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the return of our messiah Roaring Kitty
(www.bloomberg.com)
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this post was submitted on 13 May 2024
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finally... MOASS... this time for real... if January 2021 buyers sell now, they'll only be down about 70%, instead of the 85-90% it normally hovers around. i think the only hodlers that could come out positive are ones that bought in late 2022 or later, and even then, you're not up by much.
i think this, more than watching the Folding Ideas video (a must-watch for anyone out of the loop), is really kind of selling the sadness of watching people suckered into hype pour even more money down the drain. an account belonging to a guy we once liked made a tweet; this is it, liquidate your retirement and gamble it away. ugh
Yes everyone bought at 400 per split ;)
i mean. definitionally, some did, yeah? if you bought in at 25, 50, 75, 100, 200, or 400 -- these are all the same number in the end, the only difference being how much you're down by between then and now.
eta: that's not even to mention the fact that since this demand is all synthetic, all the money coming in is from people who are going to be left holding the bag, again. we're just watching it repeat.
yuuup. I get the excitement of fucking over shorters, but after seeing an otherwise rational friend lose thousands I've come to the conclusion that the hodl crowd is just another set of suckers being fleeced. And GS as a company has no future, it's garbage that's been microwaved.