I don’t know what it is but I’m guessing something crashed and he lost money. The replies are full of examples of him shitting on everyone saying he was a lunatic or telling people how to get into huge debt in order to buy crypto.
What's the reason for the slump? Is it happening to other crypto?The value has dropped by 98% in rapid quick time.
I have a small crypto holding, and it's taken a battering in the past few weeks. I went in with a "well it'll sting but I'll put in what I can afford to lose without too much consequence long term," the sunk cost fallacy thing would suggest that I should just cut and learn my lesson. But I sort of have written it off already so I may as well just leave it and see if it comes back in the future.
At one point it was up 298% and I said, to myself, "I'll sell enough to get my money back if it hits 300," and it never got there. A lesson in my own greed. I think it's down around 50% now, that's just this week.
What's the reason for the slump? Is it happening to other crypto?
Feller I know has just bought an acre of land and a little semi-derelict cottage in Tipp off the back of a couple of years of obsessive quick trading. I'm now wondering how he's doing.
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