Move Over Bitcoin r/wallstreetbets Is The New Hot Investment
And Soon Even The Shoe Shine Boy Will Be Talking About It
Let’s go back to 2017.
Bitcoin was all everyone talked about.
My Dad, someone who doesn’t have a Facebook and struggles to attach files to emails was talking about.
Articles and interviews were pouring out from every angle and news provider about this mysterious financial device.
19-year-old millionaires who had bought 100 bitcoins when it was $100 a coin was being touted as geniuses.
The more people talked about it the higher it went.
The new bitcoin hype investment just arrived.
And it’s all on r/wallstreetbets.
Ok, it essentially is r/wallstreetbets.
Many of you have no idea what I am talking about. Maybe you have seen Cramer reference it a few times on his many interviews and show.
Maybe you have heard it in passing as your 19-year-old son wipes his mouth with his freshly minted $100 bill at dinner.
Or maybe you are confused by the “r/” prefix.
Wherever you are if you haven’t heard about r/wallstreetbetes yet. I can almost assure you will in the next month or two.
A Light Intro To The Casio That Is r/wallstreetbets
First, let’s take a look at why this once quiet subreddit.
Their about states that they are “Like 4chan found a Bloomberg Terminal”.
If you scroll through their posts there is a cult-like usage of specialized vocabulary, leader worship(u/deepfuckingvalue), and near hive-minded like an agreement that stonks only go up.
But how is this small community moving stocks?
Here are the facts.
Above is an image of their subscriber count.