I thought that sort of insanely steep sudden price decline was the province of retarded "crypto" shit, and in fact was proof on its face of what a fucking joke "crypto" is in the first place -- since "crypto" is fake and gay and not tied to anything in reality (so it can experience crazy price swings like that), unlike stonks issued by real major corporations, which are real and not gay and tethered to our actual real world existence (so they can't and won't)?

Was this like, a *particularly* bad earnings report?

Did Chuck get drunk and lose a bunch of property or something?

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055031)

Stonkmos?

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055059)

Damn. Were we even warned that this could happen?!

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055066)

Shit, is that, like, legal?

I'm a total retard who fell for the "crypto" scam and then watched my foolish investments plummet in value as everyone laughed at me when that got revealed to be a fraud -- can someone who is really smart and sidestepped that dumbass midwit trap and instead wisely invested their money in "Charles Schwab" stonks ELI5 how this is even possible?

There should be a law against this -- you guys definitely don't deserve to suffer like this, I mean, you did it all right!

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055075)

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055082)

Holy shit. This is insane.

Did Drumpfth have anything to do with that?

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055085)

I, too, am prepared to increase federal funding to the ADL until we figure out what's going on here.

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055179)

xoxo

hth

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055074)

"Uh, look bud, you lost 90%, big guy -- meanwhile I *only* lost 30% (so far, overnight). That means you're a retard who fell for a Jewish electronic numbers scam, and I'm a smart and made prudent guy who wisely intelligent investing decisions. I win. You lose. Suck it. Math hurts, huh?"

Well I mean you can't argue with math haha! #winning

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055094)

Go ahead, me and TBF will wait right here for your response.

Lol at stockmos.

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055087)

I'm literally too gay and retarded at this point to even know whether this is supposed to be sarcastic or not.

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055090)

That said, Schwab is less bad than the worst banks because a bunch of the money is in retirement accounts, small accounts, or accounts owned by people who think money-market funds are risk-free. It's a steadier funding source than VC tech/crypto deposits.

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055088)

I'm gay

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055106)

(Stonkmo laughing at my pathetic cope about how SOL is ""going up" again when it rises from $18 to $19.50 after falling 90% from a few months ago -- and then turning around also viciously pwning me for making this foolish thread where I pretend that SCHW is "down," even though ackkkkkkkkkkkshually it's *up* 50 cents today! [Still down $20 / 30% from one week ago, but obviously that's totally different than all that stupid SOL stuff for reasons and we don't really need to get into that stupid boring shit.])

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055170)

Whoa there, bud -- a "banking crisis"? I don't know what you're talking about, but I'm asking how it's even possible that a real equity share in a real major company with real world products (not just making fake and gay Jewish internet numbers go up and down "brrrrr" like "crypto") can lose 1/3 of its value in a few days? That almost makes it seem like the price value of the stonk in that company is fundamentally untethered to the real world, and is literally just another form of degenerate Jewish gambling much like "crypto"... but we all know that can't be true, because crypto investors are total retards who fell for an obvious kike scam, whereas stonkmos are intelligent and thoughtful guys who make wise financial decisions based in reality. I mean, I've spend the last decade getting lectured about that over and over again by extremely smug stonkmos themselves! They would never lie or be wrong about that!

Anyway, I expect the kind of crazy pricing that were seeing on SCHW for "crypto," but this is a real equity share in a real major company with real world products! This is, like, *totally* different!

lol

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055191)

(Guy who blew me the FUCK out in this thread, as usual haha)

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055200)

Stonkmos? You guys OK?

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055121)

Wow this looks like a serious link, there are formulas and everything. Smart people shit IMO.

Does this link mathematically prove that it was ackkkkkkkkshually really intelligent and totally logical to invest hard earned money into this stonk that has now gone way down quickly, even though it was simultaneously super retarded and obviously gay to invest money in BTC because that also went way down quickly like a year ago?

And does it also establish that those were and still remain two totally and fundamentally different value propositions because the price of BTC has always been a totally fake and gay artificial construct fraudulently made up of imaginary Jewish electronic numbers, whereas the price of this stonk has always been a real and genuine phenomenon that is well-grounded in measurable real-world realities?

Please remember to use small words and short sentences when you answer because I am retarded and I can barely read.

