News

I sorta wish i was into investing XD rn the amount of people going crazy on the subs seems like fun. They make it seem like some long drawn out internet world war. People all gathering together holding and buying up more when it dips.

First it was the Soap Box, then the Ballot Box, now it is the stock box that has united the left and right against a common foe. Honestly this might be the most beautiful thing I have seen in some time. Watching the elites get a taste of their own medicine and they reject it is really satisfying.

@jacobl89 If it's possible to organize this online, then it should be possible to have massive write-ins for elections.

https://finance.yahoo.com/news/losses-short-positions-u-firms-132634671.html By Sujata Rao LONDON (Reuters) - Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday. The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000% in the past week without a clear business reason, forcing short-sellers to buy back into the stock to cover potential losses -- defined as a short-squeeze -- while retail investors then piled in to benefit from the surge. Chasing shorted companies became a trend among retail traders, rippling across U.S. markets and Europe. Ortex data showed that as of Wednesday, there were loss-making short positions on more than 5,000 U.S. firms. Its data also showed that estimated losses from shorting GameStop at $1.03 billion year-to-date, while those shorting Bed, Bath & Beyond were looking at a $600 million loss. Ortex said the figures are based on the change in trading prices between the start of January to Wednesday's close, and the number of short positions. The company sources short interest data from submissions by agent lenders, prime brokers, and broker-dealers.

You know I bought 250 dogecoins on Wednesday for $2 now that's about $12. Man imagine if I had put in all my savings into that. People are now saying they want to take doge to $1, seems way too risky to me, I'm out.

Idk all these crypto currency things seem to risky of an investment. Unless you buy low then you are probably gonna get ripped off at some point

^Thats what I thought too. But the more I find out about cryprocurrency the more it sounds like a viable global currency. You would prob be safer investing in gold or silver but its almost the same thing. Gold and silver don't have the same intrinsic value it used to.

I believe in cryptocurrency and I always encourage people to research it. I will say that you don't want to put all your money into a single one and here is why. A while back the news media spread lies that Bitcoin was going to crash hard and that news caused it to dip. If you have all your money in one source of Cryptocurrency then if you need it and it just happens to dip you will lose value unless you are financially stable enough to hold or buy more on the dip. I strongly encourage people to research these subject, especially since Fiat money is getting printed to infinity. Take everything I say with a grain of salt. Don't consider this financial advise but more of a caution.