AMC

Affectionate_Rest722

The same people who went wild with BBBY, AMC, GME, etc. if you like risk, have a few bucks you don’t care about, probably a good flyer just to watch, and enjoy wild swings.

__sys_out_println__

Okay this was a joke but I hope he investigates the GME and AMC mess with his Sherlock Holmes shoes on.

Crispycritter23

How do you DSR? I need to do that for my GME and AMC

Firesice

Yes! I caught AMC afterwards and the rest is history. I'm still looking for whatever is next. I'm hoping for moons.

Maleficent_Plankton

Yep. Using 3rd-party intermediaries would eliminate most of those issues for the merchant since the intermediary is taking on the risk. Flexa charges merchants 1% fees, which is cheaper than credit card processing companies. Though I wonder what percent of AMC and Baskin Robbins customers use Flexa.

CatBoy191114

Yeah, for all newbies, picture a scenario where a buy button is disabled and you stock is crashing. You know most of your fellow share holders bought the stock on RH and that no one can buy. Do you sell or hope for a miracle? That's the decision all GME and AMC holders were faced with a few years ago thanks to RHs actions.

DeathMoJo

Wasn't there a tie with AMC and GME stocks and the FTT tokens? Like a way the stock was tokenized so it could be traded in the dark pools and off exchange.

Repulsive_Judge_3351

It's because Citadel & thr hedge fund cartels have been funneling clients money, just like SBF & FTX were funneling money to Citadel & politicians, they were the forst domino in the cascading shut show. Forcing Kenneth Griffin to cover the HF cartels overleveraged NAKED short positions short positions on AMC&GME & the meme stocks of 2020-2021 BAC isn't the only bank doing this Goldman Sachs JP Morgan, & many more. Are all in a financial cartel to suppress the markets & get rich while robbing retail. They use PFOF & dark pools, which aren't monitored by ANY regulation agency operating in GOOD FAITH reporting. Cellar Boxing stocks into bankruptcy, and then they buy up the companies cheaply. It was created by Bernie madoff himself, & his wife was a chairwoman for Goldman Sachs AND the labor party of Canada until 2018. Lehman brothers happened in 08 with her husband at the helm. She JUST got off the board 4 years ago & she along with the finance hedge fund cartels.

thesixburghkid

Most of these banks are about to fall one by one, naked short selling is the culprit. BOA took a short on AMC and this is just the beginning of what is to come.

SuperRekt2001

>have NOTHING to do with fair pricing of an asset. AMC and GME and yes, Bitcoin, come to mind. What's the fair price for Bitcoin? Or stock? Or gold? A price is defined by supply and demand. Period.

totalialogika

No several studies have shown that once speculation is at play the prices have NOTHING to do with fair pricing of an asset. AMC and GME and yes, Bitcoin, come to mind. I am all for freedom. I don't suggest any dictatorship but a way to price things outside of Fiat currencies in an efficient and non speculative way. If a seller needs to sell a car, they certainly want a number to show up and it reflect the value. Speculators can focus on blockchain-enabled crypto whereas here I suggest an AI-based pricing model for assets. Let's see which people choose as free market can decide in the end. I believe crypto in its current form is useless and purely speculative. And it can go to 0 just like that. Which means no one in the general public will trust this. Especially after the FTX debacle.

PositiveUse

I have a feeling that after that whole GME/AMC saga, WSB and CC merged. Also „meme investors“ that first started trading during the GME meltdown, all joined crypto (doge, shitcoins,…)

chrisodeljacko

Yeah they've done that too. They're caught in such a bad bet they created 8 quadrillion wrapped AMC tokens (float is only 500 mil) to cellar box the price down. SBF has admitted all of this, its all out in the open now.

TrippySubie

Good luck man. Took all my gains and watched AMC eat it so I just watch from the sidelines now hahah

crownpoly

Did the same with AMC and NAKD. Think I made like 2k on both in just a few days

JoePatowski

It’s all due to the GME,AMC, and a several other stocks that weren’t backed 1:1. Millions and millions of tokens are not backed. It’s a shitshow and just the beginning.

