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The key issue here is: If someone owns 500 shares of GME, you dont know if they could have bought more or not. Maybe they like it and just have a small position, maybe they are planning to more buy soon, maybe they had 3000 and took most of the profits. Heck, maybe they had 50,000 at one point...

A good thread about NFTs

Its funny, I recommended Bitcoin to some relatives that dont have a lot of money and a common complaint that I received is that they own "too little". They were bothered by the fact that they owned 0.0xxx Usually when someone says that is irrational, that someone is rich and can own FULL units...

And in the mean time, they should do a stock split. $160 is too much for a share. I come from a finance/economics background, there you are taught that stock splits dont matter. For a long-time I believed that bullshit. No, it does matter. People aren't robots or computers, even if they can own...

The board chairman Cohen is 36yo, that is great. He is not some old fuck with an MBA who doesnt understand technolgy, he actually gets it

I plan to buy some shares of GME today. Not a huge position, just around 1-2% The name Gamestop is a misnomer, this should be called Reddit Community Corporation (RCC). What is the value of a community measured in millions (and still growing a lot) in an era where everything is going digital...

Its amazing what is going on at Gamestop https://www.wsj.com/articles/gamestop-ryan-cohen-chewy-meme-stock-11628776861?mod=hp_lead_pos10 This isn't a dying video game company, this is an emerging tech company that has the support of the Reddit community. What they will do, nobody knows for sure...

HEX whales

So there is this "coin" called Bitcoin HEX which essentially pays "interest" to people that stake their HEX. And the long that gets staked, the more interest is paid. People that unstake before the maturity, get punished and might even lose some of their principal. Their idea to mimic a...

Bitcoin Gold is so interesting because it shows how kinda irrelevant 51% attacks are in Bitcoin https://en.wikipedia.org/wiki/Bitcoin_Gold It has had many attacks, most exchanges require a huge amount of confirmations in order to credit BTG. Binance require 70 confirmations, and this is a fork...

This is not to say that ETH can and will be the only winner. Its possible that Cardano, DOT and some others will have part of the market share. I own some Cardano, Polkadot, Luna, etc. But I its more of a hedge than anything else. Good thing is, if they go worthless big deal, if they work out...

Novogratz is hanging out with a lot of these NFT kids and is seeing the same things as me. If ETH were to drop 90% tomorrow on no significant news tech wise, it would hurt but I would be better off. That means I can now buy NFTs at a 90% fiat discount. I would be able to own crown jewels NFTs...

https://www.zerohedge.com/markets/carson-block-reveals-he-closed-his-tesla-short-his-funds-first-client-letter-its-2015 I think Carson Block is completely wrong on Tesla here. He keeps blaming his losses on low rates, similar to what Einhorn does. But people were saying the same thing about...

When Taleb says "I support cryptocurrencies but not Bitcoin because it has no utility and its too volatile". He couldn't be more wrong. Its like saying "I support cars but not the first car created and driven by Henry Ford, its too slow". He is completely missing out on the historical value of...

"Coins of interest to collectors often include those that circulated for only a brief time, coins with mint errors and especially beautiful or historically significant pieces." https://en.wikipedia.org/wiki/Coin_collecting In other words, things that are genuinely scarce

https://www.echomtg.com/groups/magic-reserve-list/ "The Reserved List was the result of Magic card collectors protesting after a lot of their cards had been devalued with the release of Fourth Edition and Chronicles. The Reserved List, by law, says Wizards of the Coast will never reprint any...

Here is the Magic the Gathering company promising not to print more cards https://magic.wizards.com/en/articles/archive/official-reprint-policy-2010-03-10 They sound like a central bank

https://fortune.com/2016/07/10/martin-shkreli-magic-the-gathering/ "On Friday, a user took to a Reddit forum devoted to the collectible card game Magic: The Gathering, with a simple request for advice. “I am a collector of wine, art and other goods. Can someone give me some resources on...

In a lot of ways, the fact that there are 8000 crypto "currencies" (they are not really currencies for the most part) is actually beneficial to coins like BTC. Because that is inflation and markets when faced with inflation seek refuge in things that cannot be inflated, like historical items...

"The first CCG, Magic: The Gathering, was developed by Richard Garfield and published by Wizards of the Coast in 1993 and its initial runs rapidly sold out that year.[4] By the end of 1994, Magic: The Gathering had sold over 1 billion cards,[8] and during its most popular period, between 2008...