There are three kinds of stories that I read in those examples;
- people who lost small amounts (half a bitcoin or whatever) for whom it is significant because they bought recently at a high price
- people who lost a lot of bitcoin, but who probably had a lot because they bought it cheap so their “real losses” are pretty small
- people who lost a lot of bitcoin and bought at a high price, but who can probably afford the losses
In all of those cases, I’d say that they were gambling and if they were doing it with more than they could afford, they were being pretty stupid.
