| Author | Source |
|---|---|
| u/rensole |
Good Morning San Diago,
I am Rensole and this is your daily news.
Does anyone smell that?
insert flashy intro card
Intro
Due to what weâve seen occur over the past weekend we are expecting a big influx of new members. Iâve seen threads from r/CryptoCurrency and other subs finally catching on that the behavior we have seen recently is far from normal.
For the people who are not familiar with the situation itâs fairly easy:
Market makers/brokers/ idiots involved with stocks have abused cryptoâs in order to stave off their margin calls, they did this by pumping up lots of low cap cryptoâs so they could show they had enough liquidity they would dump it, in order to have profit to redo their work again and again.
Effectively digging their own hole deeper and deeper.
So for the new apes joining, welcome to the jungle!
Also because some people did not read it, there have been some updates to the sub a few days ago u/redchessqueen99 wrote up a thread about it and be sure to give it a quick look to make sure youâre up to date.
https://www.reddit.com/r/Superstonk/comments/nilq5f/the_great_ape_updation/
WO IST MEIN DEUTSCHE MARKT?!!
For everyone wondering WHY IS THERE NO GERMAN PREMARKET!!!???
itâs due to Pentacost, itâs a christian holiday so the german market is closed today, so expect the pre market volume to be even lower than normal.
Official AMA- Lucy Komisar Today
for the most up to date information regarding the AMA check out this thread
It seems the apes were early, but not wrong
MARGIN DEBT AT ALL TIME HIGH
This week is the week were the CEOâs of a lot of major banks has to appear before congress⌠not entirely sure why but I remember there were a lot of this happening post 2008 crash stuff.
There is a thread about it here which goes more in depth then I do.
May 26 at 12:00 PM ET: The Subcommittee on Oversight and Investigations will convene for a virtual hearing entitled, âConsumer Credit Reporting: Assessing Accuracy and Compliance.âÂ
May 27 at 12:00 PM ET: The full Committee will convene for a virtual hearing entitled, âHolding Megabanks Accountable: An Update on Banking Practices, Programs and Policies.âÂ
Today is the dayâŚ. againâŚ. part 10
So letâs look at a couple of indicators
this thread by u/jealous_squash_1031
this was one of the indicators Dr. Burry used
đđđ
Just to go off of indicators⌠this looks like a huge market crash is coming very soon, not âBlizzard soon tmâ but actually soon.
We have seen a lot of new rules get passed very fast recently, we have seen banks and hedgefunds burning the midnight oil and on weekends, we see every possible indicator possible pointing to a market crash (even crypto is being cashed out because they need money)⌠this is the stuff hypothesized would happen for a long time, and now itâs here.
To the Crypto gang just joining us, welcome, if you guys need help feel free to help in the daily thread, apes like to help with anything đ
EXCELLENT!
Be friendly, help others!
as always we are here from all different walks of life and all different countries.
This doesnât matter as we are all apes in here, and apes are friends.
Doesnât matter if youâre a silverback a chimp or a bonobo.
We help each other, we care for each other.
Ape donât fight ape, apes help other apes
this helps us weed out the shills really fast, as if everyone is helpful, the ones who arenât stand out.
remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals.
There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
We donât care, just be nice and lets make this community as Excellent as we can!
Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if youâre dating and you wanna get to first base.
Remember none of this is financial advice, Iâm so retarded Iâm not allowed to go to the zoo âcause theyâll put me in the cage with the rest of my ape brothers.
If anything happens throughout the day we will be adding it here.
backups: