What if you had invested bitcoin instead of gamestonk?

[Broly46]

Say, you invest on bitcoin instead what would be the plausible outcome, both of them are the same? Or there would be a vastly different outcome?

I’m witnessing the gamestonk get tossing around -70%, +600%, -50% on a single day trade, I don’t think it’s something very usual on bitcoin, some might argue bitcoin was way more volatile back dated, dump from 35 to 0.00001 on mt gox, or ethereum being literally dump to 0 after the flippening in 2017.

Is bitcoin much more resistance to such wild swings? Is bitcoin much resistance to naked short selling?

I think many gamestonk investors might be very pissed to be play around like a fool at this point, if it was me I’m sure I wouldn’t have absolutely no hard feeling toward such a debacle.

[so98nn]

Gamestonk is completely based on product and customer enthusiasm. They need to sell physically to gain the market. They need to service their products in later stages and if market interacts positively with them then investors “think” about them in anticipation that it will continue to do so.

We can assume that these bumps and dumps came along the way because gamestonk was able to peak their products in the market at right time with “high quality” automation.

.......*.........

In case of bitcoin, it’s completely opposite stuff.  A virtual currency with ever growing popularity and an asset which is being used by billionaires to make more profits and invest it into “gamestonk” and alike companies. It’s even bigger stuff when founder of Gamestonk himself is Bitcoin investor.

You see that’s what bitcoin is and yes you should have and you should invest into bitcoin only. 

[skarais]

Is bitcoin much more resistance to such wild swings?

Fluctuation is inseparable from bitcoin trading. If price are determined by market supply and demand, then I think the swings you mean will still happen. You must have also seen that bitcoin can fall by 12% or even more in 1 day, and these are all normal trade in bitcoin market. If bitcoin is sold on a large scale then the price will fall rapidly and I believe the market cant hold it and traders decide it.

Is bitcoin much resistance to naked short selling?

No, big sales by investors or whales can bring down the price of bitcoin quickly. But the market will recover over time. The market will always react quickly if bitcoin is sold on a large scale both in the short and long term and so when the demand increases.

[Broly46]

Is bitcoin much more resistance to such wild swings?

Fluctuation is inseparable from bitcoin trading. If price are determined by market supply and demand, then I think the swings you mean will still happen. You must have also seen that bitcoin can fall by 12% or even more in 1 day, and these are all normal trade in bitcoin market. If bitcoin is sold on a large scale then the price will fall rapidly and I believe the market cant hold it and traders decide it.

Is bitcoin much resistance to naked short selling?

No, big sales by investors or whales can bring down the price of bitcoin quickly. But the market will recover over time. The market will always react quickly if bitcoin is sold on a large scale both in the short and long term and so when the demand increases.

===

I’m bold to quote this for reference:

it took less than a day for big techs, big government and corporate media to spring into action and begin colluding to protect the hedge fund buddies on Wall Street. This is what a rigged system looks like, folks!

It doesn’t hold much truth but we can clearly conclude stock market is indeed very fragile , to recap, the gamestonk itself is very fragile, and it take less than a day for this Rome to collapse into pieces, (contradict to general consensus again who preach Rome is strong blah blah), yup, I’m sure bitcoin would have easily survive longer than one single day of “impeachment” among the elite, the bitcoin is designed solely to immune to man made manipulation.

Yup, bitcoin would have made the guy on Wall Street more than one day to work together to come up with some conspiracy, it is a lot much stronger.
===

Gamestonk is completely based on product and customer enthusiasm. They need to sell physically to gain the market. They need to service their products in later stages and if market interacts positively with them then investors “think” about them in anticipation that it will continue to do so.

We can assume that these bumps and dumps came along the way because gamestonk was able to peak their products in the market at right time with “high quality” automation.

.......*.........

In case of bitcoin, it’s completely opposite stuff.  A virtual currency with ever growing popularity and an asset which is being used by billionaires to make more profits and invest it into “gamestonk” and alike companies. It’s even bigger stuff when founder of Gamestonk himself is Bitcoin investor.

