WSB (WallStreetBets) is a Reddit community of investors and traders who follow the stock market. The WSB list includes stocks that receive a lot of media attention and have a strong sentiment from retail investors. The popularity of these stocks among retail investors combined with social media creates viral trends with a global reach and large price movements. WSB investors are attracted to "meme stocks" and popular "blue-chip" stocks due to their familiarity, volatility and momentum. Since meme stocks often experience rapid price movements, traders can potentially make quick profits as more investors rally around a stock, creating a sense of community among meme stock traders. Many people who invest in meme stocks are active participants in online forums and social media groups where they share information and insights about trading strategies, market trends, and individual stocks.
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The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".
It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.