GME

Legwion

In the "normal" markets where you can buy stocks like apple and tesla, tickers have their name shorted to 3 or 4 letters, like $APPL or $GME

Ok-Tradition-6350

Check for a GME tramp stamp

SnowyDesert

and GME hype that was all over the news which then shifted into btc and doge craze

blorpianblorp

Reads alot like the short squeeze folks bag holding AMC, BBBY, GME lmao

LivingTheTruths

Take the stupid AMC GME bs out of here lol

OsloPanzer

This sub gets flooded with GME-type noobs every bull run who think they will make an impact spamming nonsense like: «If everybody justs HODLs💎 🚀» Stack if you want to. Sell when you want to. Everyone is in this game on their own.

SOBmoney

GME Game GME Stop

Nigel_Thirteen

First GME now this I’m sorry it’s cause I finally bought Bitcoin

Particular-Sand-1134

Mind doing some charity for the sad apes that betted on GME? :)

Michikusa

I’ve unfortunately got 330 shares GME at average price of $38. Down $9k. Should I average down? I have time to wait and cash to buy. Or am I just throwing more money away. I could double my shares today with another $3k. But man I really don’t want to

MikeMiller8888

Lmao, fucking their customers would have been restricting *selling*. If you sold GME right when they disabled the buy button (which is freaking obvious to anyone that knows basic market economics) you made a fortune. Anyone that bought the stock in the week after that buy button was disabled lost their shirts. Robinhood saved their customers. It sucks that Citadel effectively ended the squeeze, but what did you want them to do? Take money from customer’s accounts to cover the three billion? Or stop all trading because they had no clearing house? Wake up and go read the congressional investigation documents. Or watch Dumb Money.

MikeMiller8888

Eh, he’s right. Vlady doesn’t give a shit what his customers buy. He restricted GME purchases when his clearing house, owned by Citadel (Melvin’s savior) required him to post three billion dollars to keep buying GME, or 1.1 billion to cover the existing stock in customer’s accounts. He chose the $1.1 billion route. Remember, there was a congressional investigation.

frumpydrangus

They’ve had basically 1 bad rap because of GME, which every broker disabled the buy button. But because Robinhood was popular at the time they took all the blame when their hand was forced to disable buying by the order flow company

frumpydrangus

They didn’t pull anything with GME. Order flows restricting buying with multiple brokers but rh gets all the hate

Typesh055

Hate to make a rude comment like this, but anyone that still utilizes Robinhood while Being aware what they did on their platform during the GME debacle, deserves to have their money stolen.

BIGDADDYCRYPTO6900

This war is all but a distraction from LOLrc and GME from accomplishing MOASS.. HODL. 😂

amiszilla

Robinhood took off the “buy” button forcing GME to crash.

WhatchaTrynaDootaMe

yeah that whole idea of the power low is pretty dumb... remembers me of GME

eudezet

Stocks end up on blockchain. GME: „shitshow is back on the menu”

Long_Measurement3999

It’s such a bigger market and concept than GME. It won’t be some fluke swing trade that 15x’s us from here I don’t think. The numbers are too big

Level_Willingness790

Folks are always squaking about "when $1M bitcoin?" My gut tells me that the first $1MM will be when a fool-hardy wall street firm shorts bitcoin (a la GME) and no one sells.

nxs_sss

Oh are you a GME bag holder? RH gold is $5 per month. Is that the requirement you speak of? Proof is in the pudding. Look at how much money has been moved to RH this year. You need to get over your GME/AMC meme stock losses.

holddodoor

And deeming whatever they want as “setting the price…”. GME fan here

tannerjohngates

Hahahah. You're not the first person to say that. I'm guessing you've never seen the movie Dumb Money. TLDR: They initially only traded paper bitcoin and not actual bitcoin you could send to another wallet and let many remain ignorant of the fact. They also halted trading on speculative stocks like GME a few years back when it wasn't going well for them. Watch Dumb Money, it's great.

Drspaceman1717

You can short squeeze anybody if you can raise the price enough. GME was an extreme example.

OkSignificance9774

Yea, sounds like every GME holder in 2021.. Everyone’s a lifetime holder when things are going well..

