/biz/ - Business & Finance

>>9996700
i was more referencing shitcoins as asia is the major player w them.

but i dont doubt people lurk or post here for shitposting ideas. how the fuck else do you think CARV (the shittiest publicly traded bank. entirely owned by those of the melanated variety, ad comfys fav memestock to recommend to retards) happened to moon? that was a message to all of us that we are being watched imo

not to mention from time to time, people who are actually serious traders will come by to shitpost w us. its kinda funny to think about, but /smg/ is rapidly becoming one of the best (public) places on teh interwebz to come shitpost with your money. it makes sense that big boys would come check out whats goin on at the kids table. even if its just for fun, and not for any sort of maliciousness

>>9996715
>>9996739
ya see, its THIS kind of shit (as well as the timing of the release of RH crypto platform. pic related) that convinces me that RH is literally out to get its customers to lose money, so that they have to buy RH gold to try and bet-in-the-hole to get out. they shouldnt allow such retards to trade options desu

though we have people like this here too. like for example, hi IQ anon (or hi IV anon as i like to call him) that /all-in/ on shit like TSLA and AMD, and making 2 year long naked calls against companies (and buying them when the underlying is CRASHING, at record high IVs) at a time when tech is back up at ATHs and looking in need of a serious pullback once again.

>>9942515
just buy some stock. its cheap. if you wanna super charge it, buy A call. im looking to hold this for maybe a month tho. it looks like its ready to rock, and closed the day out today on a bullflag

>>9942523
theyre also obviously malicious towards their customers. they straight up frontrun peoples orders (legally as its in the ToS), and i noticed the other day that they launched RH crypto right in the middle of a bulltrap for BTC and while the stock market was crashing. seems like it was done intentionally
>see pic related

>>9919095
it gets worse
another thing i noticed (being a stockfag) is the funny timing of the launch of robinhoods crypto app.
>2/22/2018
this is a time when stocks were getting absolutely ASSRAEPD. and along comes robinhood (who is well known in the stock world for frontrunning peoples orders, stops and limits to citadel (MMs that specialize in hi-freq algo trading). if you dont believe me, read the RH terms of service) offering a brand new way to buy crypto.
>AWESOME
>screw this boomer shit, everything is crashing anyways, imma buy coinz
>and look, its actually forming an uptrend!!
>see ya later stocks
>im all in on crypto
cue rugpull

you starting to see how these guys work? find retail positions. corner them. its dog eat dog and it aint pretty in the slightest, but this is how its gonna be for a while

>>9919137
i gotta hand it to you guys, i wouldve invested in ROPE and KYS a long time ago. i just pray your average cost isnt $15k

>>9919175
yeah but its not gonna go straight down. its gonna go down in a way that makes it very difficult to short. if i was you guys, id stay away from ANY bank owned exchanges, and try and stay as far out of sight as possible. also, id definitely avoid using too much lev while shorting it (this is what leads to bart formations. they see you and all your friends on the book, short with 20x. then BOOM, youre homeless)