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"The anons of the past have only shitposted on the Internets about the world, in various ways. The point, however, is to change it."
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File: 1608680398363.jpg (62.28 KB, 775x514, DOWn.jpg)

 No.30493[Last 50 Posts]

💰️DOW/Market Watch Thread💰️
monitoring the market, trends, fluctuations, etc.
🎩
👀
🐽
👄
>>

 No.42599

>>41893
bounce back because the banks are using it
>>

 No.42600

>>42567
>we're gonna get mid 80's GDP growth rate because I said so
>>

 No.42603

File: 1610407994281.png (33.57 KB, 324x505, 1bb25c84257313a972ad42e513….png)

>>41883
IT'S DA JUICE AHHHH
lmao they're coping so hard
>>

 No.42606

>>39904
yeah, makes sense. glad i didn't put much money into BTC. what about monero? pretty useful for avoiding sanctions because of the anonymity, even though it just got blacklisted from a few exchanges
>>

 No.42611

File: 1610408390031.jpg (28.66 KB, 488x463, jpjpjp.JPG)

>>42567
americans receiving their daily dose of copium
>>

 No.42718

1.5 hour conversation on mmt and marxism https://invidious.snopyta.org/watch?v=j_hl4VGvqPc

also on youtube if you're a cuck: https://youtube.com/watch?v=j_hl4VGvqPc
>>

 No.42722

File: 1610415476642.png (29.62 KB, 1178x127, 1.png)

>>42718
you gave me cancer
>>

 No.42723

>>42722
It's your fault for reading youtube comments.
>>

 No.42734

>>42722
This man liked his own comment.
>>

 No.42839

Michael Roberts speaks for 2 hours 45 minutes https://invidious.snopyta.org/watch?v=wqan1Hn5Byw
also on youtube if you're a cuck https://youtube.com/watch?v=wqan1Hn5Byw
>>

 No.42840

>>42839
*sorry it was 2 hours 35 minutes, don't want to falsely hype up the video.
>>

 No.42846

>>42839
music choice immediately made me think I was watching a donoteat01 video
>>

 No.46151

Crypto-hitmen: Russian cybercrime investigation team reveals contract killers are being paid in Bitcoin

Russian killers-for-hire are increasingly being paid with cryptocurrency, believing that the relative anonymity granted by digital money and electronic wallets means that they can more easily get away with their crimes.
That's according to Konstantin Komarda, the head of Russia's Cybercrime Investigation Department, who told news agency TASS about the challenges involved in identifying who is sending and receiving crypto.

"We investigate professional attackers who are IT specialists, who feel confident in the cyber environment, who carefully plan crimes and use an arsenal of ways to maintain their anonymity and remain unpunished," Komarda said.

Komarda noted that payments are often made through 15-20 different electronic wallets and are mixed with tens of thousands of other operations.

"In general, since 2013, the crime rate in the field of information technology has increased more than 20 times, and continues to increase," he revealed. "Today, every seventh crime in Russia is committed with the help of information technologies or in cyberspace."

As of January 1, cryptocurrencies are now officially legal in Russia. In July, a bill signed by President Vladimir Putin brought cryptocurrencies out of an unregulated ‘grey zone’, and they must now be counted as assets, along with physical types. Crypto will still be prohibited as a means of payment, however, so nobody will be spending Bitcoin in shops any time soon.

"Cryptocurrency is described by lawmakers as a means of payment and a means of saving, as an investment, but it can't be used to pay for goods and services in Russia," Anatoly Aksakov, head of the State Duma Committee on the Financial Market, told news agency RIA Novosti.
https://www.rt.com/russia/512652-investigation-contract-killers-bitcoin/
>>

 No.46485

anyone know why oil prices have going back up to more normal ranges? Less demand? or were the prices just artificially low because of the deals between all the oil producing countries a while back?
>>

 No.46699

>>46485

Lots of speculation on oil right now, with people buying it up on vaccine hopes. It's probably 10-15 dollars lower if you take that away.
>>

 No.53989

Dow Jones going down
>>

 No.54051

File: 1611293533452.jpg (29.84 KB, 394x329, 1587181747208.jpg)

Newfag to investing here. Trying to play porky's game so I can retire early.

So all the signs point to this market crashing with no survivors. Is this assessment correct? How do I go off making money when the market crashes?
>>

 No.54055

>>54051
don't even bother, America is dying. If you're going to invest in anything, invest in leftist literature.
>>

 No.54059

>>54051
They might just keep poomping so stonks go up even as the USA burns to the ground

There's options and shorts to take advantage of a market crash but that's risky because you expose yourself to enormous liability if you get it wrong

Slightly safer would be currency speculation that way you'd be betting against the rwal American economy not just stonks which can be manipulated
>>

 No.54060

>>54051
the market can stay irrational longer than you can stay solvent.
>>

 No.55951

File: 1611455332718-0.jpg (2.03 MB, 3264x2448, toma2.jpg)

File: 1611455332718-1.jpg (2.03 MB, 3264x2448, tomato.jpg)

File: 1611455332718-2.png (878.46 KB, 1200x800, tomatarx.png)

tomato season approaches and this thread will now be commandeered by TOMATO GANG yet again do not resist
>>

 No.55954

File: 1611455494442.jpg (135.05 KB, 600x550, miso-aubergines-cropped.jpg)

>>55951
Shut the fuck up, ketchup chugging nigger. This thread was always pro-eggplant on the Vegetable Question.
>>

 No.55955

File: 1611455764469.png (593.1 KB, 900x506, nightshadegang.png)

>>55954
Can we not have unity, brother?
>>

 No.55965

File: 1611456830844.jpg (30.99 KB, 330x499, 1.jpg)

>>55955
>The Ketchupist mode of thought has for a long time governed the ideas surrounding vegetables of the 19th century, and still governs some of them. […] Hence, from this tomato-oriented idea nothing could come but a kind of eclectic, average food, which, as a matter of fact, has up to the present time dominated the bellies of most of the gardeners in France and England. Hence, a mish-mash allowing of the most manifold nighshades: a mish-mash of peppers, eggplants, tomatoes; a mish-mash which easily leads to inferior food like ratatouille.

>To make a science of gardening, it had first to be placed upon a real basis: aubergine.
>>

 No.56020

>>55951
FUCK YOU GREEN/YELLOW RETATOMATO

This is a red site only.
>>

 No.56024

>>55954
Of course we're fucking eggplant, tomatoes aren't even a vegetable.
Yeah, you heard what I said.
>>

 No.58880

File: 1611700619933-0.png (21.23 KB, 643x407, ClipboardImage.png)

File: 1611700619933-1.png (64.41 KB, 585x329, ClipboardImage.png)

This whole Gamestop shit has proven that the market is nothing but a fucking joke.
When this meme deflates, and that bubble pops, workers WILL lose their jobs.
Fuck Redditors.
>>

 No.58894

>>56024
Neither are eggplants, retard.
>>

 No.58901

>>58880
FUCKING GAMESTOP
>>

 No.58906

>>58880
the only game that's stopping is pensions and foodstamps amid a pandemic, amirite.
>>

 No.58918

>>58880
fill me in what is happening
>>

 No.58925

>>58880
>>58918
pls im retart
>>

 No.58933

>>58918
>>58925
Nobody knows. Particle man.
>>

 No.58934

>>58918

WallStreetBets is literally suffocating a hedge fund called Melvin Capital, which manages about $13 billion in assets, by buying shitloads of GameStop stock. Melvin shorts GameStop, and WSB decided to buy so much GameStop that they force Melvin to cover their shorts, effectively transferring their $13 billion to Redditors and other people climbing the rocket. Honestly hats off to them, this is the kind of good times I’d expect from classic 4chan days.
>>

 No.58936

>>58934

Also, Melvin Capital is technically already fucked. The share price is so high right now in the after market that if the market opens with the share price where it is right now, Melvin Capital will have 100% losses. A $13 billion hedge fund destroyed by Reddit trolls lmao.
>>

 No.58940

>>58936
Wait, how large was the short and how much capital is WallStreetBets mobilizing?
>>

 No.58942

File: 1611705655210.png (48.02 KB, 727x690, Screenshot_2021-01-26 GME ….png)

AMA
>>

 No.58943

>>58942
When are ya gonna pull the ripcord?
>>

 No.58946

>>58940

Tbh I don’t know the details, I just saw that circulating on finance Twitter. People were claiming they’d lose everything at $190
>>

 No.58947

>>58943
My analysis indicates it will open tomorrow at just north of $300, after which it will deflate once the hype runs out (look to KODK back in August 2020 as a model). So, right around open.
>>

 No.58948

>>58947
Good. Donate some of the gains to the mods for server costs. Buy gun and boolets.
>>

 No.58950

File: 1611706806406.gif (26.56 KB, 220x220, thinkball2.gif)

is this thread the just leftist version of /r/wallstreetbets ???
>>

 No.58953

File: 1611707384108-0.png (11.25 KB, 372x296, bravo-1.png)

File: 1611707384108-1.png (135.32 KB, 600x854, 1608075772146.png)

>>

 No.58957

File: 1611707815702.jpg (53.22 KB, 356x356, 1587913677458.jpg)

I have 34.7k in my checkings and 33k in my savings.

I'm thinking of putting 15k in some solid Vanguard funds. I'm a little weary with the whole economic situation though; it seems like a depression is incoming and it's a bad time to get into the market.

Thoughts? Should I go ahead and start investing anyway? Should I invest more than 15k bros? Any advice for a complete newfag to all this investing shit?
>>

 No.58958

File: 1611707898005.jpg (14.53 KB, 251x242, fae3fa5c5e55c4dda8db10a987….jpg)

>>58934
>You can fight capitalism by buying stocks now
>>

 No.58964

>>58957
There is a chance you will make gains as the market crashes and disintegrates, if you engage in gambling. But like any casino, all gains can be wiped out in a second. And that's ignoring geopol causing petrodollar to collapse and leading to hyperinflation.

>investing

No. Nonono. The time for that has past for decades. This is pure speculation time. Tulip mania 24/7.
>>

 No.58966

>>58964
Well I have too much money in my account not doing anything for me. How do I use that money to play porky's game so I can retire early or have more funds to support the Left?
>>

 No.58968

>>58966
I took everything out a while ago. I've missed out on a lot of gains, but I'm not down to gambling against losing odds.
>>

 No.58969

>>58966
Go to to r/WallStreetBets, and troll a hedgefund into losing 13 billion, apparently. Also, throw out random noise posts, because it's being literally monitored by Wall Street traders now. But hey, if you're into the idea of going from +68k to -200k, it's the place to be.

https://www.marketwatch.com/story/trader-says-he-has-no-money-at-risk-then-promptly-loses-almost-2000-2019-01-22
>>

 No.58970

>>58966
I recommend learning technical analysis, so read up on subjects like moving averages, RSI, volume, market depth, etc. You can set risk/reward ratios and take-profit levels, so that lets say if the instrument you buy goes up 4% from where you bought it, but then down 1%, it automatically sells it and you're left with a safe 3%, just in case it were to dip further. Use different indicators to find points to buy, though be prepared to cut your losses if you choose wrong. As the market crashes, I recommend loading on inverse ETFs, so that you'll make profits even when the market goes down.
>>

 No.58972

>>58969
I'm tempted to buy some cheeky GME calls but I also think that there's no way that porky is going to let this slide.

