--- title: "Crypto Investors Are Creating Voice Chats Where They Just Scream and Sob" description: "Extremely Sad If you've lost an ungodly amount of money to the crypto crash and feel like screaming your brains out, we know just the place. Introducing: The \"Bear Market Screaming Therapy Group,\" a Telegram group where downtrodden everyday crypto investors go to yowl, shout, and sob their winter sorrows away. Guardian reports that there […]" date: "2022-07-13" modified: "2022-07-13" authors: - name: "Maggie Harrison Dupré" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/mharrison" url: "https://futurism.com/the-byte/crypto-investors-chats-scream-sob" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "crypto" - "cryptocurrency" - "the digest" --- # Crypto Investors Are Creating Voice Chats Where They Just Scream and Sob ![Introducing: The "Bear Market Screaming Therapy Group," a Telegram group where downtrodden everyday crypto investors go to scream crypto winter woes away.]() *Spontaneous and loving photo of a handsome bearded therapist sitting and giving a support to his client sitting across, crying and stressed. Holding his shoulder and embracing his emotions Both stylishly dressed, on the topic. \Image: Getty Images\* ## Extremely Sad If you've lost an ungodly amount of money to the [crypto crash]() and feel like screaming your brains out, we know just the place. Introducing: The "Bear Market Screaming Therapy Group," a Telegram group where downtrodden everyday crypto investors go to yowl, shout, and sob their [winter sorrows]() away. The [*Guardian* reports that]() there are over 3,000 individuals in the chat, created by a 30-year-old investor named Giulio, who declined to provide the newspaper with his last name. "I had a few people lamenting and crying," Guilio told the publication. "I decided not to ban them. I felt bad. They weren't even able to scream anymore. They were just sobbing." ## Eeeeeeeeee Upon entering the online space, the *Guardian*'s Sirin Kale described hearing shrieking "eeeeeeeeee" and rumbling "waahahahah" noises, amongst other crypto-induced "howls" and "sharp shrieks of pain." If we were in their shoes, we'd certainly feel the same. The spiral has been truly horrific. Exchanges [and hedge funds]() worldwide are [proving insolvent](), while digital assets across the board are announcing [record losses]() in value. And as the market [continues to crumble](), regular joes who cashed into the currencies — many of whom were new to the investing game — are being hit incredibly hard. Kale spoke to a number of amateur investors who bought big into crypto, some of them explaining that the [cult-like nature]() of the tech is what sucked them into the supposed digital gold mine. "They call it 'being an alpha.' You have to be on Twitter, and follow the right people, and be in the right Discord channel," said 41-year-old engineer and personal finance YouTuber Alex-Koh, adding that he'd lost enough money to buy a four-room London home. "You listen to the right chatrooms. It makes you feel so special." The cryptosphere has, perhaps, proven to be the Wild West after all — because it's brutal out there, and people have gotten hurt. But at the end of the day, at least [screaming it out]() is healthier than [running away](). **READ MORE:** [*'They couldn't even scream any more. They were just sobbing': the amateur investors ruined by the crypto crash*]() \[*The Guardian*\] **More on crypto:** [*Crypto Hedge Fund Founders Abandon Hq and Disappear after Implosion*]() ## Author At Futurism, I've reported extensively on the rise of AI as a cultural and business force shaping the media industry, and more broadly how those dynamics are changing how we all consume and share information and relate to one another. I'm also fascinated by public health policy and ethics, the role of emerging tech in politics and governance — and the powerful people and forces at those intersections — climate change, and the environment. My investigation on Sports Illustrated's use of AI-generated authors with fictional biographies won a 2024 Mirror Award for "Best Story on Media Coverage of Artificial Intelligence in Journalism and the Media" from Syracuse University's SI Newhouse School, I contributed to Niemen Lab's 2025 Predictions for Journalism series, and I've discussed my work for Futurism during appearances on NPR, CNN, the BBC, the CBC, and more. I grew up in rural Pennsylvania and attended the University of Massachusetts Amherst, where I played Division I field hockey for the Minutewomen as a midfielder. Since then, I've lived in New Orleans, Louisiana and Manhattan, New York. I spend my free time running, reading, perusing archival fashion, and searching for the world’s best negroni. I also have a debonair tuxedo cat, Westley, who's named after "The Princess Bride." ### Author social links [Bluesky]()