My friend lost $2K in the whole squid game token fiasco and later was playing the victim card stating "I was sold by the main stream media and its their fault".
Ironically he is pissed at me for blaming him for his misfortune.
Another friend put on a long position (x10) with his entire savings of $2400 when bitcoin was at $65k as he said majority of the YouTubers were stating BTC would touch a new high of at least $75k. He was dumb enough to not put a stop loss as he thought "setting up a losing trade is part of a looser mindset" (still can't get over how ironic it sounds now).
His position has liquidated, and now he thinks Crypto is all gambling.
I haven't made big in crypto either, I started off in august, went up to 2.2x my original investment and now I am back to a comfortable 1.7x (which is more than what I ever expected). I am still leaning with every trade, I make my decisions based on evidence not emotions, losing is part of the learning process and it teaches you more than a winning trade.
If you blindly follow the big names in IG, YT and twitter, you're setting yourself to fail. If you do not play wisely, the game is setup to screw over sheep retail investors. You have to take words of influencers with some subjectivity. I know it sounds obvious but people do not follow it at al. The funny part is that by playing the victim card they aren't even using the loss to learn a lesson.
Edit 1: We are still friends and they are just doing fine too, but not recognizing your own fault is further paving way for not taking accountability. If I agree with them then it wouldn't be very sincere from my end.
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