I saw a post on r/GME today about GME indicators and the SHF’s are trying to trigger another bearish signal. Someone posted that they are so tired of the bullshit.
It made me wonder, what are we waiting for? What event could smash through all these indicators and drive GME into the stratopshere?
Fellow investors, we are waiting for the launch of Gamestop PLAYR. This looks like it’s going to be a online game store similar to Steam, but it will be integrated with the Gamestop Wallet and you will be able to buy web3 games using crypto.
I saw in another post that the Gamestop wallet will easily let you convert one kind of crypto to another - that alone is going to be a big deal. People with any kind of crypto currency will be able to create a Gamestop wallet, transfer in whatever funds they have, and buy web3 games.
This is brilliant because there’s a lot of devalued crypto-currency out there. For years now crypto bros have been buying crypto and watching the value of their crypto currency bomb out (probably due to market manipulation) what use was it? Why did they bother?
Well now they will be able to buy something tangible with their crypto.
The launch of a new game storefront is big enough by itself to increase profits and make the company a financial success, especially if there is a marketing campaign and exclusives to bring in gamers. But the integration of the Gamestop Wallet and the ability to purchase games with crypto which isn’t accepted in most other storefronts is going to bring in even more business.
That’s the event. That’s the point where I think things will turn around, and the market manipulation on GME is going to become very ineffective in the face of increasing profit each quarter. As we saw from the last quarterly report, the net loss has already decreased by over 66% thanks to cost cutting measures. With a new income stream from Gamestop PLAYR Gamestop is going to have net profit each quarter.
Congratulations, you bought low. This stock is going places. Too bad we couldn’t get more people to buy in.
Why do normies buy high and sell low? They wait for the success story to happen first. You have to buy in before that happens. When PLAYR launches I think it will be too late to buy in and ride the rocket.