The World & Crypto with Rutkowski
January 31, 2021
China Video Simulation Sparks Viral Confusion
The video above went viral on social media applications such as Tik Tok where users thought it would be funny to convince viewers that China and Russia had blown up a United States Aircraft Carrier, while we know if this were the case, it would be the start of the actual World War III during a time of pandemic War is often associated either before the pandemic or shortly after.
The World tension between the United States and other countries has been building since the creation of the United States and with Presidential Administrations that focused solely on foreign relations that seem to be more damaging than anything have added to those tensions. China is a force that will have to reckoned with sooner than latter, especially if they keep the crusade of antagonizing the U.S.A and other countries such as Taiwan.
Speculation of the Biden Administrations close involvement with China, considering the Biden Family owns 10% of China's Central Bank implies that President Biden should be able to hold off his buddies another 4 years or longer depending on the 2024 election outcome which judging by the 2020 election we will have a major show-down in 2024
In retrospect videos like this simulation can be seemingly harmless, but when you look at China's Military and there Navy overtaking any Island they please while continuing to spread even further out amongst the World, it starts to appear more like strategic positioning more so than expansion. China is being super aggressive and it has been going unchecked for some time now.
The last year alone of President Trump's Presidency, Trump had to answer several calls to China, my favorite response was when Trump sent the United States Navy in neutral waters that China tried to claim and enforce restrictions. While the actions by Trump may seem excessive by those whom stand against Trump, it was actually less than what is called for. President Biden has a lot of hard work ahead of him when it comes to foreign relations for the United States.
Stimulus Checks for USA
President Biden has still neglected his promise to voters of the $1,400.00 stimulus check and now says he is open to the idea of $1,000.00 stimulus checks to even less Americans. President Biden while getting Democrat Senators elected in Georgia promised he would get a $2,000.00 stimulus bill passes if 2 Democrat senators were to be elected, so far this promise has went from $2,000.00 to just $1,400.00 and now down to $1,000.00 all without President Biden presenting one bill for this to happen... When will Americans get more money?
I don't know, but it would appear as if though Biden has fallen asleep behind the wheel, especially after causing over 56,000 jobs, spending trillions for the Paris Climate Agreement and World Health Organization and to add more insult to the injuries, thanks to the Paris Climate Agreement already struggling Americans seen a 100% increase on Electric bills and the cost of gasoline increase by over .60 cents per gallon.
America's economy isn't looking very good right now, but on the plus side, if and when President Biden passes the next round of stimulus checks we will see even more money flood into the Crypto World! Americans love safe guarding themselves against inflation, especially considering the amount of stimulus money and aid being printed and we should all be educated enough by now to know that when we raise the Federal Minimum Wages in the United States the USD gets inflated further.
Wall Street Took an "L" Thanks to the People
Game Stop GME Stock Exchange Symbol, went $3 in 2020 to almost $500 costing over $3,000,000,000.00 in damages to major investors whom have been making billions by shorting the stock after a reddit sub group decided to pump the stock beyond the "short" limit, which in turn caused several financial institutions such as Robinhood to halt Margin trading after they went broke.
This just another example of how fed up people are with the corporate double standard and the fact that billionaires can suppress any company on the stock exchange solely by shorting the stock enough. This is something that probably shouldn't be allowed in hindsight, however, would Wall Street exist without it?
The effects from this Pump has netted Millions in returns for small people like us in the World, which I must say, I am happy they got one over on Wall Street, I can't count all of the elderly ladies and gentleman in the World that have had to work there whole lives just to reach retirement and find out they have been screwed by Wall Street and will either have to be dependent on family and friends or work another 10 years.
GME is currently at $325.00 as of now. A lot of members of the Reddit group cashed out and have started pumping Crypto's such as DOGE and others...
"About WallStreetBets
What Is WallStreetBets (WSB)?
WE SEEK ALPHA AND MASTER BETA!!!!11 La-li-lu-le-lo. Are funds SAFU or SNAFU? Is Bitcoin your safeword?
Here is the tl;dr of the $GAMESTONK 2 STRONK SQUEEZE - When your broker is as reliable as a Cyberpunk 2077 launch day patch, does the GAME have to STOP? #cwutididthere
R/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its profane nature, aggressive trading strategies, and role in the 2021 GameStop short squeeze.
