There's reports that the White House is calling the Robinhood C-Suite and ordering them to fuck their customers over.
https://patriots.win/p/11SKBwbF3d/government-pressuring-robinhood-/c/
Yep. Those funds are going to have to liquidate every asset they're holding to cover those costs, too. If GME stays about $100 before the start of trading tomorrow, we're going to see EPIC level turmoil in every financial market. This is going to trigger the biggest stop-hunt in stock market history.
If this happens, its going to have a huge impact on the venture capital industry curtail VC-funded startups drastically.
When VCs fund startups, its basically a ponzi scheme. They throw money at you at higher and higher valuations until you become huge, even if you make no money or are losing money hand over fist. AirBnB is a prime example. They make no money, but got huge because they kept getting VC money thrown their way.
These VCs are betting on either the company going public or getting acquired by a bigger competitor (which is usually already public). Either way, at that point the VCs make a shitload of money offloading their shares onto a bigger fool: the general public. If they can no longer dump on the public for these companies that get super popular but perpetually lose money, they'll stop funding these companies almost overnight.
If that happens, a TON of software developers are going to find themselves unemployed almost overnight. Nobody will be saying "Learn to Code" anymore cause developer salaries will plummet and these companies will have to suddenly figure out how to become profitable instead of just burning cash.
You don't need a lot of money to get into crypto. Almost every cryptocurrency is extremely divisible. Bitcoin for example is divisible down to 0.00000001 BTC, which is a unit called a 'satoshi'.
If you have $300 you want to use to invest in bitcoin, you can buy 0.01BTC with it. A lot of people want "whole" coins, and there's plenty of alternative cryptocurrencies out there which are much cheaper that you can buy if you want whole units. Ethereum is the second biggest and is currently trading around $1350/ETH, or .0421BTC. Bitcoin Cash is right around $400/BCH. Litecoin is at $130.
Bitcoin is king though. Don't get suckered into buying shitcoins without doing a lot of research. Don't trust shills. I personally am buying monero (XMR) right now because its the best privacy coin on the market (its almost impossible to trace transactions, unlike most cryptos that can usually be traced to your real identity at some point) and is currently very cheap compared to BTC. I expect it to pop at some point in the mid-term (relative to BTC. If BTC rises in USD, everything else usually goes up too though at different rates). That said, I'm not just buying it to make a quick buck but because I think its a solid value proposition. But don't take my word for it, DYOR.
Don't panic at 10%-25% swings, that's very normal. If you buy BTC at $30k and it goes to $15k, don't get angry and sell at a loss cause you got suckered into buying cryptocurrency. That's how the whales win. The crypto markets are like the wild west version of the stock market and trade 24/7 with very few regulations. The whales do everything they can to shake out weaker hands and create FUD (fear, uncertainty, and doubt) to take retail investor's money.
I'd suggest Coinbase or Gemini as an "on-ramp" for beginners. Keep an eye on the fees though. If your an experienced securities trader, Coinbase Pro has a format thats similar to the stock markets.
We have cryptocurrencies now, and there are cryptocurrencies backed by gold like Karatbit (KBC). We have the tools to fix the financial system and fuck over billionaire hedge fund managers at the same time. Yeah a lot of them are invested in crypto too, but they'll have to liquidate those positions to cover their margin calls the rate this is going.
Duh. Wealth is white supremacy, and only the wealthy can trade stocks. If you have more money than you need to pay your food/rent/cell phone/OnlyFans bills and can afford to play the market, you're wealthy and therefore a white supremacist and therefore oppressing minorities.
A lot of Bernie Bros came over to our side after Bernie got shafted and willingly spread his cheeks for the DNC. The ones that didn't get red pilled by that will probably wake the fuck up if the Biden Administration bans retail stock trading.
Every lie is certainly being revealed