Wall street bets dogecoin

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Reddit’s WallStreetBets trading lingo has filtered its way onto the mainstream media this week due to Thursday’s Robinhood hearings in Washington DC. This lingo has also been used in the Dogecoin community for quite some time, actually since its inception. Terms like To The Moon, HODL, and Paper Hands can be seen all throughout the Dogecoin Reddit page and on Twitter. So we will break down all the WallStreetBets, and Dogecoin / Crypto lingo is one full list.

Here is a breakdown of what they all mean.

ROARING KITTY

Keith Gill, a financial adviser whose Reddit posts and YouTube videos helped drive interest in GameStop’s stock back in January.

STONKS

An intentional misspelling of the word “stocks” originated from a meme.

HODL

It means to Hold On For Dear Life.

Wall street bets dogecoin

Hopefully in time, people will start to investigate how they can earn on the DeFi market.

Share & Win

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Wall street bets dogecoin reddit

Те могат да доведат до това акции със слаб ценови потенциал да счупят всички рекорди и да причинят кризи за хедж фондовете, заложили на падащите цени. Така например през януари 2021 година частни трейдъри на Wall Street Bets доведоха до повишаване на акциите на търговеца на видеоигри GameStop с 1700% чрез приложения за търговия без комисионни. За определени хедж фондове тази промяна доведе до значителни и негативни финансови последици.

В онлайн платформата Reddit се появяват коментари и подкани от частните трейдъри за насърчаване на цените на акциите на GameStop.
Те наричат себе си аутисти милениъли и посягат на спокойствието на професионалистите от цял свят, които се чувстват объркани от силата и възможностите на малките инвеститори да влияят по този начин на пазара.

Wall street bets doge

Мирослав Трифонов

криптовалутиновиниинвестиции

Dogecoin е популярна криптовалута, която се нарежда сред най-търгуваните в интернет, отличаваща се със светкавични и сигурни транзакции, ниски такси и голяма ликвидност. В сравнение с годината на появата на тази криптовалута цената ѝ се е повишила 30 000 пъти – от едва 0,001540753 от долара за Dogecoin през 2014 година до около 50 цента. Значима роля в този процес изиграват Wall Street Bets, както и Илон Мъск, споменаващ активно валутата в профила си в Twitter още през 2019 година.
Всеки негов пост води до нарастване на цената на Dogecoin.

Wall Street Bets и драстично повишените акции на GameStop

Wall Street Bets привлича вниманието както на играчи-професионалисти и финансови регулатори, така и на случайни инвеститори, опитващи се да подобрят финансовото си състояние.

Wall st bets dogecoin

In the meantime, the truce was reached, and the information that Discord is no longer banning WallStreetBets spread quickly. In a statement to The Verge, a Discord spokesperson stated that:

“WallStreetBets members have set up a new server, and we are working with them. We will welcome the group back so long as they improve their moderation practices and follow our Community Guidelines.


We have reached out to the moderators to provide them with support and advice like we do for many of our large communities.”

On January 28th, the trading app Robinhood removed stocks promoted by WSB’s reddit. This was worldwide news, and many big influencers, including Mark Cuban, were outraged. This shows how centralized platforms have too much power and can control peoples finances and markets.
This problem already has a solution, which is DeFi.

Wall st bets dogecoin reddit

The crypto community is now left to wonder if this inspired the WallStreetBets community to jump into the cryptocurrency world.

Quick tip – If you want to buy Dogecoin, you can do that in three easy steps:

  1. Create an account on a crypto exchange. For example, that can be Binance.
  2. Next, decide whether you want to buy Doge with fiat, Bitcoin, or Ethereum.
  3. Buy Doge. And that’s it. You’re set to go.

WallStreetBets faces with bans

Discord, an American VoIP, instant messaging, and digital distribution platform designed for creating communities, banned the r/WallStreetBets server due to the hate speech.
However, although the server was banned, hundreds of thousands of its members formed at least two new servers where they’ve continued to pump stocks.

Wall street bets doge reddit

Tesla CEO Elon Musk joking that he was the Doge CEO on Twitter last year.

DOGEUSD chart by TradingView

While the ferocious rally of stocks like GME over the past few days has attracted attention from the retail market, institutional players are feeling the squeeze after holding short positions.

New York-based hedge fund Melvin Capital held a high profile short position on GME before the rally, eventually being forced to close out following a $3 billion cash injection from Citadel and Point72.

It’s worth noting that the recent surge in the prices of GME, AMC and DOGE are not based on any fundamentals, it is driven solely by social media hype and a flurry of buying from retail investors on apps like Robinhood.

If regulators step in and prevent buy orders of lower market cap stocks, it could cause a correction.

Wall st bets doge

However, later, the rally started again and pushed the price to its new all-time high of USD 0.024 before starting to move down again.

At the time of writing (15:43 UTC), DOGE, now the 17th largest (was the 33rd earlier today) cryptoasset by market capitalization, trades at USD 0.0219 and is up by 191% in a day.

DOGE price chart:

The rally coincided with this question on Twitter:

“WSB Chairman” claims to be the “Chairman of WallStreetBets” and has over 485,100 followers on Twitter (it was 341,700 several hours ago).

After DOGE skyrocketed, the author of the post followed with a question: “Has Doge ever been to a dollar?” During the TikTok pump last summer, the goal was also to push up the price of DOGE to USD 1. DOGE reached its all-time high of USD 0.01759 in January of 2018, per Coingecko.com data.

The TikTok pump last summer vs.

However, among these altcoins, Dogecoin has been the one to rise to the surface and grab the most attention of the lot.

The result? Well, Dogecoin had pumped 85% in 90 minutes, at the time of writing.

A look at DOGE’s charts would suggest that perhaps, a few whales caught the scent of what was about to happen and jumped on the bandwagon too. In fact, two pseudonymous traders RookieXBT and CoinMamba posted long positions, well before the pump actually began.

ahhh cryptic currency traders can make money too

No idea what I wake up to tomorrow#WSB ? $DOGE ? Crypto Twitter

good night pic.twitter.com/n9MonhrS6k

— RookieXBT ? (@RookieXBT) January 28, 2021

What next for Dogecoin?

With Elon Musk already on the WSB bandwagon, it wouldn’t be surprising if he tweets about the current Dogecoin pump.

Wall street beats dogecoin

Наложили се и утвърдени финансови играчи, инвестиращи на Wall Street десетилетия, смятат, че това е отмъщение от страна на младите търговци и споделят, че никога не ставали свидетели на подобен развой. Споделя се мнението, че търговците на Reddit се противопоставят на установения ред и целенасочено атакуват хедж фондовете.

Американската комисия по ценни книжа и фондови борси (SEC) трудно би могла да докаже манипулация на пазара обаче, макар стриктно да следи случващото се. От коментар се въздържа и председателят на федералния резерв, заобикаляйки въпросите.

Играчите на GameStop са доволни – те притежават цялата власт.

В края на януари обаче цената падна до рекордно ниски стойности, довели до загуби за част от търговците, при което Wall Street Bets и Robinhood са обвинени в манипулация на пазара от редица известни личности.

This caused significant financial consequences for certain hedge funds. However, by the end of January, the price had fallen record low, hitting a high of nearly $500 per share and causing large losses for short-sellers.

As a result, renowned politicians, celebrities, and business people, including Tesla CEO Elon Musk, U.S. Senator Ted Cruz as well as rapper Ja Rule accused WallStreetBets and Robinhood of market manipulation. Several official lawsuits were also filed in the United States.

However, these lawsuits aren’t the only consequence of WallStreetBets spree. The other stocks suffered as well.

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