@sullybiker i hope this is wrong :/
@mlg If you ensure you've only spent what you're willing to lose and get out at the right time, it;ll be fine.
@mlg Nobody is going to take what's already been cashed out.
@mlg Apart from the IRS, lol
🇲🇽
@sullybiker
Okay, let's see if I got this right.
The WSB investors who bought early are the top 10% of the pyramid.
The rest are the latecomers who will buy shares for support and to stick it to the man.
Sooner or later the top of the pyramid will cash out around 50% to 90% of the stocks.
At that moment, the stock price is going to drop like a block of cement.
The rest of the pyramid will end up losing most of their money
But it'll be worth it because "we showed them".
Did I get it right?
@yuki @sullybiker You are probably right overall but there's a little detail that gives delusional people like me hope: other rich people first shorted the stock - they borrowed shares and sold them, but still owe shares back to the lenders. they HOPE the prices goes down so they can get shares for less than they paid. If it doesn't, they eventually have to pay a high price and lose money. So its not the bottom of the pyramid who loses, its the rich guys. but i dunno what im talking about.
@sullybiker i don't mind the part where no one cares in 6 months, but i don't necessarily like the part where people like me who didn't even know how to buy a stocks until 2 days ago don't get to keep all this free money.