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055595)

This seems antisemitic IMO, watch it bud

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46055609)

CR, assurances have been given! I mean, c'mon man -- you were CONSERVATIVE IN YOUR INVESTMENT DECISIONS!

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46057917)

The differences are that Schwab has access to more liquidity, most of its accounts are insured, and customers are less likely to withdraw their funds en masse like start ups being told to do so by their VC funders

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46057463)

By the way, I don't even know what you are doing - you swore up and down that Trump would never win and you were so sure about it that you promised with 100% certainty that you would leave the board if he did.

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46057581)

Yeah that's my point here, I think SCHW is worth waaaaaaaaaaaay more (since it's real and awesome and not fake and gay like "crypto"), you got me brother that was the subtext of this thread IMO.

And good point: I was famously wrong about one thing several years ago and therefore I need to shut up forever about everything since QED that means I'm never right about anything AFAIK (especially financial shit like BTC in 2013, TSLA in 2017, etc.) I mean, hey -- we can't always be 100% correct in our prognostications like, uh, Pumos!

Thanks for weighing in, Obeezy-alt! ;)

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46057925)

Also you shout about Tesla every day even though it is down 50% from peak levels. But I know, it's up 20x from 2017 so therefore we should worship you even though most of your predictions are incomprehensible rants which fail to make a testable forecast but demonstrate questionable understanding of matters as varied as financial markets, US politics, Russian war-fighting ability, or the degree of internal controls in place at pre-bankruptcy FTX.

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46062737)

Pumos after massive sudden drop in the value of ETH/BTC/SOL: "LMAO TBF just kill yourself already for buying into this obvious fraud that was based on fake and gay electronic Jewish numbers, holy shit how does it feel to be THAT retarded and lose all that money? PS Kill yourself."

Pumos after massive sudden drop in the value of [insert a large multi-national bank's publicly-traded equity]: "Oh wow, 'stonks' can go down sometimes, wow you really cracked the code. Fucking retard, that's not news, literally everyone knows that. Btw it's not even a 'loss' until you sell it. And it's also totally different from a crypto going down for reasons that are so obvious that I won't even bother explaining them here (because anyone who isn't a total retard knows them already). PS Kill yourself."

Wow, almost as if...

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46064911)

Crypto is still trash. It’s like investing in Magic cards or Beanie Babies except with less use value, more risk of fraud and theft, and a shorter track record. It’s also an unbelievably Jewish invention. Here give me your money and I’ll give you a token! Tokens are sure to increase in value! Why am I selling them so cheaply? Because you’re my good friend and I care about building the community!

You act like a hyper-intelligent skeptic and then fall for this transparent scam?

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46065603)

This would be devastating except for a few things:

1. Crypto is, objectively speaking, the single best and most dramatic wealth creation vehicle for anyone under 45 who has been investing in anything for the last decade. There isn't even a close second. And sure, you can say "oh yeah well that's all in the past it will never rise again" -- except that's been widely said what, 3 or 4 times now over the last decade? And every time it ended up being dramatically wrong? But sure, this time is probably different. Haha yeah.

2. I have spent every crypto bear market of the last decade getting RAILED by really really smart Pumos who told me I'm a fucking retard for investing in crypto instead of.... well, stonks. Because you see, the difference is that stonks issued by real and reputable companies are based on REAL WORLD valuations of REAL WORLD goods and services and REAL WORD profits, whereas crypto is just fake and gay speculative Jewish numbers that aren't tied to anything in reality. That's why Jewish crypto numbers crash so dramatically -- "Oh why is ETH down 30% today, TBF? Bad earnings call? Did 'ETH' lose 30% of its, uh, assets overnight? Haha faggot." Fair enough... except for some strange reason, turnabout ISN'T fair game when a bunch of those stonks issued by reputable companies suddenly come crashing down to the ground. Then, suddenly, I'm just a gay little faggot if I dare ask what happened -- Whoa, hey, so did Schwab suddenly lose 30% of its, uh, assets overnight? They must have, right? Because unlike my retarded crypto bullshit, Schwab is a REAL company with REAL goods and services and REAL profits so as we have heard hundreds if not thousands of times from really smart pumos over the last decade, its stonk price is tied to REALITY, right? Guys? "Shut the fuck up TBF you fucking retard this is totally different and no one wants to hear you talk faggot." Oh wow odd case!

