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Started By
Message
re: GameCoin gets some new press
Posted on 1/31/22 at 7:11 pm to LSU Coyote
Posted on 1/31/22 at 7:11 pm to LSU Coyote
quote:
Please don't invest in anything outside of BTC and ETH.
I agree that GME is a crap coin, but there are a lot of great coins out there beyond BTC and ETH.
This post was edited on 1/31/22 at 7:27 pm
Posted on 1/31/22 at 7:19 pm to Giantkiller
Just look at the chart of the coin
Posted on 1/31/22 at 7:24 pm to Giantkiller
quote:
about 3 or 4 months ago, I knew a few brand new multi-millionaires
If they sold at the peak. How many people took out 401k loans or invested all of their cash in this shite.
I know when I’m researching tech/crypto investments, I want the ceo to be a door-to-door vacuum salesman who couldn’t get into LSU, and not a guy who dropped out of Stanford/Harvard/MIT to start a venture.
This guy couldn’t explain the difference between a blockchain and a chop block.
Posted on 1/31/22 at 8:58 pm to BZ504
This was a rug pull to the max, yet we hate to try to see someone of our own would do that. But for those that understand math:
100,000,000,000 coins established, with an unknown quantity created to begin with, as well as nothing I can find listed in their tokenomics about the original offering..
25% of those were thrown into an unverified, unaudited, burn wallet.
Leaving --- 75,000,000,000 tokens.
So putting that into a real perspective, with a company that you really cannot tell what they do, that looks more like an unorganized NIL propaganda tool, the company is now worth roughly $115M
Putting it more into perspective, the diluted market share including the burned tokens is roughly $154M.
Now we look at the top holders - Roughly 58B coins are owned by the top 17 wallets, and zero of the holders are actual BTC or ETH whales. That leaves 17B coins left to actual people that are willing to wait and see if it does anything. You also have to realize that there are only 2 holdings in a decentralized exchange now (the billion in pancake swap really shouldn't count as that was how the original founders pulled the rug to begin with). Still the pancake swap platform with 1.3B coins trades at a daily volume of $45k Bitmart does have a low volume exchange of 308M coins, but the trading volume is very low at roughly $120,535 trading hands a day. This reeks awfulness at all levels.
If this thing does anything more than what it is at the moment, color most everyone shocked. If it gets any real traction, then I believe another rug pull will be en route.
If you are wanting to invest, I wouldn't put money into this. It really has done its purpose, and unless some huge investors come in, and start shilling big named athletes, this will just be one of the horror stories of crypto. No real utility. No real world value. Someone just took a few people for a ride.
100,000,000,000 coins established, with an unknown quantity created to begin with, as well as nothing I can find listed in their tokenomics about the original offering..
25% of those were thrown into an unverified, unaudited, burn wallet.
Leaving --- 75,000,000,000 tokens.
So putting that into a real perspective, with a company that you really cannot tell what they do, that looks more like an unorganized NIL propaganda tool, the company is now worth roughly $115M
Putting it more into perspective, the diluted market share including the burned tokens is roughly $154M.
Now we look at the top holders - Roughly 58B coins are owned by the top 17 wallets, and zero of the holders are actual BTC or ETH whales. That leaves 17B coins left to actual people that are willing to wait and see if it does anything. You also have to realize that there are only 2 holdings in a decentralized exchange now (the billion in pancake swap really shouldn't count as that was how the original founders pulled the rug to begin with). Still the pancake swap platform with 1.3B coins trades at a daily volume of $45k Bitmart does have a low volume exchange of 308M coins, but the trading volume is very low at roughly $120,535 trading hands a day. This reeks awfulness at all levels.
If this thing does anything more than what it is at the moment, color most everyone shocked. If it gets any real traction, then I believe another rug pull will be en route.
If you are wanting to invest, I wouldn't put money into this. It really has done its purpose, and unless some huge investors come in, and start shilling big named athletes, this will just be one of the horror stories of crypto. No real utility. No real world value. Someone just took a few people for a ride.
Posted on 1/31/22 at 9:10 pm to Giantkiller
quote:
, crypto money bros?
The way crypto always goes. Its down now which means its a good time to buy because its going to go back up.
A friend of mine owes some Gamecoin, but a guy he works with put $40k in about a week before it spiked up, this was late summer.
You have to make several transactions in order to buy it. It might be easier now, but at the time you had to buy bitcoin then transfer it somewhere then some other shite but you could only use bitcoin to buy it.
I only own 4 different types of Crypto:
Bitcoin
Ethereum
Doge
Shibu Inu
You can use Shibu Inu at several places. Office Depot, Barnes & Noble, Bed Bath & Beyond, Lowes, etc.
Posted on 1/31/22 at 9:14 pm to OweO
Nice to know your knowledge of nothing also extends to crypto.
Posted on 1/31/22 at 11:46 pm to Crossifix437
no need to do any sort of analysis to know this was garbage 
Posted on 2/1/22 at 12:01 am to Crossifix437
There is a post on another form that did a bit of chain analysis showing some major rug pulling activities.
Posted on 2/1/22 at 12:53 am to Giantkiller
all of these are pump and dump schemes they are out here scamming
Posted on 2/1/22 at 6:26 am to Giantkiller
These guys have no idea what they’re doing, there is no real financial data offered. Their white paper is nothing more than just the same advertisement as their website
Like others have said it reeks of a scam and I’d be willing to bet someone is more likely to goto jail than this is ever likely to become legit.
Like others have said it reeks of a scam and I’d be willing to bet someone is more likely to goto jail than this is ever likely to become legit.
Posted on 2/1/22 at 7:47 am to LSU-MNCBABY
From their website.
+ When was The Game Coin created?
The Game Coin was conceptualized in April of 2021 and officially made available on June 22, 2021.
Two month turn around...what could go wrong.
+ When was The Game Coin created?
The Game Coin was conceptualized in April of 2021 and officially made available on June 22, 2021.
Two month turn around...what could go wrong.
Posted on 2/1/22 at 7:50 am to SixthAndBarone
quote:
I’m gonna rush out and invest in a coin created in Baton Rouge and hyped by Lee Feinswog and Matt Moscona.
Does Moscona still hype this? It’s down massively since he started hyping it. I assume some have called into his show to ask him about this.
Posted on 2/1/22 at 8:07 am to go ta hell ole miss
I've asked him some legitimate questions on other social media. He will just say I'm an uniformed idiot and to run along. But this was few months ago. Not sure if he is still being paid to pump it.
Posted on 2/1/22 at 10:10 am to LSU-MNCBABY
quote:
Like others have said it reeks of a scam and I’d be willing to bet someone is more likely to goto jail than this is ever likely to become legit.
I would be very surprised if no one goes to jail.
This going legit is about 0.1%
Posted on 2/1/22 at 2:33 pm to Deactived
For what reason would someone be going to jail?
Posted on 2/1/22 at 3:33 pm to go ta hell ole miss
Moscona still pumps it daily but it’s not working anymore because all his devotees already bought in. They also still occasionally pay athletes to post on Instagram and that Jennie Finch lady who played softball 20 years ago gets a check every now and again for doing a cameo video. They also pay for bots to comment on their tweets, otherwise there would be no comments except negative ones.
Posted on 2/1/22 at 3:48 pm to 21Dalrymple
I know we joke about bots and stuff but look at the responses to this tweet from a few days ago. How can anyone normal still be on board with this?
https://twitter.com/gamecoingmex/status/1485749570722271244?s=21
https://twitter.com/gamecoingmex/status/1485749570722271244?s=21
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