So you can see very clearly today we had a strong enough support line at 27.69 everytime the stock dropped to that level they had enough $$ to buy more shares to raise ?he price again. They were refuseing to let it get below 27.69 they would do this because they may have a very big options call play where they make SQUILLIONS IF the price stays above 27 by xx/xx/2025
But you can clearly see the opposite thing is also occuring someone else with a ridiculous amount of $$$ probably has a put bet on where they will make absolutely SQUILLIONS if the price stays below $28.02
So its very simple its a battle of the robots one guy has placed a very large option on the price haveing xx strike price by xx date and another guy has bought options contract st?teing the price will be above xx price by xx date
So whoever has the biggest pool of $$ and shares wins. If you own enough of the float you can control the price and if you can control the price then you can make very very large amounts of money as i showed above its very unlikely but you could make $400,000 in a day with $100 total spent on an options contract
Meanwhile society wants me to jackhammer concrete for my entire life for $42.50 a hour and remain living in my car because it costs $1,000,000 to buy a 300k$ unit now by time my taxes etc and bodycorp and rates are done over that 30yr loan
I used to think after you had 100 million dollers you just retired from life but on the stock market 100million can be depleted on a days tradeing against the wrong guy.
What GME has kind of exposed is during covid if you can get millions of little losers like me with nothing give em all a covid stimulus and they all banned up together then they can actually deplete and win against one of these big guys (for a short period of time) before they just use theyre banks etc to just drive that price all the way down.
But yeah you kinda gotto own all the shares first before you can effect the price by either buying more or selling more but the price only matters if you have a far larger profit to be made with far less of a $$$ outlayes on a call or put
Anyways goodnight yall hope this explains why i believe bitcoin is FAR FAR FAAAAAR LESS OF A SCAM then actual MONEY
When your being told to diversify this is why. you never know when a billionair is going to place a bet that your stock that your invested in needs to be xx price so they can make xxxxxx money and if they own most the shares then they can do that.
I would be looking at who is calling bitcoin a scam and why they dont want you to believe in it at all. Answer is probably the banks the governments the EVERYONE who has a hoard of wealth. By buying or believeing in bitcoin your literally devalueing THEYRE system that theyve learnt to control.
If you think your rich cause you own half a dozen propertys and you have 10 million sitting in the bank and a few million in etfs and some bonds and some gold etc etc let me ask you this.
When was the last time you made 400k$usd in a day with your 100$ investment ? Cause thats what theyve been getting away with doing
Were all peasants here your not in the class you think your in.