Chinese Crypto Trader Committed Suicide ( lesson for all crypto traders )

[RealMalatesta]

This is cool!  $16 million worth investment is really a huge money in which i never imagine that this kind of huge figures really exist in Crypto investments. Maybe the guy is also a big whale that this time they made a wrong move to manipulate the Crypto market and lost everything.

If he is a whale, then it serves him right, I mean losing the money, but he really doesn’t deserve to die, for a guy of suchcaliber, he would have simply just run to his friend to raise him to some extent why he picks up his pieces back together and learn from his lesson.

He didn’t make the mistake of putting money into Bitcoin has investment, the simple mistake was not to trade with certain percentage and if he has to leverage at all, he would have leverage at a minimal risk that can be controlled as no one can full predict the market  no matter how pro trader such person seems to be.

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[cabron]

The only he find way out is to kill himself. It may sound very uncomfortable but that's how he see it.

Killing yourself is not a solution, it's just not an option at all.
Let's say there was an investor who trusted the person in question with a large amount, but the person is dead now, so he just spoiled his life along with another one.

The best solution (before you force yourself to do a shit thing) is to not take that much risk which you cannot afford later.
The best solution (after an unexpected incident) is to find a way out to solve the problem, no matter how long it may take - talk with your investors, convince them.

You're right about that. Of course its not a solution, its going to make things worse. However losing the money entrusted to him isn't just pennies, those people are probably going to kill him when they find out.

This is cool!  $16 million worth investment is really a huge money in which i never imagine that this kind of huge figures really exist in Crypto investments. Maybe the guy is also a big whale that this time they made a wrong move to manipulate the Crypto market and lost everything.

If he is a whale, then it serves him right, I mean losing the money, but he really doesn’t deserve to die, for a guy of suchcaliber, he would have simply just run to his friend to raise him to some extent why he picks up his pieces back together and learn from his lesson.

He didn’t make the mistake of putting money into Bitcoin has investment, the simple mistake was not to trade with certain percentage and if he has to leverage at all, he would have leverage at a minimal risk that can be controlled as no one can full predict the market  no matter how pro trader such person seems to be.

He is not a seasoned trader, probably just someone who wants to profit and convince people to entrust their money to him but failed. Seen some kind of movie like this in the past but end up funny.

[Korkorjkk]

Its sad when I hear news like this, people committing suicide because they lose a lot of money. Life is the most important thing and we have life we can rebuild whatever we have lost. This should be a lesson to all traders that we shouldn't invest too much money.

[South Park]

The first thing in the morning, the news appeared on my screen and I was like, "What? How?" Not until I've read the full article in this link and I've found out the real reason why he did that.

He actually lost 2,000 bitcoin, super duper big amount of money is involved here. Let's say the price of bitcoin now is $8,000 x 2,000 btc = $16,000,000 with a SHORT ENTRY AND HIGHEST LEVERAGE. He was liquidated because it immediately made a sideway.

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Trading may seem easy for anyone that has not tried but one of the most difficult aspects is to remain calm when you lose money, it is obvious this person was not really prepared for the consequences of losing his trades and now he has lost something even more valuable, so anyone that is thinking about becoming a trader needs to be honest with themselves, are you prepared to lose all your capital if things go wrong? If the answer is no, then do not trade since it does not matter how high is your skill level you do not have what it takes to be a trader.

[barbara44]

I don't know why some people don't think whether there is ever going to be a second chance for them before committing any suicide. That's very bad and shouldn't be done. If you're here and you're thinking of the same thing, stop it… that you lost everything doesn't mean that the world is over, that might even be the time you are about to see the biggest blessing ever come into your life.

Always give life as many chance as you can and keep on working hard. And just like the up has said, being greedy is very bad and can lead any trader to being a complete loser. Every trader should also know how to manage risk… that's very important. And stop trying to so hard, if your trade is not going well for that day, just forgetting it and wait for another day.

[BTCappu]

Such high risk investment surely leads to high mental pressure. Increase in price may lead to good profit but the same time little decrease in price can lead to high loss. The first rule to any investment is " Only invest the amount which you can afford to lose" taking such high risk is surely not recommended. I do not know truth behind this story but if this is true then its really sad. The person might have luxurious life but high greed made him to take such extreme step. Any investment in any financial market should be done with calculated risk.

