“I knew it was a risk, but I saw so many people making money fast off crypto and thought it would be a good idea to invest,” Jensen, now 30, told The Post.

Jensen, who lives in Washington Heights and works in digital advertising, allocated $15,000 of his initial investment to the cryptocurrency Cardano when the coin price was nearing $2. He watched its value rise: “It went to $3 and I almost doubled [my investment]. Then the value stayed at $2 for a few months. I held it, thinking it would just keep going up.”

Turns out, he was wrong. Average young investors like Jensen went all in on crypto in the hopes of quickly making bank, cashing out and buying a home, car or business — or even retire. It all came crashing down in this month’s crypto-market bloodbath — losing nearly $2 trillion in value — with some investors losing everything.

As of press time, a Cardano share was going for 55 cents, making Jensen’s investment worth about $3,000. And he’s saddled with debt because he borrowed $5,000 against his credit card to invest in more Cardano before the market crashed. Now, a return on his investments seems like a lifetime away.

Jensen was left having to explain the market loss to his longtime partner, as well as park his plan of buying a car this summer.

“I didn’t sleep for a couple of days,” Jensen said of watching the price plummet on Cardano and Ethereum this month. “I’d wake up with insane anxiety,” he added, noting that he felt “depressed” by the dismal downward turn of both currencies.

“And inflation is making cars and homes even more expensive and even harder to get,” said Jensen, who has lost a total of $15,000.

“Not only do I not have profits from Cardano, but I also have more credit card debt,” he said, adding that he’ll have to put his home buying on pause until he can pay off his debt.

Still, Jensen does see one silver lining: “You’d be at my funeral if I invested in Luna,” he said, referring the cryptocurrency that lost more than 99% of its value.

Some investors were left devastated by the Luna collapse. “My friend and ex-colleague … tried to commit suicide this morning,” one Reddit user posted earlier this month. “He basically moved all of his savings to crypto in 2021 and LUNA was a massive player in his portfolio.”

Another despondent Reddit user said he retired at 20, having made $4.6 million trading off an initial $15,000 investment — only to dump “all but $10K” back into the crypto exchange.

“$4,600,000 into $500 in the matter of weeks,” the former millionaire wrote. “I’m not sure if or how i’ll recover. I lost everything.”

Chris Panteli, 35, planned on using his crypto earnings to help pivot to remote-only work. After getting diagnosed with Type 1 diabetes at age 33, “I knew I would need a less physically demanding job for the years ahead,” the UK resident told The Post.

He had planned to sell his family-owned fish-and-chips business and use crypto earnings to stay afloat as he got his personal-finance tracker, LifeUpswing.com, off the ground.

“The income is less stable than my previous work, and while still very good, I am also spending a lot to grow it,” said Panteli, who is still looking for a buyer for his brick-and-mortar shop.

But with the crash, he ended up down more than $6,000 on his investments in Strong, Bitcoin and Ethereum — a significant amount of his savings.

“I kept thinking, ‘This has to stop bleeding at some point, right?’” Panteli said, noting that his crypto investments now equal only $2,000.

Others are luckier. Rachel Siegel, 29, a former substitute teacher who became a crypto millionaire, started investing in 2017 with just $25 a week. The crypto influencer from the Lower East Side, who says her investments have resulted in profits in the low seven figures (she declined to give an exact amount), didn’t get crushed in the crypto crash, but she did lose out on Luna.

“I had $3,000 turn to less than a penny,” Siegel told The Post. “I know people who had millions of dollars turn into $2,000. It was devastating.”

And Siegel, who’s primarily in Bitcoin and Ethereum, conceded: “From the top of the market I have lost a lot of money.”

She stressed the importance of diversifying one’s portfolio, a lesson she says she’ll keep preaching to her nearly 200,000 social-media followers.

“I’m intelligent enough in my investments to know not to have too much of my money in one place,” she said.

Jensen, meanwhile, hopes to ride out the downturn.

“I’m trying to have more of a long-term vision than a shorter one,” he said. “If I cash out now and tomorrow the price skyrockets, that’s just even worse than watching the price go down in the first place.”

https://nypost.com/2022/05/23/investors-lose-big-in-crypto-crash-i-didnt-sleep-for-days

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44569210)

Redditors: losing sleep after borrowing money to lose 75% to 100%

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44569224)

https://nypost.com/wp-content/uploads/sites/2/2022/05/220523_Yang_NYP_Features___Crypto_Trading_16.jpg

invested everything he had, took out credit card debt to buy the dip, and watched his Cardano investment go from $2 to 0.50c using 5 screens. incredible.

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44569230)

Nocoiners: High fiving each other and gleefully bumping this thread right now.

Also nocoiners: "What thread? Huh? Take your medicine, retard, you sound like a fucking psycho" in 2-3 years. (Haha just kidding, because THIS TIME it's gonna be totally different, not like all of those other times where we have played this game for the last decade.)

Me: Poasting at both times to call it all out and getting called a "fucking idiot" or a "total faggot" for my troubles by people who are obviously waaaaaaaaaaaaaaaaaaaaaaay smarter than me even though they were "too principled" to make tons of money in crypto (also they seriously expect you to believe that explanation, btw).

Haha yeah! XO!

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44570721)

Benzo: "The two biggest idiots in this thread ar--"

Let me stop you right there, hoss.

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44572227)

So when are "you" coming for the guns?

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44572266)

And then they got hacked by none other than North fucking Korea for 640m ljl

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44572229)

Dude is a 180 bro though he could sell a fucking air conditioner in Alaska

Used to be my weed dealer in college, got arrested, somehow kept the drug money & made a killing investing w/ it

He was working w/ me and this other friend after college, then got fired after we all hung out for labor day and the next day he claimed he was sick and was seen by my friend's gf smoking weed in the park next to our place. That was the last straw and he got fired

(A few months prior, when we had layoffs after we lost a client, he strolled into the office at 11:30am in pajamas, "worked" for 30 min, then took an hour long lunch, and then spent the rest of the day watching NEtflix lmfao)

The day he got fired I had to take him to a strip club after railing coke in the office for the last time, dude ended up ordering pizza there and shared pizza w/ a stripper while getting a lap dance

Dude then started streaming cryptokitties related shit on Discord after he got fired, and I'd introduced him to Eth after reading about it on the bort. Went HARD into it, keeping us all awake as he's streaming into like 5 am, I remember getting really pissed at him and he was like "I'm a celebrity here bro"

Then he ghosted his then-gf who was basically a junkie on a fuckton of benzos and adderall, and just dipped to Vietnam to join this group of devs who didnt like where cryptokitties was going and started his own company there

Then they went big around 2021, and became a billionaire for a bit when AXS was at ~$150 in November 2021

Dude is one crazy mfer lmao

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44572286)

(I wish I hadn’t seen his reddit handle but jesus christ the dude is into some kinky shit lmao. Talked about how his gf wanted him to raep her in her sleep and how he’d done it multiple times and they also had some breeding fantasy going on lmaooo)

Told him asap he needs to delete all of his old social media before starting the company

I should demand like $5m just for that tbh

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44572656)

Not like I actually demanded money or anything

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44573219)

Still don’t understand how something that’s supposed to be a currency also is expected to be an investment.

Only use is for illegal/shady shit like offshore betting, deugs, rogue states like North Korea or worse cp

The LUNA dude better pull a Eichmann and change his name and just hie to a 3rd world country

(http://www.autoadmit.com/thread.php?thread_id=5116305&forum_id=2#44575023)