3. "It's like investing in Magic Cards" isn't the devastating put down you seem to think it is. Here in reality, whether you like it or not, investing in Magic Cards have actually made a bunch of nerds very rich over the last 20 years, too. Might as well shit on stamp collecting and historical autograph collecting while you're at it. "LOL that's just an old dirty piece of paper, retard!" Oh damn good point I guess that Black Lotus will never sell for tens of thousands of dollars now, and that Mozart autograph will never sell for hundreds of thousands of dollars now, and that retarded little fucked up 150 year old New Guinean stamp or whatever will never sell for millions of dollars now, etc. I mean, a really smart guy on the internet said that anyone who gets involved with any of that shit is "retarded" and so therefore it's all just basically worthless, anyway. And let's be honest -- it's not stonks ;)

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46067289)

And Magic is fun as hell and I’m well aware of the price increases. My point is that if you want to buy something rare with no intrinsic value because it might go up in price for no reason, maybe consider something that is fun, has been around for more than 1 decade, isn’t a massive fraud, and doesn’t live on a computer and constantly fall victim to hacking, loss and custodian bankruptcy.

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46067459)

Fair enough, my well-documented financial idiocy has served me very poorly so far. Between going in on BTC in 2013, TSLA/ETH in 2017, and SOL in early 2020, it's frankly amazing that I can still afford to buy rice and beans at this point. Goddammit, why didn't I just invest in stonk!

Anyway, thanks for the concern, ((((Pumo)))) :)

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46067549)

Crazy response (sit down for this):

I don't actually have a fundamental problem with "stonks." In fact, I think they're a lot like all of the other classes of assets we've been discussing in this subthread -- potentially a solid avenue to build wealth, and potentially worth buying and holding over a span of years for their wealth-generating potential. Shit, as you pointed out, I actually own a few myself!

The difference between me and so many really really smart XO Pumos like you is that most of you seem to think that equity shares issued by major companies are "different" -- unlike dirty old pieces of paper, or stupid mass-produced playing cards, or fake cryptocurrencies, or pretty but useless metal bars, or whatever other "gay and retarded fraudulent 'asset class'" you guys are busy laughing at when you're not buying your awesome heckin' stonks -- because, uh.... well you see, the "value" that equities get assigned by THE FREE MARKET!!! is GENUINE!!! and is based on REAL WORLD METRICS!!! derived from TANGIBLE PROPERTY AND ASSETS!!! held by MAJOR CORPORATIONS!!! which ACTUALLY EXIST!!! It's ***definitely*** not just another insane form of retarded and utterly degenerate Jewish digital gambling that isn't really tied to much of anything other than beep boop yay the good number go up grrr the bad number go down.

And so the point of this thread isn't that stonks are uniquely bad, or that the price value of stonks is uniquely gay and fake compared to other asset classes. The point is that they aren't, and it isn't. There are actually a ton of obvious parallels right down the line. So LJL at all the dumb pretentious little faggots parading around XO, sneering condescendingly at STUPID CRYPTOTARDS and smugly fellating themselves for wisely investing in GLORIOUS REAL-WORLD STONKS rather than falling for the, uh... obvious Jewish electric... numbers... scam...

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46069576)

Thanks, brother! PS: You forgot to respond to my poast immediately below this, odd case haha

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46073067)

Also -- "everything you named is way down"? Really?

Readily conceding that, yes, most if not all assets across the board (including the ones I listed above) have gone down from their literal ATHs over the last year or so...

BTC is now "way down" in 2023 from where it was in 2013?

ETH/TSLA are both now "way down" in 2023 from where they were in 2017? (Don't forget to factor in the stonk splits re TSLA when you respond to this one thank)

SOL is now "way down" in 2023 from where it was in early 2020?

Wow, this is all news to me! Veddy veddy bad! Guess I shouldn't have stupidly bought into any of that dumb shit back when I foolishly bought it, after all.

Jeez, I sure do learn something new from (((Pumos))) every day...

(http://www.autoadmit.com/thread.php?thread_id=5307051&forum_id=2#46069642)