The subreddit, describing itself through the tagline "Like 4chan found a Bloomberg terminal",[2] is known for its aggressive trading strategies, which primarily revolve around highly speculative, leveraged options trading. Members of the subreddit are often young retail traders and investors who ignore fundamental investment practices and risk management techniques, so their activity is considered gambling. The growing popularity of no-commission brokers and mobile online trading has potentially contributed to the growth of such trading trends. Members of the communities often see high-risk day trading as an opportunity to quickly improve their financial conditions and obtain additional income. Some of the members tend to use borrowed capital, like student loans, to bet on certain "meme stocks" that show popularity within the community.[1][3][4][5][6]
The subreddit is also known for its profane and juvenile nature, with members often referring to themselves as "autists" and "degenerates."[5][7]
History: The GameStop Short Squeeze
On January 22, 2021, users of r/WallStreetBets initiated a short squeeze on GameStop, pushing their stock prices up significantly. This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease.[8] The stock price increased more than 600% by January 26, and its high volatility caused trading to be halted multiple times.[9][10]
On January 24, a moderator of r/WallStreetBets wrote a post stating: "There is NO organized effort by those [of] us who moderate this community to promote, advise or recommend any stock. It is against our policy to do so and we feel it is crucial to allow members to be able to share their ideas amongst each other with autonomy."[11]
After the GameStop stock closed up 92.7% on Tuesday, January 26, business magnate Elon Musk tweeted out a link to the r/WallStreetBets subreddit.[12]
On January 27, r/WallStreetBets users triggered a short squeeze on AMC, a company in a similar position to GameStop.[13]
On January 27, the official WallStreetBets Discord server was banned for "hateful and discriminatory content". Discord denied that the ban was related to the ongoing GameStop short squeeze.[14] In an official statement posted to the r/WallStreetBets subreddit, moderators claimed that their efforts to automatically delete content that violated rules had been overwhelmed by the sheer influx of users and the use of obscure Unicode characters, and criticized Discord for not providing the tools needed to take action to curtail hate speech on the server.[15] This was shortly followed by the subreddit being switched to private by the moderators at around 7:00 p.m. EST, before being made public again around an hour later.[16] Within one week of the GameStop short squeeze, the subreddit had gained over 2.4 million new subscribers, whereas it took 9 years to reach 2.2 million.[17] As of January 28, the WallStreetBets Discord server is online.
Effect on the Robinhood Trading Platform
Many members of the subreddit use the popular mobile app Robinhood to trade stocks and options. Some members have been responsible for significant feature removals and bug fixes after identifying and publishing methods of exploit.[18]
Robinhood Restricts Trading
On January 28, 2021, in response to r/wallstreetbets's involvement in the GameStop short squeeze, Robinhood, TD Ameritrade, E-Trade and Webull restricted the trade of heavily shorted stocks such as GameStop, AMC, BlackBerry Limited, Nokia, and Koss Corporation on their platforms.[23]
On January 28, 2021, in response to r/wallstreetbets's involvement in the GameStop short squeeze, Robinhood, TD Ameritrade, E-Trade and Webull restricted the trade of heavily shorted stocks such as GameStop, AMC, BlackBerry Limited, Nokia, and Koss Corporation on their platforms.[23]
References
Davidson, Jake (October 25, 2018). "Meet the Bros Behind /r/WallStreetBets, Who Lose Hundreds of Thousands of Dollars in a Day—And Brag About It". Money. Retrieved March 16, 2020. Kochkodin, Kochkodin (October 17, 2019). "A Guy on Reddit Turns $766 Into $107,758 on Two Options Trades". Bloomberg. Retrieved 23 January 2021. Weisenthal, Joe; Alloway, Tracy (March 5, 2020). "How a Profane Subreddit Moved the Market (Podcast)". Odd Lots (Bloomberg). Retrieved March 16, 2020. Kiberd, Roisin (December 11, 2017). "You Probably Shouldn't Bet Your Savings on Reddit's 'Wallstreetbets'". Vice. Retrieved March 16, 2020. Kawa, Luke (February 26, 2020). "Reddit's Profane, Greedy Traders Are Shaking Up the Stock Market". Bloomberg. Retrieved March 25, 2020. Anthony, KS (March 2, 2020). "Irrational Exuberance: An Interview With WallStreetBets Founder Jaime Rogozinski". SumZero. Retrieved March 25, 2020. Regan, Michael; Flanagan, Cristin; Balji, Divya (26 January 2021). "Reddit's Rocket-Ship Stock Picks Like BlackBerry Soar Again". Bloomberg. Retrieved 28 January 2021. Lyons, Kim (January 22, 2021). "GameStop stock halts trading