"A sobering realization," or "we are all not in this together."

Today I met a Shib holder in the wild. He's a nice guy I've known for years, and would never have imagined him to hold any "crypto." Our conversation began with talks of inflation, and ways to preserve our modest savings.

We discussed the usual methods; real estate, precious metals, etc. I didn't even mention crypto to him (my favorite subject) as he is a country boy contractor in a rural area. Honestly, I'm a country boy contractor too, just younger and been into tech my whole life.

Well, he suggests "bitcoin." Well that got me excited, and I told him that yes indeed, I thought crypto was a great hedge against inflation. A little bit into the conversation he tells me he bought shib, which surprised me. I thought he probably only knew of crypto as "bitcoin."

I told him I had bought and sold it, and asked him what he bought it at. He said he bought some at 0.00005 then got excited and bought a lot more at 0.00008. Oof. There he was, right in front of me. The embodiment of all the people that made it possible for me to make out like a bandit on shib. I didn't tell him this, but I had bought way back when it was 0.000006, and got out at 0.00007, on the way back down from the top. He asked me sincerely if I thought Shib would have another pump. I could only reply "I don't know."

It was sobering for me. Crypto isn't all fun and games, and there is a literal graveyard of poor decisions and financial ruin buried on top of mountain.

I'm not rooting for Shib, but if it ever goes back up, make sure to pick him up on the way.