If you don't know or understand what happened today with cryto read this.

[leea-1334]

Wall Street does this for a living and funnily enough they were probably too careless to cover their tracks but this smacks of inside trading.

For example the guys of Gamestop probably told the redditors or his/her friends about how much position they were short in. They cannot manipulate themselves,,, as illegal, but they did not mind telling others for maybe a cut of the profits. Smart.

[so98nn]

Wow this is so cool to discuss and it's completely new addition to my knowledge regarding how investments works in the market and how they could have indirect or direct relation on the prices.
So its power of retails and grouped community which overcomes the companies fundings in first place. This is nothing but signalling the pump in one direction with the power of altogether pumping!!
I just hope that this trend continues and other investors go FOMO and buy more crypto at this price. 

I do not think the price increase is due to a Bitcoin "Short Squeeze" ...but rather a result of a Elon Musk Tweet about Bitcoin that went out. Source : [...]

All the rich people equally contribute to the crypto market.
So lets accept that whether it's institutional investors, individual billionaire or retailers all of them are so much important and run this business.

[DooMAD]

It does once again raise the question as to whether our markets are genuinely capitalist or not.  Apparently it should only be a case of "let the market decide" when it suits the establishment.  If hedge funds are gambling recklessly to the point where they risk bankrupting themselves, I'd say this outcome is their own stupid fault.  If they hadn't taken dumb risks, it wouldn't have mattered if Reddit was plotting against them or not.


//EDIT:  Facebook have subsequently shut the Robinhood Trader's group:
https://www.theguardian.com/technology/2021/jan/29/facebook-shuts-popular-robinhood-stock-traders-group-amid-gamestop-frenzy

The establishment is apparently a bit flustered and looking to put the kibosh on this uprising.

[VanityWallets2015]

Wow this is so cool to discuss and it's completely new addition to my knowledge regarding how investments works in the market and how they could have indirect or direct relation on the prices.
So its power of retails and grouped community which overcomes the companies fundings in first place. This is nothing but signalling the pump in one direction with the power of altogether pumping!!
I just hope that this trend continues and other investors go FOMO and buy more crypto at this price. 

I do not think the price increase is due to a Bitcoin "Short Squeeze" ...but rather a result of a Elon Musk Tweet about Bitcoin that went out. Source : [...]

All the rich people equally contribute to the crypto market.
So lets accept that whether it's institutional investors, individual billionaire or retailers all of them are so much important and run this business.

That would be really great, if it will just happen that this trend you mentioned go continuously.
And yes, the influence of these rich and known people bring impact  one way or the other.
This is good as per its effect on the market, but I’m also thinking what would be next after this?