after Reddit drama". The Verge. Retrieved January 25, 2021. Li, Yun (26 January 2021). "GameStop jumps another 90% above $140, but short sellers aren't backing down". CNBC. Retrieved 27 January 2021. Kilgore, Tomi. "GameStop's stock rockets again in volatile trading, while company has not released news or commented". MarketWatch. Retrieved 27 January 2021. "How'd you guys manage to win so big it made these old guys drown in their tears?". Reddit. January 24, 2021. Retrieved January 25, 2021. Bursztynsky, Jessica (2021-01-26). "GameStop jumps after hours as Elon Musk tweets out Reddit board that's hyping stock". CNBC. Retrieved 2021-01-27. Warren, Tom (January 27, 2021). "Reddit's GameStop traders turn their attention to AMC stock". The Verge. Retrieved January 27, 2021. Morse, Jack (January 27, 2021). "Discord bans WallStreetBets server for 'hateful and discriminatory content'". Mashable. Retrieved January 27, 2021. "Where do we go from here and who is going to step up to help us?". Reddit. January 28, 2021. Retrieved January 28, 2020. Peters, Jay (January 27, 2021). "r/WallStreetBets has been made private'". The Verge. Retrieved January 27, 2021. Murdock, Jason (January 28, 2021). "WallStreetBets Subreddit Gains 2 Million Members in a Day Amid Wall Street Siege". Newsweek. Retrieved January 28, 2021. GmbH, finanzen net. "The jig is up: Robinhood says it's closed the 'infinite leverage' loophole that allowed users to build positions worth millions". markets.businessinsider.com. Retrieved 2021-01-27. Langlois, Shawn. "Trader says he has 'no money at risk,' then promptly loses almost 2,000%". MarketWatch. Retrieved 2020-05-29. GmbH, finanzen net. "Robinhood's 'infinite money' glitch shows the dangers of turning investing into a game, expert says | Markets Insider". markets.businessinsider.com. Retrieved 2020-05-29. "wsb yolo".[dead link] "Robinhood has a 'free money cheat' that allowed one user to grow $4,000 into $1 million through 'infinite leverage'". Business Insider. 2019. "Robinhood, TD Ameritrade restrict trading of GameStop, AMC stock". CNET. January 28, 2021. Retrieved January 28, 2021."
Copied from wikipedia.org
XRP is at .50 right now, inspired by Wall Street Bets we are seeing a group composed of over 150,000 people whom are doing a Pump & Hold on XRP officially starting February 1, 2021 with the combined goal of driving the XRP price over $1.00 considering that Ripple is no longer allowed to use any XRP that the company holds or the employees whom are named specifically in the suit, we don't have to worry about a major dump from Ripple themselves.
I know, if you have been following me for some time you already know that XRP is my #2 crypto suggestion although I don't give financial advise, I am not a financial advisor and I probably wouldn't want to be. Anyways, I know this seems like a great time to jump into XRP and I want to go ahead and issue a warning that I have been spending days on Twitter and other sites trying to convey to the masses.
Although a pump and hold sounds extremely awesome, right? It could be financially devastating for those involved from the .25 range and up. Yes, we have a lot of people pumping and holding XRP, but at the same time we also have a major group of people whom see the opportunity to buy in extremely low and sell off Monday while other groups are coming in at an already inflated price.
Now lets think about supply and demand, for the price to sky rocket the demand has to greatly out weigh the supply, if you have 45 billion tokens and 10 people want them, what are they worth again? Now if you have 45 billion tokens with 44 billion being held by HODLERS like myself and millions of people wanting to buy and hold even more, what is that token worth? More than one dollar in my opinion. Can you see how this could go either way for investors like myself?
The thing is, XRP is an extremely valuable asset and most people don't understand the full potential of XRP because they listen to people instead of doing research. XRP basically controls the Saudi Arabia foreign exchange, thanks to president biden signing the executive order in the United States, Americans will now be dependent further on foreign oil.
It shouldn't come as any surprise to you that Americans buy the bulk of foreign oil from Saudi Arabia. The speculative implication alone of billions of dollars of XRP moving from the United States to Saudi every day alone will effect the price of XRP majorly in my opinion, but hey, what do I know?
Bitcoin is currently at 33,649.00 and is moving up slightly with an expected increase over night and continuing majorly tomorrow with the pump groups set to start working all other assets. I wouldn't be surprised to see a lot of long time XRP holders fold out of XRP and drop it into BTC and for some reason DOGE, the funny thing is, DOGE has just as much if not more potential to hit BTC prices at some point in the future.
