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Andreas Haraldsvik

Operations Manager i ChainLayer

Andreas Haraldsvik is a seasoned community manager with extensive experience in cryptocurrencies and customer relations, dating back to the early days of Bitshares, formerly known as Protoshares. He excels in trading, employing fundamental analysis to identify projects with high potential. Andreas conducts thorough research utilizing whitepapers and technical documentation. Currently, he is an integral part of the Groestlcoin team and manages a prominent Norwegian blockchain blog.

Highlights

Feb 1 · linkedin

What is the deal with GameStop stock?

The GME play is a very simple problem of supply and demand. Without explaining what shorting is, just know that as long as short interest is over 100% the following applies: There are 100 sellers of GME There are 200 buyers of GME We (retail/shareholders) represent 100 of the buyers above, the other 100 buyers represent hedge funds. The difference being that retail already bought, hedge funds are still on the hook. Now, because of this, hedge funds want to buy for as low a price as possible and every day that they don't, they are paying Billions in interest. This tips the tables in retails favor since they don't have to pay any interest for not selling. In a nutshell, if retail don't sell, the price of GME can, theoretically, go to infinity.

Jan 11 · linkedin

Din norske kryptobørs har et nyttårstilbud til deg - få 50% avslag på handelsgebyr hos NBX fra 11.01.21 til 11.02.21. Ja, det betyr kun 0.25% fra nå på http://nbx.com 

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Location

Oslo, Oslo, Norway