So you can see very clearly today we had a strong enough support line at 27.69 everytime the stock dropped to that level they had enough $$ to buy more shares to raise ?he price again. They were refuseing to let it get below 27.69 they would do this because they may have a very big options call play where they make SQUILLIONS IF the price stays above 27 by xx/xx/2025
But you can clearly see the opposite thing is also occuring someone else with a ridiculous amount of $$$ probably has a put bet on where they will make absolutely SQUILLIONS if the price stays below $28.02
So its very simple its a battle of the robots one guy has placed a very large option on the price haveing xx strike price by xx date and another guy has bought options contract st?teing the price will be above xx price by xx date
So whoever has the biggest pool of $$ and shares wins. If you own enough of the float you can control the price and if you can control the price then you can make very very large amounts of money as i showed above its very unlikely but you could make $400,000 in a day with $100 total spent on an options contract
Meanwhile society wants me to jackhammer concrete for my entire life for $42.50 a hour and remain living in my car because it costs $1,000,000 to buy a 300k$ unit now by time my taxes etc and bodycorp and rates are done over that 30yr loan
I used to think after you had 100 million dollers you just retired from life but on the stock market 100million can be depleted on a days tradeing against the wrong guy.
What GME has kind of exposed is during covid if you can get millions of little losers like me with nothing give em all a covid stimulus and they all banned up together then they can actually deplete and win against one of these big guys (for a short period of time) before they just use theyre banks etc to just drive that price all the way down.
But yeah you kinda gotto own all the shares first before you can effect the price by either buying more or selling more but the price only matters if you have a far larger profit to be made with far less of a $$$ outlayes on a call or put
Anyways goodnight yall hope this explains why i believe bitcoin is FAR FAR FAAAAAR LESS OF A SCAM then actual MONEY
When your being told to diversify this is why. you never know when a billionair is going to place a bet that your stock that your invested in needs to be xx price so they can make xxxxxx money and if they own most the shares then they can do that.
I would be looking at who is calling bitcoin a scam and why they dont want you to believe in it at all. Answer is probably the banks the governments the EVERYONE who has a hoard of wealth. By buying or believeing in bitcoin your literally devalueing THEYRE system that theyve learnt to control.
If you think your rich cause you own half a dozen propertys and you have 10 million sitting in the bank and a few million in etfs and some bonds and some gold etc etc let me ask you this.
When was the last time you made 400k$usd in a day with your 100$ investment ? Cause thats what theyve been getting away with doing
Were all peasants here your not in the class you think your in.
How is a bitcoin or bitcoin EFTs any different exactly ?
If you buy Bitcoin you hold it in your wallet and trade it on a crypto exchange. With bitcoin ETF you have a contract with a company who - you hope holds bitcoin - promises to give you the current value of it when you buy and sell it. A bitcoin ETF tracks bitcoin's value but trades on a stock exchange instead of a crypto exchange.
Speculating, gambling, investing in currencies, horses, card games, stock market, property etc has been going on for hundred of years.
Feel free to call it gambling, if it makes you feel better, while rimming your boss for that guarantee of a gold watch after 20 years of service.
So to summerise, your argument against bitcoin is totally irrelevant and meaningless.
myscreenname 1
Carantoc 0
^^^^ Is that a better return than tulip bulbs made?
I'm not sure, but tulip boom and bust only lasted for about four years.
Bitcoin has been going for 15 years and has had numerous boom bust cycles.
I guess eventually bitcoin will go out of favour, but think it's still early days for the currency. Not going to zero in my lifetime.
So to summerise, your argument against bitcoin is totally irrelevant and meaningless.
myscreenname 1
Carantoc 0
Yeah... ? Well..... your mama so fat even Dora can't explore her.
Speaking of GOLD (worthless) watches
Once you get the mind set that your boss isnt paying you! its your work thats paying him!
you really start to realise your worth.
But wtf do i know i shower with an empty beer can i fill up in the disabled toilet stalls sink at the park.
You should try it sometime carantoc it may unwash your mind
After all the great unwashing is apon us and the elites are hastily legaliseing euthanasia 7% of all the people who died in quebec last year was under medically assisted suicide
Maybe this whole being demonitised for not saying "unalived" online instead is part of it hmmm?
Maaaybe the poor and homeless like myself COST society too much we should assist them in putting themselves out of theyre misery. That way theres more services for the rest of society its only the NICE thing to do afterall
If i was to tell my doctor in canada i didnt want to continue going on i more then qualify for a 24 hour MAID treatment.