BoldlyResolute

Indeed, but the hillarious thing is they don't listen when you say, "crypto is bleeding, prices are down 70%-90% from ATH. Now is a better entry. Bull markets make you money, and bear markets make you rich. " This girl I talk to often at the gym asked me the other day if I had done anything exciting recently. I told her no, I'm investing all my extra money into crypto. I said everyone was panicking, so I was buying. She said, "Panic buying?, I said no panic selling." She changed the subject to AMC stock price shootup. It kind of speaks volumes. She was focused on the intense gains of AMC but was oblivious to what I was saying about crypto bear markets. Every time I mention this, people disregard what I'm saying. Sometimes, I just want to shake them.

ChaoticTable

After how they handled the whole GME/AMC ordeal, I wouldn't touch them with a ten-foot pole.

crownpoly

Also got lucky in AMC.. made like 2.5k over the course of 2-3 days

R4ndyM4r5h420

Still hoping on GME AMC huh

bandikut2020

This guy belongs to WSB! "the defendant , used the funds that he embezzled in or about June 2021 to trade securities, including options and equities of what are commonly called "meme stocks " like AMC Entertainment Holdings , Inc . , GameStop Corp . , and Clover Health Investments, Corp." \[[Link to DoJ](https://www.justice.gov/usao-sdny/press-release/file/1560631/download)\]

PositiveUse

BTC maximalism is also a cult. Bag holders having cultish behavior (GME, APE, AMC, LUNC, SOL, ADA)… news at 11

karlpilkington4

First of all, not all companies on the stock market make money. A stock price goes up or down depending on buy and sell volume. Speculation and manipulation all happen with stocks even if they make a profit. GME and AMC were a prime examples of this. But the core of making money off a stock is other people buying the fucking stock.

mrsoojay

Yeah. Just like AMC and Blackberry. And Tesla.

allspoetry

Price sucks. Other than that: \- **OG**, created in **2011** as a clone of bitcoin but **on its own blockchain** (not a fork like btc cash, btc sv, btc gold etc) but **faster** with **negligible transaction fees**. \- **Hard capped supply** at **84 million coins** that will ever exist (21 million for bitcoin) = **scarcity**. \- **Lightning fast transactions** thanks to **lightning network** (shared with bitcoin, also atomic swaps) = **scalability**. \- **Privacy (optional!)** and **fungibility** thanks to **MWEB**. \- **Security** thanks to **PoW** through scrypt. \- **Liquidity** thanks to being on basically every exchange. \- **OmniLite** for creating NFTs, smart contracts, stablecoins, decentralized tokens. \- **Adoption:** top alt on **Bitpay**, accepted by **Paypal, MoneyGram, Venmo, Flexa, Gucci, Tag Heuer, AMC, Regal, Newegg, Amazon, Verifone, VISA, Coinstar/most ATMs that have bitcoin, several banks globally, etc**. \- **Decentralized**, no premine, no founder's stash, fairly launched. \- **Merge-mined** with dogecoin, solving tail emissions and mining profitability. Other crypto might be fast, OR scarce, OR secure. **Litecoin does everything.**

sergey6116

If you want to mess with upcoming metaverses I would suggest to check out The Walking Dead Lands (of AMC, should be in beta in a few months) and Helix (GTA like game that's in alpha right now).

richestmaninjericho

Runs so deep. Also wonder why they had to turn off purchasing of multiple stocks like AMC, BBY, KOSS, GME and few others? It happened on Robinhood but also on other brokers too like IBKR, and TD. Short Swap Basket? A lot of questions and hopefully with time we all get to see what happened.

FreeSushi69

Please show me where GME have diluted their shares. Only AMC does that. GME is on top of the upcoming web 3 era.

Beatnik77

They made billions with GME/AMC/BBBY shorts this year. Meme companies have declining sales and lose tons of money, they have money for 1-2 years. They will have to print billions of new stocks to survive, the short who have not yet closed will close at great profits easily.

