The shorts in GME never covered. SEC said themselves Jan 2021 was buying pressure only not short covering or closing. The SI% when down on GME because shorts were moved to less visible place. First the swaps market which doesn’t publicly report anything because they are under the jurisdiction of the CFTC not the SEC. The other place shorts were moved where can see them is ETFs that contain GME and all meme stocks. XRT one of the ETFs has had a SI% between 400- 1200% since March 2021. (The second time GME ran from $40 to $350) until short close out or are liquidated then the squeeze hasn’t happened. The only difference between Porsche buy VW and retail buying GME is that Porsche understood their stock has to be registered in their name and not a brokers. Retail apes just figured out direct registration like 6 months ago but have been on a mad dash to lock up the float. Last earnings call GME reported 14,000,000 shares of the free float were direct register by retail so far. The squeeze is very much still in play and going to happen.
I'm a sceptical guy so (at first) I bought one share just for the memes. Then GME turned out to be a wild ride. Check this out: They said not to trust self reported short positions. Then this lawyer Wes Christian who's lawfirm represents companies that have been shorted does an AMA and states that for every client he had handled, those numbers have been BS. I thought that was kind of interesting. Nothing more than that but it was enough to keep me coming back to the sub. They start talking about how ETFs that included GME were being shorted as a way to further short GME. I thought that was total tin foil hat brigade stuff. Then the SEC report itself - the one on the GME January event - confirmed that the XRT ETF had been used to short GME. That was WTF moment for me. They said dark markets are being used to manipulate prices. I was doubting again (but maybe to a lesser degree haha). Then the head of the NYSE says the non lit markets hurt price discovery. That gets followed up the head of the SEC (Gensler) coming out and officially stating that over 90% of retail's market orders get sent to these dark mark instead of lit exchanges. They then start talking about how DRS shares will help prevent manipulation. Now this has not been proven true or false but I can tell you that (for now) as the percentage of the free float that has been DRS'ed has grown, so too has the disparity between AMC and GME increased - previously they were in lockstep. Maybe that is just coincidence but these days I'm paying attention to the popular suppositions of the GME sub. That said, I definitely don't know how these markets work. All I can confident tell you is that algo trading is king, SEC fines are usually just cost of business, and TA is like predicting the weather.
I never bought a single thing just because of the hype or whatever. If I like what I see when I do my research and if I find it useful I will invest, definitely. That won't guarantee that you will be 100% successful and I believe that we all made shitty investments from time to time. I made a mistake with RVX it's dumping constantly and I sold my bag as soon as I realized that they probably won't deliver. As you said, OP, I stopped believing in it... On the other side, I still believe in XRT even if the price could be much better. I also don't have plans to give up on QTZ and UNQ as well, especially because Unique Network won the parachain slot on both Kusama and Polkadot. I like to compare this to spin fishing or fishing in general. If you don't trust your bait, you won't be catching a damn thing. It's the same with gains in crypto.
Are you saying XRT can have different values on different sites?? Cause that seems insane. The graph on Kraken for XRT was up in the hundreds when they started trading a few days ago, which also seems weird. I don't get what is happening, were the prices on Kraken a few days ago legit? Cause I missed out in that case :( Maybe it will go up again?
Long gone are my days with XRT. Awesome project but price hardly reflects. Still a very bright future ahead so I'm keeping an eye on it. My interest still remains in those techy projects and with web3 coming to light I'm getting more AIOZ, ARGO, OCEAN to boot.
I want to get more FWT and XRT if I get a good chance. My focus is mostly on YLD because I need more of their tokens to get better APY on my stablecoin staking there. I am double-digit right now but the maximum is 18%, which is pretty much decent IMO. A lot of people started staking there lately, more than 50M YLD are locked and about 75% of the circulating supply is on the platform. Can be helpful during this crash. I think that DOT is on a good discount as well. Bagged some under $20 and will get more. Planning to participate in Unique Network crowdloan that should start in Q1 and help them to become a parachain for Polkadot. Tried to mint an NFT on their testnet today and it was pretty much easy. I think that the whole NFT space will be able to benefit from UNQ in the near future. That's the first NFT chain for Polkadot, actually.
