At the peak of the 2021 bull market, my dad called me, "Son, what's this Bitcoin? Everyone's buying it."
"Dad, of course, buy it! Just buy $100," I said. My dad went to the grocery store and bought $10,000 worth of BTC at $68,000... right at the top! A week later, the price had fallen to $61,000. My dad was frantic: "Son, my money's gone, what are we going to do?" I offered the classic sonly consolation: "Dad, it's long term. Hold on. It'll be $100,000 in a year or two, don't worry." 2022 arrived, and Bitcoin had fallen to $16,000. My dad was texting me every day, asking, "Should I sell it?" Finally, I couldn't resist, so I said, "Okay, Dad, sell it, let's get out of here." The moment he clicked the sell button... he accidentally doubled the amount, selling not only all of his BTC but also all of his coins on the exchange with a market order! He practically dumped them 😂 Then he got mad for an hour, and I laughed for 3. He's still trying to get those coins back, emailing the exchange saying, "I accidentally sold them." My dad literally became the single-handed flash crash of the 2022 bear market. Now, every time it rises, he says, "Son, should I buy it again?" And I say, "No, Dad, don't touch it! The market crashes when you touch it!" 😂🤦♂️ #MyCryptoFunnyMoment ✨This story is inspired by true events; the names and numbers are slightly exaggerated so my dad doesn't disown me 😭
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At the peak of the 2021 bull market, my dad called me, "Son, what's this Bitcoin? Everyone's buying it."
"Dad, of course, buy it! Just buy $100," I said.
My dad went to the grocery store and bought $10,000 worth of BTC at $68,000... right at the top!
A week later, the price had fallen to $61,000.
My dad was frantic: "Son, my money's gone, what are we going to do?"
I offered the classic sonly consolation: "Dad, it's long term. Hold on. It'll be $100,000 in a year or two, don't worry."
2022 arrived, and Bitcoin had fallen to $16,000. My dad was texting me every day, asking, "Should I sell it?"
Finally, I couldn't resist, so I said, "Okay, Dad, sell it, let's get out of here." The moment he clicked the sell button... he accidentally doubled the amount, selling not only all of his BTC but also all of his coins on the exchange with a market order! He practically dumped them 😂
Then he got mad for an hour, and I laughed for 3.
He's still trying to get those coins back, emailing the exchange saying, "I accidentally sold them."
My dad literally became the single-handed flash crash of the 2022 bear market.
Now, every time it rises, he says, "Son, should I buy it again?"
And I say, "No, Dad, don't touch it! The market crashes when you touch it!" 😂🤦♂️
#MyCryptoFunnyMoment
✨This story is inspired by true events; the names and numbers are slightly exaggerated so my dad doesn't disown me 😭