Hacker News new | ask | show | jobs
by mc42 3131 days ago
Several years ago during the MTGox collapse, /r/bitcoin over on reddit had a suicide hotline pinned to the top as multiple evangelicals had sunken their life savings into BTC. It's going to be a very difficult situation if / when BTC crashes again, and it won't end well for just about anyone.

Edit: changed "has" to "as", as it was a typo.

1 comments

Given the recent uptick in posts about people investing their life savings into bitcoin and bragging to friends and relatives about their wealth, it seems like the community hasn't learned anything from past turbulent times.
I guess such people are not able to hold on to their money for long anyway.