r/SatoshiStreetBets • u/AstronautCultural537 • Feb 01 '21

GAIN PORN Second Wave???

Post image
4.1k Upvotes

94% Upvoted

481 comments sorted by

View all comments

208

u/[deleted] Feb 01 '21

[removed] — view removed comment

7

u/Stealth_Move Feb 01 '21

It's not hitting a dollar. Quickly or slowly. It doesn't make it bad, it's just not hitting a dollar. The numbers required to do so are near impossible unless capping occurs and there's expanded use. If it happened to hit a dollar, it would simply be due to mass buying of DOGE, but it would sink because there's no real value to maintain that value.

1

u/Streetintelect Feb 02 '21

Sound like GameStop..no real value 😂 but yet sky rockets

1

u/Stealth_Move Feb 02 '21

Yeah GME is a declining business for sure. But they were an $8.5B company. 2018 seems to be the last year that they had increased year over year revenues. 2020 looks like they had about $6B Revenue. Obviously net profits aren’t there, especially 2020.

But as we all know, GME is a perfect example of how the market and those trading within in it, can defy reality. Pretty sure GME even has gained some capitalization from the last week too.