The Twitch streamer Trainwreck (30) is currently gambling on Twitch. A viewer asks him to stop, and he can hear quite a bit. Trainwreck explains to him that he has 7 million US dollars in cryptocurrency set aside even after the Bitcoin crisis.
This is the situation:
- Trainwreck is something like “Twitch for advanced users”. He is a variety streamer with about 12,000 viewers, playing games like Among Us, Call of Duty: Warzone, Rust, or gambling. He is also known for his “Just Chatting” streams.
- Trainwreck claims he had 15 million US dollars in cryptocurrencies and lost around 8 million dollars during the current crisis.
- Now a viewer has advised him to stop gambling on Twitch – to which Trainwreck reacted irritably.
“I still have cool 6 or 7 million US dollars after the crypto drop”
This is what Trainwreck says: On May 19, Trainwreck played online slot machines on Twitch when a viewer asked him to “Stop Gambling” and to stop gambling. Trainwreck responded angrily:
Stop gambling? Why? Why should I do that? Can I be honest with you, you dickhead? Before the crash, I had 15 million dollars in crypto, now I still have cool 6 or 7 million. Fuck you, damn axe. I have more money in crypto than your whole family combined. Fuck you and let me gamble in peace.
Trainwreck
Trainwreck then explained that he is financially secure and does not want any interference in his financial situation. If he wants to gamble his money away, that is his right.
People who are not successful should not tell people like him what to do with their money.
He would be happy to show his bank statement to prove that he is financially secure.
What does he mean by “drop in cryptocurrencies”? The cryptocurrency Bitcoin has seen enormous value increases in recent years but suffered some setbacks in the last few days:
- First, tech pioneer Elon Musk tweeted that Bitcoin would no longer be accepted as payment at Tesla, because the energy required to create a Bitcoin is, too high. Musk publicly experienced environmental guilt.
- Furthermore, China has distanced itself further from cryptocurrencies and warned against them.
As a result, cryptocurrencies briefly crashed. However, the downward trend has already stabilized somewhat. Over the years, the value increase in the most successful cryptocurrencies has been immense, amounting to several thousand percent.
Legendary is the story that on May 22, 2010, an early Bitcoin enthusiast ordered two pizzas and paid 10,000 Bitcoins for them. Today, those 10,000 Bitcoins would be worth 325.6 million euros.
Twitch streamers are into cryptocurrencies; many have made a lot of money
This is behind it: Trainwreck shows a certain irony: The same characteristics that can lead you to lose a lot of money in “online gambling” have enabled people like him to achieve enormous financial resources through risky investments in cryptocurrencies like Bitcoin in recent years.
The completely irresponsible handling of money from a conservative perspective, by investing in a “fantasy currency,” has made Trainwreck and some others connected to gaming and technology wealthy in recent years.
They are now immune to financial advice from others.
The example of Trainwreck also clearly shows that Twitch streamers should by no means serve as role models for excursions into virtual casinos. When a millionaire like Trainwreck gambles a few thousand US dollars, it’s a tiny part of his total fortune. If one of his viewers were to emulate him and gamble away the same amount, it would probably be a large portion of his wealth.
Here in Germany, we had the debate about “gambling on Twitch” as early as 2019 and 2020, when streamers like Knossi or MontanaBlack were enormously successful with it. The German Twitch streamers have largely stopped these casino streams due to new regulations.
In the English-speaking Twitch community, the debate about “gambling on Twitch” is just starting to pick up speed. Casino streams are trending and on the rise.
Trainwreck lost several million US dollars in market value overnight, but that’s nothing compared to the head of an MMORPG studio:
Man loses 2.2 billion dollars in one day due to Bitcoin and MMORPG scandal
