this guy is probably a middle class chud who sunk all their money into a thing that everyone loudly advised him not to. Its okay to laugh at crypto bros a little bit.
Also this is a little heartbreaking. Its kind of both.
My brother, if you own even a single Bitcoin at current market rates you have more money pocketed than one American in five.
I dabbled in Crypto and got fucked. I know a few people who went big on Crypto and got fucked. At the end of the day, we've all got professional jobs with enough standing income to get by. A guy like this isn't poor. He's just bad at financial planning.
And I'm sympathetic - abstractly - to people in this situation, because it is incredibly cruel to build a big casino around the professional workforce and force everyone to gamble on retirement. But when I'm sitting at the roulette table, hoping I hit the Pass line enough times to exit the workforce in my 60s, and some yahoo is shouting "Let it Ride! Pappa Elon said bet on 2s!" for the seventh consecutive throw before crapping out, my sympathies run thin.
Just because someone is well-off doesn’t mean they’re immune to exploitation.
Sure. Even the petite bourgeois child of car dealership owners is subject to the ravages of alienation and exploitation under Capitalism. Even billionaires can be laid low by a cartel of savvier rivals. No one is truly safe.
But this is a story of pure hubris. It deserves to be mocked because it is valuable to remember that every risen billionaire leaves ten thousand of these dorks in their wake. Its a lesson in humility.
This isn't "the poor mistakenly violate their sense of moral puritanism". Its a story of a PMC stoogie who got too high on his own protestant work ethic supply. The proverbial miser who has spent his whole life building up a great lump of gold, only to find it vanished beneath his rump.
They’re dealing with the same issues as us
I'm also a business professional, so probably. But that's why I have the least amount of sympathy for him. I can see what he's giving up and why. He's sacrificing social relationships and sabotaging immediate satisfaction in pursuit of a higher score. He's not poor. He's not wanting for anything that isn't self-inflicted. He's simply up his own asshole and finally noticing the stink.
I know a guy that put like 5k on a credit card to buy some shitty kangaroo NFTs that were apparently worth 100k. He refused to sell because crypto bros convinced him it was gonna go to the moon and now they're worthless. Pretty fucking funny all things considered.
My brother got into doge right before it jumped in value. I tried so hard to convince him to cash out or at least sell enough to cover his original "investment" ($50 I think). He refused. I think it's worth around the same now but he was convinced he could become a millionaire and not just that, pay off family's student loans or buy houses for us. As far as I know he didn't buy more at least. As much as it would've been nice for him to have made a couple hundred bucks off it he at least isn't out of 10 grand.
I guess, it's no worse than a month or two of scratch offs right? I've never done it but I've never tried hard to convince my parents to stop buying scratch offs once a week either.
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this guy is probably a middle class chud who sunk all their money into a thing that everyone loudly advised him not to. Its okay to laugh at crypto bros a little bit.
Also this is a little heartbreaking. Its kind of both.
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My brother, if you own even a single Bitcoin at current market rates you have more money pocketed than one American in five.
I dabbled in Crypto and got fucked. I know a few people who went big on Crypto and got fucked. At the end of the day, we've all got professional jobs with enough standing income to get by. A guy like this isn't poor. He's just bad at financial planning.
And I'm sympathetic - abstractly - to people in this situation, because it is incredibly cruel to build a big casino around the professional workforce and force everyone to gamble on retirement. But when I'm sitting at the roulette table, hoping I hit the Pass line enough times to exit the workforce in my 60s, and some yahoo is shouting "Let it Ride! Pappa Elon said bet on 2s!" for the seventh consecutive throw before crapping out, my sympathies run thin.
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Sure. Even the petite bourgeois child of car dealership owners is subject to the ravages of alienation and exploitation under Capitalism. Even billionaires can be laid low by a cartel of savvier rivals. No one is truly safe.
But this is a story of pure hubris. It deserves to be mocked because it is valuable to remember that every risen billionaire leaves ten thousand of these dorks in their wake. Its a lesson in humility.
This isn't "the poor mistakenly violate their sense of moral puritanism". Its a story of a PMC stoogie who got too high on his own protestant work ethic supply. The proverbial miser who has spent his whole life building up a great lump of gold, only to find it vanished beneath his rump.
I'm also a business professional, so probably. But that's why I have the least amount of sympathy for him. I can see what he's giving up and why. He's sacrificing social relationships and sabotaging immediate satisfaction in pursuit of a higher score. He's not poor. He's not wanting for anything that isn't self-inflicted. He's simply up his own asshole and finally noticing the stink.
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This isn't about being a CryptoBro. Its about being miserly.
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I know a guy that put like 5k on a credit card to buy some shitty kangaroo NFTs that were apparently worth 100k. He refused to sell because crypto bros convinced him it was gonna go to the moon and now they're worthless. Pretty fucking funny all things considered.
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My brother got into doge right before it jumped in value. I tried so hard to convince him to cash out or at least sell enough to cover his original "investment" ($50 I think). He refused. I think it's worth around the same now but he was convinced he could become a millionaire and not just that, pay off family's student loans or buy houses for us. As far as I know he didn't buy more at least. As much as it would've been nice for him to have made a couple hundred bucks off it he at least isn't out of 10 grand.
I guess, it's no worse than a month or two of scratch offs right? I've never done it but I've never tried hard to convince my parents to stop buying scratch offs once a week either.