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I tend to think people's losses will be smaller (as individuals) then everyone seems to think. This is reddit we're talking about, and people using RobinHood.
by mech422 6y ago
I tend to think people's losses will be smaller (as individuals) then everyone seems to think. This is reddit we're talking about, and people using RobinHood. I'm guessing losses for those that didn't get out will be limited to beer money. I think the reason they could squeeze the shorts is because of the size of their army, not the depth of their war chest...
After all, its all about the lulz...
- SpicyLemonZest 6y agoI really do hope that you're right and I'm wrong about this.
- mech422 6y agome too :-) Guess we'll find out in the next couple of days...
- bostonsre 6y agoI'm more worried about the retail investors that jumped on the bandwagon too late with their life savings. The ones that got in at the start will be fine or better than fine.
- mech422 6y agoTBH, if people did that....they probably already lost everything on bitcoin back in 2018. There's no shortage of hype for people to fall for. Bandwagoning is a great way to make a small fortune on stocks, if you start with a large fortune.