AMC

blackierobinsun3

I’m still waiting on this GameStop/AMC stock to make me a millionaire like I was promised 

Vegetaman916

I quit my job back in 2019... Taxes, lol. Perhaps look far, far back in my post history to see more about how I am. There are so many LLCs, so many kyc verifications in so many homeless peoples names, and so much "creative" bookkeeping for my poor CPA... I mean, the K1s alone have me sending out more 1099s each year than I do Xmas cards, lol. And I've been doing stuff for a while. Not long, but long enough. No matter what taxes I had to pay now, it wouldn't get close to how much I paid after GME hit 370, which is where I sold... It's all free money. Trades can't go bad. Because even if you have to wait, it *always goes back up.* That is the thing everyone misses. They sell red, and that's insane. Hey, I had a bag from the end of 2021 as well, good ol' vechain. Did I sell it red? No, I sold it a few months ago for a damn *profit,* because if you just wait *it always goes back up.* People think I post this stuff to be a dick. But that's not it. Between this and some Amazon stuff I post about, I haven't worked for *5 years* and I am doing better than ever. You want taxes? I owed the IRS 21k back in the day. GME paid it. AMC paid all the credit debt. And hell, maybe it was MVIS or SNDL that paid off the car, I can't remember. The reason I post this crap is because *I want everyone to do it!* The economy sucks, renting sucks, working sucks, bro... just stop. This can't fail. It hasn't failed once. Pick a date for next week. I will post a trade. And then I will post the cashout, *within a week* of that trade. It works every time, and I just want everyone to have what I am having, and shut down the naysayers that are denying it to them.

Castille_92

Yeah I stay far away from Robinhood after the whole GameStop and AMC debacle

blorpianblorp

Reads alot like the short squeeze folks bag holding AMC, BBBY, GME lmao

LivingTheTruths

Take the stupid AMC GME bs out of here lol

WasteMud7924

This is a great idea and the random assumptions seem reasonable— I imagine that Game Stop, AMC and others had a similar snow ball effect from the Reddit community

Ok-Sock-9735

Ask the AMC crowd how they are doing mentally 😀

TrainPuzzleheaded820

I graduated college and got a job in mid 2019. By mid 2020 I was able to accumulate some savings and started looking into ways of growing it. The GameStop short squeeze really opened my eyes to investing cause people made lots of money during that time and I was like damn I want in on the action, so I did and lost half my money on GameStop and AMC haha After, I was watching different investing/day trading channels on YouTube and these people were buying crypto and I was like wow these coins go up like 10 thousand percent a year so I bought hella shitcoins and a tiny bit of Bitcoin(cause it seemed expensive at the time at 32K lol) Then one thing led to another and over the next couple years I did lots of reading on the winner (Bitcoin) and turned into a maxi by 2023. Today, I cut off my girlfriend from nail appointments cause Im not trynna short Bitcoin (jk but maybe I should tho)

Just1_More

*Latest on HK spot Bitcoin ETFs: They have been approved to exist but not launch (yet). Rumor has it launching next wk so to not compete w Dubai conf. Don't expect a lot of flows (I saw one estimate of $25b that's insane). We think they'll be lucky to get $500m. Here's why: 1. HK ETF mkt is tiny, only $50b, and Chinese locals cannot buy these, at least officially. 2. The three issuers that were approved (Bosera, China AMC, Harvest) are tiny. No big fish like BlackRock involved (yet). 3. The underlying ecosystem there is less liq/efficient = these etfs will likely see wide spreads and prem discounts. 4. The fees on these likely to be bt 1-2%. Nowhere near the dirt cheap fees in the US "Terrordome" Takeaway: Other countries adding btc ETFs is no doubt additive but it's nickel-dime compared to the mighty US market. Huge h/t to @RebeccaSin_SK on my team who is on ground in HK* [Twatter link](https://twitter.com/EricBalchunas/status/1779867078603718970?t=XQFjgVvHjtR7ExQj7chm8g&s=19)

lordofming-rises

So you're telling em I shouldn't check my AMC?

nxs_sss

Oh are you a GME bag holder? RH gold is $5 per month. Is that the requirement you speak of? Proof is in the pudding. Look at how much money has been moved to RH this year. You need to get over your GME/AMC meme stock losses.

Prestigious_Syrup636

Buy amazon, AMC bitcoin

T1mely_P1neapple

sell the 400m shares of AMC stuck in FTX tokens

liquid_at

Not sure why all the haters on AMC think that everyone is throwing 100% of their net worth into one single stock... Ever heard of "diversified portfolio"? If you invested more than a small percentage of your net worth into a speculative play, you shouldn't try to educate others about best practice, since you refused to follow it yourself...

