This is the ultimate, fundamental problem with the cryptocurrency market. People parrot "only invest what you can afford to lose" and end their moon-promises with "...not financial advice" as if their moon-promises would be worth typing if they sincerely believed that their audience will only invest what they can afford to lose.
Yes, the person who lost their money made a terrible, stupid mistake... but if you spend more than a moment in/around cryptocurrency projects, you will be sucked in to believing that _the old-world financial system is crumbling, the only way to secure your future is by investing everything into cryptocurrency_ and so "only invest what you can afford to lose" has an implied wink, "I'm only saying this because the old-world system will come for me if I don't!"
I feel bad for the wife and kid, but I don't have any sympathy for the person.
"I am always recommending people using burner but I was nervous and fomo the "Monkey Kingdom Mint. Never thought it was not a legit mint link in official discord."
Some people can't learn by theory. They have to learn by practice. FOMO isn't a mistake. That's just greed calling the shots.
The best way to learn how to control FOMO is to experience its consequences. The only question is how much tuition are you willing to pay. He paid a lot.
As the saying goes: Bulls make money. Bears make money. Pigs get slaughtered.
Yes, the person who lost their money made a terrible, stupid mistake... but if you spend more than a moment in/around cryptocurrency projects, you will be sucked in to believing that _the old-world financial system is crumbling, the only way to secure your future is by investing everything into cryptocurrency_ and so "only invest what you can afford to lose" has an implied wink, "I'm only saying this because the old-world system will come for me if I don't!"
I have sympathy for the fool.