You see that’s what bitcoin is and yes you should have and you should invest into bitcoin only.  

===

I’m sure inventory is the main culprit, the inventory itself is toxic, by staking plenty of unsold inventory, gamestonk would simply pull themselves into debt trap, paying for garage overhead cost on top of the inventory, it has been discussed over and over again and Tim Cook being the strong stance on having absolutely no inventory in their balance sheet, yeah, gamestonk does have in a very bad position, bitcoin itself doesn’t have inventory from the beginning, it doesn’t have any overhead cost for storing, it might be even better than gold which would still require safe storage on top of the gold itself.

===

[joniboini]

At least one thing is clear, even if there's huge volatility and "possible manipulation", you can still trade Bitcoin even if some exchanges stopped trading BTC. That's not possible (or at least difficult) in the stock market, since you need a broker to make a trade.

If at one point those exchanges started stopping trades because some of their investors are trapped in a stupid position, you could trade on other platforms. As long as the exchange still processes the withdrawal of course.

[The Sceptical Chymist]

Gamestop stock is shit, plain and simple--it's a company that's in a downward spiral, and the only reason the stock is on fire is because it's being targeted by the Reddit crowd and probably a lot of others who buy stocks based on trends.  It'll eventually go to zero, just like Sears, JC Penny, and all of the other businesses that don't/didn't have plans to adjust their business models to the changing times.

I'd much rather own bitcoin than a single share of Gamestop--at least for the long-term.  In the short-term, there's probably still some profit to be made with the Gamestop play.  I'm not a stock market gambler, however, and that stock isn't for me.

At least one thing is clear, even if there's huge volatility and "possible manipulation", you can still trade Bitcoin even if some exchanges stopped trading BTC. That's not possible (or at least difficult) in the stock market, since you need a broker to make a trade.

Then there's that aspect of this whole thing.  Apparently you can still buy Gamestop stock, but the amount is limited if you're buying on margin.  That's what TD Ameritrade said, anyway.  I haven't been following what Robinhood has been doing all that closely, but they suck and don't deserve any attention.

[Coyster]

There are prolly quite a lot of stocks, as well as investments that I would pick Bitcoin before, not even cause such stocks or maybe Investment options like gamestonk is clearly bad, but basically cause Bitcoin is better and offers more to it's community of users. Since the influx of traditional institutions into BTC last year, the message became somewhat clearer that there's certainly more fate now in Bitcoin; people are in a frantic search for a hedge against the inflation coming for our fiat currencies, and last but not least, it's a great feeling 'banking' yourself, all that which BTC affords.

Is bitcoin much more resistance to such wild swings? Is bitcoin much resistance to naked short selling?

Bitcoin isn't a 'safe haven' to explicate it using that term, but Bitcoins resistance to certain events is waxing stronger as the network improves with the passing year, 2020 was a good test with the pandemic, one that BTC passed with a good mark, Bitcoin may not be totally resistant, but with the backing of institutional Investors now in the market, sharp and significant plunges will reduce significantly.

[20kevin20]

If the entire damn internet decided to re-apply the same thing they've done with GME but with BTC instead, I doubt BTC would be more resistant to those swings. It's the market just going crazy for a while.

To be honest, I don't have a solid proof for this but I remember Bitcoin swinging wildly in most bull runs it had before, and the negative swings are quite strong as well. To me, it only seems like they're trying to replicate what cryptocurrencies do during bull runs but in an even more appealing way in order to attract customers from crypto back to stocks.

[CarnagexD]

I believe the main reason they did thr Gamstonk pump wss because they want to take revenge on rich people taking advantsge of the common joe, so with investing in GME you can pride yourself to being part of this noble cause. But if it's long term and secure profits you are looking for, then BTC is the answer for you hands-down.

If the entire damn internet decided to re-apply the same thing they've done with GME but with BTC instead, I doubt BTC would be more resistant to those swings. It's the market just going crazy for a while.