>>58970
I mean, that's probably the smart thing to do, but I literally don't have the time. I wageslave 9–5 and at night I am learning some robotics stuff for grad school alongside doing my hobbies. Do I really have to learn technical analysis?
>>

 No.58976

>>58972
You can do it over longer time frames. Alternatively, buy some ETFs in highly-profitable sectors like technology and healthcare, setting take-profit levels. Hedge with inverse ETFs, which will yield greatly when the economic bubble pops.
>>

 No.58978

>>58976
>ETFs

like Vanguard ETFs?
>>

 No.58980

>>58978
Vanguard is one company that has some, yes. Just look up "healthcare ETFs" or "inverse ETFs" and look on your platform to see if they're available.
>>

 No.58982

>>58980
thanks, those look easy. Perhaps I might learn technical analysis one day; I hate financial shit but I also hate being a wageslave
>>

 No.59028

>>58982
someone post PDF of technical analysis
>>

 No.59040

Do I buy some cheeky GME calls bros?
>>

 No.59104

>>59040
if you have to ask you probably shouldn't
>>

 No.59130

>>59040
Just buy in when it’s lowest tomorrow, although don’t invest any money you ain’t willing to throw away. I bought in at 40.
>>

 No.59136

What would have to happen for the tech bubble to burst?
>>

 No.59138

>>59136
barbarianism
>>

 No.59139

>>59138
In what sense exactly?
>>

 No.59143

>>59139
the fed would have to stop stimulating shit, which probably wont happen for a while. US deficits can get a lot higher,
>>

 No.59149

>>59143
Do we have a rough idea of how high they can get before tipping over?
>>

 No.59172

File: 1611735772594.jpg (196.91 KB, 500x350, gold_gang_ep5.jpg)

>>39750
Anyone else gold gang?
>>

 No.59179

File: 1611736196487.png (72.75 KB, 720x720, f6d9910a8f35443da98118a218….png)

>>41867
Told ya → >>36241

Gold gang remains comfy – as always…
>>

 No.59191

>>58958
It isn't exactly fighting capitalism, they're just shifting already stolen surplus value around.
>>

 No.59192

>>55954
Yuck.
>>

 No.59193

Okay lads, hello and welcome to ~Operation Allende~.
On the 11th of April the Chileans are voting on a Constituent Assembly to abolish the Pinochet-era constitution. Now as we have seen with Bolivia, Argentina, and Chile already when leftists win elections in the Southern Cone, Tesla tends to drop 3-5% of its stock price. Since the left is likely to win this Constituent Assembly pretty handily, that drop should occur. I motion that we, for that day, short Tesla stock, make some decent money off communists winning, and fuck over Elon Musk. Who's in?
>>

 No.59202

>>59193
Interdasting, how do I shot web?
>>

 No.59207

File: 1611747946205.png (314.12 KB, 576x566, 11b98ec662fe18b5e307e341eb….png)

>>59193
>Since the left is likely to win this Constituent Assembly pretty handily, that drop should occur.
>Porky has over 3 months to prevent this
Don't get too cocky now! If you believe the local reactionaries and the Biden regime will let this happen without strong resistance, you are being idealistic. Especially now, our local comrades need to be especially vigilant! Even after a few days the voot results are in, they might try another coup.
>>

 No.59208

>>59207
meant to say "over two months"
>>

 No.59215

>>59207
Ofc ofc but Bolivia and the last referendum in Chile is a good indication it could occur again. And the drop for the Chilean referendum was about 9% over 4 days following the result.
>>

 No.59248

File: 1611753938058.jpg (89.82 KB, 1266x307, palemoon_2021-01-27_08-24-….jpg)

god bless these autists for making porky seethe and sneethe
>>

 No.59264

NASDAQ'S ADENA FRIEDMAN SAYS WE MONITOR SOCIAL MEDIA CHATTER AND WILL HALT STOCK IF WE MATCH CHATTER WITH UNUSUAL ACTIVITY IN STOCKS - CNBC
>>

 No.59265

>>59264
lol this is so stupid, how has this not happened before? Is porky just extra jittery because they know how shaky and fragile their bubble is atm?
>>

 No.59266

>go to /biz/
>/pol/-shit and anti-semetic neo-nazi shit in literally every thread
>close tab

jesus christ what a cesspool
>>

 No.59268

File: 1611756055197.png (113.13 KB, 243x240, proki.png)

>>59264
>when workers figure out how to manipulate the stock market.
>>

 No.59270

>>59266
it's extra shitty these days because the retard qboomers on /pol/ think this is payback for stealing the election from trump.
>>

 No.59280

File: 1611756709869.png (91.52 KB, 176x200, HAW.png)

>>59264
AHAHAHAHAHAHAHAH
AAAAAAAAAHAHAHAHAHAHAHAHAHAHAHA
==AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA=
haha.
>>

 No.59282

>>59264
All outcomes free market creates are good, unless it's something we don't like.
>>

 No.59287

>>59191
Exactly - we shift the surplus value from the bourgeoisie to the proletariat.
>>

 No.59289

>>58942
>>58947
Alright, looks like my analysis was spot on. Gonna' take a sell right now because there's a decent chance there will be some considerable profit-taking soon.
>>

 No.59291

>>59270
>qboomers think this is revenge
I'm convinced those cancerous retards are mentally retarded
>>

 No.59293

>>59287
While this is cool and all I don't think majority of individual investors are proletariat.
>>

 No.59295

>>59293
The more members of the vanguard that engage in this, the more funds they will have to fund socialist operations. That, or they could donate it to a charity.
>>

 No.59298

>>59289
I listened to your advice and didn't buy at opening, thanks anon
>>

 No.59313

Decided to YOLO my stimulus money into BB, let's see if it works out
>>

 No.59318

File: 1611760612135-0.png (291.04 KB, 1411x782, ClipboardImage.png)

File: 1611760612135-1.png (3.58 KB, 142x76, ClipboardImage.png)

File: 1611760612135-2.png (4.25 KB, 173x77, ClipboardImage.png)

>almost everything is down
>amc is up 184%
>gamestop is is up 68%
what the fuck even is stocks
>>

 No.59320

File: 1611760843796.png (93.06 KB, 706x652, ClipboardImage.png)

AHAHAHAHHA HOLY SHIT
https://downdetector.com/
>>

 No.59323

>>59320
>crunchyroll
I knew it.
>>

 No.59333

File: 1611762303578.png (48.18 KB, 641x542, Screenshot at 2021-01-27 1….png)

Meanwhile in cryptoland, two funny lines finally crossed in BTC chart
>>

 No.59336

>>59333
what does this mean?
>>

 No.59337

>>59336
downward trend
>>

 No.59338

>>59337
so don't buy BTC until it bottoms out?
>>

 No.59339

Are we any closer to the Great Realization, when everyone finally gets the fucking memo that all of this is made up and can be fucked with at will?
>>

 No.59344

File: 1611763254665-0.png (7.94 KB, 348x165, 2021-01-27 Wall Street.png)

File: 1611763254665-1.jpg (116.62 KB, 736x489, do you feel in charge.jpg)

Any good livestreams of the stock market to watch?
>>

 No.59345

>>59339
Everybody already knows.
>>

 No.59346

>>59345
Then why are they still playing the game?
>>

 No.59348

>>59346
You can't profit if you don't play along.
>>

 No.59350

>>

 No.59353

>>

 No.59354

While I'm all for hedge funds eating shit I also hope that in the end it bites reddit stockbros in the ass as well, to discourage more impressionable kids from becoming that.
>>

 No.59361

>>59354
On the contrary, I hope it spurs more people to absolutely fuck the stock market to pieces.
It's the only way we can get rid of this massive parasite.
>>

 No.59370

>>59361
This. The more random proles try to seize the financial MoP the better.
>>

 No.59392


Already made $118 bucks from NOK and BB, this is free money guys.
>>

 No.59406

>>59361
You are being naive if you actually think this was solo project of Reddit shitposters. Even bigger porkies were betting against citrons et al behind the scene in options market. Most wsbtards would end up with insolvent junks making everyone else richer bearing all the risk of ruin with limited gain.
>>

 No.59407

File: 1611766294903.png (266.92 KB, 576x698, bc88689c7560182a727d6c0505….png)

>>59346
Because doing so would destroy everything now as opposed to as late as possible, what those maniacs are hoping for.
Watch this video explain it in a nutshell:
https://youtu.be/bTq8xOuvxzQ

For me the current situation is a nothin' Burger unless I see an over 5% drop…
>>

 No.59410

>>59407
meant to say "not doing so would destroy everything"…
>>

 No.59429

>>59370
>financial MoP
Bruh
>>

 No.59431

>>59264
<NOOOOOOOO YOU CAN'T DO INSIDER TRADING THIS IS OUR PRIVILEGE NOOOOOOO

Porkoids seething
>>

 No.59433

>>59354
nah fuck that, people got fucked from covid. i hope the redditbros who got in on this make it to the moon.
>>

 No.59436

People turning against finance capital doesn't mean shit if they don't turn against capitalism in general. This will just accelerate the rise of fascism.
>>

 No.59437

File: 1611767845634.png (232.93 KB, 540x405, 627ed6ce3cf4ef1b9034fed70b….png)

A bit late but *me towards Bitcoiners
>>

 No.59441

This whole thing is only possible because companies telegraph which stocks they're going to short, right? Can't they just cover their bases better?
>>

 No.59446

anyone got the famous crisis general crash webm
>>

 No.59447

File: 1611768422595.mp4 (7.94 MB, 1280x720, 2020 stock market crash.mp4)

>>

 No.59453

>>

 No.59454

some ceo is dunking on porky CNBC right now, worth watching
>>

 No.59455

>>59406

The gamestop situation is actually somewhat unique, because the float really wasn't that much. You had 50 million shares out there fluctuating around $10-$15 a share. So a couple hundred million could buy a huge stake in Gamestop. WSB has had over a million people subscribed for a bit, now it is at 3 million. If 100,000 WSB users put an average of $6,000 into GME, then they'd nearly be able to buy the company at the $10-$15 share price. Of course, the price skyrocketed when they started buying up all the shares on the open market, so they couldn't really buy out Gamestop, but they could've bought enough and staunchly held onto it that the price would just start snowballing upwards because of how much demand was building and how supply was getting constrained.

But of course, Chamath publicly stated he was buying into the frenzy, and doubtlessly others did behind the scenes, but I think they really did start getting in on it because they smelled blood. They saw that those shorts were so close to getting liquidated that there was a real opportunity for a squeeze here that they'd only had to put up a fraction for. So in a sense WSB did start the frenzy, they raised the flag. But they're not the only money involved anymore.
>>

 No.59456

I'm so happy GameStop is coming back!
>>

 No.59458

>>59453
>Take billions of dollars from big capitalists
>Give it to the needy
Long live the /leftypol/-wallstreetbets united front!
>>

 No.59466

>>59447
Isn't there another one?
>>

 No.59467

>>59455

Actually, to come back to this Chamath just went on CNBC and claimed he only invested $125,000. He said he exited the position this morning with a $500,000 profit, but claimed he wants to donate all of it, and then started saying hedge funds are bullshit institutions that get favorable legal treatment so that they can leverage like crazy.
>>

 No.59468

>>59441
A bit better, but it's still logical which ones to short, which will become targets for this kind of shit from now on.
>>

 No.59469

>>59441
the hedge-funds doing the shorting can hide their tracks sure, but any publicly traded stock has to show how much it's being shorted. GME was over 100% shorted, people only know what hedge funds were shorting it because they were bragging about it on twitter.
>>

 No.59474

>>59467
This whole debacle was perfect storm was perfect storm, I am not denying that. What I wanted to point out is, most wsbtard do not have any escape plan after bleeding snobby smaller hedge funds off.

TSLA hodlers can wield magic wand "world's first fully automatic self-driving car" to justify price tag as they slowly unwind but what is GME stock supposed to do in your portfolio in the first place?
>>

 No.59479

>>59474
I think the justification is that they're going to be competing with Amazon, thus siphoning away some of their market share.
>>

 No.59491

>>

 No.59511

File: 1611772989098.png (322.81 KB, 576x566, 1608525357587-1.png)

>>59479
well fuck me, I'm losing money not owning this piece of action then. lemme sell some covered puts for bourgeoisie tears
>>

 No.59524

Does the gamestop thing make reddit more based than 4chan? I mean what the fuck did a bunch of anons do that was anything even close to this?
>>

 No.59525

>>59524
wallstreetbets is basically 4chan
>>

 No.59528

>>59525
Nah it's just non-corporate reddit.
Reddit used to be a generally edgy place before the SJWs took it over.
>>

 No.59529

>>59528
the same thing could be said about tumblr and most of the internet.
>>

 No.59535

what is this GameStop shit? What's happening?
>>

 No.59537

>>59535
Redditors discovered they can manipulate the stock market and are crashing certain investments and getting rich.
>>

 No.59538

>>59535
Reddit used gamestop to fuck up the stonks.
>>

 No.59541

>>59528
Create a new reddit account, browse r/all and start blocking every community with more than 10k subscribers. It turns out that reddit is mostly a link aggregator for incredibly specific sexual fetishes
>>

 No.59544

What laws will porky pass now that the redditors got to have too much fun?
>>

 No.59546

>>59544
a law that kills reddit for good.
>>

 No.59548

>>59544
Only licensed "professionals" may do anything with the stock market, completely locking out everyone that isn't Porky.
>>

 No.59549

>>59548
so much for "free" market!
>>

 No.59551

Guys.. the market doesnt look so good right now
>>

 No.59552

I haven't got all the way through Kapital about 3/4th of the way through, does Marx say anything about Reddit being one of the contradictions of Capitalism?
>>

 No.59554

it's going to be extremely stupid if reddit causes a bigger crisis than a pandemic
>>

 No.59555

>>59554
It's exactly the kind of stupid this hell country deserves.
>>

 No.59557

>>59554
>>59555
It would be a literal reddit moment, and I will laugh my fucking ass off.
>>

 No.59564

https://edition.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html
CNN accuses GameStop hodlers of being alt-right and tells them to stand down
>>

 No.59565

>>59564
>gamestop declared a fascist organization by CNN
>wikipedia follows
>wsws starts shilling against them
>Jimmy Dore has gamestop exec on show
it keeps repeating
>>

 No.59566

>>59564
Oh boy, is Porky gonna angle for terrorism charges?
>>

 No.59571

>>59564
lol its chris cillizza too
>>

 No.59572

>>59554
Uhh you mean based, right?
>>

 No.59582

>>59564
Oink oink. Shut it down.
>>

 No.59584

>>59320
>start losing
>DDOS the server
It's just like CSGO and Dota
>>

 No.59585

>SEC's shutting down Reddit accounts
Oh boy oh boy I hope this escalates
>>

 No.59588

>>59585
>crackdown on Redditors for not doing anything legally wrong
Last time, we got Gamergate.
>>

 No.59591

>>59588
I hope Porky sends actual physical fucking police in a panic.
>>

 No.59592

File: 1611779434484.jpg (132.45 KB, 807x936, 1611774155364.jpg)

What do you think? Porky will commit mass suicide now that the dirty peasants are in on the trick?
>>

 No.59595

>>59591
To where? The Eglin air force base? lmao
>>

 No.59597

>>59456
That's not what this means at all lol
>>

 No.59599

>>59595
Just to random redditors' houses, arresting/shooting them for fucking up the shell game.
>>

 No.59600

>>59599
The opening of the original Ghost in The Shell movie happens to everyone on WallStreetBets, enough people die that it qualifies as genocide
>>

 No.59602

>>59289
So how much money did Melvin lose?
>>

 No.59603

>>59600
If that wouldn't firmly jostle a real class war into motion, nothing would.
>>

 No.59610

>>59565
>wsws starts shilling against them
what? why would they do that?
>>

 No.59611

>>59603
There's already a real class war, it's the capitalist equivalent of the Baron's Revolt
>>

 No.59624

>>59610
>WSWS: Buying stocks is trumpist coup fascism.
>>

 No.59655

>>59548
noooo big porky don't expose how stupid the system is haha that would suck haha
>>

 No.59656

File: 1611783414868.png (572.47 KB, 674x899, laff.png)

>>59564
>CNN accuses GameStop hodlers of being alt-right
>>

 No.59690

File: 1611784686507.jpg (50.64 KB, 926x1221, 43953.jpg)

>>59333
>b-b-bitcoin will pop at any moment and have no value
keep cryng b*bo
>>

 No.59699

Can anyone debunk bitcoin to a dumb idiot like me?
>>

 No.59706

>>59699
Debunking bitcoin implies there is anything of worth in any fiat currency
>>

 No.59712

File: 1611785179381.jpg (46.1 KB, 400x320, 105-1056297_pepe-the-frog-….jpg)

>>59699
>debunk bitcoin
Is currency… currency is a thing that exists anon. Is like asking to debunk the concept of holes or cereal
>>

 No.59714

>>59712
the idea that can make any looser rich i mean
>>

 No.59717

lel. The "left" in the west has done little to make porky upset but a bunch of chuddy gamers did. Maybe 4chan was right. The left is cringe and the right is based after all…
>>

 No.59718

>>59714
There's always been stories about people who get rich through speculation. People HAVE made obscene amounts of money in Bitcoin, that's not really in question.
>>

 No.59719

>>59706
Bitcoin derives its worth from the resources and their associated labor used for mining it. Besides this, its value is derived from its technological quality: things like how hard it is to counterfeit, its small denominations, or the fact that its programmable, future-proofing itself.
>>

 No.59721

>>59714
Debunk lottery, substitute bitcoin for lottery.
t. Someone who made a lot of money through cryptos.
>>

 No.59723

>>59544
I suspect something like CP rules for websites. A website owner is responsible for market manipulation going on in their website.
>>

 No.59738

>>59719
Thanks for sharing your irrelevant thoughts
>>

 No.59742

>>59719
While also taking massive amounts of energy and fouling up the environment.
Its worth is based on the resources it steals to fuel its illegitimate existence.

Destroy it.
>>

 No.59749

>>59738
>>59742
I'd be mad too if I didn't get bitcoin before it got to $10,000
>>

 No.59758

>>59193
Bump, uphold Operacion Allende
>>

 No.59760

>>59749
ancaps get the bullet
>>

 No.59766

>>59760
I'm a market socialist you ding dong.
>>

 No.59770

File: 1611788287749.jpg (98.46 KB, 669x869, inceltheoryofshorting.JPG)

Porkies are really losing it about this lol
its hurting them more than anything else in the last year
>>

 No.59774

>>59770
lol, why does every fucking major political event get attributed to incels these days?
>>

 No.59777

>>59749
If you want to shill the long term viability of bitcoin at least make an effort to tie it into the topic of conversation
>>

 No.59778

File: 1611788483958.png (87.3 KB, 640x480, freud.png)

>>

 No.59782

File: 1611788521161.jpg (156.09 KB, 707x853, 4.jpg)

>>59774
Incels are the new Jews. They don't really exist in a meaningful sense, they're an "other" to blame your problems on. It's okay to shit on them because they're a small, almost nonexistent demographic of people who really don't matter but they're scary and that's what counts.
>>

 No.59783

>>59777
Look at the post that this (>>59719) is replying to. I was on topic already.
>>

 No.59784

>>59770
>not at work
I'm pretty certain most of the wsb guys have jobs.
>>

 No.59785

>>59783
He was talking about bitcoins ability to make random guys rich not its long term prospects
>>

 No.59789

>>59785
>Debunking bitcoin implies there is anything of worth in any fiat currency
The post was talking about worth and I responded about the same thing.
>>

 No.59791

>>59789
Clearly they were pointing out the absurdity of needing inherent value for crypto but not any other form of currency.
>>

 No.59830

Well everything I made just got wiped out in AH trading. Maybe I shouldn't have done this stupid shit.
>>

 No.59833

>>59830
What did you do?
>>

 No.59835

>>59833
Bought NOK and BB at market open. Could've made $600 if I sold. I also bought a GME share for the memes at $330

Whatever, it's all money I was OK with losing, just pissed that I let myself get caught up in the hype and am getting flamed for it.
>>

 No.59837

>>59791
Asspennies are not fiat, they difficult to get, and use a huge amount of resources in the process, but unlike commodity money, isn't physical and has no use value. They have limitations of both fiat and commodity money, and advantages of neither. With only utility being pretty much impossible to trace. That's why Something Awful immediately pointed it was going to be used for criminal activity, and they were right, and then correctly called every single scam Bitcoin community always fell for.

