crypto and all this China talk are just excuses to pump and dump for $GME
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Can you explain how this scheme would work?
yea they pump up the crypto prices, sell for profit...then dump those profits into other markets using as collateral to short GME further, preventing any GME movement
Why do they need crypto profits to short GME shares? They have already exposed they do naked short selling. Bitcoin is a different scam, GME shorting is a different scam. Both the chickens are going to come home to roost.
they need collateral to keep the price down
just a theory of mine...both stocks and crypto are money laundering schemes and you are right they will both be exposed.
"naked" in naked short selling stands for not having collateral. Its highly illegal. Its highly practised.
There are other ways too. They can use the retail shares held by the brokerage as a backing to fulfil a new order without actually purchasing it. They can use the same physical share for dozens of people who bought the shares.
This is why everyone who has GME must go and DRS (register the share directly) and obtain a certificate. Its already happening at historic levels and we are very close for all this to come crashing - GME will go to the moon, probably even escape the Wall Street and move to a blockchain based exchange.