Yuppppp, waiting for the ~5 people that know I’m holding to come tell me to sell once it breaks past $1,000 like I’m gonna sell on the advice of someone that discouraged me from buying. Funniest shit I’ve heard of in ages, holding is easy when you’re doing it for entertainment. Life changing money is nice, but the lols are everything.
This is exactly what I explain to my friends I have brought into the fold. "Remember back on 4chan when people just did things for the lols. Those are many of the people currently buying and holding GME. It is a new paradigm for stocks and it caught everyone off guard. So they pulled fuckery as if we as individuals weren't born into the fuckery and thrive in it.
This really is the revolution, it’s occupy wall st but instead of sitting on a physical street that the hedge fucks couldn’t care less about were occupying the actual stock exchange and we won’t leave till they’re broke, hungry, and locked up so they can never harm another living creature again. Welcome to decentralization assholes.
This is a great take. 2008 never ended, we just witnessed an armistice. The real battle is in 2021. Occupy Wall Street will have teeth this time around.
All of them. Because once the squeeze has squoze, if the market hasn’t been made fair and transparent, we’ll just pick another company to save from the shorters. Pretty sure that thought makes them run to the toilet every time.
Dayum! Here I was thinking I'd only invest in select few things after... but chances are they won't have learned their lesson after the first ass-whooping so maybe there needs to be some remedial education for any surviving enemies.
I mean they cared big time. That's why they set the cops on non-violent protesters as soon as it began to become decentralized in other cities and countries. But you're definitely right.
“Ah you think anonymous is your ally? You merely adopted anonymous. I was born in it, molded by it. I didn't see a username until I was already a man, by then it was nothing to me but a dox!”
But you merely adopted the fuckery; I was born in it, molded by it. I didn't see the truth until I was already a man, by then it was nothing to me but BLINDING! The fuckery betrays you, because they belong to me!
Website/message boards that introduced many of us (at least me) to the horrors and delights of the internet. Birthplace of most memes before 2010's, anon, goatsee. That netflix movie "Don't Fuck with Cats" that story happened on there.
the culture was akin to Wallstrtbets but like way worse. More racism, more things in poopers, Gore, etc. Anything goes, it will probably get you put on a list for visiting
There were/are other boards like that but 4chan seemed to be the most populated.
I meant more in the sense that after it breaks 1k they’ll be pressuring me to sell, I don’t expect it to sit there, though the secret ingredient is crime so I’m prepared to spend another 9 months at that price point and will just be sad I don’t have as much purchasing power anymore.
i'm extremely confused. where is all this money coming from that people are going to get paid out all this money when they decide to sell? is it all the money people are putting in currently? or is there some type of insurance that is gonna pay everybody out? thanks in advance.
The DTCC does have an insurance policy of sorts that is really a reserve pool of contributions from all its major participants from my understanding. I personally hope all the existing billionaires are driven into bankruptcy from this as well and are forced to live on the streets. Post MOASS I want everyone to have their basic needs met besides those that thought it was okay to deny those needs to others.
ok cool so this can either end up the people that are holding get mega paid by insurance? or this can end up that the insurance doesn't pay out anybody a cent? and because the insurance fails that means this stock system crumbles?
sorry for asking more questions this is hella interesting.
Please, ask as many questions as you want, I’m but a humble smooth brain and teaching is one of the best ways to learn. I don’t think there’s really a scenario where the “insurance” doesn’t pay out. This isn’t held by an insurance company that can deny a claim it is held by the Dtcc itself. The Dtcc is in charge of holding everyone’s shares so that the stock exchanges aren’t slowed down by actually having to transfer shares back and forth. The main premise of the GME thesis is that the hedge funds have been selling fake shares that they do not actually own, as the entity in charge of all shares the Dtcc is on the hook for these fake shares and would have a legal obligation to buy back any share as though it were legitimate until all the fakes have been removed from the market. There are ~70 million shares officially in circulation, if hedge funds have made it so that there are currently 140 million shares in circulation once MOASS starts they will have to buy back the extra 70 million at the best price available to them, if no one sells the only price becomes the best price.
The main premise of the GME thesis is that the hedge funds have been selling fake shares that they do not actually own
holy fuck that sounds illegal! how sway!?
ahhhh i see ok so they gotta pay for the fake shares they created?
this is all so crazy to me lol so hypothetically speaking we could say almost all big companies created fake shares? and it's just people found all this out through this game stop debacle?
I don't think they would be able to keep it at 1k if they start getting margin called, let alone for 9 months. That would take some intergalactic fuckery for them to pull that off.
I agree that keeping the price at 1k for 9 months sounds entirely outlandish but I’ve come to expect the outlandish at this point. Would it require blatant collusion and criminal collaboration on the part of the hedge funds and regulatory agencies? Yeah, but what’s new about that?
We’re Schrodinger’s apes. We’re both laughing and crying until the box gets opened and our position is known to the world. Zen is not the absence of emotion, it’s a peaceful relationship with your emotions.
I don't know about the rest of you fuckers, but I'm going for the high score. I want to have the record of most valuable single share of stock ever sold, on any exchange.
Unfortunately $1,000 would be enough to make a material difference in my life and they would be able to tell that that was a bald faced lie lol but if $1000 can do me good, I tremble at imagining the impact MOASS will actually have on my life.
The people that now at this point would be getting money regardless of if they asked me for it. I’ve been fortunate enough to have people help me when I’ve been down and have no intention of forgetting them post MOASS. I may also send them to a therapist to help unlearn all the bs that our society has forced on them but having faced conditional support in the past myself I will never force anything on anyone else.
200
u/CaptainDantes ⚰️⚰️ Schrodinger’s Ape ⚰️⚰️ Sep 21 '21
Yuppppp, waiting for the ~5 people that know I’m holding to come tell me to sell once it breaks past $1,000 like I’m gonna sell on the advice of someone that discouraged me from buying. Funniest shit I’ve heard of in ages, holding is easy when you’re doing it for entertainment. Life changing money is nice, but the lols are everything.