{"id":6301,"date":"2022-07-12T05:36:01","date_gmt":"2022-07-12T03:36:01","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/07\/12\/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash\/"},"modified":"2022-07-12T05:36:01","modified_gmt":"2022-07-12T03:36:01","slug":"they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/07\/12\/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash\/","title":{"rendered":"\u2018They couldn\u2019t even scream any more. They were just sobbing\u2019: the amateur investors ruined by the crypto crash"},"content":{"rendered":"

Fuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed<\/p>\n

In the gloom of an 18th-century drawing room at the private rehab clinic Castle Craig<\/a>, near Peebles in the Scottish Borders, Roy, a 29-year-old victim of the global cryptocurrency crash<\/a>, tells me his story. It is a dazzling summer\u2019s day, but here the mood is sombre. Roy shifts uncomfortably in his chair as he begins.<\/p>\n

It all started in February 2021, with a radio advert for Dogecoin, a cryptocurrency promoted by Elon Musk<\/a>, the founder of Tesla. Intrigued, Roy started Googling, eventually using his credit card to make an initial investment of \u20ac2,500 (\u00a32,200) in a range of cryptocurrencies. The value of Roy\u2019s portfolio climbed to \u20ac8,000, then \u20ac100,000, then \u20ac525,000. Roy had entered the market during an adrenalised bull run, meaning an extended period of price growth. A combination of Covid stimulus packages, low interest rates and an unprecedented level of enthusiasm for cryptocurrency among furloughed workers meant the bull was careering out of sight.<\/p>\n

Continue reading…<\/a>
\nFuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed
\nIn the gloom of an 18th-century drawing room at the private rehab clinic Castle Craig, near Peebles in the Scottish Borders, Roy, a 29-year-old victim of the global cryptocurrency crash, tells me his story. It is a dazzling summer\u2019s day, but here the mood is sombre. Roy shifts uncomfortably in his chair as he begins.
\nIt all started in February 2021, with a radio advert for Dogecoin, a cryptocurrency promoted by Elon Musk, the founder of Tesla. Intrigued, Roy started Googling, eventually using his credit card to make an initial investment of \u20ac2,500 (\u00a32,200) in a range of cryptocurrencies. The value of Roy\u2019s portfolio climbed to \u20ac8,000, then \u20ac100,000, then \u20ac525,000. Roy had entered the market during an adrenalised bull run, meaning an extended period of price growth. A combination of Covid stimulus packages, low interest rates and an unprecedented level of enthusiasm for cryptocurrency among furloughed workers meant the bull was careering out of sight. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Fuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed In the gloom of an 18th-century drawing room at the private rehab clinic Castle Craig, near Peebles in the Scottish Borders, Roy, a 29-year-old victim of the global …<\/p>\n

\u2018They couldn\u2019t even scream any more. They were just sobbing\u2019: the amateur investors ruined by the crypto crash<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":6302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6301"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=6301"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/6302"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=6301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=6301"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=6301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}