Thread by @jrdavidmitchell

Hello #Dogecoin Community,
My name is David Mitchell Jr. and I have my second installment on shorts. This will take a deeper dive into mechanics and why it's important we work together to move your coins off of exchanges.This is a write-up from yesterday's video. 🧵

FYI (SideNote) If you see a post stating you don't need to move your coins, this is probably an institution spy account. I know it sounds crazy but Reddit and other platforms have been closely monitored since GME. Anything that will hurt their bottom line dramatically or put them

in a position for a squeeze....they're going to try and prevent it. Please bear with me.
Before today's post, I want to thank all of you for sharing the last one on Reddit, Twitter, and Youtube. It reached over 300k people and counting. I saw so many posts & Videos over the

last couple of days. The word got out quickly.

Why are #dogecoin shorts cancer to the community? Shorts within themselves are a form of leverage. With Shorts 1 Doge = 2 Doge
A short is a derivative of the original asset. How? Your #dogecoin can't be positive and negative at

the same time. If you purchase an asset and you're holding; it becomes positive or neutral buying pressure. If an exchange takes this asset and creates a sell order for it, they have done one of two things. They've either stolen your #Dogecoin and are hoping to put it back before

you need it, or they created a synthetic #Dogecoin and they're hoping to remove it from circulation.

Are you accusing exchanges of increasing the coin supply to dilute prices and encourage dips? Yes, it's basically what shorts are. You only make money when the asset goes down

but you're creating the negative pressure you need within the short itself. Guess what happens, if retail buys more and they're at risk of losing money? You guess it! They short even more.

I hate to be the one to say it but supply & demand don't completely set the price in the

market. You have massive price interference from people who have not even purchased the asset. (Remember a short is borrowed and must be returned.) The negative pressure on a short is by something that tech doesn't exist yet, and they're using your assets to do it.

FYI

(Sidenote) Yes, they're different shorts and I'm not directly accusing a broker of naked shorting...(yet). Naked shorting is something Binance or any company could do as long as you don't see the proof of assets and they have a way of moving the coins undetected...like a BSC

Token.
This can operate like a Dark Pool and create a mask for which coins can be exchanged at whatever rate they decide. If you can't see proof of Assets, it may very well be 3 to 1. All of the corruption we've seen in any market..comes from abuse of leverage. Right now, 2018,

2008,2000 etc.

Some may argue that only the #dogecoin that is staked is lent out for shorts. I have no concrete evidence of this but it makes no sense to me. Why would an exchange hold your crypto to no benefit of them for years? It's like a bank holding your money but can't

use it to expand the bank...there's no point. I think until we have a proven system across the board and more regulation for transparency we must assume all exchanges lend at their discretion. The borrowing fee (lending rate) is a steady stream of income for them no matter what

the economy is like.

So what happens next?
This is the good part. As #dogecoin is removed from exchanges it will become riskier to short. The proper term is easy to borrow and hard to borrow.

FYI (Sidenote) Borrow fees can be as low as .3% and as high as 100% depending on the

risk. Risk tolerance plays a huge role in this and will ultimately determine the lending rate (Borrow Fee). Interest is paid daily.

Access and availability determine the rate. The less access they have to #dogecoin, the more expensive it is too short. Removing mass amounts of

#dogecoin will cause doge to switch to hard-to-borrow status. The exchanges will then try to extract more money from shorters by raising the rates. This cuts into the shorts profits and increases their risk of a margin call or worse.....squeeze.

FYI (Sidenote) A short is a

guaranteed buyer. You must return the share. This is different from a put option where you have a choice. Your (fake coin) must be returned to balance the books.

What does this all mean? It means that moving your coins off of exchanges will have a deep domino effect. I

do recommend the Nano wallet as I did in my last post. If you're a trader or want to have a small amount on hand for tipping etc I understand. However, for your long-term coins, it should be held privately, not only for you but for the community as well.

Please feel free to

tag me or share the content. I know this has become a popular topic now but please be careful where you get your information. YouTubers who don't fully understand this can rush you to move your coins you'll make a mistake and lose your coins.

If you're going with the ledger do

not get it from 3rd party sites. People have lost access or have been scammed this way. Only go through the official website. shop.ledger.com/?r=01f1d3f5672a

Here is this information in video format with charts. This is Part 2

1 Doge = 2 Doge?:

Part 1 of the Shorting Series:
$.50 or $5.00 Doge


Intro To Shorts & Transfering Coins


What Are Shorts?


Social media handles:
Youtube: David Mitchell Jr
Twitter: @jrdavidmitchell
Reddit: AOSPODCAST

@inevitable360 @Dogememegirl @cb_doge @mishaboar @tjstebbing @BillyM2k @benekcj @TOPDOGE007 @DOGE_Exchange @Cocochaneladair Part 2 of the Installment