Can An Altcoin Get The r/WallStreetBets Treatment?

By Hitsonerr | GameOnGriffin | 28 Jan 2021


WALL  ST BETS

By now, everyone has heard of what r/wallstreetbets has been up to. It has been dubbed the clash of the classes. In the past few days, GameStop stock has soared 1700%. These gains are big news for anyone who could get in while the prices were still low. The r/wallstreetbets guys have also aimed at stocks like AMC, Bed Bath & Beyond, Blackberry, and even Tootsie Roll. It has gotten to a point where the app RobinHood has stopped people from buying into these apps. I've been a lurker of r/wallstreetbets for years and have never seen anything quite like this. That got me thinking. If a group of people can come together and manipulate such a volatile system like the stock market, can't the same be done for crypto?

Now I'm not suggesting doing anything illegal, but why couldn't people form a group together to maximize earnings. We've recently seen many altcoins performing well. Dogecoin saw significant gains, and that coin started as a meme. If a network of people got together using cryptotab, the amount of bitcoin mined would be through the roof with minimal effort from those involved. Even the price of coins could stay at a certain level if people all agreed to hold at a set amount. We can all retire on yachts someday if we worked together for a short time.

 

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