Committing suicide Threats Spike on Reddit After Crypto Crash

Many not-so-savvy investors consider Reddit to discuss how they, or even their friends were considering suicide in response to the nosedive.

Victims of the cryptocurrency crash are posting suicidal messages on a Reddit forum dedicated to the cryptocurrency Luna.

This week, Luna token crashed 99 % as the TerraUSD stablecoin it was tethered to also imploded.

Prior to the crash, the particular coin was soaring over $115; it’s currently trading at 1 cent.

The downturn triggered countless not-so-savvy investors to get rid of not only their gains, but their entire investments, with some claiming they lost their whole life savings on the speculative task.

Many took to Reddit’s r/TerraLuna board to discuss how they, or their buddies were considering suicide in response to the nosedive.

“ My ex-colleague tried suicide, ” one person published.

“ For all those considering suicide, here’s the story of attempted suicide, ” another thread was titled.

“ I lost over 450k usd, I cannot spend the bank. I will lose the home soon. I’ll turn out to be homeless. suicide is the just way out for me, ” wrote another person.

“ I lost all my living savings, ” another Redditor wrote . “ Had bought Luna at $85, not sure what to do. ”

“ I should’ve cashed out when it was $100, i then would have been up $25, 000, ” another user stated. “ But I acquired greedy hoping to get more money so I can at least pay for a downpayment for a home for my family. I guess no house and savings then. ”

The suicide threats became therefore frequent that message board mods added a pinned post telling “ everyone panicking” to reach out to “ nationwide help lines, ” followed by a long list of phone numbers for suicide prevention hotlines.

The crash comes as stock plus crypto markets have been rattled by inflation, with crypto’s biggest token Bitcoin plummeting over 28 percent during the last week.

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