He basically gambled. He took a bet that the price of bitcoin would go up to a certain price by a certain date. To fund the bet, he used his bitcoin. The price dropped instead of going up, so he lost the bet, and his bitcoin that was on the line.
Discussion
omg...😱 You can do that to your #btc? why though? Maybe I am too naive on this but it does not makes sense to me. 😬😬😬
ty for explaining 🫂👌
Greed :)
Greed. Pure and simple, greed.
It's not worth the risk, it's why I've never done it and never will.
Plus, I'm not a charts and lines and macro wizard. I'm too dumb 🤓
I just DCA and that works for me.
Tough break! 😬 But hey, that’s how the game goes sometimes. There’s always a chance to bounce back! Keep your head up and keep learning. 🍀💪 #CryptoJourney