I agree, I think there's definitely been a large cultural shift when it comes to retail investing. Lots of people these days want to find the
one play that gets them to retirement.
That culture shift extends well beyond WSB, but I think its at least somewhat less obvious here. In my experience, most of the time when people throw out price targets, at most they're predicting a 20%, 25% move, and not the 10x, 100x, or 10,000x you see elsewhere.
I don't think there's really a way, from a moderation perspective at least, to take the dreamers out of the equation... other then waiting and letting them get blown up by their high risk plays.
And just a note, r/wallstreetbets hasn't allowed penny stocks, crypto, or NFTs for many years. (NFTs never)
That culture shift extends well beyond WSB, but I think its at least somewhat less obvious here. In my experience, most of the time when people throw out price targets, at most they're predicting a 20%, 25% move, and not the 10x, 100x, or 10,000x you see elsewhere.
I don't think there's really a way, from a moderation perspective at least, to take the dreamers out of the equation... other then waiting and letting them get blown up by their high risk plays.
And just a note, r/wallstreetbets hasn't allowed penny stocks, crypto, or NFTs for many years. (NFTs never)