Elon Musk was blamed for the $6,000.00 rally we seen on Friday after he updated his Twitter profile to #Bitcoin on Twitter. I can see how a man with as many followers as him could start a hype, and while I don't personally doubt that some people may have seen that and bough into Bitcoin, I just don't think that is abnormal from the Bitcoin price movements. My speculation here is as Bitcoin becomes more and more stable, we will see less and less price slippage as such.
When we almost hit $42K we had over a $12,000.00 correction, this correction was just $6,000.00 I have noticed the price corrections trend seems to be lowering greatly. We ideally want to see the next big correction to be under $4K ideally $3K or under. That would follow with the trend I have noticed for a bit.
The institutional demand is still here, we still have a lot of hype about Bitcoin, we still keep bringing in new money! That is a plus, even the bad publicity was a plus side, like those famous people say, "Publicity is Publicity, Good or Bad." I said in a article that I think we will continue with the upward momentum of Bitcoin in the beginning of February, I am really anxious and admittedly nervous to see the outcome of the first week of February 2021.
DOGE is currently at .037 and headed towards .04 cents and higher this week alone in my opinion. Honestly, I think this probably the first time I have ever wrote anything other than a quick tweet about DOGE itself. I have known of DOGE for a long time now, but I haven't ever been vested in DOGE like Bitcoin, admittedly if I had as much BTC as I do DOGE I would be rather wealthy at this point in time in my life.
I bought 5,000 DOGE years ago and still have about 1,300 DOGE left after I spent the rest on Pay Per Click advertising. I don't even know if that is still a thing within the DOGE community, but it used to be. I paid maybe $3.00 for all of them and received over 3,700 visitors from that pay per click campaign. I honestly wasn't disappointed with the quality of the traffic back than either.
I started to cash them out at $68.00 the other day, but when you look at the long awaited road Bitcoin has been on, why do that? I have my DOGE sitting in a safe cold storage wallet where they will be when they either become completely useless or I start cashing out, either way I won't be losing anything like those who are buying in now if it does crash.
I have been in the World of Crypto long enough now to know that it really depends on the faith of the community involved. Reddit has been a major contributor to the success of DOGE coin lately, the media covering DOGE coin has been extremely good for DOGE and other coins alike.
BCH is currently above $403.00 dollars, it also had a price rally last week when Bitcoin did which makes me believe that it really had nothing to do with Elon Musk, although I am a huge fan of Mr. Musk. I have been following his career since Paypal. BCH still appears to be headed on the right track to passing up ETH on gains and in price.
I expect to see the price break up a bit in the first week of February. BCH in my opinion should have been pushed to banks and merchants in the same manner that XRP has been. I can't rule out the possibility of BCH actually taking over Merchant transactions in the future. Bitcoin already has tremendous credibility and because BCH is a fork of BTC using the BTC ledger with cheap transaction fees, it leaves BCH a runner up for payment processing as well.
I fault the community involved in developing BCH for the lack of innovation that BCH should have been through already. BTC wasn't meant to change from it's original state, and any changes to the hard code of BTC beyond routine updates would most likely destroy the credibility of BTC itself and would be even more so damaging to BCH. That is why I expect to see BCH follow the same path ways as BTC itself, however the use case will most likely never be considered a safe harbor like BTC
My Final Thoughts
This past week alone has been a roller coaster of events from China, biden, GME, DOGE and awaiting XRP for the start of February and a long list of other assets that are being targeted as well. We are in the early stages of market manipulations, and I encourage every one to be even more cautious and not to feel bad about taking profits off the table as we go.
You can't fault anyone for selling high and buying in low, that is the corporate way and if we want to make a good life for our families we will have to follow suit as well. Wall Street is woke to the fact that they no longer have unrestricted control over the stock markets and they far behind of having control over Crypto Markets which tip the odds in our favor, considering they have to buy from us now.
As always, if you can't afford to lose it, than don't invest it! That is a rule that could save you lots of money, also inadvertently could cause you not to make even more money. A lot of assets at the prices today is like buying BTC 10 years ago before it is what it is now. I believe we will see almost every crypto of value increase by 10 fold over the next year.
I will be sharing my updated portfolio later this week, I also have plans to cover about 50 new Tokens that I am vested in over the long term.
Thanks for reading, God Bless You, and Stay Healthy!
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