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>The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if

by simias 6y ago

>The cats at wsb might be self proclaimed retards, but they're not that stupid. They know lots of other folks are going to make money off of them. You know, if you actually visit the sub, you'd know that. The sub you seem to like so much died last week. Whatever is left of it has been diluted when literally millions of people flooded it. "Eternal September" hit them hard. Right now it's filled with Q-level conspiracy theories, they parrot each other's talking point without understanding any of it ("short ladder" being the most funny and telling example of this). I can assure you that the vast majority of these people are wildly clueless about what's happening right now, they just keep telling each other that they're going to be rich. Look at this nonsense for instance: https://www.reddit.com/r/wallstreetbets/comments/lboqwm/yet_another_short_ladder_attack_to_start_the_day/ https://www.reddit.com/r/wallstreetbets/comments/lboqwm/yet_... Admittedly there are a few voices of reason being upvoted in this thread, but they're still hidden underneath the baseless "hype" claims.

cashewchoo 6y ago
So much this. /r/wallstreetbets is going to struggle to recover. It's absolutely Eternal September. I've been subbed to WSB for about 5 years, ever since someone at work (prop trading) mentioned it as basically being a bunch of 25-30 yo finance people hanging out and doing dumb shit in their personal accounts for fun. I'll admit, I did some dumb stuff myself, trying to time UVXY/TVIX plays. (Basically netted 0 of course). But it was fun to shitpost about it. This is astrology for finance bros. And it'd been going a bit down-hill already, but most people were still that same description: young blood, day job in finance, knows what they're doing at both a mechanical and risk level, etc. And the content reflected it. Then somehow, one of those internet things happened. WSB became a hit, people flooded in, the mod team was overwhelmed, media attention flooded in making everything worse, etc. I feel like this is what a lot of /r/the_donald people ended up now that they're looking for a new cause. So much of the rhetoric I saw once the WSB Old Guard had been overwhelmed mirrored the kind of stuff you saw out of the_donald back in 2016.
- decafninja 6y ago
  Seems the daily thread grows so big so fast that it becomes dog slow to even browse. But yeah, a lot of the comments are just one liner garbage memes: HODL! TO THE MOOOOOON! FISTS ON CHEST NO FEAR! TO VALHALLA! DIAMOND HANDS! As well as echo chamber "encouragement" to HODL! until $1000/$9000/the moon because Mark Cuban is on our side!
  - PartiallyTyped 6y ago
    The GME threads grew so fast that reddit couldn't keep up and every 4-6 hours a new thread was spawned and pinned.
- z9e 6y ago
  I struggle to see the political claim that these people are being flooded with Trumpers. This event was and has been pretty bipartisan. From what I’ve seen thus far is the media trying to use the Q / Trumper angle against this community to tarnish its public perception and recent novelty. I am happy to be proven wrong though, I just don’t see it.
  - cashewchoo 6y ago
    I'm necessarily saying it's "Trumpers", just that lots of the rhetoric, especially stuff that gets to the front page of r/all, seems to be the kind of all-caps, hyper-reductionist, chest-beating "SO MUCH WINNING" kind of rhetoric we saw in 2016. I do think this is bipartisan, in that there's no one side of the political spectrum that's flooding in here, but I think we're seeing the kind of hype devices that were used to (apparently) great effect in 2016.
    - unobtaniumstool 6y ago
      This is entirely true, and easily verified by checking subreddit user overlap. WSB overlaps heavily with a number of right-wing subreddits, and, naturally, /r/unemployment.
    - 6y ago
spzx 6y ago
>Whatever is left of it has been diluted when literally millions of people flooded it. Just as an illustration, a number of /r/wallstreetbets/ subscribers: 26/1: 2,390,238 27/1: 3,336,749 28/1: 5,036,912 29/1: 6,317,967 30/1: 6,965,330 31/1: 7,508,966 1/2: 7,977,780 2/2: 8,278,750 3/2: 8,427,584 (via https://archive.md/https://www.reddit.com/r/wallstreetbets/ https://archive.md/https://www.reddit.com/r/wallstreetbets/ )
BlackInkstoan 6y ago
The amount of misinformation being propagated in the subreddit has reached absurd levels. I wonder where the voices of reason will migrate to once this fiasco dies down further.

by simias 6y ago

cashewchoo 6y ago

So much this. /r/wallstreetbets is going to struggle to recover. It's absolutely Eternal September. I've been subbed to WSB for about 5 years, ever since someone at work (prop trading) mentioned it as basically being a bunch of 25-30 yo finance people hanging out and doing dumb shit in their personal accounts for fun. I'll admit, I did some dumb stuff myself, trying to time UVXY/TVIX plays. (Basically netted 0 of course). But it was fun to shitpost about it. This is astrology for finance bros. And it'd been going a bit down-hill already, but most people were still that same description: young blood, day job in finance, knows what they're doing at both a mechanical and risk level, etc. And the content reflected it. Then somehow, one of those internet things happened. WSB became a hit, people flooded in, the mod team was overwhelmed, media attention flooded in making everything worse, etc. I feel like this is what a lot of /r/the_donald people ended up now that they're looking for a new cause. So much of the rhetoric I saw once the WSB Old Guard had been overwhelmed mirrored the kind of stuff you saw out of the_donald back in 2016.

decafninja 6y ago
Seems the daily thread grows so big so fast that it becomes dog slow to even browse. But yeah, a lot of the comments are just one liner garbage memes: HODL! TO THE MOOOOOON! FISTS ON CHEST NO FEAR! TO VALHALLA! DIAMOND HANDS! As well as echo chamber "encouragement" to HODL! until $1000/$9000/the moon because Mark Cuban is on our side!
- PartiallyTyped 6y ago
  The GME threads grew so fast that reddit couldn't keep up and every 4-6 hours a new thread was spawned and pinned.
z9e 6y ago
I struggle to see the political claim that these people are being flooded with Trumpers. This event was and has been pretty bipartisan. From what I’ve seen thus far is the media trying to use the Q / Trumper angle against this community to tarnish its public perception and recent novelty. I am happy to be proven wrong though, I just don’t see it.
- cashewchoo 6y ago
  I'm necessarily saying it's "Trumpers", just that lots of the rhetoric, especially stuff that gets to the front page of r/all, seems to be the kind of all-caps, hyper-reductionist, chest-beating "SO MUCH WINNING" kind of rhetoric we saw in 2016. I do think this is bipartisan, in that there's no one side of the political spectrum that's flooding in here, but I think we're seeing the kind of hype devices that were used to (apparently) great effect in 2016.
  - unobtaniumstool 6y ago
    This is entirely true, and easily verified by checking subreddit user overlap. WSB overlaps heavily with a number of right-wing subreddits, and, naturally, /r/unemployment.
  - 6y ago

spzx 6y ago

>Whatever is left of it has been diluted when literally millions of people flooded it. Just as an illustration, a number of /r/wallstreetbets/ subscribers: 26/1: 2,390,238 27/1: 3,336,749 28/1: 5,036,912 29/1: 6,317,967 30/1: 6,965,330 31/1: 7,508,966 1/2: 7,977,780 2/2: 8,278,750 3/2: 8,427,584 (via https://archive.md/https://www.reddit.com/r/wallstreetbets/ https://archive.md/https://www.reddit.com/r/wallstreetbets/ )

BlackInkstoan 6y ago

The amount of misinformation being propagated in the subreddit has reached absurd levels. I wonder where the voices of reason will migrate to once this fiasco dies down further.