https://twitter.com/davidgerard/status/1524338482763776000?t=mXrk3KRmIml09EXYYr5srw&s=19
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Iām intrigued. How does Soros factor into this?
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Basically the bank of England tried to create a stable coin but got owned.
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Getting some Ben Garrison vibes from that.
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Am I missing something here? Super volatile investment is volatile?
Seems like time to buy.
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LOL
Sven doesnt think it was stolen.
Whats the catalyst to lead to this scenario?
is there any evidence that is what happened?
Iām not going to throw out a number. But thereās been enough evidence, in my opinion at least, that retail investors are playing a larger role in where prices are at the moment. Weāve seen this when hedge funds whom assumed differently got rekt when retailers were able to send meme stocks up to 30 Billion each. Weāve seen this with the valuation of certain advertised auto industries and other businesses. We see businesses currently at over 10B that historically wouldnāt be much above a penny stock. When you got Joe Dumbass looking at his phoneās watch list 7 times a day, (which never happened at any time before in history) and goes ooohh! COIN is down to 219/share ā¦ ābuying opportunity!ā - heās probably one of millions of others thinking the same thing in this market. I think thatās something that needs to be considered, lol.
While this isnāt an 08 scenario but a roided 1999, Suzzer or Riverman may remember what the sentiment was like in 2009. There was a lot of frustration and outrate hatred for the market/country w/e at that time. āWe did what we were told to do, we bought a house, we invested in the market and our country completely shafted us.ā That was the bottom. We arenāt anywhere near that kind of sentiment yet if we have a serious pullback. Maybe this dip gets bought up and prices go back to irrational numbers and its game on again, but if that happens, this wouldnāt be a market, it would be a GoFundMe.
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All of this just tells me that WSB is MEGAREKT
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Zillow seems super cheap. The most visited real estate site has to be worth more than $25/Americanā¦
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Seems more likely that they would just be losing their disposable income spent gambling so probably less misery and complaining overall than in the housing bubble.
Denial:
https://twitter.com/jimcramer/status/1524507893210492932?s=20&t=WJqvTje8_5uX_lZd1AZmfA
Anger:
https://twitter.com/jimcramer/status/1524507586334273539?s=20&t=WJqvTje8_5uX_lZd1AZmfA
Bargaining:
https://twitter.com/jimcramer/status/1524506412189110273?s=20&t=WJqvTje8_5uX_lZd1AZmfA
Depression:
https://twitter.com/jimcramer/status/1524501780507283460?s=20&t=WJqvTje8_5uX_lZd1AZmfA
Acceptance:
https://twitter.com/jimcramer/status/1514309853761703943?s=20&t=WJqvTje8_5uX_lZd1AZmfA
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For the retail investor, sure maybe. But companies have been open arms with money theyāve recieved - some have made drastic/questionable decisions with that leverage. We donāt yet know how much of a domino affect it has. We are seeing some of that with coinbase and others now.
Ok seriously, what is crypto.com? They have spent at least $500 million on marketing, probably a multiple of that, and I have no idea what it is or what they do.
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That domain name must have cost a fortune.
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