It was yesterday on X i knew that people truly have plenty of money to waste on this space, imagine losing $100 Million on $BTC future just in a week, the more he tried to back his trade by longing it on cross the more it went down. He lost everything and started telling people to donate to him in order to fight the market back.
In all of these i learn not to fight market back no matter what!
Money waste is an irony, the truth is people don't have money to waste, they are just poor at planning. They don't know how to position their self with the market and that's why they continue to lose money to the market. Fact check me, why would any sensible person open position on a market that falsely broke all time high yet there wasn't volume, there wasn't MACD cross over, everything was done to push people to fomo but I guess people were not ready.
It's either the person is inexperience in trading or don't know manipulation that is going on in the market. You can see that Bitcoin is doing all of that but it's just there like it's something we have cross before. The previous all time high break comes with some kind of celebration and the market is well respected but this one looks weird. All the same, he has learn his lesson, I hope he learn to understand the market proper next time, not all market you have to trade.