Bonti_GB

The only thing I see wrong with this list is using Robbing hood. They have stolen from the poor and given to the Rich with AMC and GME. This is even called out at the end of Dumb Money. There was and is nothing stopping them from doing it again.

LivingTheTruths

This dude sounds like them AMC moon boys lol

Thin_Top_1573

I can handle the cult of bitcoin. The cult of AMC was really the one that got me.I’ve dodged them for some time now. I bet they are still waiting for the MOASS. “No no, it’s still coming just recently…..”

Rulother

back in the day, when btc was the only player - mining companies like AMC

Quail-Street

Well my understanding is similar to yours, it’s continually burns more and more eventually depleting it down to a value worth $.01 or more. I hold some, I have no more in it than I would spend on a fun weekend. I think the low price of it is attractive to people, every time some is bought or sold, more is burnt. I just figure I’ll hold it and it might go to the moon or to hell, either way, I think holding is the move on this one. Personally don’t want to deal with the big taxes like I got burnt on AMC. I ended up paying 50% tax on my short term gains on it. I’ve held my shib for almost 3 years now and just keep buying more. I also buy ETH and BTC weekly, I don’t like just keeping it all in one place. I’m sure I didn’t just actually answer your question, but I do believe in it and think it’ll work out in the long run. I am one of the rare few that has seen substantial gains and decided not to sell. I would prefer to see the project actually work out long term. Best of luck to you with whatever you decide my friend!

Moscow_Mitch

I’d just like some market transparency for retail investors. Anyone familiar with the GME and AMC sagas?

Hald1r

As wallstreetbets and AMC has shown if you can get enough people to believe in something then the cycle is much stronger then those arbitraging off it. The ones correctly arbitraging of it will make more money than those that just held assuming the price continues to average up. The ones that don't do the arbitraging correctly will end up worse and some times much worse that those that just held.

Herm1972

I know ur not looking for advice, but here goes.....sell half and the cash will return about 4.6% so you'll see nice increases every month. If BTC goes down again to 40k or 50k u can think about buying back in, or if not at least u will have the satisfaction that u sold half at a high price. If it continues to go up, u will feel u made a mistake, but that Ape mentality is why so many people lost thousands on AMC. It's never a mistake to take profits.

Mountain-Ad326

Sounds like a simping diamond hand trade like wallstreetbets did with gamestop and AMC. .... GLWTS

PennywiseMeetGeorgie

Hope so. Bought them because of their previous all time highs and their current low entry points. For me a X5 + even a X10 would suit me lovely. However, I will buy more soon. I saw CRONOS on CoinGecko, saw it on Etoro too and looked into it. Saw it was Crypto.coms coin and tbh I think like Swissborg and their coin Borg will move in the bull run as people will be heavily investing via their apps. Hope so. Brother. I fucked up on GME AND AMC. However, I stand with you on this one! Our time will come!

PennywiseMeetGeorgie

Yeah I did the 'responsible' thing too when BTC hit $3000 by not buying any thinking 'what if it drops and I lose money' not realising that it's not a loss until you close or sell positions and instead bought AMC & GME 😂 Guess what, didn't even sell when I was in profit. Massive loser but I sold GME recently in a loss to buy ADA, CRONOS, DOGE & HBAR. looking to recoup losses and make some profit more than anything over the bull run so we'll see what happens. If they all hit ATH it'll be major profit not just some profit. Major to me is over $10,000 because I only put in $2000 so yeah. To some $10k is nothing but it's more than I had before so here's hoping.

PennywiseMeetGeorgie

Biggest Mistake was buying GME & AMC and not selling in massive profit. Second mistake was buying GME & AMC instead of 1-3 BTC at $3000 dollars Other than that, recently sold GME in a loss, -46% but used my remaining $2000 dollars to buy ADA, CRONOS, DOGE & HBAR. ^ hopefully that wasn't my third mistake. Looking to recoup gme losses and hopefully profit over the coming Bullrun with these decisions.

liquid_at

your "life" is getting paid to shit on AMC? ... I wouldn't want to change with you. I( prefer running my own company, making tons of money with that and still having the time to play with little shills who think they'll get that $2.50 bonus end of month... but they never do...

