- New Highest of Stakes documentary tells a story of a bad crypto investment.
- In this incident, a man staked his house for HEX at the peak of the 2021 bullrun
- Crypto investors on Reddit advise new investors to be responsibly greedy.
The new Highest of Stakes documentary goes into the story of a bad crypto investment decision. While the details of the story are unclear, one Redditor brings light to the story from whatever little is available in the documentary’s trailer.
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On the CryptoCurrency Reddit thread, Redditors lament over the fact that crypto gets a bad name due to uninformed investors. As we go into this discussion on Reddit, you will see how much crypto investors and traders stress on the importance of being responsibly greedy.
As we can see from the HEX documentary trailer above, the story revolves around a man who staked high on the cryptocurrency HEX. It seems this man sold his house at the peak of the 2021 bull run.
According to the trailer, the homeowner staked their house worth $113,740 for 242,646 HEX. This 242,646 HEX is only worth $2,086 currently. It is clear that the greed and the hype of the 2021 crypto bullrun swept this man away.
Clearly, based on the comments in the thread and the continuous call to do your own research in the crypto community, this move is an awful investment strategy. In particular, many responses to this post say it is reckless for a family man to make this type of decision.
The same response says those with nothing to lose can take huge gambles like this. In addition, the response says one must always make investments with assets they are willing to lose. So, a house that provides for a family is never a safe gamble.
Others in the comments say the house would have been the safer bet for the investment. Real estate has always been a great investment although it is a hard arena to enter, and may be slow with its profits, it is a less volatile market.
Once this documentary comes out, it will likely be a lesson to newbie and less knowledgeable crypto traders. Always research an asset before investing. While it is encouraging to be greedy in a green or red market, it is important to also remember to be responsibly greedy.
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