- Despite a long wait, finally WallStreetBets enters into the cryptocurrency industry.
- Discussions to be mainly focused on Bitcoin (BTC), Ethereum (ETH) and other prominent coins.
- Discussions regarding scams, predictions and crypto fanning are not allowed.
Even a random novice into the stock market industry will be knowing the WallStreetBets! The WallStreetBets is a subreddit platform which is vividly into all discussions regarding the stock market. In addition, the WallStreetBets are a vital reason for the stocks of GamStop to spike up profusely, recently.
However, almost everyone who is into the WallStreetBets so badly wanted them to start discussions upon the cryptocurrencies too. Yet, the WallStreetBets has been avoiding it and once even strictly announced that crypto discussions wouldn’t take place.
On the contrary, a few days back on September 22, the WallStreetBets (WSB) finally gave out officially regarding their crypto discussion entity.
In spite of their much awaited and epic entry into the crypto industry, many are eagerly on what crypto the discussions would start. Moreover, the expectations on WSB into cryptocurrencies is extreme though.
Furthermore, WSB terms that their new crypto entity will be by the same team, by the same people and by the same system and protocol as that of their stocks.
Amidst all this, WSB does put up certain limits and restrictions regarding what to be discussed and what not too. They tend that these rules and regulations are necessary for them to maintain their standards.
On the other hand, people are expecting so much on WSB when it comes to cryptos. This is because the GameStop was in fact absolutely nothing at start , but with the WSB, it is now at its all time high. This in fact, no one ever even dreamt of!
Crypto Rules of WSB
Besides the expectations, the WSB is so strong in maintaining their standards. Accordingly, they have devices with certain rules and regulations upon the cryptocurrency discussions.
In addition, one of their rules depict not to discuss any sorts of market bear or bull, scams and smart contract schemes etc.
Furthermore, they tend to concentrate more upon recent hot trends like the China crypto ban, developments of Solana (SOL), and further on.