Bitcoin Forum

We are humans and for that matter, we are bound to all forms of psychological trauma when something is not going well. I have been wondering what some people who bought bitcoin since last year and early part of this year might be going through. For instance, somebody who bought 1BTC as at last year and he or she is in possession of it up till date, what do you think such a person might want to do to him or herself now that bitcoin has drain so heavily. I think such a person might be psychologically lacerated and thinking committing suicide. What do you also think and what advise will you offer to such a person?

Friend, the best advice I can give you is that money is not all of life.
You have family, have friends, and there are many things in the world that can attract you to do，why are you so pessimistic?
I have failed in investment many times. When I had nothing, I felt desperate, but I was always able to adjust my mentality in the shortest possible time. I will tell myself that the world is so beautiful, there are still a lot of interesting things waiting for me to discover, I should embrace failure, stand up again and enjoy life.
Don't care too much about your money. If you don't have money, you can earn it again, but life only once.

Consult a doctor....

Suicide shouldn't be a taboo topic, these people need help and communication help a lot. It can happen to anyone but we don't have the same resistance.

Just don't look at the value of bitcoin every day. If it kills you, forget about your bitcoin for a year or two. In the future, it is sure to grow in price. This is not the first and not the last drop in price. Bitcoin is gold.

I think suicide is a very excessive decision, but I have read a news that there really is someone who did it when he lost a lot in trading. Keep being wise in making decisions accordingly if you are going to invest or trade.

That is over acting because your life is not depending on money and losing someone says losing/failure is part of being successful so that if you invest or trade for long term you money when the value of bitcoin was high and now it fall.

So my friend my advice to you was don't  give up that is not the end of your life you can be a successful just be patient because bitcoin value will rise again after this year of falling.

gamblers are always having emotional and psychological problems and they need professional help. it has nothing to do with bitcoin, not even with its price drop! these people had the same issues last year too. they gamble with their money and have no idea what they are doing so they lose money.
if you buy something without knowing why you are buying it then you are in their category and you need professional help. but if you bought bitcoin while having a good reason for it then you are not worried right now! specially since a wise person invests what they can afford to lose.

Any investment shouldn't lead someone to committing suicide.  If someone is in the situation that you spoke of then there's a lot more at play than just the fact that they have lost out on an investment, because that's not worthy of ending your life over. Anyone feeling that way is not in right mind and needs to seek help through whatever method they see fit.

I hope this man isn't you. In any case, we must remain sane and understand that the loss of money is not the end of life. They come and go. In its place, I would start to study the market, so that in the future this did not happen. In any case, it is very stupid to worry about money, they are not worth it. I would advise you to look at it from the other side. In addition, not all funds are lost, but only a part that can be quickly restored.

It has happened before, i think it is south korea where someone committed suicide after over investing in crypto and watching those prices plummet. Sad, but prices will recover, just have patience and hodl

There have already been a lot of crypto related suicides.  I know someone in real life that already killed themselves over crypto losses.  It's really sad and people have committed suicide over much smaller loses.  These market manipulators have no morals and will gladly play with people's savings just so they can make a few extra bucks.

Life is a little walk before a big sleep.Do you really want to interrupt the already short life path because of some coins?In the world there are a lot of people who are sick with incurable diseases and yet they do not give up and enjoy life.If thoughts of suicide do not go out of your mind, then you definitely need to reconsider your life guidelines.Whatever your losses, they are not worth your life.

I would say that life is still long, and suicide is not the solution. Bitcoin isn't over yet and still has hope to grow again.

As long as their is Life , their is Hope.  :)

But also learn from past mistakes , don't repeat them.  :)

It really depends on the person taking the risk. As long as you can afford to lose what you invested then there's really no drama will be involved. People who truly believes in bitcoin and do long term investment will surely profit. This sudden dip is caused by the BCH fork drama. Eventually the market will correct itself and the value of bitcoin will soon recover.

Only the weak hands will lose in these kinds of situation of the crypto market. Whales are laughing at those emotional investors who panic sells everything they have. This is clearly a sign that there's a huge number of investors who are trying to dump their btc.

Yes, the person might experience a psychological trauma but I don't think it will get to a point that he/she is contemplating of committing suicide. In any case, that person needs to consult a doctor. Or better yet call a suicide prevention hotlines, I'm sure that every country has one so reach out before its too late.

Yes, I think it may have a negative impact on the human psyche. But he has to know what he's doing. Had to take all the risks into account. Such a person just needs to study more information about bitcoin, so that he understands that this is not the end and he should wait a little to get his money back.

For such a person, I would advise to reconsider priorities in order to understand what is important and what isn't. In the 21st century, it's impossible to react to financial losses. In our world, people get richer so quickly and become so impoverished so rapidly that every miracle can happen to everyone. It's necessary to change the outlook.

