A man shot himself on live stream after Losing his money to a menacing rug

[sotelorene]

This stuff is getting way at of hand , there are too many rug pulling now and days especially in solana meme coin, that’s why kept telling folks to stay away from meme coin trading, especially if you know that you can’t handle losses , the painful truth is that there still project at there that are getting ready to rug some folks of their funds .
This space is not a friendly place you can make money from it you can also lose from it .there might be other reasons added why he took his life but still memes trading not advisable at all, and please be safe at there.

The link to access the post : https://x.com/waverchocs/status/1893308084136620295?t=fH9jbo68QoRY6VWAP7SzGA&s=19

The best way to go about memecoins is by trading it and not holding so anyone who is not ready and can not afford to loss money should not even think of playing with memecoins because it is very risky whether trading or investing and the risky part of it is to invest in it. Even as  folks are making loss and killing themselves, there are also people who are making a reasonable amount of money from it and one of the thing that makes people... Is greed, instead of them to use what they can afford to lose they will go an use what they can not afford to loss and some people sometimes went to borrow to trade, for something wey them know say e no dey certain.

[nelson4lov]

After all the struggles to invest in the memecoin he still took his life. May his soul rest in peace. If i am a member of his family i wont cry or care to do a funeral for him. To be honest.

Imo, he was wrong to take his own life but at the end of the day, he chose to take the high risk <> high reward route rather than buy majors and profit slowly. ~Snipped

He is one of those folks who will rather die than live to start paying debt or be completely broke knowing he throw away his money to nothing due to ignorance. I know how far people go to take money in investing in coins because of instant promised profits.

Well, he's at fault to go after such a high risky venture because with memecoins, you either make it or you don't. I know how tough it can be to start from scratch and he probably thought that he won't be able to do it and ended it short.

For me, I believe everything is possible as long as one shows up everyday and try to be better. He might have put himself on a better path after the loss if he had found a job and take it slowly from there to rebuild himself but he didn't.

[Yucky]

I don't know why people keep doing this, even after series of warnings that you don't go all in into meme coins or any coin that doesn't have a history. Even with bitcoins, you are being advised to use DCA method, so you get to trust the coin over time. Yet, people don't listen.

Don't invest more than you can lose. Don't use your last money or your survival money to invest. Let it be spare money if you just want to try out the coin. But for some reason, we keep making the same mistakes, and lives have been lost because of coins.

And yes, all the hype you see around these meme coins and shit coins are just influencers who are being paid, and they are doing their job, that's it. What do you expect an influencer who is being paid to hype to do if not hype.

It's really sad. Let's start taking our own advice more seriously than just dishing it out. It seems most of us just drop advice in threads, but we don't take it.

[Cryptomultiplier]

Well, am very certain that this person who committed suicide lost a lot of funds. The funds am sure isn't his or it was meant for other purposes but he somehow believed that this particular meme coins would make him cash out big time only to be rug pulled and left dry to hang.
 
The truth is that no cryptocurrency is even absolute, but we trust Bitcoin more because it has withstood alot of test and upheavels and has both made history with the precision of its mathematical calculations and the excellence of delivery.
 Bitcoin made the ancient DCA strategy once again popular and am sure it is superior in this region above other altcoins and meme coins when it comes to investment for both long term and short term returns.

[AmaGold70]

This stuff is getting way at of hand , there are too many rug pulling now and days especially in solana meme coin, that’s why kept telling folks to stay away from meme coin trading, especially if you know that you can’t handle losses , the painful truth is that there still project at there that are getting ready to rug some folks of their funds .
This space is not a friendly place you can make money from it you can also lose from it .there might be other reasons added why he took his life but still memes trading not advisable at all, and please be safe at there.

The link to access the post : https://x.com/waverchocs/status/1893308084136620295?t=fH9jbo68QoRY6VWAP7SzGA&s=19

The worst thing that could happen to anyone is losing a huge fund, getting involved with cryptocurrency requires a lot of emotional intelligence to be able to make informed decisions in term of losses. There are a lot of wolves in sheep's clothing waiting to take advantage of unsuspecting traders and we all must be careful out there. It's quite unfortunate that he had to take his own life which obviously wasn't the best way to handle the loss. Crypto is definitely not for people who can't handle losses, it's just very devastating to hear that someone lost their hard earned money and losing their lives too. People should stop putting all of their funds in meme coins or any other shit coins, even in Bitcoin that has been recognized all over the world we still use safe strategy to invest, talk more of other coins that has no meaningful history.

[Bravethug]

This stuff is getting way at of hand , there are too many rug pulling now and days especially in solana meme coin, that’s why kept telling folks to stay away from meme coin trading, especially if you know that you can’t handle losses , the painful truth is that there still project at there that are getting ready to rug some folks of their funds .
This space is not a friendly place you can make money from it you can also lose from it .there might be other reasons added why he took his life but still memes trading not advisable at all, and please be safe at there.

The link to access the post : https://x.com/waverchocs/status/1893308084136620295?t=fH9jbo68QoRY6VWAP7SzGA&s=19

The worst thing that could happen to anyone is losing a huge fund, getting involved with cryptocurrency requires a lot of emotional intelligence to be able to make informed decisions in term of losses. There are a lot of wolves in sheep's clothing waiting to take advantage of unsuspecting traders and we all must be careful out there. It's quite unfortunate that he had to take his own life which obviously wasn't the best way to handle the loss. Crypto is definitely not for people who can't handle losses, it's just very devastating to hear that someone lost their hard earned money and losing their lives too. People should stop putting all of their funds in meme coins or any other shit coins, even in Bitcoin that has been recognized all over the world we still use safe strategy to invest, talk more of other coins that has no meaningful history.

In as much as we are aware that this things can happen to anybody, am of the opinion that people should stop taking this kind of risk that may lead them to unbearable loss, for such individual to consider taking his own life, it means he took a risk that is beyond what he can bear, why didn't he consider investing in bitcoin that has more trust than taking such uncalculated risk, I think may be doesn't have a good knowledge of bitcoin or he was chasing quick money may be thats the reason why he became a victim of such but there's no justification for anyone to take his or her own life just because they lost some amount of money that he or she may even get back in the future that's too bad, as a person that has interest or person that's already in the crypto industry, you must be very observant or careful to know when dubious elements want to strike, this is the reason why it is not even in any way advisable for anyone to invest in any other coin apart from bitcoin, am so pained about this kind of ugly event but it should also serve as a lesson to many people in the crypto industry.

[Coyster]

I don read about this matter when e happen, i no know say we been get topic about am for this local board. This na why dem dey always tell us say make we dey invest money wey we fit afford to lose, particularly when na altcoins wey you dey invest in, who no know how risky memecoins dey, you suppose know say you fit dey scammed if you dey buy memecoins, so i wonder why this person had to do this.

That said, no matter how much wey you lose, e no make sense to shoot yourself, as far life dey, you fit make more money again.