5 ms·

WSB looks more and more like crypto-style pump and dumps.

• loceng 6y ago
  I wonder if Bitcoin's -6.09% drop today has anything to do with them liquidating to have $ to buy these stocks.
  • dirtnugget 6y ago
    My guess was that BTC correlates with the stock market lately and most stocks have seen a pretty big drop in the last days
    • loceng 6y ago
      That's quite interesting if enough investors are somehow pegging their Bitcoin ownership to the state of the stock market.
• uniqueid 6y ago
  It sure does. I think to support this phenomenon, a person is likely too unimaginative to extrapolate the trend into the future, or else a loon who wants to 'let the world burn' I hate the financial system as much as anyone else, but a world where Redditors do the manipulation seems as bad to me. I remember thinking, back when 4chan was famous for 'meat space' activism against crazy people, that it could get scary if the wind changed. It did.
  • seastonATccs 6y ago
    I'm not sure 4 the lulz nihilists has enough capitol to do big movements. WSB jokes around about 4chan style investing, but the bulk of the people who keep up in there aren't 4chan people.
    • dirtnugget 6y ago
      > I'm not sure 4 the lulz nihilists has enough capitol to do big movements Apparently they do. See AMC, BB, NOK...