You're right. What if I told you that much more information has been uncovered, and there was something we can actually do about it other than "occupy Wallstreet" and get laughed at? By direct registering shares, it pulls them from the DTCC and prevents shares from being abused by market makers. People are trying to DRS the entire GME float which would immediately expose any counterfeit shares. ComputerShare, the direct transfer agent for GameStop (and pretty much every other major company), has done multiple AMA's on SuperStonk, and have made big changes to help accommodate us specifically. It's actually wild to witness in real time. Just last week, Apex Clearing (who turned off the buy button on many different brokerages), started reversing shares in IRA accounts that were direct registered through ComputerShare. They're squirming, and it's fascinating to see. Then there's ETF's like XRT with over 700% short interest. They're panicking and it's showing.
ETFs and Indexes are great! There is some type of fund for every aspect of life, pick an area you know a bit about and I’m sure there are all sorts of funds containing exposure to many stocks in that sector. Personally, I like tickers SPY and TQQQ for general marketwide exposure and long term growth, but then I also like Ticker XRT, which according to fintel has a short interest of around ~200% (holding this short term until it pops, then dump)
So what do you think those contracts expiring worthless is going to do? Also, if hedge funds can hide SI so easily, why is it reported so high on XRT? Also, why do you believe the XRT SI numbers publicly available, but not GME? I think if you unplugged from the Superstonk echo chamber and actually thought critically about what you have been led to believe, you will realize it is mostly delusional gibberish meant to keep stringing bag holders along.
Puts and shorts are not the same thing lmao. GME isn’t even in the top ten stocks held by XRT, so even if that squeezes I doubt it will have much impact on GME. Maybe you all should be trying to buy XRT and force a squeeze there?
XRT is a gme holding ETF. Its over 500% short right now according to public data. You'll find this is true of most gme holding ETFs. This change happened in line with the drop in short % on game shares directly. Also look at the put heavy options chains. January alone has puts accounting for more than half of all GameStop shares at a $5 strike or lower. There is clearly a large number of shorts in this game and they want you to think the interest has dropped away.
Derivatives are not dollars, they are derived assets given a valuation that is not necessarily supported by the under lying assets. (XRT short interest anyone?) If there was a mass exodus from the derivatives market many people would lose their ass because the liquid currency available is far less than overall valuation of the market
Contrary opinion here. Read about the etf XRT, it's on the threshold list already. Wut mean? Super-manipulated. The SEC is actually trying to slow all of this shit down in order to protect the little guy like you and me. All of these ETFs and derivatives and whatnot is for wall Street to make money. Who pitches the agenda? The Crypto media. Who owns all of them? Wall Street. Crypto started off on purely libertarian ideals. Sadly nowadays people have become so misled that the lines between libertarian and wall Street agenda has become blurred.
DOT is gonna be at 3 digits soon. It's my no.1 for 2022, mos def. I also think that UNQ will do a good job next year, waiting for the token sale to grab some. It's the first NFT chain for Polkadot and Kusama. Still have high hopes for XRT as well I think that they can reach ATH again, it'll be hard, ofc.
Yeah, I'm really surprised on how they just went off radar. XRT is AI/Robotics yes, they were working in collaboration with Microsoft on a project called "Smart Cities"; I'm sure that's still on in the background low key. I've had OCEAN a long time, FET is solid but I was limited on cash so I went with low cap ARGO. Didn't consider ROSE🤔. I like these techy projects, Added AIOZ last. I believe they are the ones that will stand the test of time.
To be honest with you I see nothing undervalued about ADA because keeps dropping now and then, if you are talking about undervalued projects then you should mention DAFI protocol, RAMP, CERE, and XRT. these projects still have a lot to offer to the industry than ADA
IOTA is a top project, it used to be one of the very popular projects back then. I wonder what happened, I guess it slowed down. I don't know much about XRT except it's about robotics. I have been in FET, OCEAN, ROSE for some time now.
This is very correct because I've been a fan of diversification of tokens, recently bought from NFT to P2E and some coins like AIOZ, SOL, DAFI protocol, RAMP, XRT. This way I'm certain my wallet will remain healthy
I might be able to mention a few which are AIOZ, RAMP, DAFI, CERE, DIA, XRT. These are altcoins I know will be very bullish come 2022. Another way will be to stake now for some nice passive income which is one of the features RAMP offers.