This is not the worst situation that can happen. I read about a case where some people stole all his bitcoins from one man. He couldn't handle it and committed suicide. I think that not everyone would be able to cope with this situation. And if the price just falls, there's nothing wrong with that. She'll soon be able to grow up again. No need to worry about that.

we monitor or see the price of the coin, but I don't think that often, because every time the price can change. so sometimes it makes us feel confused about all that. so we now have to make a new strategy so we don't doubt Bitcoin.

I've heard many news of people commiting suicide but my advice to them is that money isn't everything, if they ever feel the need of commiting suicide they should talk to their family and friends about it or a psychiatrist

I think that this situation may well happen. But only a beginner who has invested all his money in bitcoin and hoped for its growth can react this way and now he is in despair. Any sane person should understand and assess all possible risks.

In my opinion, when we want to invest in Bitcoin, we should learn about the risks that will occur if we invest in Bitcoin, so we have the knowledge to stock up when the price of Bitcoin falls very sharply as it is today. So the sense of frustration will disappear when the belief in the increase in the price of Bitcoin is high in the mind.

I believe that people who happened to invest btc at a much higher price compared to the current price would have been experiencing a stressful and psychological impact with regards to health. It's hard to accept the current market dip but people don't have any choice but to accept it the way it is happening. Better not to get affected too much as this is just temporary and do not stress yourself much with the current bear market.

I always advice everyone to buy cryptos when he has a safe backup or he could do it without having to compromise his needs.
For people who are this well off, would not be this depressed even if they bought bitcoin when it was 20k. The ebst thing they could do now is to leave it alone and wait for the time when bitcoin gets hyped again.

Those who invested in Bitcoin at its highest peak may become desperate and depress but these people need someone to talk with inorder that it will not come to the point of thinking that suicidal attitude and i think thats too much it was just money and we can still find a way to survive even if our expectations doesn't meet.

I think it is not such a serious loss to think about suicide. You just need to take it and move on. And the more the market can soon recover, then all is not lost.

As we know the Bitcoin and cryptocurrency is very volatile to invest. I agree the current market situation is quite depressive but also think about the positive side of this story, the whole story could be changed tomorrow. Who knows? I suggest him/her not to think again such stupidity. No matter what people enjoy when they see suffer especially someone is suffering financially. He/She is the only person to help himself or herself no one is going to take care of your personal things.

People with such a weak mind should not invest in crypto. crypto is a high-risk area. It is only suitable for those who truly believe in crypto and dare to take risks. If you want to commit suicide only because of the decline of bitcoin, such people are fundamental not suitable for investing in crypto or other things, he only needs to go to work to get a salary.

If a person would kill themselves for a little over $10k then they either don't value their life very much or put far too much of their worth in money. You should always only invest what you can afford to lose and certainly not bank on something as risky as bitcoin to secure your financial future. We as humans have to deal with many losses and tragedies during our time - financial, relationships, health, family deaths etc, and that's just part of life and something you need to learn to accept and deal with. Sure, it's never easy but what doesn't kill you makes you stronger. Learn from your mistakes and make sure you don't make the same ones in the future, and certainly don't value your life in monetary terms because you'll never be happy. 

Dear friend, it is certainly not pleasant to have invested 100 in Bitcoin and find yourself with 50, but as many have stated in this discussion, you must not doubt the Bitcoin, they have given it to death so many times, but it is still here.

I do not know if you are you or another person, but suicide is certainly not the solution, I can advise you to stay calm, the cryptocurrencies  are the future, many will disappear because their project will prove to be a failure, but many they  will  have successful and in the end they will become common use and one of these will surely be Bitcoin, it is only a matter of time, the world needs to know and understand, we are the pioneers, we have discovered the gold before the others, give them time to reach us.

however, people should have thought about their target at bitcoin from the start, we know the price fluctuations that can happen at any time, even when we sleep can happen. At least use the stop-loss feature to avoid the worst possibility. If we buy then hope that bitcoin will moon for no apparent reason (in a few more years) I am sure, only a few people will be strong for HOLD in this period of time.

My advice to such a person is that committing suicide is not the best and to avoid psychological trauma such a person should invest what he or she can afford to loose.

Yeah! We are just humans and we cannot control our emotion pnce we see that there is something wrong with our investment. As I can see that the price of bitcoin continuously see bitcoin dropping to its last price, my heart brokes. It brokes me because I invested in bitcoin last month because I thought it will arrive in 20K dollars before the end of this year.

in no case should such thoughts be admitted because you need to understand more precisely what exactly you are risking and what you are going to do when you buy Bitcoin

the real investor and traders need to know that when they start to invest in bitcoin and trading in bitcoin and cryptocurrency, they need to know about the risk. and right now that the risk coming to them.

