this post was submitted on 19 Jul 2024
451 points (99.8% liked)
Lemmy Shitpost
26909 readers
2356 users here now
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means:
-No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.
Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
Reach out to
All communities included on the sidebar are to be made in compliance with the instance rules. Striker
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You are using big words to try to sound smart, without understanding the specific details of the situation. There's more than one group of "rich people" trading in the early market. Some are buying and others are selling. They are just moving money back and forth within the same "class" (as you understand it).
The other guy is wrong because in a situation like this there are very few buyers in the early market. He focuses only on the "rich" buyers and ignores the larger group of "rich" sellers trying to get rid of their shares. It's much more likely that most "rich" sellers waited until the market opened because they didn't want to sell while it was thinly traded.
So if you care about "classes", the "rich" generally lost money because the company they already own went down in value. Maybe a few people bought at the bottom and sold when it went higher, but that was neither a large percent of "rich" investors nor a guaranteed return.
I'm explaining it to you because the other comment has a low level understanding of the specifics, while you admit you don't understand. It's more dangerous to think you understand something than to know your limits. I can trade in early / late markets but don't because they have no one else there. The market has few other participants and that makes it too choppy.
I use my words to communicate my thoughts the best I can. If you think you can read my mind and tell me otherwise then I believe you don't understand how reality works on a very basic level and thus your assessment of reality is worth very little to me.
If you want to teach me something you can prove it by linking me something verifiable. I'm not trusting the word of someone who thinks they're psychic.
I don't hold out hope for your reply, sorry to say. You went on the offensive so fast and I'm not being terribly friendly about it, so I doubt you'll change course.