>Bitcoin forums got removed from the Bitcoin website

>first Bitcoin conference was attempted to be held in the child prostitute capital of the world
I missed old internet.
>>

 No.59846

>>59843
reddit had a moment
>>

 No.59852

>>59843
Earnings are still in the shitter, speculation over Gamestop's corpse heralds a lot more speculation to come.
>>

 No.59883

>>59548
This would be very good if true: finance Porkies becoming literally akin to French nobles in the late 1700s with finance as a 100% gated community.
It would literally REDpill people by the dozens.
>>

 No.59888

>>59564
<Liberals
>Hating every vaguely popular move

Name me a more iconic duo
>>

 No.59889

>>59888
they're neoliberals
>>

 No.59890

>>59889
This goes way back trust me
>>

 No.59895

>>59770
Lmao, even HackerNews isn't that butthurt
>>

 No.59897

File: 1611796265782.png (262.27 KB, 499x405, stfumarketsocialist.png)

>>59766
>market """"socialist""""
>>

 No.59899

>>59770
Why do liberal attempts at owning incels always end with them affirming incel logic rather than deboonking it?
>>

 No.59900

File: 1611796357941.jpg (122.58 KB, 1061x1139, Screenshot_20210127-191049….jpg)

>>

 No.59904

>>59899
Cause every time liberals and/or fascists fight, they fight for control of the superstructure, and the mere acceptation of this paradigm by the former works to strengthen the reactionary views of the latter.
>>

 No.59906

>>59899
Incels have logic?
>>

 No.59913

>>59906
Yes, they think access to sex and intimacy are the only drivers of society and that literally everything else is downstream of this.
>>

 No.59915

>>59913
Do you mean like completely? "Maslow's hierarchy of needs ain't shit" sort of deal?
>>

 No.59919

>>59915
You're treading on dangerous grounds inviting that time of discussion. Incel ideology is logically consistent up to a degree, just as much as any other ideology.
Maslow's hierarchy of needs is ideological trash than can be used to justify any ideology.
>>

 No.59922

File: 1611798103756-0.png (690.31 KB, 540x960, 9c92237f65eff79e9498c973ad….png)

File: 1611798103756-1.png (433.25 KB, 669x684, 222de036e04523b9674c07fd80….png)

>>59919
I like to live on the edge, by interrupting economic discussion, by contemplating liberal-fascist opinions on access to pussy. Really makes you think about liberal colour revolutions and efforts to sabotage communism, doesn't it, though?
>>

 No.59923

>>59922
no, it doesn't make me think. thanks for asking though.
>>

 No.59939

>>59900
So now they're moving to AMC? You think the same thing could happen?
>>

 No.59943

File: 1611800953865.jpg (34.36 KB, 655x527, 02f.jpg)

>>59922
I know its false.

Not because of the title of the book that makes it suspicious of being biased, but because women are all shallow whores.

If you get one make sure it has a penis
>>

 No.59945

bros, should i get into stock trading? not as a way to finance my life, but just to get some extra decent cash?
>>

 No.59946

File: 1611801298793.jpg (40.72 KB, 600x600, 5d8f3eb106811604a0eb5aa74c….jpg)

It seems like denying stocks to hedgefunds is actually a really easy way to inflate the price of stocks and therefore an extremely easy way for a group of people on the internet to make themselves rich quickly.
I think they're scared because people have realized how fulfilling it is to deny wealth to the wealthy.
>>

 No.59949

>>59945
yea, if you have savings just sitting in your bank
>>

 No.59952

>>59949
how much savings is enough to buy a decent stock? im a third worlder lmfao. is it true that i'll only get like 4$ of profit from doing this (assuming the stock price i bought rises of course).
>>

 No.59953

>>59952
If you don't have enough for whole stocks you can pick a broker that lets you have fractional shares.
>>

 No.59955

>>59952
How much do you have? You have to invest a certain amount of mental energy into it so it's not just free money, if you have say $10k it might be worth it, under that IDK.
>>

 No.59957

>>59952
I wouldnt mind a thread about financial literacy regarding stocks and whatnot
earily relavent jereg
>>

 No.59958

>>59955
there's no way in hell that me, a college freshman student, have 10,000 dollars in the bank. oh well, i'll go back to doing crummy online jobs to give me extra cash to fund my dates with my partner and buy extra food.
>>

 No.59960

>>59958
Yeah, it's not for me either, which is why I roll my eyes a lot at these schlubs saying this is somehow 'striking back for the little guy', as if the little guys in the world have the resources or knowledge for stock trading.
>>

 No.59964

>>59960
>>59958
speaking of which, have you guys been doing online jobs? speaking to those who are just students and not actual adult professionals, of course. i was thinking of doing some random one-off labor job but quarantine happened so i can only limit myself to online. i wanted to do a job involving writing but realized most jobs didn't require "creative" writing but a soulless copywriting or content writing for marketing and SEO. my last choice is a data survey job that probably will pay me 1$ per hour but considering i'd be working 40 hours per week and i'd get some decent earnings by the end of the year. i don't have the necessary "qualifications" for tutoring and for english teaching.
>>

 No.59989

>>59964
You could try to whore your life away with webscraping jobs but stress involved in securing a offer in the first place would make it not worth it as there will always exist at least one person who can do it cheaper than you do.

>>59690
I don't give two cents of flying fuck whether bitcoin has intrinsic value or not nor do I care about two random indicators . Your Ponzi coupons are worse than gold for hogging nontrivial amount of electricity just for existing and inefficient than decades old digital commerce solutions.

I only wish there was more accessible and regulated derivative platform beside futures market with decent liquidity so I can get rich off your incompetence.
>>

 No.60003

>>59699
There's nothing to debunk.
>>

 No.60086

File: 1611819212302.jpg (93.75 KB, 601x508, 2f76576557bff775bf47d65380….jpg)

>>59717
I don't consider Porky upset untill he starts sending his dogs (cops, feds etc.) after you. They do it constantly against law-abiding leftists, which speaks volumes.

Keep coping, rightoid! You achieved nothing.
>>

 No.60088

>>59964
My partner does online gigs. It takes a while to build a client portfolio. He also has a lot of downtime, which helps with the soulless part of it.
>>

 No.60103

>>60086
I mean, they definitely gonna crack down on this.
But just owning porkies on the internet doesn't mean being on the right track politically, even if it makes you feel good.
>>

 No.60104

>>60103
Ok glowie
>>

 No.60109

>>60104
What? I'm completely pro fucking wall street up, just don't pretend it's revolutionary praxis or class struggle or some shit.
>>

 No.60110

>>60103
>owning porkies [by deleting 12 billion from their portfolio] doesn't mean being on the right track politically
A virus that magically targets the world's most porkiest porkies would still be based even if it doesn't have ideology.
>>60109
In this case, IMO, it really is. If you can do it, and isn't afraid of anything, you should totally do it. It is more meaningful than basically all IRL praxis I've done this year. This is actively working towards fucking porkies money and could potentially cause a meltdown.
>>

 No.60118

Should I install robin hood or is it too late to hop on the bandwagon? I'm a thirdie so making even a hundred bucks would be pretty big for me.
>>

 No.60121

>>60118
Ah fuck, it's not available outside of US
>>

 No.60136

>>60121
I'm surprised Redditers from other countries haven't done something similar at their respective stock markets yet.
>>

 No.60137

>>60118
What should we do if we don't have robinhood available?
Are there any other options out there?
>>

 No.60354

>>60137
robinhood has removed ability to buy these share (and getting accused of corruption and market manipulation for it coz you can still sell them)
random ppl in reddit talked about and fidelity and degiro as apps where you can still buy these
>>

 No.60360

>>60109
Fucking up porky is praxis retard. You're just mad reddit thought of it first rather than the supposed economics experts on this forum. I love /leftypol/ but this shows how out of touch we are.
>>

 No.60364

File: 1611853156500.gif (879.37 KB, 400x258, 22fa78a54e086151fee7e945fa….gif)

>>

 No.60367

>>60360
I wouldn't ever consider /leftypol/ to be a vehicle for getting anything real done, we're too small and out of reach. You couldn't make something like this happen with as few users as we apparently have.
>>

 No.60395

>>60360
fucking up a singular porky isnt really praxis, the praxis part is revealing how rigged everything is, because surprise, people with the money are the people in power, who own medias, apps, and dictate gov policies.
I do feel a bit sad for people claiming to put their life savings on this, purely to "stick it to the man". fucking up a hedge fund is cool and all, but it's still a drop in the ocean, you don't solve anything systemic, and you have no guarantee to even have a profit
still pretty cool to see
>>

 No.60397

>>60360
>Praxis is when you do day trading
>Praxis is when hedge fund retards lose money
>Praxis is when NEETs become capitalists
>>

 No.60399

>>60395
The sheer panic it's caused makes it praxis in this particular context, as it has caused the powers that be to show their hand.
Anyone even remotely paying attention now knows how rigged the game is.
>>

 No.60400

File: 1611855264401.gif (990.83 KB, 500x281, 1356764987118.gif)

>>60399 (me)
And I just realized I just repeated what you already said.
I just woke up.
>>

 No.60402

>>60354
eToro lets you but I don't know it works outside Uk/USA
>>

 No.60422

>>60354
>robinhood has removed ability to buy these share
There is literally no justification for this. Anyone seeing this from the outside knows about the short squeeze. Not letting people buy is criminal.
>>

 No.60474

Just like counting cards at the casino, these guys on r/wallstreetbets are just gonna get kicked out and the rules changed, because the house always wins. But will this little casino bust cause a crisis? The implosion of our fake finance economy?
>>

 No.60475

File: 1611860528902.png (112.67 KB, 608x725, 1.png)

AOC, champion of the free market.
>>

 No.60477

>>60397
>when NEETs become capitalists
Imagine our socialists neets after they make their first million:
<uhm, capitalism isn't that bad, gais
>>

 No.60484

>>60477
More like:
>WOAH GUYS, you don't know the half of how bad capitalism is!
>>

 No.60493

>>60477
Having some people with money means we can build counter capital, set up dual power infrastructure, if we have to get the initial money through speculation? Fine
>>

 No.60510

Forcing some hedge fund manager and his billionaire clients to hand over some dosh to a trading house also run by billionaires collecting margin calls is not even in the most abstract and ambiguous analysis "praxis". It's funny and satisfying in a smug way but it 100% will not advance the goals of any left oriented variant in any meaningful way. Stop being spergs
>>

 No.60516

>>60510
It accomplished two things:
1. Putting some dosh in the hands of a few potential allies
2. Exposing the financial system for the utter scam that it is
>>

 No.60534

I cannot accept the idea that the gamblers at wsb are "potential allies" nor that the naked fraud of institutional investors was somehow off the radar of anyone who doesn't already care.
>>

 No.60537

>>60534
The potential lies in how the institutions will respond to this; Robinhood has already prohibited trading of certain stocks. If it's made blatantly clear that the game these people play in hopes of making it big is rigged against them it should be easy to turn them against the system as a whole.
>>

 No.60637

>>60516
>potential allies
Reactionaries are not allies
>>

 No.60639

>>60637
Let me guess, everyone that isn't specifically a part of your personal committee is a reactionary?
>>

 No.60642

>>60637
What makes every single poster on WSB a reactionary?
>>

 No.60678

>>60642
You realize they’re the same people posting le happy merchants on /pol/
>>

 No.60679

>>60484
>wishful thinking
base determine superstucture
>>

 No.60686

>>60678
Every single WSB poster is also on /pol/?
>>

 No.60687

>>60678
>You realize they’re the same people posting le happy merchants on /pol/
Do you have anything to back this up.
Because to me it just sounds like you are trolling
>>

