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CCFCN: Pay Attention to Meme Stocks and NFTs ~ Advice from Reddit Founder

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Avatar for cmoneyspinner
Written by   58
2 months ago
Topics: Reddit, Investing, NFTs, Memes, Stocks, ...

This is so weird. Just yesterday I was chatting with an online friend saying that I did not really like memes. This morning I wake up and see this article:

"Generation Coming Up Has More Fundamental Understanding Of Markets": Reddit Founder Alexis Ohanian On Meme Stocks And NFTs | Benzinga

The moral of my story is: Just because you don't like something, that doesn't mean that you should ignore it. You might be missing out. (I also don't like Reddit very much.)

File this under: Things that make you go ... Hmmm ...🤔? 🌝 🌝

This article's title caught my attention for 3 reasons.

  1. I am trying to keep up with the evolution of NFTs (non-fungible tokens);

  2. I had no idea there was such a thing as “meme stocks”;

  3. I do keep up with women in sports; especially the Olympians.

Quoting some highlights from this article:

“Ohanian On Meme Stocks: Reddit, which was founded by Alexis Ohanian, is now valued at $10 billion in a new funding round announced by the company.

Reddit has become a go-to place for trading ideas for investors with the WallStreetBets subreddit now actively tracked for social sentiment. …

“I’ve invested big in women’s sports, but the rise of NFTs and trading card boom is going to be HUGE for women’s sports,” Ohanian said.  ...”

Uh huh. Good investing tips!

Another tip?

Benzinga.com is an excellent go-to site for information about cryptocurrrency, FOREX, and other financial topics. It shares "Actionable Trading Ideas, Real-Time News, and Financial Insight".

RELATED LINKS:

NFTs are unlocking a new future for sports fans following the 'Beanie Baby' boom, even if not everyone’s sold

The history of meme stocks suggests Robinhood’s surge could still continue

This is the 4th article (or short post) in my CCFCN series. (CCFCN = Curated Content for Crypto Newbies.) Below are the previous 3 articles.

Ways to convert BTC to Fiat without KYC

What are the GAAP for Digital Assets?

Senator Warren Urges Stiff Regulation of Cryptocurrency

  • I also post crypto-related content on Noise.Cash.

BONUS TIP!

Excellent introduction to BCH for newbies. Check out this awesome content! What Is Bitcoin Cash? | CoinJab:

Thanks for reading.

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Avatar for cmoneyspinner
Written by   58
2 months ago
Topics: Reddit, Investing, NFTs, Memes, Stocks, ...
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