This story contains suicidal thoughts. If you are in danger because of similar thoughts, you can call the National Suicide Prevention Hotline for free.
As the coin has fallen into crisis over the past day, the posts on the forum dedicated to LUNA have skyrocketed, illustrating the risk of investing in the tech.
According to a Forbes report published earlier today, the stable coin lost 98 percent of its value in a single night. The coin is now worth less than a dollar.
People who have invested thousands of dollars or bet money against their physical assets are feeling the most pain because of the news. One user said they would lose their house if they lost so much money. A follower of the virtual currency posted a collection of posts and was worried about the impact on people's mental health.
The user said that the Luna forum is full of suicidal posts.
The Luna reddit forum is full of suicidal posts. Reminder that the crypto space may be zero sum (dollars in = dollars out) in financial terms, but not human terms. pic.twitter.com/iWmEqQbXdk
— John Brownlow (@JohnBrownlow) May 11, 2022
Three out of five of the top posts are related to suicide.
Contrary to popular belief, the great market crash on Black Friday in 1929 didn't cause a lot of self harm attempts. According to History.com, at the time of the market crash, the journalist who was reporting on it, was a man named Winston Churchill. There was a myth about stock brokers jumping from windows. There were more suicides after the market crash.
We hope the current crashes don't cause a mass panic or the death of a single person. There are other coins that may not rebound from historical lows. Sharing these stories will prevent others from doing the same thing.
They've mined almost all of the digital currency that will ever exist.
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