‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash
— Taleb, Lost, Couldnt, Financial, Crypto, Investors, Amateur, Money, Cryptocurrency, Scream — 1 min read
Roy entered the market during an adrenalised bull run, meaning an extended period of price growth. By day, he checked his cryptocurrency wallets every 10 seconds; by night, he set alarms to go off on the hour. He began fantasising about a life free of financial constraints, in which he would never have to work. Then the price of bitcoin fell from £42,000 in May 2021 to £23,000 by the end of June. Since then, it has been in near-continuous freefall; bitcoin is hovering at £17,000. In May, jobless and broke, Roy checked into one of the only centres in the world that treats cryptocurrency addiction. Now, amid the incongruous grandeur of a Scottish stately Source