3 pull tabs, meaning my buddy literally enabled the guy to get lucky like that by wasting $100 of his money.

Even seeing chit like that always turned me off from gambling, which is largely how I view trying to get significant money in the stock market (like as if it's a huge part of one's income), especially day trading normies. For every person who has any sort of real success with it, there are many thousands who just waste their time basically spinning their tires at best, if not losing money when it comes to stocks.

You can make significant money in the stock market just by buying and holding long term if you focus on solid companies paying out dividends. It's not as exciting, but being able to buy pieces of companies and get slices of their cash flow is a pretty remarkable thing IMO

That's much closer to what I'd call *real-world* investing, you're basically buying businesses that will generate money for you through their operation. The focus on stock price and speculation is strong af right now, but there's a whole world of depth beyond that floating number




Helped by our strong af desire for get-rich-quick schemes, and that will never change

There is a huge difference between value and price...

Also, as discussed, he has 13mill CASH from all of this. From here on out, these are just numbers on a screen to him. I 100% guarantee that. He has a cash reserve that sets him for life, and if he holds, all he does is encourage more idiots to FOMO in, and get more opportunity to trim and replenish. If this is still going on by April (when his calls expire), he will hold until the last day, and buy more for July, as long as smooth brains are still "APES STRONG TOGETHER' over there. It's brilliant for him to hold tbh. Because it will keep inspiring abject morons to keep dumping their money in for as long as they can.

By definition yes, once everyone knows about an opportunity, its no longer an opportunity

Didn't this dude drop 10s of 1000s on this out the gate? Why are people so shocked that an already well off guy might do this? He clearly had a lot less to lose than most people

Exactly. 50k on a punt that gamestop was undervalued was some gamble.

Still holding 100 gme shares. Will they pay out?? Most likely not. Worth 10gs right now, no point of pulling out. Gme is still over 100% shorted. The shorts will have to cover at some point.

Also I made over 250k on gme so all you losers can suck my balls while I pull up in my lambo. Yolo

If you pump and don’t dump then you get what you deserve. Like a bag. A diaper bag. Big pile of ****.

If you go to the the stock thread I have posted the exact same thing. Not under this avi of course as the SJW mods banned my long lasting one for a month.

Anyway....as a very experienced day trader who makes millions (not exaggerating) the funny thing is WSB is 100% controlled by a hedge fund or two and they used the peons there to pump these stocks and get a free promo out of it.

If you go back and look at the charts, all these stocks have the same M.O. Down in Oct. Back up in Nov. A slow and steady rise through Dec and mid Jan, and then boom a 'short squeeze'.

Anyone who knew anything about the markets would know that the posters from WSB do not have anywhere near the $billions needed to move these stocks. It's a bunch of kids.

Hedge funds, the very people these people claim to hate, are behind it.

I hope he understands that he is going to have to pay a good $5-6 Million of that to the IRS.

He can try to leave the country and forget about it

He sees higher value because he has no idea what he is doing. Greed 101. I have seen guys do this 1000 times over the years.

He got lucky with GME, but that was it....luck.

stockmarket bolier room chads, the game never changes but the marks do
i get such rush seeing the hedgies wipe out these redditors

So isn't this what the stock market is about? Always the select few big dogs that run the market. Just lol

I have daytraded since I was a kid. I live by the motto buy when there is blood in the streets, and sell when we see hype like we saw last week with GME and others.

I make a very nice living buying stocks and companies I like at their yearly lows and averaging down until the chart turns.

Why anyone would buy a broke, BK company that is STILL up 500% in the past 10 days? Not good.

Same old story. Incels vs Chads. They took the beta uprising meme too far and got burned.

oh boy it was getting so ridiculous, these guys were on their high horses coming out with stuff like 'we're taking on muh evil hedge funds'
when will incels learn.. chads never lose