/biz/ - Business & Finance

>>30249814
there's already bullshit about crypto and men. lemme tell you something. people who pride themselves on not making money easily aren't just dumb -- they do not give a fuck about themselves.
can you call a crypto millionaire a self-made man? maybe. depends on how much intel and research and not just luck went into it. there are virtues to being a self-made man. sure.
but you know what? there are things more important in this world than impressing people, much less impressing people with how you made your money. anyone who leaves huge amounts of money on the table when they know they could've made it literally just DOES NOT CARE ABOUT themselves.
i'm not talking about people who are risk averse. i'm not talking about people who are so deeply anti-materialistic they're just operating in a different kind of philosophy altogether. i'm not talking about people who don't want to go into a pump and dump because they don't want to hurt FOMOs. i'm talking people who are mostly normal and smart enough to see the money's there and won't take it literally just because they don't want to be associated with the stigma.
money is the only guaranteed and fungible kind of power in this world. power doesn't make you happy, but if you don't have power you're pretty much just reliant on luck and charity to be happy.
what the fuck do you think happens when someone's mom or son or wife gets cancer? you use money to pay for the treatments. what do you think happens when you have some hobbyhorse cause you want to push -- trees or whales or whatever the fuck -- you need money to change things. you know what the upgraded actually important form of an activist is? a lobbyist.
nothing pisses me off more in this world than people who have so much regard for seemliness and so little regard for themselves they can't see how they're fucking themselves in the foot just to look a little better.

man these threads are really a million times better when they're comfy. so i'm gonna try and do my best summary of what we know. 1. we know that very big institutions are long on the stock. very long, to the point that they somehow own 200 percent of it. we also know that many of these have increased their positions after the original crazy spike.
2. we know that in the last two days 33 million and 22 million were shortsold respectively -- but we have no idea how much of that is swingies vs. actual doubling down.
3. we don't know what short interest is exactly because they seem to be hiding some in ETFs. ETFs like XRT are very very clearly overshorted too, and their overshorting seems to match with the date of GME suddenly reducing it short interest to 30 percent. Although I think afterward GME's explicit short interest still went up to 78 percent? correct me if i'm wrong. it seems weird that they'd hide it and reduce it to 30 percent for optics but then go back to 78 percent.
4. the volume has been fucking insane the last few days, implying institutional dbz battles on both sides. i could be wrong but it seems to me there's no fucking way retards on /biz/ and wsb are fighting these gigantic red dildos being thrown down just by going HOLD THE LINE over and over. especially not after there was so much FUD in normies after yesterday's big drop from 180 to 100, with the last big drop being right before afterhours.
5. i'm less certain about this one, but it seems like for them to have actually covered their crazy positions the price should have spiked more than it did?
6. even if ikbr isn't a great resource because it doesn't seem to make sense numberswise, the fact that you're seeing available shares to borrow fall on their would seem to support a doubling down narrative.
ok that's what i have. if anything i said seems wrong, please tell me. i'm just trying to make some money here.