This week I have seen an alarming amount of articles claiming that WallStreetBets have set their sights on silver, Dogecoin and Bitcoin. Despite this making no sense a lot of people are following the crowd and falling for these pump and dump schemes.
The source of this misinformation is mostly from this twitter account: https://mobile.twitter.com/WSBChairman
They have a huge amount of followers believing them to be a representative of the WSB subreddit.
Despite the WSB mod twitter account claiming otherwise.
I don't believe the account to be doing this maliciously, but because of the very vague direction from WSBs (because of legal reasons they can't be seen as being "organised") this is causing confusion and people to stray from the "movement".
Be careful Lions. Research people the same way you would research an investment. By posting an article with the wrong information you risk legitimising imposters.
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There are plenty of such accounts, including the one many of us were shilling HIVE and LEO.
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A lot of people are impersonating WSB in hopes of getting people to coordinate in these pump and dump schemes. The issue I have with this is that I bet a lot of the people who are official WSB people had already pre-bought GME before they even started this pump and dump GME rally. Not only have they pre-bought, but they probably were already selling and taking profits as they are telling other people to buy.
I am glad you are warning people not to follow imposters, but I would like to warn people that financial advice on the internet in general that tells you to buy anything should be taken with suspicion. What makes a good financial influencer is different from what makes a good financial investor / advisor.
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