ABena2t

a coworker of mine was an AMC millionaire and didn't cash out. lol. actually feel bad for the dude. he literally put 100k in at like $7 a share. It went on to max at like $70 something. Literally just/barely broke a million and then it started to tank. I was working with him that day it peaked when he showed me his account balance. For whatever reason he was convinced it was going to hit several hundred dollars a share. I tried telling him to cash out but he kept talking about taxes and that he wasn't selling until he'd walk away with a million after tax. well - I haven't checked it recently but I think he's in the red right now. $5 a share or something and he's still holding. That was the biggest mistake ever. But thats not all - he lost 70k in stable gains with the whole Luna/ust collapse. Stable gains was advertised all.over reddit. they promised 15% interest. When the whole Luna debacle happened he tried logging into his account and got some bs basically saying - all funds were held in UST and now you're beat. And then they redirected you to some page that was filled with small print and said something about risk. Supposedly when he signed up they said that the funds were held in USDC, not UST. So he still thinks he's going to be able to sue them or some shit. Think he just hasn't come to terms with it yet..

rat_toy

can you post these emails on twitter please? AMC ctb exploded when they stopped trading them. to 300% CTB

coinfeeds-bot

tldr; <p>Also AMC’s APE-collapsing plans.</p> *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

bad-crypto-advice

There has never been any corruption in stocks either. That’s why I have my GME/AMC/SOL on Robinhood.

astockstonk

All of his money will be going to in GME and AMC now. He likes the stock

coinfeeds-bot

tldr; Tata Group is in final talks to buy majority stake in India's eighth-biggest mutual fund UTI Asset Management Co (AMC) from four state-owned financial entities, according to reports. Reliance Capital’s administrator informed resolution applicants that they will need to offer at least ₹6,500 crore — pegged as the threshold bid amount — to participate in the auction for the company, reports said. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

voicesfromvents

> It’s funny you dropped the “I’m not gonna judge” surrounded by all those judgements 😂 I know, right? I giggled too. > do something about the dark pools accounting for 80%+ of daily AMC/APE volume… Who cares? You and I aren't going to pull off any hot arbitrage in the 30 second PTT period before consummated dark pool trades hit the lit market and you can see the ticker action. There are reasonable criticisms of dark pools, e.g. the fact that they're not required to say which exchange the trade was conducted on or that they can wait until the next morning to report their trades if they conduct them overnight. That you have some tickers with DP action, however, ain't one.

ChonsonPapa

It’s funny you dropped the “I’m not gonna judge” surrounded by all those judgements 😂 do something about the dark pools accounting for 80%+ of daily AMC/APE volume…

Kengriffinspimp

The timing of their involvement and the arrest seem odd. Looks like the AMC/GME theory about tokens being used to short equity’s is accurate. When will Ken Griffin be arrested?

wenchanger

SBF would still be roaming around in the public had he not spoken about GME or AMC. Scam people of billions, that's fine. Expose corruption politicians and wall street, you're getting extradited bro.

JamesBondMI6007

I guess you’ve never heard of AT&T, Dish, Etsy, Dominos Pizza, Burger King, Overstock, Newegg, Shopify, Rakuten, BMW, AMC theaters, iTunes, Microsoft, Xbox, Playstation network… the list goes way on. But all of these companies accept BTC or other cryptos as form of payment. Doing five seconds of research could’ve saved you from looking like a rube.

hustlersambition9

Hope Sam the THIEF, exposes the Hedge Funds and Market Makers he was working for, with his fake AMC and GME tokens! 🤔

cubewc3

That are going to sell them for AMC and GME stocks :(

theteknolojist

I'm gonna say it again: Bitcoin and other Cryptos are just a backdoor outlet for Billionaire's to avoid paying taxes, and to generate revenue for further shorting stocks like GME, AMC and others. The Retail Investor is the one who'll get stuck when they crater, like Bitcoin has.

coinfeeds-bot

tldr; FTX-based synthetic stocks may have been used to "manipulate the price of AMC shares," according to a report. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. The report also claims that Gamestop and Tesla shares could have been manipulated. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

wakeupneverblind

I don't think it will get band. This is where they most likely launder money. Also its my money fk it if I lose it and if I win once I deposit my winnings (millions) in fiat the government will get its share. Let me do what I want with my money. Let me gamble I'm currently doing it with stocks and my AMC share are down big time.

