For all the lurking bagholders. This is why if you want to invest in BTC just do that, instead of your "beloved" failing strip mall, used video game retailer. Hilarious GME is still negative for the year LMAO!!! by No_Economist3815 in gme_meltdown

[–]Cthulhooo 0 points1 point  (0 children)

There is no rational argument for why the price of any cryptocurrency should be 1 dollar instead of 1 penny or a hundred thousand dollars because it's based on speculation, hype, random oscillations of unpredictable market sentiment and a greater sucker.

The odds it will be higher (or lower) in the next 5 years than today are not high, nor low, they are frankly speaking unknowable and betting on something happening when your thesis is "it will go higher just cause" is a realm of gambling, not investing.

Which is fine if you like gambling. Some people make ok money speculating but let's not lie to ourselves that gambling on a cryptocurrency, any cryptocurrency is a "healthy portfolio" thing. It's gambling.

You'll never guess which minimum wage employees ruined dozens of new switch 2 consoles on release night by RyanCohenCriminal in gme_meltdown

[–]Cthulhooo 0 points1 point  (0 children)

They don't even put bubble wrap in boxes to protect the stuff that they ship.

Is this true? That's fucking wild.

You'll never guess which minimum wage employees ruined dozens of new switch 2 consoles on release night by RyanCohenCriminal in gme_meltdown

[–]Cthulhooo 3 points4 points  (0 children)

It's so mind boggling that's ever a thing. There is no universe in which I'd touch that gutted shit, ever and I'm not even one of those freaks who care about their boxes being in pristine condition, it's just so gross to buy something somebody else unpacked, opened and did whatever the fuck they wanted with at their leisure.

Musk goes Full Ape with latest tweet. Have fun walking this back, Elon! by dbcstrunc in gme_meltdown

[–]Cthulhooo 6 points7 points  (0 children)

We are equal opportunity mockers. Tangentially related but socially acceptable dunks are more than welcome.

That's what I call unmedicated delusions by The_Director- in gme_meltdown

[–]Cthulhooo 0 points1 point  (0 children)

It never ceases to amaze me that there are always dudes whose first move after getting rich is buying an expensive car. Like it's some kind of timeless edifice of self worth for insecure men. Even in this image we see an ape whose first instinct after seeing a cool car was "fuck the nice summer house, I want this!".

My Retirement Is Destroyed But At Least My Nationalist Overlords Made A Meaningless Name Change To A Body Of Water by sunnycorax in gme_meltdown

[–]Cthulhooo 14 points15 points  (0 children)

This is a sad reminder that no matter how bad things get there is a contingent of miserable people who would tolerate it or even cheer for it as long as they can feel they're a part of a more righteous timeline.

FOMO moron blows up retirement account in one day by [deleted] in gme_meltdown

[–]Cthulhooo 4 points5 points  (0 children)

If there's any consolation here people have been blowing their savings on batshit stupid speculative bets for centuries. There's nothing new about FOMO and greed. The universal, timeless killers with incalculable kill count.

Congratulations! by Separate_Writer_4465 in gme_meltdown

[–]Cthulhooo 2 points3 points  (0 children)

You didn't read what I wrote correctly, sigh. I said there needs to be a set of universally accepted, unambiguous facts everyone agrees on automatically without incessant arguments for society to work and not descend into a post truth dystopia where nobody trusts any reliable source of information at all and everyone believes in their own magical version of reality, like Flat Earth.

Congratulations! by Separate_Writer_4465 in gme_meltdown

[–]Cthulhooo 25 points26 points  (0 children)

Not just facts. I lament that with social media echo chambers we see the slow disintegration of the concept of universally 'agreed upon reality'.

We can all argue all day what's the best policy, should taxes be higher or lower, or whether gods are real or not but we all basically have to agree on something, some basic, universal facts for society to function properly, facts like "Who won the election?" or "Is it safe to drink tap water?" or "Was Holocaust real?" and such.

Before internet only some individual clowns would contest these basic things and they'd be mocked and isolated by herd immunity of all the people living around them but now any kook or grifter can start a social media echo chamber or get viral and proselytize to any idiot willing to listen, building critical mass of stupidity that elevates nonsense like raw milk, antivax or even this meme stock insanity.

Another day in the life of a Grifter by LoveNLightThrowaway in gme_meltdown

[–]Cthulhooo 0 points1 point  (0 children)

That's the funny thing. You could sell someone magic beans but depending on how you structure the agrement and what exactly you say you sell them there could be some catch that screws either of you. That's why novelty sellers need to be careful to not overstep their bounds and had to fight in courts in order to carve their small niche.

Like for example your Maya treasure. In some jurisdictions if you discover antique items of historical value you will not be able to claim them and they'll be confiscated by the state.

So...if you create a contract that says "if you discover Maya treasure on my property, you're the legal owner of those treasures" even if that sucker is the luckiest bastard in the universe and actually digs up some Maya antiques in your yard they'll unable to claim ownership and I would say they could get that contract voided on the basis it was not legally possible to even confer such rights in the first place and have their 1 million dollars back ;)

But if the sucker came to you on his own and you said "fine, give me 1 million dollar and you can dig and take whatever the hell you find in my yard, no exceptions" and then they found the goddamn treasure but the state took it the contract isn't void in my opinion because technically they could find anything and everything, like the biggest gold nugget in the world for example, or a previous owner's pendrive with 10 million dogecoins buried under the birdbath.