XRT price action baffles me a lot. Should be way more higher than it is but clearly not appealing to people it seems. Marvelous project, literally inventing AI/Blockchain space. Speaking of DAFI, at first I didn't understand how it works at all, but seeing how Polygen partnership is playing out makes me more bullish than ever. Plus it's super cheap now ;)
This sums up a lot of projects out there, TBH...But I am talking about tokens with utility and a usecase. I believe patience is the key if you really believe in the projects you own. I have some stuff that hasn't pumped as hard as I wanted but I still have no intentions of selling those yet. FWT can do much better, DOT will be a 3-digit one, I am sure, EWT and XRT will both pass ATHs... Just stop overthinking and chill. There are more things you can do. Since I believe that this dip is over I will focus more on finding new stuff to invest in and participate in cpl of sales if I'm lucky. The next one will be Unique Network one, NFT chain for Polkadot.
I have my long bets on CARD for Web 3.0 and content creation/rewarding users, and XRT for AI and robotics on the blockchain. Having also ETH - it should go way higher with 2.0, BNB - token burn, I don't think CZ will give up that easily top 5 places, and UTK - for payments, this one can still produce at least 3x from here.
Reading this just gave me more reasons to buy coins when they are still undervalued and held for as long as possible. Coins like INJ, XRT, DAFI are all still undervalued now and the best time to buy DAFI is now especially with the staking V2 pool going live on polygon, project is showing some bullish signs.
Yea I have a bunch of great shitcoin projects with potential. Only the cool sounding ones with a sweet logo and website actually do anything. Can someone please buy and shill Modefi to make me some money? Maybe DIA as well. XRT has a cool logo, cool name, great idea, potential parachain, and it does nothing. I put a lot in there and lost a lot.
DAG when it was an erc token. Missed the mainnet swap. Lost 100%. Lost 98% on Open Protocol, Hydrogen, and Endor. Lost 50-60% on Origin Protocol, Modefi, XRT, ALN, and recently 90% on GRO. There are others on a ledger I have from 2018 where it would cost way more in gas and fees to sell them. So they sit, forever. That is my shame wallet. But I did a 10x on a large purchase of Kadena, 10x on Secret, over 10x on Ren, 9x on FTM, 35x on QNT, and a ridiculous amount on ETH when I bought a lot when it was only $80-100 during the darkest days of 2018. Bought a lot of BTC that same time at around $3k per coin.
That depends on what are you investing in right now. I won't be buying BTC right now or ETH, I got those when they were around 2k and 33k. But I would invest in something that is not yet pumped like OCEAN, FWT, XRT...
CARD - Web 3.0 dapps platform, payment service, content creation and rewards. XRT - IoT on the blockchain. UTK - another crypto payment service. DOT - connecting different projects. Those are my picks. Good luck everyone, we deserve gains in q4.
Here you have more concepts and pretty neat illustrations: https://ipfs.io/ipfs/QmRHvtsEViqHFN6Mt66p9o5MvvzB2H5uvfMTi8maAnLmfi There are different uses, it's pretty interesting: - Robonomics main goal is [to make robots part of the economy](https://blog.aira.life/the-first-in-the-economy-of-robots-6f4bb115643b). Examples of use cases: *Aira Smart building offsetting | DAO IPCI IoT connection | An example of the use of securities by robots. Service of offsetting the carbon footprint of smart buildings based on information about geolocation and power consumption. *Aira drone flight report | Distributed sky | An example of a service to save a report on a completed task. Service of public reports on completed drone flights. Allowing for machine-to-machine economical communication (this is, for machine to share certain information, it requires a variable amount of $ to allow access to it). - Devs in Robonomics can develop robots that a community can access through XRT. This would allow for specific price for a community to rent a drone that will analyse contamination in a river, in a city, etc. This could be programmed to be done in a region, in all cities, X times a month. Etc, etc. -Robonomics is also developing a competition to Amazon Web Services, but for IOT, and decentralized. XRT might be used for access to this network. -Examples of monetizing Boston Dynamics robots: https://robonomics.network/blog/monetizing-logs-of-boston-dynamics-spot-with-ocean-datatokens/ -There are more complex and futuristic use cases, like robonomics + kusama interacting with mars robots: https://www.youtube.com/watch?v=31zXeUq3htE&t=75s
when iit comes to IoT XRT is my fav, definitely. i also think that PLUGnet is a good investment sill. they have a lot going on behind the curtains and it's just a matter of time before that one pumps hard. launching their own blockchain soon and mainnet will be ready in Q4.
