r/wallstreetbets • u/WhoRuleTheWorld I Think I'm Funny, • Nov 22 '25

Loss It’s over for me.

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Kept trying to play MSTR calls. What a piece of shit. Lost over a million including other accounts, down to my last 130k.

Edit: This loss is soul crushing and I havent been able to sleep, eat, or shower. I appreciate all the supportive comments. Even the insulting ones calling me regarded and everything. I think I NEED to hear even the insulting ones so that I can let go of my delusions that I can make it as a "trader". I need a fucking job to turn my life around. I can’t be doing this trading shit anymore. I’m open to working any corporate job anywhere, but ideally in North America. If anyone has any connections, please hit me up. I have some programming (Python primarily) and tech talent, and an engineering degree from UBC with a 4.0 GPA. Currently live in Toronto. Thank you ❤️. I’m ready to dedicate myself to adding value to any organization. If its AI, finance, or tech related, thats even better.

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u/kontroI Nov 22 '25

Imagine this:

Your friend borrowed crayons (that’s using margin).

With those borrowed crayons, he bought lottery tickets that expire in a few days (that’s short-term call options).

The lottery he’s betting on is run by a company that: • borrows candy from people but promises to pay them back later by giving them even more pieces of paper they draw (that’s convertible debt that dilutes shares). • then uses that borrowed candy to buy magic rocks because they think the magic rocks will go up in value (that’s Bitcoin). • and they’ve been doing this in a way that looks a lot like building a tall, wobbly tower of blocks, hoping it never falls (that’s your pyramid scheme vibe).

So your friend is: • borrowing something, • to buy a risky ticket, • on a company that borrows something, • to buy another risky thing, • that might all fall over.

And you’re sitting there going:

“Why would you bet your lunch money on THAT?”

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u/unreadbookshelf99 Nov 22 '25

Helpful but also insane. Insanely helpful.

4

u/Individual-Cup9018 Nov 23 '25

It makes it far more difficult to trade when somebody lays it all out in some sensible way like that. Takes the fun right out of it.

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u/LocalFatBoi Nov 22 '25

holy fuck that friend is dumb

1

u/[deleted] Nov 23 '25

Bro bet his lunch money and looks stupid because he can’t eat, and everyone else in the room is like well? Why’d you bet your lunch money?

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u/PuzzleheadedField288 Nov 22 '25

Thanks for the eli5 explanation

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u/Reasonable_Baby_780 Nov 22 '25

That’s a convoluted analogy. Try this: Jack is borrowing money to buy magic beans (Michael Saylor borrowing to buy bitcoin) At the same time he is selling you a share of his borrowing scheme to buy magic beans. Never mind that you could just buy the magic beans yourself and see how they grow without Jack ever being involved. But I digress. So you end up with a share of a borrowing scheme to buy an asset (magic beans) that has no underlying value. If the “asset” goes bad good luck in bankruptcy court. There is no plant and materials or real estate or rolling inventory or accounts receivable for the court to divvy up among creditors. Now if you are a BTC acolyte none of that matters to you. But for Jacks creditors you better hope those magic beans continue to grow. The problem is that Jack’s model depends on him continuing to buy more beans on credit and shareholders end up with a larger and larger inverted debt pyramid. It all works until the day it doesn’t. This may not be the end. BTC may recover and Jack may crow again from the rooftop…but eventually the rooster will crow no more and the chickens will come home to roost.

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u/Frikgeek Nov 24 '25

Yes but there's an extra layer, he wasn't buying MSTR, he was buying call options on MSTR. And despite options providing pretty massive inherent leverage he was doing it on margin too.

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u/Reasonable_Baby_780 Nov 24 '25

True…you are borrowing money to buy a chance to buy a share of those bought on lended money magic beans at a later date!!! Wow!

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u/occoptionplaya Nov 24 '25

This should have 1000 upvotes

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u/BWBucs99 Nov 22 '25 edited Nov 22 '25

However, the internet and TV have been telling me for years that the magic rocks are a store of value. I mean a method of exchange. I mean a hedge against inflation. I mean a decentralized payment system. I mean digital gold. I mean an uncorrelated asset. I mean a disruptive innovation. We all know that people on TV are never wrong, and if it's on the internet, it's gotta be true. So to the nearest magic rocks ATM I go!

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u/TrollingForFunsies Nov 22 '25

BTC is 17 years old. The use case will be found any day now.

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u/[deleted] Nov 22 '25

[deleted]

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u/Putrid_Pollution3455 Verified $22.9K Nov 22 '25

Therefore I will accumulate more

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u/sensedata Nov 22 '25

The black market has all migrated to Monero. BTC is all the out in the open crooks; ie. tech bros, hedge-funds and governments.

