On Friday, many crypto-lovers took to social media to vent their dissatisfaction with the current state of crypto markets. Reddit user imyourkingg claimed to have posted the following: PlacedHe deposited 30% of his net wealth into (BTC(A few months back, saying:

Because crypto is decentralized, there aren’t any circuit breakers that can be used to protect it from the same fate as those found on stock exchanges. These bull/bear cycles are extreme and can prove difficult to adapt to for those not familiar with them. Reddit user, another Reddit user, took to the podium with a posting Title“$60k panicked and broke down: