A matter of family conflict regarding Bitcoin.

[khiholangkang]

From the cases that OP presented in this discussion and the news included related to violence due to investment failures that caused a heartbreaking incident.

I have a few questions related to the investment made, is it in short -term investment, or trading or something else?
I assume that the investment made is a short term that can draw the conclusion that it should invest it has a safe financial management, meaning that it should not use the all money they have to buy bitcoin, while other needs rely on money from the money in investment, of course when the market does not In accordance with what is expected will make a loss, on the other hand the need to continue to be urgent to be fulfilled, it is natural that this married couple experiences quarrels in it because they do not use good financial management and good discussions with their wives before investing.

[1714826978]

1714826978

[1714826978]

1714826978

[1714826978]

1714826978

[Inwestour]

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.

A family can be strong if the spouses can plan their future together, if they have a common budget, a common vision of where they are going and how they can achieve their goals. A lot of things are important, they maintain balance in the family, sometimes you need to make concessions, it’s really not easy. I noticed that if a family is wealthy, then they have significantly fewer conflicts over finances. If one spouse is more responsible for the finances, then financial management should be his responsibility, but if the other spouse does not support an investment because he sees it as a big risk, then you need to find another investment, family is most important.

[AakZaki]

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.

Profit or not profit from investing in Bitcoin is determined by us as holders, if greed continues this will have bad consequences in the future. What at first we were going to hold for the long term ended up selling cheaply or cutting losses because our mentality was quite disturbed because prices continued to fall. instead it is a good opportunity to buy again. Expecting too much from an investment you don't believe in will only weigh on the holder's mind. Bitcoin is the number one digital asset, so what is there to doubt, just hold on for the long term and just enjoy the profits later, nothing is instant.

[Japinat]

Even unstable, disfunctional people can invest in Bitcoin, so it was just a matter of time until we would see these news coming up. As many have said, the problem isn't Bitcoin, but the man who is completely insane. Someone who can't afford the risk of losing money with BTC investment, shouldn't be investing on it, but in this case the roots of the problem go even further, as he took completely extreme measures in response to the loss, besides the fact he is also a possessive man who can't deal with the fact his wife doesn't want him anymore.

The normal reaction would be to let she go away and respect her decision, instead of shooting her and shooting his own leg right after. Completely out his mind... This person is a menace for society. Let's see what authorities are going to do with him.

Bitcoin is just a tool, so it’s nothing to do with any conflict that has arise but it’s all about the person who dares to invest in bitcoin without evaluating himself first if he can actually manage the risk of losing. And because he’s insane and highly greedy, when he start losing from bitcoin, he eventually turn to other people to blame and let his emotions out, thus putting the wife in a very terrible situation that she even herself can’t hardly imagined.

[panganib999]

I don’t think bitcoin is to blame for this. First off, they must’ve had toxic familial relations to begin with. Losing so much on bitcoin is just the straw that broke the camel’s back. Bitcoin doesn’t bring the worst out of people, they are already fucked up from the get-go. They just happened to find an outlet through bitcoin.

With that being said I hope some form of recluse or recovery is achieved. While this is more on the severe side family is still family and a matter of discussion and setting aside differences and past transgressions should do the trick. That i if they’re willing to admit to being in the wrong and all that stuff.

[serjent05]

Even unstable, disfunctional people can invest in Bitcoin, so it was just a matter of time until we would see these news coming up. As many have said, the problem isn't Bitcoin, but the man who is completely insane. Someone who can't afford the risk of losing money with BTC investment, shouldn't be investing on it, but in this case the roots of the problem go even further, as he took completely extreme measures in response to the loss, besides the fact he is also a possessive man who can't deal with the fact his wife doesn't want him anymore.

The normal reaction would be to let she go away and respect her decision, instead of shooting her and shooting his own leg right after. Completely out his mind... This person is a menace for society. Let's see what authorities are going to do with him.

Bitcoin is just a tool, so it’s nothing to do with any conflict that has arise but it’s all about the person who dares to invest in bitcoin without evaluating himself first if he can actually manage the risk of losing. And because he’s insane and highly greedy, when he start losing from bitcoin, he eventually turn to other people to blame and let his emotions out, thus putting the wife in a very terrible situation that she even herself can’t hardly imagined.

I agree, it is not Bitcoin that created the scenario to happen.  It is the action and decision of the husband.  If the husband did not decideds to invest their money on Bitcoin and loses it, the wife would not have any reason to split up.  It is the husband's action that fuels it not the Bitcoin.

The shooting incident is also not caused by Bitcoin, it is the husband's jealousy and paranoia that caused the crimes.  Bitcoin has nothing to do with the shooting incident.

[icalical]

Most of the replies in here said that Bitcoin is not the one to blame, and I agree. And this could be avoided if the couples were more open to each other. I believe it's not just the husband money, it's the couple's money, and most likely that it's not a cold money, could be their saving, after all if the money is to be invested in anything both should have a discussion, so both understand the risk.

[Yatsan]

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.

I sympathize to those who are struggling to open up their crypto investment to their family. However, our part is to make sure that once we explain it to them, they have the initial idea of it and avoid surprising them with result. Ofcourse it is normal to suffer from losses not only in Bitcoin but also with other investments. Think of a better way to say it; partial loss and may still be turned to winnings if you will choose to hold. We cannot blame them to view it negatively especially if they know nothing about it but this excludes violence in any form. If you have a choice to be silent about it or secretive then that would be better as well to lessen the risk of escalation.