Try these on for size man. XRT, BBANK, STAK, SWFTC, KDA, HTR, BOSON, OCEAB, DIA, POLX, COTI, RAY, EWT. I've plenty more but this is a lot to read up on. Have fun on your research journey I'm in a few TG groups, it's where I learned about all the shitcoins im into. PM if you want to know them, otherwise happy hunting.
I'm prepared for downvotes because these aren't talked about on here much if at all...EWT, OCEAN, HTR, KDA, COTI, XRT, DSLA. Regret selling KSM at $12 and QNT at $80. Notndoing that again. I like buying my shitcoins sub 200 rank. There's tonnes of potential future gains there if you do a little bit of research
It's a big list...you'll have to research them all yourself I'm not detailing what they do. I spent countless hours reading up on these and lots of other useless crap before i invested. Youre getting a headstart already by being handed this list. I'll give you 10. That's plenty for now. In no particular order. KDA, XRT, OCEAN, EWT, MOD, HTR, MITX, PHA, SWFTC, DSLA
1000x is just too much... but i will be satisfied with 100x, for sure. i believe in all the projects that i have because i can't see the meaning otherwise. it doesn't matter if that's eth or dot as the "major" ones but i also believe in my lowcaps like PLUG and XRT.
Goforth of the University of Arkansas School of Law agrees that Ripple probably flunks the Howey test. “They own such a huge portion of the tokens, and have done so much to develop the use case and functionality of XRP, you have to believe that Ripple affects the value of the token,” she said. “If it didn’t, the suit wouldn’t have hurt the token’s price.” In fact, XRP lost three-quarters of its value over an 11-day period starting just before suit was publicly announced, falling from 59 cents to 22 cents. (Speculative surges in the seven months since have sent it as high as $1.80, but today it stands at 60 cents.) The security vs. currency debate Why, then, the outcry over the SEC’s Ripple action? It’s mostly because the SEC had seemingly shrugged off Ripple’s XRP for more than seven years. That long silence may well have led the company and XRP investors to assume—in the absence of any other XRP-specific signs from the SEC—that either the value of XRP tokens was deemed sufficiently insulated from Ripple’s doings to escape being considered a security, or else the agency had essentially grandfathered XRP in. After all, XRP had already been around for four years even back when the SEC issued its initial cryptocurrency-as-unregistered-securities guidance via the 2017 DAO report. (Asked to respond, an SEC spokesperson noted in an email that the SEC lawsuit claims that “Larsen and Ripple received actual notice in 2012 of the risk that the federal securities laws could apply.”) Outside of the SEC there seems a growing consensus that XRP and other major cryptocurrencies ought to be regulated as currencies, not securities. XRP is already treated entirely as a currency by regulators in a number of countries, including the U.K., Japan, and Switzerland, and is enlisted as a form of money by hundreds of banks, companies, and consumer apps. Even the U.S. Treasury Department considers XRT to be a currency. That determination came out of a 2015 run-in that Ripple had with Treasury’s Financial Crimes Enforcement Network, or FinCEN, which claimed Ripple wasn’t fully hewing to banking regulations. Under the terms of a settlement, Ripple paid a $700,000 fine and tightened up its bank-transfer operations. That settlement specifically acknowledged that in the Treasury’s eyes, XRP is a currency, not a security. It’s a decision that wouldn’t have been binding on the SEC, but it certainly adds to the sense that Ripple might reasonably feel blindsided by the SEC’s sudden insistence years later that XRP is a security. It’s not just Ripple and its principals who have felt blindsided. In addition to the impact of the suit on XRP’s value, some 50 cryptocurrency exchanges delisted XRP or suspended trading in it. Many, perhaps even most, of the XRP holders burned by the plunge had never even heard of Ripple Labs, let alone intended to invest in the company. Or so, at least, plausibly claims John Deaton, managing partner at the Deaton Law Firm, who is representing some 19,000 XRP holders who are seeking legal standing in the SEC suit. “A lot of them knew just enough about digital currency to want to invest in the top currencies, so