r/wallstreetbets and the market

posted by geeblock

Looks like Twitter is going to ban the posts so we’ll see if people who were fine with the Trump ban are fine with bans on stock posts 

They banned the Reddit too, at least for a bit. Big tech is garbage. 

posted by iclfan2

They banned the Reddit too, at least for a bit. Big tech is garbage. 

I'm dumbfounded over that.  Trump is a unique animal, so I try not to use him as an example to make a case for "new normals".

Can't say I've ever seen anyone make a case that we need to protect people from their own stupidity on the internet.  I know that kind of falls under the "nanny state" mantra, but some of the biggest nanny state proponents have always been like "ohhhhh, nothing is more pure and sacred than a free and open internet!"

Pump-and-dump schemes, and this kind of sounds like a version of that, are illegal.  So it's a little hard to dismiss this as harmless and no big deal when registered brokers go to jail for this.

Go back to verified identities on the internet.  Remove the complete anonymity the "anarchists" rely on and then let law enforcement deal with determining if what people are saying is dangerous or protected speech.

Perhaps we've been getting a little too caught up over protecting anonymous speech, which isn't actually the same thing as free speech.

posted by gut

I'm dumbfounded over that.  Trump is a unique animal, so I try not to use him as an example to make a case for "new normals".

Can't say I've ever seen anyone make a case that we need to protect people from their own stupidity on the internet.  I know that kind of falls under the "nanny state" mantra, but some of the biggest nanny state proponents have always been like "ohhhhh, nothing is more pure and sacred than a free and open internet!"

Pump-and-dump schemes, and this kind of sounds like a version of that, are illegal.  So it's a little hard to dismiss this as harmless and no big deal when registered brokers go to jail for this.

Go back to verified identities on the internet.  Remove the complete anonymity the "anarchists" rely on and then let law enforcement deal with determining if what people are saying is dangerous or protected speech.

Perhaps we've been getting a little too caught up over protecting anonymous speech, which isn't actually the same thing as free speech.

Maybe we can get everyone a serial number they have to register and we will tattoo it on their forearm 

In order to bankrupt a hedge fund, there has to be some real money behind this. I'm sure that you have some people trading from mom's basement, but you wouldn't be able get enough of those people to threaten a hedge fund.

posted by gut

Go back to verified identities on the internet.  Remove the complete anonymity the "anarchists" rely on and then let law enforcement deal with determining if what people are saying is dangerous or protected speech.

Perhaps we've been getting a little too caught up over protecting anonymous speech, which isn't actually the same thing as free speech.

Robinhood and CashApp have remove the ability to trade certain stocks from their platform.

As George Carlin once said, it's a big club and you ain't in it.

Just saw this on twitter. A good primer for anyone still trying to figure out what's going on.

The plebs are PISSED. 

New to Robinhood? Our Investing 101 hub has guides for stocks, strategies, and everything in-between. https://t.co/TfXXVq07Nt pic.twitter.com/zTzwYnEqUb

— Robinhood (@RobinhoodApp) January 28, 2021

posted by justincredible

Robinhood and CashApp have remove the ability to trade certain stocks from their platform.

As George Carlin once said, it's a big club and you ain't in it.

That's messed up...  What is the allure of Robinhood instead of using like TD Ameritrade?

posted by iclfan2

That's messed up...  What is the allure of Robinhood instead of using like TD Ameritrade?

Is Robinhood the one where you can buy fractional shares? Or am I confusing it with something else?

posted by justincredible

Just saw this on twitter. A good primer for anyone still trying to figure out what's going on.

I would probably only get a C on the test but understand it much better..thanks

posted by Al Bundy

Is Robinhood the one where you can buy fractional shares? Or am I confusing it with something else?

Yea, I started looking into it after I asked, and that seems to be the only benefit. Wonder how much this move will hurt them.

Gonna buy some $NOK on CashApp today, I think. 

posted by justincredible

Gonna buy some $NOK on CashApp today, I think. 

I thought I saw that they were being shady too. 

I tried yesterday, wouldn't go through.

Said my bank declined the transaction, yet I bought BTC earlier in the day. I'm assuming also blocked. 

I just tested it and it let me get to the buy screen for Nokia.

posted by Automatik

I tried yesterday, wouldn't go through.

Said my bank declined the transaction, yet I bought BTC earlier in the day. I'm assuming also blocked. 

Ahh, I didn't actually try to buy. Wonder if they just tell you no once you submit now.

You buy your BTC on CashApp?

Yeah, I got there too. One I got to Face ID to submit the transaction it was declined. I tried like 4 times. 

posted by Automatik

Yeah, I got there too. One I got to Face ID to submit the transaction it was declined. I tried like 4 times. 

Some people said it was working for them now. The original post I saw about cash app might have been bc everything was slammed at 9:30. 

I’m not buying anything, just thoroughly enjoying following along.