As Erdogan's rate talk fuels forex demand, the Turkish Lira sinks to 17 Dollars

Started by OZER, Jun 08, 2022, 10:37 PM

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I had about 50 cents in LUNA when the collapse happened. I remember opening my crypto app, seeing LUNA -92% and going quotlol wtfquot

Lol just because Jpow said it's not transitory, doesn't mean all inflationary pressure isn't transitory... Transitory supply chain related inflation is going to recede to natural levels.



Congratulations. Have you guys learned to not invest in shitcoins amp diversify?

Five dollars for gas always runs the economy in a ditch. Easy to see. Bankrupt companies next year.


Hey man, I just wanted to say that I really love your threads. You provide great content while not using asinine methods like click-bait titles like Jake Tran does. I wish you success in all your endeavors.




Just a few weeks ago he wanted to overpay for Twitter by $20b... now he is saying this? What is the credibility of what the CEO says when his ability to forecast his own business is not even 2 weeks out?

Tbh, I think the collapse is a good thing for speculative markets. Hopefully people will learn from this as putting money into such a firm is an obviously naïve thing to do. Normal people need to stop acting like they actually understand how finance works and put their trust into banks and hedge funds who hire professionals who actually know what they#39re doing and have massive liquidity behind them.brOver-valuing stocks from the public is becoming a huge issue and there#39s going to be massive consequences. That#39s the other side of the same coin - the coin being uneducated amateur traders trying to screw with the market for a quick return. Look at what happened with GameStop. Average people lost their shirts over it when it inevitably crashed and the only narrative we got is that they somehow quotbeatquot the hedge funds that bet against Gamestop. The hedgefunds that continue to survive and make money, aren#39t doing anything bad in the first place and are actually play a vital role in balancing the value of instruments.  These quottradersquot are setting up other companies like Tesla to fail, also.

At least we dont have a racist Russian kgb spy in the White House am I right?