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01-17-2018, 10:22 AM
The Bitcoin community reacts to crash
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Bitcoin and other cryptocurrencies crashed hard, and many people aren’t taking it well. *
Down from the near-$20,000 highs (http://mashable.com/2017/12/07/bitcoin-value-dollars/) of early December, Bitcoin plummeted 25 percent (https://www.reuters.com/article/uk-markets-bitcoin/bitcoin-falls-25-percent-to-10200-on-bitstamp-exchange-idUSKBN1F52VG) on Tuesday to as low as $10,194 (https://coinmarketcap.com/currencies/bitcoin/). This hasn't gone over so well with those who poured their life savings into cryptocurrency.*
SEE ALSO: You know who's not loving Bitcoin's rise? Speed freaks. (http://mashable.com/2017/12/19/bitcoin-fees-annoy-darkweb-buyers/)
Just how bad is it? Well, at the time of this writing, a post (https://www.reddit.com/r/CryptoCurrency/comments/7qu8t9/18002738255_us_national_suicide_hotline/) providing the phone number of the U.S. National Suicide Hotline sat at the top of the cryptocurrency Reddit (https://www.reddit.com/r/CryptoCurrency/).*
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Image: reddit
Importantly, it's not just Bitcoin that's down. Everything from Ether (http://mashable.com/category/ether/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), to Ripple (http://mashable.com/category/ripple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), to Bitcoin Cash (http://mashable.com/category/bitcoin-cash/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), to Litecoin (http://mashable.com/category/litecoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) is presently taking a bath. Read more... (http://mashable.com/2018/01/16/bitcoin-price-drop-crash/)
More about Reddit (http://mashable.com/category/reddit/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrencies (http://mashable.com/category/cryptocurrencies/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1516162103 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1516162103)
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Bitcoin and other cryptocurrencies crashed hard, and many people aren’t taking it well. *
Down from the near-$20,000 highs (http://mashable.com/2017/12/07/bitcoin-value-dollars/) of early December, Bitcoin plummeted 25 percent (https://www.reuters.com/article/uk-markets-bitcoin/bitcoin-falls-25-percent-to-10200-on-bitstamp-exchange-idUSKBN1F52VG) on Tuesday to as low as $10,194 (https://coinmarketcap.com/currencies/bitcoin/). This hasn't gone over so well with those who poured their life savings into cryptocurrency.*
SEE ALSO: You know who's not loving Bitcoin's rise? Speed freaks. (http://mashable.com/2017/12/19/bitcoin-fees-annoy-darkweb-buyers/)
Just how bad is it? Well, at the time of this writing, a post (https://www.reddit.com/r/CryptoCurrency/comments/7qu8t9/18002738255_us_national_suicide_hotline/) providing the phone number of the U.S. National Suicide Hotline sat at the top of the cryptocurrency Reddit (https://www.reddit.com/r/CryptoCurrency/).*
https://i.amz.mshcdn.com/L6Wo3A6Qlptn9W61GQslqoEvmxo=/fit-in/575x4096/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fima ge%2F694501%2F9e64bc1a-78ba-485a-bd6b-af6537092c2a.png
Image: reddit
Importantly, it's not just Bitcoin that's down. Everything from Ether (http://mashable.com/category/ether/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), to Ripple (http://mashable.com/category/ripple/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), to Bitcoin Cash (http://mashable.com/category/bitcoin-cash/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), to Litecoin (http://mashable.com/category/litecoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) is presently taking a bath. Read more... (http://mashable.com/2018/01/16/bitcoin-price-drop-crash/)
More about Reddit (http://mashable.com/category/reddit/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (http://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrencies (http://mashable.com/category/cryptocurrencies/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1516162103 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1516162103)
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