I got my 2021 Reddit Recap and was unsurprised to see that r/cryptocurrency and r/wallstreetbets were on top. It has been an absolutely incredible year in terms of Internet culture and history and I’m ecstatic that I was a part of it. Perhaps a lot of it has to do with the pandemic and everyone spending A LOT more time online. In any case 2021 is a year when a tiny subreddit called r/wallstreetbets completely upended Wallstreet. This event had a major effect on internet culture and bled right into the Cryptocurrency and NFT world which also gained major steam in 2021.
This year changed what I pay attention to on the internet and how it is going to affect my future. This post serves as my certification of having participated in these major internet events.
I joined r/wallstreet bets about four or five months before DFV and the rest of the sub completely blew up Wallstreet with GME. I enjoy investing in stocks and this sub was hilarious. My favorite was the 300 meme where Leonidas asks a few Arcadias about their profession. The meme version has them saying “I’m a sandwich artist”, “I’m a fluffer sir!” and “I jerk off.”
It is crude but things like these on Wallstreet bets made me laugh. Not only that but I got some great stock tips. I still hold PLTR and FSTLY which true to Wallstreetbets form have been a ride. I lost some money on TLRY but unloaded it before it completely tanked. As for FSTLY that was a hell of a ride investing at $17, enjoying a moon to $120 or so although now it is back down to around $43.
The real story however is in GME and AMC. I wrote an entire post about that here.
If you didn’t read the post, basically I bought GME around $42 then sold two minutes later thinking I was stupid to go along with these Reddit people. Well, that was a mistake wasn’t it? I went in on AMC at $17 and $8 then sold it for a $24 profit around $12. Also a mistake to sell that one. My main disappointment with that is I should have payed attention to their Investor Connect program and gotten ahold of the Spiderman Homecoming NFT. I need to refine what and where I pay attention on the internet.
Well, by paying attention to wallstreetbets and Robinhood I soon found my way into Crypto. Looking in the app I noticed there were three cryptocurrencies we could invest in and so I put $200 in DOGE just because I thought it was interesting. Well, that $200 soon shot to $1,200 and crypto had my attention. My son and I rode the DOGE / Elon / SNL wave and made out with a nice profit. We bought around $0.05, watched it rocket to around $0.68 then sold a decent portion of it around $0.40. I still like DOGE and its potential but I preferred it as fun internet money, not so much as an investment.
Crypto is right up my alley. The think the mainstream doesn’t understand is crypto isn’t just investing in coins. Crypto is part of the entire Web 3.0 movement. There are projects, communities, finance, entire ecosystems being developed and I’m enjoying diving right in. I’ve been a computer nerd since 1992 and Web 3.0 makes me feel excited again just as I did when I first hopped on the internet. I knew the internet would change the world and was fascinated. I loved AOL, I loved making my own webpages on Geocities and Angelfire etc. This time however, I can be financially involved which is a major part of Web 3.0. It is not a matter of “if” these ideas in Web 3.0 will take off but “when.” I just hope I choose the right projects as my financial fortunes are now tied to it.
