GME

stoned_ocelot

If nothing else, GME taught me to be an absolute emotionless investor, dips don't scare me. Especially with crypto, I doubt its just gonna go caput, currently I'm just buying more bitcoin and ethereum every paycheck until we hit a new bull market. If things go like they did last bull market its almost guaranteed doubling of my cash. The longer this bear market holds the better as far as I'm concerned.

PovasTheOne

Its like when robinhood and a bunch of other exchanges halted buying on GME to ‘protect’ the investors. Which crashed the fucking price…

WidowMaker710x

Won’t be another GME.

rootpl

This is great news, another nail to the coffin for those bastards who were trying to short GME a couple of years back. Glad GameSpot is doing good!

christorino

I will no doubt get replied with LRC hodlers telling me to stay with it. I bought at like .35 when I realised the GME apes would hop on, I thought I'd missed it. Sold at nearly 2 dollars but bought more and did sell enough on the way down as I should've. Did make a good profit but man I wish I had listened to myself and sold when up 10x. Was just pure greed

MaybeImNaked

I'd say it's neither, at least for the majority. I'd venture most who get interested are looking to get rich without much effort. The venn diagram of people interested in crypto in general and other pumped assets (e.g. meme stocks like GME) is pretty close to a circle.

moneyevery3days

Losing words is certainly a risk but it's not an unsolvable problem. Theft by people in close proximity also a risk, but also can be solved by using passphrase on seed-phrase. On the other hand relying wholly on US companies comes with its own risks: * Civil asset forfeiture laws (burden of proof is on the owner of the property to prove that it was not involved in criminal activity) * Bail-ins * Retroactive crypto taxes * Theft by company employees (they may get prosecuted, but the company may not have the funds to reimburse depending on the scale of theft) * Social engineering of company hack attacks * Sim-swap attacks, if using SMS 2FA (which Robinhood supports) * Not a real exchange (remember how Robinhood stopped buys on GME?) Whether or not we trust these institutions, when it comes to preservation of wealth with crypto it doesn't make sense to fully rely on one structure (centralised company) over another (non-custodial wallet). You can still have a non-custodial wallet which uses US tech companies as a back up.

redbullandranch

Well said. I remember BTC coming out and thought it was a cool idea. I got into it during a run-up because I wanted to finally figure it out. Made paper gains but didn't sell and broke even. Since then though, I've been paying attention to things I didn't before. GME and the rigged stock market. Inflation and the loss of savings. Banks and the actual way they work. The constant fear mongering and keeping people afraid (across all markets) As I grow my reasoning changes. Profits come as a second to preservation of wealth and merely fighting inflation.

OverallHearing5

What’s even more interesting to me is that they changed the historical records for GME. Go take a look at their historical charts. They lie. Why though? I literally have transaction history that conflicts with their “charts”.

lordofming-rises

Boufmght LRC CRO and GME ATH. AMA!

BMXnRoidz

Ya na I've used Fidelity since Robinhood turned off the GME buy button. I was actually affected by that and moved my shit off that week.

Belnak

Doge had a huge run up in the excitement over GME. Elon had already been publicly supporting it and so did Mark Cuban and Snoop. Picking one of dozens of Elon/Doge tweets as the baseline for price comparison to today's is meaningless. As you said, he first tweeted on April 2, 2019. The price was .0025 then. Today it is .07. It's not down 79% since Elon backed it, it's up 280x.

MoskitoBlock

GME to the Moooon 🚀

ApeironGaming

Nope. It is still the apes movement around GME. DRSgme.org explains the why btw or r/Superstonk

Grilledcheesus96

I must be misunderstanding your point or not correctly explaining mine. GME has a market cap of 7B while AT&T is over 100B. So yes, it’ll definitely be easier to move GME than AT&T. I was attempting to say the reason retail could move GME when it did was because of how low it’s market cap was since market cap is “the price of a stock multiplied by its total number of outstanding shares.” If a company has a market cap of 1B and is at a price of $1, it’ll be much easier to move the needle on it than a company with a market cap of 100B trading at the same price. So yes, price isn’t really the determining factor but it’s a part of it.

