100% - zero sympathy for anyone "loosing" money here.
People need to assess these things and ask the age old question.....
If it sounds too good to be true, it probably is.....
Hawk Tuah
- Thread starter Ayahuasca
- Start date
100% - zero sympathy for anyone "loosing" money here.
People need to assess these things and ask the age old question.....
If it sounds too good to be true, it probably is.....
Caporegime
Noobs loose
I'd generally agree with the "you shouldn't be falling for this kind of thing" mentality, but I remember what I was like when I was young, and can 100% relate why people fall for this. The promise of a quick buck with a relatively small outlay is very enticing and will often override peoples' spidey senses. Now add in all the hype and promises and you can see why people fall for it.
I also feel for the Hawk Tuah chick, I guarantee she was also sucked in to this by those pieces of ****.
I also feel for the Hawk Tuah chick, I guarantee she was also sucked in to this by those pieces of ****.
I made a good amount of money from crypto. But it's all very regulated now.
I still think it's a good "investment" (pyramid scheme).
I've noticed even the stock market is meme central now. See it on the t212 social boards. People saying they bought this as they saw it on tick tok.
There's one stock called Quantum. It popped along with the quantum computing stocks. But it has absolutely nothing to do with quantum computing. Yet it's still higher than it was.
It seem like everyone is getting into it. But based on influences.
And people have no self control, that's the biggest problem right? People putting in more than they can afford to lose.
I still think it's a good "investment" (pyramid scheme).
I've noticed even the stock market is meme central now. See it on the t212 social boards. People saying they bought this as they saw it on tick tok.
There's one stock called Quantum. It popped along with the quantum computing stocks. But it has absolutely nothing to do with quantum computing. Yet it's still higher than it was.
It seem like everyone is getting into it. But based on influences.
And people have no self control, that's the biggest problem right? People putting in more than they can afford to lose.
Soldato
Made me laugh.
Don
I'm at a listed company that's tettering on the edge of bankruptcy so I follow the share chat and it's scary to see how delluded some of the folk are in there having sunk £10s of thousands and more into them thinking it'll be a quick buck and now realising they're in serious trouble.
Sorry. Meant hmrc are on it!
Absolute loons some of them.
"is this going to go up"
"I bought this because someone on insta told me"
"if I've bought one share and price goes up to this.. How much will I have?"
My favourite is the "you haven't lost money until you sell.. Hold, it will go up"
I can totally see why they added a social channel. Must bring in so many people
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Seems like its getting worse.
Crypto used to be niche and for nerds.
Now people think they need to be in it and it's guaranteed money.
To be honest if you buy some BTC history has shown it will be worth more in the future. With all the hype who knows how far it can go
I don't regret selling yet. But if it gets to a million a coin.. Then I might!
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Tbh could say the same about the US stock market, meme stocks everywhere and people seem to think it only goes up as well.Seems like its getting worse.
Crypto used to be niche and for nerds.
Now people think they need to be in it and it's guaranteed money.
To be honest if you buy some BTC history has shown it will be worth more in the future. With all the hype who knows how far it can go
I don't regret selling yet. But if it gets to a million a coin.. Then I might!
Man of Honour
She's going to jail, insider trading this public cannot go unpunished 
Caporegime
Exactly people see it as some sort of magical game when the reality is it is nothing more than gambling. As long as you are prepared to lose that money then go for it.
Do you think those millionaire receptionists at Microsoft knew what they were doing?
Soldato
I don’t think it’s a scam, it’s just the business model for this kind of adventure. Unfortunately many, if not most people “investing” in it don’t understand this.
Even with a legitimate company, market prices are very inflated at time of IPO and just after, due to the hype. Business insiders who are often the ones who venture capital the company, or put in the work, will be given shares for free or at discounted rates.
It’s on the understanding that a percentage of shares will not be sold, golden handcuffs, to keep the market value of the shares. While in some cases, more often now, those people will sell their shares to get their money for the capital/time that they have invested.
Just take a look at RPI’s IPO, lots of hype, lots of people buying just after IPO, then lots of selling off.
What makes meme stocks/coins different, is there are often “famous” people hyping… pumping up the value of the stock/coins… only to cash out and then tell people that they sold. When I talk about shares, I always mention if I hold any of them myself… and I give an idea what price or when I’m going to sell them.
IMHO the whole crypto market is BS, and no, it’s not that I don’t understand how it works, I can quite clearly remember talking about bitcoin over two decades ago with work colleagues, I just never believe in it.. it has appreciation value but no intrinsic value. Thou my sister’s neighbour is now a crypto millionaire.
