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When bitcoin plunges, Buttcoin cheers: the online community praying for the end of crypto

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A Reddit subforum for people who are horrified by the proliferation of crypto scams and pyramid schemes pokes fun at cryptocurrencyAs bitcoin plunged below $20,000 in mid-June, many cryptocurrency users were distraught over massive losses – with some reporting they had lost their life savings. But one corner of the internet was cheering: Buttcoin, a Reddit subforum launched in 2011 to poke fun at cryptocurrency.“I’m addicted, I need help,” read one popular post. “I just love watching line go down too much. I always tell myself ‘after it breaks through this next support line, you’ ...

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