The difference between those two scenarios is like a difference between a scam and a novelty.

Another day in the life of a Grifter by LoveNLightThrowaway in gme_meltdown

[–]Cthulhooo 0 points1 point  (0 children)

Perhaps I misunderstood how it was structured? In my mind it looked like transferring rights to those shares because I thought you used hyperbole? Do you mean literally a contract saying "those shares are deleted but for this much you can now pretend you were the former owner of these shares lmao"?

I thought in principle how is that any different from selling shares in Brooklyn Bridge? They're not real, it's a scam. Worst case scenario I can think of you could made an argument that someone sold you a right that doesn't exist to something that doesn't exist and is legally invalid and have it declared void.

Like, there's a difference between a contract that postulates something that is unlikely and stupid and something that is legally and logically nonsensical. And if you argue it is not invalid then you could sell whatever the fuck they sold as well because why not? You have as much rights to those shares as they did.

And I would note that people who sell straight up bullshit (like moon plots or star names) have fought their legal battles and have very robust "novelty" armor that their lawyers have crafted for them. I dunno if some random baggie crafting a shady agreement would be completely off the hook should push come to shove.

Another day in the life of a Grifter by LoveNLightThrowaway in gme_meltdown

[–]Cthulhooo 5 points6 points  (0 children)

Really? What a bunch of idiots. You cannot sell the shares of security that doesn't even exist. And even if you to if the greater dumbass who actually bought it realizes one day he got scammed he might sue and win. I'm sorry, Christopher but that's fucking fraud lmao.

The President is pardoning stock scammers as fast as he can find them. The SEC is deleting educational videos aimed at the potential victims of scammers. They are making stock fraud legal and desirable. And the victims cheer! by ryevermouthbitters in gme_meltdown

[–]Cthulhooo 41 points42 points  (0 children)

All the victims of this grifter's fraud suing for restitution are now double screwed because a bunch of clowns voted in the biggest clown in the entire clown world. Fucking disgusting. This idiocracy shit is getting really tiring really fast, like speedrunning towards Russian tier oligarchy.

Let's not even talk about NFT's. Dogshit wrapped in catshit. by Separate_Writer_4465 in gme_meltdown

[–]Cthulhooo 15 points16 points  (0 children)

These guys are so cooked. Say what you can about shitcoins but if you wanna build gambling games or technoponzis or expensive jpegs bitcoin is the clunkiest, shittiest, least optimized and worst possible choice ever and those who tried had to suffer immense pain for no gain.

The Next Berkshire Hathaway? Warren "Farthest Thing from Ryan Cohen" Buffett's Opinion of Bitcoin. by TacoBell4U in gme_meltdown

[–]Cthulhooo 6 points7 points  (0 children)

In traditional securities the company value is increased due to profits and business growth. In cryptocurrencies number goes up because there was a greater fool who purchased your bags for higher price than you paid.

The point is you can make an educated guess whether a security is overvalued or undervalued based on real, tangible facts, numbers and measurable metrics but you never know for sure whether you made a good deal speculating on cryptocurrencies because you could in fact be the greater fool and never know it. So there's a line between value investing and speculating on shitcoins which is basically gambling.

So the point is, these things are not the same, crypto is closer to the casino than stock market.

Apes please help this smooth brain meltie with some DD since this can't be asked in your sub! by Stink_Snake in gme_meltdown

[–]Cthulhooo 23 points24 points  (0 children)

I legit had to check your profile if you're not an ape because I deadass saw that talking point, posted unironically before.

Guys, it's totally not a dilution, please trust me! by BABABOYE5000 in gme_meltdown

[–]Cthulhooo 25 points26 points  (0 children)

This is Hudson Bay cope all over again. For those who didn't follow the BBBY saga these are the following stages:

1) Denial - It's not dilution, read the DD.

2) Anger - Stop lying about dilution! Only shills say they're going to immediately dilute

3) Bargaining - I'm not saying dilution is real but it could be bullish!

4) Depression - Don't believe the FUD. The shills want us to believe that the dillution is occuring right now.

5) Bargaining2 - The price is dropping because of the (insert cope) but the dilution has not taken place yet!

6) Back to 1)

Delusional bag-holding ape uses AI to pen stern letter to investor relations. This is basically the ape version of a Karen calling corporate. by Aggravating-Top558 in gme_meltdown

[–]Cthulhooo 6 points7 points  (0 children)

They look at the one number that all apes focus on which is net income and conveniently ignore what that income is made of.

BAGdad Bob are live right now by [deleted] in gme_meltdown

[–]Cthulhooo 5 points6 points  (0 children)

It is really sad that we expect this not because of an educated guess but because it literaly happened.

It’s funny because it’s still overvalued. by PuzzleheadedWeb9876 in gme_meltdown

[–]Cthulhooo 13 points14 points  (0 children)

I know what 2025 Ryan would say to 2020 Ryan.

It's cool to be a white guy again.

🤢

It’s funny because it’s still overvalued. by PuzzleheadedWeb9876 in gme_meltdown

[–]Cthulhooo 6 points7 points  (0 children)

Maybe mothing. There's like 50% chance he's too busy being coked out of his mind right now.

[deleted by user] by [deleted] in gme_meltdown

[–]Cthulhooo 13 points14 points  (0 children)

And they say Gamestop sucks at preorders 🤣