It's quite tragic if it's done but if you think positively then that person will definitely not do that ridiculous thing,Having 1BTC is enough for investment everywhere even that is enough to play gambling than suicide.It's ridiculous that things don't really make sense myself buy into bullish but most are covered by my businesses other than waiting or HODL.

There is a possibility  that a person is thinking this way is inevitable but sure it is just a small percentage to worry so much, But imagine the trauma that person might think and we are talking about losing the money he invest in I think that is what most people are thinking, Well I think that a good advice for them is to keep calm and in the future the price of bitcoin will sure skyrocket and think about this crash as a great opportunity to buy and hold more bitcoin now that it is at the cheapest price, I really think this is a manipulation on the issue of exchanging bitcoin to bitcoin cash but this crash will sure recover.


And for the persons with psychological problem and depressed I think a friend to talk to and a lot of comfort is the think he need most.

in doing something we really have to know what risks we will face. because we need to know the risk of sting. so that in the future we can face these risks.

Honestly investing on huge amount of money on bitcoin in the peaked period last year while hoping to make profit but eventually the price crashed can be a serious threat to the existence of such an investors psychologically I can only advice such individuals to still keep faith and hope for a positive turn around rather than threatening to commit suicide.

I'll tell them to remember the golden rule of investing -  "Don't invest something you can't afford to lose" - This helps. The suicidal ratio will be comparatively low anyway because they can see the stats bitcoin has a history of going down and then coming back again.

People will only consider committing suicide, if they decide to sell too early. You have not lost a single cent, if you do not sell during the dip. Unfortunately people panic quickly and a 80% drop in an investment will force people to panic way too early...  ::)

This is one of the reasons why we tell people NOT to use debt to fund their Bitcoin investments and also NEVER to invest more than what you are willing to lose. <Not that anyone wants to lose money, but you should not have to go bankrupt or even consider committing suicide, if you invested widely.>  :P

People who buy bitcoin and hold till now means. He or she is always ready on what will happen on holding bitcoin for a long time. And I don't think they will take their own life because of the bitcoin drops again.

and that's what is called a true investor and trader even though the price of bitcoin often decreases but the true investor will never go away and will always be on the side of bitcoin

I don't think anyone who bought in large quantities last year like 1 BTC would end his life or commit suicide just because the market crashed. I believe they have a lot of money at least to spend 1 BTC worth of money at the time, I'm sure they will still be fine now. They have the courage to buy big at that moment, I'm sure they believe in crypto, which will soar in the future. So with the fall of the market this time I am sure it is only for a process towards the next peak.

I am very sure that some people might have borrowed huge sum of money and incurred huge debts having invested on bitcoin hoping to earn triple or more profits however the heavily bearish market had spell doom for those investors prompting them to suicidal ideation which I belief is uncalled for when there is life surely there is hope and obviously there is going to be light at the end of the tunnel

of course their psychology is not good now, but if they are people who are extremist and strong they will certainly continue to hold the bitcoin and be patient waiting until the bullrun comes in. I only specify a strategy when the trend conditions decrease like this

If the case that suffered a loss of 1 BTC then suicidal thoughts might be suicidal thoughts would be very far from that. But if the case that suffered a loss was 1000 BTC and the money to buy BTC from the moneylender would be a different story.

Advice for those who experience this. Don't have suicidal thoughts because there are still tomorrow and a future that we can still expect to be better than this.

Usually, they are new investors who are lulled by wealth for the increase in the price of bitcoin. Supposedly, when the price of Bitcoin had reached 13K USD last year, it was a warning and must be vigilant to buy. Because at that time it was the biggest bubble that could erupt at any time. If those who still save until now, there is no other choice but to wait for the next increase

I do not even know. There are a lot of disappointments in life and they happen to everyone. I think money is not the most important thing in life. I suffered a setback in the stock market, and once I lost all my money there because of my inexperience. I survived the whole range of emotions from anger and despair to dull sadness, but I survived all this and after a while I came to my senses and started trading again, but already considering previous mistakes. I encourage myself with the phrase "The one who does not do anything, achieves nothing "

people like this need attention from close relatives to encourage them not to be depressed about the situation. because this is not the end of everything.

In the issue of cryptocurrencies, you need to have strong nerves.Otherwise Suva not worth it.Business is not for the faint of heart.About suicide to think this the last deal.Especially Bitcoin.What are you thinking?Where is life and where is cryptocurrency?It is not necessary to invest the latter,it is already tired to speak,so you do not regret and do not think about this.

According to statistics, all pump when the price movement at 90 degrees to the top begin to shorts, so you need to better understand what to invest.

it will not happen even though this happens to investors who started their investments through loans, because bitcoin for 10 years has been able to rise again from its fall so there is still time to choose another path than to commit suicide to make amends.

