Yeah. I was on the edge of going in on it, and missed that rocket. Hoping to get on the BB one.
FOMO for sure.
I missed Bitcoin, when I had the chance to buy them for around $10 a piece.
I missed GME this time, cause last year I turned $300 into $1700 and then lost it all listening to them. I also didnāt read into it much cause I am still slightly bitter.
Edit:
Some of those guys are making out like bandits. I am super jealous. I may try to play the puts on it.
yeah but honestly itās like complaining you missed being hit by lightning⦠its random and unforseen⦠donāt let hindsight make you think you āmissed somethingā⦠you didnāt⦠itās just random dumb luck.
Also⦠this;
While the hedge funds and other professional money managers had been shorting GameStopās shares, betting that its stock was doomed to further decline, the retail investors ā online traders, mom-and-pop investors, small brokers and others ā have been pushing the other way, buying shares and stock options. That caused GameStopās market value to increase to over $24 billion from $2 billion in a matter of days.
this is not real value⦠itās market value⦠which would drop like the Hindenburg if hydrogen was as dense as lead and twice as explosive if everyone suddenly tried to pull 24b out of it. this is the most irritating way people fail to understand āworthā and āvalueā⦠specifically when people say ābillionaires saw a 400BN raise in their net worth during the pandemicā and then the average person reads that like ābillionaires earned 400BN in profit during the pandemicā which is absolutely not the same thing⦠ānet worthā is pretend value⦠cash in the bank is real value (as much as fiat and human value systems allow for quantitative value to be placed on such things)⦠but the point is they didnāt accrue 400BN worth of currency⦠some dipshits said āi am willing to buy amazon stock for more $ā ⦠not that they actually bought it⦠itās just the market price. If you look at actual earnings for these companies the revenue is has only seen a very modest increase, which is to be expected because people canāt go out to shop for much during a pandemic⦠but the point is ⦠itās all a game.
I missed out at $120
Everyone is saying the squeeze will go further by morning with GME but Iām not so sure.
After the subreddit and discord both went down briefly ( [discord is down permanently for hate speech] keeps having outages due to traffic) GME dropped $111 in minutes
I will look into NOK. If you ever wanna talk stocks, PM me. I know enough to be dumb.
For sure. Just kinda one of those things that would be real nice. I wouldnāt be greedy and keep holding.
Yeah, hence the long put option. Still a risk. But can make way more money, for way less. In a sense. Iām not the best. I understand it is all a gamble really. I just didnāt understand bitcoin when it came out.
Hey me too! Next thing I knew, it was at like 20,000
I had asked my uncle whoās an economics professor about it and he said it was too volatile. Me being young and broke (like 15 at the time) just listened to him. Checked it a year later when explaining it to someone and it was at 8k and then over a few months it was at 17k (I bought). Went down for awhile and then I sold at like 20k (I had like $40 worth). So I didnāt make much but I still wasnāt expecting it to be at what it is now.
Yeah he and I definitely have different perspectives on trading now. I day trade casually and he has index funds (not that itās a bad thing). I made a bit here and there trading pharmaceutical companies and Iām okay with that lol