That actually explains this stupidity doesn’t it …

Right - the entire stock market doesn’t make sense, doesn’t seem to stop Tesla or any of the other massively overvalued stocks. Btw stocks have been massively overvalued for over a decade, but that’s a different topic

So not any amount then. My point stands

Absolutely my point

It’s not a statement out of ignorance and it’s not a lie. Most people don’t try to move huge money around so I’ll illustrate what I had to go through - I had a huge sum of money I had in an online investing company. I had a very time critical situation I needed the money for, so I cashed out my investments - the company only cashed out via check sent via registered mail (maybe they did transfers for smaller amounts, but for the sum I had it was check only). It took almost two weeks for me to get that check. When I deposited that check with my bank, the bank had a mandatory 5-7 business day wait to clear (once again, smaller checks they deposit immediately and then do the clearing process - BIG checks they don’t do that, so I had to wait another week). Once cleared, I had to move the money to another bank, and guess what - I couldn’t take that much cash out, daily transfers are capped at like $1500 or whatever they were, so I had to get a check from the bank. The other bank made me wait another 5-7 business day as well, because the check was just too damn big.

4 weeks it took me to move huge money around, and of course I missed the time critical thing I really needed the money for.

I’m just a random person, not a business, no business accounts, etc. The system just isn’t designed for small folk to move big money

I have a dirty suspicion that the “where’s the ROI?” talking point is actually a calculated and collaborated strategy by big wall street banks to panic retail investors to sell so they can gobble up shares at a discount - trump is going to be pumping (at minimum) hundreds of BILLIONS into these companies in the near future.

Call me a conspiracy guy, but I’ve seen this playbook many many times

I disagree - before Bitcoin there was no venmo, cashapp, etc. It took weeks to move big money around. I’m not saying shit like NFT’s ever made sense, and meme coins are fucking stupid - unfortunately the crypto world has been taken over by scammers - but don’t shit on the technology

Honestly none of this means anything at the moment. This might be some sort of calculated trickery from China to give Nvidia the finger, or Biden the finger, or a finger to Trump’s AI infrastructure announcement a few days ago, or some other motive.

Maybe this “selloff” is masterminded by the big wall street players (who work hand-in-hand with investor friendly media) to panic retail investors so they can snatch up shares at a discount.

What I do know is that “AI” is a very fast moving tech and shit that was true a few months ago might not be true tomorrow - no one has a crystal ball so we all just gotta wait and see.

And that mathematician won’t see the profits for that faster algorithm and you will never hear their name - shits been happening in tech for decades