And on Scalable, there are no shortable derivatives 🥺
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@Tabularasa Phew, shorting this hot French fry stand is very dangerous
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@Benni-KryptoandStocks The first ones are already taking profits, after all
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@Tabularasa I think this is just a brief profit-taking move. It won't be long before it breaks the $30 mark.
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4Ano
@Benni-KryptoandStocks I still don't quite get it 🙈 So on Reddit (which I've never really used and know nothing about), there's a forum called WallStreetBets where people are coordinating to push this stock? But how high are they supposed to push it? To $30 and then sell everything again, or what?
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@Mcl1991 Right now, there are 12.5 million users on the WSB forum, and they’re all cheering each other on and showing off how much they’ve already invested in the stock. There are people there who’ve poured millions into it 🤯 There’s no real price target. You’ll find all kinds of estimates there, ranging from $30 to $300. Everyone is the architect of their own fortune. I always recommend setting a stop-loss and adjusting it regularly.
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4Ano
@Mcl1991 Did you catch that GameStop thing back then? It's the same principle. In true Robin Hood fashion, small investors want to drive short sellers into ruin by investing in just any stock.
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•4Ano
@Benni-KryptoandStocks Okay 😄 That's really just wild speculation. I'm currently thinking about whether I should get started with a small amount. But doing it overnight would probably be too risky for me 😄
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4Ano
@Lorena I've only heard about it in general terms. I wasn't involved with the stock market at all back then 🙂 but I know it was basically the same process
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•@Mcl1991 Yeah, think it over carefully. You could lose everything if you get out too late, but it could also go up 5x or 10x. The important thing is to set a stop and not let yourself get worked up, even if the price drops suddenly. As you can see from the chart, it usually keeps going up again until it eventually reaches its peak and then plummets into the abyss.
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•4Ano
@Benni-KryptoandStocks Yeah, I just saw that 😄—it dropped from over €26 to €22.30. I think I'll take a closer look at WallStreetBets first and maybe jump in tomorrow. Thanks for the info ✌️—I hope you make some good profits on this 😄
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