archive https://archive.ph/g9Y6a
finally… MOASS… this time for real… if January 2021 buyers sell now, they’ll only be down about 70%, instead of the 85-90% it normally hovers around. i think the only hodlers that could come out positive are ones that bought in late 2022 or later, and even then, you’re not up by much.
i think this, more than watching the Folding Ideas video (a must-watch for anyone out of the loop), is really kind of selling the sadness of watching people suckered into hype pour even more money down the drain. an account belonging to a guy we once liked made a tweet; this is it, liquidate your retirement and gamble it away. ugh
i mean. definitionally, some did, yeah? if you bought in at 25, 50, 75, 100, 200, or 400 – these are all the same number in the end, the only difference being how much you’re down by between then and now.
eta: that’s not even to mention the fact that since this demand is all synthetic, all the money coming in is from people who are going to be left holding the bag, again. we’re just watching it repeat.
yuuup. I get the excitement of fucking over shorters, but after seeing an otherwise rational friend lose thousands I’ve come to the conclusion that the hodl crowd is just another set of suckers being fleeced. And GS as a company has no future, it’s garbage that’s been microwaved.
this is literally the entire impetus https://twitter.com/theroaringkitty/status/1789807772542067105
just this one tweet
Always a good sign when all the replies to a tweet are just bs cryptocoin projects going ‘please say our name! Please let us leech some money off your small moment of fave’
Including an imposter account trying to phish people to a website with a disturbingly large amount of obfuscated JS and a “Connect Wallet” button.
Perfect, well as all these people are their own bank, and thus their own SOC, I see no problems there.
E: a bit more ontopic, but while the whole gamestop thing was marketed as an outsider consumer revolt against the evil stock traders, wasn’t somebody involved in starting the whole thing a trained stock trader?
Nope, it’s dumber than that, the memecoin conspiracy dipshits were activated by him liking a tweet on the tenth and have already speculated that he had to be in a secret federal jail for the whole time.
… is this qanon for fraudsters?
Holy smokes this guys twitter is bursting at the seams with movie-clips and memes.
I saw: Snatch, Peaky Blinders, Pirates of the Caribbean, Men In Black, Tombstone, The Good the Bad & the Ugly, Marvel, Sherlock, Fast & Furious, Gangs of New York, V for Vendetta, Ready Player One, Game of Thrones, Ferris Bueller’s Day Off, Breaking Bad, The Matrix, and X-Men.
Each impeccably captioned with large text, set to music, and carefully edited / mixed together. In the span of like 9 hours
These tweets were chosen for maximum superstonk hype, and had a lot of effort put into them. He chose themes of vengeance and male action-movie anti-heroes, He knows exactly what his audience will lap up.
It’s so gross, but like in a kind of impressive way.
I hope he had a real long talk with his lawyers to be 100% sure this also won’t count as market manipulation.
Matt Levine has an amazing newsletter about this today. Relevant excerpt:
In the hypothetical trade in Question 7, would the US Securities and Exchange Commission have a case against him for market manipulation? In your answer, make reference to (1) the fact that the tweet doesn’t mention GameStop at all, (2) the recent decision by a federal judge in Texas that actually pump and dumps are legal and (3) the 2023 decision by a federal judge in Washington, DC, that the moon emoji is securities fraud.
We live in a crazy world.
Disclaimer: I hold 4 GME shares because… well, I just wanted to have a bit of fun.