KenjiOgiwara Posted January 29, 2021 Author Share Posted January 29, 2021 Just now, Genie said: That’s the kind of thing that would haunt me forever Haha. My buddy went to engineering class with a bloke who came to him with some kind of crypto currency around 2010. He said he should join him for a laugh. My buddy decided not to. His class mate bought a bunch. Basically for very little. He sold them a few years ago and banked £ 20 million on it, AFTER he forgot he had bought it. Absolutely no idea how much it would be worth now, but £ 20 million is pretty decent for a laugh investment. 1 Link to comment Share on other sites More sharing options...
Genie Posted January 29, 2021 Share Posted January 29, 2021 (edited) 20 minutes ago, KenjiOgiwara said: Haha. My buddy went to engineering class with a bloke who came to him with some kind of crypto currency around 2010. He said he should join him for a laugh. My buddy decided not to. His class mate bought a bunch. Basically for very little. He sold them a few years ago and banked £ 20 million on it, AFTER he forgot he had bought it. Absolutely no idea how much it would be worth now, but £ 20 million is pretty decent for a laugh investment. Yeah big time. I used to work with a guy who sold 5 Bitcoin for £500. Youll never buy right at the bottom or sell right at the top. If you’ve managed to make enough money to improve your life for the better then you’re winning. Edited January 29, 2021 by Genie Link to comment Share on other sites More sharing options...
villakram Posted January 29, 2021 Share Posted January 29, 2021 4 hours ago, KenjiOgiwara said: I've been reading WSB for about 12-14 months. It's a complete casino, and not something I participate in, but it's a lot of fun to read. Remember reading about this bloke who put $ 700 k in GME calls over 12 months. He's been talking it up on there for a while month after month. Suddenly he's managed to get momentum on it, and he now posts daily updates on his position and it's worth $ 30 million haha. As for the RH and Citron/Melvin C. market manipulation that's going to get tasty. It's pretty obvious they've shit themselves. But I think this can keep going. Some hedge funds are so deep in shit here it's absolutely hilarious. Funniest stuff in a while. But I'm curious about the total effects on this. If 2-3 funds ends up getting bankrupted, their positions on housing, and other markets can cause pretty big volatility. F**K 'em. There are millions of unoccupied houses in the US being held by these large funds (for balance sheet reasons), all a result of the 2008 financial crash. Meanwhile, homelessness left & right on the rise and it's borderline impossible for kids out of college to get on the ladder on their own, due to rinsing home prices in a 'zero inflation' environment. OPEC is called a cartel, why not these big housing players? RICO statues should be invoked. 2 Link to comment Share on other sites More sharing options...
Popular Post Keyblade Posted January 29, 2021 Popular Post Share Posted January 29, 2021 Google removing hundreds of thousands of 1 star ratings of Robin Hood on the Play Store to salvage their rating which was hovering at a cool 1.0. It's a big club, and you ain't in it. Hope this opens a few people's eyes. 5 Link to comment Share on other sites More sharing options...
KenjiOgiwara Posted January 29, 2021 Author Share Posted January 29, 2021 42 minutes ago, Keyblade said: Google removing hundreds of thousands of 1 star ratings of Robin Hood on the Play Store to salvage their rating which was hovering at a cool 1.0. It's a big club, and you ain't in it. Hope this opens a few people's eyes. I doubt that. Where that's reported? What's normally happening is that google and apple screen rating for foul language, control them and thus you can sometime experience a delay. Link to comment Share on other sites More sharing options...
Keyblade Posted January 29, 2021 Share Posted January 29, 2021 1 minute ago, KenjiOgiwara said: I doubt that. Where that's reported? What's normally happening is that google and apple screen rating for foul language, control them and thus you can sometime experience a delay. Quote Google salvaged Robinhood’s one-star rating by deleting nearly 100,000 negative reviews The Verge Link to comment Share on other sites More sharing options...
KenjiOgiwara Posted January 29, 2021 Author Share Posted January 29, 2021 Assuming that's right it really surprises me. Seems ro go against the very core values of google I'd say Link to comment Share on other sites More sharing options...
Rds1983 Posted January 29, 2021 VT Supporter Share Posted January 29, 2021 1 hour ago, KenjiOgiwara said: Assuming that's right it really surprises me. Seems ro go against the very core values of google I'd say What the company that was recently fined €50m for breaching people's data privacy rights? 3 Link to comment Share on other sites More sharing options...
KenjiOgiwara Posted January 29, 2021 Author Share Posted January 29, 2021 8 minutes ago, Rds1983 said: What the company that was recently fined €50m for breaching people's data privacy rights? Not sure how that is relevant in this context. Was more referring to: Democracy on the web works. You can make money without doing evil. The need for information crosses all borders. Those are 3 of several core values of google. I thought anyway. Apparently their democratic vision and freedom of information is less so. Link to comment Share on other sites More sharing options...