Key_nine

I was watching a crypto channel and agreed with their summary of why Bitcoin hit an ATH almost 38 days before halving which it has not done before. ETF. The acceptance of Bitcoin on Wallstreet has caused Wallstreet to make the price jump with all the buying to hold for their ETFs. Retail usually starts buying near or after the halving event according to past cycles. This means we are in uncharted territory this time and will retail see the crazy high price of bitcoin and liken it to a share of buying Berkshire Hathaway which is currently at $609,710.00? I have never heard of a retail trader buying any high priced stock like this ever, they look for the GME, AMC, or flavor of the year plays, like when Tesla stock took off and everyone bought EV stocks, or when Apple took off and everyone bought semiconductor stocks, or when Starbucks took off and everyone bought coffee stocks. Right now it is AI so retail is probably going to be buying AI crypto imo as Bitcoin is for people with some money to throw around.

PennywiseMeetGeorgie

I mean, technically didn't get scammed with AMC / GME, I saw profits of 300-700% but stupidly never sold and was left bag holding. I have held XRP since 2021 too.

huskerarob

You got scammed in GME and AMC, just to get scammed again with XRP? I doubt ripple will break 2018 ATH's.

PennywiseMeetGeorgie

I have my Take Profits set at $5 but I'll most likely change that if it pumps that high and have my Stop Loss be $5. I fucked myself not taking profits during th GME / AMC squeeze so left bag holding but just sold my GME and bought 4 cryptos which if they even move up 10% it'll be more than GME has produced in the past 6-12 months so as much as I'm saddened I'm optimistic about the move I've made. Best of luck to all!

theoldme3

50% of my investment money is in btc The remaining is QQQM, VTI, GME and unfortunately AMC lol

Red_back_southwest

I believe this is the one can save #AMC. The best of 2024 so far .

NevaGonnaCatchMe

Exactly. This isn’t exclusive to Bitcoin. I considered putting a signing bonus into Tesla in 2013. I sold AMC for a small gain in 2021…blah blah blah Welcome to investing “dad”

in915t

Memories from WSB and GME/AMC times lol

PennywiseMeetGeorgie

If I sell my GME & AMC I have roughly $2670 so I'm just trying to work out on what coins to split that up into. I currently hold: ETH, XRP, DOGE, MATIC, ADA & 1inch Gonna look at CoinGecko and check the Top 25 coins, see where they're at with their ATH, current positions and where they could go during the bull run. I know we're in in a strong moving market right now but you got me thinking man!

DefiantLogician84915

Lmao I aped in $600 for AMC at $54. I sold at like $13 a share at a huge loss. Glad it worked out for you!

SofaSurfer9

This. You know how much I was flamed and called bunch of names during the AMC craze? People calling me an idiot when I sold at $55, earning 6 figures in profit. Those same people diamondhanded it down to $5 and are now both broke and in debt.

BeautifulJicama6318

You know, the reddiors at AMC and BBBY said the same thing.

TheLonliestBoy999

I would definitely recommend doing it. I don't see much chance of GME or AMC outperforming crypto in the next year or two.

PennywiseMeetGeorgie

I did that with GME / AMC. Watched roughly $6000 turn into $35,000 and didn't sell. Now it's all sitting around $2500. GME still has some potential to not exactly rise drastically but enough to get closer to breaking even. AMC for me seems like it's hit a dead end. However, I'm in 2 minds about taking my $2000 GME holdings and buying crypto for the next 3-10 months because I could definitely make money back and more. Decisions decisions.

M0neyMaker21

9th advice.. i've made 50k profits on AMC in 2021. Thought i was the smartest. Dumped it all back in the market and got rekt.. -30k in 2 weeks. Slowly grinding my way up again.

FatphobicSatanist

I’m going to 6th this advice, I made a ton of money when I started investing on AMC and then lost it all in risky oil and pharmaceutical stocks.

messisleftbuttcheek

I've never understood why people find this to be such an important use for Bitcoin. I don't need or want to exchange Bitcoin for a movie ticket. This isn't the adoption that's important. What would matter is if Cinemark / AMC used their fiat profits to buy Bitcoin

todamoonralph

hmmm...kinda sounds like AMC stock

IsolatedAndH8ted

Hey man, I remember those days that was happening along with that $AMC ordeal as well........ sigh aha ugh... I mean if only u like knew ahead of time on every trade right.....?? sigh but hey Brethren can I ask you a nosy question.....?? Obviously you do not have to answer it's LOL but may I ask Subway if you had options calls in them or just shares how many shares of them did you have what was your profit just curious you know

PuggoReborn

You're an experienced trader now. When emotions are taken out of the equation, you're prepared for good and bad. I know bc a great portion of my wealth came from AMC/GME. Those community emotional waves were insane. The more I learned of the financial world, the more I became.. I guess stoic in the markets. Mind you, I have been in the market much longer than AMC/GME. Take this as a blessing in disguise. I do miss getting excited, but the horrors of a crash or "what if" make me thankful. It reminds me I'm here to make money. That's it. No one can sway me unless facts and logic commence. Congrats, now let logic guide you

LightningShiva1

My blood still boils after what they did with GME and AMC

Lap0101

I owned AMC et gme during the buy button removal and nobody ever went to prison. That and so many other horror stories.