For that reason, I never purchase any crypto nor do I buy shares that have just IPO’d.
As the book “random walk down wall street” says, if your local shop keeper is talking about the shares, it’s already too late. So the meme stocks and coins that are getting heavy adverted.. dude it’s already too late to get a decent profit.
Anyway, I do have an idea on how to actually get intrinsic value into a block chain ledger and cryptocurrency.. I may spin it up at some point, if no one else does it before I can be bothered to put effort into it.
Edit: the whole; you can buy crypto on the stock market and it’s now regulated isn’t true. You can buy shares into a company that holds crypto. Or you can buy shares of a mutual fund investment, where some or all of the fund is crypto… that is regulated.. but you don’t actually own the crypto directly itself. Just part of the company or the fund that owns the crypto.
Even with a legitimate company, market prices are very inflated at time of IPO and just after, due to the hype. Business insiders who are often the ones who venture capital the company, or put in the work, will be given shares for free or at discounted rates.
It’s on the understanding that a percentage of shares will not be sold, golden handcuffs, to keep the market value of the shares. While in some cases, more often now, those people will sell their shares to get their money for the capital/time that they have invested.
Just take a look at RPI’s IPO, lots of hype, lots of people buying just after IPO, then lots of selling off.
What makes meme stocks/coins different, is there are often “famous” people hyping… pumping up the value of the stock/coins… only to cash out and then tell people that they sold. When I talk about shares, I always mention if I hold any of them myself… and I give an idea what price or when I’m going to sell them.
IMHO the whole crypto market is BS, and no, it’s not that I don’t understand how it works, I can quite clearly remember talking about bitcoin over two decades ago with work colleagues, I just never believe in it.. it has appreciation value but no intrinsic value. Thou my sister’s neighbour is now a crypto millionaire.
For that reason, I never purchase any crypto nor do I buy shares that have just IPO’d.
As the book “random walk down wall street” says, if your local shop keeper is talking about the shares, it’s already too late. So the meme stocks and coins that are getting heavy adverted.. dude it’s already too late to get a decent profit.
Anyway, I do have an idea on how to actually get intrinsic value into a block chain ledger and cryptocurrency.. I may spin it up at some point, if no one else does it before I can be bothered to put effort into it.
Edit: the whole; you can buy crypto on the stock market and it’s now regulated isn’t true. You can buy shares into a company that holds crypto. Or you can buy shares of a mutual fund investment, where some or all of the fund is crypto… that is regulated.. but you don’t actually own the crypto directly itself. Just part of the company or the fund that owns the crypto.
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Because it’s plebs losing money so they don’t care.
if BTC crashed some of the stock market crashes with it, and apparently that's a good thing.
and dood above you trying to compare mem coins to mem stocks..... seriously? you realise how much regulation there is in the stock market right? and it's illegal to pump and dump a stock?
This Telegram Pump-and-Dump Scheme May Cost 15 Years in Prison
Four individuals have been charged with conspiracy to manipulate Australian share prices through a coordinated "pump and dump" scheme organized via the messaging app Telegram.
"Pump and dump" share ramping – guilty plea in $100 million share manipulation scheme
On 4 November 2024, the US Attorney for the Southern District of New York announced that Ronald Bauer had pleaded guilty to conspiring to commit securities fraud in connection with his role in a long-running “pump-and-dump” stock manipulation scheme. Bauer is scheduled to be sentenced on 25 May 2025
www.shlegal.com
Social media influencers charged in $114M ‘pump and dump’ stock scheme
The SEC alleged they reaped about $114 million from by using Twitter and Discord to manipulate stocks.
nypost.com
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Soldato
I'm not sure how much of a percentage BTC is of the stockmarket at the moment for it to to have a direct effect. But if BTC does drop, people who have shares in both the market and BTC, may start cashing in their normal shares to make ends meet or to buy more BTC, causing the market to drop futher.
Yes I know it's illegal to pump and dump a stock, but it still occurs.. it's only in cases where there's no doubt that it's been pumped and dumped were people a legally pursuit.
One of the reasons why musk had to buy twitter was because he pumpped up the price... kinda funnny pump and anti-dump.
You trying to tell me roaring kitty didn't come out of the gamestop raise and fall with a well tidy profit?
If you have a look at any financial vid on youtube, there's always scam comments about how their life changed by speaking to a person.. who are in no doubt looking to pump and dump some shares. There are always bag holders in every case where shares all of sudden drop.. heck my normal trading account is full of them as I've moved all my profitable ones to my ISA already.