Guru_Salami

Ftx was even selling fake AMC and GME shares, it was bucket shop

MelodysRose

Seems strange to solely mention AMC in the headline.. O wait it's thestreet. Nvm makes sense.

Sweeteclipse

AMC feels like it has some ways to fall still. It was hyped up over there on WSB and people basically fomo'd into it. Nkla feels more like a sound bet compared to AMC since electric cars will most likely be around for a while. But also I feel like the entire stock market has some ways to correct still, especially in the current environment Back in 2021, the thing about the stock market (and pretty much all asset classes) is that the environment was way different. When covid was on all the airways and Powell was screaming "Inflation is transitory" from the rooftops, the governments of the world was constantly printing money in the form of stimulus such as stimulus checks, PPP, unemployment income, etc. The economy was flush with cash and the fed lowered interest rates to near zero to encourage borrowing, which allowed people to take out nearly endless cheap loans. That helped to prop up the everything bubble, but now that rates have risen and several measures have been taken to try to combat the inflation caused by the endless money printing and low rates, that's been putting pressure on risk-on assets such as stocks

Relative-Prune-3655

Sounds like a little payback from Wallstreet and the politicians for the reddit crew blowing up GAME STOP, AMC, AND BB. SOUNDS VINDICTIVE TO ME!

NoLe_Kazuik

He will never. AMC is competition to his wife's little company.

tylermm03

Even still the whole ordeal with GME and AMC stock back in 2021 is why I’ll never personally have an account with them.

Ragefan66

Again you're just some broke dumbass who's taking a wild guess. Considering your lack of financial success IRL (AMC stock bagholder🤣🤣🤣🤣🤣) I doubt you have any actual good information. Like you're dumb enough to buy AMC at the top and then continue to shill it for an entire year. I guarantee some broke college idiot who lost all their money on AMC has no actual information regarding who 'aCtUALlY cOnTrOllS FTX' Have fun being broke lmao. You're investing skills are almost as fucking terrible as your critical thinking/research skills. Keep being broke kid, great AMC investment 👍

NecroSocial

Your reading of my post history is a lil out dated... Been out of AMC with a profit since Sept. 2021. Pulled GME profit around the same time. Bought back in on GME with LEAPS at this year's lows (still green). Weed stocks have only ever been 7% of my portfolio. They're definitely eating dick though. However pot stocks are a long hold against potential for federal legalization, if I had the dosh I'd be adding to my positions there. As for crypto, biggest move I made in crypto was racking 30k when Shib ran last year and I've probably lost 5k-7k all together during the bear market since then (my CFD/shorting game was weak when the bear market first started). So I'm doing fine. Thanks for the concern. None of that changes the fact that you rooting against decentralized finance is like fighting against your own freedom. The central banks are pushing an Orwellian CBDC system. Crypto is the only answer to that system which will preserve people's financial freedoms. I'd ask that you do a bit of research into the matter is all.

hawkdog09

CNN, door dash, AMC, Humana, Twitter, Amazon. Those are all companies laying off major number of employees, all articles from the past hour. It’s not really wild, it’s just the typical market cycle

CatBoy191114

> I fully realize there are many that cannot forgive Robinhood for halting trades on $AMC, $GME and some other stocks. I might feel the same if I had lost money due to the events. Shocked pikachu face moment incoming when they do something like this again. Reputation is everything, and Robinhood's is about as bad as it gets for a big player.

Wynslo

Fuck $AMC and $GME!

matt3pointOh

I’m fucked. At least I’ve got GME/AMC‽︎ I feel stupid as fuck right now. 🤷🏻‍♂️

lordofming-rises

One AMC and one APE for shit and giggles... I guess I am really bad at investing. -60% on it since 2021

PersonWhoThinks

Not selling AMC at ATH on btct.co when my position was 175 BTC. Rug pulled days later. I ended up with only 5BTC and invested it all in Mastercoin (OMNI) exodus address, and that Mastercoin or do they call it Omni now is fucking worthless. Then sat out of crypto all of 2014-2021.