Axon14

It is and it isn't. As an earlier post in the sub today indicated, western governments know they can cop our 401ks and investments if ever needed. Robinhood went out of its way to protect a private equity fund when GME shorters were kicking their ass. So it's not all that crazy unfortunately, it just feels like it's different than standard FIAT.

LucasGC2014

Isn’t it weird to not be able to trust the exchanges you need to buy and sell an asset? This is like when people went crazy over GME converting to computershare instead of schwab/fidelity which was entirely unnecessary. If platforms can just steal your wallet doesn’t that add an illegitimate element to crypto that should give concern?

dormango

Consider first BTC’s mcap vs GME (for example)? Then consider the shorts % vs mcap of both. Then consider the liquidity of BTC vs the liquidity of something like GME. Then consider if the two are really all that comparable. Then consider what you’ve written again.

knuckle_buster69

And GME 🌎🚀🌙

_RonPaulWasRight_

It was on the r/wallstreetbets sub. Basically they noticed that there was a huge short position in GME, so large that in order to cover it, the hedge funds would need to source stock shares that exceeded the amounts traded in a typical day...which meant the hedge funds were overexposed on the short side. So, they all started throwing their money at it long. Well, that pushed up the price and created a powerful "short squeeze", where the hedgies were forced to cover their shorts, which pushed up the price even higher, etc. But, the same situation doesn't exist in Bitcoin, at least that we know of. It's nonsensical to say "let's all buy on X date." No, just buy it now if you want sats.

brando2131

>You guys realize he's single-handedly trying to centralize Bitcoin when he's buying up such a large portion of the available Bitcoin, right? You realize centralisation doesn't happen when you buy up all the available Bitcoin, right? Have you ever heard of NVIDIA centralisation? Or the wallstreetbets centralisation attempt of GME stock? No because that would be a silly thing to say.

gokhaninler

you're a moon boy i get it. Did the GME sub kick you out?

PeeCola

I did. Twice, first wasn't for BTC but GME, made an 8X in less than a month and paid the bank back with 0.00% interest as the interest only accrues on monthly basis, and the squeeze happened within my first month after the loan. Jan 2021, had a post about it can be found in my history. Just recently with BTC, last November, got a loan for 20% total interest over 5 years, price was $33K so I can already sell half of it and pay back the bank, but I'm better off just paying back the monthly loan amount the next 5 years.

TomSurman

Robinhood is the one that stopped people from buying GME a few years ago, in order to bail out their hedge-fund friends who were shorting it.

iSOBigD

Remember the last time crypto blew up and GME was big and suddenly all these shills and ads were pushing gold and silver? The same gold and silver that's lost value for years. They're just people who make money off of suckers buying that shit thinking they'll beat the market.

Rags_2_Riches_2

Got as much as I could when it dropped like a rock and wish I could have gotten more… but my cost average is currently around 21 per BTC and I am in double digits in coin. I need another drop to grab another dozen hopefully. Just the evolution of my GME run towards a million.

courtrye

A big part of its value is self custody. If they short and use synthetics like GME, that’s more real BTC for Microstrategy, Qatar, cyberpunks, Afghans, Japanese, etc.

karma_hit_my_dogma

I thought it came from the GME short

SmoothGoing

ETF can dump coins. They don't care about price since they didn't use their own money to buy coins. GME had a 140% short float. Bitcoin won't be like that, silly comparison.

8512764EA

Fixed Float grifting the GME-cult crowd. It wasn’t a hack or exploit. They planned it and it looks like a hack. Stop using shitty, shady sites

TheSourceOfUrAnger

When I say the essence is similar I mean that both groups have identified this ability for people to pool their resources together and store their value in something. And they see they can leverage their collective power to create opportunities for themself. Bitcoin is a more fleshed out iteration of that concept. In Bitcoin we all participate in a network and the more participants the more useful the network is, and the more people who try to collect the coins the more valuable they become. GME people get lost in the weeds and fail to see the bigger picture: yes, there’s a way to substantially improve your situation. And yes by pooling together our resources we can achieve something extremely significant. The GME people are getting caught debating the specifics, but they’re missing the forest for the trees. We can achieve something great here and we don’t need some entity to do what we want or rely on some arbiter to treat us fairly and judge us honestly. And in fact getting caught up in those type of elaborate things often functionally diminished the power of those people because they’re spread so thin between so many different ideas cause they’re constantly finding new things that they want to do.

yakubscientist

I’m ok with this. I love a tasty fire sale. I’m an ape from the GME saga- I can’t be hurt anymore. Bitcoin maxi 💪 🐂

JellySavant

Kinda view it in the same light as during the GME rally like yea obviously for the money but also partially to try and bring about change & send a message, hopefully

Disastrous_Gift_2003

Hmmm anyone remember the billion dollars of Brazilian puts on GameStop? Buffet owns the insurance companies responsible if GME breaks the market. He’s doing shady stuff in Brazil, guarantee that company is holding perpetual swaps on GME short positions being tracked via shitcoins.

