Let´s see! 40 trillions in debt (to a private bank corporation which they will pay interest rate 1 trillion/year (this money disappear in private pocket :)). GDP 32 trillion so even trying hard, can´t pay the debt will be for life growing. But the total debt is 100 trillion not 40, so there is more to it, 60 trillion more to pay interest rate to.
Bitcoin casino is not rendering anymore, people understood that is a pure scam. Now it comes the AI scam that magically drain your wallet out of thin air (tokens). Companies start losing half a billion because they forgot to switch off the tokens, and they call it a business, like the stock market. They found a weakness in people, gambling and they are using it. Even though with all the tricks there is no more money to squeeze out of people. Now 3 AI companies go public asking for more trillions, from where, You squeezed Canada, Australia, England and all your friends and enemies. Digital currency will come live soon, that’s your solution, lame, poor people? How does it work? You create a project open source with free labor, and if it goes well you privatize it non profit, get funded from public tax and switch to profit corporation. Then you get a funding of 30 billion with evaluation 15x 500billions. Then you have a dinner with the gov and suddenly are evaluated 1 trillion. I see, now I Understand, One or more of this companies will fail and take all the blame and I feel sorry for all the pension funds that will hold the bag of this manipulation.
Who will take the fall, X-AI, OpenAI, Anthropic?
I smell the world’s largest bailout in the works.
How do I make money off this?
I want Cassandra levels of fuck you I told you so.
I’m going to give it some thought and then I’ll tell you what I’m going to do.
DO THE OPPOSITE OF THAT.
My decision is 99.99999% guaranteed to be the wrong one. It always is lol
Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.
Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.
comments like this inspire me to become financially literate so that i could understand what was said.
Basically you borrow a lot of stocks from someone and sell them directly.
Then you must buy back the same stock in the future and give it back to them (and a bit extra).
If the stock is cheaper in the future then you earn money. If it becomes more expensive you lose money.
This is how stock traders gamble on stocks they don’t own but think will lose value. They will find a way to gamble on everything.
Basically you borrow a lot of stocks from someone and sell them directly.
so this SOX thing is an entity that you borrow the stock from?
It just means that when they final stop buying semiconductors to fuel datacenters they aren’t even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it’s coming. It feels like soon but don’t make financial decisions based on what some idiot says on the internet.
thanks and i’m confused by whatever “SOXS” is/means.
This is probably not a good opportunity for you then. It’s not something a beginner should do. Probably I shouldn’t have brought it up at all.
i wasn’t planning on doing anything besides learning.
SOXS is just the ticker symbol. You type it into a site like Yahoo finance and you can learn about the security or trade it at your brokerage.
The market can stay irrational longer than you can stay solvent
Tesla has been clearly overvalued for years. Had you tried to make money off shorting the stock - despite correctly observing this stock has to collapse at some point - you would have lost your shirt.
Yeah, I wouldn’t take trading advice from a group of people who are desperately hoping a for a certain technology to not exist.
Is AI overhyped and overused? Absolutely. Is its use doing to decrease? Most likely. Will it “collapse”? Don’t bet on it. Or, well, do - I suppose. It’s your money to lose.
As OP of this comment, I fully agree and strongly dissuade anyone from pursuing the ideas I am giving.
true, true
How do we short stock for amateurs
soxs Is actually traded as a normal stock- they do the shorting for you. But since it’s triple leveraged it’s very risky. If you get it wrong you lose 3x the money of a normal short. If you want to learn how to short normally (single leverage) you can ask gemini, I’ve found it to be pretty good with financial training and explaining the ins and outs of specific trading platforms. But know this. With shorting you can go past zero into debt , as a stock can go up more than 100%, so you can lose more than 100% of your money. It’s not really where you should start as a beginner. Maybe a better way to bet against AI is just to bet on old fashioned value stocks or ones paying big dividends, as they are mostly quite beaten down now.
These days ChatGPT would respond:
“Money is printed in a mint, or more commonly deposited digitally into your bank account”
Then you’d need eight more clarifying comments before it “understood” what you were saying. This is because it was trained on reddit text.
“I did your mom”, Reddit probably.
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