Members of a popular Internet forum defended a man who said he unknowingly shook his brother-in-law after a devastating cryptocurrency.
In a viral Reddit post posted on r / AmITeA ** hole, Redditor u / anticryptobro (aka the original poster or OP) said he and his wife were having dinner with their extended family when his brother brought out a cryptocurrency joke in the light – in-laws’ gloomy financial blunder.
Subtitle: “[Am I the a**hole] to make fun of min [brother-in-law] after losing an insane amount of money investing in crypto? ” the post received more than 6,000 votes and 1,000 comments over the last 24 hours.
The original poster began by describing him as a “show-off”, saying that his brother-in-law often cheered on his successful investments and often offered unwelcome financial advice, especially in relation to cryptocurrencies and non-fungible tokens.
“When we take them out to dinner, he insists on paying in the most condescending way,” OP wrote. “He will also try to give me financial advice, which is just annoying.”
“He joined Krypto a year ago and shortly after the NFTS,” OP continued. “When he came up with that advice for me, we argued about it.”
“He accused me of not wanting to give my wife the life she deserves,” OP added.
When he wrote that his brother-in-law assured that he would turn his entire family into millionaires, the original poster said he was accused of naivete for not participating in last year’s crypto craze.
But during a recent family dinner, the original poster also said he learned that recent events in the cryptocurrency market have put his brother-in-law and family in an uncertain position.
“We invited her to dinner,” OP wrote. “It was embarrassing. There was some excitement, but I really could not put my finger on why.”
“During a period of silence, I asked him, ‘Are you all millionaires yet?'” OP continued. “At that moment, my wife’s sister put her head in her hands and was in tears within seconds.”
“Their husband explained that he was betting money they could not afford on various cryptocurrencies that crashed,” OP added. “He has lost tons of money and said unless they find out something, they can not stay in their house or pay for their house. [two] The daughters’ kindergarten. “
Last month, Insider Intelligence predicted that by the end of 2022, more than 33.7 Americans would own at least one cryptocurrency.
An increase of 19 percent from 2021, 33.7 million represents 12.8 percent of the U.S. population and is a testament to the growing popularity and mainstream adoption of cryptocurrency across the country.
Although crypto has strengthened its foothold in the financial landscape, the past week has not been a good week for holders of several popular currencies.
May 12 news week reported that both Bitcoin and its rival Ethereum have fallen 30 percent over the past seven days, and both have suffered major price declines over the past 24 hours. news week also reported that Luna, another popular cryptocurrency, has fallen 97 percent over the past week.
The recent cryptocurrency, which has affected hundreds of millions of investors around the world, had a greater impact on some than others.
While Reuters reports that financial regulators “disagree on the scale of the threat posed by a cryptocurrency to the financial system and the economy as a whole,” scenarios such as those described in the viral Reddit post have become more and more common.
Throughout the comment section of the post, the Redditors assured the original poster that he had no way of knowing the seriousness of his brother-in-law’s crypto loss, arguing that his joke that his family became millionaires should do no harm.
“You did not know it at first,” wrote Redditor u / patjames904 in the top comment of the post, which received more than 8,400 votes.
“Secondly, after he was so delighted, there had to be some joy for you, which is understandable,” they added, acknowledging the poetic justice of the situation.
In a separate comment that received more than 2,000 votes, Redditor u / pookguyinc offered a similar response.
“[Not the a**hole]”, write.” They did not know he was being pressured [crypto] and lost my homeland. ”
“Totally agree,” added Redditor u / DontBAfraidOfTheEdge. “Given the market, it was a fairly small joke about someone throwing [$10,000] With some officers … you obviously did not think the guy was stupid enough to flood his house. “
Redditor u / 10sharks, whose comment garnered nearly 2,000 votes, speculated that the original poster’s brother-in-law is like many other image-obsessed investors.
“The people who talk the most about their money are often the people who spend too much money to convey an image,” they wrote.
news week contacted u / anticryptobro for comment.