ProjectZeus

There's a lot of financially illiterate people in the crypto space. There is in the stock market subs as well since the GME circus

Karyo_Ten

>There’s definitely more retail traders now than I was aware of, but moving a $5 stock is totally different than moving something like SPY or AAPL. Once the price increases a certain amount you essentially need institutional investors to keep the momentum going. You're making a common mistake, the price has nothing to do with momentum, inertia and such. GME price is currently $23. AT&T price is $16. Yet it's easier to move GME price than AT&T if you have a couple millions available.

Grilledcheesus96

I honestly don’t know what GMEs market cap was when that whole thing happened, but if I remember correctly it was like low single digits—so a pretty small market cap. There’s definitely more retail traders now than I was aware of, but moving a $5 stock is totally different than moving something like SPY or AAPL. Once the price increases a certain amount you essentially need institutional investors to keep the momentum going. That’s essentially what happened with GME. A ton of shorts needed to cover due to the explosion of the price—definitely brought on mostly by retail. And since the media and social media coverage brought a lot of attention to it, some billionaires like Mark Cuban (along with institutions) jumped on board to keep it going up.

Karyo_Ten

Hold my GME-branded beer

strongkhal

You're from WSB, life on blue chips isn't the same as Yolo in GME or Bed bath and beyond

3utt5lut

People trust Robinhood, and after all the bullshit they pulled with GME, people STILL trust them. They didn't go under at all, but they will throw the blame on SBF and Alameda Research, and wipe their hands clean of the bullshit. At least until the trial may expose more.

FinancialPeach4064

The "research" around crypto is poisonous. It's a speculative asset that is not valued based on its utility today. The sad truth is it may never see any wide deployment and fizzle out. Or all of global finance will be traded using this technology. Who knows? Place your bets. I see the GME in your flair, so I don't think this statement is going to land at face value with you.

Pullbee

I’m just going to keep my ledger, sooooo tired of having to keep switching devices, services and apps because of Tom foolery. BRB need to go DRS my GME and make sure it’s Book not plan!

Ofulinac

Nah, even Skynet could not predict the legendary humans will go to. What sane human or machine could predict GME type movements for example?

AdministrativeRent67

CFTC and SEC failed to regulate Wall Street and protect the markets overall. Suddenly they decided to move to DeFi and crypto? Paid actors, watch what happened to GME and other stocks when they decided to remove the buy button.

carsonthecarsinogen

Meme coins will disappear from the top 10 when adoption gets going. The average person would degen into a meme when their saving are on the line Similar to why you don’t see stocks like GME, AMC, SOFI in the top 10… the general public won’t gamble on it. Just my two highly regarded cents

Baecchus

And r/cc is still bagholding LRC, hoping for those GME rumors to pay off

eudezet

Here, a stocks sub, a GME sub

stho3

Within a 1 month period (Mar or Apr of 2020), I made about $11,000 day trading. I was trading mainly blue chip stocks. Gave it all back after the GME debacle. Never again.

trrrring

>LRC going to be nice next bull run, price should reflect its developments rather than the GME hype of last run. Tbh I think LRC's price will reflect both the development and the GME hype still. It's going to be a great price! I wonder how far LRC will go. I have high hopes for it.

Significant_Tear_302

GME wallet 🤷‍♂️

CointestMod

#Loopring Con-Arguments Below is a Loopring con-argument written by Maleficent_Plankton. > (This is mainly note-taking for future reference.) > > Loopring's entire hype is built around GME apes (as they call themselves). Very few people are actually using their platform. Instead, it's almost all speculative investing. People buy Loopring despite that its only use case currently is to build DEXs. I don't think 99.9% of its investors are building DEXs. There may be a future use case for staking, but I don't see how they can afford staking rewards when their fees and revenue are tiny. > > Even when people buy LRC, they aren't buying it on Loopring's platform. The vast majority of trading volume for LRC is on Binance and Coinbase. Loopring Exchange only accounts for 2% of LRC's trading volume according to Coinmarketcap and 0.2% according to Coingecko. > > Even if LRC's partnership with GME happens, that partnership doesn't directly affect the price of LRC via trading fees. Instead, transaction fees are paid to liquidity providers (0.2%) and developers (0.1%). > > In summary, it's just a bunch of investors speculating on LRC while not actually using Loopring's platform. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Loopring) to find submissions for other topics.