Goodstuff_2021

Yes ….wait for AMC stocks to go up 🆙

aznStone

wait few months when the FOMO dies down. just like the AMC NFTs. who is paying the spidey nft now??

Harmonic_Strategy

>I want to thank you for a thoughtful discussion. I really appreciate your replies. Not too often can I receive a valid perspective with good ooints being made. Same to you! This has been fun and engaging. >I would argue, we have done exactly this before the 2000s and been plenty fine in the long run. This is a rather central disagreement between us. I think that recessions, while a healthy and normal part of the business cycle, can also lead to massive suffering and political instability. Hence policymakers should manage the fallout and stabilize asap. Like we tried not managing the great depression and it was *terrible*. I'm not sure what more I could say on this. >just poofed money into private individuals accounts Corruption is bad and if businesses misused that money, that should be investigated. But giving people unemployed people an income is good for the economy, they spend all that money which helps fuel local business. We do it anyways, covid was just a lot more. Covid without subsidies would have been **great fun**, eh? >how is the risk apparent (rather quickly as well) in a m1 scheme but not in m0? Invalid premise. There were no major problems with mo (other than moral hazard) and m1 as you call it. The risk of shit-tons of people being unemployed, unable to work, stuck at home angry is **very** apparent though. A lot of democracies fell to Communism or fascism through basically this process of economic collapse throughout modern history btw. >While increasing M0 supply has had little Tangible effects other than keeping bankers from being held accountable Economic meltdown is really bad, see my previous comment about our fundamental disagreement here. I just think overall that you really need to defend why the 2008 crash would have been better for everyone, had it actually been 100x worse. >We just started QT, so the question is, where did all the bad paper go that rising interest rates will start “calling” this bad debt? Your premise seems totally disconnected from anything I've read about this. Loans to businesses that went bankrupt have been handled already. Most of the money was supplied directly to people via subsidies , not loans. That has already circulated throughout the economy through normal business and stuff. Do you have a legit source? (No zero hedge please) >I’m more worried about bad inflation than inflation itself. Inflation isn’t always a bad thing. Is inflation from sending murder robots to kill enemies in far distant wastelands 'good inflation' ? What about sending mosquito nets to African villages? I don't really grasp your good / evil inflation concept. Inflation is just inflation no? >Well my theory is we will find out exactly what that is soon once these companies that got these products dumped on them realize they can’t service their loans due to these holes created by the same banks we propped up The world is not crypto. Stock market and commodity trading regulations are a thing. I think you're extrapolating crypto disaster / liquidity risk to the real world economy without taking into account the greater regulation that dirty fiat central authorities can enforce. >The ocean of easy money dried up and we saw just who was swimmming naked in the crypto space. This will continue to happen all over as rates rise The first sentence makes sense to me, not so much the second. Crypto is just filled with ponzi schemes and scams. You can't really compare it to stock in a company that produces and sells grain or railroad engines (although GME, AMC do blur that line). Crypto is uniquely and tragically malovolent towards the average investor. Sharks swim in the deep sea. >My question is, with all this bad debt and no way to truly know if the fed absorbed it all(which is another problem if they did). Who else is going to called if rates rise and hold even longer? Anyone who was making stupid bets with free money. This includes most of venture capital speculation, but probably / hopefully also entire departments at FANG like metaverse. It isn't necessarily all crypto, just those who were recklessly gambling on obscene leverage or stupid products or both. Probably btc and eth are fine but a lot of these embedded ecosystems are toxic nonsense. Some will go under just because lower price = lower fees, even if they played it safe. >. I mean we saw the worst inflation on record from just shifting the same policies form m0 to m1. Where the hell did that risk go from m0? >To me it seems like your argument tends to downplay that risk of not existing or being very little. Covid, suez canal, and now war in Ukraine had a little to do with that inflation. Along with tax cuts and other fun fiscal adventures mentioned above. >The FED painted itself into a corner. They probably should have raised rates a lot more for sure. Despite independence, they do face political pressure not to hurt the economy, which was probably too soft. >What these people fail to explain to me is how did we de-risk? I would like to challenge you to to find a single scenario in the past 100 years where someone successfully de-risked without putting their risk on someone else. The government basically bought all those subprime mortgages through TARP. They injected capital to the markets through QE. TARP removed the stuff at the heart of the problem from the market, which eventually recovered in value and was collectively profitable for the govt (icky but necessary, like a temporary nationalization of trash loans). The QE solved the trust and liquidity issues which stopped the economic collapse. Now those mortgages have been properly valued, and there are new rules (dodd frank) and new watchdogs (cfpb) to prevent that situation from recurring. The problem wasn't just the loans, it was the house of cards built on top through opaque and poorly understood, risky products (which were then collateral for yet other investments).