Moist-Pickle-2736

I’d love to. I don’t know how much you already know, so please forgive me if I explain some things that you already understand. I don’t want to be patronizing. GameStop (GME) was declining in value and large hedge funds were making money with short positions, basically betting that the stock value would continue to decline. The pandemic only helped. Citadel Securities was one such hedge fund with large GME short positions. In 2021, fueled by r/wallstreetbets, GME became a “meme stock”, and retail investors were buying up shares like crazy. The price soared over 600%. These hedge funds with short positions suddenly found themselves MASSIVELY in the red. One of the risks of short-selling is that you can theoretically lose infinite money. So when GME went from $63 to $345, the hedge funds with hundreds of thousands (millions?) of short positions were losing millions of dollars every day. Hendge fund managers were fired, funds declared bankruptcy, managers and employees commit suicide. The people had spoken- and showed that WE control the markets, not THEM, and the truth was a tough pill to swallow. Enter Robinhood. The user-friendly, younger audience targeted stock trading platform. Already once fined by the SEC for manipulating trades and scraping some cash off the top of their users actions, Robinhood still became the center for this whole GME movement. As the price continued to soar, Robinhood froze purchases for the GME stock. Users who tried to buy more GME saw an error message. There’s another whole story here, but the gist of it is the loss of influx caused fear and the price corrected quickly, saving some hedge funds from bankruptcy. Users knew it was only their strong hands and continued buying power that kept the stock up. When nobody could buy anymore people got scared and started to sell, causing an avalanche. Many users lost everything when the bubble burst. In a later investigation, it was found that the CEO of Robinhood exchanged communications with the CEO of Citadel Securities, regarding freezing trades for GME on the app. Basically, Citadel Securities asked for Robinhood to prevent users from making money, because it was costing him money… Robinhood complied. This is a clear cut case of market manipulation, and yet Robinhood and Citadel Securities got off without so much as a slap on the wrist. The case was dismissed.

Shovelheaddad

That's how people got rich off of GME lol

simplicity92

Well, i enter during the same bullrun as you, When doge went bonkers during the leadup to SNL. CRO basically buying stadium naming rights. the GME X LRC thingy, when ONE IS 1. ROSES are red. Sold some making some profits. Anyway, i did dca during their bottom. Swap them over to BTC and ETH. Currently im in the green right now. So unless we go back to 30k BTC range, im still damn comfortable.

ArcherBullseye

Are the hedgies still verified to be overly short on GME?

myc4L

Robinhood left a sour taste in alot of peoples mouth when it decided to block trades of GME, without even saying anything at the time. When you mess with peoples money, you get a bad reputation. Alot of people didn't see the point in taking their coin off of FTX, Three Arrows, Blockfi, Core scientific, Voyager, Celsius, Hodlnaught, Babel , Zipmex.... Those people just don't have that Bitcoin anymore , nor ever will. Shouldn't need more than 1 example, but theres 9.

1stthing1st

That like saying why didn’t GME squeeze, and the answer is it did.

lordxoren666

These isn’t GME and Robinhood…

scrubadub

> The anti-Robinhood meme on this sub isn't based in reality. Do people already forget when they disabled the buy button of GME?

GoWest1234

Thank you. It works now for me. And i bought a bag of GME.

courtrye

For many, GME is also a protest to the broken systems that rule our lives. It’s difficult to say how it will turn out regarding profitability, but they are on the same team as Bitcoin in my opinion.

superTwist

Perhaps GME will throw their $1B into BTC

r66yprometheus

GME was a flash in the pan, flip. Good for a quick buck. That's all I ever took from it. I'll agree that there is a lot of stupid lingo being tossed around. "Squeeze" and people using "shorts" as a scapegoat for sh tty companies. "Diamond hands" and "HODL" are words I hate too.

