I own quite alot of GME myself. The MOASS or infinite losses being described is a possibility no doubt and a reason why so many jumped in. Keep in mind if.....infinite losses occur, this sounds like, YES we are all wealthy monetarily, however a complete and total market and currency crash is also a very likely outcome. Take that for what its worth, noone knows its never happened. But having millions of worthless dollars is something to keep in mind. Which should mean the smart ones immediately re divest into other options of value, not a Fiat currency.
My speculation is the GME wallets will be the "buckets" to capture the new currency of the next 50 years. They will be used for company dividends, GME tokens, stable coins, DAO governance models for voting on ideas/projects, NFT'S and a way to crush the shorts with their synthetic "shares".
You will have a unique footprint on the blockchain that cannot be counterfeited. It's your GME fingerprint. It's an attempt to have a pure financial corporate model (or at least a step up from the whorehouse that is Wall Street today).
I havent dove too deep in the NFT and blockchain plans gamestop has going. I tend to revert back to extreme hesitation if we are actually faced with a currency dissolution and another replacement relies on electricity for access. Ill be converting Fiat to tangibles and tradeables. All very reasonable speculations there though and I think it would be prudent to see how those play out if this all rolls out as the "apes" are speculating.
It's just a speculation. I agree with you, tangible assets should be prioritized before crypto and NFT. I'm pretty invested in physical silver and got some gold laying around. I'm not invested in any cryptos or NFTs, but alot in GME shares (xxx).
For this reason it's gonna be a hectic few weeks when it does take off. I'm definitely gonna sell a portion on the way up/down (not looking for a top) to put it into gold/silver/cyprto/land immediately while the frenzy is going on
I own quite alot of GME myself. The MOASS or infinite losses being described is a possibility no doubt and a reason why so many jumped in. Keep in mind if.....infinite losses occur, this sounds like, YES we are all wealthy monetarily, however a complete and total market and currency crash is also a very likely outcome. Take that for what its worth, noone knows its never happened. But having millions of worthless dollars is something to keep in mind. Which should mean the smart ones immediately re divest into other options of value, not a Fiat currency.
My speculation is the GME wallets will be the "buckets" to capture the new currency of the next 50 years. They will be used for company dividends, GME tokens, stable coins, DAO governance models for voting on ideas/projects, NFT'S and a way to crush the shorts with their synthetic "shares".
You will have a unique footprint on the blockchain that cannot be counterfeited. It's your GME fingerprint. It's an attempt to have a pure financial corporate model (or at least a step up from the whorehouse that is Wall Street today).
Hold.
I havent dove too deep in the NFT and blockchain plans gamestop has going. I tend to revert back to extreme hesitation if we are actually faced with a currency dissolution and another replacement relies on electricity for access. Ill be converting Fiat to tangibles and tradeables. All very reasonable speculations there though and I think it would be prudent to see how those play out if this all rolls out as the "apes" are speculating.
It's just a speculation. I agree with you, tangible assets should be prioritized before crypto and NFT. I'm pretty invested in physical silver and got some gold laying around. I'm not invested in any cryptos or NFTs, but alot in GME shares (xxx).
Do you know there are more than 10,000 cryptocurrencies that have been created over the past few years, and MOST of them have gone bust?
One dropped 98% in value in ONE DAY, just a week or so ago.
For this reason it's gonna be a hectic few weeks when it does take off. I'm definitely gonna sell a portion on the way up/down (not looking for a top) to put it into gold/silver/cyprto/land immediately while the frenzy is going on
We’ll be wiping our asses with hundo’s friend...!
My hundies will be gold and silver bullion and a chunk of acreage i can wipe my ass on every leaf with