ini tered financial beyond my understanding
Gamers lead the way to fuck up wallstreet, Gamers did what communists failed.
Gamers lead the way to fuck up wallstreet, Gamers did what communists failed.
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Jan 28 2021, 09:11 PM
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#1
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Junior Member
285 posts Joined: Mar 2010 |
ini tered financial beyond my understanding
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Jan 29 2021, 10:00 AM
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#2
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285 posts Joined: Mar 2010 |
QUOTE(focusrite @ Jan 29 2021, 09:53 AM) 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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Jan 29 2021, 01:04 PM
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#3
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285 posts Joined: Mar 2010 |
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Jan 29 2021, 01:37 PM
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#4
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285 posts Joined: Mar 2010 |
actually what does dogecoin got to do with this?
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Jan 29 2021, 01:38 PM
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#5
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285 posts Joined: Mar 2010 |
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 just like our helang vs pipit rulebitcoin and other decentralized cryptos are like the antithesis of this corrupted system steady bro liked this post
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Jan 29 2021, 01:45 PM
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#6
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QUOTE(koja6049 @ Jan 29 2021, 01:39 PM) oh. i thought got some relation for this GME and DogeQUOTE(whyamiblack @ Jan 29 2021, 01:41 PM) i thought elon musk tweet about dogecoin is few months back? |
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Jan 29 2021, 01:54 PM
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#7
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285 posts Joined: Mar 2010 |
QUOTE(whyamiblack @ Jan 29 2021, 01:46 PM) ya, this is recent, but few months back he did mentioned about it. |
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Jan 29 2021, 10:37 PM
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#8
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