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@Shhoobbzz @Jeremybtc He used his sub-Reddit of idiots to pump dying companies for his own profit.
He should be in prison as long as Bernie Madoff...
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A financial analyst turned $53,000 into $48 MILLION posting stock tips on Reddit from his basement. He nearly broke Wall Street doing it.
> In September 2019, Keith Gill was a 34 year old financial analyst at MassMutual earning a regular salary.
> Under the username DeepFuckingValue on Reddit and Roaring Kitty on YouTube, he posted a screenshot of a $53,000 bet on GameStop.
> A dying video game retailer that Wall Street had been shorting into the ground.
> Gill had spotted something. Hedge funds had borrowed and sold 140% of GameStop’s available shares.
> Mathematically impossible to cover without buying every share back at any price.
> For over a year, he was ignored. His posts were downvoted and mocked.
> Then in January 2021, Reddit’s WallStreetBets forum discovered his position and started buying.
> GameStop went from $4 to $483 in three weeks.
The short sellers were trapped. Every dollar the stock went up cost them more money.
> Melvin Capital lost 53% of its fund in one month and had to be bailed out with $2.75 BILLION. It shut down completely in 2022.
> Total hedge fund losses exceeded $20 BILLION.
> Roaring Kitty was streaming the entire thing live on YouTube from his basement, wearing a red bandana, drinking from a cat mug.
> By January 27 his $53,000 was worth $48 MILLION.
> Then Robinhood froze the buy button. The sell button still worked. The stock crashed within hours.
> Robinhood’s biggest customer was Citadel. Citadel had just bailed out Melvin Capital the same week.
> Congress called emergency hearings and subpoenaed Gill to testify. His entire opening line was five words. “I like the stock.”
> Hollywood made a movie about him called Dumb Money. Netflix made a documentary called Eat the Rich.
> He disappeared from the internet for three years.
> He returned in May 2024 with a single meme posted on X. GameStop pumped 50% on the news he was back.
> Days later he revealed he had quietly built a 5 million share GameStop position worth $180 MILLION during his silence.
> His net worth peaked at $289 MILLION.
> A guy in a basement saw what every hedge fund analyst on Wall Street had missed.
> He posted it for free on Reddit.
The system that called him an idiot ended up rewriting its own rules to stop him.
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Honestly i have come to understand why we get called larpers and why we get made fun of for “Tactical training.”
We deserve to be called larpers. Our forefathers were better men than us, and would have been shooting by now.
We are not the men they were, and many of us have a hard time coming to terms with that.
So when we put on gear, camo, black out faces, and train it raises the question of “What are you training for when you should be fighting now. “
Thus the insult of “larper” starts getting pushed. And to a degree, they are right.
Good times create weak men, we are the weak men. And we are getting called out for it.
NOW…with that being said. Harder times do approach no matter what we say, i still believe we need to be prepared for harder times as it will require stronger men. (Maybe stronger men will only rise once unwillingly baptized by fire, and comfort is no longer possible.)
I do not plan on stopping training anytime soon.
But alas, i can understand why we get called larpers.
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Forgive the unflattering angle, but here are further words I spoke today at the #noconfidence protest. Enough is enough!
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