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re: GME (Gamecoin)

Posted on 11/1/21 at 4:33 pm to
Posted by Cdub_tiger
Baton Rouge
Member since Dec 2013
311 posts
Posted on 11/1/21 at 4:33 pm to
Very true. but once the confusion is cleared, everyone will realize it didnt take
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10433 posts
Posted on 11/1/21 at 4:34 pm to
It took and now your bnb trading pair is liquidated. Block chains are immutable.
Posted by mtcheral
BR
Member since Oct 2008
1948 posts
Posted on 11/1/21 at 4:35 pm to
They are saying those trades will not go through.
Posted by trussthetruzz
Marquette, MI
Member since Sep 2020
9236 posts
Posted on 11/1/21 at 4:35 pm to
quote:

But you won’t get GMEX it appears?


I believe the plan is for those buying right now, they will receive an amount of gmex consistent to what the price of gme was whenever they took a snapshot of all accounts today. So you’ll be paying around 0.03$ for gmex
Posted by slackster
Houston
Member since Mar 2009
85139 posts
Posted on 11/1/21 at 4:36 pm to
quote:

Very true. but once the confusion is cleared, everyone will realize it didnt take


Maybe, but you’ve got people that are still buying the old coin according to the Poocoin information. The fact people are putting a couple hundred dollars into a coin that is now (presumably) worthless is not exactly a sign that folks are making the best decisions.
Posted by slackster
Houston
Member since Mar 2009
85139 posts
Posted on 11/1/21 at 4:37 pm to
quote:

believe the plan is for those buying right now, they will receive an amount of gmex consistent to what the price of gme was whenever they took a snapshot of all accounts today. So you’ll be paying around 0.03$ for gmex


Gamecoin developers are saying those trades are irrelevant after 3:03pm (Central?).
Posted by Cdub_tiger
Baton Rouge
Member since Dec 2013
311 posts
Posted on 11/1/21 at 4:37 pm to
Agreed 100%.
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61837 posts
Posted on 11/1/21 at 4:39 pm to
quote:

They are saying those trades will not go through
uh no they went through. That guy knew when the snapshot was taken (that no one else knew about) and was able to sell all of his gme to make $8mill and will now presumably get the equivalent GMEX when that coin launches.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10433 posts
Posted on 11/1/21 at 4:41 pm to
The price you see should be the live price of gmex unless the supply of gmex is different. The bnb pairing was wrecked by 1 sell.

You can't create BNB out of thin air.
This post was edited on 11/1/21 at 4:42 pm
Posted by slackster
Houston
Member since Mar 2009
85139 posts
Posted on 11/1/21 at 4:41 pm to
quote:

uh no they went through. That guy knew when the snapshot was taken (that no one else knew about) and was able to sell all of his gme to make $8mill and will now presumably get the equivalent GMEX when that coin launches.


Yeah I’d imagine all of these are going through, but how many GMEX you’ll get on the other end is based on the snapshot @ 3:03.

Going to be a lot of pissed off people that bought anything after that time.
Posted by LSUStjames
Member since Dec 2005
3473 posts
Posted on 11/1/21 at 4:41 pm to
There is still liquidity in the old coin so I'm pretty sure any trades after 3:03 will just be for the old coin and they won't get any of the new coin. It's a separate entity and can stand alone unless all the liquidity is gone.
This post was edited on 11/1/21 at 4:43 pm
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 11/1/21 at 4:41 pm to
When people say "They are saying trades will not go through" you realize how little everyone knows.

The awesome thing about crypto is you can see exactly where shite goes as it goes. If it left your wallet, it aint coming back.
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61837 posts
Posted on 11/1/21 at 4:47 pm to
quote:

Yeah I’d imagine all of these are going through, but how many GMEX you’ll get on the other end is based on the snapshot @ 3:03.
Yeah I get that. If I owned GME, I’d be pretty pissed if they don’t offer an explanation for the dump (like they used it for the initial liquidity on the new coin or something like that). At the moment, it looks like an inside guy knew about the snapshot and dumped right after to make a nice profit and double dip in the new coin. Raising huge red flags.
Posted by mtcheral
BR
Member since Oct 2008
1948 posts
Posted on 11/1/21 at 4:49 pm to
They just posted on Discord the liquidity was pulled for the new contract.
Posted by slackster
Houston
Member since Mar 2009
85139 posts
Posted on 11/1/21 at 4:52 pm to
quote:

Yeah I get that. If I owned GME, I’d be pretty pissed if they don’t offer an explanation for the dump (like they used it for the initial liquidity on the new coin or something like that). At the moment, it looks like an inside guy knew about the snapshot and dumped right after to make a nice profit and double dip in the new coin. Raising huge red flags.


I’d be legitimately shocked if there were $8MM worth of buyers in this thing on any given day, much less this small timeframe. As popular as the coin is here, the following is still very very small. As a result, I’d be pretty surprised if there isn’t a good explanation.
Posted by Blutarsky
112th Congress
Member since Jan 2004
9860 posts
Posted on 11/1/21 at 4:52 pm to
What’s the old adage?

Buy on rumor, sell on (before) news?

I know people who were up 10-100x who held on thinking they were going to be multi millionaires. They should have settled for $50-500K off a $5K investment.
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61837 posts
Posted on 11/1/21 at 4:53 pm to
quote:


I’d be legitimately shocked if there were $8MM worth of buyers in this thing on any given day, much less this small timeframe.
you don’t technically need buyers. You’re buying and selling into a liquidity pool. There’s not a buyer on the other side like a traditional exchange.
Posted by slackster
Houston
Member since Mar 2009
85139 posts
Posted on 11/1/21 at 4:59 pm to
quote:

you don’t technically need buyers. You’re buying and selling into a liquidity pool. There’s not a buyer on the other side like a traditional exchange.




True, I forget about that aspect with some of these coins.
Posted by hookfin
Member since Sep 2021
93 posts
Posted on 11/1/21 at 5:03 pm to
They originally said 1pm was the lockout time. But now they are saying they took a snapshot at 3pm. How in the world can this be legit?
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 11/1/21 at 5:04 pm to
Scam coins are never legit.
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