GameStop tokenized stock FTX
Changes to DTC Collateral Haircuts-Beginning May 2, 2022, for Settlement Date May 3, 2021. Decoding Ryan Cohen last two tweets(5:40 & 5:04) look familiar to May 4. Then the “Dumb StormTrooper” Tweet…May the force(fourth) be with you. $GME $BBBY
Calling all APES! Looking for an exciting project on the bsc? Look no further! $APE is a community run token with a ton of stuff in the works. Utility token and website launching soon! Unruggable community token. AMC/GME apes already taking notice. Don’t miss out!
Russian economy expert takes a drink to the death of the Russian stock market. This is why I save in Bitcoin instead of gambling on stocks that get diluted by executives gifting themselves stocks bonuses every year, or increasing the total share supply like GME & AMC when they get a bit of attention
GME received $100m in IMX as part of their partnership with ImmutableX. Immediately after the announcement as the price pumped, they dumped $30m of this on Huobi and Binance. Text book insider trading: They used the announcement to pump and dump IMX.
Let me get this straight. We know that the markets are manipulated to a degree. Yet when the wallstreetbets group had their GME stock run, the leader of it gets dragged into court? Then all of a sudden it's an issue? Oh please. I day trade. I literally see the manipulation.
Do you know why I included GME? What I said about cult mentality isn't unique to crypto, not sure what your point was. Your other example are poor. In your examples, those guys are fanboys of APPLE's or starbucks' PRODUCTS. THis isn't the same shit as being cult like towards apple's stock. Chances are many of the fanboys probably aren't online trying to convince people to invest in Apple's stock. For crypto, the only product that they currently have is the coins that have value because any idiot decided to buy it. It doesn't generate anything. A public ledger of proof doesn't mean anything. It doesn't do anything that we couldn't do right now. Most of the products that people like you love to brag that crypto can solve are things that exist due to socioeconomic policies that can easily be solve if there was an actual NEED for it. A public ledger isn't anything worth driving home about, it could be replicated if need be without the need for the current coin.
But not unexpected. People here treat crypto as a cult any attack on the cult will be defended insults because that's the only choice they have. All investment needs to speak for themselves if you need to rationalize or justify why you should invest (gamble) on an asset then maybe that asset isn't worth gambling on. You see the same shit with GME. Good investments don't need a cult to justify why you should buy it, its performance and whatever it produces should do the job.
Soooo..... y'all know that company Bill founded? That super small one that isn't very important? You know.... Microsoft? They're balls deep in crypto with patents, partnerships with IOTA, use cases for ETH, etc. Bill stepped down as CEO in 2008 and the market cap of MS was about 250B. At market peak late last year, MS was north of 2.4 TRILLION under the leadership of Satya Nadella. Sorry Bill, everyone becomes a dinosaur at some point. Or maybe you're shit talking because you're massively short GME, a company that is pivoting to block-chain tech, and maybe.... just maybe you have a vested interest in that failing?
Next week they'll tell us they have a small position in GME and AMC. Then a month later they will announce that they opened up a small position in a safe silver mining operation that will start proving in no later than six months.
Yeah… maybe for MSFT and AAPL on a longterm timeframe. GME on the other hand… nah. Hard pass. Overinflated meme stock. Speaking of inflation, you realize GameStop is a company directly impacted by it, right? I seriously look forward to their upcoming earnings report. Y’all come up in here preaching GME far too often, it’s the equivalent of preaching about the “greatness” of SHIB and DOGE… we all downvote those ppl, yet the cult of GameStop is always upvoted because, well, the cult is strong with y’all… Shit is tiring.
Yeah, that's right. Or they'll find somewhere else to do business. The hypocrisy of people wanting Coinbase to limit what you can and can't buy is absolutely astounding in this community. Remember how everyone reacted when Robinhood restricted trading of GME last year? Apparently not.