TheSourceOfUrAnger

Except I can buy bitcoin by just giving someone a haircut and they send me bitcoin. Or I can put paper cash in someone’s hand and they send me bitcoin. And no one can stop that transaction from occurring. You can’t pay someone with GME stock and a select few people can halt gme trading at a whim.

TheSourceOfUrAnger

You don’t have to but bitcoin through a brokerage, rendering the entirety of your post based on a false premise. Bitcoin is fundamentally different from GME it ways that simply cannot be denied

someguyontheinter

I understand though, and you are right. Regulation can control the anonymity of bitcoin holders. Many European bitcoin brokerages already ask for passport/ID verification. The question remains how far the bitcoiners are willing to let it go before causing an uproar. And in this sub, as well as many other subs, EVERY news will be seen as ‘positive’ news because negative news is downvoted to oblivion. When it comes to GME the current course is definitely in the market maker’s favor. And I don’t think many GME holders will argue with that after seeing the vast amount of market manipulation we have seen. Where the two collide is in the idea of a future where the so called “regulators” (DTCC, SEC, FED, etc) actually represent every investor and no longer are able to be influenced by big money

TheSourceOfUrAnger

But see you’re unable to affect any kind of change if you have 0 dollars, even if you want to say this is some principled stand for “what’s right” even then it still doesn’t bring you closer to your goal to hold some random stock instead of putting the money in bitcoin. GME should be thought of like a lottery ticket, and Bitcoin is simply the ticket that gives more money more often, ignoring it only hurts ourselves, no one else.

TheSourceOfUrAnger

There are, and I hope they just divest from their pet projects and focus on bitcoin sooner rather than later- want to know what the average GMEer said to me during the GME debacle when I tried to get them to join Bitcoin? They said they thought they were too late to Bitcoin and that it cost too much and so they felt like they’re buying someone else’s bags. People in GME and WSB are in this “one last heist” mindset. Bitcoin has the potential to get them out of that cycle of perpetually gambling away their money on the next hot thing and actually get them to a real solution, and helping a lot of other similarly minded people in the process.

TheSourceOfUrAnger

We could talk about this for hours but the easiest way to address your response is simply to say I never took gme seriously cause if nothing else I always knew it was unlikely to result in significant profit for its participants. I always directed GME people toward Bitcoin, because I always believed it had a much better chance of effecting positive change in those people’s lives. I successfully got many of them to get involved in Bitcoin, and for that I’m glad. I understand the spirit of the GME people, I understand that injustice exists in the world, i understand people want more money, I just don’t believe GME is a realistic long term solution to anyones money problems.

TheSourceOfUrAnger

Except you can buy bitcoin by just sending someone bitcoin. Bitcoin doesn’t have a sign up process, you don’t need a phone number or an ID or even an address to send or receive bitcoin. If we met in person today you could tell me you’re from another country and have no papers no identity no nothing and I could send you 5$ in bitcoin and then you could send it to someone else. So actually no, GME is fundamentally limited in many ways that Bitcoin simply isn’t. I admire the spirit of the GME people, that’s why during the GME debacle I went in the wsb discord and recruited as many GME people to Bitcoin as I could, and I succeeded in getting through to many of them. Many of whom were saying to me then exactly what you’re saying to me now, and I walked them through the difference between gme and Bitcoin. I could go on and length trying to make a fair case for why you should listen to me, but I’ve honestly already put in my time. It’s about time for someone else to start continuing that crusade, I temporarily no longer care enough to keep persuading people.

someguyontheinter

That’s perfectly fine, and I’ll never blame you for that. I don’t know myself if GME will ever work out in the way I would like, but just the thought of the world understanding HOW the financial system is rigged makes this investment worth more to me then any dollar amount.

TheSourceOfUrAnger

I don’t hate GME wsb types, I just don’t think it will ever work, that’s why I ignore GME and focus on Bitcoin.

