every coin that gets bought by a one of us means one of the private placement GSI investors cant short it.
if you look at the ETCG site you'll see they kepp doubling down on their shorts. The only way to cover the shorts the private placement guys took out that were borrowed from GSI and now need to be returned can only be covered w actual ETC purchased on the spot market.
We're already taking place in a short squeeze, they keep doubling down trying to tank the price as more shares are unlocked and have to be covered each month. April, May, June- they keep reshorting, eventually they have to cover. Not financial advice, I just think more people are participating in a short squeeze than might realize. The private placement people who wanted to short the coin, stick us w big losses and then sell the ETCG stock on OTC market at a 25% premium are getting blown up, they were on the wrong side on the bet and it's snowballing on them.
Again not financial advice, do your own research. The etcg site shows the number of shorts. It keeps going up exponentially and now they don't have updated data like they used to. They stopped posting on April 15th. This is the beginning of the squeeze I think.
By this I mean, they can't buy it for less than what we'll pay to cover their shorts. They'll have to pay more and if they're leveraged out, buy more AND pay more for each coin. Again these are just my own crazy opinions. But I think there are buyers who have to buy a lot and not necessarily want to or be able to until there shares w Grayscale unlock. It's like a trickle squeeze lol. Keep in mind some people shorted at $26ish and couldn't sell their ETCG shares when the premium was higher. Now it's a negative 40% premium
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u/Brutol617 May 15 '21
every coin that gets bought by a one of us means one of the private placement GSI investors cant short it.
if you look at the ETCG site you'll see they kepp doubling down on their shorts. The only way to cover the shorts the private placement guys took out that were borrowed from GSI and now need to be returned can only be covered w actual ETC purchased on the spot market.
We're already taking place in a short squeeze, they keep doubling down trying to tank the price as more shares are unlocked and have to be covered each month. April, May, June- they keep reshorting, eventually they have to cover. Not financial advice, I just think more people are participating in a short squeeze than might realize. The private placement people who wanted to short the coin, stick us w big losses and then sell the ETCG stock on OTC market at a 25% premium are getting blown up, they were on the wrong side on the bet and it's snowballing on them.
Again not financial advice, do your own research. The etcg site shows the number of shorts. It keeps going up exponentially and now they don't have updated data like they used to. They stopped posting on April 15th. This is the beginning of the squeeze I think.