/biz/ - Business & Finance

I have 0 debt, and in fact have 40kUSD in my savings account(from an insurance settlement for a totaled car) . I never fell for the student loan meme or credit card debt meme.

But I unironically just met someone(a friend of a friend) a few days ago who took out a 20k USD personal loan for bitcoin in December when it was almost at its peak and got scammed when he tried to sell it a few weeks later and LOST the coins when he tried to trade it outside of an exchange.

I legitimately thought he was joking/lying since it sounded like a reddit tier story. But my friend (who is coworkers with the guy) told me he was crying the entire day he was at work when he lost it and had to be sent home kek. Went from having 100k in bitcoin to owing the bank 20k he didn't have in a month...