Almost three weeks ago, the world was told that the cryptocurrency Luna had experienced a drop of up to 99% in two days. This is something unimaginable for investors, and although it is constantly repeated that you only need to invest what you are willing to lose, there are those who put everything they had into this project. For those you don’t know, the cryptocurrency Luna has experienced a huge downturn after a cunning move by an unknown attacker who exploited her weaknesses and disrupted her entire ecosystem. A survey was conducted on this situation, which once again does not shed a good light on the world of cryptocurrencies, in order to clearly see how much this downturn has affected the lives of individual people and to highlight the seriousness of the whole situation.
“It was not only my money but my family’s money accumulated over the years.“
The survey showed that as many as 92% of the victims lost so much money after this unprecedented downturn that it affected them financially. 87% of them also felt an impact on their mental health, with an alarming 41% considering self-harm or even suicide. 91% experienced insomnia and 47% said the slump caused problems among family members. One of the victims also added: “I have been completely insecure since I lost my money and I am afraid. I found myself waking up in the middle of the night panicking about the uncertainty of my financial future.” As you can see, the situation is really serious and that is why it is very important to remember that invest only as much as you are willing to lose and also do not invest everything in just one project!