GameStop, GME, is back in action. The stock was up 95% today when you include the after hours session.
The entire GME saga was, in large part, a reflection of how badly the plebs want to stick it to “the man”. (If you haven’t seen the Netflix film Dumb Money, go watch it. It’s all about GameStop and what happened a few years back. It’s great.)
Problem is, they chose the wrong instrument. GME is a listed stock. It is a part of the fiat financial system. It’s under the control of centralized parties who have (and still can) halt trading, or prevent retail from buying it on an exchange.
If he wants to rebel against a broken system, TheRoaringKitty should be pumping #BTC . Here’s why 👇
24/7/365 liquid market. BTC never stops trading and has never been halted.
While GME is significantly overvalued relative to its fundamentals, #Bitcoin is not. BTC is legitimately undervalued relative to its potential. BTC is 1,000x better than gold. At minimum BTC overtakes golds market cap which puts the BTC price around $700,000/coin.
GME is a dog-shit company. It’s riding on speculative mania. Nothing wrong with speculating. But when the music stops, this thing is going to drop like a stone. In contrast, #Bitcoin is the most secure network in history and BTC the asset is the best-performing asset in history. BTC has staying power.
Both GME and BTC have sharp drawdowns. But BTC has a history of recovering and making new highs each cycle. We know it’s going to bounce back. When GME declines, who knows if it’ll ever bounce back? In other words, BTC is a much better (and safer) store of value.
GameStop’s best days are behind it. Bitcoin’s are ahead of it.
The best form of rebellion against a broken and corrupt financial system is to stop supporting fiat money. Stop supporting the banks. Stop buying bonds. Invest your life’s energy in the one asset that was engineered to preserve it and grow it over time. Invest in the one asset/network that can never be stopped.
I’d love to see all of that passion from the TheRoaringKitty community channeled towards something useful and sustainable. And there’s even more money to be made in #Bitcoin over the long term. He’d be doing his community a huge solid.
danieleripoll / Rip VanWinkle⚡️
npub13g0…vg79
2024-06-07 22:24:47
Author Public Key
npub13g07ylkcawqjdkwwzhzm8swdwzmnknqpeh2qejumrqzvv6njqtds8evg79Published at
2024-06-07 22:24:47Event JSON
{
"id": "c51450e33fcda2cb307053d7cbe17bb5fdc4de12680136cd5ba922d1b58d505a",
"pubkey": "8a1fe27ed8eb8126d9ce15c5b3c1cd70b73b4c01cdd40ccb9b1804c66a7202db",
"created_at": 1717791887,
"kind": 1,
"tags": [
[
"t",
"btc"
],
[
"t",
"bitcoin"
],
[
"t",
"bitcoin"
],
[
"t",
"bitcoin"
]
],
"content": "GameStop, GME, is back in action. The stock was up 95% today when you include the after hours session. \n\nThe entire GME saga was, in large part, a reflection of how badly the plebs want to stick it to “the man”. (If you haven’t seen the Netflix film Dumb Money, go watch it. It’s all about GameStop and what happened a few years back. It’s great.)\n\nProblem is, they chose the wrong instrument. GME is a listed stock. It is a part of the fiat financial system. It’s under the control of centralized parties who have (and still can) halt trading, or prevent retail from buying it on an exchange. \n\nIf he wants to rebel against a broken system, TheRoaringKitty should be pumping #BTC . Here’s why 👇\n\n24/7/365 liquid market. BTC never stops trading and has never been halted. \n\nWhile GME is significantly overvalued relative to its fundamentals, #Bitcoin is not. BTC is legitimately undervalued relative to its potential. BTC is 1,000x better than gold. At minimum BTC overtakes golds market cap which puts the BTC price around $700,000/coin. \n\nGME is a dog-shit company. It’s riding on speculative mania. Nothing wrong with speculating. But when the music stops, this thing is going to drop like a stone. In contrast, #Bitcoin is the most secure network in history and BTC the asset is the best-performing asset in history. BTC has staying power. \n\nBoth GME and BTC have sharp drawdowns. But BTC has a history of recovering and making new highs each cycle. We know it’s going to bounce back. When GME declines, who knows if it’ll ever bounce back? In other words, BTC is a much better (and safer) store of value. \n\nGameStop’s best days are behind it. Bitcoin’s are ahead of it. \n\nThe best form of rebellion against a broken and corrupt financial system is to stop supporting fiat money. Stop supporting the banks. Stop buying bonds. Invest your life’s energy in the one asset that was engineered to preserve it and grow it over time. Invest in the one asset/network that can never be stopped. \n\nI’d love to see all of that passion from the TheRoaringKitty community channeled towards something useful and sustainable. And there’s even more money to be made in #Bitcoin over the long term. He’d be doing his community a huge solid.",
"sig": "339e8037d3d3803154872fda24dcc02a5c9d643fc49e4c3c484a9f698db3e130cf993db1e176fe6f8cd3b247e74345d89fa79699538d2a4f2511e67795f25636"
}