Well is the same with stocks, many will fail miserably others will do well. As a conscious investor is in your interest being informed and try to make the right choice.
There are many pump and dump scheme in crypto with people investing in it just because they saw it on social media -they will get burn badly. I think the same apply to IPO in the stock market look at deliveroo or Coinbase. I personally believe doge coin is raising awareness about crypto currency but it will be used as a scape goat by traditional media to show how many people lost all their money in very volatile assets.
About government cryptocurrency I am sceptic. Anyway sorry for my rant I will shut up now since this thread is about GME.
It is not the same as stocks, as stock have a REAL value behind them They may fail but the product you buy into actually exists so much more different to a company just setting up a crypto coin with no real product other than the coin.
This is a potential pyramid scheme in so many ways as there is no real fundamental value in them but as I said I am not saying they will all fail and some will last, I think Bitcoin will go on and on, though many will fail.
I agree but there will be some need to not make the GME brand toxic with people losing money as well I think they can bail out the HFâs to an extent by releasing enough shares for a small squeeze so everyone can make X amount and the HF only lose X amount.
Then everyone is a winner in a way apart from the HF who lose a bit but not as much as they could have and the extremists who demand the financial markets collapse
You are 100% correct and I hate HFâs with a passion that short to kill companies and it should be illegal but GME should not try and get revenge at the cost of long term viability. Most extreme APES donât actually care for GME either, they are just greedy and see an opportunity same as the HFâs did.
With RC being the biggest investor and leading the turnaround I doubt theyâll be aiming for that. Very curious to see the vote results and direction after that
I am convinced that using NFTs for in-game transactions and loot-boxes would be a âgame breakingâ move by GameStop. Building that into a new gaming platform and taking a percentage off all auctions would be provide an endless, effectively âfreeâ revenue stream for both GME, players, and games developers who integrate with the platform.
With their most recent hires, RCâs obsession with customer service, and global brand recognition, they are perfectly positioned to really take a chunk of Steamâs business imo (letâs be honest, we all use steam because itâs the only platform that provides the basic level of functionality vs the alternatives, but it could be a lot better).
edit: also the ability to earn crypto in-game and spend at gamestop would be absolutely nuts.
Correct. The market is ripe for the picking. So many developer incentives. Transaction fees. Gamer ownership of digital games. Physical game sales online and possible ebay competitor for selling physical used games consoles and pc parts. So many possibilities. Very, very good long term value. Market is growing and steam have stopped innovating.
I think it helps to divorce GameStop the business from $GME the meme stock when youâre considering all of this.
For GameStop the business, the transformation is happening very quickly and itâs being led by a very credible team. Ryan Cohenâs credentials in this space look excellent and, for a guy who could quite easily have sailed off into the sunset, he must be highly motivated to take this challenge on. So, long term prospects for investment returns on fundamentals look very good - depending, of course, on how much youâve paid per share.
The phenomenon that is $GME the meme stock is a different matter. It helps to think of GameStop the business as being a bit of an accidental traveller in this journey. You could imagine it as an organism that has become infected with a parasite that now threatens the whole market. The price that the whole market has to pay to get rid of the parasite and function normally again is potentially enormous because nobody really understands the scale of the infection.
What you have to be absolutely clear on however, is that the âkilling the parasiteâ narrative runs independently of the âbusiness transformationâ story. Although they may intersect from time to time, itâs useful to see them apart. This also has an impact on the stock as a prospective investment. You can ride along for the long term on the transformation potential or you can speculate on the big payday that could come as a result of a squeeze. Both are valid. The judgment of when to sell or buy depends on your interpretation of whatâs happening and, of course, there will be winners and losers, wolves, fools and bagholders in this story as there are in the saga of any stock.
Whichever path you choose, timing is everything, whether itâs carefully planned or just serendipity.
If I were management why would I not seize the opportunity? Why waste it? What would be the best for the company? Take the opportunity or let it go to waste?
They may fail but the product you buy into actually exists so much more different to a company just setting up a crypto coin with no real product other than the coin.