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Author Topic: Suicide due to losses due to investment in virtual currency  (Read 2410 times)
Eros1on
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April 05, 2018, 03:32:27 PM
 #401

Investment is a risk. You must measure your ability to absorb losses before investing.


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April 06, 2018, 08:32:16 AM
 #402

So sad to hear about that. Someone should have helped him. Money can be earned as it is a common thing. Life is precious and cannot be bought by money. RIP

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matthewtherry
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April 06, 2018, 08:55:41 AM
 #403

Suicides happen every single day and people who commit suicide always have weird reasons for doing it
BlackSeaConqueror
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April 06, 2018, 09:03:56 AM
 #404

This fanaticism frightens. Therefore, it is not for nothing that wise people say that "it refers to matters especially material ones with a cold mind".
MorganFreemanBeard
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April 06, 2018, 09:04:18 AM
 #405

cryptocurrency is very influential on real life
  think about losing that much money that is not depressed. The decision taken by the youth is also wrong because he can wait a while until the price recovers.
Britanshio
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April 06, 2018, 11:52:41 AM
 #406

Sad
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.
Rest in Peace my friend.I hope whatever happened we dont have to come up to make a suicide because its mortal sin.We dont have to do it because everything is possible if we dont surrender to achieve our goals.
beej
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April 06, 2018, 12:31:02 PM
 #407

Suicide is one's own choice. Never ever you should judge someone on this. This is his life and not yours. World is full of sh*t today so I fully understand him. Hopefully he will find better life on the other side.

That's just too sad of a news, some people take it more painfully and deeply than others.
It's a real tragedy, I can't help but wonder if someone intervened and talked to that guy,
things might been different and a life would be saved. We all know how cryptocurrency and our
investments means to us, it's a money making market after all. I think aside from prioritizing
money and profits, life is a more precious thing that exceeds monetary value and standing.
We might lose money today but tomorrow or next week or even a month is another opportunity
and chance to get it back or start anew. As long as we live, opportunities will always be there.
Stay positive everyone.
Sweetbtc
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April 07, 2018, 05:44:49 PM
 #408

Sad
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.

This is why all the crypto experts says that Do not invest in the digital coins unless you have the money to hold or lose. Bitcoins can give us high profits but at the same time the chances of loss are also high and therefore one should know the good and bad effects of its investment.
I also feel sorry for him.You never know how much he would be in need of money that he committed suicide.

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multimix
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April 08, 2018, 08:03:53 PM
 #409

Never a nice piece of news whenever we hear someone decides to end his/her life. Investing in bitcoin are no difference in investing in stock market or commodities dso the element of risk will always be there. Similar to many posting here, its not advisable to invest everything you had in one item cos it could break you.
Arkham Knight
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April 09, 2018, 07:37:31 AM
 #410

I bet he was so excited last year on investing on crypto and he put all his money without any hesitation. That is really the big problem with people entering this market. They should only put a small percentage. It's better if  you only receive a smaller profit because of of small investments rather than going big and then getting very depressed when it crashed.
jpnl0003
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April 09, 2018, 07:50:16 AM
 #411

i always advice people to make investments or contributions to crypto currency or virtual currency to the amount they can do without just in case anything goes wrong. those people committing suicide obviously didn't get to know what the blockchain technology is all about and how it works. the prices are not fixed or static, they change with global occurrences and events and also trading actions, those are factors that should be considered before considering an investments in crypto related opportunities.
Raziel444
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April 09, 2018, 08:07:50 AM
 #412

Sad to hear that lives are taken because of not being able to handle losses from crypto currencies. We must remember that  if we invest in crypto currencies, we should prépare for the risks that goes with it. Mentally, emotionally and physically we have prepared ourselves before we invest because not only in bitcoin or alts that losses may happen but even in other forms of investments so that a lot of self preparation should be done first.
vladimirjune
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April 09, 2018, 08:15:38 AM
 #413

That's so sad, knowing that depression kills. it's common in cryptocurrency investor to get depressed. That's is why before i enter this industry i already expect all the worst scenario that could possibly happen.
MAJICOIN
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April 09, 2018, 09:04:52 AM
 #414

I don't think so that this make a sense because if you are not able to know the losses then how you will survive in the future and wining and losses and investment for future is a good way and suicide is the illegal activity and if you do this then you are such a loser if you lose one time the world is not finished and you will succeed in other investment.

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xraisers
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April 09, 2018, 10:17:48 PM
 #415

This is not the way forward, some people are planning to sell their houses for crypto, investing all their live savings in bitcoins. It is completely normal to have such a deadly outcome. Sorry for the guy, but he is not the first one and differently not the last one who done something that he was not prepared to. When you invest in such things and you have no knowledge about the risk management you have to consider the investment lost, if you really lose it it won't hurt that much because you was prepared for it, but if you get some profit out of it, this is good. Take out what you have invested so you will be on 0 and then risk as much as you want.
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April 09, 2018, 10:49:17 PM
 #416

Let's be clear, 8 simple requirements in you which you should consider before you get into crypto.

1. do not involve yourself in crypto space if you have a weak heart.
2. do not invest more than you can afford to lose
3. do not invest in crypto by acquiring a loan locally or online, only proceed with this if you have a second way to repay the loan.
4. do not be a greedy dude - learn to control it. It's a nasty thing inside us. We can't see it, but it destroys us.
5. do not be an impatience dude - patience is the main weapon in crypto space.
6. do not give up
7. do not give up
8. do not give up

Rest in peace brother, but I would like to say you were just 20.  Cry
You could have earned more than what you have lost because you had a whole life ahead which you have ruined with your own hand.
jenisgiri
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April 09, 2018, 11:09:33 PM
 #417

i also hear that story its so sad but crypto is high risk market people should invest how much they happy to loose rest in pease
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April 09, 2018, 11:40:32 PM
 #418

We all see a lot of people committing suicide because of investment failure, and most of them are older people!

There are very few college students in their twenties, and they have a long time to earn in their twenties!

Pitiful!

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April 11, 2018, 11:52:29 AM
 #419

That's is what we call stupidity of the highest rank,  or maybe the person was having mental issues from the effect of smoking too much weed,  how can one commit suicide  for a currency that haven't even collapse yet,  pleasewe need to start informing the people we bring into the crypto sphere not just about the benefit of crypto but even about the risk.
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April 11, 2018, 12:25:08 PM
 #420

That's a breakable news to everyone, but this is not a way to move on. Investment not only defines that you can gain a profit of it but sometimes you can be lose or win. So you have to accept it what possible to be happen. Dont do this at all because this can't help to your family however it can be a problem and grieving for this happening.
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