That’s because doesn’t have a consensus coin/asset. I think he’s referring to the subs that exist to discuss an individual coin or asset. There are hundreds of the communities operating in the identical model (GME, WallStreetSilver, Safemoon, etc.) The whole purpose of these subs is to reinforce the narrative about their asset, convince owners to keep holding and outsiders to buy so the original investors can get rich
1. Exchanges provide access to people who wouldn't have it otherwise. 2. Stocks in general are toys unless you hold commanding shares. The environmentalist BS is absurd. 3. Seethe 4. Crypto is nothing, fiat is nothing. It's all believed value based on faith. 5. Lol at qualifying it with a "non-stablecoin". I don't take out mortgages payable in AMZN, AAPL, GM, or GME so I don't understand the point they're trying to make. 6. Ignorant rambling. I don't even understand what they're saying. 7. Because there's absolutely no volatility in world markets whatsoever. Morons. 8. Another inappropriate usage of the term "ponzi", and if it was, there wouldn't be people who have made money from crypto. I guess Vitalik was running a mafia extortion racket at age 19, weighing 110lb soaking wet. 9. It's like fiat cash except without borders. No government to fuck it all up. 10. So then what are you so scared of?!
Thats irrelevant, because 90% of crypto investors invested in the last couple of years, off the highs because they thought they'd get rich. Crypto is a great concept and blockchain based currencies will thrive, but its become a speculatory bubble just like ARKK, Tesla or GME.
i see how most everyone is responding positively to this ... but i cannot be anything but skeptical when it comes to this kind of stuff like all i see is just another way to separate the haves from the have-nots ; i just see another black wall of non-transparency for the corpo funds and insane KYC/AML for the 'retail' market exactly like what just happened with WSB/GME/AMC/Melvin/Citadel/etc ; 'we need more oversight on these peasants! how dare they call us out on how we cheat and rig the system!' ; and ofc nothing was done to protect the little guys , but everything was done to cover up for robinhood and their cronies =/
I just barely made it into Gen Z (as I was born on its first year), but I wouldn't say I am hooked on crypto, and especially not NFTs. If anything boomers seemed to be hooked on to it now after the GME event, because when I hear my dad watching news in the other room they are always talking slander about crypto or "Reddit's next meme stock". I personally would love crypto to take off (more than it already has and obviously more after the crash), but I will invest responsibly and if it fails, it fails, and I always have my other investments. I also hate how Gen Z is pretty much used as a "lol dumb kids" tag these days. I have a degree in Computer Science and Economics and do a lot of research before I invest into anything, probably 1000x more than what Doug who heard from buddy that he should invest in X oil stock (welcome to Canada, Alberta) had done. Young doesn't mean stupid, and if anything young means progress and intelligence because we can learn from those older than us who are incredibly stupid.
There is certainly an element of Moons effect but also huge growth the sub bas experienced this last bullrun, as well as GME-ization, also people like to shitpost outside this sub too so that's nothing new Happy Moons distribution to everyone!
Counterpoint, while LRC is down 85% from ATH, that ATH was all based on GME apes throwing all their spare change at the coin. It's still up 20% from where it was pre-GME rumors (October 2021), while other coins like BTC and ETH are down 50% or more from those dates. The GME partnership is not where my interest lies. I'm happy it was announced, as I got in earlier and sold a good chunk of my bag in the high $2 range... But I'm more interested in it as a scaling solution with ZKrollups and ZKsnarks and their potential for running DEX's the future.
Pre-GME hype it was hanging around $0.35 in October and has been at about $0.45 lately. So it's still technically up about 25%. Where are the other coins now compared to where they were in October of last year? BTC was at 63k in October, it's now half of that. ETH was at about $3800, it's now half that. Most all coins were trading at twice what they are now back in October, and are heavily red now yet LRC is still above what it was at that exact same point. So I guess I have to ask, why wouldn't you be drinking the Koolaid as well considering it's basically been more resilient than non-hyped coins in the same time period?
>Now they think somehow the fundamentals of a failing business have changed enough to call it a “top company.” While I agree calling it a "top company" is silly as hell, the business is not exactly failing. They're in the midst of a transition that, if it goes as planned, will likely be very lucrative. But that's all speculative. The GME apes are a silly bunch, but just because they've adopted LRC based on the GME partnership doesn't make LRC a bad investment. Low market cap, viable use-case, specific mentions by Vitalik Buterin on how valuable LRC can be to the ETH environment are all reasons to be optimistic. But shills gonna shill.
