Bitcoin Daily Discussion, January 29, 2021 |
- Daily Discussion, January 29, 2021
- Elon's in
- After GME I finally understand Bitcoin
- Robinhood just blocked several stocks from being bought. They locked the buy button when it suited them. Don't buy Bitcoin on Robinhood. Ever.
- upvote every post on r/bitcoin to spread the word. we will reach all and the retail frenzy will fomo into bitcoin
- Pomp crushed it with CNBC today.
- My WSB stocks got fucked, so I bought more BTC
- "The people are forbidden from triggering any more losses for big money on Wall Street. Let it be known, the average Joe can be liquidated overnight, but the big guys on Wall Street are a protected class. Escape tyranny: buy Bitcoin" -Sean Ono Lennon
- I give it about a week before everyone in GameStop moves to Bitcoin
- The message of Elon Musk was just embedded into the Bitcoin blockchain for all of eternity
- Michael Saylor says he is organizing an event on the first week of February 2021 of which he will release his playbook on how big companies can put Bitcoin on their balance sheet. DO NOT SELL YOUR BITCOIN TO WALLSTREET. I REPEAT, DO NOT SELL YOUR BITCOIN TO WALLSTREET. #HODLTHELINE
- Welcome, Elon.
- What is stopping us from doing what WSB did?
- Why are you always losing money in crypto??
- Robinhood Manipulates GameStop Stock Trading? It's Bitcoin Time!
- If you’re hodling BTC in Robinhood now might be a good time to move it.
- decentralized finance is the only way
- Don't buy BTC on Robinhood
- Unpopular Opinion: An instant 20% spike based on a tweet is NOT A GOOD THING
- Today was a good day for btc
- We need to prove that money in the hands of the 99% is more beneficial to society than money in the hands of a few wealthy individuals
- Binance suspends withdrawals after new unique users SURGE: 'Binance will be suspending withdrawals temporarily in order to address a large increase in requests from new unique users. Rest assured funds are #SAFU and we apologize for any inconvenience caused.'
- Y'all better not let Google off the hook for this one. They need to pay for their collusion.
- Winklebros on CNBC fighting with hosts about gemini and how corrupt the current stock market system is
- Could be about to prove my dad wrong for once.
| Daily Discussion, January 29, 2021 Posted: 28 Jan 2021 11:01 PM PST Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. [link] [comments]  | ||
| Posted: 29 Jan 2021 12:32 AM PST | ||
| After GME I finally understand Bitcoin Posted: 28 Jan 2021 11:25 PM PST The /r/wallstreetbets GME retail investors vs the 0.1% situation has lead me to a place of clarity. The game is rigged, and the owners of the system will react with haste and break any laws they must to protect their cartel. For those not following the event - Retail investors, realised the shares of GME and some other companies were heavily shorted and in short supply, so they started buying in the hope of forcing a short squeeze (whereby the holder of the shorts will then have to buy more stock to cover their shorts, sending the price through the roof, an example is Volkswagen [VW] in the 2000's). This is perfectly legal. - the plan worked, GME went from $2 to $470 in a short space of time. - Melvin Capital, a Hedge fund took a massive (likely $6 billion) short position in GME and faced closure if the bet went against them, they were losing money at a fast rate and got a bail out last week by other wall street Hedge funds. - Melvin Capital then went on CNBC and other networks to reveal they had closed their short positions, it's highly unlikely as the options volume did not back up their claim, they were simply spreading disinformation, again this is perfectly legal - the retail investors at /r/wallstreetbets simply would not give up, they kept buying, the end goal could have seen the stock reach $5K based on the VW scenario. - the 0.1% moved to then protect the 0.1% from losing money by using the stock brokerages they own or control(Robinhood, TD, IB and all the other big players) to firstly prevent the retail investors buying more stock, you could simply not buy these stocks, you could only sell, some companies even forcibly closed down open options positons even in the absense of margin calls, so your account is in good standing with enough liquidity and they decide which stock you can have and which you can not, in this time big institutions are allowed to buy as much of this stock as they desire, just the retail traders are locked out of the casino. This is highly illegal and known as market manipulation, it also flies in the face of the idea that we have a free market. - people like AOC, Elon Musk, Chamath have all come out on the site of the retail traders at /r/wallstreetbets - Interactive Brokers chairman and founder Thomas Peterffy goes on CNBC's "Closing Bell" an is literally weeping, explaining he feels hurt that his large, moneyed 0.1% friends are losing money due to the retail investors, oh the horror, how can these small investors make my friends lose money? Don't they know the implications of their actions? The horror. The guys at /r/wallstreetbets simply did not understand that in our world only old money gets to make real money, the little guy must be shut down and should never have a slice of the action, all he gets is inflation and a 9 to 5 job, plus side hustle if he/she's lucky. If the little guy ever finds a way to gain an advantage the loophole is quickly closed. - the SEC Chair then threatens to investigate the redditors on /r/wallstreetbets by tracking down their IP numbers with the help of reddit - The /r/wallstreetbets discord server is banned. All the years I talked trash about bitcoin, I apologise, now I genuinely understand the value of having a system not controlled by the government, where they can not on a whim decide to inflate the money supply and bail out their friends, while you carry the load in the form of additional taxes and inflation. [link] [comments]  | ||
