WE all know that working in the Stock Exchange can be a bit stressful.
But dealing in Bitcoin can become so nerve-wracking that psychologists are being hired just to ensure desperate investors don’t “do anything stupid” if they lose a lot of money.
Bitcoin is a cryptocurrency — a system that is secure but works without being linked to a central bank or single chief executive or manager of any kind.
Dealing in it is proving to be even more of a roller coaster than working in stocks and shares, and it does take a heavy toll on investors’ spirits.
One day, a single Bitcoin is worth about £6,200 (as it was when I started writing this) but the next, it can flop to half that or soar to twice the amount!
Now, the Blockchain Fund, one of Russia’s largest Bitcoin funds, has announced it’s hired a professional psychologist to counsel anyone needing help.
In December, Bitcoin was valued at £14,400, so you can see how much it has shrunk in just a couple of months. Imagine if you had bought thousands of those.
Terrified they may never recover vast losses, some Bitcoin dealers have suffered serious depression and even contemplated suicide.
Hopefully, the psychologists will keep them on an even keel, and Bitcoin will find its true value and do likewise.
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