I've been seeing lots of stories about this stock dumping, but my question is, where is the money going? I'm pretty sure it's not just sitting in banks, or buying gold (the price of gold would skyrocket).
My theory is they're dumping cash in Blackrock and Vanguard, who are using it to buy more or less the same stock being dumped, but which allows for more ESG/DEI pressure to be put on those companies.
Where are they putting their money? People like this don't just sell stock and put it in a savings account or get cash and put in a safe. What are they buying? I highly doubt it's crypto, but who knows?
Precious metals are decreasing because people are realizing that Bitcoin is a better store of value and hedge against inflation and catastrophe then gold is. People are finally realizing that if the world comes to an end it's pretty hard to carry a suitcase full of gold and it's not hard to carry that value of bitcoin. Institutional people are realizing this. The individual investors are realizing this.
One of the primary reasons gold had value beyond jewelry was because it was viewed as a store of value with some sense of true scarcity although Bitcoin has more scarcity than gold because you can always mind more gold every year as the price goes up. Bitcoin you cannot mind more bitcoin. You mind less Bitcoin every 4 years.
If Bitcoin was going to go to zero would have gone to zero back when it was 5 cents. Now a huge portion of the world is invested in it and you're never going to have a scenario where all of those people think it's worth nothing. So there will always be buyers if the price falls. But we've just begun the new scarcity race with the ETFs coming in. Now I know you're not a very sophisticated analyst it's quite obvious from your comments but when more money is chasing something that's getting increasingly scarce it's almost a mathematical certainty outside of the realm of a meteor hitting Earth or something similar that the price will go up.
Rothschilds and robber barons would dump stocks, and when the rest of the people panicked and began selling, they'd buy them right back up for much cheaper. I doubt the waltons are that savvy though. But I also doubt the waltons manage their own finances.
Either way, I wouldn't have my money in the stock market right now. But I've been saying that for several years, when in reality, I could have been making a killing.
those billionaires have insider knowledge, of course. When they sell a big chunk of their shares it must mean something. But we, as outsiders, the peasants, have to wait and see what they have in store for us. Something else: Nvidia has apparently reached its ceiling and is in any case, like all technology shares, heavily overpriced. I think I'll dump that semiconductor share today, lost trust in it
I misread and thought this was going to be about taking a dump in a sock. Which sounds like a feasible survivalist tactic, which also leaves you with a projectile to throw at a communist, who will like it because it smells like diversity!
With all the bandaids and patches, they created an even bigger bubble that will be more devastating. It's supposedly supposed to be the worst in American history.
[ + ] o0shad0o
[ - ] o0shad0o 0 points 1.2 yearsFeb 28, 2024 11:50:55 ago (+0/-0)
My theory is they're dumping cash in Blackrock and Vanguard, who are using it to buy more or less the same stock being dumped, but which allows for more ESG/DEI pressure to be put on those companies.
[ + ] feminismisculturedeath
[ - ] feminismisculturedeath 0 points 1.2 yearsFeb 28, 2024 08:35:40 ago (+0/-0)
[ + ] mikenigger
[ - ] mikenigger 0 points 1.2 yearsFeb 28, 2024 08:17:01 ago (+0/-0)
[ + ] AugustineOfHippo2
[ - ] AugustineOfHippo2 1 point 1.2 yearsFeb 28, 2024 07:32:06 ago (+1/-0)
[ + ] GeorgeBailey
[ - ] GeorgeBailey 0 points 1.2 yearsFeb 28, 2024 04:40:28 ago (+0/-0)
[ + ] Deleted
[ - ] deleted 0 points 1.2 yearsFeb 28, 2024 00:22:41 ago (+2/-2)
[ + ] Crackinjokes
[ - ] Crackinjokes 0 points 1.2 yearsFeb 28, 2024 12:34:47 ago (+1/-1)
One of the primary reasons gold had value beyond jewelry was because it was viewed as a store of value with some sense of true scarcity although Bitcoin has more scarcity than gold because you can always mind more gold every year as the price goes up. Bitcoin you cannot mind more bitcoin. You mind less Bitcoin every 4 years.