Lap0101

You are down 99% on AMC ? Damn. Always have stop losses

knuckle_buster69

He is part French so you'll have to forgive him ... I'm down 99% on AMC but less on GME. Still HODL for same reasons. I also HODL BTC. Godspeed

Lap0101

Don't know what larp is (Google says roleplay). If it means you don't believe me, you can check my post history. I posted about my upst gain 2 months ago. I could even post an old screenshot of my AMC calls where I made 300k from 15k in 2020. They are in french tough since I'm with a French Canadian bank. But anyways. I guess you find me weird because I'm not comfortable in English. I know that my way to phrase things is kinda weird.

LightsOut4goood

It has to do with the supply.. I only know the answer 70%.. honestly when it comes down to market cap and inflows I learned alot from GME and AMC over the years.. it has just become more prevalent with this bitcoin cycle because people aren't will8ng to sell this time around.. im sure if you youtube why btc market cap goes up 50x for every $1 ull find the same answers I could give you.. and let's be real.. btc running hard.. u know dam well u have watched a few bitcoin channels lol... u got time to look at how the multiple works.. best of luck to all of us this year!

Lap0101

Only invest what you can loose. For me, it's a long term investment. It could crash in 2025 or 2026 and I would not care. Gme/AMC extreme swings made me numb to anything except my game plan.

HunterBidensdik

This is literally what the bag holders on the AMC Stock subreddit argue. Just hold and eventually it will go to a million

socalquest

And you are here? Go to WallStreetBets and trade your kid stock GME & AMC. Good luck! GLTA!!!

PSKGM

I’ll love every opportunity I get to shit on Robinhood. I bought some AMC and GME at the lowest price before the big shenanigans a couple of years back and at the peak, I look at my account and Robinhood sold my stock for me without my permission. They returned the value of money that I used to purchase both stock back to me. Which was obviously not reflective of that current peak. Robinhood comited multiple Federal crimes and got away with it scott free. I cannot express to you enough that you shouldn’t trust them with any of your assets. Especially not their new Roth IRA.

Goggles32

Haha yeah I learned my lesson with the meme coins/stocks with the AMC stocks a couple years ago.

FoulmouthedGiftHorse

Why? Because you didn't get rich delivering for DoorDash? Or is it because you invested in GME, BBBY and AMC because someone on the internet told you to?

3utt5lut

I'm gambling on GME and AMC on Solana. Real degen gambling.

EvilBeanz59

Lol. I made guap on AMC during ATH. Lol bought more GameStop. Also. A lot of people were active in safemoons sub.... even trolls. Lmfao Only thing I lost money in was BBBY and AMC hella offset that. So. I'm good thanks!

snowmanyi

Hahaha active in: gamestop, AMC, BBBY and fucking safemoon hahahah.

ZeusGato

Good now investigate Citadel! Fack you pay me! #AMC LFG 💎🙏🏼🚀🚀🚀

dauntlessphilosopher

No it’s still considered a gamble, risky investment, unwise, akin to AMC/GME investing, buying a fake asset, etc

No_Reading_9446

$AMC 🍿🚀

SHORT_SQUEEZE_REDDIT

Hi everyone Please take a look at $REDDIT, on Solana. We all feel that $REDDIT is not given enough credit for the GME, AMC short squeeze. Without reddit, this historical moment would not even happen. $REDDIT gave everyone a platform to explore, communicate and set the stage for the squeeze to happen. Today, $REDDIT will be going IPO soon and adds to the billion dollar narrative for $REDDIT to send on solana. This is a community takeover project and has proven to be really strong . One of the admins doxxed himself, and we grew from 500 to 700 people in the telegram group all in just one day. No matter what yall say, this will send 🚀🚀🚀🚀🚀🚀 Tele: https://t.me/RedditChads X : https://x.com/solreddit Website: https://solreddit.com

Mysterious_Goat_6832

Most of those coins had a good run its time for $BB Blackberry in the likes of $GME and $AMC for the squeeze to continues. $BB on Solana.

izzyisit

$BB 300k mc , gonna follow GME and AMC into millions

Mammoth_Word1578

$AMC on solana will be the next rocket flying alongside GME [https://t.me/AMCSolana](https://t.me/AMCSolana) [AMC $0.00616169 , AMC chart, live forecast | DEXTools](https://www.dextools.io/app/en/solana/pair-explorer/HZZofxusqKaA9JqaeXW8PtUALRXUwSLLwnt4eBFiyEdC)

pablocerakote

This is turning into another AMC sub. Can you stop?

