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 Gamers lead the way to fuck up wallstreet, Gamers did what communists failed.

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OldSchoolJoke
post Jan 28 2021, 09:11 PM

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ini tered financial beyond my understanding
OldSchoolJoke
post Jan 29 2021, 10:00 AM

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QUOTE(focusrite @ Jan 29 2021, 09:53 AM)
i also tak faham yst

watch this vide to understand how shorting works

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QUOTE(Buffalo Soldier @ Jan 28 2021, 09:52 PM)
This is an over simplification. Mohon sifu-sifu here correct me if i'm wrong.

What Usually Happens

- A loaf of bread is priced at RM20/loaf

- You "borrow" a loaf of bread from Ali. Promising to return it back in 7 days (with some interest, of course)

- You sell it to Kassim. Kassim gets the bread, you get RM20.

- After a few days, the price drops to RM5/loaf. You buy a loaf of bread from Raju. Raju gets RM5, you get a loaf of bread, and a balance of RM15.

- You "return" a loaf of bread to Ali plus some interest.

- You end up with some profit (RM15 minus interest to Ali)
What Rarely Happens (but happening now with Gamestop)

- A loaf of bread is priced at RM20/loaf

- You "borrow" a loaf of bread from Ali. Promising to return it back in 7 days (with some interest, of course)

- You sell it to Kassim. Kassim gets the bread, you get RM20.

- After a few days, the price jumps to RM45/loaf. Now you have to make a difficut decision. All options sucks.

Option A

- You buy a loaf of bread from Raju. Raju gets RM45, you get a loaf of bread, and loss of RM25.

- You "return" a loaf of bread to Ali plus some interest.

- You end up with loss of RM25 + interest

Option B

- Hold from buying and keep paying hefty interest to Ali
The extraordinary part with Gamestop is that:
- greedy "investment" company over short Gamestop
- redditors (common people + smaller companies) bought a lot of real Gamestop stock and refusing to sell at any price
- the price gets pushed up gila-gila
- Either option A or B... those investment companies kaw2 rugi
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OldSchoolJoke
post Jan 29 2021, 01:04 PM

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QUOTE(IntimaBoy @ Jan 29 2021, 01:00 PM)
Somehow I wished we could fast-forward time just to see who won lol.
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probably the rich
but then for some people

user posted image
OldSchoolJoke
post Jan 29 2021, 01:37 PM

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actually what does dogecoin got to do with this?
OldSchoolJoke
post Jan 29 2021, 01:38 PM

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QUOTE(steady bro @ Jan 29 2021, 01:35 PM)
this scandal is a perfect example of why decentralization of the whole system is needed, u see how corrupted and manipulated the system is right now when u give the power to the establishment to set the rules of the game, and how they bend the rules to benefit themselves and their cronies

bitcoin and other decentralized cryptos are like the antithesis of this corrupted system
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just like our helang vs pipit rule
OldSchoolJoke
post Jan 29 2021, 01:45 PM

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QUOTE(koja6049 @ Jan 29 2021, 01:39 PM)
wsb is going on an all-out war in every single corner of the stock market, currency market, etc.  biggrin.gif
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oh. i thought got some relation for this GME and Doge

QUOTE(whyamiblack @ Jan 29 2021, 01:41 PM)
No idea, really. Other than that Elon tweet. Not chasing after that one.
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i thought elon musk tweet about dogecoin is few months back?
OldSchoolJoke
post Jan 29 2021, 01:54 PM

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QUOTE(whyamiblack @ Jan 29 2021, 01:46 PM)
ya, this is recent, but few months back he did mentioned about it.
OldSchoolJoke
post Jan 29 2021, 10:37 PM

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QUOTE(billyboy @ Jan 29 2021, 10:35 PM)
LETS FUCKING GO TO THE MOON WE MARCHHHHHH

💎✋💎✋💎✋💎

🚀🚀🚀🚀🚀🚀🚀🚀
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reminds me of this song



 

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