Please extend the GME vs BTC challenge to 16 months instead of 12 months 2021 btc high was in November 2017 btc high was in December Thanks
As SunT inferred,hed have to surgically remove his foot to be able to then put his money where his mouth is! haha
Bitcoin (BTC): The 1-year at-the-money implied volatility for BTC is approximately 50% to 55%. GameStop (GME): GME's 1-year implied volatility is significantly higher, around 180% to 337%. That's the easiest bet to say peak returns, within one year, will be higher for GME than BTC.
Im interested to read that it has a billion in cash reserves with a mere 25 million in debt.Sales booming. Ive usually brushed over it as a mere meme stock. BTC aside,and at a glance,I dont see anything wrong with a bullish position in GME. My personal sentiment is one of caution,marketwide,but that usually means we have a ways to run.
GME exists ONLY because it became a MEME stock...that's its purpose now, not as a company. Clearly Cohen doesn't understand the assignment after insulting the meme community with that arrogant earnings call, and releasing yet another share offering. They should have put RK on the board, bought back shares and thrown a party in Vegas thanking investors for saving their jobs.
GME will go up and down and up and down and up and down and up and down and up and down and up and down and up and down and up and down and up and down till the end of time. So you should buy and sell and sell and buy and buy and sell and sell and buy and buy and sell and sell and buy and buy and sell and sell and buy and buy and sell and sell and buy and buy and sell and sell and buy and buy and sell and sell and buy and buy and sell and sell and buy and till the end of time.
Kids, GME is in the green while the market and BTC are taking a dump. Roaring Kitty, we believe in you!!! Special note: Some of you may haven't got the memo, but this thread is a satire of the incredible moronity of crypto. Nevertheless, parody or not, I will be right and GME will be a better store of value and diversification than BTC. There, now you got the memo...
So there is no bet? Probably all for the best... we'd hate to lose you when bitcoin hits $690,420 /btc next year