 No.60694

>>60687
Their discords erver was very /pol/ish which is why I just laugh at all the commies here who think that they'll win over wsb guys.
Fact is fascism of all flavors are the only forms of viable political thought and action in America going into the future, if not the whole world. Might as well just drink booze or whatever until all of our freedoms get robbed from us.
>>

 No.60716

>>60694
It's possible only a minority of users on the subreddit would also use the Discord, just like how it is on any other community. People who join Discords or real time chat platforms from bigger communities tend to be the memers and trolls and not indicative of the community it's from. Some of the top threads on r/WSB are currently praising AOC lel, /pol/yps are not the dominant voice, and any overlap is probably from 4chan bleeding out into the rest of the internet.
>>

 No.60727

>>60642
they're bourgeoisie
>>

 No.60730

File: 1611869956977-0.jpeg (340.28 KB, 1282x2048, EsxWSfoUYAItDfI.jpeg)

File: 1611869956977-1.jpeg (338.4 KB, 1265x2048, EsxWS3jVEAAR9H0.jpeg)

>>

 No.60807

>>60716
Their subreddit description is "if 4chan had a bloomberg terminal" but yes keep telling us that guys who larp as day traders for fun are also brimming with revolutionary potential
>>

 No.60823

>>60807
Ohh yess I'm posting doooooom and gloooooom
>>

 No.60844

how do I buy libcoins without giving my private key away to 3rd party websites?
>>

 No.60868

>>60727
Yes.
Reminder that if you are not homeless and subsisting on a combination of meth, rats, rats on meth, and trashcan donuts, you are bourgeoisie.
>>

 No.60876

>>60727
Proof that they're ALL bourgeoisie?
>>

 No.60877

>>60807
Anything remotely connected to 4chan is automatically EVIIIL, says guy posting on /leftypol/. Jesus.
>>

 No.60880

>>60844
Make multiple "burner" wallets
For example:
Your bank account will be connected to your "main wallet"
>main wallet > BW1 > BW2 > third party wallet
and vice versa
>>

 No.60889

>>60877
90% of 4chan disavows us
>>

 No.60896

>>60880
okay but where can I actually buy and sell coins once I have keys? sites like hotbit and coinbase just control the entire transaction for you and don't let you manage the blockchain forms yourself.
>>

 No.60897

>>60889
There's nothing to "disavow", since we didn't come from there, and that wasn't the point anyway. 4chan isn't some monolithic far-right cabal and it was even farther from that when WSB was created.
Sorry to tell you this, but at least half the people you interact with here were 4chan posters at some point. Scary, huh?
>>

 No.60961

File: 1611879520789.gif (173.98 KB, 300x300, wew lad.gif)

>>60897
>since we didn't come from there
OFC we came from there…
WE WUZ /LIT/ N SHIT, kang
>>

 No.60970

>>60877
Let me complete the thread for you since you seem to have the attention of a mouse

>Someone points out that WSB posters are reactionaries and that their discord was full of /pol/ memes

>Someone else says that the discord made up a minority of users and the /pol/lack memery was just 4chan bleed through
>(me) points out that their description pays tribute to 4chan at the top of the fucking page
>(you) think you're a very special and edgy memer who understands the internet better than every other psycho on anonymous imageboards
>>

 No.60974

>>60970
OK, then 4 chan did something good for once.
>>

 No.60975

>>60970
4chan is not just /pol/ you retard.
>think you're a very special and edgy memer who understands the internet better than every other psycho on anonymous imageboards
I clearly understand it better than you, you fucking baby. You apparently get your whole knowledge of it from geriatrics on CNN.
>>

 No.60978

>>60975
/biz/ is a /pol/ colony
>>

 No.60983

>>60978
You're a Trot, correct?
>>

 No.60984

>>60978
That's not the fucking point. For fuck's sake nigger, the subreddit decription is "if 4chan had a bloomberg terminal", anyone who isn't paranoid realizes it's just the stupid reddit mods' way of saying "it's like finance but wacky!", it's not a declaration of "allegiance" (they're fucking websites) or a dogwhistle. I'm not gonna extend this, it's pointless, but holy hell.
>>

 No.60987

>>60975
The "culture" of the site is driven by its largest board. I remember /b/tards coming to /g/ asking us for advice on how to take down gaia or ebaums. I was a longtime /fit/izen before faggots shit up the board with asking for routines to survive the boogaloo. Sorry pal but you dont have any relevant or interesting insight into how any of this shit works or if you do you sure havent demonstrated as much
>>

 No.61035

AOC IS LIVE talking about Gamestop
https://tv.leftypol.org/r/HappeningsviaKlash
>>

 No.61041

>>60694
Unironically shoot yourself, right this instant.
>>

 No.61057

>>61041
who are you quoting?
>>

 No.61084

https://pbs.twimg.com/media/Es1NjYfW8AEBL9j?format=jpg&name=4096x4096

If what this anon says its true there could be a decent financial shock in the making. If this is true WSB autists will have made way more praxis than any leftist movement (aside from Nepal) since Vietnam war ended
>>

 No.61091

File: 1611888880410-0.jpeg (1.15 MB, 2777x2700, Es1NjYfW8AEBL9j.jpeg)

File: 1611888880410-1.jpeg (150.32 KB, 1328x524, Esx2TZAXUAADjXs.jpeg)

>>61084
Image from link plus bonus img
>>

 No.61155

>lost 2 dorrars
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
>>

 No.61178

File: 1611900405864.jpg (234.84 KB, 500x502, 1345241824364.jpg)

>>61091
Who would win in a fight? The entire US banking system or a ragtag group of HODLing degenerates?

>contractually obligated to buy stock back

>nobody wants to sell because it's more beneficial to hold
Talk about a contradiction.
>>

 No.61187

And this is why you don't sell stuff that you never owned.
>>

 No.61188

File: 1611901382581.png (35.61 KB, 851x592, Screenshot_2021-01-29 DOGE….png)

Dogecoin spiked today. It was a meme currency that started on reddit. I hope that redditors now have more funds to throw against wall street. It's probably people who profited from gamestop buying it up.
>>

 No.61222

File: 1611907745404.png (54.64 KB, 1370x740, dohj.png)

>>61188
I was kinda hoping to buy in at $0.007, but I'm guessing $0.04 is the new floor.
>>

 No.61273

>>61222
Is trying to fit lines to extrapolate from stocks common practice?
>>

 No.61281

>>61273
I doubt the analysts on wall street are doing linear regressions kek
>>

 No.61284

File: 1611915408043.png (874.26 KB, 1500x1000, triangle.png)

>>61273
From what I've seen, that's usually the case.

I'm starting to doubt whether Dogecoin is actually a triangle or just a "head and shoulders" pattern.
>>

 No.61287

Okay okay what if, we built a trading bot based on Cockshottian Cybernetics and created a leftypol slush fund?
>>

 No.61291

>>61287
Cocksott shit is all about planning production, how are you gonna base a trading algo on that?
>>

 No.61324

>>61291
maybe you could base it on his econophysics theory, econophysics is actually pretty popular in quantitative finance
>>

 No.61380

>>60678
6 millions of them on pol?
>>

 No.61382

>>61287
It would be UNFATHOMABLY based
>>

 No.61417

>>61281
Well I'd imagine analysts use some kind of stochastic process, but I mean like layman
>>

 No.61444

>>61287
I would fucking donate to this absolutely. don't let this just be a dream anon
>>

 No.61448

Friends, do I buy doge?? You make the call
>>61091
Holy shit, I didn't know it was such an entangled situation
>>

 No.61521

>>61448
just buy GME. even if it fails it will at least piss off Wall Street. if Doge crashes you’ll have done it for nothing.
>>

 No.61564

>>61521
It only pisses off those who shorted on wall street, you gotta remember that wall street traders aren't stupid some are making money right now and went long on GME
>>

 No.61568

File: 1611939487387.png (6.82 KB, 313x417, Screenshot_2021-01-29 (0 0….png)

>>

 No.61573

File: 1611939682012.png (479.09 KB, 772x804, pinkjak.png)

>>61568
CURSE THESE PAPER HANDS! FIRST I MISSED OUT ON GME, THEN I POSITIVELY FUCKED MYSELF ON DOGE AGGHHHHHH
>>

 No.61579

>>61448
>>61568
>>61573
>buying a Pump & Dump
never FOMO in dumb dumb, Dogecoin is just a meme.
>>

 No.61588

>>61579
Sure, fomo buying is never really a good idea, but fomo buying then panic selling for a loss and missing out on serious gains is infinitely worse..
>>

 No.61601

Should I start serious long-term investments or what? Can't leave money in the bank or I'll just get fucked by inflation, but not sure if the economy will 2008 again and I get fucked over. Thoughts?
>>

 No.61603

>>61601
Maybe invest in some tech stuff or weed. weed is growing, i think.
>>

 No.61608

>>61601
I will help you sleep better at night. Observe that stonks indexes themselves are denominated in dollar.

Attempt to calculate adjusted return of indexes based on dollar depreciation over decade. You don't have to be quant to do this. just do it back of envelope style on spreadsheet.

Do you still feel like you are missing out?
>>

 No.61612

>>61608

I know nothing about stocks or how to calculate that. Help a brainlet out.
>>

 No.61618

>>61601
We aren't financial advice, do your own research.
>>

 No.61624

File: 1611942339768.png (106.77 KB, 480x480, 0f41c9cf78708e0a9462dd7c74….png)

>>61573
KEK, idiot!
>>

 No.61626

File: 1611942442548.jpg (196.91 KB, 500x350, gold_gang_ep5.jpg)

>>61601
Join the gold gang!
>>

 No.61634

>>61612
There's an excellent and easy to read book called The Index Card that I recommend to all financelets. The long and short of it is that nobody in the world can time the market (investment bankers have been predicting a correction for like 14 months straight now) so you're best off by just putting 5% or so of you paycheck into index funds and if there's a crash don't stop, double down until the value of the index fund is above where you bought at first. If you're really scared of a crash, stick to the S&P 500 large cap index fund because it's not like JP Morgan or Citi Group are going to go bankrupt. There's more money to be made in small and medium cap markets but also substantially more risk. Also opt to reinvest dividends payments for better growth.

Or gamble and buy individual securities, because you're not going to get rich from index funds in a few weeks
>>

 No.61652

>>61608
What are you getting at? Isn't it still much better than whatever interest rate your bank is giving you.
>>

 No.61655

>>61634
Thanks, I'll look into that book bro
>>

 No.61656

>>61634
For youse philosophy nerds out there, this means you want to operate in kairos instead of kronos if you want to work this edge
>>

 No.61706

File: 1611945570097.png (173.17 KB, 563x421, 9ca1066b70afff012fe474f053….png)

>>61656
I've been putting about $15k in my 401k for about 8 years. That's like $120k invested but my total balance is $210k. See picrel
>>

 No.61739

File: 1611946996203-0.png (94.7 KB, 613x682, CI_adj.png)

File: 1611946996203-1.png (58.09 KB, 674x481, SDPR_eur.png)

File: 1611946996203-2.png (51.38 KB, 685x559, SDPR_eur2.png)

File: 1611946996203-3.pdf (1.01 MB, 232x300, Dollar_Index_Adjusted_Stoc….pdf)

>>61652
yes you are 'beating' savings account given you actually believe that RoR is priced into stock prices BUT that is not the full story. Hurdle you need to overcome for stocks to 'beat' inflation is much higher than it seems on surface level and envious rally they take is illusion more often than not.

