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In the wake of this week's crash, the top post in the Reddit forum /r/CryptoCurrency was about how to contact a suicide hotline, apparently a response to distress on the part of recent investors.

Some economists say this is a familiar pattern.

"Twenty years ago, the technology stocks and new Internet stocks achieved an excess valuation of $7 trillion because of speculation," said David Kotok, chairman and chief investment officer of Cumberland Advisors. "The prices of shares were bid up to very high levels. When they collapsed, investors ... they got very hurt. We see similar characteristics in cryptocurrencies right now."

Bitcoin investors know this trend as well.

"I think [cryptocurrencies] are highly speculative," Kotok said. "Putting money into cryptocurrencies is a speculative thing to do. You might make a profit, but what we are seeing is people who — in the last month or two — put money into bitcoin, are having trouble getting cash back when they sell and are now watching the price fall and panicking."

Read the complete article at WPSU Radio