To be honest, I don't have a solid proof for this but I remember Bitcoin swinging wildly in most bull runs it had before, and the negative swings are quite strong as well. To me, it only seems like they're trying to replicate what cryptocurrencies do during bull runs but in an even more appealing way in order to attract customers from crypto back to stocks.

Well that can also be true but primarily, they did this to just bankrupt the rich who picks on GameStop's stocks and have been using it as a money maker while the company is in deep gunk and shambles, not to mention the millions of dollars these bankers take from their client which added fuel to these enraged redditor's will.

[davis196]

Gamestonk is completely based on product and customer enthusiasm. They need to sell physically to gain the market. They need to service their products in later stages and if market interacts positively with them then investors “think” about them in anticipation that it will continue to do so.

We can assume that these bumps and dumps came along the way because gamestonk was able to peak their products in the market at right time with “high quality” automation.

.......*.........

You don't know what you are talking about.The revenue of Gamestop is going down.This company is dying,that's why all the Wall Street brokers wanted to short the GME stocks.
The physical video game business is going down and companies selling game keys like Steam and Origin are dominating the gaming market.
Anyway,the digital business model(including Bitcoin and the crypto industry in general)is way more flexible and scalable than a business model,which depends on selling physical items and maintaining inventory.

[stompix]

We can assume that these bumps and dumps came along the way because gamestonk was able to peak their products in the market at right time with “high quality” automation.

High-quality automation? "Their" products?
Do you have a clue what that company is about?
It's a damn videogame retailer with physical shops (5000 of them) and they are closing most of them, even during the pandemic when the demand for gains was high they haven't managed to capitalize on it since they had to close a lot of their store and their online sales weren't able to compensate even a bit.

All those companies that rely so much on physical shops will end out of business, you simply can't afford to compete with online sellers, and especially in things like digital merchandise, those are not clothes you want to try out, not apples you want to touch or smell before putting in the bag, those are pieces of data, all of them the same, going to a store brings you no advantage. Besides, right now people that find a new game title they immediately search on google for the trailer and gameplay, it's a hundred times more convenient to do this from the comfort of your own home. Nope, video game stores are going the way of video rental stores, and game stop will die too if they don't adapt for real!

In case of bitcoin, it’s completely opposite stuff.  A virtual currency with ever growing popularity and an asset which is being used by billionaires to make more profits and invest it into “gamestonk” and alike companies.

I simply can't picture the person smart enough to invest in BTC, make profits, and then invest in GameStop, unless he is hit in the head by a falling flowerpot somewhere between these steps.

I believe the main reason they did thr Gamstonk pump wss because they want to take revenge on rich people taking advantsge of the common joe, so with investing in GME you can pride yourself to being part of this noble cause.

A "noble" cause like revenge, yeah "noble".

[Lorence.xD]

Gamestop stock is shit, plain and simple--it's a company that's in a downward spiral, and the only reason the stock is on fire is because it's being targeted by the Reddit crowd and probably a lot of others who buy stocks based on trends.  It'll eventually go to zero, just like Sears, JC Penny, and all of the other businesses that don't/didn't have plans to adjust their business models to the changing times.

I'd much rather own bitcoin than a single share of Gamestop--at least for the long-term.  In the short-term, there's probably still some profit to be made with the Gamestop play.  I'm not a stock market gambler, however, and that stock isn't for me.

Debatable, if you were a hedge fund piece of shit then Gamestop is a gold mine for you because of shorting the stock price, but if you are just a individual investors aka "dumb money" then it really is not good for you because the prices are going down no matter what happens. But when it comes to choosing, I would go for bitcoin plus having one share of Gamestop isn't that a lot so it is a no-brainer, the time it takes to get a profit is far better than stocks, in 2-3 years time you can take a big profit with bitcoin. The only advantage with Gamestop is over, if you had invested in it when the hedge fund pieces of shit are still shorting it then you could have had a lot of profit but right now, I don't think so.