Even_Nefariousness39

I’m a shill because I see the obvious? That’s the problem with you guys. You take anything that isn’t sucking off GME as a shill. And you legit said nothing here. And you haven’t read anything I’ve said. It doesn’t matter if their supply is going up, supply was never their issue. Their issue is that nobody gives a fuck about GameStop. And yeah they have 2 years until they run out of cash at this rate, which is going to happen. They have shown nowhere that they’re doing anything to turn a profit. Maybe I should’ve reworded that. They are going to go into debt, does that work for you? GameStop was undervalued back when this whole saga started. And it was being shorted. But you guys haven’t seen the obvious yet, that the squeeze is done. You missed the boat and are left with the bags. Just as delusional as BBBY and AMC holders. This is going to look just like Volkswagen in 10 years.

Chuth2000

Following the AMC strategy. Bankruptcy delayed.

hustlersambition9

I guarantee you, if he decides to come clean, about the people who paid him $4 Billion on 1/28/2020 to launch Tokenized Securities for GME and AMC, at the peak of the meme stocks squeeze and forced him to buy 30% of Robinhood, he will not leave the Bahamas alive. Mark this post.

BrewerfanBK

Just like stocks…how doesn’t like a good old pump and dump. Reminds me the time an hedge fund that was deep into AMC / GME pumped a dead stock such as Sears holdings for liquidity…

hippest

I hear AMC is looking for a partner to create blockchain movies. Or was it GameStop? /s Gamestop still has a bunch of capital and nothing to spend it on, right?

AA525

If LTC and XMR are “blue chip cryptos” then GameStop and AMC are blue chip stocks.

One_Let7582

My thing is how can you trust a government with crypto regulation if FTX was donating to dems and rep. So they were happy to take the money, but none of them looked into how the money was generated? Also I'm saying a pattern with the SEC that should be addressed. People were complaining about Madoff to the SEC and it was ignored until it was too late. How come the SEC can spot Kim Kardashian and brag about prosecution of her and give her a fine yet the SEC couldn't catch this? Binance had to expose this? Like what are the SEC doing to help retail? What is SEC doing with GME/AMC?

rossyban

The regulator is the same one watching GME and AMC getting nacked shorted as hell… And please don’t talk about Citadel…

Ardanger26

GME and AMC. Don’t forget to DRS

Monster213213

People will get involved In absolutely anything if they think they can make money…have you not been around the last 2 years. Shiba, doge, GME, AMC, anything starts pumping and people are IN They don’t care about this it’ll be forgetten in 3 years

Affectionate_Rest722

No, but I think we can agree crypto volatility compared to equities is not the same. Just like AMC isn’t BMY.

