That’s just a sunken entertainment cost (cost in time spent). It’s not so much the meme content creators, but the idiots posting the memes and commenting: “diamond hands,” “hodl,” and “just put a few $1000 in and thank me later!” ad nauseum.
Those are the true morons. They post that stuff because they have nothing of substance to offer. They don’t read balance sheets, they only claim to use TA, and only had any success because they stumbled upon a tidal wave of unprecedented bullish activity.
They’re the ones “killing it with 900% gainz” yet fail to mention that was only one of 9 other complete failures and are barely breaking even overall.
They always show up toward the end of the bull run and are forced to pump their bags because greed caused them to take on way too much leverage. They’re the reason bubbles form and then burst.
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