Discussion in 'Silver' started by Turk, Mar 31, 2011.
GSR can go all the way to 17 from 126
one way choppy moves
Reddit silver apes gonna need stronger hands...
We don't have to worry about them, many of them much smarter than us. One American sailor converted the profits on his $3k punt on GME to buy 1600oz of silver in a single order! They are literally using free money made from cryptos and squeezy stocks to buy physical silver.
Elon can continue pumping cryptos and they will just cash out and buy commodities. The money made from dumping cryptos will eventually flow into physical silver.
They understand silver better than us. It's too easy for them to make money using little money, but the same money can be lost just as easily. By dumping profits into physical, you lock in your profits offline.
It can also go from 126 down to 17
Was that the one where he bought 100 Oz bars and did an unboxing video?
The Apes over there have filtered through the noise of Buy Physical Silver, or PSLV or enough SLV to stand for delivery for it instead of holding SLV, like was once suggested on Wallstreet Bets.
I think the idea of Elon Pumping Doge/Tesla Pumping BTC , as a distraction, while they go unannounced buying Silver or even silver mines has been speculated there as well.
Yes, Elon would be buying up and securing platinum, lithium, nickel, rare earths mines, and all the stuff he needs for Tesla and SpaceX. Recently, he approached Russia, I'm quite sure it's about resources. While the media is pumping bitcoin and dogecoin, my rare earth stock has gone up nearly 300% in just over 2 months and the talking heads are not even talking about rare earth!
There are lots of opportunities still lying around, only need time to research. Don't bother with msm, they only pump what they want to dump. The real gems, no one talks about it.
The Brave New World - 2021
12 year old twitter traders with 500k subscribers giving crypto trading advice. The smart money is here!!!!
good one but the way he talks always makes me want to Zzzzz. Only managed halfway, continue later.
Try 2x playback speed
Thanks, I increased the speed, but the 2nd half, I just fast forward it. Just bitcoin pumping. The media is now full of it, getting tiresome even to listen. The pumping has intensified in recent weeks...
Bitcoin pumping? Quite the opposite.
Ok, I'll watch again.
I watch it again but can't stop myself from fast forwarding at various points. He made several good points on the wealth tax and the increase in the number of paper hands as more retailers buy into the hype, and that the US government will not ban it.
But he doesn't mention that a stock market correction can bring down bitcoin back to sub-4 figures before it can pass $100k. Many things can happen in the next couple of months that can bring everything down. The people who bought today stand to lose 90%-95% if they HODL, while the luckier ones with paper hands will make at the most 100% or 200% (if assuming bitcoin goes up to $100k or $200k). 100% gain can be achieve in stocks easily with comparatively lower risk.
If a speculator loses 90%, he must earn 1000% in the next punt just to breakeven. The odds are very bad at $50k. I don't believe any real investor will buy at this price. Probably shill buys to "push" the price up, while secretly offloading to bag holders. For example, they could announce their public company bought xxx millions, while selling their personal holding secretly. PLenty of tricks especially in an unregulated market.
if your company have spare cash
even they are losing money
all need be done is just buy bitcoin
and your company value will launch to the moon
just like Tesla
excellent expanation on why Tesla got into bitcoin
Come to think about it, if you say you buy gold and even silver, your stock will fall instead. Opposite effect of bitcoin.
Just wondering who is actually "buying" bitcoin. Looks at the chart. Even an 8 year old can tell you what happens next.
If that's his intention, doesn't seem to be working. Tesla looks like it's going to fall off a cliff.
Interestingly perhaps, Musk is forcing practically everyone who owns Tesla shares to "invest" in bitcoin. E.g., most Aussie Super funds probably have Tesla in their intl. portfolios etc etc. Not sure if the institutional investors are all too comfortable.
That said, Musk has pulled a rabbit out of thin air before.
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