🐸 #21: He Lost $55K on $BYND...Now He’s Trying to Meme His Way Back to Break-Even

Sup fellow degens, 

There is a phrase:

“Desperate times call for desperate measures.”

But I would like to rephrase it into something more fitting the time we live in:

“Degenerate times call for degenerate measures.”

This is especially true for all crypto traders, finance bros, and investors, no matter their funds, inside info, luck, or portfolios.

And there is one thing that just never fits into this equation and that thing is "giving up”. Because only when you give up, you lose.

Why am I yapping about this all of a sudden?

I saw this post and it left me proud that degeneracy exists on all continents and countries.

A guy from South Korea used his entire life savings ($55,000) to buy $BYND ( ▼ 3.24% ) shares at $7 and now they are trading at $2. Ouch.

Reading comments under his post, I can safely say that people labeled him a great degenerate of our time and beg him to quit now to save at least some of his money.

But he didn’t listen and instead, he decided to step on a path of degenerate measures if he wants to get out of this.

And that he did: he decided “Going viral is the only way left”, and promised great things to happen at each milestone of stock going up.

Read it to get the context:

And it’s happening, his post is going viral on X and other social medias (heck, even I’m writing about this now).

The owner of $BYND ( ▼ 3.24% ) is ecstatic and urges people to help this guy and take the stock to the moon as soon as possible (ofc, because he wants to help the guy and has no other interest). Other creators and investors are also chipping in.

However, there are some who oppose the idea…

One part of me says:

It does seem like there is little hope for this guy to get his money back. Markets don’t care about virality, and hype rarely translates into sustainable real value.

It does happen, don’t get me wrong, but this? Nahhhh.

A few people here and there will sympathise and support his idea as a joke, but it will die down very quickly.

Because when people start buying because of social momentum rather than fundamentals, it stops being investing and turns into collective gambling and someone always ends up holding the bag (and I’m calling it, it won’t be this guy).

Degenerate times might call for degenerate measures, but without discipline, research, and risk management, those measures can easily become self-destructive. and this fella doesn’t need more destruction in his life.

The other part of me says:

DOUBLE DOWN. THE MARKET IS ABOUT TO CHANGE. $BYND IS GOING TO THE MOON. BELIEVE IT OR NEVER TOUCH STOCKS AGAIN.

Tweet about it everywhere, go to every content creator there is and sell your story like there is no tomorrow. You will be a millionaire.

Does that guy have some guts on him to actually pull all of this off?

I will keep a close eye on this story, and we will find out.

TL;DR: A South Korean trader went full degen and threw his entire $55K life savings into $BYND at $7. Now it’s at $2. Instead of giving up, he’s doubling down by turning his loss into a viral crusade to send the stock to the moon. Some call it madness, others call it market faith. Either way, it’s proof that in degenerate times, quitting is the only losing trade.

Stay degen,

Dima