TheSourceOfUrAnger

Gme is a stock on an exchange. You can’t send someone gme stock as a form of payment. GME fundamentally can only go up if someone else is willing to pay more than you for it, meaning someone at some point is going to get burned and get left holding the bag, unless we assume GME is going to go up infinitely forever. More GME shares can be issued at will. Bitcoin is finite and capped to 21 million. Trading for stocks is only from Monday to Friday 9 am to 4 pm and can be halted for any stock on the nasdaq or nyse in an instant at the whim of a select few individuals. Bitcoin trades 24/7 365 and no one on the entire earth has the ability to turn it off. The GME essence is similar to bitcoin, that’s why during the GME debacle I tried to get as many GMEers to get in to bitcoin as possible. Because GME probably will never work. Bitcoin actually stands a chance. I could go on about this for hours, but I’d just be rubbing salt in the wound. I admire the spirit of the GME people, I think they’ve just misplaced their energy on something that’s fundamentally never going to work, if nothing else because you’re basically trying to get an advantage in a system where you’re fundamentally at a disadvantage. Yes the house always wins, yes that is unfair. But you’re unlikely to make it fair as long as you’re playing in someone else’s casino. Bitcoin removes that problem. In Bitcoin no one is in charge, so no one can pause trading or pull the plug etc.

someguyontheinter

I agree. We are two sides of the same coin. A free and fair market is what I support as a GME investor, securing my money from bad financial decisions from the government is why I invest in BTC.

someguyontheinter

Absolutely. People who don’t understand the GME saga see a group of idiots mindlessly investing in a stock that is steadily going downhill. People who understand the GameStop investors mindset understand it’s not about the money anymore. When news is positive, a company is paying off it’s debt, reducing operating costs, becoming profitable, has board members with a growing stake in the company and still has a serious amount of COH ready for any kind of investment it always reflects in a surge in stock value (PPS). ESPECIALLY if the the common idea was this company was about to go bust. The fact that the price continues to decline while improvements are being made shows GME is idiosyncratic compared to every other stock trading anywhere. It shows that the people betting against this company CANNOT allow true price discovery to take place.

Tris-megistus

GME play still going. Held down by institutions and regulators.

JustMyTwoSatoshis

Crazy people still use robinhood after the GME fiasco. Enjoy being unable to buy/sell at some point when you really want/need to

someguyontheinter

That’s hilarious. The “GME-people” have a similar hatred for economic corruption as BTC people. The difference is that over time BTC has become regulated and is slowly losing it’s purpose while the GME crowd will forever continue to publish financial corruption

TheSourceOfUrAnger

Unfortunately they lumped us in with the GME tards. Effectively making them look smarter than they actually are by associating them with us, and making us look dumber than we serially are but associating us with them.

PositiveBaker2916

Didn’t you know? Bitcoin and GME are your best options for retirement. Don’t bother with that 401k stuff it’s useless government bad, index funds bad.

Bonti_GB

The only thing I see wrong with this list is using Robbing hood. They have stolen from the poor and given to the Rich with AMC and GME. This is even called out at the end of Dumb Money. There was and is nothing stopping them from doing it again.

MulletAndMustache

lol, no I just have a habit of buying the top of everything. I'm still Hodling GME... I can wait to get repaid.

little-eagle

You have to click on Tap to verify to enter the group Note - I can't vouch that is the correct Telegram group you're trying to enter, make sure you go to the Telegram link from the GME website

courtrye

I tried going to my bank on a Sunday, and then I tried flying with $10,001 USD, and then I tried donating to Wikileaks from my PayPal account, and then I tried buying GME stock on January 28, 2021, and then I tried getting a bank account in Nigeria and Venezuela and Afghanistan and Turkey, and those were all pretty difficult too.

Z--370

How’d that work for GME

braamdepace

It because eventually money beats the message… see GME

GoWest1234

Why does GME have such a bad telegram group? No activity. I only see this: https://preview.redd.it/ulrctqgp69qc1.png?width=574&format=png&auto=webp&s=f94c448837cde4402c1b61d75cf6d178f36aebd9

DrRobertBottle

Short selling DWAC and using those proceeds to buy IBIT feels like a glitch in the system. Fingers crossed that DWAC doesn't pull a GME. The other issue is that most brokerages are out of DWAC stocks to short.

