Convert WallStreetBets to Bitcoin & Other Digital Currency. Crypto+WSB Stand Together!

The Issue

r/WallStreetBets is self-described as "Like 4chan found a Bloomberg terminal."

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BackStory:

On January 22, 2021, the r/WallStreetBets community initiated a short squeeze on GameStop, pushing their stock prices up significantly. This occurred after a comment from Citron Research predicting the value of the stock would decrease. GameStop ($GME) was sold short 136%

Chamath Palihapitiya debates CNBC's Scott Wapner on Gamestop stocks
Must Watch: https://www.youtube.com/watch?v=w8iYpzohhqg

On January 27, 2021, r/WallStreetBets users triggered a short squeeze on AMC, a company in a similar position to GameStop.  This happened on a handful of other stocks.

Retail Investors were finally profiting against Big Hedge Funds, until...

TD Ameritrade, WeBull, and RobinHood both halted the trading of these stocks. https://www.cnet.com/personal-finance/robinhood-app-td-ameritrade-restrict-trading-of-gamestop-amc-stock/ 

"In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK." 


As @WSBChairman tweeted: "They can only control us because we use their currency."
https://twitter.com/WSBChairman/status/1354794256582520832?s=20

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Moving Forward

Digital currencies like Bitcoin and Ethereum are better forms of value & money, that are not controlled by central entities.  Like stocks, every cryptocurrency is unique and has metrics that must be researched and reflected on before purchasing.  Bitcoin is the best performing asset of the last decade and rose 9,000,000% percent from 2010 to 2020. 

Bitcoin is:

  • Secure and permissionless.  No broker required.
  • Bitcoin is scarce and deflationary, like digital gold.  
  • It is money and can be used to make purchases.
  • Transactions cannot be reversed.

The WallStreetBets community will never face a situation like this again if they focus on cryptocurrencies and other digital assets instead of stocks.   The cryptocurrency community will welcome and educate the over 4M members of the WSB community.

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✍️ Sign the petition below to show your support to help bring 4M, new cryptocurrency users, to the ecosystem.

avatar of the starter
Ian KanePetition Starter
This petition had 435 supporters

The Issue

r/WallStreetBets is self-described as "Like 4chan found a Bloomberg terminal."

-----

BackStory:

On January 22, 2021, the r/WallStreetBets community initiated a short squeeze on GameStop, pushing their stock prices up significantly. This occurred after a comment from Citron Research predicting the value of the stock would decrease. GameStop ($GME) was sold short 136%

Chamath Palihapitiya debates CNBC's Scott Wapner on Gamestop stocks
Must Watch: https://www.youtube.com/watch?v=w8iYpzohhqg

On January 27, 2021, r/WallStreetBets users triggered a short squeeze on AMC, a company in a similar position to GameStop.  This happened on a handful of other stocks.

Retail Investors were finally profiting against Big Hedge Funds, until...

TD Ameritrade, WeBull, and RobinHood both halted the trading of these stocks. https://www.cnet.com/personal-finance/robinhood-app-td-ameritrade-restrict-trading-of-gamestop-amc-stock/ 

"In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK." 


As @WSBChairman tweeted: "They can only control us because we use their currency."
https://twitter.com/WSBChairman/status/1354794256582520832?s=20

-----

Moving Forward

Digital currencies like Bitcoin and Ethereum are better forms of value & money, that are not controlled by central entities.  Like stocks, every cryptocurrency is unique and has metrics that must be researched and reflected on before purchasing.  Bitcoin is the best performing asset of the last decade and rose 9,000,000% percent from 2010 to 2020. 

Bitcoin is:

  • Secure and permissionless.  No broker required.
  • Bitcoin is scarce and deflationary, like digital gold.  
  • It is money and can be used to make purchases.
  • Transactions cannot be reversed.

The WallStreetBets community will never face a situation like this again if they focus on cryptocurrencies and other digital assets instead of stocks.   The cryptocurrency community will welcome and educate the over 4M members of the WSB community.

-----

✍️ Sign the petition below to show your support to help bring 4M, new cryptocurrency users, to the ecosystem.

avatar of the starter
Ian KanePetition Starter

The Decision Makers

WallStreetBets Mod
WallStreetBets Mod

Petition Updates