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my korean brother in christ went livestream 10 hours ago when he put his entire life roll of $450,000 USD on BTC at 10x margin.
then he fell asleep.
and woke up after the dip.
https://www.youtube.com/watch?v=rqci6kemU_U
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legit interesting thread about how sketchy the locap / shill ecosystem is.
basically some shitcoin reached out to a cute influencer type noob to shill their complete joke of a locap coin, and entered into a completely batshit -EV contract with her where they gave her 1% of the coin inventory but ShE ProMiSeD noT To DuMP, because someone dumping 1% of a shitcoin is going to crush it. suddenly they start getting real nervous and sweat her to cash out her holdings to them for like a fucking fraction of what they were worth, so she panics and dump and rugs the whole project.
honestly its an interesting situation because no ones really exclusively at blame. yeah she rugged it for house money but if she didnt, the devs clearly would have eventually.
kinda feels like the only people really guilty of anything are the morons who provided retail liquidity to a shitcoin because of an influencer.
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