CointestMod

#Loopring Pro-Arguments Below is a Loopring pro-argument written by Grammar_Natsee_. > Loopring is one of the main Ethereum Layer 2's projects. Layer 1's will become ubiquitous for UX in the near future and the scaling solutions will overtake a huge share of the pie, LRC being somewhere on poll position. > > To spice this up, LRC inherits the GME's social traction for years to come. > > This cocktail (along with the quality of the dev team behind) could be the perfect storm for Loopring. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Loopring) to find submissions for other topics.

DBRiMatt

LRC going to be nice next bull run, price should reflect its developments rather than the GME hype of last run.

AnyPortInAHurricane

kinda like the con men over at WSB who frontran AMC and GME

AffectionatePeak9085

None from this sub. But I managed to get into loopring at 35c before it blew up by lurking in the GME sub. That's where I saw the Github screenshots which kickstarted the LRC mania. And just like my CC brethren, didn't sell lol Another token i managed to get in early is Rocketpool, which I learned from the Ethfinance sub. Bought my bag somewhere in the low teens. Been holding since.

donjulioanejo

Inherent value is: * Something useful. Example: food, oil, iPhones. * Something most people agree is valuable. Example: gold and silver, which have been valued by pretty much every society in history. * Something backed by an entity that gives it value. Example: USD, which is backed by the US government, largest economy in the world, and 10 aircraft carriers. Bitcoin somewhat falls into the second category. However, how much of that value is people actually thinking it's valuable, and how much of that is people banking on future appreciation? If it's the former, then yes, it has inherent value. If it's the latter, than it's a speculative investment not backed by anything. Even memestocks like GME are technically backed by a company with real assets and real income. You could, in theory, sell off all assets owned by GameStop or AMC and recoup at least a part of your investment. Note, this isn't necessarily that crypto itself doesn't have utility. Just Bitcoin. For example, ethereum generates money just by existing if you stake it. It also facilitates quick and easy transfers (Bitcoin needs a centralized layer on top of it via Lightning).

9_3_1

This is good advice even outside the crypto world. ​ I got in early on GME back in 2021 before the hype. I had about $10k in it. When it hit ATH, I was up over $100k profit. I got greedy and held it while it fell, eventually selling at around a 250% gain. That's still great, but missing out on >1000% gain was a real bummer. That $100k could have helped me retire early by the end of my career. ​ Pigs truly do get slaughtered.

CryptoBehemoth

I feel like the debacle around GME in January 2021 opened so many eyes to the realities of the market. People will say whatever they want about the WSB apes, but they did a phenomenal job of spreading awareness and educating the masses.

cosmoshistorian

To add upon ALM4N1AK’s questions, are there any steps being taken to further regulate finial crime hidden within FTX and stable coins. There is ample evidence that FTX minted GME.FTX coins to be used as locates and to suppress the price of GameStop Stock, this was also done using a number of other made up coins and stocks to suppress their prices. Is there any future prospects for REACT to bring justice to financial criminals who mint worthless coins to use in their practices of illegal naked short selling through Dark Pools? In addition, if you were to look deep enough into these areas you will also be able to find that Market Makers like Citadel Securities and in particular, Kenneth Cordele Griffen is at the center of these financial crimes. Also, does REACT have any intentions on making a push in the government and publicly for decentralized finance and to help do away with the blatant misinformation and lies the U.S. government and legacy media companies are pushing around cryptocurrency’s operations and viability?

AKM4N1AK

How do you expect to regulate crypto when you are failing to regulate the regular markets? What’s your opinion on FTX minting GME.FTX shitcoins to use as locates when Citadel/TheFed got caught with their pants down on the GameStop run. How is anyone supposed to take you guys seriously when we know you’re counterfeighting equities on the NYSE for the FED.

Probably_notabot

I’ll bet there are a ton of new people getting in the space who weren’t around for GME. It’s a shame really.

Ofulinac

People still using Robbinghood after the GME fiasco is insane

TOXICCARBY

How can people still trust Robinhood after the whole GME saga ?

skystarsss

Tell that to our american friends, they seem to be big on RH despite what hapoened with GME and some crypto during the last bull run.

