Elon dipping the market was a good reminder that the average retail investor is riding the crypto train, not driving it.

One of the first things you read in this sub after 40 fuck DOGE/Elon post is “don’t invest more than you can afford to lose.” It’s good advice because of how little any one of us can do to actually influence crypto markets.

Regardless of a coin’s governance it can still fall victim to trends of the larger market that seems to be full of impatient paper hander looking to turn a quick buck.

This is a best case scenario, worst case the coin is governed by crypto-plutocrats (GRT), scammers (basically every shitcoin), or whales who have defacto control of the market through the ability to rugpull.

I am not shitting on crypto, it’s still better than most retail investment opportunities, just trying to remind folks there are unknown unknowns that have the potential to fuck you.

Basically don’t invest what you can’t lose: yet again.