Ashfeze

Had to scroll too long to see this mentioned. The moment this goes back to ATH I’m cashing out. After the GME hype fizzled they haven’t rebounded at all😩

jmido8

LRC, but it's really my own fault. I stayed with them and kept doubling down on a sinking ship even though they had so many big sell signals like... ​ GME partnering with IMX and refusing to mention LRC at all despite LRC being a partner. The CEO leaving to start a new company with one of LRC's major techs. The EX-CEO dumping shitloads of his LRC and tanking the price. LRC / GME partnership ending with the failure of the GME marketplace. ​ I lost a lot of money on LRC and it taught me some valuable lessons, especially about taking profits and not marrying your bags. I was up almost 4x at one point with LRC, and rode it all the way down to -80% by doubling down with my DCA's. Just because something has a low marketcap compared to similar technologies, doesn't mean they will catch up to those marketcaps.

Moscow_Mitch

I’d just like some market transparency for retail investors. Anyone familiar with the GME and AMC sagas?

caseyreed97

How well did that go for Brett Harrison and FTX with their “backed 1 to 1” GME stock

Ging9tailedjecht

Shorts never closed. #GME

Cyrus-114

BLBY is just another shitty pump-and-dump scam, just like that guy trying to shill GME a few weeks back. It's dumping hard as we speak. RIP to anyone who believed these scammers and actually bought it.

_BannedAcctSpeedrun_

And last month it was those fucking GME idiots. Even the mods said they supported it. This sub is worthless and just a tool used for people to pump their bags and use us as exit liquidity.

Ging9tailedjecht

For sure. Some of us never left though. Little over 900,000 individual retail investors who only care about 1 stock. And we are DRSing our shares more and more every day. GME will go boom again. Shorts never closed.

Cyrus-114

There was a similar annoying poster on here trying to convince everyone to buy GME token. Remember that dude? Every other day posting a "I'M NOT FUCKING SELLING!" while showing his wallet going up to like $80k. Truth is, he was pretty much the entire liquidity pool.

StoneHammers

Can you withdraw your bitcoin from Robinhood now? I remember they were talking about adding the option years ago. Even if they did I would not recommend anyone ever use Robinhood they fucked their users over in that whole GME thing.

TheGentileOpressor

This is a reasonable question to ask considering how people are still burnt by GME and the notion that it would only go up due to the short sellings. Turns out Reddit bros were no match for the intellectual might of collective Hedge fund short selling vs one hedge fund doing it. You’re right in the sense we like the Reddit bros couldn’t possibly predict what the rich coporotate experienced manipulators might come up with for Bitcoin. What I do know though is that unlike GME Bitcoin was already facing collective short sellers and hedge fund bears for decades now and it has shrugged off most of their attacks. If GME is unable to do that then it tells me something is different about this asset.

AntonietteK

Congratulations on your successful predictions for $GME and $CHAT! It's always satisfying to see your insights validated, especially when others may have doubted you. Keep up the great work and continue sharing your knowledge and expertise in the crypto space. You could also grab some SolChat tokens from #Bitget's prize pool that has $16,000 worth tokens to be shared.

Badly_Rekt

I agree, but that's unfortunately how markets work. There will be either a lot of loser losing little amount of money for a few to gain big, or a few losing a lot for the many to gain rather small amounts (think GME and Robinhood saga)

opensandshuts

SOL is funded by VCs and Bankers. I feel like SOL is institutional investor's crypto product created in response to GME/WSBs. I wouldn't be surprised if it doesn't end up getting regulated almost as a illegal gambling site. SOL kind of makes me nervous because it start drawing all this negative attention to crypto when the government hears about people losing millions and millions of dollars ini rug pulls.

mutinomonem

Really surprised how ready everyone seems to forgive robinhood for the GME stuff regardless of being able to withdraw bitcoin or not.

DartanionT

The fact that 7.5 million have joined this sub and I realized hardly any are active, but we can’t collectively join together to make each other money off of moons is a perfect example of why this sub won’t do anything big like GME. If ever there was something we would all join in together on, you would think it would be moons.

remyworldpeace

Not quite the same, but when GME was trading at over $450 a share for a few hours/minutes (I can't remember which), it dawned on me that pressing the sell button once would guarantee I had enough cash to migrate and get married as planned then have no need to work for 6 months after as I found a new job in the new country. I pressed sell and never regretted for one second!

G1ngerBeerD

Whilst it’s unlikely to go to GME levels, I think it’ll go up significantly. I think a few on here will make some serious $$