8 Suicides Have Been Confirmed Because of the $Luna Crash. Why did Luna crash?

[tabas]

What happened with Luna and UST were terrible because no one saw that coming or do some people have been warning of something like that happening but we all choose to ignore it be that as it may be we also always invest the amount of money that we can afford to let go and this kind of thing shouldn't have happened had they not invested their life savings

Yeah, it's horrific. Within a week, a lot of life savings were gone because of this luna and ust crash. Do Kwon is the mastermind of this and it seems that they're moving slowly as if that this is just a normal thing. I think those warnings have started when LFG have been buying bitcoin continuously.
It's like a scheme and good at the start but just like any other ponzi, they've ended up with almost no money left anymore for its own economy since they might have pocketed majority of its money.

[ItsCrafty]

As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?

First of all we always said that use only these amounts in crypto which is extra from your daily needs and you can afford 100% lose here. People who committed suicide did not read rules of Crypto which cause them to do so.
My portfolio strategy is diversify and don't put more than 5% in any token. This is safest way to get profit from crypto. If any project failed or hacked then you have other token to recover.

[traderethereum]

Actually, before investing, we should really calculate how much money we want to use so that if something like that happened with Luna, we wouldn't suffer too big a loss.
Most people will go all-in in investing and they often choose newly released projects when they know bitcoin is the best to invest in.
In addition, the greed factor always follows the people who invest and they do not analyze whether the project can last for a long time or will disappear shortly.
If you can calculate how much is suitable to invest, you will not spend all your savings because you will definitely prepare everything for your life.

[ice18]

This news went viral yesterday but Is this real? Proofs? or just to add another FUD to LUNA, many share their unfortunate stories on reddit and twitter some says they lost their life savings its real but the suicide incidents seems fake. I hope many investors learned a lesson from this as this is always a disclaimer when investing in crypto "Cryptocurrency trading involves high risk". Its your own decision to invest and no one force you to do this.   

[Beparanf]

This news went viral yesterday but Is this real? Proofs? or just to add another FUD to LUNA, many share their unfortunate stories on reddit and twitter some says they lost their life savings its real but the suicide incidents seems fake. I hope many investors learned a lesson from this as this is always a disclaimer when investing in crypto "Cryptocurrency trading involves high risk". Its your own decision to invest and no one force you to do this.   

This is base on the social media post of there friends and relatives of the victim. What kind of proof you want to know? Video proof/Picture? Either way if the number is real or fake, We can't deny the fact that many users loss there life savings during this catastrophe since billion dollar marketcap has been wipe out on Luna market cap since the attack occur. I don't think this topic should be discussed since this is a serious discussion matter.

[rhomelmabini]

As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?

Sad that we need to see these incidents and hoping that people will learn a lesson that your life savings doesn't depend on one single asset or investment. The number is too alarming and hope Do Kwon and the Terra Luna team do pay for this or be at least responsible of what had happened.

[AakZaki]

It's crazy, I've even only twice known the case of coin tokens can be up to zero price. Luna became a history that cannot be forgotten. This is a warning for all crypto actors, especially traders. Traders should understand that crypto risk is crazy. Asset management, using free funds will make us calmer in trading. Suicide will make the image of crypto becomes bad. I am afraid that regulations will get tighter, and complicate the development of crypto.

[The Sceptical Chymist]

Use google and don't be lazy to search article.

Did I miss who that was directed to?  As it stands, your scolding of...whoever...seems to be a total non sequitur.  And what article??

Never use financial money to invest and always use free money.

What does that even mean?

People commit suicide every day, all over the world.  How much thought do any of you give to any of them?  None.  So unless you happen to personally know someone who killed themselves because of this Luna/UST debacle, don't pretend you do.  And let's say you do know one of those alleged suicides:  do you think anybody here really cares?  My point is that this discussion is simply inflammatory BS at best, and it's the type of crap that causes regulators to wake up and start scrutinizing all the assholes involved.

[savetheFORUM]

It's sad to see that according to the latest news and the amounts if people are giving up with their lifes have been increasing a lot since the dump of luna. I know that if they were loosing bunch of money. They can't even cutloss or something else. They must have accepted the fact that if their investment gone to the zero investment and they got nothing from their investment. They can't even cutlose to save small amounts for their life but this is very bad.

This is why exchanges like binance are now suspending any transactions related to luna. This needs to be stopped now because there are still people that take advantage of its dip and they can bet all what they got as they still think that this coin is legit and can shock the whole world later on. They are lucky if that's going to happen but what if not?

The cases of people that will suicide are going to increase but I only feel bad to those who suicide because of this. They lose a lot but money isn't everything and as long as we are a live, there is always a chance for recovery and for improvements. If someone invests and accepts the result then I think that's fine but they maybe invest only a little or the amount that they can only afford to lose.

[ScamViruS]

As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?

