So we all know how regular traders pumped up the gamestop prices to exponential prices. And major shorts were squeezed and a lot of hedge funds lost money in it.
I was thinking how about we all make up a community for crypto and maybe try such thing ? We all say that whales are manipulating the markets but we are not doing anything to tackle them.
Look at the prices they keeping it so tight right now that even stocks are more volatile than crypto. Why not eat the rich in crypto ?
I was thinking how about we all make up a community for crypto and maybe try such thing ? We all say that whales are manipulating the markets but we are not doing anything to tackle them.
Look at the prices they keeping it so tight right now that even stocks are more volatile than crypto. Why not eat the rich in crypto ?
The whole idea behind the Gamestop trade was that there were big Hedge Funds that shorted the stock in large quantities. It even went so far that traders expected the short positions to be larger than the actual number stocks available. So, if the Hedge Funds were forced to liquidate their positions and buy back all the stocks in the market, there wouldn't even be enough to close out positions. Which would lead to huge losses for the Hedge Funds and high profits for any stock holder. It was a story where the small-time investor from home could take on the professional traders on Wall Street. It seems questionable if a similar situation could occur in the crypto world, because I don't think there are such large short positions in crypto coins. To be able to create so many short positions it needs a big infrastructure, a few exchanges alone wouldn't be able to create such a large number of positions. It would also be questionable if the exchange is willing to give out more shorts than long positions.