[bargl]

Anyone who's curious about this should just go to the the sub reddit and just read 10 posts. Seriously it's not that complicated.

You've got a bunch of gamblers over there who basically treat this as if they're going to a casino. Then someone got a lucky break and everyone there swarmed around it. Some of them got rich taking money from hedge funds.

That's where it got main stream. The main stream media is responsible for the blood in the water feeding frenzy around this. WSB subreddit went up from 2 million to 8 million in like 1 week.

Anyone who's been on the internet knows, as a community gets popular, the quality of that community changes.

Anyone who's paid any attention to the news at all, knows that the quality and depth of reporting by a lot of people is garbage and misleading.

You add that all together and if you want to know anything about this, it's easier to form your own opinion, just go to r/wallstreetbets and see what you think. I personally, don't like it, I'm not a gambler.

I'm also sure I'm wrong on some of my take in here, I'm continuing to learn and read more. For instance I was all upset at RobinHood, but they have a pretty good reason for disallowing buys. Hopefully the core of that reason gets investigated and looked at by someone, but I will state that I think there is no clear outcome I'd expect from that investigation, that's what an investigation is for. You pay someone who you can, hopefully, trust to take the time to investigate because we've also seen that crowdsourced investigation is awful.

[paxys]

> The main stream media is responsible for the blood in the water feeding frenzy around this

Every single mainstream media host has been talking non-stop about the danger to the little guys who will lose everything from this, and how blind fanaticism on sites like Reddit & Twitter and popular celebrities are to blame for propping up the bubble. They all get called Wall Street shills for it. The mere mention of regulation risks getting them death threats. All of the frequent guests (Cuban, O'Leary, Chamath, Elon and many more) just dodge this question and continue with the "power to the people" talk. Heck Mark Cuban was on Reddit today asking people to buy more GME stock, and then defended it on CNBC right after when the host grilled him on it.

[mewpmewp2]

I don't like to call this gambling or casino because it's got a poor reputation. It's simply having fun while learning about the world and doing all of this together as a community. I really hate that it's judged or talked about so negatively.

[bargl]

There is absolutely nothing wrong with gambling.

There is absolutely something wrong with gambling when you are borrowing the money, or affecting your family.

As long as people acknowledge that gambling is a risk and put "at risk" money in, then it's fine. I don't even mind the losses people post on the sub reddit because there is a clear understanding on WSB that it's gambling. Many people over there talk about risk portfolio and exit strategies, it's not a place that encourages loss of mortgages, in general.

Also, there is a very clear difference between gambling and investing. Betting it all on a single stock is really the only thing I consider gambling in the market. Even if you don't like index funds and want to spread your money around it's all about your risk tolerance at that point. Even index funds are gambling in the short term.

[Neyamhit]

How many people - so many opinions. Everyone can be right in some aspects of gambling, and some aren`t. In any case, this is risk + luck. I myself sometimes look at proven casinos at https://nettcasinorsk.com/ and choose 1-3 where it is possible to try my luck. And regardless of any outcome of the game - the choice is always up to the player

[paxys]

Who says casinos aren't fun?

[mewpmewp2]

They are. Just feels like there's negative connotation related to that, maybe it's just me though.

In casinoes house takes more than in stocks though and stocks are more nuanced.