Actually, you know what? I'll do it with 2020 data tonight as I didn't actually calculate it myself last year. take gander at attachments for now if you disagree with me. I got curious myself.
>>

 No.61913

>>61739
But even if you use that papers method, the dollar-index has also increased since 2010 meaning you see higher rate of return than if you just standardised the results by inflation
>>

 No.61917

>>61603
Not just weed but drug research in general, MDMA is closer to being federally medically legal than cannabis atm, likely because MDMA is mostly handled by Israeli mob
>>

 No.61991

>>61913
My delivery has been weak but the point I was trying to get across was that one should not let bourgeoisie spectacle to operate on one's fear. You are not missing out an opportunity to financial freedom by not latching on to Dow's 20% gain during 2019 or whopping 60% recovery of 2020. Not only is that number inflated (precise degree of which is debatable) but one may as well get frustrated about not actively forex trading or carry trading like hedge fund at that point.

and I just realized the irony of verbalizing this on leftist website. My god, what if hoochie was right all along? what if I am actually lost cause?
>>

 No.61998

>>61991
I don't disagree or anything I was just interested
>>

 No.62040

So, Dow closed at -620.
>>

 No.62046

File: 1611965193761.jpg (726.26 KB, 2100x1553, 1353182726740.jpg)

>>62040
I'm sure we're all prepared to LOOK AT IT GO.
>>

 No.62050

So do you think they're gonna make up charges like "financial terrorism" for this?
>>

 No.62052

>>61564
don’t care. the MSM is upset across the whole spectrum and that’s what matters
>>

 No.62053

>>62050
probably just convince the biden admin to make new financial regulations which let the SEC crack down on redditors and other loose coalitions of people
>>

 No.62056

>>62053
You think they would just do that? Make something a crime after the fact?
>>

 No.62081

>>

 No.62083

>>62056
Isn't that all of financial crime
>>

 No.62090

File: 1611967186411.png (120.04 KB, 500x379, 1610906246218.png)

>>62056
i thought that was the plan wtf
>>

 No.62126

>>62083
No, lol. They don't want to obey the rules currently in place, no matter how many they strike down.
>>

 No.63336

S&P 500 down by over $3000
>>

 No.64965

Thoughts on silver?
>>

 No.64971

>>

 No.68715

File: 1612474101672-0.jpeg (83.8 KB, 701x526, b81.jpeg)

File: 1612474101672-1.png (24.53 KB, 828x426, 01.png)

I'm thinking of pulling out, could use the money. Thoughts?
>>

 No.68718

>>68715
My theory is that the redditors who got rich off GME are now investing in bitcoin
looks like a bullish pattern, don't see why it won't go up any more
>>

 No.68735

>>68718
🧠Thought that as well. Shit. Is it really worth it? i'm at $1100 now. What could i miss out on at this point, an extra hundred before the crash? I need to pay back some people but shit.
I'm holdin another week and lets see what happens.
>>

 No.71748

File: 1612726842479.png (48.67 KB, 838x596, dailygraph.png)

broke 40k again, buy the dip.
>>

 No.72718

File: 1612803452082.png (44.13 KB, 842x596, woosh.png)

Tesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments
>Tesla also expects to begin accepting bitcoin as a form of payment for its products "in the near future."
>The electric vehicle maker said Monday in an annual report filed with the U.S. Securities and Exchange Commission that it has put an aggregate $1.5 billion into bitcoin under a new investment policy and that the company may “acquire and hold digital assets from time to time or long term.”
Damn, good call to hold. Not much to celebrate personally, all this money is going to debtors anyway 😂🔫
>>

 No.72723

>>72718
What are the chances that this is a poomp and doomp? According to this announcement it could mean Tesla bought BTC in January, so the retail frenzy is only happening now.
In any case Musk basically has a money printer on twitter now.
>>

 No.73046

File: 1612819431208.jpg (47.08 KB, 1002x795, bart[1].jpg)

>>72723
If it was, then the trend would look like a Bart.
>>

 No.73111

>>72718
da fuq i forgot i bought btc and i guess i made $200
>>

 No.73118

>>68735
why not take a few hundred out just to be safe though?
>>

 No.73972

Micheal Roberts found that Ecuador internal rate of return (proxy for the overall rate of profit) hovers around 4%.

With the elections probably going to be won by the neoliberal candidate, and with external debts piling and no possiibility for monetary policy (Ecuador dollarized) i wanna say to you: prepare yourself. Something's gonna happen.
>>

 No.73973

File: 1612884066534.png (87.38 KB, 1024x669, Ecuador IRR.png)

>>73972
Here the graph posted by Roberts
>>

 No.74132

File: 1612890061493.jpg (243.52 KB, 1249x1010, 1612477850239.jpg)

>>72723
I believe Musk is sincere because he believes his own braindead ideology.
Everyone seems to acknowledge that the USD Empire is on its last legs. Eventually there's going to be massive hyperinflation and in that scenario you want to hold onto a commodity that isn't dependent on said fictitious finance. If you're a retard and believe bitcoin is "electronic gold" then it makes sense as a safe investment.
But the differences between actual gold or other physical commodity and bitcoin should be obvious. You can easily barter with gold, easily malleable, all the usual things. Bitcoin is dependent on banks and the exact financial institutions and infrastructure that would be wiped out in a dollar crash. No one is going to take bitcoin in exchange for groceries in a crisis. Even if they wanted to, its doesn't hold a candle to the abilities of a physical commodity.
>>

 No.83804

File: 1613577305945.mp4 (4.37 MB, 426x240, witnessed.mp4)

Minor update:

>Robinhood, Reddit CEOs to Testify Before Congress on GameStop (GME)

https://www.investopedia.com/robinhood-reddit-ceos-to-testify-in-congress-on-gamestop-gme-5112714

SEC released second half of January stock trading Failure-to-Delivers, showing Gamestop at one point failing to deliver more than 2 million shares.
>>

 No.83816

I'm blackpilled on the economy, what do I do with my savings?

I have a lot of money stuck in my bank account just depreciating in value. Don't want to do the typical stocks/boomer shit as the stock market is probably going to go kaputt, and the decline of USA hegemony will ensure that stocks will never be this high again (so I reckon). Do I diversify with precious metals and crypto? Not sure wtf to do as there are no guides online (maybe there are?) on how to financially prepare for a depression.
>>

 No.83817

>>83816
Look up inverse ETFs
>>

 No.83819

>>83816
buy a mining rig. my cousin built one with about 5 GPUs and it makes like 30$ a day if you subtract energy bill expenses.
>>

 No.83831

>>74132
Bitcoin is just one huge out of the money call option that consumes the energy equivalent of Belgium. It's a massively overhyped Merkel tree that is going to make a lot of people lots of money but probably make even more people lose their savings.
>>

 No.83843

>>83816
There's no timing the market tbh, stocks are probably fine especially so called "blue chip" dividend stocks if you're especially conservative.
If you actually believe inflation is happening then stocks and REITs are even better. Gold is mostly speculative. There's always mining crypto as well but I stopped caring about crypto after I lost my address years ago.
>>

 No.83847

>>83816
Tbh I just buy a little bitcoin bimonthly for long-term savings in case the economy crashes again. But I'm not too serious about it.
>>

 No.83854

>>83819
>Buy $5,000 of graphics cards
>They make $30 profit every day
>They give out half a year in due to exhaustive use and you break even
>>

 No.83855

>>83854
Depends on where you think BTC price is going to go long term. If you think it's going to moon then maybe you can expand nominal fiat value beyond this. Then again it could also crash before you cash out, so then you're either in the red or hoping it moons again so you can break even.
That being said most people are just straight up better off just buying it rather than mining it because of the mining difficulty nowadays.
>>

 No.87199

File: 1613776620378.jpg (193.82 KB, 1110x649, 1613667845487.jpg)

>55k
>>

 No.87213

>>87199
That image makes me want to gouge my eyes out
>>

 No.87215

>>87199
>WHEN YOUR WIFE'S BOYFRIEND BUYS DOGECOINERINO
>>

 No.87216

File: 1613777018050.jpg (142.66 KB, 600x800, soy.jpg)

>>87213
The memes weren't lying.
>>

 No.87238

>>87199
>wacky thumbnail
y tho?
>>

 No.87247

>>87238
It 'grabs attention'. It's basic marketing.
At some point it must have an adverse effect though.
>>

 No.89704

File: 1613969873359.png (58.17 KB, 580x390, 31231.png)

crypto is crashing and /biz/ is losing their shit
>>

 No.89736

File: 1613973544140.png (1.44 MB, 1280x853, ClipboardImage.png)

https://www.wsws.org/en/articles/2021/02/22/game-f22.html
Some new light shed on GameStop frenzy
"Apart from revealing some aspects of the role of Robinhood in the GameStop bubble, a US congressional hearing on Thursday exposed some details about its modus operandi, which is assuming greater significance in the market as a whole."
>>

 No.89737

File: 1613973766177.jpg (9.15 KB, 246x138, literally for children.jpg)

>>87238
It appeals to children and unironically the sorts of who post on 4chan and reddit.
>>

 No.90504

well that was a roller coaster Monday. Thankfully I could sell dozen put contracts with retarded IV just in time to recoup paper losses for my ponzi coupon account. Crashed happened twice and I rode both ones :^) now let ETH reach the moon so I can retire my account size is still just $2000 but amount of fun generated is worth it right?

dubs decide if I should leave my weeklies open overnight or not
>>

 No.90507

>>90504
niceee.
dubs and you don't leave them open overnight.
>>

 No.90563

Thoughts on Monero? Meme shit?
>>

 No.90695

oh no I guess ride might not be over. Or it's 2018 all over again. it's going to be long night tonight
>>

 No.90696

>>90563
good for shady shit. otherwise, like any other crypto.
>>

 No.90751

>>87247
The effect gets reversed once the majority of the thumbnail you interact with are wacky,so they become the new normal,and the old style catch your eyes more. (that's why advertising flip flop between wacky and serious)
It's probably not going to happen,or at least not until a LOT of time.
>>

 No.90813

What material will replace the petrodollar?
>>

 No.90827

>>90813
Gold, usually. EU is dead, and China will learn the hard way how British hegemony got carved out.
>>

 No.90842

>>90827
And realistically, how much time can we expect for this to play out?
>>

 No.90843

>>90813
The rare earth ones that would be used to make solar panels, either that or coal.
>>

 No.90847

>>90843
>Coal
Christ, are we really gonna go back to 1800s smokestack coal burning just to finalize our climate death?
>>

