A matter of family conflict regarding Bitcoin.

[Ale88]

Bitcoin blowup: Domestic dispute turns crypto catastrophe with six-hour standoff in central Thailand

A heated dispute over Bitcoin investment loss led to a domestic violence incident that escalated into a six-hour standoff with the police. The 35 year old husband, Kritsada, shot his wife and barricaded himself in their home in Uthai district, Ayutthaya province, before eventually surrendering to the authorities.

I just found a news story and tried to find more content related to this story, and this is all I know about this story. It makes me imagine stories that I have encountered before in the investment environment, where losses occur and make people lose their original reason for earning money, which is also to bring home and build a better family life. I don't want to discuss the reasons for investment failure here, but from the story associated with bitcoin, it will also continue to happen, but in a different form.

Bitcoin is getting more and more popular, and it is labeled with many different stories. I can see many people blaming Bitcoin as the cause of all the problems, but clearly the main problem is people causing them related to Bitcoin.

There are many things to consider in cases like this and others similar: who bought the bitcoins? When were the bitcoin bought, before or after the marriage? Have they been bought using personal funds? Or using also the partner's funds? Did they agree to share everything? Did both know the other person bought cryptos? These are just the first questions that came up to my mind, every family situation is different.

[Aanuoluwatofunmi]

As far as this story is concerned I think nobody should do domestic violence whatever the reason be it.
Money will come go but the relationships we build with our closed ones shouldn't be impacted because of it.

That's true, the solution to any problem is not engaging in domestic violence, especially when this is happening between a man and a woman, there are some situations that we only to settle agrression with calm, loosing bitcoin isn't the end of life, moreover there's always a second chance for another opportunity to come and they can recover the loss again, when things like this happens, the two of them are expected to address it and settles it and everything come to an end, there are better ways of settling down dispute than been aggressive, there will always be more opportunities to come and invest and the market pumps.

[Smartvirus]

What’s the conversation rate for 700,000baht against the USD? Can somebody do that for me?

Meanwhile, I went through the whole story with the provided link and it wasn’t really about bitcoins but, it’s been staged as the excuse here. I think bitcoin is being victimized in this whole dispute as, it was already a failed relationship between them both else, why would a couple live apart and why was the supposed husband scared the said wife would cheat on him.

The husband went too far and was really in on having the divorce option off the table for them but, the length he went is one that doesn’t fix any problems but instead, destroys the possibility of any further relations.

Living someone so much shouldn’t be showed in your quest to take their life rather than have anyone else have them but, in the sacrifices you could endure to enable them have there best and you share in there joys in life.

[darkangel11]

The media will do anything to portray bitcoin as the bad guy because that is where they get more views.
There are a lot of people who think they missed the opportunity to invest in bitcoin and don't miss any chance to spread hatred about bitcoin.

As far as this story is concerned I think nobody should do domestic violence whatever the reason be it.
Money will come go but the relationships we build with our closed ones shouldn't be impacted because of it.

It's true, some media outlets seek public attention this way. I can see it every day when reading the news, as the media publish headlines saying that someone invested in bitcoin and lost a lot of money, but when you read further you come up with the real story, which is that the guy was scammed by people who said they would invest his money in bitcoin for him but really took the money and disappeared. It had nothing to do with bitcoin.
I wonder if that poor guy ever owned any bitcoin, or was scammed or sold levered futures contracts or something like that.

[qwertyup23]

<..snip..>

Bitcoin is getting more and more popular, and it is labeled with many different stories. I can see many people blaming Bitcoin as the cause of all the problems, but clearly the main problem is people causing them related to Bitcoin.

I do agree with your conclusion.

I think this incident may be regarded as one of domestic violence caused by the husband. It can involve any kind or type of currency but it just so happened that BTC was the main currency involved. People and news anchors should not literally take it and understood it that violence is linked with BTC; and vice versa. It just so happened that what was involved was BTC and it could be any other currency and the news would be the same.

[Renampun]

...
I just found a news story and tried to find more content related to this story, and this is all I know about this story. It makes me imagine stories that I have encountered before in the investment environment, where losses occur and make people lose their original reason for earning money, which is also to bring home and build a better family life. I don't want to discuss the reasons for investment failure here, but from the story associated with bitcoin, it will also continue to happen, but in a different form.

