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Look, I don’t do social media. No accounts. Keeping the mind pure. It’s a deliberate and sometimes (rarely) difficult choice. I have the least reddit hours of anyone you know. I read others twitter but not in volume. I let Sonatine curate the web for me. This is only a minor exaggeration. I logged into PFA every day to be delighted and amused. Exquisite taste.
the whole /WSB thing hit me in the 8th inning. Reassessing my life.
just because of time, mostly, I have never actually heard David Portnoy speak before today. I know Portnoy’s story and mad mad respect. I just gotta wonder what world I live in where he is the financial populist voice. Cause he is. Chamath... yeah.
this populist deal is a really interesting phenomenon in all aspects of life. Reminds me of the tea party (Druff lulz)
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Originally posted by onestep View PostFeeling like Bitcoin is finna blow up any day now because of this. 45k by March
watch shit like gold and silver to have their turn too.
retail is gonna chase volatility and risk. This was 1999. Sign of a blow off. Many remark this is familiar yet different.
mind you the institutions are charging their kids to get on reddit and anticipate the next move, They too will be all over options for instance. I used to trade as if the big houses were the dumb money. It served me well. Shit is changing. I’m not sure who I’m against any more. Doesn’t feel the same. This has been true for a while.
there will be plenty of warning before we tank. You’ll get three chances.
the platforms aren’t gonna take you to court when you blow up on margin. They shut down to protect their risk. That’s the old fashioned explanation. I know there is more at play.
MMT rears it’s head
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