Suicide due to losses due to investment in virtual currency

[biboy]

People who are engaged in crypto activities should be very stress-resistant and have iron nerves, since this sphere is unstable and has great risks. And you should be morally prepared for the fact that there is a chance of losing your money.

Well, sometimes we should find some time not to see the graph or the price so they that it won't create any heartaches in our life, and if you are having your own job, just limit your time here in forum, have enough rest. If you find that you are good here much better if you quit your job that losing your life.

[nethan1btc]

People who are engaged in crypto activities should be very stress-resistant and have iron nerves, since this sphere is unstable and has great risks. And you should be morally prepared for the fact that there is a chance of losing your money.

You have a point mate, but I think it will depends on our attitude and mental ability. Base on my experience of huge losses, it feel so disappointed and feels so anger but I didn't think to attempt any suicide since I love to live in the world with my love ones. Hopefully each and everyone of us may think many times that suicidal act is not a key to resolved our losses, hopefully it served as a lesson to us.

[Barcode_]

Life is precious and he should not commit suicide due to losses in investment on crypto-currencies trading, maybe he did take out a huge loan with the bank and get into huge debt but I think he should discuss this problem with his family members, I believe his family member would help him out rather than see him committing suicide, or he can even seek professional help from counselling center in his country on his depression problem.

[rainezerr]

A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency.
it's so sad. Rest in peace.

Losing a huge amount of profit is very painful, there are a lot of people in the market who are losing a huge amount of profit when there is a huge down time so the best thing not to lose profit is to always read the speculations on when is the best time to invest in order to reduce the probability of losing your profit.

[Catch-22]

Don't go all or nothing. The man gambled big time and lost, nothing is ever worth ones life.

[Danielavgonz]

Life is precious and he should not commit suicide due to losses in investment on crypto-currencies trading, maybe he did take out a huge loan with the bank and get into huge debt but I think he should discuss this problem with his family members, I believe his family member would help him out rather than see him committing suicide, or he can even seek professional help from counselling center in his country on his depression problem.

Poor boy!! I bet he got a huge loan with the bank too

[niharpradhan]

It's really heartbreaking to read these posts. Life is much beyond crypto or anything. Please save your precious lives.

[Lannie25]

Its very wrong to commit suicide. You're such a crazy person if you will attempt to suicide. Suicide is not the solution to overcome your losses.
Instead, make an investment again to recover your losses. Wait patiently until the value of bitcoin has been raise up.

[Sean25pogi]

Actually that is the big problem and I think the investor should bother too much about it because the loss is a part of the process ad always consider ourselves that we are always lucky enough.

[pelipurlara]

loss is not the answer to commit suicide. Because you can earn money using bitcoin . and in here you will never loss your invest but your investment will be earn or your investment will grow your money fast. God create us not to suicide but god create us to live and be happy in life with bitcoin.

Anything that has real value can affect your life in a good or bad way. Crypto is just another form of investment and losing all your money can take you to the edge and make this stupid decision. Many people kill themselves after losing a job and can not find a new one, unable to pay for their family's food or lose their home.

[ramgonzales]

As much as I would like to understand this poor student's action, suicide is just something I can't take. You are investing so you know that there are risks that comes with it, so be strong enough to handle it if it doesn't work as planned. That's why you have to really be financially, emotionally, mentally ready for the outcome of your actions, just invest the amount that you can lose. if you think you lost some, then you still have a life a ahead of you, go rise up, learn from your mistakes and fight again.

[kumar jabodah]

Suicide is not the reason for the problem. It is difficult to accept such events but I do not think so much about what he will do. So I advise people who are sensitive and newbie to crypto currency, Losses include investment in crypto. There are things we must do, And that is the knowledge. And that's nothing to him.

We can cut losses!
And buy again? Why?

Because he does not have enough knowledge,

[MeganHeverin]

If youth join the crypto world. Families should also be careful of their children and do not let their children trade. Either they lose or win they can make silly things like this or stop going to school and others. Cool

[BitcSeo]

Sad to hear thou but, who taught most of these geek investment without risk management. First they need to be taught on  how to handle the risk (risk management curve )

☞Folks there is always RISK whether in or outside crypto-currency.

My advice is this; donot invest MORE than you can afford to bear in case of lost


Thanks

[West0813]

The lesson here is don't invest more than you could afford to lose. And before tou invest in something. Always be ready for the worst thing that may happen. I think this guy don't know what his doing so he lost that huge amount of money.

[Firefox07]

Poor guy. Why he take his own life? I don't know what is the feeling of being depress. This is cryptocurrency you don't know what will happen to the coin that your invested in. So make sure that you are ready to face the consequence of your actions. And make sure that tje coin you invested in is good. I think this guy is not patient enough. He couldn't wait for his crypto to pump again.

[lyks15]

That was so bad. You dont have to kill your self or commit to suicide just because you loss your investment in virtual currency or in any type of investment. Just remember that life is a great gift from God so you need to keep and value it. And always remember that bitcoin is like a business once you get involve you are already engage in a big risk so at the beggining you should accept that you already take a big risk and responsibility for every business or bitcoin transactions that you do. I think that is the lesson that we all know that we are working or doing business to live not to die.

[Samj16]

This is really heartbreaking news. Of course losing your hard earned money is definetly depressing,however it is not a reason to end up your life. It is really hard if someone get depressed they dont know what to do. Yes we need money but as an individual lets always think that money should not rule us. There are ways to earn it. Commiting suicide is a big sin.

[RudeeTam]

That is the danger with investments that are easy to get into like cryptocurrency. Sometimes, a person is not yet prepared for the kind of trauma from losing too much or their hard earned money. Nobody prepared them for it. Just got too excited to earn without thinking about the possible negative outcome. Unlike other investments wherein you need to go through the proper channels like brokers in stock exchange who can teach you the risks.

[buhchain]

Bitcoin is a way of investing, its price is not stable, the risk is certainly there, and so are other cryptocurrencies. Once in the cryptocurrency market, there is pressure to take risks. If you do not have a deep understanding of cryptocurrencies, do not make large investments. Students have limited financial capacity and should be cautious about investing.