WallStreetBets coin tanks 90% after insider dumps holding • Hacker News Board

Re: WallStreetBets coin tanks 90% after insider dumps holding

#41

Post by smcn » Fri, May 05, 2023, 4:19 PM UTC

dragontamer wrote: post #39

smcn wrote: post #33

Earlier quoted context omitted.

None of the successful stuff is coordinating a pump and dump. You may get the odd post where someone does try but it doesn't go anywhere. > But, actually, some of the WSB stuff is openly coordinated strategy, not intelligence, overtly seeking to manipulate enough action to cause an outcome, not providing intelligence/analysis on what os likely to occur without active intervention That would not be correct, no. If you…

> None of the successful stuff is coordinating a pump and dump. Memes are the mechanism to pump. Selling when everyone else is still meming is the dump. The masses support the prices while you leave and take profits. Its basically a transfer of wealth from apes to the meme-leader (ie: the one who made the meme and pushed it to be popular) And its 100% blatant. Thats what this whole topic is about: WSB doing a rug-pul…

Memes are information, that's all. Just a way of imparting information in an easily digestible manner. You are really deep into this belief and it's pretty surreal.

It's easy to rug pull a cryptocoin that you created. It is not easy to pump and dump stocks with over 500m market cap. WSB is open, I wish you'd just take the time to debunk your own beliefs.

Re: WallStreetBets coin tanks 90% after insider dumps holding

#42

Post by dragontamer » Fri, May 05, 2023, 4:26 PM UTC

smcn wrote: post #40

dragontamer wrote: post #38

Earlier quoted context omitted.

> Is it possible that you lost money following WSB Nope. Try again. > The price targets of $1000 for GME would have been met should they not have disabled the buy button I do pity you that you're so deep in the conspiracy theories that you can't see reality. GME stopped going up because the short squeeze ended. WSB mods needed to keep the story going so they sold you another lie. Robinhood literally ran out of money…

Sorry, no this is factually incorrect, I have already linked you to an article detailing why the momentum stopped. For what ever reason, the ability to buy was stopped on many more brokers than just Robinhood. In the UK, we also had Trading212 turn off the buy button. That is not up for debate, that is historical record. You're the one currently engaging in conspiracy theories, I hope you see the irony in that.

I have a buy order on my brokerage account for GME that went through.

Explain that. I purchased GME literally during when WSB was filling conspiracy theories about not being able to buy the stock.

So I know the truth here. I literally bought the stock to prove my coworker wrong on that day.

-----

Lemme ask you again. Do YOU know what T+2 settlement is? This is the law of the USA. It has implications for the trading of US stocks like GME.

> You're the one currently engaging in conspiracy theories, I hope you see the irony in that.

You're commenting on an article about how WSB moderators literally executed a rug pull and pump-and-dumped a Cryptocoin.

The evidence is pretty clear. The question is if you're willing to see it.

Re: WallStreetBets coin tanks 90% after insider dumps holding

#43

Post by dragontamer » Fri, May 05, 2023, 5:02 PM UTC

smcn wrote: post #41

dragontamer wrote: post #39

Earlier quoted context omitted.

> None of the successful stuff is coordinating a pump and dump. Memes are the mechanism to pump. Selling when everyone else is still meming is the dump. The masses support the prices while you leave and take profits. Its basically a transfer of wealth from apes to the meme-leader (ie: the one who made the meme and pushed it to be popular) And its 100% blatant. Thats what this whole topic is about: WSB doing a rug-pul…

Memes are information, that's all. Just a way of imparting information in an easily digestible manner. You are really deep into this belief and it's pretty surreal. It's easy to rug pull a cryptocoin that you created. It is not easy to pump and dump stocks with over 500m market cap. WSB is open, I wish you'd just take the time to debunk your own beliefs.

"Pumping" means giving information (true, or false) to pump a stock.

The pump (meme the stock up), then dump (aka: Roaring Kitty becomes a millionaire). That's it. Its really straight forward. The question is how many people can you trick or rope into the scheme, that's all.

"Boiler Rooms" in the 90s did the same thing, just with far less efficiency than WSB. That's all I'm saying. WSB is the "best" at the job. Yeah, spreading rumors (some true, some not), but all for the purposes of making the rumor-spreader more money. Just because YOU call it a "meme" doesn't change the fundamental rumor-spreading behavior here.