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Quai started mooning parabolically after it implemented a deflationary update that merge-mined other coins and dumped them to market buy & burn quai creating a deflationary flywheel and putting it in the top 6 for chain revenue Just pull up the chart, price speaks for itself

14,434 views • 6 months ago •via X (Twitter)

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Bill Ackman, CEO of Pershing Square Capital Management, on how short selling actually works, explained so simply that anyone can understand it: Most people know how to make money when something goes up in value. Buy low, sell high. Simple. But making money when something falls? That's where most people get lost. Bill Ackman breaks it down with a simple analogy: "Imagine for a moment that a friend of yours collects rare coins and you have the view that those coins are going to go down in value." Here's how it works: You call your friend and ask to borrow a few of his coins. He agrees. You then sell those borrowed coins in the market for $1,000 each. Then you wait. Your prediction turns out to be correct. The coins drop in value to $500. You go back into the market, buy them back at the lower price, and return them to your friend. The math is straightforward, as Bill Ackman explains: "You've sold them for $1,000. You've repurchased them for $500. You've made $500 on each coin." Your friend gets his coins back exactly as they were. And because he loaned them to you, he also earns an interest payment in the process. "He's happy because he's made interest lending you the coins. You've made money profiting from the decline in the value of the coins. And that's short selling." Borrow. Sell high. Buy back low. Return. Pocket the difference. That's the entire mechanics of short selling, stripped of all the Wall Street jargon and explained through a coin collection.

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39,834 views • 3 months ago