Rhyndir

Anyone still holding AMC has actual brain damage.

theshogun02

Can’t help but think anything at all with AMC attached to it is just a scam anymore.

Perfect_Ability_1190

Siphoning more money from those poor AMC Apes. SMH

burntoast15

I really like movies so I guess AMC is the coin for me. Like you said it's a pretty good entry point atm too

fixerdrew02

If you combine Cathie Wood, Motley Fool and an AMC investor you get Florida Man

Chemical-Passage-715

I heard everyone was buying AMC

BeautifulJicama6318

Also guessing he thinks that AMC can reach $1 million a share, because math.

blaezen2018

I Hope . Everyone is diamond handing like AMC

xchainlinkx

That's the beauty of ETFs. Look at what happened with GME and AMC. As always, careful what you wish for.

whatdacowsaytothetit

You're underestimating the lower IQ GME, AMC, Doge investors lol

xchainlinkx

Bitcoin sold not yet purchased. That's what you get with ETFs and trading OTC. They can manipulate the price of Bitcoin all they want without requiring to hold any real Bitcoin. We seen this with GameStop and AMC, and a whole assortment of other stocks that were naked shorted. Careful what you wish for.

squartino

my bad i got confused with AMC maximum price of 72usd (where all started for me)

FaithlessnessNo9036

All the GME and AMC investors are like this look typical.

Christian1762

Says the AMC investor 💀

iCanFlyTooYouKnow

This is all good, but what can and how will it effect the BTC. Will BR and the others really but BTC for every share that they sell? Or will it just be a ponzu scheme for WS to try to fuck us over like they did with AMC that is still struggling with naked shorting ect.

ThxBTC

I think you missed his point. Brokers sell as many non-existent shares of AMC stock as they want. They post the number of sold but non-existent shares to the Reg-SHO list. Which is a joke, as far as I know, it's not policed so the game goes on and on until the price drops, then they buy the shares they've already sold, making even more $. It's been years since I followed it but Patrick Byrne brought a lot into the light when they sold massive numbers of Overstock shares that didn't exist.

Darkhart89

Though this isn’t the same situation really, the OP is referencing when it was realized that more shorts existed than actual shares of some stocks. This allowed the GameStop short squeeze using very real trading techniques, and I believe AMC also. It was wild and turned into silly degen stuff but I believe OP’s question is focused on whether or not the ETFs can make shares that aren’t backed by Bitcoin. This “shouldn’t” be possible but time will tell. I imagine if their plan is to settle after the market closes some day in the future they will have sold more shares than they can buy Bitcoin to back. That would be an interesting day for price as they scramble to find additional sellers.

SpecificPiece1024

AMC anyone…

SlayerOfTir3s

lol this fucking moron said like amc get your stupid conspiracy ass out of here with that bullshit. AMC is a shit company with a mountain of debt.

Ilovekittens345

If the Greyscale BTC ETF is approved (it was approved today) then the Greyscale BCH ETF will also be approved. >BCH has an obvious conflict that it would confuse people with btc. How, the tickers will be different. And why is that even a problem for the stock market. Some peeps bought AMD instead of AMC during the memestock hype. Does the SEC have a problem with AMD and AMC being just one letter in the alphabet removed from one another? I don't think so.

ThatSlyB3

The entire market is staring down bitcoin etf. Why would they post about anything else. What are they gonna do, boost AMC? An AMC post would just make it go lower lmao

ThatSlyB3

And that helps AMC how?

ThatSlyB3

Because AMC has absolutely nothing going for it to say it will do anything but go down and eventually bankrupt

2tothe15th

I was just thinking the same thing. I also think the SEC made it look like the hack occurred so that they could continue on with their charade of protecting the public from the bad actors. Ask the folks that own AMC shares about the SEC. They will give you chapter and verse on the SEC, especially GG.

todamoonralph

Because we've been screwed over so many times? Feels like the crypto version of AMC stock.

Sad_Principle_2531

Nothing. The people holding onto BTC will be like the GME and AMC bagholders.

Status-Friendship-97

Yeah, just ask GameStop and AMC holders. They made a lot of money and lost a lot of money. Due in large part to Reddit.

criminalmadman

YOLO d into AMC and cashed out at the top and bought BTC.

zippyzipperson

> This sounds like one of those AMC bros Only a fool would sell a deflationary currency to pay off low interest debt denominated in an inflationary currency

JediJofis

This sounds like one of those AMC bros