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Posted on 11/2/21 at 9:14 am to TigerTatorTots
quote:
This is one of the most confusing effed up things I've seen in crypto
no it isnt.... there have been plenty of more fricked up things that have happened in crypto. 
Posted on 11/2/21 at 9:17 am to CarRamrod
quote:
no it isnt.... there have been plenty of more fricked up things that have happened in crypto.
True.
Posted on 11/2/21 at 9:19 am to BottomlandBrew
quote:
So almost 40 pages in and I'm still wondering what the frick this coin does.
From what I can gather, it empowers athletes and donates money to charity all the while enriching its founders.
Posted on 11/2/21 at 9:30 am to CarRamrod
quote:Plenty more fricked up things yes. But not more confusing IMO. The lack of communication from GME leadership leading up to this, and during, is awful. Have they commented on that $8million wallet yet? Do they own it? If that can be cleared up, that would help.
no it isnt.... there have been plenty of more fricked up things that have happened in crypto.
Posted on 11/2/21 at 9:49 am to Rize
quote:
Yeah they want this to fail bad. I got up to $635,000 and now I’ve got like $900
I am so confused by what is going on. Not trying to troll. Does this concern you or has it all been explained to satisfy everyone? I’d be a little freaked out if I went from $635k to less than $1k, but maybe this is not an issue. I am just confused.
Posted on 11/2/21 at 9:49 am to TigerTatorTots
quote:have you asked them?
Have they commented on that $8million wallet yet? Do they own it? If that can be cleared up, that would help.
Posted on 11/2/21 at 9:53 am to CarRamrod
If I was invested in GME and in their discord or followed their social media, sure. I'm just surprised no one that has money invested has asked...and if they have, why aren't they answering it?
Posted on 11/2/21 at 10:08 am to go ta hell ole miss
quote:
I’d be a little freaked out if I went from $635k to less than $1k,
There certainly wouldn’t be any lol’ing going on. frick that.
Posted on 11/2/21 at 10:29 am to touchdownjeebus
I still can’t get past the execution of this. The trading was suppose to freeze at 1pm but then ended up saying the “screenshot” from 3pm was what would be used. How can this be acceptable. All of the trading after 1 is sketch as all get out. It’s criminal.
Then they come out saying they will give 1,000 to every coin holder. Lol. Aren’t there north of 5,000 holders? They magically just give away 5-7 million dollars? How does this not impact the coin.
Then they come out saying they will give 1,000 to every coin holder. Lol. Aren’t there north of 5,000 holders? They magically just give away 5-7 million dollars? How does this not impact the coin.
Posted on 11/2/21 at 10:36 am to hookfin
quote:
How does this not impact the coin.
I think it has to. I can sympathize with the team being reluctant to talk…anything they say can have an effect on the price.
Posted on 11/2/21 at 10:39 am to TigerTatorTots
quote:
If I was invested in GME
by how many times you have posted in this thread, you are invested in GME one way or another. Posted on 11/2/21 at 10:43 am to slackster
quote:
quote: no it isnt.... there have been plenty of more fricked up things that have happened in crypto. True.
That you know of. These coin swaps always frickup- should almost always sell before then buy back afterwards if you are confident in the project
Posted on 11/2/21 at 10:46 am to TigerTatorTots
These numbers may be off and dates incorrect, but the sentiment is obvious.
25%tokens are in burn wallet, and 50ish% of the tokens are locked up for 8 months, that’s feb 23 if looking at poocoin. 25% (25b) are currently traded, and I believe the reason for the buying pressure and overvaluation. Maybe true price is closer to 25%, .005 or 500m market cap, even then sheesh……Feb 23 trade-able coins will increase by 75% (18.75b) current of availability. That’s quite the dilution possible and probable.
That’s 18.75 billion coins or 562 million dollars. That’s a lot of development needing to happen in 113 days to convince people to buy the shares they will be selling at the current price. Good thing is at .03 cents, price has no context and people will throw 1k at it. Currently at 6500 wallets At 1k per wallet you will need 560k new wallets, 9900% user gain, and average daily gain of 5000 wallets.
Maybe those top 30 wallets don’t sell, but that is massive selling pressure. People will be happy to take 8 million from 17 million when they see prices dip. They will put in low sell orders, and start a trend.
25%tokens are in burn wallet, and 50ish% of the tokens are locked up for 8 months, that’s feb 23 if looking at poocoin. 25% (25b) are currently traded, and I believe the reason for the buying pressure and overvaluation. Maybe true price is closer to 25%, .005 or 500m market cap, even then sheesh……Feb 23 trade-able coins will increase by 75% (18.75b) current of availability. That’s quite the dilution possible and probable.
That’s 18.75 billion coins or 562 million dollars. That’s a lot of development needing to happen in 113 days to convince people to buy the shares they will be selling at the current price. Good thing is at .03 cents, price has no context and people will throw 1k at it. Currently at 6500 wallets At 1k per wallet you will need 560k new wallets, 9900% user gain, and average daily gain of 5000 wallets.
Maybe those top 30 wallets don’t sell, but that is massive selling pressure. People will be happy to take 8 million from 17 million when they see prices dip. They will put in low sell orders, and start a trend.
This post was edited on 11/2/21 at 11:37 am
Posted on 11/2/21 at 10:48 am to lsu13lsu
quote:
From what I can gather, it empowers athletes and donates money to charity all the while enriching its founders.
Posted on 11/2/21 at 10:53 am to Box Geauxrilla
did this thing crash? I'm having trouble finding a chart
Posted on 11/2/21 at 11:00 am to TigerTatorTots
quote:
Plenty more fricked up things yes. But not more confusing IMO. The lack of communication from GME leadership leading up to this, and during, is awful. Have they commented on that $8million wallet yet? Do they own it? If that can be cleared up, that would help.
That $8 million was GME. All the liquidity has been accounted for.
Posted on 11/2/21 at 11:19 am to hookfin
The tokens given back to the community are coming personally from the founders. It will leave the available tokens as it was at 3:03.
Posted on 11/2/21 at 11:25 am to CarRamrod
quote:I love crypto so I'm active in all the various threads whether I have actually bought the specific coin or not. But you are correct, I am now mentally invested in the outcome here
by how many times you have posted in this thread, you are invested in GME one way or another.
Posted on 11/2/21 at 11:25 am to TigerTatorTots
I asked in Telegram about the 8M and the 1.5M wallets yesterday and was told by the devs that was them pulling the liquidity. Was also told they did disable the contract from their end but Pancake wouldn't accept the change and after getting on support with PS, it's a known issue with that dex platform.
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