We all remember that sinking feeling election night knowing we were winning, sticking it out the man (AGAIN), and watching out numbers moon like crazy. LIKE CRAZY.
Then, suddenly, in the dead of night like a Venezuelan Socialist election, they halted the count. And immediately afterwards Biden numbers jumped up at statistically impossible levels, all while the media pretended nothing happened.
And we all watched helplessly as our five years of investment (in Trump) came crashing down, all while the powers-at-be exposed just how rigged the game truly is.
ITS IMPOSSIBLE TO NOT SEE THE CONNECTION, AND NOT FEEL FOR MY DIAMON HANDED AUTIST BROTHERS (literally have brothers holding stock and they don't even like Trump lol)
Robinhood is already being setup as the sacrificial lamb. Whoever controls Robinhood knows it's a source of pain in the stock market. The powers-at-be know a lawsuit is coming, and they're willing to save Melvin by making Robinhood the scapegoat.
The world will make Robinhood the enemy, all while ignoring the real enemies at the top, stocks will fall to an acceptable level that the Treasury can bail the companies out at, average Redditors will be screwed, and life will go on as normal for the elite.
Absolute corrupting, collusion, and manipulation.
EDIT: This post was made when GME was in free fall from 390 to 109 in like 40 minutes, it's back up, but my point still stands: COLLUSION BY THOSE IN POWER AGAINST US WHO GRANT THEM POWER.
Also, the internet is high on suing Robinhood, but they're not asking the right question: why does Robinhood care?
Because they're protecting someone. Someone on high spoke down to Robinhood and made them halt, or probably have their daughters boyfriends blown up (sadly not even a joke, see Georgia).
Who are they protecting?
That's who the internet needs to rally against after this is all over.
💎👐 Until after market open tomorrow.
As far as documented value, I can create a price tag on the lamp for 100 million, then that’s the latest “documented value”. Only problem is buyers aren’t going to trade with me. They’ll just move down the order book to someone offering a lower price. Go look at an order book and you’ll see a zillion sell orders at stupidly huge prices, and a zillion buy orders at stupidly low ones, and they never clear... they just sit there on the book. But when we talk about price we talk about where it’s trading now. Value is subjective to each player in the market... price is a function of market forces (supply & demand)
Ok. We live in different worlds. I live in the real world and work with my hands so things are real simple and straightforward to me. You live in a fantasy finance world where everything has to be complicated to keep everyone from recognizing the scam.
I also work with my hands. Just rented space in a garage to work on my car.
Order books are not complicated. Most people just have not ever had any contact with them.
^^ Why I’m encouraging you to go look at one.
I think we agree on almost all of this.
You seem like a good dude, hope you are doing well. I will never understand that nonsense finance world like you do. How I see things is very clear in what I said. I don't care about order books or speculation or markets. I care about real value that I can make use of in my life. I appreciate your attempts to educate me but I am just not able to see the world that way. God Bless you my friend.
that only works on stupid people
an item's value is whatever the person paid for it, that's why on ebay you look up recently sold and not currently listed
Value and price are fundamentally different things. Value is always subjective. Price is one piece of information about a trade.
Recently sold is a good way to get a ballpark, but you will often see prices fluctuate from that. Even sometimes very wildly, depending on what it is.
What some one paid is the price they paid. We know since they bought it at that price, it’s perceived value was higher than that price to them, otherwise they wouldn’t have bought it.
Nothing has intrinsic value. Value and money are made up concepts to facilitate trade.
Also, remember I don’t have to care what some one else paid for something when they bought it. That has nothing to do with it’s value to me.
When you look at recently sold, you are looking at a snapshot of transacted prices, a market history.
All statements of value are guesses and all prices are made up, then agreed upon (or not) by the buyer & seller.
I keep reading it, but I can't seem to find your point.
multiple points about the differences / interactions between value and price