Bitcoin and other cryptocurrencies crashed hard, and many people aren’t taking it well.
Down from the near- $20,000 highs of early December, Bitcoin plummeted 25 percent on Tuesday to as low as $10,194. This hasn’t went over so well with those who ran their life savings into cryptocurrency.
Notably, according to several Redditors, this is not the first time a suicide prevention post has built it to the Bitcoin subreddit — one commenter even went so far as to call it a “meme.” And while this all may seem instead silly to people who haven’t taken out second mortgages to buy , for others this is truly no laughing matter — hence the posting of the aforementioned phone number.
And while the reasons for this downturn are differed and not entirely clear, the responses have mainly coalesced into two categories: HODL( i.e. brushing off the losses and waiting it out) and oh shit . It’s the latter that has garnered the attention of the so-called nocoiners.
Others, perhaps not as worried about the loss of fund, are grappling with different fears. One post on r/ bitcoin, named “possibly the worst thing about this accident …, ” laments that the most recent downtrend is bad for reasons other than the red in everyone’s portfolio.
“All the shit I have to hear in the agency, ” the post grumbles. “The god damn ‘i-told-ya-so’ from John, ” it continues. “Yea ok teammate, if i need a status update on that container of donuts in the transgres chamber, you’re my go-to guy.”
Meanwhile, despite everything there is, the jokes flow.
Which, well, in the face of potentially staggering financial losses, it was likely is best to keep a sense of humor. And, of course, reach out for help if you need it.
If you want to talk to someone or are experiencing suicidal beliefs, text the Crisis Text Line at 741 -7 41 or call the National Suicide Prevention Lifeline at 1-800-273-8255. For international resources, this list is a good place to start .