How yall have this much fucking money?

I'm honestly mind boggled reading some comments claiming they lost between 100k to literally millions over night?

HOW? I'm not asking how you accumulated that money to begin with but literally how can some throw all of their savings into 1 altcoin?

There's a comment I've seen of a guy who sold his house and car and is now 99% down??? Someone losing 30 years of his life savings? College Students who are in debt and are down even more now? Seriously guys?

Never put more than 50% of your capital into one investment expecting it to give you huge gains in few months.

And if then at least go for some stable investment like gold or silver. Where you know you will at least have some physical value.

The drop and death of some altcoins was always to be expected, because the reason Bitcoin and Crypto were made in the first place was to replace USD as a stable exchange that can't be controlled by the banks and has a limited amount, much like gold, not as a gambling game. But because of the Bitcoin creep 2 years ago, tons of people started investment without seeing the true reason of these coins.

All these shitcoins doge, shib etc. are a one time thing, they peaked once and then die. Sure you can hold onto them, but with coins like these? You can do it for decades. And the chance is greater for the market to regulate itself and erase these huge number on crypto before you can cash out.