Part 4/8:
The Dark Side of Greed
Despite his remarkable early wins, Glabber faced harsh realities as the crypto market took a downturn. After reaching a high of 58 cents, Dogecoin's value plummeted back down to single digits, erasing much of Glabber's profits. As he remained staunchly committed to his holdings, criticism rained down on him from former followers who had lost money trying to emulate his success.
This condition highlights the psychological struggle many investors face in volatile markets: when to cash out? While rational investors devise exit strategies, in the world of meme coins, such foresight might be an impediment to achieving “meme coin millionaire” status.