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All moments › He Figured Out What 99% of Traders Never Do | Ft. Loma

Traders build identity around coins like XRP, reluctant to sell despite previous profits.

From He Figured Out What 99% of Traders Never Do | Ft. Loma · jumps to 54:32 · speech

▶ Open at 54:32 on YouTube
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Right. This bag. You become the bag holder because it's like, well, I made a bunch of money on XRP. So I'm, and that's something that new people, especially, you know, have a hard time wrangling with is this idea. It's like, yes, you made money on this coin, but does not mean you ever have to make money on it again. It might never go up again. Yes. You almost build an identity around this coin, right? Like I totally off ripple. And so I will continue to make money off ripple. Like why change something that is in broken. Right. So I totally get it. And back then, I think the cults were even crazier than they are now because back then, you know, I have so many assets to be loyal to, right, to build an identity to almost like every week now, there's a new trend, there's a new meta.
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