• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

MyTopSportsbooks Releases Top-10 Epic Losses on r/WallStreetBets

July 26, 2022 By GlobeNewswire

Billy Johnson, an independent journalist working with MyTopSportsbooks, uncovers the most significant losses from the infamous Reddit group r/WallStreetBets. Risking it all on faulty advice, these amateur investors end up being duped by a few others getting lucky.

MCCLELLANVILLE, S.C., July 26, 2022 (GLOBE NEWSWIRE) -- Billy Johnson, an independent journalist working with MyTopSportsbooks, has investigated the top-10 epic losses on the infamous SubReddit, r/WallStreetBets. The Reddit forum has been a hub for budding investors in recent years, notably during the 2021 GameStop Stock Saga, offering a plethora of financial advice. 

During the COVID-19 pandemic, the popularity of r/WallStreetBets surged and became a news piece of media outlets across the world. The page became the headquarters for various schemes to try to take advantage of available stock float on various assets, with people using the popular trading app Robin Hood to access the stock market.

For anyone who's ever tried their hand at the stock market, they'll be acutely aware of the potential risk. Much like gambling, playing the stock market feels great when one's on top, but things can sometimes go wrong, very wrong. The journalist has put together a list of the most epic losses incurred by those investors that forgot the importance of risk management. 

In some cases, users tripped up because they were probably too young to be investing; with one case of a 19-year-old losing every last dollar in his trading account. But that's lightweight losses compared to the $10 million lost by one investor playing around with GameStock stock at the start of 2021. 

The emergence of cryptocurrency and personal investing has seen the average Joe make millions. But this success is far less common than it seems. Whether it's miscalculating the market, overestimating the potential of assets, or just making bad bets, Johnson covered the misfortunes of overambitious investors. 

Igor Batista

Igor@viscaweb.com

This content was issued through the press release distribution service at Newswire.com.


Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

Keyrock secures FCA Registration, strengthening UK presence and regulatory credentials

July 1, 2025

Ripple (XRP) Eyes $18 in Next Rally as Little Pepe (LILPEPE) Momentum Accelerates

July 1, 2025

Little Pepe (LILPEPE) Will Outrun Shiba Inu (SHIB) in the 2025 Crypto Bull Market

June 30, 2025

Backed’s xStocks Go Live Today on Bybit, Kraken, and Solana DeFi

June 30, 2025

Zodia Custody Cements UAE Presence with Completion of Acquisition of Tungsten Custody Solutions

June 30, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter