Moscow Firm Opens World's First Crypto Addict Hotline

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                <p>While dramatic value swings of bitcoin and different cryptocurrencies are rattling the nerves of traders, a Moscow-based firm has launched a hotline to assist ease their nervousness over crypto market fluctuations.<span /></p>

Back in December, bitcoin smashed the all-time excessive of $20,000, however dropped beneath $6,000 earlier this week after a prolonged downtrend interval. Such fluctuations are clearly a trigger of giant stress for traders, particularly these with little expertise in cryptocurrencies, and probably may even result in mass suicides, psychologists declare.

A Moscow-based firm, Blockchain Fund, which buys and shops cryptocurrency for shoppers, has opened a hotline only for these individuals.

“Some people are in a panic, they don’t understand what is happening. At first everything was so good in this market, and now it has faced such changes,” Elena Pikhovkina, a psychologist engaged on the hotline, instructed Life.ru.

According to Ms Pikhovkina, she already has expertise working with individuals who have survived monetary damage, like those that misplaced some huge cash in 2014, when the Russian ruble dramatically misplaced its worth in opposition to the US greenback and Euro.

“First of all, I will get acquainted with people in my work, listen to their stories and then give advice on how to calm down and recover. It is very important so that a person does not do anything stupid,” she defined.

Bitcoin wasn’t the one digital forex to see pink on exchanges just lately. The worth of a lot of the different altcoins additionally decreased fairly considerably. However, on the time of writing, CoinMarketCap was displaying enchancment with nearly all of high cryptocurrencies all within the inexperienced. At the second bitcoin is buying and selling round $eight,660, with some specialists saying the forex may attain the $50ok mark come December.

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