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Many people are making tons of money in crypto but even more are losing out. But people only post online when they are winning. It's the same as Instagram - eve
by robjan 5y ago
Many people are making tons of money in crypto but even more are losing out. But people only post online when they are winning. It's the same as Instagram - everyone seems to have incredibly interesting lives but really most of us work 9-5 and spend most of our free time watching Netflix or performing mundane tasks. Social media focuses and amplifies the good parts of other people's lives.
- rawtxapp 5y agoThere's a whole "loss prn" subset on wsb and some crypto subreddits where people proudly show their losses, the bigger the better. And lots of suicidal kind of messages when the whole market crashes. So I'd say losses are as vocal as wins depending on which forums you go to.
- robjan 5y agoLoss porn gets boring after a while and it's more of a subculture than mainstream. It's more interesting to report on a janitor who became a billionaire trading Dogecoin on their daily commute than reporting on the same person blowing their meagre salary buying derivatives, which they didn't understand, on a sketchy exchange.