Suicidal ideation

[Patatas]

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?

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.

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[Kakmakr]

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.>  

[Mainman08]

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.

[cfif123]

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

[kodtycoon]

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?

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.

[gabbie2010]

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

[131tc01n]

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

[jakasantosa]

somebody who bought 1BTC

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.

what advise will you offer to such a person?

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.

[Ludmilla_rose1995]

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

[aad140386]

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 "

[andi_wahid]

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.

[delphic]

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.

[novikov433]

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.

[aray80]

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.

[greeklogos]

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.

[GaPR]

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.

[bolbau]

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.

[Initscri]

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".

[hvezdasmrti]

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.

[kakonhat]

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?

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.