Thats pretty damn insane
The fact that being homeless is basically half the points you need for the dr to kill you is nuts the fact that the other half the points you need is a bit of mental illness and maybe some sort of physical injury like a bad back is crazier. Nearly everyone over 60 would qualify and why not?!? Theyre hardly working for someone else anyways so lets better society and help them on theyre merry way.
Anyways my gme calls for 21st feb with a strike of 25$ are still green but im a wee bit nervous might sell em early... but ya never know price could go to 50$ and i could buy a new van hmmm...
I dont even like binance haveing my btc theres buckleys chance im going to trust some stockbroker assure me hes gotten it for me
But if number go up then number go up
Just want to buy back in already even tho i got lucky with that 106 ath sale
So to summerise, your argument against bitcoin is totally irrelevant and meaningless.
myscreenname 1
Carantoc 0
Yeah... ? Well..... your mama so fat even Dora can't explore her.
Hahahahaa
Hes got ya there the second dimension is no match for the jiggleverse
Yeah... ? Well..... your mama so fat even Dora can't explore her.
Carantoc 1
Myscreenname 0
Yo im buying back in at next weeks bolling?r band
You're referring to Bollinger Bands, a popular technical analysis tool used in trading.
What are Bollinger Bands?
Bollinger Bands are a volatility indicator developed by John Bollinger in the 1980s. They consist of:
1. *Moving Average (MA)*: A 20-period simple moving average (SMA) is typically used as the basis for the bands.
2. *Upper and Lower Bands*: Two standard deviations (SD) are plotted above and below the MA, creating the upper and lower bands.
How do Bollinger Bands work?
Bollinger Bands expand and contract in response to changes in volatility:
1. *Expansion*: When volatility increases, the bands widen.
2. *Contraction*: When volatility decreases, the bands narrow.
Trading with Bollinger Bands
Traders use Bollinger Bands in various ways:
1. *Trend identification*: When the price moves outside the bands, it can indicate a trend reversal.
2. *Volatility analysis*: Expanding bands indicate increasing volatility, while contracting bands indicate decreasing volatility.
3. *Mean reversion*: Prices often revert to the mean (MA) after deviating from it.
Key benefits
1. *Visual representation*: Bollinger Bands provide a clear visual representation of volatility.
2. *Flexibility*: Can be used in various markets and time frames.
3. *Combination with other indicators*: Can be used in conjunction with other technical indicators to form a trading strategy.
Keep in mind that Bollinger Bands are just one tool among many, and it's essential to combine them with other forms of analysis and risk management techniques for successful trading.
Did they pardon him so that people would instinctively dump theyre bitcoin (old wallets from the $1 btc days comeing back) so that they could buy in cheap ?!?
Are you going to try your hand at selling high and buying low ? or just maintain holding thru the wild ride?
Hes out **** about to get real
I don't know, but he may have been pardoned because the U.S. government seized all his bitcoin and have been talking about creating a national bitcoin reserve using it. I also don't know all the ins and outs of what he was charged with, but his sentence was quite extreme.
Theres still plenty of tor indexes out there
Hmmmm i just cant quite figure out if the bitcoins coming into the market means number go up or number go down.... ai says number will go waaaay down... which sounds like a bear trap to me.... cause if US deptartment of whatever DOES do the reserve thingy then that seriously solidifies any sort of FUD over bitcoin being volatile.... it would essentially legitimise it beyond any other way available. I cant think of any other way to reinforce it as a currency so the holy grail of paying your government bills would quickly follow and then paying for your energy etc next then fuel and retail etc
We already know we live in absolute clown world anything at all seems possible
God damnit i think im going to have to buy in at a bloody alltime high
Have you looked at hedgeing your positions with anything BRICS ?elated?!? I dont even know where to begin with that or is it just more btc?!?
Seems like every countrys indebted past theyre eyes and printing to keep up with usa s printing but at end of the day all this printing from everyone just balances it all out and usd remains the default currency
Looks like bitcoins finally dipping a bit might be worth jumping in before it goes back above the 100s again
Looks like bitcoins finally dipping a bit might be worth jumping in before it goes back above the 100s again
If you think the trade sanctions are temporary and a negotiated settlement will be reached in the next few weeks, price will likely rebound quickly when tariffs are lifted.