Serious question, did anyone else fall for the whole "crypto genius" thing?

Last year I put $500 into a shitcoin because a buddy swore his cousin's group chat had inside info. It tanked in 2 weeks and I felt dumb, but then I looked at the actual trading logs and realized the "genius" was just buying at peaks. Has anyone else had a hype moment where the numbers finally made you walk away?

2 comments

2 Comments

tessa_kelly26d ago

The real trap isnt the coin itself, its that these "geniuses" make you feel like YOURE the idiot for not acting faster. Once I saw my own buy orders compared to theirs, it was plain as day they were selling into the hype while we were chasing it. Nobody talks about how the FOMO feeling is the actual product, the coin is just the delivery system.

ryang7727d ago

Wait, he was buying at PEAKS? like consistently? thats wild. My buddy's "insider" group chat was just watching some random Twitter account and calling it alpha. I put in $300 on a token called DogeRocket or something stupid, watched it hit zero in like 4 days, and then realized the guy who bragged about making bank was just dumping his bags on us. Numbers dont lie once you actually look at em, and thats when I told myself im never touching that stuff again.