Crypto investors panic during market bloodbath
Crypto investors panicked on Thursday as bitcoin plummeted to its lowest price in more than a year and other cryptocurrencies endured even worse sell-offs.
Victims of the bloodbath — which comes amid a broader stock market rout — range from the billionaire crypto titans who run leading marketplaces such as Coinbase and Binance to lowly retail investors who have poured their life savings into cryptocurrencies.
“I lost over 450k usd, I cannot pay the bank,” reads one of the top posts on the Reddit forum for Terra Luna, a cryptocurrency that has lost more than 99% of its value over the past week. “I will lose my home soon. I’ll become homeless. suicide is the only way out for me.”
“I will lose my home soon. I’ll become homeless. suicide is the only way out for me,” read one post concerning the market bloodbath.Bloomberg via Getty Images“My ex-colleague attempted suicide,” reads another top post on the forum. “He basically moved all of his …