Then there's that aspect of this whole thing.  Apparently you can still buy Gamestop stock, but the amount is limited if you're buying on margin.  That's what TD Ameritrade said, anyway.  I haven't been following what Robinhood has been doing all that closely, but they suck and don't deserve any attention.

Yeah, that is what you call a market manipulation, they do not like what is happening so they have to do what it takes so they do not lose a lot of money. Robinhood right now is the epitome of an asslicker.

[Hydrogen]

Looking at my notes from 7/19/2020.

MATIC (Matic Network) $0.022680 (value on 7/19/2020)

Value today: $0.04041

Aave (Lend) $0.0347112  (value on 7/19/2020)

Value today:  $4.2563

ERD (Elrond) $0.013542  (value on 7/19/2020)

Value today:  $0.069

FIL (Filecoin) $18.76   (value on 7/19/2020)

Value today:  $22.95

ADA (Cardano) $0.123645   (value on 7/19/2020)

Value today:  $0.4305

MKR (Maker) $459.53   (value on 7/19/2020)

Value today:  $1,707.09

THETA (Theta) $0.65   (value on 7/19/2020)

Value today:  $2.12

KAVA (Kava) $2.71   (value on 7/19/2020)

Value today:  $2.47

....


Over the last 6 months many ALTs I thought about buying and holding increased in value. With the exception of KAVA.

Which appears to indicate there were, and perhaps still are, many opportunities in crypto not many are acknowledging or discussing atm.

Personally, I might avoid the more heavily traded and crazily fluctuating assets. And try to find ones that were more predictable and stable.

[el kaka22]

Gamestop is a lot more volatile right now because of what is going on but in the long term it is going to be a lot more stable you can be sure of that. Any stock could become more volatile than bitcoin in short term but in the long term no stock is as volatile as bitcoin could become.

Think of it this way gamestop stocks were stable for over a decade, never really do crazy moves, have a very crazy month or two and then go back to stable prices even to bankruptcy in the future maybe. Whereas bitcoin has been volatile for the past 10 years, sure it wasn't as volatile as this 2 months gamestop were volatile but it has been more volatile than gamestop for 10+ years except just few months. Think about it that way and you will see the point.

[Broly46]

At least one thing is clear, even if there's huge volatility and "possible manipulation", you can still trade Bitcoin even if some exchanges stopped trading BTC. That's not possible (or at least difficult) in the stock market, since you need a broker to make a trade.

If at one point those exchanges started stopping trades because some of their investors are trapped in a stupid position, you could trade on other platforms. As long as the exchange still processes the withdrawal of course.

===

Yup you can still trade, provide those centralised exchange didn’t freeze your fund, btw we can’t expect crypto market to have totally no “protect the whales” interests too, you wouldn’t know some centralised exchanges actually bend over to the sec demand and freeze people of their fund.

===

Gamestop stock is shit, plain and simple--it's a company that's in a downward spiral, and the only reason the stock is on fire is because it's being targeted by the Reddit crowd and probably a lot of others who buy stocks based on trends.  It'll eventually go to zero, just like Sears, JC Penny, and all of the other businesses that don't/didn't have plans to adjust their business models to the changing times.

I'd much rather own bitcoin than a single share of Gamestop--at least for the long-term.  In the short-term, there's probably still some profit to be made with the Gamestop play.  I'm not a stock market gambler, however, and that stock isn't for me.

===

To not totally own a part of them, I’m sure in reality we rarely can performs “all egg into one basket” due to complexity on liquidating some fund in real life, most of our fund are usually very illiquid. I’m very bad at allocating fund into many baskets too, but it’s possible to, say 50% on bitcoin, 50% on gamestonk. Yup, this way we are hedging on possible uncertainty, I’d prefer people to allocate their fund instead of totally on bitcoin or gme, in this case, they have to be either right or wrong, in reality I rarely made a perfect decision, I’d said I’m 50% right on betting on bitcoin, and another 50% I’d bet it on other safe havens.

