It's not that many of us long-time crypto users want people to suffer, it's the jaded "I told you so" moment.
Many of us have seen many "too big to fail" exchanges fall, have seen 2+ other "crypto bubbles" drop the price by 80%+.
When we told everyone "don't keep your money on an exchange" and "we've seen seen these 'too the moon' skyrocketing prices before - be prepared for the eventual crash" - they laughed and confidently said it was different this time, that we were just jealous, didn't understand defi/web3 etc.
I seriously do not enjoy seeing people suffer, I tried to warn people to prevent them from losing huge amounts of money. But when your warnings were laughed off - it's hard and there's some mixed emotions, and many of us are a bit jaded.
I do think crypto has a legitimate use, but this "buy crypto because you'll get rich" mentality just creates these detrimental hype cycles.
Many of us have seen many "too big to fail" exchanges fall, have seen 2+ other "crypto bubbles" drop the price by 80%+.
When we told everyone "don't keep your money on an exchange" and "we've seen seen these 'too the moon' skyrocketing prices before - be prepared for the eventual crash" - they laughed and confidently said it was different this time, that we were just jealous, didn't understand defi/web3 etc.
I seriously do not enjoy seeing people suffer, I tried to warn people to prevent them from losing huge amounts of money. But when your warnings were laughed off - it's hard and there's some mixed emotions, and many of us are a bit jaded.
I do think crypto has a legitimate use, but this "buy crypto because you'll get rich" mentality just creates these detrimental hype cycles.