MirthandMystery

RobinHood has long conned young naive users that they’re for the little guy, hence the ridiculous sucker baiting name and UI based on gambling and video game apps. User positing and trade data is sold upstream to bigger funds who bet against them, paying RH for that access. RH shouldn’t even be around anymore but were bailed out during the AMC fiasco last minute because of a cash infusion from solvent banks to put it simple terms. They create their own problems when they allow users to be under capitalized and over levered- which they weren’t preventing, a classic brokerage mistake. There’s been previous incidents when they acted irresponsibly as well, the worst being allowing dangerous leverage as well, when users held XIV SVXY positions and were hit by a swift hedge fund bear raid on vol shorts, which blew up and damaged thousands of user accounts as well as hurt RH clearing house. They were nearly shut down after that bled over into the broader market causing massive losses and volatility. SEC being underfunded and understaffed didn't proceed with punishing the bear raiders, which many pros said was needed to prevent a repeat event. The AMC GME raids were similar in nature but more a function of a pool of individuals misusing their leverage to cause a similar outcome. TD Am and other banks don’t allow that type of blatant leverage. You might’ve brought that up because RH and they halted trading which is normal during extreme volatility events which clearing houses legally have to do, and in part to assure liquidity isn’t misused and counterparty positions are safely managed. When there s a massive raid these things get out of whack and ‘things can break’ leaving too much debt sloshed to one side with no solid guarantees of payment. Bad actors intentionally try to create this scenario with easy to manipulate, vulnerable sites like RH so expect more shocks ahead- this time with crypto as contagion risks grow, because naive users are mostly over-levered and trade like over emotional gamblers. At least options aren’t involved otherwise you can guarantee a bust out.

Alexberdyansk

He tokenized AMC and GME without permission from the businesses. He was selling securities not purchased.

Beall7

What? Robinhood is great now that you can take it off the exchange and Saylor just holds his BTC. People give Robinhood a bad rap for the AMC GME debacle but people tend to forget that other exchanges including TD Ameritrade did the same thing during that time.

1mz0

Didn’t Robinhood already have the issue back when the whole GME / AMC situation went and they had issues with liquidity? So people, after already seeing and suffering a liquidity crisis, run to the next farm over that had previously caught on fire to take shelter? 😂 this some wallstreetbets level stuff

bad-crypto-advice

Human nature is to cheat if it’s easier. This is not shocking. Just look at the GME/AMC shenanigans. It isn’t unique to crypto. Follow my advice and you could get out before everything crashes tho. That’s the value of a good crypto guru like me.

