Forget Everything You’ve Ever Known About Short Squeeze on GameStop
This is the best explanation of short squeeze I have ever come across. Redditors are educators.
Image credit: news.bitcoin.com
Via / Reddit
Let’s dumb this down for you apes:
* Let’s say 5 banana’s currently cost $10
🍌🍌🍌🍌🍌/💲🔟
* One ape on the market has 5 banana’s
🦍🍌🍌🍌🍌🍌
* Snake asks to borrow 5 banana’s for a bit and instead sells the 5 banana’s thinking price will go down soon (shorting). He thinks he can buy them later for less and give them back to ape, so he make’s profit on the difference.
🐍💭📉🍌🍌🍌🍌🍌
* Group of apes notice what stupid snakes are doing and decide to buy all banana’s on the market until snakes have no other choice than to buy from the group of apes in order to return what they borrowed.
🦍🦍🦍🍌🍌🍌🍌🍌🍌🍌🍌🤣😂
* If group of apes stay strong then price will go UP
🦍💎✋🚀🚀🚀📈🚀🚀🚀
$GME $NOK $BB $AMC $BBBY
