I wasn't about to write much about what was going on because I didn't have enough time to go through enough material and make a more detailed post. I was following the more crypto-like events of the stock market. I'm all in on crypto and my recent gains came from my cryptocurrency investments. What I'm happy about the current scenario is all these things that have been coming out and getting revealed to the general masses (or "sheep"/"normies" if you want to call it that).
I was busy with some things IRL and I wasn't in a mood for writing a lot. But sometimes, what Charles Bukowski talked about writing comes to play. I have bunch of work to do. But I'll try to do my best here and help you guys as much as possible.
I wasn't shocked by the limits on trading that were put on. We've come pretty close to this before and finally many brokers are showing their true face and their allegiance. What shocked me was how aggressive all of this was. When I looked at the reports of other people, the numbers were much different. They they called how the limits were made to go even lower.
These numbers are far far lower than the numbers I saw on streams and other reported videos while laughing at these poor souls who didn't have access to true DeFi.
I'm happy to have found Brian Jung an year ago. He did an excellent job documenting the events and trade. Of course I didn't watch all ~20 content. I watched some live and watched some recorded. Let's hope none of these videos get deleted from YouTube. If you can have backups of thee videos for historical purposes, I strongly encourage it.
There were strong fundamentals involved. The original investment thesis could be understood by anyone who understand the basics of supply & demand + what it means to short a stock. All I had to know was that Gamestop stock was short over 140% and the company was actively trying to make things better and had solid plans in the works.
Cooper Academy is a channel I came to love mainly because they give detailed breakdowns on what various high profile investors are investing in. I found out about Gamestop about roughly half an year ago
This is the exact video I watched. This is the exact place I thought Gamestop might have a chance. I didn't expect what went down these few days. But I do have the bragging rights to say I had already known about Gamestop being good. 140% short is asking for a short squeeze and poor stock exchanges of 20th century ways are not even maintaining a 24/7 trading scheduling.
I have been calling for the HIVE community to fund the DeFi proposals by @aggroed and @disregardfiat exactly because we can position ourselves at a great light when an event like this happens. We will have a 24/7 trading platform with no asset trading being controlled. You will not be told when and how much you can buy or sell. On top of that you will have a place to talk about all your investments without being censored.
Just as liberal are not really into freedom these days, "Hate Speech" is not really bout hate; but simply about speech "they" don't like. If you call people for genocide or to burn buildings or send those with certain political beliefs into concentration camps, its not treated with the same weight as bunch of people gathering up with their research on a public forums (instead of behind closed doors) and say, let's pump this because the short squeeze is going to be a thing.
I have never liked Robinhood. It was free trading and they setup the entire brokerage firms to compete with "free" by making their own products free. It can only mean that "you" were the product. That's not 100% true. What really was sold as the product was your trades:
When they screwed up on one of the biggest trading days, there were some evidence pointing out to the whole mess being cased by Robinhood not being programmed to handle leap years! This is not confirmed, but I considered it an extremely plausible theory at the time. I still stand by this theory.
The Big Short (2015) was one of the greatest "Based on a True Story" movies ever told. It was a masterpiece in the way the movie handled most things. There were many things left out, but many of the important things were covered well. Maybe Michael Lewis would write a book about this.
Got to https://canitradeit.com to find a list of places that allow you to trade your stocks with the money you own as you see fit. Keep in mind that these companies could still place limitations on how much you can trade. After all, they are not DeFi. They are decades behind the kind of things we have become accustomed to.
I wanted to finish this off as quickly as possible. But the words keep pooping up and I've got days worth information which I have consumed (while dealing with many other things going IRL) and I had to get as much of this out as possible. I'm sorry if I'm throwing too much content at your face. I will try to summarize these things before closing.
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