ETH, BTC, and DOGE all ready to make a huge pump. thank god RH allows incremental investment in cryptos, that means all will pump at the same time even if one outperforms the others. DOGE highest chance to spike due to memery but im sure all will pump.

Very little sell activity though. Price still at 342.

I don't doubt they're going into doge for the memes, but it's probably not from significant GME sells.



Bought $200 doge at .495 for the memes

This post was edited by Thor123422 on Jan 29 2021 11:27am

One of the reasons DOGE is pumping much better than the other cryptos is it's because relatively low value. Much easier to pump something 500% that's worth 8 billion (DOGE market cap) versus pumping something 50% that's worth 65 billion (BTC). That's why the autists are going after Doggo, because Reddit apes can absolutely make a 10 bagger of Doggo, BTC? Not so much.

true, although i'd add Musk's tweet today wiped out like 140m$ on big firm shorts on BTC. poof, gone. and that will hurt. if the reddit crowd likes that news they might pump BTC even if it doesnt bring as many tendies.

SPY inversing GameStop.

so you can only buy 2? shares of GME on RH?

imagine them doing this shit at the Rialto in Venice back in the 1400s. Or at the NYSE in the 1980s. people would go outside and beat the crap out of each other for such nonsense.




lol my buddy said this like literally 10 mins ago "SPY and GME trade in an inverse relationship"

This post was edited by excellence on Jan 29 2021 11:38am

https://apple.news/Am6GodriXRx-cFuhZbRr-9Q

(Reuters) - The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning both brokerages and the pack of social media traders that it was closely monitoring potential wrongdoing.

oh look the FEDS are monitoring trading looking for “wrongdoing”. aka if you are an investor and your last name isnt “capital management” or “asset management” and you buy certain stocks then youre guilty of “wrongdoing”

My personal opinion on the stocks-- I don't think this will end well for the little guy. People are expecting a squeeze of epic proportions on Monday but we might see the feds step in because they're beholden to Wall Street. GME, AMC, and the rest were good for flipping and getting some massive gains in a few days but you really don't want to hold the bag when the fed crashes the party and I'm getting to a near certainty that this will happen. While they'll probably put some things in place to prevent extreme short positions they'll probably lay the lumber on the Reddit/discord rooms.

edit: people should use this opportunity to get into quality large caps that are trading at a really good discount thanks to the volatility

This post was edited by ofthevoid on Jan 29 2021 12:11pm

indeed shit loads will get stuck holding the bag. then its take the L or wait for years to see if GME can somehow monetize this for a rebound. but even if they do they're what? a 40-50$ stock?

agreed but one worry of mine is the entire market is fubar right now. it had to run out of steam eventually but where the fuck are the stimulus checks and business relief packages???