Despite having money in the crypto market, I don't have an opinion or real emotional response to this so-called crash.
If you're glad the crypto market is crashing, I think that speaks more about you than the crypto market.
If you're glad the crypto market is crashing, I think that speaks more about you than the crypto market.
The behavior exhibited by those insufferable cryptobros (who I am not a fan of either to be clear) isn't much different than that of techbros having some of the highest paying salaries in the world with a matching ego, working on some vaporware juice package squeezer or creating incredible amounts of social discord through social media and data harvesting, or the degenerate gamblers of wallstreetbets memestocks like amc or gme, or any of the pandemic stocks that are down 75-90% right now. People spending hundreds of thousands of dollars on jpgs is not much different than people spending hundreds of thousands of dollars on bananas taped to walls at Art Basel, I could go on and on.
A lot of the smugness and resentment comes from a response to human behavior which has not been exclusive to cryptocurrencies, so I don't get the fixation on this one thing, it isn't even like cryptocurrences are some ubiquitously salient thing, you can very easily filter it out from your life and social media feeds and hear next to nothing about it.
People that are "glad" that the marked is crashing are usually into 2 camps: 1) bitter that they did not invest / did not see its potential while it was small - and they somehow feel vindicated when crypto is doing bad _and_ 2) people that are on their moral high horse talking about global warming, Ponzi schemes and Argentina.
IMHO, none of these 2 positions is okay and it speaks volumes about the character of the people that adopt it.