| Posted: 28 Jan 2021 08:11 AM PST Anyone following the WSB drama this morning will see that several brokers have blocked only the 'Buy' button to prevent GME, AMC etc being purchased. People can still sell. Don't let this happen to your bitcoin. Don't buy bitcoin on Robinhood. [link] [comments]  | ||
| Posted: 28 Jan 2021 07:05 PM PST to the moon bois. its works for dogecoin it will work for bitcoin [link] [comments]  | ||
| Pomp crushed it with CNBC today. Posted: 28 Jan 2021 10:30 PM PST
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| My WSB stocks got fucked, so I bought more BTC Posted: 28 Jan 2021 06:02 PM PST All, I bought GME, AMC, BB, and NOK with the rest of the WSB family to fuck the system and the system fucked us. It's obvious for all to see. Frozen trading where the only option is to SELL? FUCK YOU. I hope that the class action lawsuit is so nasty that multiple hedge funds declare bankruptcy and personal assets are seized — because, to be clear, the effort by shorting GME 140% of the shares was to put 50,000 people out of work in the middle of a pandemic by shutting the business. It feels personal. It should fucking hurt, really hurt, the perpetrators. "Retail investor" is such a demeaning phrase — as opposed to "Inside trader?" Suck a fat 🍆. Look, I'm writing this in Bitcoin chat not because BTC is incredibly equal amongst its owners (it clearly isn't), but it Absolutely is an alternative. I went into this year bullish for equities and I still am; however, when free markets force liquid losses from the common man — when asset bubbles have made the already wealthy obscenely filthy rich — and then they bitch about the rules of their own game? I'm fucking out. I'll keep my stocks and inflate them with my already inflated dollars and then happily increase my Dollar Cost Average rate of investment into BTC. Because equities aren't equal, though they should be. Free markets aren't free, though they should be. At least crypto, while it might not be free or equal — is fucking MINE. Finally, ownership over an asset that we apparently can have control over. Damn, I'm angry. Fucking livid. And that's why I'm digging into BTC harder than I ever have. The system needs a good fucking. Shall we? [link] [comments]  | ||
| Posted: 28 Jan 2021 12:49 PM PST
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| I give it about a week before everyone in GameStop moves to Bitcoin Posted: 28 Jan 2021 02:36 PM PST Everyone that was seriously trying to make a quick buck off GameStop and have now realized the problem with it are going to realize robinhood can do this whenever they like. This is the perfect ad for Bitcoin as a solution, as soon as this whole debacle is over I expect a big stampede to Bitcoin. Buckle up [link] [comments]  | ||
| The message of Elon Musk was just embedded into the Bitcoin blockchain for all of eternity Posted: 29 Jan 2021 03:19 AM PST
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| Posted: 28 Jan 2021 07:30 PM PST
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| Posted: 29 Jan 2021 04:29 AM PST
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| What is stopping us from doing what WSB did? Posted: 28 Jan 2021 01:00 PM PST There's a movement to buy bitcoin on the 30th of January at 3PM Eastern. We need to show big companies and banks that if they want in they need to buy at OUR price. [link] [comments]  | ||
| Why are you always losing money in crypto?? Posted: 29 Jan 2021 01:04 AM PST Just felt like sharing some thoughts after seeing the market behaviour in btc the past week. Feel free to disagree. Most of the times new people buying in crypto gets screwed due to these factors: 1) FND - Fear & Uncertainty - Dumps due to fear and entering a trade with an amount that they are unable to manage 2) FOMO - Fear Of Missing Out - Pumps due to fear of missing out in a rush, and usually with an amount that they are unable to manage due to greed. 3) Trend Traders - Traders who trade using their own TA (technical analysis), other people's TA, social media hype, memes, news. All the TA signals gets amplified or overemphasised and you get screwed by trying to time the market. 4) Whale Manipulators - Tries to instigate the market with larger than normal pump and dump volumes. You react by doing what they want, usually panic selling. 5) You don't understand what you are buying. You can never trust something that you don't understand, 99% of the time, hence -> panic selling -> losing money. Safest way to invest or buy in to crypto that you should do: 1) Buy fundamentally sound, long-standing coins with long price history (BTC,ETH,ADA,etc): Buy at the dips, slowly DCA (Dollar cost average in), HOLD what you bought when it DUMPS and DCA more, sell a portion and NOT ALL when it PUMPS / goes hyperbolic for cash to buy in next DUMP/dip. WHATEVER YOU DO, DON'T PANIC SELL. 2) For new coins that gets pumped out of now where: buy in only with what you can lose, and sell/cash out at intervals. DON'T TRY TO GUESS THE TIPPING POINT. 3) Don't destroy your daily life by looking at the charts every single minute and react emotionally, or invest with what you cant afford to lose. You can never win by reacting emotionally. 4) Research and learn about the fundamentals and technology. Knowing what you are buying in gives you the confidence to hold your ground. Non exhaustive but Hope it helps. If only everyone in the community understands where crypto is going, buying in coins like btc, eth, Ada or even other alt coins should be a stress free decision that you are taking for your future. Not financial advice, please do your own due diligence 👍 [link] [comments]  | ||