> … doesn't the fact that someone is paying thousands for a rock NFT give you thoughts that perhaps the overall landscape might be a bit overvalued? There are people that pay hundreds of dollars to eat gold foil in part of their meal. Here is one example https://twgtea.com/teas/loose-leaf/yellow-gold-tea-buds Surely that is overvalued? Personal choice is an important part to this, the kid that make the rock NFT wasn’t an artist, and he didn’t put a gun to anyones head. The price is set by what people want (and are willing) to pay. I don’t judge the entire marketplace for cryptos and blockchain by what happens for NFTs. There are lots of value in NFTs to show ownership of big ticket/rare items or to track such items preventing theft. Cars have anti theft etching done to prevent theft, and I can see that changing to an NFT on the blockchain that transfers ownership with the car. I can see that working to prevent stolen cars being sold. That isn’t the same thing as a digital rock created by a child. > It should give some people pause that the big crypto pump happened when GME and memestocks were skyrocketing. Why are you not looking at the big picture? What was happening during COVID-19 at the time? What happened to the stock market itself? You’re saying the crypto pump and pump in stocks happened because of meme stocks?
Fair point. Blockchain will go on. But doesn't the fact that someone is paying thousands for a rock NFT give you thoughts that perhaps the overall landscape might be a bit overvalued? It should give someone people pause that the big crypto pump happened when GME and memestocks were skyrocketing. What is the true value of the landscape and blockchain?
I find this hilarious. LRC shills go on about “partnerships” then say shit like this. Before the Reddit exposure, GME was headed into the dirt. Now they think somehow the fundamentals of a failing business have changed enough to call it a “top company.” Sure bros…top company. Brick and mortar game store. In a time when brick and mortar struggling to compete with online and has for years. Oh but now they are doing an NFT marketplace, because that will be successful right? Everyone loves NFTs! Fuckin lolz
Those bags must be heavy I remember LRC ppl screaming buy at over $2 cause the NFT marketplace announcement was gonna launch LRC and GME to the moon. GME boys been screaming buy as the stock has dumped 45% this year
What if the entire crypto community made a massive push to buy tether. Get the GME community to get in on the short squeeze. Lets all put money in until it's $2.00! that will show all muh ponzi normies lol. I just bought $75 in tether to do my part. Lets F'ING GO /r/cryptocurrency
There is a difference between Loopring the company and the LRC token. People will tell you that LRC will go up because the token is burned during transactions that will happen on the GME marketplace but that is categorically false and outdated information. The LRC token is no longer burned, therefore transactions occurring on the GME marketplace will not effect the coin price. However, loopring has mentioned that eventually they will have a DAO and the DAO will be able to vote on potentially re-introducing token burn in the future. You could invest assuming that that will happen but WHEN it happens is entirely up to loopring and they have a lot of huge projects going on like zkEvm and the inevitable GME marketplace launch that I don’t know how many resources they will be dedicating to their DAO in the coming year. As of right now the only thing effecting the LRC token price is people buying in (which could certainly increase with GME marketplace launch, but we all already know about loopring and the ‘official’ announcement of the loopring and GameStop partnership had no impact on the LRC token price. The other thing that effects the price is that new marketplaces that want to launch using the loopring protocol need to hold at least 250k LRC tokens. However, given that there’s over 1.3 billion LRC tokens in supply, hundreds of new marketplaces willing to invest significant capital to run on loopring even though there are cheaper alternatives available would need to materialize before there would be any significant price impact. I’m an ape and I’m rooting for every single LRC hodler. As bullish as I am on the Loopring company, I am not investing in their token at this time.
Because when GME pumped during that craze they froze it and backed the institutions (that were getting fucked over by it) over the little guy who was trying to smartly make money off it. They deemed it too volatile, and manipulated or whatever, and halted it before it got out of control. A lot of “damage” was still done though. And the average people rightfully are angry about it because RH showed its hand and what/who they really care about, but I feel like that’s a no-brainer. They’re gonna back the people they do business with (before they lose millions or billions of $$$ because of their trading app) and want to keep the status quo the way that it is without extreme situations like the GME shorting or whatever. It was a messy, illegal decision and they waited until it blew over, and now they are dealing with the backlash. 🤷♂️ I like the app just fine, but that call was bullshit and people have every right to be pissed at Robinhood for fucking them over. They are dealing with the fallout from that choice, but when shit starts pumping a lot of people are gonna be using that app because of how nice it is.
