Investment

r / Wallstreetbets rebans the crypto discussion after the Bloomberg article

r / Wallstreetbets, a subreddit known for organizing a pump for dogecoins and GameStop short press, bans discussions on cryptocurrencies after officially authorizing the topic for a single day.

Subreddit moderator in / bawse1 announced on Thursday, r / Wallstreetbets has now forever banned discussions of cryptocurrencies under a Bloomberg article with name “WallStreetBets made the clan cryptocurrency.” Just the day before, the same moderator had officially announced that the subreddit would finally allow a discussion of cryptocurrencies strictly limited to bitcoins (BTC), Ether (ETH) and dogecoin (DOGE). The new post reads:

“Because of the article that was written.” [by] Bloomberg, who somehow felt that “WallStreet was betting on a crypto.” Discussion of cryptocurrencies is prohibited indefinitely. I read a lot of silly articles about wsb. This one takes the cake. PS As always. Please be respectful. “

Thursday update of r / Wallstreetbets rules reads that the subreddit automatically deletes the contents of the cryptocurrency in addition to the non-functional tokens. “You can only mention this marginally, but contributions whose only topic is cryptocurrency or basic technology are not allowed.” The crypt market usually consists of small accounts and pumps & dumps, ”says the guide to the contents of the subreddit comment.

Founded in 2012, r / Wallstreetbets is a subreddit where participants discuss stock and options trading. With a subreddit that boasts nearly 10 million members, it has become immensely popular this year r / Wallstreetbets en masse drew GameStopThe stock price rose sharply from around $ 20 in early January to more than $ 340 on January 28.

While the GME frenzy has cooled somewhat, with the stock trading at $ 158 at the time of writing, DOGE has recently been breaking new historical highs, Settings a new record of $ 0.29 on Friday. Altcoin has grown by more than 380% in the last seven days, gaining more than 6,000% in the last 12 months.



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