| Robinhood Manipulates GameStop Stock Trading? It's Bitcoin Time! Posted: 28 Jan 2021 11:09 AM PST
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| If you’re hodling BTC in Robinhood now might be a good time to move it. Posted: 28 Jan 2021 06:06 PM PST
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| decentralized finance is the only way Posted: 28 Jan 2021 07:10 PM PST As a GME shareholder, i felt financially abused or even r*ped today. I really felt powerless, as my hard earned money went down the drain, because of a currupt system, while the media (especially CNBC) is pointing at us as the bad guys. Our democracy is fine as long as the people at the top get the biggest share of the cake. There are more and more cases, where we can truly see the problems we are dealing with (Snowden, bank bailouts, robinhood selling stop losses and buyorder information to hedge funds so they can outplay the retail investor,..) Till today, I owned Bitcoin mainly because of price speculation. (A little bit because I'm kind of a nerd and want to be part of this digital innovation.) I thought that the censorship aspect of Bitcoin is needed for people in China or Africa. Jokes on me. It's not. It's needed for all of us. Today i realized that there is nothing as true as Bitcoin. NOTHING IS EVEN CLOSE AS WORTH AS BITCOIN. I will convert 75% of my income directly into Bitcoin from now on - no matter what price it will be. I do not trust my bank or any big institution anymore. A promise is worth nothing today. See you in a better future - for our kids and grandchildren - in a decentralized world. Thanks. [link] [comments]  | ||
| Posted: 28 Jan 2021 05:48 PM PST Not only because of what happened with GME and others but YOU DO NOT OWN YOUR BITCOIN IN ROBINHOOD, no e-wallet or anything.......use cashapp [link] [comments]  | ||
| Unpopular Opinion: An instant 20% spike based on a tweet is NOT A GOOD THING Posted: 29 Jan 2021 02:05 AM PST This kind of volatility does nothing but turn Bitcoin into even more of a casino than it was before. A positive 'white swan' such as a Musk tweet can also work to the inverse. There will be black swans, and you'll at some stage see pullbacks to the same effect. It works to the detriment of mass adoption. To a large extent, its a bunch of novices ploughing money in and out based on emotion and ideology, surrounded by Youtube shysters and scammers around every corner. Emotion & Ideology + Investing is a dangerous mix. It's heading to a place where a major crash will wipe Bitcoin out in the hearts and minds of the masses. The people who need to be won over, will be much much much less liekly to be won over. I know this will get downvoted but I really do not care. The truth hurts sometimes. Disclaimer: I hold Bitcoin, am a proponent of Blockchain. But despite the 'gainz' (trademark) I hate what it's become. [link] [comments]  | ||
| Posted: 29 Jan 2021 01:49 AM PST millions getting red pilled today by the blatant cronyism and corruption by RH and Citadel. They've all been primed to be orange pilled, if they weren't already Also Ray Dalio and Elon Musk both finally took the orange pill today https://www.theblockcrypto.com/linked/93074/elon-musk-twitter-bio-bitcoin-btc https://nymag.com/intelligencer/2021/01/robinhood-ban-gamestop-share-price-explained.html (not your exchange, not your stock) [link] [comments]  | ||
| Posted: 29 Jan 2021 04:14 AM PST Tl:dr What if the entire community could agree to donate 1% of our gains to 1 or 2 specific homelessness or poverty focused charities? I know this is a long shot, but for as long a I remember the case has been that should the top 100 wealthiest individuals choose to donate 1% of their wealth to a particular issue, it could be eradicated in a fairly small amount of time. As far as I am aware, such a concerted effort has never been on the cards for these individuals, because, let's be honest, they would mostly rather conserve/increase their own net worth. I love this current redistribution of wealth we are seeing purely through the communal power of millions of people, specifically in reference to GME, Doge etc. Now, I feel we need to set an example, and add an extra layer to this trickling down of wealth. We should prove to society that money in our hands is better utilised than money in the hands of the 1%. My pessimistic mind says to me that the likelihood of this is low, but please comment, share etc if you agree. Let's start the conversation. [link] [comments]  | ||
| Posted: 29 Jan 2021 02:45 AM PST
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| Y'all better not let Google off the hook for this one. They need to pay for their collusion. Posted: 28 Jan 2021 07:21 PM PST
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| Posted: 28 Jan 2021 02:04 PM PST
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| Could be about to prove my dad wrong for once. Posted: 29 Jan 2021 03:27 AM PST I have been telling my dad to buy bitcoin for 18 months and he thinks Im an idiot essentially. He really respects Elon Musk as the greatest entrepreneur. Im waiting for him to come to me now asking "how do I buy bitcoin ?" [link] [comments]  |
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