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> Hashim Yasir, 19, is an NFT project founder and crypto trader who lost “a good amount of money” in the recent crash. He tells VICE that it affected his mental
by fivea 5y ago
> Hashim Yasir, 19, is an NFT project founder and crypto trader who lost “a good amount of money” in the recent crash. He tells VICE that it affected his mental health for some time: “[Up until then] I felt like I was finally getting pretty confident with this new skill, but it really felt like the market was officially going to drop to zero.”
I'm curious what he, and others like him, perceive this "new skill" to be, and exactly what led him to believe he had any degree of control over the outcome.
- tluyben2 5y agoI have multiple crypto trader acquaintances who send me pictures of complex dashboards showing the ‘moon’ predictions for FLURPCOIN2 and going ‘all in’. When the market slips down, they pop over a meme with something something HODLING diamond hands. This is the skill; mindless optimism against all odds. It works for them as they got in early in 2016 (some even earlier) and from then to now, they all made a killing. For some of them it would literally have to drop to 0 for them to make losses. But I can see that it would be a drama for the ones who got in last year and went in with the same optimism.
- rosndo 5y ago> perceive this "new skill" to be Usually it’s technical analysis they “learn” from bullshit youtube videos.
- Nextgrid 5y agoOr producing said bullshit YouTube videos to encourage others to "invest".