Sounds like you are not a GME ape. If you are, then you would not ask this question. It traces back to January 2021, when Robinhood did not halt GME trading but turned off the buy button. It’s a deep rabbit hole. SuperStonk has your answer.
Yeah, sometimes sorting by controversial is a good way to find actual “hidden gems” LRC for instance dropped back down to pre-GME-confirmation pre-GME-hype price. And that’s the issue - with low cap coins, so much reactivity in the price is due to simple hype. Which is great if you know how to “time” the hype and not be the last one left holding the bag.
I’m asking what about GameStop launching on LRC will cause LRC to moon? If LRC the token plays no role in the actual usage of the market, where is the moon case? I don’t see it. As for why I hate GME? Personally I think it’s a garbage company that has delivered exactly nothing while the stock is up 20x from where I bought in ($5/share in early 2020). But it makes a good swing trade. The real reason GameStop rubs me the wrong way is because the cult that believes they’ll make $100m a share has obliterated any reasonable discussion on every investing subreddit. Bear case for gme? Instant downvotes. Any event happens anywhere? It’s shorts covering GME. Vote count will reveal all! And when it didn’t, it was blamed on another conspiracy. RC tweets anything? It’s a clue! Because he can’t say the truth so he can only leave clues! They never admit being wrong, and continue to spread their nonsense anywhere they can think of. Even the UST/Luna mess last week was blamed on Ken Griffin for Christ sake. It’s absolute cultish insanity that defies logic, while they make constant coordinated pumps on subs to loop in new, gullible investors. It’s basically the equivalent of an MLM at this point. That’s why.
Yeah honestly i’ve been planning on buying ever since I heard about the whole GME situation and got introduced to crypto from there. However if the US Treasury decides to pose legislation on stablecoins, that could potentially ruin the whole marker for me and others. Besides I’m still inexperienced and i’d like getting that experience sooner than later, So let’s hope for the best.
If I offered you 5-10-20-50% guarantied return or told you that if you buy something from me now it will have a X10 value in the future would you give me the money trusting me? No you wouldnt you would say to me to go fuck myself and that Im a scammer pitching a ponzi. And now look at crypto, everyone is offering guarantied returns or if you buy now wealth awaits later. The reason its falling apart is because its hard to find new idiots to buy at a higher price, if new investors stop coming in ponzi falls apart. And I dont even want to start about idolizing CEOs or Devs like a divine beings. following them blindly like cult leaders, every coin is THE coin and will change the world, fighting against people in power (clasic cult invisible enemy). How the fuck is betting on magic internet coins fighting crime or corruption? It does nothing except being used for speculation, no utility, no implementation, why would it be worth? Because it writes numbers on the blockchain? And dont say to me you can pay in crypto, because when you pay something in crypto you use a card (visa) that converts crypto into fiat. So you pay with fiat, nobody accepts crypto, they accept payments where you turn your magic coins into fiat. Reality will settle in soon, all of you HUDL HODL idiots will realize you were HODLING so the ponzi doesent fall apart and so that those at the top can pump and dump all day long. You are at the level of those GME cultists that think shitty unprofitable brick and mortar will change the world, and if they buy and hold the stock it will be worth millions. They are fighting coruption, they have an Idol, and gamestop is the change the world needs. For over a year and a half those guys made a cult and ignore anything people who know something tell them. Its always FUD and Shills when someone says something they dont want to hear. Why does it sound so much like crypto world? I know how GME cultists react, so I think you will react like them also, you are in the same scam. Shit on me all you want, but I dont care because I know in a year there will be a lot of u/deleted around here. If someone says they can guaranties to make X amount of % gains or that if you invest now and your investment will guaranteed be worth 5-10-20X in X amount of years, its a scam.
#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. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/umsqe8/monthly_optimists_discussion_may_2022/).
#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.
Assuming constant or increasing demand, if the supply on exchanges is lower, the price on exchanges should increase. It’s definitely not sustainable and would likely trigger a lot of sales, thus putting bitcoin back on exchanges. Not sure if exchanges can sell more BTC than they actually have… I mean, it’s not unheard of considering all the stuff going on with GME stocks. Definitely not the only way to contribute. The best way is to buy more and get others to do the same!