I see where he’s coming from because I thought similarly. It’s a misunderstanding of market caps. When I look at the price of something at $20, it takes less to move the price up than something at $200k. That’s why I bought a lot of solana and Luna initially. Shitcoiners described bitcoin like a blue chip stock. So it’s the difference between buying apple which has already made most of its gains and buying Amazon in the early days before it made you filthy rich. That’s why shitcoins are so malicious. Doge was so “cheap” that it seemed like it wouldn’t take much buying power to push it up. But for doge to reach $100, the market cap would be so astronomically high that it would need to suck up all the money in the world. Never going to happen lol
Discussion
I understand the mindset. What I meant is I don’t feel sorry for him/I don’t empathize with his situation.
Oh gotcha. Yeah that’s the weird thing about some people. They got into this thing, made some money, and never bothered to learn about it a deeper level. When I was shitcoining, I was nonstop consuming videos and articles trying to understand it better. This was the future. It’s defi! But I don’t understand it enough and am investing money into it. I need to learn more. And that’s what led me to bitcoin only. I can never understand how people half ass their life and just trust others are smarter than them.
Trust don’t verify is crazy. Especially when it comes to money 🙄
