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Blockbuster up 4900% in 2 days

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Re: Blockbuster up 4900% in 2 days

#5

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

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.

Re: Blockbuster up 4900% in 2 days

#6
post #5

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

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…

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.

Re: Blockbuster up 4900% in 2 days

#7
post #5

Earlier quoted context omitted.

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…

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.

> I'm not sure 4 the lulz nihilists has enough capitol to do big movements

Apparently they do. See AMC, BB, NOK...

Re: Blockbuster up 4900% in 2 days

#8
post #4

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

I wonder if Bitcoin's -6.09% drop today has anything to do with them liquidating to have $ to buy these stocks.

My guess was that BTC correlates with the stock market lately and most stocks have seen a pretty big drop in the last days

Re: Blockbuster up 4900% in 2 days

#9
post #4

Earlier quoted context omitted.

I wonder if Bitcoin's -6.09% drop today has anything to do with them liquidating to have $ to buy these stocks.

My guess was that BTC correlates with the stock market lately and most stocks have seen a pretty big drop in the last days

That's quite interesting if enough investors are somehow pegging their Bitcoin ownership to the state of the stock market.