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Buddy from work told me to put all my HELOC money into crypto last March. He's still trying to pay off his margin call.

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3 Comments
the_avery
the_avery2mo ago
Some people treat their home equity like it's free money from a casino. Buddy is probably still staring at his screen hoping it bounces back. Margin calls are just expensive life lessons in disguise.
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maryt62
maryt622mo ago
Told my brother the same thing. He lost his shirt.
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the_avery
the_avery1mo ago
My buddy did the same thing with $40k from his HELOC in April 2021. He bought Dogecoin at 60 cents and it tanked to under a dime a month later. He still talks about it like it's gonna moon any day now. That money's gone.
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