Bitcoin is getting more and more popular, and it is labeled with many different stories. I can see many people blaming Bitcoin as the cause of all the problems, but clearly the main problem is people causing them related to Bitcoin.

it's really a heart-wrenching incident, I highlight here how important it is to educate yourself about investment, especially Bitcoin investment. before buying Bitcoin, anyone must understand how it works and its price volatility, when you buy Bitcoin and then hold it, you won't lose anything because of the amount the bitcoin you bought at the beginning remains the same, but when you sell it during a bearish market, you lose because the value you bought at the beginning is certainly different from when you sold it.

apart from that, it is important to communicate with your partner when facing market uncertainty.

[philipma1957]

What’s the conversation rate for 700,000baht against the USD? Can somebody do that for me?

Meanwhile, I went through the whole story with the provided link and it wasn’t really about bitcoins but, it’s been staged as the excuse here. I think bitcoin is being victimized in this whole dispute as, it was already a failed relationship between them both else, why would a couple live apart and why was the supposed husband scared the said wife would cheat on him.

The husband went too far and was really in on having the divorce option off the table for them but, the length he went is one that doesn’t fix any problems but instead, destroys the possibility of any further relations.

Living someone so much shouldn’t be showed in your quest to take their life rather than have anyone else have them but, in the sacrifices you could endure to enable them have there best and you share in there joys in life.

roughly 20000 usd is 700000 baht.


but in that country it is cheap to live and salaries are low.

it is around 100,000 baht a month or 7 months is 700,000 baht.

I used google search and got 1,160,000 baht a year .

which I rounded to 100,000 baht a month

[Kasabus]

This is actually unavoidable if you like marrying your bitcoin because of greed, and your whole life turns with it. Once you start seeing things are not working based on your plan, you will start to feel uncontrollable and resort into making some family conflict because of your unfortunate outcome from bitcoin investment. It just proves that once you invest in bitcoin, be sure to be more open minded and never expect too much from your investment so you won’t get easily affected once it turns out not working according to your plan.

[Dr.Bitcoin_Strange]

There are no Bitcoin-related issues between husband and wife or girlfriend and boyfriend that should escalate to resulting in domestic violence 👊😡👊; perhaps this kind of issue cannot even be cause by Bitcoin because it is the lack of self-control of the man that can cause him to carry out such action. There was a case where a woman caused her husband to lose a whole lot of money. I can't remember the figure, but it was a huge loss, and yet the man did not bounce on the wife because already she was feeling remorse. But it just all ended that she was forgiven and the fund was sourced from another dimension, but the action of the man was wrong.

[AmoreJaz]

This is actually unavoidable if you like marrying your bitcoin because of greed, and your whole life turns with it. Once you start seeing things are not working based on your plan, you will start to feel uncontrollable and resort into making some family conflict because of your unfortunate outcome from bitcoin investment. It just proves that once you invest in bitcoin, be sure to be more open minded and never expect too much from your investment so you won’t get easily affected once it turns out not working according to your plan.

you need to assess the overall situation you are in. and think about the repercussions your family will suffer if you do things out of your normal behaviour.
 in the case of this story, the husband lost about $19,500 from btc investments. for many people in thailand, that's a lot of money already. hence, his wife asked for separation but the husband dont want to. i guess, the lesson on this situation is, let your wife or husband knows about your crypto involvement and tell them the risks you are taking in. if they don't fully understand what you're doing and you're staking your family's savings, then for sure you will have big trouble with your family.

[philipma1957]

This is actually unavoidable if you like marrying your bitcoin because of greed, and your whole life turns with it. Once you start seeing things are not working based on your plan, you will start to feel uncontrollable and resort into making some family conflict because of your unfortunate outcome from bitcoin investment. It just proves that once you invest in bitcoin, be sure to be more open minded and never expect too much from your investment so you won’t get easily affected once it turns out not working according to your plan.

I disagree this type of person would simply find another thing to invest and lose in.

Then blame his family for putting pressure on him in the first place.

Thus it justified him shooting his loved one. He is and will continue to be a sick person. The world does not need that type of person in general.

Here is hoping they execute him. Or at least jail him.

[adzino]

This isn't about Bitcoin. It's about a person's inability to handle stress, emotions, and losses. If it wasn't Bitcoin, it could've been something else that acted as the trigger and the end result would have been the same. Shooting his wife. Rather than blaming Bitcoin, we should be blaming and looking into the anger management issue the person was having.  It's like blaming a car for an accident when it's the driver who was drunk and driving recklessly. And if you are still going to blame bitcoin, then why not blame the gun for the death and let the man free? Because it was a gun that killed her, not him... One more reason why people say that when investing bitcoin or anything, people should always be ready emotionally too.

