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re: GameCoin gets some new press

Posted on 1/31/22 at 7:11 pm to
Posted by LordSaintly
Member since Dec 2005
41956 posts
Posted on 1/31/22 at 7:11 pm to
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 by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 1/31/22 at 7:19 pm to
Just look at the chart of the coin
Posted by Ric Flair
Charlotte
Member since Oct 2005
13867 posts
Posted on 1/31/22 at 7:24 pm to
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 by BZ504
Texas
Member since Oct 2005
12634 posts
Posted on 1/31/22 at 7:49 pm to
Just buy the dips.
Posted by Crossifix437
Member since Jun 2017
14 posts
Posted on 1/31/22 at 8:58 pm to
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.
Posted by LSU Coyote
Member since Sep 2007
56162 posts
Posted on 1/31/22 at 9:03 pm to
Nah
Posted by OweO
Plaquemine, La
Member since Sep 2009
119957 posts
Posted on 1/31/22 at 9:10 pm to
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 by Konkey Dong
Member since Aug 2013
2349 posts
Posted on 1/31/22 at 9:14 pm to
Nice to know your knowledge of nothing also extends to crypto.
Posted by Rize
Spring Texas
Member since Sep 2011
18587 posts
Posted on 1/31/22 at 10:07 pm to
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 1/31/22 at 11:46 pm to
no need to do any sort of analysis to know this was garbage
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58273 posts
Posted on 2/1/22 at 12:01 am to
There is a post on another form that did a bit of chain analysis showing some major rug pulling activities.
Posted by Broyota2
Member since Nov 2010
13624 posts
Posted on 2/1/22 at 12:53 am to
all of these are pump and dump schemes they are out here scamming
Posted by LSU-MNCBABY
Knightsgate
Member since Jan 2004
25123 posts
Posted on 2/1/22 at 6:26 am to
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.
Posted by LasVegasTiger
Idaho
Member since Apr 2008
8517 posts
Posted on 2/1/22 at 7:47 am to
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.
Posted by go ta hell ole miss
Member since Jan 2007
14488 posts
Posted on 2/1/22 at 7:50 am to
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 by LasVegasTiger
Idaho
Member since Apr 2008
8517 posts
Posted on 2/1/22 at 8:07 am to
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 by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 2/1/22 at 10:10 am to
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 by Beef Tips
Member since Jan 2013
2883 posts
Posted on 2/1/22 at 2:33 pm to
For what reason would someone be going to jail?
Posted by 21Dalrymple
Baton Rouge
Member since Aug 2013
87 posts
Posted on 2/1/22 at 3:33 pm to
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 by poochie
Houma, la
Member since Apr 2007
6765 posts
Posted on 2/1/22 at 3:48 pm to
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
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