 No.90851

>>90847
Well I see a lot of right-wing retards posting about how epic coal is after Texas got yote.
>>

 No.90857

>>90842
However long it takes for US and NATO countries to launch the nukes (as it is they who are pursuing a "decapitating strike" policy), the rest of the world to respond, and for the warheads to come down, Status-6 torpedoes are just gilding the lily at that point. So… thirty minutes?
>>

 No.90860

File: 1614060921619.png (61.43 KB, 300x191, ClipboardImage.png)

>>90843
>The rare earth ones that would be used to make solar panels, either that or coal.
Watch out, Mexico. Better build that wall..
picrel, biggest lithium deposits in world.
>>

 No.90861

File: 1614060956518.png (1.44 MB, 1024x768, ClipboardImage.png)

>>90847
>Christ, are we really gonna go back to 1800s smokestack coal burning just to finalize our climate death?
>back to
>>

 No.91086

Line go down?
>>

 No.91106

>>90861
>Knowing literally NOTHING about nuclear
cringe
>>

 No.91107

https://www.thestreet.com/investing/new-york-ag-shuts-down-bitfinex-and-tether-trading-in-state

it turned out ponzi coupon has been ponzi coupon all along.

not sure if casino will redeem my gambling chips back to fiat bros ㅠㅠ
>>

 No.91110

Crypto is crashing, Stock market is going down kek
>>

 No.91111

>>90861
>water vapor is the same as coal smoke
>>

 No.91123

>>91107
Tether settling is very bullish.
>>

 No.91155

>>90857
disagree. there will be no nuclear warfare, just a slow bunch of proxy wars for africa and eastern europe
>>

 No.91156

>>90563
it's based, but you might have trouble finding it now as it's delisted from a lot of places and that makes me nervous personally. Would invest maybe $50 or less if you have it, can't hurt
>>

 No.91158

>>89704
>/biz/ is losing their shit
when have they not, they're literally a pack of monkeys
>>

 No.91177

File: 1614098706192.png (29.92 KB, 348x278, 1.png)

>>

 No.91180

File: 1614098840460.png (43.57 KB, 652x247, 1.png)

>>

 No.91183

Reposting this because I posted in the wrong thread: Am I retarded for starting a ROTH IRA and 401k right now? The collapse of the USA economy seems inevitable, but are the boomers right that time in the market > timing the market? Goddamnit I just want to save up money to escape wage-slave drudgery

>>91177
Musk is such a massive manchild.
>>

 No.91184

>>91177
this settles it
tomatoes > eggplants
>>

 No.91185

>>91180
buy the dip or steer clear?
>>

 No.91186

File: 1614099046857.png (46.82 KB, 863x621, 1.png)

bitcoin seems to be getting fucked
>>

 No.91190

>>91185
Buy the dip, crash ain't yet
>>

 No.91196

anyone wanna bet on what comes out of today's fed meeting? I don't think they are stupid enough to pull out money printer yet but my spider sense is telling me some BTC whales are hedging on information not available to us
>>

 No.91212

File: 1614100390016.mp3 (2.96 MB, yt1s.com - Frank Sinatra T….mp3)

I was up 3k yesterday, now I'm down 1k. Kinda wish I had sold yesterday, now I'm where I was a week ago. Trimmed my positions and 10k in stocks, 20k in cash

Come the fuck on Biden and bail us o u t.
>>

 No.91215

>>

 No.91228

>>91196
If they stop the printer a recession will ensue,and combined with no stimulus and mass evictions it could worse.
>>

 No.91235

>>91183
You're a retard for the 401k but roth ira is based, just trade in your roth and be conservative only buy blue chip and index funds or ETFs
>>

 No.91236

>>91235
401k is through my employer. Gotta get that match.
>>

 No.91551

File: 1614111440771.gif (494.89 KB, 840x600, 1613315075.gif)

>post yfw it's your first bear market where you have your own money on line


plz just make me even and I will be good wagie for rest of my lifu
>>

 No.91563

>>91236
A match is basically free money so keep doing it, in the worst case scenario you gain nothing.
>>

 No.91578

File: 1614111860020.png (624.19 KB, 1197x891, 1.png)

>>

 No.91595

File: 1614112082368.jpg (219.6 KB, 448x455, 238f76fa5816603e96072b4d4b….jpg)

>>91551
Imagine investing. It's alright, fiat won't be worth much in the future that you will definitely see, unless you planned to kick the bucket in the next year.
>>

 No.91604

reminder:
>Although the details remain sparse, the Department of Justice (DOJ) announced that it had seized $1 billion worth of Bitcoin and Bitcoin forks (BCH, BSV, BTG) from individual “X”. The hacker is affiliated with the Silk Road, the infamous online marketplace that was what gave Bitcoin the kickstart it needed to get where it is today. He purportedly stole the coins, or at least acquired them, from the now-jailed Silk Road founder Ross Ulbricht.
>t. https://cryptoslate.com/the-u-s-government-owns-1b-in-bitcoin-and-some-dont-think-they-should-sell-it
>>

 No.91648

>>91578
$70K is too much for a prole. Maybe $50K and then he should have donated the rest to a good charity.
>>

 No.91650

>>91648
hahaha
>>

 No.91710

>>91578
Damn, bretty good guy
>>

 No.91878

>>91595
it's called day trading dad! words have meanings ya know?

fuck it. my fiat value of ETH might be hurt but my weeklies will double the fucking ponzi coupons I own by end of this month.

you will be jelly when I comfily retire to study das kapital without wagecucking
>>

 No.91898

>>91878
If you wanted to, you could learn technical analysis and become a millionaire, then periodically donate tons of money to some org or movement. You'd be doing more for socialism than 99.9% of other leftists.
>>

 No.91904

>>91878
you can study Capital right now while wage cucking, stop making excuses
>>

 No.91906

>>91595
what's the alternative tank anon
>>

 No.91912

>>91906
Watch the world burn.
>>

 No.91913

>>91186
Bitcoin is mainly good for long-term investment I think. I don't put too much money into it.
>>

 No.92107

Reddit posts are driving Tesla shares more than fundamentals, Barclays study finds
<There may be a connection between Tesla’s stock performance and the amount of online attention the electric car maker receives on social media platforms such as Reddit, a Barclays study found.
<“On the autos team, we have painfully learned that social media memes can matter more for TSLA share performance than actual financial metrics, fundamentals or (dare we say) valuation,”
https://www.cnbc.com/2021/02/23/reddit-posts-are-driving-tesla-shares-more-than-fundamentals-barclays-study-finds.html
Musk is literally Reddit : The porky.
>>

 No.92110

>>92107
To be fair, when have financial metrics, fundamentals, or valuation ever mattered in this ponzi scheme of an economy. Still, long term $TSLA puts might be the way to go, but what do I know.
>>

 No.92148

last chance to buy the dip
>>

 No.92235

File: 1614153912030.jpg (202.57 KB, 1280x1242, 36mocxqne7v11.jpg)

>>92148
>He thinks this is the dip
Everything is STILL overpriced as fuck. Nasdaq is back to what? Mid January levels?
>>

 No.92660

File: 1614183111701.jpg (154.95 KB, 850x973, szv04lhkebo01.jpg)

>>92235
I guess I was wrong, I'm up 5% today. 2.5 if you count the money I have saved
>>

 No.92687

https://www.ilfattoquotidiano.it/2021/02/24/le-piattaforme-hanno-tre-mesi-per-assumere-60mila-rider-stop-al-cottimo-avranno-tutte-le-tutele-dei-lavoratori-subordinati/6112287/

Italian Carabinieri (kind o a military police) are ordering to food delivery platforms to hire 60k people and treat them as employees and not whatever bullshit they come up with.

This comes after UK supreme Court told Uber that its drivers are workers and not self employed:
https://www.bbc.com/news/business-56123668

Is the tide shifting against the gig economy or will it be just a European phenomenon?
>>

 No.92692

>>91578
Literally Engels.
>>

 No.92723

>>92687
>Is the tide shifting against the gig economy or will it be just a European phenomenon?
No, burgers just enshrined the gig economy in a California vote, can't remember the name and specifics. It was Uber related.
>>

 No.92726

>>92687
>>92723
what is "gig economy"? is that like freelance work or some shit?
>>

 No.92828

>>92726
yeah, basically working through an app. Think ride sharing, food delivery, etc. Basically, you aren't a real employee with actual benefits and labour protections; it's late stage capitalist exploitation.
>>

 No.92860

>>92726
it's dogwhistle for part time job. it's honestly good thing for agitation purpose. Soon all the debt loaded STEM / med fags will have to compete directly with third world niggers and graphics card. days of comfy white collar jobs and management positions are numbered.

>>92107
meh, everything is ponzi schemes. There exists gradient of shadiness and accountability but all the securities and derivatives are nothing but fictional entities and de-gamified casino games
>>

 No.92903

>>92860
The basic fact is that even the simplest MBS creates an incentive for banks to go from originate-to-hold (the classic giving loan with extensive underwriting and requirements) to originate-to-distribute (i give the loan to a Special Purpose Vehicle which will pay me with money gathered from the market and i thereby avoid all risk).

There is no coming back from this. All finance will turn out to Ponzi finance the more time it passes, and the only reason we have not seen a crisis as Minsky predicted is because the Fed has practically created an infinite supply of money at a fixed rate (which is 0).
>>

 No.93025

>>92903
not saying you are wrong but I don't like such description as it fails to emphasize what market truly is. When I said every securities/derivatives are ponzi, what I'm implying is this : suppose bitcoin 'price' is 50k atm or TSLA around 720, what does this mean? It does not imply anything about their intrinsic property like future prospect, use value, dividends et cetra. It's not even 'derived' by supply&demand as it's just post-hoc explanation. Price on barter market only have instantaneous meaning: one idiot sold it at 50k and one sucker bought it at 50k. Line goes up when majority (>51%) fears it would go up, and it comes down when majority (again >51%) fears that it would come down.

Nothing in real world changed significantly enough from Sunday to Monday to warrant severe correction well I guess fed meeting was bit of an risk factor despite their continued gesture that they will not stop quantitative easing yet we are never short of rationalization on why market is crashing.