[Strongkored]

Don't say it is all because of Bitcoin. Bitcoin is only one of many investment assets that can be chosen by investors. There are more stories like this with stock, real estates, gold investors. There are more stories of family conflicts from traders on Forex with overkill leverages.

You are quite right about that, and conflict because of an investment is not a problem, what is a problem is when family conflict occurs because of improper financial management which makes them have huge debts and makes their lives even more difficult. Investment is something that must be done to improve the economy and it must be done very carefully and wisely and in my opinion investing is a good thing if it is done with the right knowledge about Bitcoin not because of thinking this is an investment that can make you rich in a short time.

I don't read the news but sometimes news like this appears just to attract lots of readers to the website by creating stories that look dramatic but the reality is sometimes different from the truth.

[Forever101]

The only solution to such related incident is to have patience with ones family member if they have emotional problem due to their investment outcome. Most people who are victims of this incident are actually the cause, an investor who had lost everything and not in his right mind should be treated well instead of engaging in argument with the person. As understanding partner or family member, you are to give that person some free space until they regain their mind or you keep them calm and advice them to be calm as they will still get their fund.
It is practically unwise to start argument on something that is not possible to be reversed at the moment, instead relax and strategize with them.  Wisdom is profitable to direct. Argument in most cases has led to serious crime, it's not even a matter if investment or not, argument on its own is not the best means to resolve issues.

Many who invest in bitcoins do not actually understand that you can not be a complete looser in the bitcoins space. You can loose today  due to bear market, you can also hit it hard  during the bull run. So investors needs to be educated on this. Investors should avoid investing what they can not loose in the bear market.

[MFahad]

Bitcoin will give you profit if you understand it completely but if you don't understand then blaming bitcoin is useless. Bitcoin is just a way to earn but it is you who select your failure or win as you have to take decision accordingly and bitcoin never force you to select it.

I think it's not only bitcoin but if a person fails to get profit in any asset he will be angry with his family and its a human nature. They don't think that it is their fault that they don't manage their investment correctly if they do so then they will never be disappointed.

People don't get knowledge on time when they do not get success then they starts to combat with families and they consider bitcoin as a bad investment which is totally inaccurate opinion.

[stadus]

Bitcoin will give you profit if you understand it completely but if you don't understand then blaming bitcoin is useless. Bitcoin is just a way to earn but it is you who select your failure or win as you have to take decision accordingly and bitcoin never force you to select it.

I think it's not only bitcoin but if a person fails to get profit in any asset he will be angry with his family and its a human nature. They don't think that it is their fault that they don't manage their investment correctly if they do so then they will never be disappointed.

People don't get knowledge on time when they do not get success then they starts to combat with families and they consider bitcoin as a bad investment which is totally inaccurate opinion.

Obviously, it's the person. We can never blame Bitcoin, as it exists and some countries have already recognized it. It's always the lack of knowledge and the greediness to make easy money that will likely lead to losing money. It's okay if the investment is legitimate, but if it's a scam from the start, that's truly unacceptable.

[pawanjain]

As far as this story is concerned I think nobody should do domestic violence whatever the reason be it.
Money will come go but the relationships we build with our closed ones shouldn't be impacted because of it.

That's true, the solution to any problem is not engaging in domestic violence, especially when this is happening between a man and a woman, there are some situations that we only to settle agrression with calm, loosing bitcoin isn't the end of life, moreover there's always a second chance for another opportunity to come and they can recover the loss again, when things like this happens, the two of them are expected to address it and settles it and everything come to an end, there are better ways of settling down dispute than been aggressive, there will always be more opportunities to come and invest and the market pumps.

That's a very good approach. In fact, I think that both the husband and wife should treat the situation by understanding each other.
If the husband has lost money then the wife should calm him down and console him and motivate him to find another opportunity and not fight with him.
On the other hand the husband should apologize to the wife for committing the mistake and make her understand how he lost so that they both don't lose the money the same way again.
If people start treating each other with respect and understand each other then half of the life's problems will not even occur from my perspective.

[uswa56]

As far as this story is concerned I think nobody should do domestic violence whatever the reason be it.
Money will come go but the relationships we build with our closed ones shouldn't be impacted because of it.

That's true, the solution to any problem is not engaging in domestic violence, especially when this is happening between a man and a woman, there are some situations that we only to settle agrression with calm, loosing bitcoin isn't the end of life, moreover there's always a second chance for another opportunity to come and they can recover the loss again, when things like this happens, the two of them are expected to address it and settles it and everything come to an end, there are better ways of settling down dispute than been aggressive, there will always be more opportunities to come and invest and the market pumps.