they bought Bitcoin, Ether, and XRP,” said Deaton. “They bought XRP to diversify, without knowing a thing about Ripple and its executives.” The SEC suit is seen by some as chilling to the entire cryptocurrency industry—an explosively growing and already deeply influential one, with the combined market cap of digital currencies currently standing at nearly $2.5 trillion. “The growth curves are crazy,” said Byrne. “One to two percent of the population holds cryptocurrency, but at current growth rates we’re not far from the day it’s 70%.” If the Ripple suit contributes to the perception that the U.S. government is unfriendly to cryptocurrency, a lot of valuable business will go elsewhere. It would certainly add to the already intense concerns over China’s hopes to dominate the global market via its central bank’s Digital Yuan, which China claims has already racked up more than $5 billion in transactions. “The lack of regulatory clarity in the U.S. is problematic for all market participants in the digital asset industry,” said Ripple general counsel Stuart Alderoty in an emailed statement. “This is not just a Ripple problem.” It’s hard to predict how the SEC suit will play out. Ripple is currently fighting it out with the agency in the U.S. Court for the Southern District of New York. The case is in discovery now, under a magistrate who has so far proved friendly to some of Ripple’s pointed requests—most notably the company’s bid to depose William Hinman, who was director of the SEC‘s Corporate Finance Division during the time the SEC was preparing to file suit. Ripple is arguing that Hinman had a serious conflict of interest, in that he was paid some $15 million while at the SEC by Simpson Thacher, a law firm that has ties to the Ether cryptocurrency; in 2018 Hinman gave an official speech declaring the SEC wouldn’t consider Ether to be a security, which helped drive the cryptocurrency to an all-time high. He left the SEC to join Simpson Thacher just weeks before the SEC filed suit against Ripple. Ripple has also cast an unflattering spotlight on former SEC Chairman Jay Clayton, who had himself in 2018 publicly stated that Bitcoin wouldn’t be considered a security, only to later join a hedge fund that had taken a large position in Bitcoin just before the Ripple suit was filed on Clayton’s last day in office. Meanwhile, the magistrate denied the SEC’s request to pull in eight years’ worth of the Ripple executives’ personal finance records. Whatever the ultimate court decision or settlement, the outcome is certain to impact the cryptocurrency world. The case is already turning up pressure on both the SEC and Congress to clarify the law and regulation governing cryptocurrency, particularly in terms of when a cryptocurrency is or isn’t a security. “We keep trying to shoehorn cryptocurrency into preexisting regulatory processes, when it’s abundantly clear it doesn’t fit well,” said Goforth. “We’re long overdue in fixing it.” The fixes are doubtless coming, but it remains to be seen whether any of them will happen in time to help Ripple and the XRP investors.
Loaned to Karura (Defi in the polkatdot ecosystem). For each KSM you got 22 KAR. Also loaned to Robonomics (XRT) who had an awesome reward. Normally you only get rewards if the project gets a parachain. But Robonomics decided that even if they don't win a parachain slot in the first 5 auctions (which they won't) you still get a reward (3.5 XRT per KSM). Bonus: XRT is already listed at 12 USD.
Ahahah RugProof , NO WHALE AHAHAHAHAHAH .Worst website in history. God shit damn there's a new bsc shitcoin sprouting every 5m in this sub. What happened to the likes of Crust, XRT, VRA, TRAC, etc??? Now it's all about safeshit , dogshit, pumpkinshit on BsC. . I'm not very communicative here, at all, but I did made quite some bucks with Crust network and I saw it here, same with Robonomics , but these days might be better just to shut it off, this is becoming a sub for people to dump their overbought bags
XRT is one of the most undervalued polkadot projects vying for a relay chain close with Gavin Wood and help build the ecosystem. XRP is an overvalued group of religious zealots. Who don’t understand the difference between a private company in a block chain. Who are happy to get dumped on regularly. Who invented flare to try to save them from their useless cryptocurrency. it’s a miracle hasn’t gone zero.