The Tragic Downfall Of The Dogecoin Millionaire

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[guypursin]

He didn’t even need to sell everything. Just half. If he just did that, he would’ve been way better off than he is now.

[firechase]

He’s a nice guy, but everyone was telling him to sell and he refused unfortunately it’s a sad lesson.

[joesmith]

well this video didn't age will that guy is a millionaire again and he is close to being a 2 millionaire now.

[josephjohnchombo]

*"No amount of evidence will ever persuade an idiot." - Mark Twain.*

[Distinctions]

Here’s the most important lesson: ALWAYS TAKE PROFITS

[RobertoBlake]

Cash over Clout every single time.

He should have sold and been a millionaire, but the temptation and fame made him ignore perfectly good advice.

People get opportunities, more than we are led to believe, but when you dig, you find out that they let ego get in the way.

[Phedre]

I'm having a hard time feeling sorry for him. Dogecoin was obviously inherently worthless and therefore a speculative play. Which means you sell when it's life saving money.

[legrindem-her]

Everyone can call him a fool now because he disclosed so much information. He is not the only one. Greed is very common with investing especially with speculative investing. Anyway, he has to live with his choices and i think it's hard enough.

[Mike-qohg]

I think the single biggest reason he didn't sell is the fear that Doge would moon to levels never seen before, after he - the Dogecoin millionaire - had sold. That tied with immense greed.

[Pierredirects]

I appreciate learning a lesson from the ex-Dogecoin Millionaire's mistakes at little to no cost to me.

[tjsokkerplayer]

This is why it is dangerous to get taken away by "diamond hand" investors who boast about being up on their position. Most times, they are inexperienced in investing and don't understand the psychological elements of staying in a trade. It is difficult to sell and exit. If you don't have a plan going into the investment, you leave yourself vulnerable to the market swings and the toll it takes on you. You are never going to time the market at the all time high and its hard to sell after you "could have made more."

[Kevin-skjs]

He was more concerned about his “internet image” instead of his pockets. You live and learn

[BrandonWilliamyt]

Graham you did this to when this video hits 100k likes you're putting $10k into Starbucks

[blinkybill]

This reminds me of the best financial advice I ever got.


An old man once told me

You gota know when to holdem
Know when to foldem
Know when to walk away
And know when to run

[jvaldez]

Well, he can write a book about it, make a tour and talk about it and eventually he could become a millionaire again. Good luck to him wish him well.

[WinstonBoogie]

I like how Graham brings him back to earth about his Tesla. When you make so much money you should reinvest it into other assets. Tesla is a luxury car. They haven't been able to reduce the price for the everyday man. He should go for a five year old Honda or Toyota.

[MaximeKG]

I never understood what this dude was doing, even at the time. He's like the worst example of an investor letting his feelings take over and going down with them.

[teddymonadnock]

This guy just got lucky. You can tell by his investment advice that he’s just chasing trends.

[danyo]

He prioritized the "fame" — simple as that.

[FRIGHTNIGHTHORRORenglish]

This video will not age well. The joke is on you all.