The financial market is like a large squid game, with no difference between retail investors in the cryptocurrency space and big investment banks on Wall Street.
Today, I watched the last 72 hours of Bill Huang's collapse, and how Goldman Sachs and Credit Suisse dealt with this mass exodus; it’s all the same.
In recent weeks, due to the drop in ACT, a bunch of foolish big babies have been cursing non-stop. I should have the largest drawdown among all retail investors, being manipulated by the institutions and feeling frustrated, yet I still have to endure these comments, which is inevitably infuriating.
I started promoting ACT at a market cap of $5 million, and it rose to $1 billion. If I misjudged any segment in between, I would be constantly cursed.
Seeing these comments, I’m not surprised. Since I was a teenager, after reading Napoleon's biography, I developed a deep understanding of the mob mentality:
When Napoleon returned triumphantly to Paris, his aide said, "General, look how loved you are by the people." Napoleon coldly replied, "If I were to end up on the gallows, these people would still come to watch in high spirits."
So, all of this is not surprising at all, just a bit infuriating. Almost every asset I mentioned has seen a significant rise.
As long as it drops, there will always be a group of little black bastards reveling in misfortune and cursing.
After watching Squid Game, I’ve also become indifferent. These people are the ones who won't survive the first round. Let them curse; even if they are gone, shouldn't we let them enjoy their words?