Enter the terms you wish to search for. Bitcoin and other virtual currencies have nearly halved in forum bitcoin traders since last month, prompting a popular cryptocurrency forum to offer suicide prevention support to any members who may have been impacted financially by the price crash.
The cryptocurrency forum on Reddit, which has almost half a million subscribers, featured a post with links to the U. National Suicide Prevention Lifeline, as well as other suicide and mental health resources for people who live outside the United States. The price falls of bitcoin and other major cryptocurrencies—like ethereum, litecoin and ripple—have been attributed to a variety of factors, including news reports in South Korea and China about increased government regulation on exchanges, as well as the closure of the popular crypto platform Bitconnect. 45,000 upvotes and more than 3,000 comments.
During the late 2017 price surges, prominent cryptocurrency figure George Popescu spoke of the need for a specialized suicide prevention hotline for people affected by the significant swings. People borrow money and invest in cryptocurrencies. Maybe what we should do right now is to set up a suicide prevention lifeline to give those who hoard bitcoins a call and ask if they really know what they are doing. The volatility of bitcoin has previously been named a factor in suicide, with a post on Reddit’s bitcoin forum last month detailing a story in which a 29-year-old man apparently killed himself after missing out on the bitcoin gold rush. My brother killed himself because of BTC,’ one user wrote about how a sibling became depressed after selling or losing up to 15,000 bitcoins before bitcoin’s dramatic price surge in 2017.
50M I might have killed myself too. I can’t imagine what my brother must have been feeling these past several years knowing he missed his best and easiest shot at the wealthy life he had always fantasized about. But will the tension inevitably escalate to a trade war? Two types of bitcoin exchanges are in use: peer-to-peer and regular. On the one hand, there are the regular bitcoin exchanges, which use an order book to match buy and sell orders between people. However, neither the buyer nor the seller has any idea who the other party is, and this provides all users with a certain level of anonymity and privacy protection. This is the most commonly used form of exchanging local currency to and from its digital counterpart in the form of bitcoin.