delaaxe

25 ms·

241.
by delaaxe 6y ago
Gold is also almost never used as a currency. BTC's product market fit is store of value, not medium of exchange
242.
by delaaxe 6y ago
Fiat currencies will still be replaced by stablecoins like USDC or USDT
243.
by delaaxe 6y ago
Yes it does mean that, by definition
244.
by delaaxe 6y ago
That's a great analogy
245.
by delaaxe 6y ago
In reality, every trade on every broker is settled 2 days later because that's how this archaic netting system works. People need to see instant updates so that's what every app shows them
246.
by delaaxe 6y ago
You can always place limit sell orders
247.
by delaaxe 6y ago
This is being framed as retailers vs. institutional but in reality there's both on each side.
248.
by delaaxe 6y ago
Isn't it the opposite of what parent is saying, that market makers are allowed to do naked short selling for "liquidity purposes" but hedge funds I'm not so sure
249.
by delaaxe 6y ago
Market makers just profit off of the bid ask spread, without “motivations” or “market knowledge”
250.
by delaaxe 6y ago
Ok thanks I think I got your point but you probably worded it wrong. Some can’t buy a stock and then “short sell” it, right? He just sold it
251.
by delaaxe 6y ago
You're missing the point completely. Short squeezes have nothing to do with pump and dumps
252.
by delaaxe 6y ago
Naked short selling is illegal
253.
by delaaxe 6y ago
Except when it's already too shorted and there's nothing left to short
254.
by delaaxe 6y ago
Really? The stock did +135% on a single day and you complain about after hours noise
255.
by delaaxe 6y ago
Friday has nothing to do with the shorts (not the short squeeze). Friday is about the gamma squeeze because options expire on Fridays
256.
by delaaxe 6y ago
The mods said that there were bots spamming actual hate speech and they couldn't remove it fast enough.
257.
by delaaxe 6y ago
No, the short float is still hight. Old short have covered but new ones have replaced them
258.
by delaaxe 6y ago
Anything over 30% is considered heavily shorted and prone to short squeezes. Ortex says it's at 95%
259.
by delaaxe 6y ago
Except shorts pay borrow fees but longs can hold indefinitely for free. Borrow fees on $GME often go as high as 80%
260.
by delaaxe 6y ago
Whenever a human places a trade, the counterparty is almost always an algorithm or some kind of automated market maker
261.
by delaaxe 6y ago
Max bid/ask spread and only on options > $100
262.
by delaaxe 6y ago
There's a long term bull price target at $169: https://www.gmedd.com/wp-content/uploads/2021/01/GMEdd-GameS...
263.
by delaaxe 6y ago
Oh yeah? Risk limits so tight that one of largest hedge funds needed a 2.75 billion bailout to cover their losses on a single short position? https://www.wsj.com/articles/citadel-point72-to-invest-2-75-...
264.
by delaaxe 6y ago
Not a single person who believed in the efficient market hypothesis ever made a lot of money.
265.
by delaaxe 6y ago
Fiat money is just as much a pyramid scheme, so the real argument becomes about monetary policy
266.
by delaaxe 6y ago
But then why not use the DEXes directy?
267.
by delaaxe 6y ago
But then they would have to go after all the other decentralized exchanges like Uniswap etc. no?
268.
by delaaxe 6y ago
Not too far off from Japanese toilets
269.
by delaaxe 6y ago
Clickbaity title
270.
by delaaxe 6y ago
I'd like to read more on that too

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