The worst risk he even took was to have gone into leveraging with such huge amount of fund, he probably feels he can be faster than his shadow. I don’t support margin trade at all, I hate it with passion and I see how many trades that margin trade has really destroyed than the one it has made.

Why would someone in his right sense even put such money in cryptocurrency alone, when he would have just diversified, he could have used half for crypto and maybe any other solid assets that do not have much risk involved in it. Well, we have learned our lessons from his story and I believe that his friends would have learnt theirs too.

Margin trade is actually not that bad, there are people who has practiced this successfully and has never lost any of their trade, that is why anyone that is going into trading must really ensure that he is very sure of his trading skills, without those trading skills, such trader will go nowhere, and out of that skill is when the trader ought to know that greed is very bad, because in the case of this Chinese man, what lead him to his early grave was not the margin, if he had gone into having very low leverage, then he may not have lost all now, but I guess he probably leveraged more than what is account could control which is quite a greedy nature.

[Caladonian]

I don't know why some people don't think whether there is ever going to be a second chance for them before committing any suicide. That's very bad and shouldn't be done. If you're here and you're thinking of the same thing, stop it… that you lost everything doesn't mean that the world is over, that might even be the time you are about to see the biggest blessing ever come into your life.

Always give life as many chance as you can and keep on working hard. And just like the up has said, being greedy is very bad and can lead any trader to being a complete loser. Every trader should also know how to manage risk… that's very important. And stop trying to so hard, if your trade is not going well for that day, just forgetting it and wait for another day.

What I see from those people who did committing suicide is the thinking that after everything didn't materialized according to what they've expected, only committing this act will be the best solution as they don't want to see what will future can bring them after this situations, I agree that there's always a second chance and life is more important that anything inside this world, as long as you have your life you can think of something that will allow you to survive.

[Ridwan Fauzi]

I bet also if he gets profit from his trade with the capital of 2000 bitcoin then he will be the person who has a lot of money and get wealth through bitcoin. This is pointed out trading bitcoin has a big risk that should be know by everyone, it's not easy to predict which price will be addressed, up and down which can make you get a profit or get a loss. The choices only two, first choice put a huge amount of money into trading and the result are you have a huge profit even more then your capital and get a huge defeat and make you bankrupt. The second choice is put the money with the small amount and set management risk and you will get a wealth slowly.

[omonuyak]

This is really sad news and my heart goes to his family and loves one. It is a big and hard way to learn. High leverage is not different from gambling and having a mind of double your earning is a temptation to lose. If you want to remain in trading for long then always invest money that you know if you lose it you will not commit suicide or putting your family and your life at risk.

[Kiefner]

This is really very sad news. Perhaps it was his last money and therefore he could not stand such a loss. But still it is not a reason to leave life.  I would also like to ask all traders to be careful and do not do anything stupid because of some little things.

[Oilacris]

This is really sad news and my heart goes to his family and loves one. It is a big and hard way to learn. High leverage is not different from gambling and having a mind of double your earning is a temptation to lose. If you want to remain in trading for long then always invest money that you know if you lose it you will not commit suicide or putting your family and your life at risk.

Should be really put up on someones mind that never ever invest the money which you cant afford to lose.

Being impulsive can really be faced along the way and if you don't know how to handle yourself then such greedy actions would be made and in result you would potentially lose it all.

[Lizzie_Girl]

I can't understand why he didn't just invest the money in companies that have been around for over 50 years and get a nice interest. Even a shit interest on that much money is a crap ton of money.

[partysaurus]

Its sad when I hear news like this, people committing suicide because they lose a lot of money. Life is the most important thing and we have life we can rebuild whatever we have lost. This should be a lesson to all traders that we shouldn't invest too much money.

amen brother, its just money after all its not the most important thing in life and should never be a reason for killing yourself, ofc this is a special case becuse this is crazy much money, and guess he took investors money and used them also.
but this is realy sad its just money after all. greed kills.