Topic: Do you have empathy for rekt "investors"? - POLL - page 2. (Read 293 times)

We can better call these guys as cryptocurrency losers rather than calling them investors. Similar to the Mt.gox downtrend losses where people lost thousands of bitcoins due to the hack, the end of 2017 and start of 2018 has seen abysmal investors who don't have any knowledge about crypto losing all their hard earned money  by investing in these. Most of the inexperienced newbies who invested in crypto for getting rich quick sold and ran away from the market to prevent further losses. They never think of these as a long term holdings or rather considering them as a form of digital payment. On the other hand, the guy you mentioned shifted his investments to other alts which was a blunder. Eth has tanked from $1500 to $170 which is roughly 9x from the peak.

Going by price history of btc, he has invested his life savings when btc price was around $5000 - $8500. Btc priced has never topped up higher than $8000 excluding the last 2 days of November. This clearly states that he is an idiot who is not even able to withstand for a year to retake his investments. If he had holded around a year he could have taken out all his investment without any losses. Let's assume this guy has invested when btc was $6000 if he had sold them this year when Btc was trading at $8000, he would have been in a profit of $40000.

Inexperienced newbie investors feel like they have lost the btc run and invest in a shitcoin assuming that they may rise like btc and they would become a millionaire easily within days/months. There was a similar situation in 2013 when btc rose from $150 to $1000 and then came back to $500. People who bought btc during 2013 peak would have got 6x if they are holding them till now. This is not a get rich quick ponzi scheme which might make you a millionaire the next month.

I'm totally indiferrent about those so called "investors".Every individual takes full responsibility about where he invests his own hard-earned money.If you bet all your savings on "one horse" and you lose,only your wife can gudge you.
I can't say that I hate gamblers.Life is about taking risks at the right moment.Gambling is taking enourmous risk when you can't control the situation.

That's another perspective to consider, we're quick to pass judgements forgetting we're not all intellectually equal. Some of us are simply more vulnerable, or just less capable of making cold, calculated decisions. But it's easier to believe in fairy-tale that all people are born equal and have the same abilities.


Yup, if he was up from $120k to $500k he could at least cash out his initial investment + lil bit extra (say $150k) just for a mental comfort, to know that whatever happens - he's still in green. Instead falling price prompted him to make panic moves and dig himself even deeper.

I'm a bit on two sides.

One side says it's your own fault and there are consequences attached to everything you do, especially if you invest in utter shitcoins.

The other side does feel sorry for people, especially with how most of them just try to improve their financial position in life.

People should never forget that there is only one single coin with fundamental value, and that's Bitcoin. As long as you money sits in Bitcoin, you'll eventually see your paper losses turn into paper profits. It only requires patience, and it's surely difficult for people to have patience during a longer term bear market, especially if they have invested money that's not meant for investment purposes, but you don't lose as long as you aren't selling.

Stop investing in shitcoins and stick to the Gold standard called Bitcoin. Stop supporting fraud and schemes.

Everybody has an option to choose and the big factor there is he owns the money he decides for it,  maybe at that moment he was confused or he was a little bit excited not knowing that a for of bitcoin has less value and not fluctuating of doubled price increase,  However,  i feel sorry for him, maybe the real reason is he was hoping that all things will be possible when somebody wants to be rich in crypto but sad,  that turns the table lad.

If we are talking about the rekt investors that have a similar situation to the man in the article you linked OP, I am somehow laughing my arse off from hearing that someone brave enough risked their whole life savings, gained a hefty sum of profit from bitcoin market movements, then at the end lost it by investing onto altcoins without the knowledge on investing into it but I don't feel sympathy for them, they reap what they sow. Although if we are talking about people who got their life greatly affected by the decision made by those gamblers, I feel a little sorry for them since suffering from with investors who got rekt is not their responsibility, they are not the one who made the decision after all.

i will always feel a bit sorry for less smart people or older people that believed something there friend or children or grandchildren said and joined a shitcoin train without knowing anything but having good faith/believe in some people they know
i don't have sorry for them knowing what they where doing and getting greedy and shit or those that said BTC is to expensive and wanna get rich quick with buying shitcoins and.......

I’m indifferent. You always get those kind of guys, life is like that. Some people even took out a loan on their mortgage equity to invest in bitcoin/crypto in late 2017/early 2018. Some others bet all they have in the next fancy small cap company, or even get into debt, others bet too much in the casino because they think they have discovered a system to beat the casino...

No matter what we do, we always going to have people like that.

How do you feel about those who bet their life savings on Bitcoin/crypto. Do you have sympathy for them, or more of a despise for being essentially degenerate gamblers?

Here's some example, meet Sean Russell, cryptocurrency investor:


https://money.cnn.com/2018/09/11/investing/bitcoin-crash-victim/index.html


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