The Appallingly Toxic Culture Of WallStreetBets (Rant)

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Over the past several months, there has been a significant rise in hopium and speculation that has led to communities thinking that any shorted stock or altcoin can go to the moon. We have seen random altcoins like SafeMoon, Shiba, and of course DogeCoin being pumped up beyond belief. Similarly, we see random nameless penny stocks being top contenders for the next short squeeze. In reality though, it's likely that most of these altcoins and potential short squeezes will end up going nowhere. Most of the gamblers on WallStreetBets and Stocktwits will likely end up buying the dip and diamond handing to the very bottom. The worst part though is that such communities are making it seem like these pipe dreams can actually happen which has lured naive investors into pouring their life savings into random altcoins and penny stocks hoping that they will be part of the next GameStop or DogeCoin. This video outlines the extremely toxic culture of Moonboy communities and why most of them will unfortunately end up losing everything.

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Timestamps:
0:00 - Toxic Moonbois
1:20 - The Next GameStop
2:38 - The Next DogeCoin
4:20 - Braindead Trading Practices
8:47 - No Larger Mission
10:35 - The Inevitable Fall

Resources:

Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.

[ominollo]

WSB is a quite entertaining place, I mean everyone is calling everyone else “ape”, “retard” or similar and their memes are quite funny 😁

[adrianmoisa]

Too many people are obsessed to achieve fame by any means. Nowadays with large online communities amplifying the message "of get rich or die trying" it's close to impossible to maintain sanity and composure when making financial choices. Great call on producing this video. Anything that can be used to balance the scale helps.

[jacksonhansard]

I don't have discord but my video idea is:
Why schools are failing their students

[ImieNazwiskoOK]

I know it's small detail but from thumbnail it looks like they aren't toxic.


They are just radioactive.

[garywang]

wow i still remember when u had like 9k subs and u showed me that one nvidia video at the gym - ur almost at 100k congrats man!

[mellowmike]

I'm glad people are talking about this, I've seen a huge growth in these types of posters everywhere and I don't even use the mentioned communities.

Being a moonboi is bad for you and it's bad for the investing world in general, it puts off people who could have their life changed by sensible investing as these anecdotes of people who "lost everything" hit way harder than the data of compound interest.

[dvtkdlwl]

Whoa...you really brought out a side of them that I did not know about. They are portrayed as heroes almost everywhere. Good job👏

[Miranox]

It's the same as lottery hype. There will always be people who waste their money and I won't feel sorry because they made their own bed.

[MoneyMindsetM]

Money never sleeps, pal.
- Gordon Gekko

[serbanandrei]

Thank you for daring to say it out loud

[DougBohm]

People fail to understand value and bag holding. Thanks for making this video.

[foeukgf]

Here since about 5k subs. Just checked your sub count now and wow this channel has had some good growth, but still a underrated!

[wifine]

After GME, the subreddit went to shit

[napoleon]

Very wellmade video. People need to hear this..

[mac]

Brave to make this. I have the opinion that they may be a vindictive bunch. Well done.

[Hamsteak]

I'm waiting for the correction to happen including real estate.

[SwavvyXrs]

Love the.background music... I wish i would've still had the mindset of a newbie in WSB because that's when you make big bucks not taking into account all other factors lol Damn I missed NKLA, AMC, SNDL, TSLA, NIO, & another bunch I mentioned in the forum for paperhanding them. I was one of the 10% that called out which stocks we're going up oh well they banned me 😂

[Roof]

You didn't mentioned Papa Moonboi Elon. 😅

[DKMperor]

But I like watching people light their money on fire...

[JackSparrow-xvyk]

Youre right many people are losing money