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kaia (kaia@brotka.st)'s status on Sunday, 11-Aug-2024 19:18:28 JST kaia the thing about /r/wallstreetbets folks who show their $1.6m gains by gambling is that they cannot stop. they won so much money that they could check out, but they don't. they'll gamble on until their next post to /r/wallstreetbets is a "I lost it all" -
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aZa (aza1905@mastodon.social)'s status on Sunday, 11-Aug-2024 19:23:11 JST aZa @kaia i would take $1.2m out and play with the rest.
Either i win more, ore i lose the $0.4m. Doesnt really matter in those ranges.
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kaia (kaia@brotka.st)'s status on Sunday, 11-Aug-2024 19:24:19 JST kaia @aZa1905 same. but it's difficult psychologically. one gets that sweet adrenaline from winning, until one doesn't :sadcat: -
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ロミンちゃん (romin@shitposter.world)'s status on Sunday, 11-Aug-2024 19:24:25 JST ロミンちゃん @kaia you sound jelly kaia likes this. -
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kaia (kaia@brotka.st)'s status on Sunday, 11-Aug-2024 19:24:43 JST kaia @romin no, I could easily lose money as well! maybe not 1.6m though -
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iceloops (iceloops@shitposter.world)'s status on Sunday, 11-Aug-2024 19:27:17 JST iceloops @kaia if I beat the game I would cash it out kaia likes this. -
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ロミンちゃん (romin@shitposter.world)'s status on Sunday, 11-Aug-2024 19:31:26 JST ロミンちゃん @kaia you'd be surprised kaia likes this. -
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(NekoSock) Miya Ironami (iro_miya@mk.absturztau.be)'s status on Sunday, 11-Aug-2024 19:37:43 JST (NekoSock) Miya Ironami @kaia@brotka.st and even posts losing it all get engagement, so it might encourage them to keep going. Wall street bet rewards people for gambling, no matter whether they win or lose big.
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kaia (kaia@brotka.st)'s status on Sunday, 11-Aug-2024 19:38:31 JST kaia @iro_miya yeah, but the loss porn is very attractive to other people equally gambling and losing, just not sums so large. they can go "yeah, I lost, but not so much as this poor sod!" -
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bartholin (bartholin@fops.cloud)'s status on Sunday, 11-Aug-2024 19:41:06 JST bartholin @kaia sigma rule #350: gamble all you money snacks likes this. -
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~BitBun~ :bunRetro: (bitbun@raru.re)'s status on Sunday, 11-Aug-2024 23:54:22 JST ~BitBun~ :bunRetro: @kaia If they set aside 1M, that's 1M that's not generating money in whatever they think the next sure bet is.
I'm not justifying it - what they're doing is financially destructive and I'm more of a long-term investments person, but I kinda get why it seems obvious to cash out and yet they don't.
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