[rvz]

I mean, it's not really a surprise [0] when you have lots of people expecting BTC to 100K by 2021 and then buying BTC at $69K and holding it all the way down. Then they end up thinking that DOGE will be over $1 by the end of August 2021 and betting $10K with random people that it will happen. Well [1].

It's no wonder they are all in the red.

[0] https://news.ycombinator.com/item?id=27206314

[1] https://news.ycombinator.com/item?id=27046019

[chrononaut]

> I'd actually be willing to bet 10k USD with you that by end of August Doge will still be over $1.00.

You should've taken that bet! ;)

(Looks like it was somewhere between $0.58 and $0.68 at the time of that comment, and $0.29 at the time of the conclusion of the hypothetical bet)

[echelon]

Maybe this will be the last hurrah as the retail investors have been bitten and will sour on future prospects?

Once everyone that would buy into crypto does at least once, then loses their shirt, there won't be anyone new to sucker back in anymore.

Maybe we're at that point now?

[arcticbull]

> Maybe this will be the last hurrah as the retail investors have been bitten and will sour on future prospects?

I wish, but I suspect the end is not yet upon us. It's become a religion.

Remember, Herbalife has similar economics, and that did not go well for Ackman.