First, never invest in something you can't afford to lose. Investors should never rely on a project because there is a fear of losing everything if the project collapses for any reason. So the coin should be invested by dividing the funds in the project. Life is a precious thing. By committing suicide, they have decided to be like cowards. Profit Loss is a part of the business, there were losses here and it was possible to recover those losses from any other project in the future. Suicide can never be a solution. Luna has taught us a lot which has also given birth to heartbreaking incidents like many suicides.

[sana54210]

It's sad to see that according to the latest news and the amounts if people are giving up with their lifes have been increasing a lot since the dump of luna. I know that if they were loosing bunch of money. They can't even cutloss or something else. They must have accepted the fact that if their investment gone to the zero investment and they got nothing from their investment. They can't even cutlose to save small amounts for their life but this is very bad.

I know just plenty just in my nation that doesn't appear in this topic. You have to understand that there are too many people in the world that end up investing based on what they think will happen and they think it "will" happen. When you think that you are profiting and you will profit, and you are so certain about it, you end up putting money in there that you shouldn't.

I have seen plenty of accountants who put money that didn't even belong to them, because they thought "oh they gave me 100 to do this, if I put this 100 in, make it 200, then I will use the 100 to pay on behalf of them and keep the other 100" and lost all of it, and committed suicide instead of going to jail. Makes no sense, but this is what happens frequently.

[7788bitcoin]

As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?

I am not sure whether your headline is a fact or just used to attract users into your topic. It is really unfortunate that people does not read the white paper before jumping into the space and once that false narrative is gone the market went down crashing. Whom to be blamed here, i would blame the investors for going after salesman that offers a good profit rather than taking the time to read the technology they are offering.

[Viscore]

Use google and don't be lazy to search article.

Even you are searching "Why Luna Crash", you will get a few article how the algorithm work between LUNA & UST. Feels bad for the 8 people who are suicide, just one of learn we can take for this. Never use financial money to invest and always use free money.

But, off course can't really expect this crash "LUNA". Since the coins are being listed on MAJOR exchange, this "LUNA" crash reminds me of a mortgage crash in America while no body knows the loop for that case until it's happening.

Suicidal happens for those who have put too much expectations on a single coin and invest their hard earned money on that. Now, everything end up in a mess, that made them decide to end their lives too. That's too unfortunate for them that they took their lives because of money. Although nobody's expecting that Luna will also end up like any meme coin, but maybe that's the reality when we come to invest in cyptos other than bitcoin.

[palle11]

I can not be sure of how many people that choose to take their lives because of Luna crash, OP didn't get the link. But suicide has been all around and some people feel comfortable to take their own life because of failure in investment. Cryptocurrency investment obviously is a fluctuating asset and so we have to invest in it as a risk that we have taken for good or bad. Moreover bitcoin is also crashing and investors are losing money too. The whales are constantly manipulating the market and who knows the next coin to get the hit.

[Cling18]

It's heartbreaking to hear that there were lives that ended because of a certain coin. We should take this news as a lesson to just invest what we can only afford to lose and never to put all our eggs in one basket. Some people have risked their life savings and even borrowed huge money just to invest with Luna which was a wrong move. However, it already happened but for those who are hopeless about their losses, ending our lives isn't the answer because good things still come.

[JumangiMan]

Sad to hear that. People did not do any due dilligence and got rekt. This bear market is all about picking the winners of upcoming bull market and be selective with your investments. One of my picks as an example is https://plcultima.com
If you don't buy $PLCU you literally hate money The old fashioned PoW coin with mining. No insiders dumping. It is ready to fly to #Cosmos @PLCU_OFFICIAL
https://www.coingecko.com/en/coins/plc-ultima

[Kavelj22]

As the crypto market grow, these type of incidence really effect the market. I think strong project are on the stack now as trust on the ecosystem of strong projects like DOT, ETH and BNB are on the verge of crumbling. But it's a matter of life of death when it comes to all in your life savings. Share your thoughts how you would improvise your portfolio?

The key is clear: don't put all your eggs in one basket. Diversifying your portofolio is the main key to avoid similar crashes because at worst cases, your favorite cryptos won't crash simultaneously.
I don't see any mention to those 8 Suicides you said have been confirmed because of the Luna crash. From where you got this news?

[Fesatmas]

It was hard when all this happened, this is a lesson for all of us, especially for me who does invest in cryptocurrencies. There is always a risk that is even fairly high, we don't know when something bad will happen to us. As experienced by the Luna holders we see today. It's really tiring days if we look at the market today.

[crzy]

It was hard when all this happened, this is a lesson for all of us, especially for me who does invest in cryptocurrencies. There is always a risk that is even fairly high, we don't know when something bad will happen to us. As experienced by the Luna holders we see today. It's really tiring days if we look at the market today.

The whole market is down but its a worst result to LUNA which whales are getting out of this project that resulted to this big crash. Though LUNA team is still trying to revive this project and make this as a great coin again but for me it will be hard to recover after losing almost everything, but or course if there’s still a solution then why not try it. LUNA can recover in time but don’t expect because this can be a trap for you.