Re:GameStop Is Rage Against the Financial Machine
by xwdv on Wednesday January 27, 2021 @05:29PM
(#25935000)
This would be justice though. If you were in it from the beginning as a true believer you probably got tons of money. If you’re just chaser and bandwagoner coming in at the end you will be punished for your greed along with the short sellers.
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Re:GameStop Is Rage Against the Financial Machine
by jrochkind1 on Wednesday January 27, 2021 @05:46PM
(#25935215)
Why do you think those in it from the beginning are less greedy than those coming in later?
Re:GameStop Is Rage Against the Financial Machine
by xwdv on Wednesday January 27, 2021 @06:38PM
(#25935714)
Because at the beginning there is no evidence the plan will work, and you could very well just be blowing a bunch of money. It’s like the people who mined Bitcoin very early and stashed them in their hard drives.
Once the stock picks up steam though, it attracts people who purely just want to make a fast buck, and less true believers.
Re:GameStop Is Rage Against the Financial Machine
by jrochkind1 on Wednesday January 27, 2021 @07:21PM
(#25936262)
Oh, anyone now could very well be blowing a bunch of money too, of course.
But you think making a gamble that seems like less of a sure thing is less greedy than if you think it's a sure thing? The more of a sure thing you think it is the greedier you are? That's not really clear to me.
But maybe it's really about the "true believer" thing. You think people in later were only there to make money, but those in earlier were "true believers" in something other than making money? What? They also planned to make money though?