Part 2/16:
Last night’s discussion opened with a vivid account of a highly volatile crypto trading session. One trader, Danny, reportedly lost about 25,000 SATs (satoshis, Bitcoin’s smallest unit), corresponding to roughly two and a half Bitcoin — a hefty sum in Bitcoin terms. The narrative highlighted the chaos of trading while intoxicated, with Danny trying to double his position but struggling with even basic calculations amidst drunkenness. Despite the erratic behavior, the trader managed to pull back from a major loss, saving what could have been a 40 million SATs (approximately $1 million) hit. This anecdote underscores the unpredictability and risk inherent in crypto markets, especially when traders are operating under less-than-ideal circumstances.