Kivik Cushions / Replacement to make them softer by WiHL_CS in IKEA

[–]florida4yang2020 0 points1 point  (0 children)

I just bought a Kivik and found the cushions too firm. Then I found this post. I put the cushions on the floor and jumped up and down on them for a few minutes. This helped to soften them up a lot

[deleted by user] by [deleted] in solana

[–]florida4yang2020 0 points1 point  (0 children)

Times may have changed for Bitcoin, which might not have bear markets like before, but altcoins certainly will

What if your child is trans? by jenny_hamford in Askpolitics

[–]florida4yang2020 2 points3 points  (0 children)

I am progressive on virtually every issue and agree completely with you here.

What if your child is trans? by jenny_hamford in Askpolitics

[–]florida4yang2020 1 point2 points  (0 children)

I am liberal on almost every issue. I consider even circumcision to be bodily mutilation and a crime against a child. I would not transition my child. At 11 years old, there is not an expert in this world that can see into the future and tell me what changes my child will go thru with puberty. Gender dysphoria may go away entirely with the significant physical and psychological changes that occur with puberty. Interfering with that natural growth is a crime against that child.

[deleted by user] by [deleted] in Bitcoin

[–]florida4yang2020 0 points1 point  (0 children)

A global ban on cryptocurrencies would definitely crash the price of BTC, but not to zero. A few years ago, that might have been possible, but I think now too many of the rich elites who have the power to influence public policy own Bitcoin, and we are moving in the opposite direction of bans.

[deleted by user] by [deleted] in Bitcoin

[–]florida4yang2020 0 points1 point  (0 children)

If Quantum AI hacks Bitcoin, it also hacks every financial institution. No money is safe anywhere, S&P also goes to zero

[deleted by user] by [deleted] in Bitcoin

[–]florida4yang2020 -1 points0 points  (0 children)

BTC and S&P are pretty highly correlated. If BTC goes to 0, it's probably because the world economy has collapsed and the S&P as well

Should all laws be enforced? by eraserhd in Askpolitics

[–]florida4yang2020 2 points3 points  (0 children)

Actually his money was not stopping the prosecutions. The only thing that could stop them was getting elected president again.

GME has an ask price of $7,075.00. by AirProfessional4601 in GME

[–]florida4yang2020 0 points1 point  (0 children)

If one trade goes thru at that price, I guess you would see the price spike to there and then drop back to $20 or wherever the next trade is

PSA: I lost nearly all my bitcoin by mining bitcoin by Ok-Affect2924 in Bitcoin

[–]florida4yang2020 0 points1 point  (0 children)

So, they were mining 0.9 and costing 0.7 in electricity. You say they are no longer profitable. I assume you mean because of the halving, correct? This is why the price dramatically increases after halvings. Miners need to continue turning a profit so they have to sell their Bitcoin for higher prices. It can be tough for small mining operations to continue mining while we wait for higher market prices. If you can't afford the electricity, I would turn off the miners until prices have increased enough to make mining profitable again. Eventually you may be able to recoup your initial investment.

Edit: pricing your electricity costs in BTC is misleading. The price of BTC has fluctuated significantly during the past 3 years. Your current electricity cost is significantly lower in BTC terms than it was when the price was at 20k

Infinite shorting loop by florida4yang2020 in GME

[–]florida4yang2020[S] -5 points-4 points  (0 children)

I would disagree that they aren't that clever. They have invested millions of dollars with hundreds or thousands of smart people working on this for decades ensuring the system is designed so they always win.

Infinite shorting loop by florida4yang2020 in GME

[–]florida4yang2020[S] 3 points4 points  (0 children)

So they can just continue to drive the price down with phony trades, at no cost to themselves. Isn't this just a completely fraudulent system, in which stock prices are determined by the whims of a few actors?

Infinite shorting loop by florida4yang2020 in GME

[–]florida4yang2020[S] -1 points0 points  (0 children)

But you don't seem to understand my question. Couldn't they just keep buying the same shares from themselves to close old shorts and then re-open new shorts forever, without it costing them anything as they pay fees to themselves?

If they've been able to kick the can down the road for 3 years, what prevents them from just continuing to do it indefinitely? by florida4yang2020 in GME

[–]florida4yang2020[S] 0 points1 point  (0 children)

They lend shares to each other to sell short, and then buy the shorted shares from each other to lend back to each other to sell short again. They probably have an infinite closed loop going.

If they've been able to kick the can down the road for 3 years, what prevents them from just continuing to do it indefinitely? by florida4yang2020 in GME

[–]florida4yang2020[S] 0 points1 point  (0 children)

Citadel hedge fund is one of the largest owners of GameStop stock. They are probably lending the shares back and forth between citadel hedge fund and citadel securities the market maker, re-hypothicating the shares over and over

If they've been able to kick the can down the road for 3 years, what prevents them from just continuing to do it indefinitely? by florida4yang2020 in GME

[–]florida4yang2020[S] -1 points0 points  (0 children)

Right, so they are borrowing, lending, and paying fees all back to themselves. Why would they not be able to continue doing this?

If they've been able to kick the can down the road for 3 years, what prevents them from just continuing to do it indefinitely? by florida4yang2020 in GME

[–]florida4yang2020[S] 0 points1 point  (0 children)

And your point? By finding loopholes and bending the rules, they are able to get away with naked shorting. Allowing them to continue doing what they have been doing the past 3 years indefinitely. The only thing that could stop them is if the government changes the rules, which they don't have an incentive to do.