Yup, it would be a tragic gme would soon be part of the company that goes broke just like wework, I’m not saying gme is a too big to failed need to be bailout company, it’s always they need the investors mercy to save their failing market, when money stop going in even wework could goes broke, but on this debacle, I’d say investor trying to save a company that they say they “love” it, but the hedge fund decide to destroy it instead, yup, emotion is strong in this debacle, I’m not pointing who did the right or wrong thing, I think it’s going to spend money to decide who is going to be the Mr Right.

===

At least one thing is clear, even if there's huge volatility and "possible manipulation", you can still trade Bitcoin even if some exchanges stopped trading BTC. That's not possible (or at least difficult) in the stock market, since you need a broker to make a trade.

Then there's that aspect of this whole thing.  Apparently you can still buy Gamestop stock, but the amount is limited if you're buying on margin.  That's what TD Ameritrade said, anyway.  I haven't been following what Robinhood has been doing all that closely, but they suck and don't deserve any attention.

[/quote]

===

There isn’t many big exchange that would accept big volume of trading, some of them biggest exchange, TD and robinhood, yup they properly control >51% of the volume of total trade, people could go to any other smaller exchange, but you would expect a lot of constrains too by using smaller exchange, they would also rarely have made less impact on the market manipulation. In conclusion, to manipulate a market, only the biggest exchange has the power to do so, you would always have whales monopolies on the big exchanges, they know very well they have total control by going big.

===

There are prolly quite a lot of stocks, as well as investments that I would pick Bitcoin before, not even cause such stocks or maybe Investment options like gamestonk is clearly bad, but basically cause Bitcoin is better and offers more to it's community of users. Since the influx of traditional institutions into BTC last year, the message became somewhat clearer that there's certainly more fate now in Bitcoin; people are in a frantic search for a hedge against the inflation coming for our fiat currencies, and last but not least, it's a great feeling 'banking' yourself, all that which BTC affords.

Is bitcoin much more resistance to such wild swings? Is bitcoin much resistance to naked short selling?

Bitcoin isn't a 'safe haven' to explicate it using that term, but Bitcoins resistance to certain events is waxing stronger as the network improves with the passing year, 2020 was a good test with the pandemic, one that BTC passed with a good mark, Bitcoin may not be totally resistant, but with the backing of institutional Investors now in the market, sharp and significant plunges will reduce significantly.

===

There is no contest whales definitely could move the market easily with their influence, it’s all the result of people having stimulus check, PayPal shills, and a couples of calculated risk, they decided to go into this investment, I’m sure there are here just purely for the profit, you wouldn’t expect they come to help build the community to a better place, although they could pretending they’d do everything for it, the only person who I would pay salute is the guy who willing to go homeless and sell their house, cars everything to get into bitcoin, yup there is none, may be there is only one person who actually willing to loss everything to get it, we all should already know who is it.

===

If the entire damn internet decided to re-apply the same thing they've done with GME but with BTC instead, I doubt BTC would be more resistant to those swings. It's the market just going crazy for a while.

To be honest, I don't have a solid proof for this but I remember Bitcoin swinging wildly in most bull runs it had before, and the negative swings are quite strong as well. To me, it only seems like they're trying to replicate what cryptocurrencies do during bull runs but in an even more appealing way in order to attract customers from crypto back to stocks.

===

If you take a look at those gme frantics, they’re a lot of following the market shills, they’re trading it, they’re hating it on the manipulation, they’re even going mad and storm the capitol for it, it does indicate the severity of this debacle, and how much “stimulus checks” are on the tally of this debacle, there is no doubt, gamblers would risk that stimulus check on gme, that’s their only cash left on their wallet where they’re full of debt to pay that would left them have zero saving their entire life, however the stimulus check literally has very little impact to save the market from total debacle, it’s full of mysterious, nobody could explain what’s going on, thing are falling apart, people are blaming each other, I’m sure it would be left with a lot of conspiracy in the future.