This is why I changed my mind about criticizing cryptocurrency. It's stupid, inefficient, does not solve any actual problem but I can say the exact same thing to any stocks or instrument that bets on stocks. If people want to gambul, let them gambul. it's not like there's much left to do anyway
>>

 No.93185

>>93025
iirc TSLA was undervalued for a long time and eventually Musk and retail (ie WSB) managed to give the hedgies a beating on it, so it became a safe undervalued stock with consistent good gains until recently. It's one of the sources of Musk's pally relationship with reddit.
Also the guy behind the Big Short in 2008, Michael Burry, has been shitting on the market recently. Him and Buffett were liquidating stock recently.
>>

 No.93261

Ethereum to the moon?
>>

 No.93323

GME up 100% AH

Thoughts on this? This is absolutely ridiculous; how can anybody have faith in this meme market anymore.
>>

 No.93354

>>93261
Monero is good too, current black marketers crypto of choice which gives it some fundamental value.
>>

 No.93357

File: 1614214266007-0.png (63.13 KB, 828x120, ClipboardImage.png)

File: 1614214266007-1.jpg (38.66 KB, 500x500, screaming.jpg)

>>

 No.93366

>>93357
don't tell me that's your loss; is that from Reddit?
>>

 No.93370

>>93366
Went to check WSB for info to see if anything caused it and found something better than anything else I could post.
>>

 No.93417

>>93370
I just don't get why someone would put that much fucking money tied to a meme stock, he deserves to get washed.
>>

 No.93446

>>93417
Thought he was gigabrained going against the grain. Should have sold when their CFO was sacked earlier.
>>

 No.93527

>>91235
I personally prefer my 401k to my IRA because the fee structures on both target date and index funds are superior. During the last financial crisis the company extracted a concession from the union on pensions for new hires in exchange for a top tier 401k plan and a $4500 contribution (not match) for any worker that doesn't qualify for the pension. The plan has a traditional 401k option, a a Roth 401k option, and a plain "after tax" option that you can either use as an essentially free brokerage or like a bourgeois tool to backdoor money into your IRA well above normal contribution limits. Back in 2016 I had a gangbusters year and hit the 401k limit, saved another 12k in the after tax and backdoored all of it into my IRA.
>>

 No.93534

File: 1614221862701.png (905.65 KB, 1052x909, 50f196852b9c9b3ed807883791….png)

>>93323
LOOKS LIKE THE SQUEEZE IS STILL ON THE MENU, BOYS
>>

 No.93535

File: 1614222055978.jpg (112.04 KB, 1080x1072, Screenshot_20210224-205846….jpg)

>>93323
I KNEW IT
I KEPT HODLING
YES YES YES
HODL TO THE END
FIRST THING I'M BUYING IS A TATTOO OF THIS CHART
YESYESUESYESUEYSHRWUANF
>>

 No.93538

>>93535
>being this much of an ape

if you don't take profits you're dumb af
>>

 No.93554

TELL ME MORE ABOUT GME PLEASE I WANT ANOTHER RIDE
>>

 No.93593

>>92860
>it's dogwhistle for part time job.
No it's not, it's worse.
>>

 No.93606

>>93538
Wouldn't better strategy have been to sell when it peaked an then buy back in when it was low again?
>>

 No.93634

File: 1614227790482.jpg (27.23 KB, 419x304, 1345434444565.jpg)

>>93554
A "short position" is when you borrow someone's share, sell it, and promise to buy it back and return it on certain date. If the stock price drops, you profit, and pocket the difference. Now, if a lot of people(wielding a lot of money) think a stock price will go down, they might decide to "short" a stock. A lot of it. Like, say, 140% of the total stock available.

Here's the problem, if someone catches on to what that group is doing, they might start to buy that stock, forcing the price to go up. They might also forbid the lending of their shares to be shorted. This takes shares out of the market. A short seller, is contractually obligated to buy the share back. But if they have to come up with more shares than there physically exists on the market, they have to buy it at whatever price the sellers want. And the price usually increases ten-fold, but is potentially infinite. This is called a "short squeeze".

Here's where it gets interesting - if a short seller cannot come up with the cash to cover the price of the shares they owe, they are forcibly liquidated, and the rest of the burden is assumed by their insurer (usually, a bank), and they might get liquidated, too. Just a chunk of the financial system gone, just like that, because some retards on Reddit decided to HODL some Gamestop stonks. I forgot, but I think this exactly how Bear Stearns went down, before 2008.
>>

 No.93646

>>93634
Thanks for the rundown anon but i already knew this. I wanted some more news on this 2nd wave of the squeeze and if it's a thing for real or a fad.
>>

 No.93653

>>93646
https://www.bloomberg.com/news/articles/2021-02-17/sec-data-show-359-million-of-gamestop-shares-failed-to-deliver

this itself does not prove any shady shits but it is shady af for sure. My hazard guess is other HFs rode squeeze and made deal with citrons et al to cover damages.
>>

 No.95064

>>93606

Well yes, time traveling and a crystal ball will make you a god tier investor, who woulda thunk it
>>

 No.103175

Bumping this thread as the market has been shitting the bed this week. Is it the start of the correction?
>>

 No.103189

>>103175
Been reading the Financial Times lately, they're talking about problems in the US Treasury market, not enough liquidity, fears of inflation.
>>

 No.103248

>>103175
Post some graphics and articles, cause my man NìMicheal Roberts has been silent on that.
>>

 No.104780

I wish I could raise interest rates to 926%.
Just crash global capitalism.
At least housing might be affordable.
>>

 No.104886

https://www.youtube.com/watch?v=4TxkE_oYrjU

Can someone explain to me how this scammer is THE RICHEST MAN ON THE PLANET?
>>

 No.104935

File: 1614910249890.png (49.25 KB, 582x372, 3fdd54d2aa700528fb0fa01026….png)

>>104886
Porky's collective consciousness having an existential crisis. After demanding for so long that others justify their continued existence, they inevitably ask it of themselves, and cam up empty. They need' Musk to be another Ford. They know the people hate them. They know they're called parasites. They know that no matter how much propaganda they blast, and how taboo they make the words "socialism" and "communism", people still know'' that the rich are getting richer, that the poor are getting poorer, and that at this point they're just worthless leeches on the productive forces and human creativity, and killing them would improve the situation. But if they can just produce an "industry leader", a "visionary", maybe they can justify that, no, really, having an idle, rich class of people is actually good for everyone. So they indulge this charlatan, because he's the best they can come up with.
>>

 No.104955

Market is correcting heavily right now

This might be the start of a crash.

It might not though.
>>

 No.104962

>>104955
its won't crash before bidens stimulus gives it at least one last poomp. don't sell just yet
>>

 No.104967

>>104962
you're probably right. The question is when will the stimulus pump end and the d0mp will begin.
>>

 No.104991

>>104962
Don't expect too much of that stimulus. It will happen after the eviction moratoriums end, and the IRS is beyond its ability to function. It's already the middle of tax filing season, and identity theft is so rampant that the only people another stimulus will help will be the thieves. The second stimulus was barely functional. A third will break the under-funded Department of Treasury beyond repair.
>>

 No.104993

>>104935
Isn't Musk really popular though? It seems like it's kind of working out for them.
>>

 No.105000

>>104993
mostly among shitty tech nerds. He's definitely not as popular as he was a few years ago.
>>

 No.105001

>>104993
Popularity is a double-edged sword. Try shitting the bed, while being popular. This is ignoring the current "cancel culture".
>>

 No.105009

>>104991
I could see why means testing is so important for them. If only the most poorest get that check they're hoping the poor don't use it for investment while the lower middle class and middle class probably will, they see the coming storm. I haven't got enough of the absolute clownery. It's hopeful to say that another crash will definitely come, that's even worse, but a man can dream.
>>

 No.105448

Dump cancelled. Enjoy capitalism buckos.
>>

 No.105562

>>105448
>opens in red
>>

 No.105592

Market is in a huge correction right now holy shit. I don't think this is the end times, but this might be a portent of things to come.
>>

 No.105639

>>105592
*coof*
>>

 No.105646

File: 1614965711405.gif (1.88 MB, 300x225, 1599100800847.gif)

>>105592
Show me the data you're looking at.
>>

 No.105680

>>105562
>>105592
LMAO, should've baught the dip idiots! All indices are green, baby! Hahahahahaha!
>>

 No.105688

Are we again under 30000?
>>

 No.105704

>>105592
You retards need to stop trying to predict the market. Y'all don't understand it anymore than the big money investors.
>>

 No.106558

So both Tesla and Spacex’s stonk both shat the bed already. Yay?
>>

 No.106584

>>106558
I'm not yaying until reddit man is completely bankrupt.
>>

 No.106593

File: 1615042059021.png (179.1 KB, 1859x846, Screenshot (149).png)

>>106558
If Tsla goes under the red line half of reddit will commit seppuku.
>>

 No.106710

>>104935
What video game? Hollow Knight was not "bad"
>>

 No.106711

>>106593
It will'nt
>>

 No.107073

>>106593
What's so special about the red line?
>>

 No.107161

>>107073
red line bad
>>

 No.107176

>>107073
Most investors reason in terms of patterns and psychological thresholds (that's even more true for a high speculation low fundamentals driven investment like the one around Tesla) so the breaking downwards of that threshold i outlined would definitely consolidate the downward tendency, at least until the base of that shape at 400 dollars.
>>

 No.107178

>>107176
That said of course if big institutional investors choose otherwise this will all be disproven
>>

 No.107185

>>105680
k,tupid nigguh
>>

 No.107369

>>

 No.107413

>>107369
They seem too small to me to create a crash, and while there is significant financial stratification overall, the Fed guarantees (which amount to a practical socialization of the stock market) make crisis hard to develop, at least until the Us is the reserve currency.
>>

 No.108846

Found this Reddit post, pretty interesting reading IMO

link here if you want to read the whole thing: https://www.reddit.com/r/thecorporation/comments/jakr3u/the_four_horsemen_signs_of_incoming_crashes_and/

<The Four Horsemen:


>Rapid plunge in BTC/USD


This is an interesting metric, and makes sense if you understand that BTC has evolved from a hedge to a speculation play, which is why it arguably moves in lockstep with SPY most days. However, an interesting property I and many others have noticed is BTC seems to be a leading indicator of market movements, and rapid climbs/plunges tend to signal an incoming correction. See the chart on September 2nd, 2020 for an example.

>NOPE_MAD >= 3 End of Day:


NOPE, or Net Option Pricing Effect, in principle looks at how dominant options flow trading volume is on the market compared to the more conventional shares volume. When the NOPE_MAD (median absolute deviation) compared to the previous 30 days is 3 deviations higher than normal, this means a red day the next day about 88% of the time (backtested to Mar 2019). You can check NOPE_MAD intraday here - https://thenope.info/nope/default/charts/SPY/2020-10-13 (the URL changes per day, so tomorrow will be 2020-10-14)

>The VIX rising with SPY

This usually is part of the parabolic phase, and means a metric fuck ton of calls are being written, which is pushing up option prices across the board. Usually VIX is a measure of downies-volatility, so when it and SPY both go up, it's a Very Bad Thing. Also see September 2nd, 2020.

>Small Tech/Caps Leading Big Tech/Caps - This is a more interesting metric, and only makes sense when you understand what causes a Minsky Moment style correction (irrational exuberance). In a stable market, big caps tend to act as a source of strength/safe harbor, and when small caps are leading, this tends to signal intense bull mania, which usually precedes a correction.


>Honorable Mention: Microsoft going up parabolically

Microsoft is our favorite boomer stock for a reason - it is much more stable than AMZN or AAPL, and doesn't like large movements. I noticed anecdotally this year that right before all the big tech corrections (3-5 days out) MSFT goes up exponentially, often more than the rest of the market, because smart money is looking for safe harbor.

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