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Chris Sacca has been warning meme-stock buyers and cryptocurrency enthusiasts repeatedly against loading up on debt to maximize their gains. 

However, amateur traders who didn’t take his advice into consideration are now begging him for help, following the market crash on the weekend, Sacca revealed in a recent tweet.

"It's not fun to be right about it," Sacca said, referring to a year-old tweet.

In that tweet,  the billionaire founder of Lowercase Capital told retail traders that their gains during the Covid pandemic are thanks to a lucky time. Sacca suggested that traders should pack some of their profits.

"I have been long this market and taken my lumps with everyone else," Sacca continued. "Just tried to help people not trade money they don't own. Now my inbox is filling up with requests to bail strangers out of margin debt."

Betters on volatile growth stocks were hit hard

In a follow-up tweet, the former "Shark Tank" investor said that retail traders who made bets on volatile growth stocks were the worst performers compared to those with diversified portfolios.

Sacca — an early backer of Twitter, Uber, and Instagram — also said that he “bought the dip,”. In other words, the billionaire bought assets that plunged in price. He jokingly predicted that asset prices will continue to plummet to punish his bullish behavior.

"The market is going to continue to freefall," he tweeted. "Why am I so certain of this? Because I did some buying today."

Sacca insisted on the dangers of margin debt because it caused him trouble during his college student days, two decades ago.

"I kited my student loans, YOLO'd them to $12m, and then, in a blink, I woke up $4m in debt," he tweeted at the height of the GameStop short squeeze in January of this year.

He underlined the "hopelessness and depression" that comes with falling into debt, after noting a month earlier that he was "beyond worried" about people using apps to trade stocks and crypto on margin.

Since 2017, Sacca’s focus was on climate change, voter suppression, and criminal-justice reform.