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by pjanoman
1962 days ago
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This seems to be a little bit different than other financial crashes where the "little guys" lost out -- in previous situations, most went in trusting that they wouldn't be gambling their savings away because of some financial trust. Now, however, most people are purchasing GME not because they've looked at the underlying value of GameStop and realized it's value, but because they're guessing the price will go up, but deep down know that someone will be left buying high and selling really low. Not sure exactly what to call it, but it seems to be a difference in consent to gamble $$, if that makes sense. |
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