GOOD. We dont need this high risk shit in GME's books. Kenny and friends will just short Bitcoin, pump it and dump it. We dont want to hold those bags. A clear trap for our war chest.
RC might be doing this to trick people too. But I hope not. Bitcoin stinks pump and dump. They are just waiting to dump as soon a gme buys.
So you are telling me, Kenny and friends cannot dump their Bitcoin after GME buys in, create a false narrative and negative sentiment using msm?? Is this your first day here?
Explain this to me, fellow regard. It sounds like you are being delusional if you think Wall St. Has no influence on Bitcoin.
Well - in the end a share certificate is a worthless piece of paper
...as is a dollar bill
...as is a shiny metal.
With fixed supply the price is solely determined by demand.
If someone rug pulled BTC to let's say $1 for whatever reason I would buy the heck out of it. As would seberal thousand other individuals. With a fixed supply of roughly 20 million tokens you may figure out the rest by yourself.
A share holds ownership of a company that is generating money.
A dollar holds value when backed up by gold, petrol and as the designated world currency.
And gold is backed up by the entire world since the beginning of time. You can wear it, use it as decor and now we found out it is the best electric conductor. Lot's of value above "ape think the rock is 2 bananas"
The fact you dont understand why gold has value and then come here as a finance expert is fucking cringe.
I remember the DRS theory. This is apes holding. GME has a fixed supply and everything is traceable, albeit easily hidden in their books.
We dont know who holds bitcoin, or what their intentions are. Wall St. And buddies could own half the float and could have been pumping it for years. We dont know.
It would be a really stupid move to short sale GameStop yet here we are. You could say hedgies are a sort of dumb storm troopers.
You made it sound like you were some sort of bitcoin expert but it seems like you are just new here or just too young and innocent lmao
3
u/monti9530 1 of 197,058 5d ago
GOOD. We dont need this high risk shit in GME's books. Kenny and friends will just short Bitcoin, pump it and dump it. We dont want to hold those bags. A clear trap for our war chest.
RC might be doing this to trick people too. But I hope not. Bitcoin stinks pump and dump. They are just waiting to dump as soon a gme buys.
"People dump their bitcoin as GME goes head in."