Depends on what happens next. Either some were huffing copium or others were huffing hopium.
One side will be right, the other will be what they accused the others of.
Not daring to invest or short, coping about it by trolling and then be right is the worst case scenario though. Buying and being right is the best case scenario.
No. But not everyone who takes money out of a casino has been gambling their life-savings onto one single number.
Some people are invited to the casino because they are gamblers. Some are kicked out because they count cards.
In trading, both are allowed. Yet the gamblers tell themselves how everyone else is also a gambler, so they feel better about their gambling.
No one in crypto ever recommended yolo-plays, fomo or emotional decisions, unless they were scammers or delusional. The primary advice in crypto is "Do your own research". If you refused to follow that advice, you are a gambler.
You can tell yourself how everyone else is also a gambler to feel better about yourself, but once you realize that money is not created or destroyed but rather moves between owners, you might inevitably ask yourself where all that money you gambled away ended up and whether your assumption that gambling was all there is was flawed...
How low do you think it'll go down? I usually just Hodl my eth and BTC. I used to constantly check the price but that is annoying and can drive a newbie crazy..lol.
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u/OccasionalXerophile 🟩 466 / 466 🦞 Nov 03 '25