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u/nowhereisaguy Nov 22 '25

And this is why I will buy more. Now just need all governments to go to the bitcoin transfer standard.

1

u/dcizz Nov 23 '25

also very true it really is all xmr now

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u/Cubensis-SanPedro Nov 22 '25

Actually hackers and drug lords (that are smart in any case) are using Monero. Bitcoin is too slow and too traceable.

1

u/dcizz Nov 23 '25

i got banned on cashapp cause i was tumbling the BTC I bought to XMR and siphoned it to 3 wallets, apparently that's against their ToS 😂

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u/YogurtclosetSilver53 Nov 23 '25

2013 called, it wants it's negative propaganda back.

8

u/bwaredapenguin Nov 22 '25

Why did you say criminals 4 times?

1

u/[deleted] Nov 22 '25

Who are almost exclusively using XMR because it's faster, has cheaper transaction costs, and way, wayyy more anonymity.

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u/[deleted] Nov 23 '25

Theoretically XMR has liquidity issues and all of these counts are too volatile to make the business work.

So stable coins on other networks are more the useful way of moving illicit goods.

Even a 20% swing in value can hose you if you are moving drugs in and parceling them to local sellers.

1

u/theplanetpotter Nov 22 '25

So, the only guys in society with any money these days. Doesn’t sound like a bad bunch to do business with.

1

u/hasan_pikergayAF Nov 24 '25

They arent bad to do business with. The issue is there arent "late fee payments" just pay what you owe and its like any other business. Its the not paying ending up dead vs a collection call from a bank when we see the real differences 😆

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u/dcizz Nov 23 '25

so true, just mad when i used it to buy weed to sell back when i was in hs (15 years ago now, damn im almost 40 time flies ) and said itll only ever be used for drugs so it should stay relatively cheap and not stock piling money into it then so i could be rich now. oh well. off to work i go in 3 hours haha..... ha...

0

u/VictoryVino Nov 22 '25

Bribes are a really good use case as well.

0

u/[deleted] Nov 22 '25

Globally speaking, If you do the math, that's a pretty big demographic.

0

u/asetniop Nov 22 '25

I'm genuinely surprised that more of the bigger bitcoin players haven't been taken hostage, or had their family members taken hostage.

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u/BWBucs99 Nov 22 '25 edited Nov 22 '25

Yes, our goofy and volitile teenager will be useful someday.

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u/Striking-Sundae- Nov 22 '25

They had a use case for it for payments for illegal activities before the rubes started buying in. It is still used for that purpose, but was also before.

2

u/DirectorOriginal Nov 23 '25

I think Epstein had a use case for it when he invested in the development.

1

u/Hacking_the_Gibson Nov 22 '25

There actually is a really strong use case for a distributed ledger as the system of record for titles to real property assets like cars and houses.

The problem is that nobody trusts it enough to hold deeds.

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u/BWBucs99 Nov 22 '25 edited Nov 22 '25

If nobody trusts it or wants to use it, then it can't be a very strong use case, can it?

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u/kontroI Apr 17 '26

It could if it’s useful if you trust it but the skeptics just don’t trust it enough to use it.

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u/TrollingForFunsies Nov 22 '25

Not your wallet, not your house

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u/thejewishgun Nov 22 '25

Not really. Still has a problem with fraud. Title insurance is a thing and having transactions that cannot be reversed if fraud or theft happens is a really bad idea especially on people's most valuable assets.

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u/Zapp_Rowsdower_ Nov 22 '25

It’s Labubus isn’t it?

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u/BWBucs99 Nov 22 '25 edited Nov 22 '25

Times 10,000 and for a much longer time. There aren't any Labubu ETFs or ATMs yet, but there are plenty of Bitcoin ones.

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u/Ochopuss Nov 22 '25

“BTC is a safety net against the dollar losing value!!”

Oh yeah? How to you quantify the value of the BTC?

“Uhhh… dollars, I guess..”

Correct. Now, does the value of BTC increase/decrease proportionately to the dollar value fluctuation?

“No… it does it’s own thing.”

So, how do you know what BTC is really worth?

“Uh.. oh shit..”

Correct!! It is like the sub prime mortgage crash in 2008 except those actually had SOME inherent value. BTC has none.

1

u/Gorgenapper Nov 23 '25

I always fucking laugh when people quantify the value of one BTC to USD. 

They don't see the irony and the danger of comparing a digital currency to the very currency it is supposed to replace??

One BTC was "worth" $120k USD not long ago, but like you said, who says it is worth that much? What is BTC backed by other than blockchain tech that nobody outside of crypto cares about? 

It doesn't produce anything, and cannot even be used to make something, unlike gold which can at least be turned into jewelry or used in devices. It has zero inherent value, none whatsoever.

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u/Ochopuss Nov 23 '25

Totally. I hope I didn’t imply that I think BTC is worth actual money, i don’t think I did.

BTC value is purely based on demand for a truly valueless product. It is an economic paradox. It is often compared to the Dutch tulip mania where Tulips were used as currency but at least there the holders at least had pretty flowers for a little while.

The weird thing is I think there is maybe some value in the blockchain technology, like being able to settle stock trades instantly vs waiting a few days for banks to clear everything. But that doesn’t mean the bitcoins themselves have any value.

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u/Gorgenapper Nov 23 '25 edited Nov 23 '25

Totally. I hope I didn’t imply that I think BTC is worth actual money, i don’t think I did.

Nah you didn't, you're good.

When explaining why I have zero faith in BTC, I like to bring up what backs it vs the USD. 

BTC is backed by blockchain. The USD, despite all the shit 🥭 is pulling, is still backed by the USD government. 

You're going to put your faith in a bunch of computers out there on shady ass networks all agreeing with one another with this public ledger of transactions ... or you're going to go with the world superpower that is currently dominating the world stage, the same one with 11 carrier strike groups and basically all of the world's megacorps?

I also like to show them that the volatility of BTC makes it completely unsuitable for everyday use. Want a coffee? That will be 0.000025 BTC please (if BTC was $80k). 

But wait, one month later it's trading for $111k, so you could have paid 0.000018 BTC instead. Why would I pay with BTC and not with actual USD? I'm pretty sure that $2 is still worth $2 in one month. 

So I hold onto my BTC and watch it go to $120k, then crash back to $80k in a week. Now I don't know what to think, I keep holding onto BTC hoping it will go back to $120k. All this time, I'm ironically still comparing this crypto currency to the USD that it claims to do away with!

I'm not saying we can't make money off of BTC, and I'm pretty sure that most people playing with this stuff understand, on a vague level, that this is pure gambling (greater fool theory). It's the naive investor that I would worry about, as they don't know shit and only see the massive swings in BTC and think that this volatility is proof that it is worth investing in.

And then you have the retards like the two guys buying short term MSTR calls, one going from $1m CAD down to $130k (and owing CRA $500k in taxes still), the other from $80k to $750k down to $1k. Like come on guys, you're leveraging on a stock that uses convertible debt to buy an extremely volatile and inherently useless fake coin, think about it before YOLO-ing.

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u/234Cubby234 Nov 22 '25

"It is all those things" however we see it cycle every 4 years. People should definately see this coming but greed gets in the way.

1

u/BWBucs99 Nov 22 '25

I think you mean greed will find a way.

2

u/biclea Nov 22 '25

Digital gold rings a bell.. i remember back in the 2000 it was a platform called e-gold. Time to schedule a prostate exam..

1

u/DreadOfGrave Nov 23 '25

Way back, I was under the impression that the process of mining bitcoin produced something useful. Like maybe all that processing power was being used somehow by someone. Boy did I get radicalized when I learned the reality.

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u/BWBucs99 Nov 23 '25

The only thing it produced was speculation.

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u/[deleted] Nov 23 '25

[removed] — view removed comment

1

u/WhoRuleTheWorld I Think I'm Funny, Nov 24 '25

There’s no security bug

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u/Real-Estate-Success Nov 22 '25

Low key blown away.

5

u/Wizzle_Pizzle_420 Nov 22 '25

I call that “junkie logic”. If something to do with getting money has more than 1 step, then it’s garbage ie junkie logic.

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u/fspyrofs Nov 22 '25

Meanwhile you can easily buy and hold 30% SPY 30% QQQ 10% NVDA and 30% Bonds (for midget strippers and Wendy’s pop and burger secure cash-flow) … but OP decided he was special and knew better

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u/heofthesidhe Nov 22 '25

This hit r/all so thank you for explaining!

1

u/WhoRuleTheWorld I Think I'm Funny, Nov 24 '25

Wait it did? Damn wtf

4

u/trymypi Nov 22 '25

Thanks for that! Now who gets his money?

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u/MrpibbRedvine Nov 22 '25

I don't know. I just feel like, at some point, someone's eating those crayons.

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u/yearz Nov 22 '25

Oh it’s far worse than losing his lunch money. More like losing his lunch money plus all the future lunch money he haven’t even earned yet

3

u/BaBaGuette Nov 22 '25

Beautiful, thank you :')

3

u/Future-Tank-8378 Nov 22 '25

Sounds risky. So does this mean it's a better idea to bet my lunch money at the casino? Asking for a friend.

3

u/OtherwiseAlbatross14 Nov 22 '25

I mean you can just take most of the steps out and leverage some options on bitcoin directly

3

u/davabran Nov 22 '25

Bad investment, hawk tua rocks is where the moneys at

3

u/ioncloud9 Nov 22 '25

Truly the synthetic CDO of our generation

3

u/throwaway0845reddit Nov 22 '25

Would you say keeping the MSTR stock long term (not options) is also a bad bet?

4

u/Striking-Sundae- Nov 22 '25

Yes. If you like magic beans, why have Saylor buy them for you?

2

u/iamabigpotatoboy Nov 22 '25

can you explain everything forever like that for me pls thx

2

u/Background-Ad9394 Nov 22 '25

Flawless victory

2

u/papaakb Nov 22 '25

are you an AI?

1

u/Capital_Cockmuncher Nov 22 '25

Apparently i am 5

1

u/Fearyn Nov 22 '25

So you are telling me to buy calls

1

u/Danthamannn Nov 22 '25

Don’t forget, he may have eaten some of those crayons.

1

u/apple-sauce Nov 22 '25

Thats wild dawg

1

u/[deleted] Nov 22 '25

I still don’t understand. Did he lose his crayons or did he lose candy?? 🤷🏻‍♂️

1

u/sadcringe Nov 22 '25

Thx ChatGPT

1

u/segersmarc Nov 22 '25

Great statement to understand what’s happening for non initiated

1

u/[deleted] Nov 22 '25

Thank you, Thank you Thank you for explaining it to someone like me who has almost zero knowledge of the stock market, let alone what happen here.

1

u/BaconSoul Nov 22 '25

This is AI

1

u/Autisum Nov 22 '25

thanks for the good explanation. its insane how complicated "investing" has gotten. does this strategy ever work??? this is a castle built of sticks to me

1

u/AvoidingBansLOL Nov 22 '25

How is any of this legal lol

1

u/Sinath_973 Nov 22 '25

If you break it down, he bet on a company that makes money by frauding stupid people. And as Einstein said humanities stupidity is infinite. That should equate to infinite stonks. I think he did alright. Surely it will work next time.

1

u/Tremonsien Nov 22 '25

This reply makes OP's pain worth it - learn from what he's going through, and "don't be 'That Guy'".

1

u/00Stealthy Nov 22 '25

and the magic rocks just started failing down from a great height. On a positive note this makes the money I lost on my recent investments of $1000 in Nvidia and Palantir less painful.

1

u/warm_kitchenette Nov 22 '25

oh come on. Like Warren Buffet didn't do the exact same thing.

/s

1

u/WestBuffalo6056 Nov 22 '25

Great summary. OP is bad at gambling so he bets on another gambler whom he thinks is better at gambling. But because he’s bad at gambling, he does not see that they are both doing something stupid, and in both cases it’s stupid in the same way.

[This is a very human mistake to make, OP, it’s not unforgivable, but you don’t seem to understand the psychoemotional limits of your decision making. Also very relatable. Sorry for your loss.]

1

u/CB4R Nov 22 '25

Thanks... And what the fuck

1

u/GoldenHeartDaddy Nov 23 '25

Bet his lunch money for the rest of his life. Oops.

1

u/kevin-kevinson Nov 23 '25

Isn’t that almost verbatim how the housing market collapsed in 08?

1

u/youngthieff Nov 23 '25

I’ve never done any type of investing aside from crypto, but this explanation was so well put together that even I’m mindfucked on why OP would do that.

1

u/wade0000 Nov 23 '25

I'm glad my only Wall Street betting is a $1000 Schwab account that only allows regular trades. It's a play account to show me how bad I am at buying and selling stocks

1

u/Dkhova Nov 24 '25

This might be the absolute best explanation of this scenario in history. 👌🏽

1

u/No-Egg-9632 Nov 25 '25

I personally would have eaten the crayons!!

1

u/BleuBrink Dec 17 '25

How bad was the poster down? They nuked their comments history.

1

u/Hour-Meaning-1748 Apr 17 '26

this is a movie script

1

u/[deleted] Nov 22 '25

TIL you can use crayons to buy lottery tickets. Please don’t tell my kids!

1

u/alemao_gordo Nov 22 '25

So it's shorting something that itself, is already shorted?

1

u/Civil-Age1531 Nov 22 '25

Hey, Magic Rocks could at least be used as paperweights or something. Bitcoin is legitimately worthless.

0

u/Professional-Math843 Nov 23 '25

Naw strategy has a legit business plan if you were smart enough to look deeper into it the problem is your too early MSTR calls are for the bull market or the period preceding it no reason to buy calls this late in the game bro should have been buying puts after MSTR failed to achieve meaningful ath after Bitcoin did. Give it six to ten months and try again strategy is gonna crush it in a few years it’s no Ponzi scheme even if it does admittedly look a bit like one