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This all reminds me of the crypto ICO's a few years back. Build a tonne of hype around something, get a vast number of people who don't really know what they're
by kjakm 6y ago
This all reminds me of the crypto ICO's a few years back. Build a tonne of hype around something, get a vast number of people who don't really know what they're doing to put in their money, and then the big investors get out, tanking the price for everyone else.
In all the talk of conspiracy around this I'm surprised nobody is discussing the possibility that larger investors are likely manipulating/hyping the WSB community. The WSB community is acting untouchable but I get the feeling in the end they'll be the ones losing their money.
- codetrotter 6y agoExactly this. I went over to r/WSB earlier today to see what the fuzz was all about, and all of the posts there remind me exactly of the content that was being posted in cryptocurrency subreddits a few years ago. Posts about having bought high and intending to hold. To me when I see this I think, how many of these posts are people that are trying to hype up others to put money in, so that the people that are hyping the others can get out. And I think the answer is a lot. And the rest of them are people caught up in the hype. But the hype cannot last, it never does.
- deleted 6y ago[deleted]