ParadoxSebx

Good. After that whole GME scandal they deserve it.

Ofulinac

Robbinghood not going under after the GME stuff they pulled is just more proof on how quickly people forget.

OneThatNoseOne

This is it. I'm "surprised" no one calls out how the little difference between most stocks and tokens. Many stocks don't offer dividends any more meaning that realistically there's no real basis for a relationship between stock prices and company performance, with the exception of the small pool of very high quality stocks you can use as collateral for a loan. Which is exactly how stuff like AMC and GME trade so much like memecoins.

Substantial_Gene_15

Kinda missed the boat with doge. I don’t think it will get the hype it had first time around. It’s not as novel now and there’s no stimmys flying around. Same reason why GME is a waste of time.

frogiscat

\*GME PTSD activated\*

marketsimulator

Wasn’t robinhood selling your data long before GME? That was my first red flag for them

redbullandranch

Exchanges could sell more BTC than they actually have if you dont take them off. In a way its "proof of reserves" A similar thing happened with the GME saga, they "borrowed" shares from people's accounts because it's basically defaulted that way unless you fill out a form not to (DRS). Then they short the company with those shares, pushing it into bankruptcy, and the shares you have drop in value. They use your own investment against you

BentPin

I bought a 4090 from GME last month bro.

ShowtimerHD

I’m still HODLING my GME shares lol

ApeironGaming

I would „invest“ €20 in GME and the work (3h~) to DRS it (drsGME.org via Superstonk sub). Their floor per share is the counter at Gmefloor.com - the apes have been serious about it for over two years.

ApeironGaming

Eher Layer 2 and Layer 3 fees are just Cents and more fast you can imagine. Checkout Loopring/GME.

Hank___Scorpio

It's always fun watching a community learn a new word and just try to use it on everything. During the whole GME saga I bet those morons would go shopping and when they got to the register, if an item scanned as on sale that wasn't displayed as such, they'd grab the the cashier by the collar, shake them violently and scream into the intercom "Short SQUEEEEEEEEEEEZE". After the whole ftx debacle and the binance fud started, I imagine half the people in this sub would go to garage sales and berate the owners for only showing their assets and not showing their liabilities.

ApeironGaming

Great news! I really wish BTC guys would join forces with the GME apes from Superstonk

1984rip

I heard corrupt maxine Walters winked at him. So he'll probably get off easy. She also overhead the GME thing. Where the hedge fund for saved. Tired of these corrupt old politicians overhearing stuff like this.

99999999999999999989

So a mistake is not a lie. When I was first buying coins, RH did not allow them to be transferred out. I missed when they updated that apparently. But I would still never use them because of what they did with GME.

itfwg

Thanks for doing the right thing and moving it off exchange. This benefits everyone in the community so it can’t be artificially kept low like GME and can’t be frozen or confiscated. Bummer that the fees are a bit higher right now. Stick with it, it’s worth the dedication and sacrifice.

inthefirsthour

Keep the name of my wife out of your mouth! GME = 🚀 FUCK AROUND AND FIND OUT

AffectionatePeak9085

15 grand on imx and loopring. Let me guess… OP got caught up in the GME marketplace hype of q4 2021

lordofming-rises

Get GME out of your mouth! They rigged the game!

Sugar_Phut

That sub got toxic af after DFV gathered the GME troops

PaleontologistNo5569

Facts. The people who got rich off PEPE were few and far between. Believe me if a ton of people got rich off it they ALL would be posting in here constantly we could be seeing news stories about these people on Twitter EVERYWHERE. An example of this would be the Dogecoin millionaire all the people at GME Shiba Inu......no I haven't heard anyone come here to brag. The majority of people probably made a decent amount but the average person already missed out. It was just a pump and dump from the whales and people who were already rich.

