@molly0xfff
So the criminals, money launderers, and scammers will go out of business? How terrible...
(OK, I do understand many regular people have invested in crypto, and they will lose out too. That's not great, but for the rest.. )

@molly0xfff Turns out that while sometimes Number Goes Up... sometimes Number Goes Down too. Hopefully the damage will be relatively confined though given how opaque (or at least obscured) a lot of crypto is it's hard to say for sure.

@molly0xfff it gets even more fun - there are companies like yieldmax, who run an ETF like MSTY, which more or less directly tracks MSTR. the purpose of MSTY is to print dividends every month, but its been tanking, and moved to printing divs once a week. and its aging like the cryptkeeper. its chart is a red ski slope right now

@molly0xfff The best way to learn about these was IMO to play Railroad Tycoon 2. The first part of the game is to build a railroad - the second is to invest in your competitors and to take them over. To do the latter it was very tempting to maximally use your leverage to buy as much of their stock as you could, re-maximizing when you got the chance.

That did mean that if they ever dropped slightly, you'd be getting a margin call from the bank, which resulted in forced selloffs. Which themselves cause the stock to drop a bit, making you further behind and getting another margin call .. until you have nothing left except for a debt.

I hope these companies are smarter with investing in real life than I was as a 16-year old gamer in a low-stakes game.

@molly0xfff

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