Benni · 2022-08-16T17:00:57.684874Z

I feel like early 2021 when Gamestop went through the roof because of the Wallstreetbets crazies. If you look at Reddit, it's at least the same. Crazy what is currently going on there 🤯🚀

4Yr

Always very entertaining

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Benni@Benni-KryptoandStocks

4Yr

@Mcl1991 Yes think it over well. Can be all gone if too late raus gehst but can also be x5 or X10. Important is to set stop and do not go crazy even if the price goes down suddenly. As you can see from the course, it usually goes up again until at some point the peak was reached and it then falls into the bottomless pit.

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LOWIQ@lowiqinvesting

4Yr

I think a trailing stop loss makes sense, but I've never used one, so I'm not really sure.

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Tabularasa@Tabularasa

4Yr

And on Scalable, there are no shortable derivatives 🥺

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Benni@Benni-KryptoandStocks

4Yr

@Tabularasa Phew, shorting this hot French fry stand is very dangerous

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Tabularasa@Tabularasa

4Yr

@Benni-KryptoandStocks The first ones are already taking profits, after all

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Benni@Benni-KryptoandStocks

4Yr

@Tabularasa I think this is just a brief profit-taking move. It won't be long before it breaks the $30 mark.

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Marcel@Mcl1991

4Yr

@Benni-KryptoandStocks I still don't quite get it 🙈 So on Reddit (which I've never really used and know nothing about), there's a forum called WallStreetBets where people are coordinating to push this stock? But how high are they supposed to push it? To $30 and then sell everything again, or what?

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Benni@Benni-KryptoandStocks

4Yr

@Mcl1991 Right now, there are 12.5 million users on the WSB forum, and they’re all cheering each other on and showing off how much they’ve already invested in the stock. There are people there who’ve poured millions into it 🤯 There’s no real price target. You’ll find all kinds of estimates there, ranging from $30 to $300. Everyone is the architect of their own fortune. I always recommend setting a stop-loss and adjusting it regularly.

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Lorena@Lorena

4Yr

@Mcl1991 Did you catch that GameStop thing back then? It's the same principle. In true Robin Hood fashion, small investors want to drive short sellers into ruin by investing in just any stock.

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Marcel@Mcl1991

4Yr

@Benni-KryptoandStocks Okay 😄 That's really just wild speculation. I'm currently thinking about whether I should get started with a small amount. But doing it overnight would probably be too risky for me 😄

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Marcel@Mcl1991

4Yr

@Lorena I've only heard about it in general terms. I wasn't involved with the stock market at all back then 🙂 but I know it was basically the same process

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Benni@Benni-KryptoandStocks

4Yr

@Mcl1991 Yeah, think it over carefully. You could lose everything if you get out too late, but it could also go up 5x or 10x. The important thing is to set a stop and not let yourself get worked up, even if the price drops suddenly. As you can see from the chart, it usually keeps going up again until it eventually reaches its peak and then plummets into the abyss.

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Marcel@Mcl1991

4Yr

@Benni-KryptoandStocks Yeah, I just saw that 😄—it dropped from over €26 to €22.30. I think I'll take a closer look at WallStreetBets first and maybe jump in tomorrow. Thanks for the info ✌️—I hope you make some good profits on this 😄

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Tabularasa@Tabularasa

4Yr

Boom, there it is again—back down

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Deleted User

4Yr

Comment was deleted

Code & Capital@Codeandcapital

4Yr

@Edward I've also heard that the whole WallStreetBets thing is just a smokescreen, because for some reason you can never find anyone who actually started it. And when you think about how much money you'd need to have on hand to drive up the price, it doesn't make sense to me either.

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Enrique@Dividenden_Monteur

4Yr

@Edward I haven't found anything in the original English version either.
And the German knockoff is a total mess🤡
Some of them were still active on Getquin last year, until they were "kicked out" by the community here.

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