That's a very good approach. In fact, I think that both the husband and wife should treat the situation by understanding each other.
If the husband has lost money then the wife should calm him down and console him and motivate him to find another opportunity and not fight with him.
On the other hand the husband should apologize to the wife for committing the mistake and make her understand how he lost so that they both don't lose the money the same way again.
If people start treating each other with respect and understand each other then half of the life's problems will not even occur from my perspective.

Almost everyone has experienced losing money in investing, but if we have a partner who understands each other when we experience losing money in investing, it will really help us in dealing with problems like this and we can correct the mistakes we have made so that we don't repeat the mistakes we made the same later. You are right that mutual respect in a relationship is very necessary, because no matter how difficult the problem we face, if we solve it together it will certainly be very easy to solve.

[Aanuoluwatofunmi]

As far as this story is concerned I think nobody should do domestic violence whatever the reason be it.
Money will come go but the relationships we build with our closed ones shouldn't be impacted because of it.

That's true, the solution to any problem is not engaging in domestic violence, especially when this is happening between a man and a woman, there are some situations that we only to settle agrression with calm, loosing bitcoin isn't the end of life, moreover there's always a second chance for another opportunity to come and they can recover the loss again, when things like this happens, the two of them are expected to address it and settles it and everything come to an end, there are better ways of settling down dispute than been aggressive, there will always be more opportunities to come and invest and the market pumps.

That's a very good approach. In fact, I think that both the husband and wife should treat the situation by understanding each other.
If the husband has lost money then the wife should calm him down and console him and motivate him to find another opportunity and not fight with him.
On the other hand the husband should apologize to the wife for committing the mistake and make her understand how he lost so that they both don't lose the money the same way again.
If people start treating each other with respect and understand each other then half of the life's problems will not even occur from my perspective.

You're right, understanding matters alot in everything that we do, we could see many marriages suffering alot of disparity between the couples because they lack the adequate understanding they both would have worked on to be in concession with each other, this same lack of information and understanding is what causes many people who invested in bitcoin to loose and missed out out of fear and negligence, what attitude do we give to our assets, how determined are we to see them productive, what are the steps we take to ensure this happens and turns a reality, this is not about nthe excitement of being an investor, we need the knowledge in understanding how bitcoin network works and we also need to know how we can manage risk.

[summonerrk]

As far as this story is concerned I think nobody should do domestic violence whatever the reason be it.
Money will come go but the relationships we build with our closed ones shouldn't be impacted because of it.

That's true, the solution to any problem is not engaging in domestic violence, especially when this is happening between a man and a woman, there are some situations that we only to settle agrression with calm, loosing bitcoin isn't the end of life, moreover there's always a second chance for another opportunity to come and they can recover the loss again, when things like this happens, the two of them are expected to address it and settles it and everything come to an end, there are better ways of settling down dispute than been aggressive, there will always be more opportunities to come and invest and the market pumps.

That's a very good approach. In fact, I think that both the husband and wife should treat the situation by understanding each other.
If the husband has lost money then the wife should calm him down and console him and motivate him to find another opportunity and not fight with him.
On the other hand the husband should apologize to the wife for committing the mistake and make her understand how he lost so that they both don't lose the money the same way again.
If people start treating each other with respect and understand each other then half of the life's problems will not even occur from my perspective.

You're right, understanding matters alot in everything that we do, we could see many marriages suffering alot of disparity between the couples because they lack the adequate understanding they both would have worked on to be in concession with each other, this same lack of information and understanding is what causes many people who invested in bitcoin to loose and missed out out of fear and negligence, what attitude do we give to our assets, how determined are we to see them productive, what are the steps we take to ensure this happens and turns a reality, this is not about nthe excitement of being an investor, we need the knowledge in understanding how bitcoin network works and we also need to know how we can manage risk.

No matter how unmarried people imagine the complexity of life in a family, they will always underestimate the real complexity. It is necessary that the characters be similar, the attitude to life and cleanliness in the apartment, and of course the attitude to money. As far as I understood from the news, it is unlikely that his now deceased wife gave him permission to invest so much money. Women do not take such risks with money, so men generally do not ask permission to invest money. Apparently she asked about these almost 20k, and her husband had already lost it.
They were necessary for the life of this family, at a time when only extra money could be invested.The loss will not change the financial situation of the family.