===

[dothebeats]

Gamestop stock is shit, plain and simple--it's a company that's in a downward spiral, and the only reason the stock is on fire is because it's being targeted by the Reddit crowd and probably a lot of others who buy stocks based on trends.  It'll eventually go to zero, just like Sears, JC Penny, and all of the other businesses that don't/didn't have plans to adjust their business models to the changing times.

Pretty much this. As much as I'd love to support the reddit nerds in their enthusiasm to protect Gamestonk from giant hedge funds, there's literally is no way for the company to survive after all these are said and done. It will surely be written in history books as a representation of David and Goliath in contemporary times, with the Davids of Reddit proving to be victorious because of the power of friendship but that's about it. Gamestop's sales and business strategy isn't doing them any favor, and no matter how many times r/WallStreetBets saves their asses, for as long as their business model and structure remains the same in this game of never-ending change, they're always bound to go bust no matter what.

At this point, the GME stock was surely a money-maker for a week, and one should have sold their bags almost immediately when the prices are through the roof. It's saddening though that a lot of redditors are kinda guilt-tripping people to hold the line and lose money just to save some meme stock from collapsing. On bitcoin, it's just you and your decision alone to buy or sell. No guilt-trippers, no decisions based on memes, and advice from a dedicate memer that happened to struck gold in his quest to defend a meme stock he wants to protect so bad.

[tomahawk9]

In case of bitcoin, it’s completely opposite stuff.  A virtual currency with ever growing popularity and an asset which is being used by billionaires to make more profits and invest it into “gamestonk” and alike companies.

I simply can't picture the person smart enough to invest in BTC, make profits, and then invest in GameStop, unless he is hit in the head by a falling flowerpot somewhere between these steps.

i'm a member of a fairly small cryptocurrency-related discord channel and there was this dude who fomo bought GME at around 330 and also fomo bought thousands and thousands of XRP during the spike in price from a few days ago (he showed us legit pics of his new "investments"), he allegedly did all of that with a chunk of his BTC and ETH profits...can't find the msg to screenshot it, i think the channel admin deleted it, but yeah, ppl are dumb af, and to some with big pockets the buy high-sell low meme is actually a way of life 

Gamestop is a lot more volatile right now because of what is going on but in the long term it is going to be a lot more stable you can be sure of that. <...>

"we won't give up,🖐️💎💎🚀🚀🚀 hold the line...long-term gang" LOL

gonna be more "stable" cos the price is going to go back to where it belongs which is the sub $5 region, then it's gonna be a flatline until the end of time because there's still some stubborn investors who will always believe in the "prosper future that lies just ahead for this company"...tragic stuff, tbh

[20kevin20]

Well that can also be true but primarily, they did this to just bankrupt the rich who picks on GameStop's stocks and have been using it as a money maker while the company is in deep gunk and shambles, not to mention the millions of dollars these bankers take from their client which added fuel to these enraged redditor's will.

So how exactly is pumping GME considered bankrupting the rich? By pumping it, isn't that just making the rich investors who've had GME stocks.. even more rich?

To me, it's simply not logical to take stock pumping as a way of fighting the rich. It sounds like "let's purchase gold and silver so that the rich get wrecked!".. We'd actually be helping them!

[Dutchyyy]

I think people were buying Gamestop not to make money but to prove to the big players that the ordinary man still has some power.

I skipped as I stick to crypto, yet these people succeeded in some way.

[20kevin20]

I think people were buying Gamestop not to make money but to prove to the big players that the ordinary man still has some power.

I skipped as I stick to crypto, yet these people succeeded in some way.

The fact that Reddit became a pretty censored platform favoring ths Elites makes me doubt it was the ordinary people who've launched this initiative. It's quite hard to do something like this nowadays with a mass of people without having somebody cut off your plans - think of protests. Can you launch one on your own? All massive protests in my country are initiated by a certain political group with a certain purpose. This is my personal take with GME as well, but I might obviously be wrong as well.