GameStop Is Rage Against the Financial Machine

Re:GameStop Is Rage Against the Financial Machine by vincentmarle on Wednesday January 27, 2021 @05:20PM (#25934891)

> At some point somebody will be left holding the bag

The same applies to Bitcoin, though, for the past 10 years. Someone's holding the bag at $30K as we speak...

Gamestop can (theoretically) go the same way.

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Re:GameStop Is Rage Against the Financial Machine by xur17 on Wednesday January 27, 2021 @06:46PM (#25935795)

Bitcoin is a bit different though. Gamestop shares can't be traded freely / directly p2p. You can't self custody your Gamestop shares. Gamestop can issue new shares, majorly diluting the supply, etc.

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Re:GameStop Is Rage Against the Financial Machine by chillacy on Thursday January 28, 2021 @01:10AM (#25938805)

I heard this comment at 12k and now I'm hearing it at 35k, I think it's worth being honest that nobody knows the future and if we did know where the top is, we'd short it (which you can with DeFi now from my understanding).

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Re:GameStop Is Rage Against the Financial Machine by sjg007 on Wednesday January 27, 2021 @08:18PM (#25936824)

Bitcoin is basically a universal hedge.

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Re:GameStop Is Rage Against the Financial Machine by sjg007 on Thursday January 28, 2021 @02:08AM (#25939065)

Nobody can de-list bitcoin. Countries can outlaw it but that won't stop and can't stop it. It's exists in the dystopian end game.

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