I understand the idea that there is a massive short on GME, and that it will (eventually) cause an even-more-massive 'short squeeze', sending prices 'to the moon'.
What I don't understand is how that translates into an actual financial benefit to (real) shareholders - because of two 'holes' that I see (as an amateur).
The 'near infinite' nature of the debt seems to allow for two scenarios that may be 'the first of their kind'.
First - What's to stop the 'big guys' from simply 'erasing' the transactions that say they have a short position? If they 'own' the markets, can't they (in a big enough emergency) simply scrub the books? (Of course I know this would be 'illegal', but what's to stop it from happening?)
Second - If the loss to any one entity is large enough, what's to stop them from simply declaring bankruptcy (or some similar 'out')? How would you 'recover funds' from an entity that is no longer in operation (and/or doesn't have the 'infinite assets' that would be required to cover the new 'to the moon' price)?
White Hats - the fact there is pattern representing big upside wave (forming since Nov 2021) is telling me they are in control over markets. It is inevitable. I think they would do some fuckery if they could.
greeneggsnham answer pretty much
ad 1) Look at
a) ETHUSD daily chart 26th June 2019 to 20 July 2020
b) AMC 2nd September 2020 to 22nd Jan 2021
c) There are mooore of them, you just need to look, happy winning :)
And compare with GME daily 23rd Nov 2021 until now chart. Can you see it? It´s base of the BIIIG wave (variations exists).
WTF does any of that gibberish mean?
See folks ... this is the kind of bullshit I have been talking about here. There are some GME touts who push nonsense. Don't know if this poster just cut and paste from somewhere else or made it up himself, but it is nonsense.
WTF are you talking about? Since NOV 2021, the market has been in a BEAR market. No "big upside wave." Having said that, I do see a bullish move that started a few days ago. Whether that is nothing more than a rally within a bigger bear market, or if it is the end of the bear, time will tell. But there is no upside pattern since NOV 2021. It is just the opposite, in fact.
"Mooore" of what exactly? More bullshit? You didn't say a damn thing that can even be discussed. Just gibberish.
This is the type of bullshit that comes out of the GME touts on Reddit.
Base of the wave. You didn´t look and didn´t compare two charts.
Mooore of those patterns. Even gold monthly chart years 96 to 2002.
LOL.
Gibberish.
Interesting.. you didn´t even take time to look and you call it gibberish. I could see dumping oil into negative or gold moves 5 months ago. Here
https://greatawakening.win/p/141ra5EusT/x/c/4OUf88M2Ac7
and here 3 months ago
https://greatawakening.win/p/15HIFP0HTx/x/c/4OVycIMi7Bo