PathologicalUpvoter

Bankman-Fried: From Crypto King to King of Tech Bubble’s Losers Emily Nicolle and Katie Greifeld (Bloomberg) -- Few could have anticipated the sudden collapse of Sam Bankman-Fried’s multibillion-dollar crypto empire. Yet for all the twists, revelations and anguished Twitter threads, it’s a fall from grace with an unmistakable ring of familiarity. A week that began with two crypto CEOs tweeting barbs ended with the bankruptcy of FTX, one of the largest and most prominent crypto exchanges, along with around 130 other companies that it owned. The business had been trying to cover a shortfall of as much as $8 billion, with the specifics of its failure -- now subject to multiple investigations -- yet to be revealed. This much is clear: an intoxicating brew of easy money, wishful thinking and hyped innovation contributed to an implosion that while spectacular was also nothing new when considered next to scandals like Enron, WorldCom and Lehman Brothers before it. The particulars differ, but common to each were hubris, regulatory weakness and the realities of an economic cycle with plenty of precedent. “We’ve had an industry that was really built primarily on FOMO and easy money, and now that governments around the world are raising interest rates and that restricts easy money, you’re just surviving on FOMO,” said Hilary Allen, a law professor at American University in Washington. “It’s not as appealing anymore.” While blame is in no short supply, the arc of the FTX’s fortunes can also be seen as a garden-variety consequence of Federal Reserve policy. FTX, along with crypto itself and a host of other market gimmicks, from meme stocks to stay-at-home tech fads and special purpose acquisition companies, flourished as the Covid-19 pandemic spurred the Federal Reserve to cut interest rates to zero and leave them there for two years. Now, up against the Fed’s most aggressive tightening cycle in four decades, shaky empires are evaporating as fast as the liquidity that propped them up. FTX’s demise is a calamity, to be sure, unique in many respects, in which billions of dollars in paper wealth and trading profits are likely to be torched. But the failure of FTX is far less extraordinary when considered next to 11 months of wreckage in technology stocks and centuries of asset-bubble history. FTX’s scandal has notable parallels with what befell Enron. Both were led by messianic figures in Bankman-Fried and Jeff Skilling who dazzled faithful with feats of technical wizardry. Both bathed in near-universal adoration from the press and the financial establishment. Both also seem to have made basic financial mistakes in trying to keep the party going. The crypto empire reportedly allowed its balance sheet to rest precariously on a token tied to its own fortunes, hearkening to Enron’s use of its own stock to prop up its financing structures. In the end, a doomed hope that rising markets would hide mismanagement or outright fraud became the epitaph of a once-flourishing enterprise. When Bankman-Fried stepped down from his position as CEO of FTX.com Friday, his replacement was John J. Ray III -- the former chairman and president of Enron left to pick up the pieces of its bust in the early 2000s. The boom-overbuild-bust cycle looks familiar to Bokeh Capital Partners Chief Investment Officer Kim Forrest. It’s happening in the whole economy at the moment, but the tech industry is the posterchild, she said. Where is crypto in that metaphor? “Ground zero.” “I was a software engineer in the late 90s, I saw the excesses, ‘wow they’re hiring way too many people,’” Forrest said. “These companies had not been productive in hiring too much, not getting enough output and not showing the return of capital.” For its own part, FTX had raised around $4 billion in funding across its network of affiliated companies, which included Alameda Research, a trading house co-founded by Bankman-Fried, FTX Ventures and a separate exchange for American investors. While more spectacular, FTX’s collapse shares storylines with much that has gone amiss in markets and the technology space in the pandemic era. Besides its obvious resemblance to fellow crypto casualties Three Arrows Capital, the Terra ecosystem and Celsius Network, its demise was fueled by complacency and belief in its own genius that bears hallmarks of the crises afflicting Meta Inc. and Twitter Inc. at present. As far as bubbles go, few were as enthusiastically foretold as this one. Along with meme stocks, the crypto craze has been ridiculed by securities industry veterans almost since the moment it began, with the pitch of the critique growing along with the price of Bitcoin in 2020. Charlie Munger once said he admired the Chinese for banning it, while Black Swan author Nassim Nicholas Taleb likened Bitcoin to a “tumor.” They came off as cranks then. Now those predictions are coming true as the Fed tightens the screws. Meme stocks are little more than a sideshow, save for the occasional pop in the likes of AMC Entertainment Holdings and GameStop Corp. Highly speculative growth shares have crumbled, dragging Cathie Wood’s Ark Innovation exchange-traded fund -- one of the highest-fliers of the pandemic era -- to its lowest level since 2020. A bull market masks a lot of sins, only to be laid bare by a turn of the cycle. History is littered with such examples, perhaps none more famous than the demise of Bernard Madoff’s massive Ponzi scheme, which hummed along for at least 15 years before plunging equity markets in 2008 led clients to seek more withdrawals than he could accommodate. “You need to have a degree of volatility in financial markets because that will prevent overlevering and taking advantage of the system,” said Michael O’Rourke, chief market strategist at Jonestrading. “Madoff was only exposed because of the global financial crisis.” Even with regulation seemingly on the horizon for the crypto industry, the off-shore location of many crypto firms (FTX included) has left authorities like the Securities and Exchange Commission with their hands tied. Hester M. Peirce, an SEC Commissioner, said that questions around lack of jurisdictional clarity are “partly our fault” given investors and businesses had asked the watchdog “time and time again to provide more clarity about where our jurisdiction lies and we’ve not done so.” As a result, the financial playground that is crypto has been allowed to flourish with limited oversight. “There isn’t a holistic digital asset regime that is accepted globally, and that that creates massive opportunities,” said Jay Wilson, investment director at London-based venture capital firm AlbionVC. The cost is clear to Bokeh’s Forrest: this will happen again. The players and details will be different, she said, but human psychology will be the same. “People don’t change. People just don’t change,” Forrest said. “As much as we’d like to think we learn from the past -- we may learn not to invest in WorldCom, but we don’t know to not look for another one.”

colorado-14er

My luck with Cramer has been with stocks. He is almost always wrong but sometimes I believe he gets paid to say bs. An example, he claims AMC is headed for bankruptcy. Many of us are convinced he is biased towards or getting paid by hedge funds to get us to sell our shares. Ain't happening...

Killer_Stickman_89

Just like you all did after failing AMC and Gamestop