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Developing social channels based on exchanging a single message isnβt exactly new, of course. Back in 2014, the βYoβ app was launched with the sole purpose of enabling users to send each other the greeting βYo.β Just at this time, Bitcoin and the broader crypto market have dropped to new 2022 lows. The Bitcoin price has tanked 10 percent dropping to $20,000. On the other hand, the altcoin space is witnessing even more brutal correction. Bitcoin has dropped nearly 60 percent year-to-date and more than 70 percent since its all-time high in November 2021. Just as the Bitcoin turmoil continues, crypto traders have taken to Telegram to voice their feelings. Crypto investors can reduce their anxiety about losses by joining the βBear Market Screaming Therapy Groupβ on Telegram. On Tuesday, some local media outlets included Sing Tao Daily cited sources as saying the Hong Kong government was considering restricting access to Telegram. Privacy Commissioner for Personal Data Ada Chung told to the Legislative Council on Monday that government officials, police and lawmakers remain the targets of βdoxxingβ despite a privacy law amendment last year that criminalised the malicious disclosure of personal information. While some crypto traders move toward screaming as a coping mechanism, many mental health experts have argued that βscream therapyβ is pseudoscience. Scientific research or no, it obviously feels good.
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