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Reliving the GameStop Meme Coin Madness From 2021 to Now – 3 Lessons To Secure Profits This Time

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Learn from the GameStop meme coin saga to secure profits this time around. Discover the lessons for the 2024 GME rally.

Here’s what you can learn from the 2021 GameStop meme coin saga to secure profits this time around. Discover the lessons for the 2024 GME rally.

I was there—I was on Wall St. during the GameStop meme coin madness in 2021. After Robinhood blocked the trading of GME, we all chanted for CEO Vladimir Tenev to go to jail like it was the French Revolution.

In the end, nothing happened.

I had $8,000 secured in GameStop, which went to $40,000 at one point and back to $10,000.

I remember going to sleep one night during the GME saga, and I was down $8,000. It was the hardest night of my life. When I woke up, we were back up again.

The GameStop Meme Coin Madness ended, and hardly anyone got richer. Here’s what you can learn from that saga to secure profits this time around.

 

GameStop Meme Coin Madness Lesson 1: Bulls Make Money, Bears Make Money, Pigs Get Slaughtered

GameStop stock jumped more than +822%, from $17.25 at the beginning of 2021 to a high of $159.18 in January 2021.

No one saw it coming – hedge funds like the now-infamous Citadel Capital got rekt.

Then GME stock dropped by nearly half, only to rise back up to $147.98 by mid-January. It ended Jan at $313.54.

They say the purpose of analyzing price action is that every chart is a story – could you imagine if you didn’t sell by March or April to 10x or 100x your gains? Sure GME is back up now, but the easiest profits were back then.

Learn from the GameStop meme coin saga to secure profits this time around. Discover the lessons for the 2024 GME rally.

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Big trading corporations are taking advantage of the ‘diamond hands’ cult behavior by pumping the price up before dumping it and leaving the desperate people with no ability to make money, losing it all.

The first GameStop memecoin madness took them off guard, but they had too much capital in the end. Make your money—or your principal investment—and get out. Don’t hold the bag.

DISCOVER: The Best Solana Meme Coin to Buy and Hodl in May 2024

GameStop Meme Coin Madness Lesson 2: This isn’t bigger than Occupy Wall St.

Isaiah McCall is an ultramarathon runner and journalist for 99Bitcoins.

View all Posts by Isaiah Mccall

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