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Crypto Trader Loses $250,000 In January, Swears Off Leverage: I’m A ‘Changed Man Now’

An anonymous cryptocurrency trader, aptly named “Tarded Degen Gambler,” shared a screenshot of a massive six-figure trading loss on X (formerly Twitter). But the reaction he received to sharing his losses was anything but encouraging. What Happened: The trader in question went viral with a Jan. 3 post showing a $161,000 liquidation loss: As he clarifies in the replies, the screenshot is missing another $40,000 in unrealized profits from the previous today. By his own account, “Tarded Degen Gambler” had gone from $20,000 to $425,000 between August and December 2023 but lost $250,000 in January …