The GameStop drama and what does it mean for Bitcoin

[HeRetiK]

I don't think anything very important or unusual happened. There was just another pump, after which the initiator of this whole idea to buy up GME shares sold them and remained in a huge plus. Perhaps for beginners this will serve as a lesson and they will draw some conclusions for themselves.

u/DeepFuckingValue doubled his position just a few days ago. The dude made a shit ton of money from call options, but never sold a single share.

He keeps posting his position on a semi-regular basis:
https://www.reddit.com/user/deepfuckingvalue

And given how deep the SEC has been up his ass lately I doubt that he's in a position to fake any of it.

Still, WSB is still alive and kicking. That wasn’t a one time story pump, despite the bloodbath many of the subscriber got recently.

My only fear is big money is going to infiltrate them only to use them for their own purposes.

To some extend I think it's already happening. But then every now and then comes a gem like this one:

"I am going to short the whole country of South Africa."
https://www.reddit.com/r/wallstreetbets/comments/lkzviy/i_am_going_to_short_the_whole_country_of_south/

Reading through his thought process and then the actually thoughful responses on why it's not going to work shows that behind all these shit posts there's actually a glimpse of sanity on WSB.

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[acquafredda]

Still, WSB is still alive and kicking. That wasn’t a one time story pump, despite the bloodbath many of the subscriber got recently.

My only fear is big money is going to infiltrate them only to use them for their own purposes.

Historically, the latter has always proven unavoidable. Unless it is a complete stealth project and no one knows who they are (in a way like no one was able to cohort Satoshi Nakamoto as no one knew who he was), infiltrators from the outside to direct WSB actions can come forth.
We would know if that happens when the targets change: if we are able to find who is/are the enemy's target then we could understand who is behind them.
Hopefully, no one will be ever able to do that.

[fillippone]

To some extend I think it's already happening. But then every now and then comes a gem like this one:

"I am going to short the whole country of South Africa."
https://www.reddit.com/r/wallstreetbets/comments/lkzviy/i_am_going_to_short_the_whole_country_of_south/

Reading through his thought process and then the actually thoughful responses on why it's not going to work shows that behind all these shit posts there's actually a glimpse of sanity on WSB.

Lol! thanks for pointing me to this pearl.
The market has a special corner where they pile the corpse of those who tried to short the ZAR.

[Karartma1]

Still, WSB is still alive and kicking. That wasn’t a one time story pump, despite the bloodbath many of the subscriber got recently.

My only fear is big money is going to infiltrate them only to use them for their own purposes.

Historically, the latter has always proven unavoidable. Unless it is a complete stealth project and no one knows who they are (in a way like no one was able to cohort Satoshi Nakamoto as no one knew who he was), infiltrators from the outside to direct WSB actions can come forth.
We would know if that happens when the targets change: if we are able to find who is/are the enemy's target then we could understand who is behind them.
Hopefully, no one will be ever able to do that.

How do you know that wasn't some form of coordinated shit already? I don't buy that sorry since what they've done there couldn't be done with some external approval, if you know what I mean.
On the other side, I agree on what you said about satoshi, I'm very much glad he disappeared from the scene long ago and I hope so much he was able to have some others bitcoins (other from the satoshi's known stash) and that he's able to live an happy life on that.

[acquafredda]

I see what you mean but there is no evidence of what you imply here: I may concede that WSB was started for a reason but I am not as ready as you in making these kinds of conclusions. Let us not always manufacture the story that suits us the most but let us keep our eyes open.
To spice it up, will WSB be able to do another gigantic move? That is what intrigues me.

[JohnBitCo]

[mazdafunsun]

I think you are drawing parallels which should not be drawn currently.
GME saga where the retail investors are against hedge funds who have exchange's under their thumb is different ball game . They are trying to get the stock down and profiting by doing so. Bitcoin is seen as people's money but the general idea with btc is fight between people and government which is printing money like crazy not people against hedge funds.

[PonZZ]

I was like sleeping in a cave for the last two weeks. Can somebody explain me what finally happened to Gamestop stocks?

[mindrust]

I was like sleeping in a cave for the last two weeks. Can somebody explain me what finally happened to Gamestop stocks?

Went up by a lot then went down by a lot. Then it went up again. Looks like it is on its way down again but who knows... maybe it is just catching its breath.

Here is your tldr:

[lixer]

I think you are drawing parallels which should not be drawn currently.
GME saga where the retail investors are against hedge funds who have exchange's under their thumb is different ball game . They are trying to get the stock down and profiting by doing so. Bitcoin is seen as people's money but the general idea with btc is fight between people and government which is printing money like crazy not people against hedge funds.

Who do you think governments print that money for? It is the same hedge fund managers that got the money and same banks and so forth that got all those printed money. When the world was in danger and economy was crashing governments print money and give it to corporations to continue operating and not bankrupting, while not paying the people a lot of money. Reality is that we have seen about 3.4k or so per person right?

Well, corporations have seen 3 trillion dollars total, I do not know how it was distributed but it could have been nearly 6k per person more money if that money was given to people but governments were afraid business' would go bankrupt and instead of giving it to people they gave it to companies. So, basically bitcoin was created against government that ruined fiat to help hedge funds that fights with wall street bets, all ties together and all are in a war.

[Daltonik]

GameStop has placed a vacancy for a security analyst who understands blockchain, cryptocurrencies and non interchangeable tokens (NFT). The position requires a bachelor's degree and more than five years of experience in the specialty. GameStop clarified that the future employee must be constantly in touch and take calls outside of business hours.
https://careers.gamestop.com/job/analyst-security/J3V0R174DZHKP9C5FVQ