My buddy lost a shit ton of $$ with stupid jpegs. He still won’t listen. I stacked BTC while he played with monkey jpegs and I’m still the idiot bitcoin maxi. He’s still trying to shill me how eth and sol are going to the moon.

He bought a well curated narrative and got finessed hard.

Rough, sounds like this guy learned the lesson though. Hope he drops that 37k on some BTC

No joke I know a guy that dived head first into nfts and "ethereum killers" in 2020 and had a fucking psychotic break in 2021 when his dreams of riches were thoroughly crushed.

I can’t believe someone paid $37k for one

It's sad, but what's surprising is that after all that time someone else bought the JPEG for $37k.

Some lessons are expensive

He may have actually bought/sold at a loss as performance art, pretty sure he’s trolling the bayc culture here— this is the artist that copy pasted bayc and pointed out their racist imagery and has been sued by them

This tweet must be older, right?

Looks like it sold for 100 bucks last 😂

Poor soul

Big yikes

I invested 4500$ cash I’d managed to save, into a World of Women nft. and got crazy into the whole scene in 2020. I was earning more from trading than from my business so went into it full time.

Managed to earn 100$k within months, then lost it all. That was more money than I’d ever seen or thought possible.

I also got rugged pulled by a team I started running a community for and they tried to pass me off as the founder. It was so awful, and terrifying. I was way over my head, the writing was on the wall, and I felt defeated by it all.

Then a friend sat me down over coffee and told me about Bitcoin.

Years later, my entire life has changed.

Homeschooling, slow travelling, investing in open source and trying to put my time and money into what I believe in.

I learned so much through the entire experience and I include it as the start of my journey into the Global Free Market.

I pray that ppl like this guy find a way to recover their losses, and their faith in something better.

Amazes me that someone that foolish can amass that much money in the first place…

And at that exact moment the price started ripping again

Same poor souls are the current "smart" investers putting all and everything into NVDA

Then again, he does say "it feels deserved", so he's clearly assuming personal responsibility for this poor financial decision. People just have to learn the hard way, and he's doing it, so I don't see this as sad.

The only sad thing would be that still people pay for this but apparently he's just doing some "performance art" here, which on its own is sad, too.

I also learn that the hard way back then I bought NFT under $300 in 3mons went almost $2k & think of myself as genius but later got scam in a post where when u send some eth it will doubled back haha dumbass me and got the half of it sent.😂

Before opening the screenshot, I saw just a part of it. And I thought that it was Raoul Pal self-reflecting.

If he spent $425k on a jpeg, he most likely got filthy rich in the shitcoin casino. So in the end, it’s money he never really had.