The Reddit group responsible for the GameStop share price surge at Wallstreetbets has confirmed that a discussion of crypto is permissible
According to one of the group leaders, threads on cryptocurrencies are allowed in the WallStreetBets (WSB) Reddit group. The forum moderator confirmed yesterday that he would support crypto discussions, but these will only be limited to Bitcoin, Ethereum and Dogecoin. The group has so far not been open to crypto discussions despite the popularity of cryptocurrencies on Reddit.
The WallStreetBets group has been relatively dormant since it increased the value of GameStop shares earlier this year.
“After much deliberation, we decided to only discuss BTC, ETH and DOGE.”” the moderator wrote ‘bawse1’. “Within a daily crypto discussion thread so as not to burden everyone with crypto spam. All rules still apply off-thread, but please only keep them on the daily thread for now as we are assessing if this is right for our sub. “
The forum moderator noted that the limited crypto discussions would help accommodate the group members interested in crypto while maintaining the focus on the exchange.
“To be very clear, we are not a crypto subreddit. We’re just trying to find a place for you guys on our subreddit. “
“Bawse1” revealed that the matter had been worrying for some time but was delayed as the errors exceeded merit. For this reason, the forum leaders felt it was appropriate not to have them on the platform. According to “bawse1”, the reason crypto discussions were not allowed was to prevent the discussions from changing the focus of the group.
“Our main concern is that the crypto discussion should overtake the core of what r / wallstreetbets is all about, namely the stock market. At some point I know that r / wallstreetbets have to find a place for it […] I don’t see any point in delaying the inevitable as crypto will stay here. “
It is interesting to note that “bawse1” announced the determination on the same day that the popular US crypto exchange Coinbase went public. The crypto exchange was listed on the NASDAQ exchange yesterday and has attracted a lot of attention. It has also resulted in massive moves in crypto prices, including Bitcoin.
Of the three coins that are allowed to discuss, Dogecoin is the one that is more targeted and suitable for the group. The developers behind the crypto describe them as memes, and their history is not far from that of the Meme Stock GameStop.