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WSB started as a canard to get more drunk tourists to the small stakes poker tables, in this analogy the poker table is low volume options where you can get a h
by cirgue 5y ago
WSB started as a canard to get more drunk tourists to the small stakes poker tables, in this analogy the poker table is low volume options where you can get a handful of robinhood investors to move the price and make a quick thousand bucks. It’s still that today, but larger players with more money figured out that they could do that too, and potentially on a larger scale. That’s what this has always been about. There’s no movement, there’s no postmodern narrative, it’s just a bunch of people pumping and dumping and using the “movement” thing as a fig leaf.
- wsb_mod2 5y ago> WSB started as a canard to get more drunk tourists to the small stakes poker tables 1. WSB was created before Robinhood was released. 2. WSB started as a place for people to discuss more risky strategies than what was being discussed on r/investing 3. Yes. There is no movement. WSB is not your personal army.
- cirgue 5y ago“Robinhood investors” is a synecdoche here. Substitute “etrade” if you prefer.
- spelunker 5y agoJust like crypto! Hey, wanna buy into ShibaInuElonIsTheBestCoin? I hear it's gonna pump soon.
- Bombthecat 5y agoShiba just pumped hard for no reason.. Really.. Market is still full of shit..