Rds1983 Posted January 29, 2021 VT Supporter Share Posted January 29, 2021 6 minutes ago, KenjiOgiwara said: Not sure how that is relevant in this context. Was more referring to: Democracy on the web works. You can make money without doing evil. The need for information crosses all borders. Those are 3 of several core values of google. I thought anyway. Apparently their democratic vision and freedom of information is less so. Read your posts like you were holding Google up to be an ethical company which wouldn't do something bad and I was pointing out that they've just been fined millions for infringing peoples rights with regards to "a lack of transparency, inadequate information and a lack of consent with regards to advertising" , which I'd say goes against making money without doing evil. 1 Link to comment Share on other sites More sharing options...
leemond2008 Posted January 29, 2021 Share Posted January 29, 2021 I've been reading a lot of this with great interest, I think it is brilliant but a lot of it goes over my head, what is the end goal for the self professed retards and autists? Are they just enjoying chaos or are the looking to each make an obscene amount of money that they will never actually receive or will they all get rich off it? In Laman's terms please, I only barely understand what is going on at the best of times and I've had a drink tonight Link to comment Share on other sites More sharing options...
Chindie Posted January 29, 2021 VT Supporter Share Posted January 29, 2021 7 minutes ago, leemond2008 said: I've been reading a lot of this with great interest, I think it is brilliant but a lot of it goes over my head, what is the end goal for the self professed retards and autists? Are they just enjoying chaos or are the looking to each make an obscene amount of money that they will never actually receive or will they all get rich off it? In Laman's terms please, I only barely understand what is going on at the best of times and I've had a drink tonight If things go their way, they potentially can make a lot of money. At the same time they get to thumb their nose at Wall Street and some of the more grim elements of the financial world by making them lose, and lose badly. It is IF though. It's not guaranteed cash. And the funds behind this are doing everything they can to ensure the plan fails, even if those things are in themselves questionable. Link to comment Share on other sites More sharing options...
Keyblade Posted January 29, 2021 Share Posted January 29, 2021 3 minutes ago, leemond2008 said: I've been reading a lot of this with great interest, I think it is brilliant but a lot of it goes over my head, what is the end goal for the self professed retards and autists? Are they just enjoying chaos or are the looking to each make an obscene amount of money that they will never actually receive or will they all get rich off it? In Laman's terms please, I only barely understand what is going on at the best of times and I've had a drink tonight When this is all over and some of them cash out I imagine it'll be back to business as usual and back to trading meme stocks, and forget all about the system they helped expose. Link to comment Share on other sites More sharing options...
villakram Posted January 29, 2021 Share Posted January 29, 2021 4 hours ago, Keyblade said: Google removing hundreds of thousands of 1 star ratings of Robin Hood on the Play Store to salvage their rating which was hovering at a cool 1.0. It's a big club, and you ain't in it. Hope this opens a few people's eyes. We can always chain the doors and... Link to comment Share on other sites More sharing options...
lapal_fan Posted January 29, 2021 Share Posted January 29, 2021 I had a day dream today about a "very cool, apple-like" company which turned the screw against Google and all the young'uns flipped to go with the cool company. I mean.. have you seen the 90s Google, multicoloured logo?! Lammmmmeeeeeee. Link to comment Share on other sites More sharing options...
coda Posted February 1, 2021 Share Posted February 1, 2021 Is today the day? When will we know if the GameStop "retards" have won? Link to comment Share on other sites More sharing options...
KenjiOgiwara Posted February 1, 2021 Author Share Posted February 1, 2021 2 hours ago, coda said: Is today the day? When will we know if the GameStop "retards" have won? Think it will take time. Latest news from the Hedge fund world was that the shorts have taken on a lot of new capital, which I assume is basically just to pay their cover. It will be interesting if the squeeze goes on though, cause they are bleeding billions daily now. The red week on wall street last week is speculated coming from HF's liquidating long positions to stay in the game so to speak. I have no idea personally, but wouldn't surprise me. Link to comment Share on other sites More sharing options...
ender4 Posted February 1, 2021 Share Posted February 1, 2021 3 hours ago, coda said: Is today the day? When will we know if the GameStop "retards" have won? Its going to take a while - the hedge funds lose too much if they cave in and the individuals can hold the shares forever if needed. So a little stalemate in the short-term. The current strategy from the hedge funds is disinformation - they are flooding the market with fake news about WallStreetBets all buying silver, even though no-one is. They are hoping that money moves out of Gamestop into Silver. They hope that individual investors have a short attention span and sell their Gamestop shares for a small profit because it looks like the squeeze is over. In reality, its costing the hedge funds an estimated $2 billion a day to maintain their position. It could still go either way. Link to comment Share on other sites More sharing options...
OutByEaster? Posted February 1, 2021 Moderator Share Posted February 1, 2021 I read something (that I can't now find) that Yanis Varoufakis wrote about Gamestop and crowdfunding as a form of resistance. It's fascinating to look at power structures in our societies and how they can be affected by the people that inhabit them. It can be argued that Reddit's campaign on Gamestop is a more effective demonstration of the power of democracy than the US election. Varoufakis suggested that crowd shorting could be the new trade unionism. 2 Link to comment Share on other sites More sharing options...
Davkaus Posted February 1, 2021 Share Posted February 1, 2021 The market manipulation with silver and particularly the media's complicity with it is pretty shameless. 1 Link to comment Share on other sites More sharing options...
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