- Wall Avenue Bets is permitting posts on some digital belongings after years of discouraging crypto chatter.
- Solely discussions on bitcoin, Ethereum’s ether, and dogecoin shall be allowed, a moderator put up stated.
- “I do not see the purpose in delaying the inevitable anymore as crypto is right here to remain,” the moderator wrote.
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Wall Avenue Bets, the Reddit discussion board that kickstarted GameStop’s epic buying and selling frenzy, is permitting its members to trade views on some cryptocurrencies, in keeping with a recent moderator post.
The subreddit has a “No Cryptocurrency” rule, listed as a part of a content guide, that limits posts solely tied to cryptocurrencies or the expertise they run on. Another guidelines embrace “No Pump & Dump” and “No Market Manipulation.”
“I do not see the purpose in delaying the inevitable anymore as crypto is right here to remain,” a moderator who goes by the username “bawse1” stated. The subreddit had stayed away from permitting posts on crypto on concern that “crypto dialogue overtakes the core of what r/wallstreetbets is about, which is the stock market.”
The social platform and community group is known to seek opportunities to improve their finances through high-risk day trading. An explosion of interest in digital currencies has led the group to open up its discussion thread to members who “love” them.
“Just to be clear, we are not a crypto subreddit,” the moderator wrote. “We’re just trying to find a place for you guys within our subreddit.”
WSB’s move came on the same day as crypto exchange Coinbase’s public debut and bitcoin posted a brand new all-time excessive of close to $65,000.