Could you live without cryptocurrency in your life? For its proponents, bitcoin is a drug that’s had them hooked since the day they discovered it. Not all holders feel the same way though. Stung by massive losses and the realisation that cryptocurrency is taking over their life, some traders forced themselves to walk away for good.
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Moving On When the Music Stops
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Living With Life After Crypto“After spending 5 years in crypto I am out,” began the message board confession. “Yesterday’s crash was brutal, and something I can’t wrap my mind around changed when I woke up this morning. I don’t want to wage-cuck but I will. And instead of spending my entire days behind a screen in a room I am gonna get a job, hang out with the friends that I have been neglecting and just be a cucked member of society.”
The prospect of quitting crypto altogether – everything it stands for and the culture that comes with it – is anathema to most. Being in crypto is like supporting your football team; it’s less something you choose, and more something that’s thrust upon you. Buying bitcoin is akin to being inducted into the Mafia: once you’re in, you’re in for life. But life isn’t always understanding, and for some, cursed by their own greed or poor decision-making, cryptocurrency can become a millstone around their neck, a dead weight more burdensome than the heaviest of altbags.
Few tears will be shed over those who came for the profits, got burnt, and then scampered back whence they came. The remainder who are, all memes aside, in it for the tech, and for the financial freedom cryptocurrency can provide, won’t be going anywhere. Not all of those planning to abandon the good ship crypto are doing so because they got rekt, it should be noted. Some have simply become too immersed.
“I’m starting to consider what to do in a few months time,” conceded one freelancer, pondering an exit strategy. Having been working full-time in crypto for six months, while racking up long hours, he’s starting to feel the strain. Despite having been enthralled with bitcoin since 2013, being forced to eat, sleep, and talk crypto 24/7 is taking its toll. He continued:
Living With Life After Crypto
The Men Who Sacrificed Everything
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New research has sought to dispel the notion that women are more risk averse than men. That may be the case, but anecdotally at least, crypto’s quitters are overwhelmingly male. While the rage-quitting stories of anonymous message board posters and pseudonymous Telegram users are hard to verify, collectively, the narrative is clear: due to financial or mental health reasons, a growing number of guys are seeking a clean break.
“Just calculated my losses, 76% loss in 2 months, feeling like quitting crypto,” reads one message on the notorious Rekt Plebs Telegram. “I’m literally done with crypto,” mopes another. It is no coincidence that many of the same people who lost years of their lives to World of Warcraft have succumbed to a similar fate with crypto. The dopamine rush that fuels the rewards mechanism in each of these pursuits is identical.
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