RedBunery

Ah. The GME flashback. 😅

IANvaderZIM

I would insist that the change in supply is a direct catalyst for A bull run. As in any market. As for the astronomical pricing? Yes and no. On the one hand, hype is basically the reason ANY bull run goes from “just” a bull run to rocketships. This day and age, between social media and internet trading (with both bots and leverage) that kind of hype comes easy. At least easier than in past history. In recent times $GME went parabolic with crypto size gains, however tulip mania happened in… well it happens before the internet anyway, and tulip bulbs in holland went to ASTRONOMICAL prices in short order. I say this to illustrate both that hype isn’t exclusive to crypto, and that hype pretty much IS every market. Even after the hype, bitcoin’s mean value has gone up significantly after each cycle. Hell we’re 50% over last cycle’s ATH, and triple or quadruple our mean price from the last cycle. And before that cycle btc price was struggling to hit what, a grand? Excluding the blow off tops, btc still gains somewhere between double and an order of magnitude every four years. It’s more than hype.

dmicklock

Remember GME

manus101010

I used to have respect for WSB after GME but now I they can go get f***ed

throwingawaysaturday

you're never going to see this but still... dang zjz, you were supposed to be one of the good guys. Incorruptible. I had some exchanges with you before the sub blew up because of GME. Was there when it went dark for a day...[remember these days](https://i.imgur.com/T1ju00h.png)? Dang man...I guess this really is it for that sub :(

irockalltherocks

I believe there was a small migration after the GME influx, but as I recall, the new sub is invite only.

Informal-Ideal-6640

GME flooded the sub with more morons than ever before and the grifters saw the dollar signs

ipf000

For those of you that don't know, the WSB mods that were around during the GME days, were very anti-scams/promotions, and kept these two in check, were removed by these two and they now have full control of the sub to run scams like these.

EchoCollection

And they can have actually sway over Reddit as a whole. They drew millions of new user into reddit during the GME circus.

ElasticVinyl

I got banned from WSB for mentioning GME on a post about GME...

Dorkamundo

Yep, paying attention to that community helps a lot. Sometimes there's events that are too big to ignore, and you can make bank. Take Doge for example, once things started getting really popular with Elon and all that BS, it was fairly clear that the FOMO was gonna bring the coin up in value... But you needed to be smart enough to know that everyone in their mother would be trying to capitalize off the SNL appearance, and the only ones who profited off that are the ones that new they had to sell before everyone else did. This meant selling an hour before SNL aired. Everyone else figured there would be a peak when he did his "dogefather" skit, but they were too late. The LRC craze last year was another good example. We all knew about the crazy fanboys on superstonk loved them some GME, so when rumors started creeping up about a GMC-LRC partnership, it was clear that people were going to go nuts. Once I had solid evidence that the GME thing actually had legs, it was easy to get in for a few grand and ride the wave.

DjGorefiend

I remember being sceptical of GME when it was going haywire. Then I said fuck it and jumped in after a couple days of craziness. Needless to say I lost my money.

RedBunery

OpenSea, GME... Does the world need this many NFT marketplaces?

ItsVallacy

This token was to remember history and has a 264 year locked contract its for the people to decide what they want! But you could own 1 $GME for ever if you want is the idea. Its about community and history where the people took control and won.

mrruss3ll

This doesn't claim to be associated with GameStop, it's a meme token based on the WSB GME saga

WanttoPokesmOT

This is a huge scam. Buy the stock itself GME not this BS. Direct Register through GameStops transfer agent Computershare. You want pure DRS or book, not plan. No fractionals or DRIP. Hold or hodl. Shop at GameStop or GameStop NFT. Avoid this scam and own the real thing with a huge community of like minded investors. Also check out whydrs.org and drsgme.org. GameStop is a once in a forever opportunity and will not happen again. Don’t buy a fake GME token and make some nerd rich with your hard earned money. Own your stock through DRS instead of being a beneficial owner through a broker, and that goes for all stocks. Always register any stock through their transfer agent as the insiders do. DM me with any questions. ❤️

ItsVallacy

This is the real token if you want to talk to me on twitter as well its the same name here. GME to the moon this token is locked for 264 years and will be around longer then $GME most likely. This is a piece of history made for everyone!

Odlavso

I bought LRC right before the whole GME hype took over the sub and could have sold with a nice 6X at the top but I bought into the hype and held all the way back down to sell at like a 20% loss last month. ALGO is probably the only one I'm still holding some of just incase it does make a comeback underdog story for 2024

zoomercoomer9000

Won't use these guys since they manually turned off the buy button for $GME. Also heard they did something similar with DOGE.