If Bitcoin was going to go to zero would have gone to zero back when it was 5 cents. Now a huge portion of the world is invested in it and you're never going to have a scenario where all of those people think it's worth nothing. So there will always be buyers if the price falls. But we've just begun the new scarcity race with the ETFs coming in. Now I know you're not a very sophisticated analyst it's quite obvious from your comments but when more money is chasing something that's getting increasingly scarce it's almost a mathematical certainty outside of the realm of a meteor hitting Earth or something similar that the price will go up.
[ + ] Deleted
[ - ] deleted 0 points 1.2 yearsFeb 28, 2024 12:42:56 ago (+0/-0)
[ + ] Jimmycrackerson
[ - ] Jimmycrackerson 2 points 1.2 yearsFeb 28, 2024 00:10:12 ago (+2/-0)*
Either way, I wouldn't have my money in the stock market right now. But I've been saying that for several years, when in reality, I could have been making a killing.
[ + ] Name
[ - ] Name 4 points 1.2 yearsFeb 28, 2024 07:01:58 ago (+4/-0)
[ + ] Jimmycrackerson
[ - ] Jimmycrackerson 0 points 1.2 yearsFeb 28, 2024 07:50:15 ago (+0/-0)
[ + ] Name
[ - ] Name 0 points 1.2 yearsFeb 28, 2024 19:44:19 ago (+0/-0)
[ + ] RobertJHarsh
[ - ] RobertJHarsh 0 points 1.2 yearsFeb 28, 2024 12:01:51 ago (+0/-0)
[ + ] the_old_ones
[ - ] the_old_ones 0 points 1.2 yearsFeb 28, 2024 00:00:22 ago (+0/-0)
whats walmart about to fucking do?
[ + ] shitface9000
[ - ] shitface9000 2 points 1.2 yearsFeb 27, 2024 23:39:06 ago (+2/-0)
[ + ] Scyber
[ - ] Scyber 5 points 1.2 yearsFeb 28, 2024 00:03:39 ago (+5/-0)
[ + ] boekanier
[ - ] boekanier 3 points 1.2 yearsFeb 28, 2024 01:18:22 ago (+3/-0)*
[ + ] AngryWhiteKeyboardWarrior
[ - ] AngryWhiteKeyboardWarrior 3 points 1.2 yearsFeb 28, 2024 03:41:07 ago (+3/-0)
[ + ] TheNoticing
[ - ] TheNoticing 1 point 1.2 yearsFeb 27, 2024 23:39:05 ago (+1/-0)
[ + ] RabbiKinderschtupper
[ - ] RabbiKinderschtupper 1 point 1.2 yearsFeb 28, 2024 06:07:36 ago (+1/-0)
[ + ] VitaminSieg
[ - ] VitaminSieg 1 point 1.2 yearsFeb 27, 2024 23:25:26 ago (+1/-0)
[ + ] lord_nougat
[ - ] lord_nougat 10 points 1.2 yearsFeb 27, 2024 22:24:06 ago (+12/-2)
Which sounds like a feasible survivalist tactic, which also leaves you with a projectile to throw at a communist, who will like it because it smells like diversity!
[ + ] dingbat
[ - ] dingbat 4 points 1.2 yearsFeb 28, 2024 00:02:05 ago (+4/-0)
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz 2 points 1.2 yearsFeb 27, 2024 22:11:13 ago (+3/-1)
[ + ] Sleazy
[ - ] Sleazy 0 points 1.2 yearsFeb 28, 2024 00:35:22 ago (+0/-0)
[ + ] Bottled_Tears
[ - ] Bottled_Tears 0 points 1.2 yearsFeb 28, 2024 01:58:18 ago (+0/-0)