Submitted by kayn1k t3_zwy3r1 in wallstreetbets
Some of the bagholders will not like reading this, but Elon hype is dead, it's over. I am sorry but this is it. You know how stockmarket works, once a hype is gone it's gone. Nobody will ever believe him again. Even if he goes to Mars now, or sends 100 tesla to the orbit, doesn't matter. He will be remembered as doge scammer, pump & dumper, liar etc. his ego has taken over his identity and morality.
Look, majority of humans have this weakness that when large amounts of money enter their life, they lose their minds. They become arrogant, power-hungry, lose humility, their very identity and morality. They start to play mini-God and surround themselves with yes-man, and if their mini-God status ever gets challenged, they go mad and not shy away to use illegal ways that they did not use at the beginning of their story.
Just look around you. I am sure you have a couple friends who become rich from a lucky hit on stockmarket, family inheritence or through early bitcoin or some other way. I am not exaggerating, 99% of the time you will see same story happening. The guy that was your best friend years ago that you could argue any subject no longer tolerates to hear you oppose them anymore. He has more money so in his mind he is more "successful" so that makes him "right" on everything. He no longer seeks friends who tell the truth to their face, he seeks people who admires his supreme intelligence and supreme decisions.
I admired Elon Musk when he had Mars landing presentations etc. people believed he is the new kid on the block with crazy ideas for humanity's progression. I admired Bill Gates before he became the vaccine lord and started to dictate how people should live their lives. I was a Binance user for a long time and I admired CZ. CZ is no longer same person as first time Binance was launched. He has a very similar story like many others that started humble and promising, only to end up as corrupted as any other dictator.
Bottom line is that: Do not over-idolize anyone, not Warren Buffet, not Vitalik etc. anyone I mean anyone regardless of how genius or humble they seem today. Very very few people don't lose their minds when large amounts of money enter their life, and props to those who still keep their feet on the ground. But at the end everyone is just human and prone to same weaknesses. That is why history keeps repeating itself over and over again.
If by chance that you do get rich one day from this capitalism's game of stonks remember where it started and remember who was with you when you had nothing. Having some self principles and self virtues will keep your ego in check and keep your feet on the ground.