I’m not sure what to expect with it at this point. It could very well hit a dollar by the weekend, but I suspect that once it does, it will tank real fast. I’m up 467% from my initial investment. So I’m just waiting to see what happens.
Spoiler Dogecoin dropped 33% during Elon Musk's episode of SNL. Funnier than anything in the episode itself.
It's to early for SNL here, but apparently Elon torpedoed Doge coin. Dogecoin is crashing while Elon Musk is on Saturday Night Live
i only watch the weekend update segments on YouTube the day after now. can’t stand snl otherwise, but Michael Che and Colin jost are funny as hell. I feel like with that, they were joking, but also giving him shit. Mainly giving him shit. I love it. Also didn’t know Elon had Aspergers until I saw his cringe monologue.
yeah it’s not surprising at all. My wife and I are sure I’m somewhere on the spectrum as well. It’s definitely an asset in a lot of ways — at least I see it as that — though I can see how you’d gravitate toward computers if you don’t “understand” humans.
Seems like all crypto took a shit last night. But doge is back up to 60 cents. I’m not sure what will happen.
Some people were probably afraid that the Big Sell was on so they started to unload. If you REALLY want a conspiracy theory... There are new rules that were just voted into place that are protecting the market makers from the hedge funds if/when they go tits up. https://www.reddit.com/r/Superstonk/comments/n7qem3/rules_still_have_to_go_through_the_approval/ It started with Credit Suisse and others taking a huge loss as Archegos went under due to his short positions. https://www.reuters.com/article/us-credit-suisse-warning-idUSKBN2BL0GT GME is HUGELY shorted with a ton of naked shorts. (Sure, some people say "who knows", but they are explicitly calling it out in their earnings reports, and some very respectable economists are calling it a "no brainer" that they are hugely shorted, and hugely naked shorted.) But how do you find out for sure? I mean, the hedgies all have their "dark pools" and "trade flow controls" via RobinHood and the like to help manipulate the stock price WAY down on stupidly low volume... so again, how do you know? Well, you force an event that brings about a vote accounting. And that is what GME has done. GME has sold into the meme-stock economy to pay off their debts early ($500m or so) which has allowed them to now carry on with some business actions that were prohibited until their debts were paid off. (As part of the debt, they were not allowed to do dividends, acquisitions/mergers, and a bunch of other stuff). Now that they are debt free, they are calling an annual meeting and requesting everyone to register their proxy to vote, which will result (it seems, and you have to think they are counting on) in way more votes coming in than there are shares. This will cause a halt/wtf-is-going-on reconciliation for their votes, and determine who actually has shares and who does not. It is the ultimate nuclear margin call, as they can't extend, they can't fuck around. That day is coming, and a lot of people know it is... including the market makers. Who have been taking steps to insulate themselves from peeps like Citadel and Melvin Capitol. Because THAT is when the real short squeeze happens. So yeah, shit is going to be hitting the fan in the coming weeks for GME, and the hedge funds are going to have to cover in some manner, and they own a shit-ton of crypto, so I bet they are trying to get more cash on hand as quickly as possible to try and weather the storm. They've been trying to cause panic selling with these huge ladder runs and it hasn't been working, and it's been wasting a ton of their cash to do without any gains. Long story short, I have a fair bit of cash invested in GME right now and expect the stock to go up a LOT in the coming weeks as this unfolds.
Yeah, I don't see what the big deal is. I bought enough Dogecoin, cheap enough, that if it hits a $1, it will eclipse any short term investment I've ever made by many orders of magnitude. If it crashes back to nothing, I can still shrug it off without as much as a second thought.
My friend texted me today and said he's been playing with penny stocks, specifically Regen BioPharma( RGBP ). Said he's been researching it for a few weeks and sounds like they're on to some possible patents for cancer treatment. Not sure if you guys have noticed it or not, but I figure at less than a penny a share it could be a fun gamble.
lol Nope, not buying more, but all those Dogecoin gains have to go somewhere. The funny part is that the price is going down so much for such little volume... it's another coordinated attack. I really think they are trying to freak people out into panic selling. I'm in it long term right now... and am optimistic.
Anyone eying early retirement that doesn't require a sudden spike in crypto markets? I don't think I'm hardcore enough for the FIRE crowds on Reddit. Seems to be either, "I make $300k/year and am going to retire at 30 with a net worth of $5 million," or, "I live on beans and rice that I cook on the exhaust manifold of my Corolla, make my own shoes, and plan on retiring at 30 so I can keep doing that forever." I've always hoped to check out of the rat race a bit early, and have recently started running some numbers to see what's possible.