it was only a Ponzi bubble. That is all. A fucking Ponzi bubble. I knew that but I was convinced about those guys saying it was not a Ponzi and I could still buy.
You call it a Ponzi (a form of illegal scam) to make yourself feel better about what was merely a bad investment on your part.
I'm sorry you got burnt but you need to take responsibility for your own actions!
I suspect you mean to say that this person overbalanced his investment portfolio into a long position rather than divesting. Long positions in Bitcoin are unlikely to get burnt.