Late Stage Capitalism

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‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash (IMO they deserved it and only have themselves to blame) (theguardian.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 16 points 2 years ago (37 children)

There is a lot here to unpack.

The MSM hates crypto and they love reporting when it's down but are quiet when it's doing well.
Even stupid shit coins like Shib and Doge will rebound when bitcoin picks up.
Banks and trading platforms need to be regulated much more for stocks and crypto. They purposely let people get in too deep. Crypto investment should be with spare cash you have, not loans etc
Social media need to start being responsible along with knobs like Musk. People buying a coin because it's trending on twitter is the dumbest shit ever.

[–] [email protected] 8 points 2 years ago (4 children)

Exactly why I'm not crying. I had some money invested in crypto (long story lmao) and yeah, crypto died along with my wallet value. But I still own the coins, just waiting until rebounds and then I'm leaving this sinking ship lol

[–] [email protected] 3 points 2 years ago (1 children)

Are you mostly on Bitcoin and Ethereum or are you heavy on altcoins?

[–] [email protected] 5 points 2 years ago

ATA and DOGE is what I have right now, btc and eth are too stable for what I was doing. It worked well for a few months until the crash at the beginning of the year of course.

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