Where is that guy who sold everything, invested in bitcoin and moved all of his family in a tent? This story is from the beginning of the year and now looks like everyone forgot of him. I can suppose how his wife is eating his brain with this, currently unsuccessfully investment.

Remember, we are all responsible for our actions in this life after death. Even if it seems naive to you. World religions are wise, claiming that we all belong to God and return to Him. Everything can be fixed before blood is shed. Do not kill yourself, do not kill others. Even if you lose all the money. Maybe Allah Almighty will save us and ease the situation.

suicide is everyone's choice, but it's definitely not the best choice. even if you lose all the money invested in bitcoin last year, that is not the end of all life. There must be trauma and psychological stress, what they need now is the support of the closest people, that there is still another way to achieve success and make money, they can start everything from scratch. in fact this is the risk that everyone must accept when they decide to invest in the crypto market.

Money != worth losing your life. It's a number or pieces of paper (if fiat).
Believe me, I've missed out on plenty of $$$ in Bitcoin, and I can without a doubt say hindsight is 20/20 and humans aren't perfect. But that doesn't mean you should end being human just because you didn't make the perfect decision.

If we made 100% right decisions all of the time, we wouldn't be human. We are inherently flawed basically.

Also, I wouldn't look at Bitcoin as a loss just as of yet. The old saying goes "It isn't a loss until you sell".

I would give one advice - to suicide, why not, this world sucks, many friends already did it (some of then unintentionally by their stupidity), but to suicide AFTER you sell all your crypto, because its advantageous for me now to dump the price so the lift can go low enough make next pump (maybe 2021-22 if lucky enough) more profitable.

Yes, it's true that he or she must be in huge pressure. But it's also true money is not big than life. Most of the times many lives depend on one life. As already someone said and he has said right. Money for people, not people for money.

Well,  before investing in crypt everyone should bear I  mind that it is an unstable coin and does not have a fixed price.  I am sure they will be going through a hell of a time right now,  but I can only advice them to take heart and be patient because better days are coming soon.

Bearish market conditions disturb human psychology, especially for those who buy BTC at the end of 2017, they are trapped, they have to hold on for a long time.

If they still believe, I think they will buy more BTC today.

even though it never happened if it was not wrong like what happened at the beginning of the beginning of 2017. there were many students who committed suicide because they suffered considerable losses. but I never had that idea bro. because suicide is not the way to solve problems

Talk to someone close to you. Don't hold it in.

Always have more than two choices, calm down and calculate carefully. Because it is your decision to live, your decision to die and I would like to correct it and you have the right to choose the direction, and do not give up. Then the price will come back, I believe in that :'(.

before they join in bitcoin and cryptocurrency they should know about the risk, and knowing the risk makes they know and ready to see the big drop right now,

I remembered and immediately regretted my actions a long time ago, sometimes I was too hard on the newcomer. even though they should be my good friends.
there are still many people who do not understand that not everyone has the same mental endurance, everyone responds in different ways and it is not his fault to be like that. this is why ma (http://hafana.com)ny depressed person eventually continue to commit suicide, because the people around him do not realize the psychic fragility of the person.

Yes, indeed, such problems can have very fatal consequences

if the person want help then help him/her, but if that person want to stay alone it's better don't try to press that person to react to you advisemntes.
But you need to have consider that suicide its a very personal choice.

Suicide is not the way out. Everyone makes mistakes, and this is not a reason to lose heart. You shouldn't be worried about this, many then made a mistake. Need not to sell, wait for the price to go up again.

Suicidal tendencies needs attention.

It should be addressed ASAP! I have a sister who had this and this is not to be taken for granted.

It started from something serious that leads to suicidal, usually they are depressed.

Suicidal ideation is a serious matter that should be addressed by people who knows how to deal with the people who are suffering from this.

Suicide by falling off course? Is it serious? To make a suicide for this reason, you have to be a very stupid person

Like i say that gun guy in usa; get help and go your local foundation house. You get food on there, if business going to hell like me  :-X

I will advise to him or her that money can be earn when you lose it, but not your life. When you lose your life, you cannot regain it back, but your money that you lose, you can actually gain it back and you can even earn more! Cheer up my friend. don't lose hope. That is the life here, you will earn some, you will lose some. The difference between a successful person here and the losers is the patience and the courage to take risks. Take gambling and trading for example.

Why do you mention gambling and trading?

It is because it is the life here. When you gamble or trade , you aren't really sure if you will win, but what is the reason you do it? It is because of the hope that you will win. Dont be pessimistic and cheer up! Learn at your mistakes and don't lose hope. You will learn many things about it and make it as a motivation to get up and start doing your best. Don't be afraid in trading (http://mkt.bitrus.com/signup/?utm_source=crowdcreate&utm_medium=agency&utm_campaign=btrs_ico&utm_content=kickoff) or gambling, don't be afraid to lose money, that courage will make you a successful person.