[Ale88]

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.

A family can be strong if the spouses can plan their future together, if they have a common budget, a common vision of where they are going and how they can achieve their goals. A lot of things are important, they maintain balance in the family, sometimes you need to make concessions, it’s really not easy. I noticed that if a family is wealthy, then they have significantly fewer conflicts over finances. If one spouse is more responsible for the finances, then financial management should be his responsibility, but if the other spouse does not support an investment because he sees it as a big risk, then you need to find another investment, family is most important.

Of course family is the most important thing but if someone sacrifices time to understand and learn something before investing, then also the partner should do the same and have a serious discussion about it: if you want to invest in BTC, stock market, or whatever, and you did your homework, you're spouse can't simply say no based on his/her personal perception of that idea, they actually have to explain why it's better not to do it. And "it's too risky" it's not an answer.

[BiggieSmallz]

https://www.talkimg.com/images/2023/09/20/6cO5T.png
Bitcoin blowup: Domestic dispute turns crypto catastrophe with six-hour standoff in central Thailand

this is a bad sign of how the married being broken because of wrong understanding in cryptocurrency and now Bitcoin once again is being
blamed for this incident .

but it is obvious that the wife is against the investment and only th husband pushes this in the reason of the argument.


The cause of the incident was Kritsada’s loss of 700,000 baht in Bitcoin investments, which led to disagreements with his wife. The wife asked for a separation, which stressed Kritsada. He regularly visited his wife’s house out of fear that she might cheat on him. On the day of the incident, he entered his wife’s house hoping to reconcile but was met with resistance, leading to the aforementioned incident.

https://thethaiger.com/hot-news/crime/bitcoin-investment-loss-sparks-domestic-violence-and-six-hour-police-standoff-in-ayutthaya

this is according to the articles that I assumed the reason of the wanted of divorce from the wife's side.

Bitcoin gets blamed for everything. The media associates it with anonymous criminal activities blah blah blah. From the story, looks like the wife just wanted out of the marriage and was just waiting for the perfect reason to divorce the guy.

[taufik123]

Of course family is the most important thing but if someone sacrifices time to understand and learn something before investing, then also the partner should do the same and have a serious discussion about it: if you want to invest in BTC, stock market, or whatever, and you did your homework, you're spouse can't simply say no based on his/her personal perception of that idea, they actually have to explain why it's better not to do it. And "it's too risky" it's not an answer.

and the point is that discussing with your family or partner is very important to do, in order to find the point where the investment is good or not to continue and what are the things that should not be done.

Openness with discussion will give good results, so that everyone can know what is being done and strived for.

I have a small family and I always say what I will buy this week to add to my crypto investment accumulation I convince them by saying that the market is in a bearish period and will benefit from investing now and selling it when the market is in a bullish period later.

That way there is no conflict about the investment issues made because it has gone through a good and open discussion process.

[summonerrk]

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.

A family can be strong if the spouses can plan their future together, if they have a common budget, a common vision of where they are going and how they can achieve their goals. A lot of things are important, they maintain balance in the family, sometimes you need to make concessions, it’s really not easy. I noticed that if a family is wealthy, then they have significantly fewer conflicts over finances. If one spouse is more responsible for the finances, then financial management should be his responsibility, but if the other spouse does not support an investment because he sees it as a big risk, then you need to find another investment, family is most important.

Unfortunately, spouses often have different opinions about money. I read that there are three types of family relationships in terms of money, and we will assume that the husband is always an investor:
1) the husband is an investor - the wife is an investor
2) the husband is an investor - the wife trusts him with money
3) the husband is an investor - the wife of a spender.
Obviously, the most productive relationship is number 1. Regarding the last relationship, many believe that it is impossible to fix a wife in this type of relationship, and the best way would be divorce. After all, living with a ranking investor will never be able to accumulate the required deposit.

[pixie85]

Most of the replies in here said that Bitcoin is not the one to blame, and I agree. And this could be avoided if the couples were more open to each other. I believe it's not just the husband money, it's the couple's money, and most likely that it's not a cold money, could be their saving, after all if the money is to be invested in anything both should have a discussion, so both understand the risk.

It's the husband that's at fault.

He bought bitcoin not knowing what he's buying.
He was weak-minded and couldn't hold long enough to reach profit.
He sold at a loss. He attacked his wife and he injured himself, now he will go to jail, without money and woman to wait for him.

Greed made him lose everything. He wanted more money, he never cared about bitcoin, nor his wife. It was all about himself and making more fiat money!

[JoyMarsha]

It would be a mistaken fact for someone to blame bitcoin totally to be the cause of a husband shooting his wife over the loss of money investing in bitcoin. How can someone think of such whereby bitcoin is not actually the cause of it but to their lack of knowledge and forgetting fact to the term that says ''You never lose your bitcoin investment unless you decide to sell''

Before the miscommunication that resulted in the shooting, I think both parties(the husband and wife) would have learnt to hold on and wait patiently for the bull run to commence before taking laws in each other hand.

[Ale88]

Of course family is the most important thing but if someone sacrifices time to understand and learn something before investing, then also the partner should do the same and have a serious discussion about it: if you want to invest in BTC, stock market, or whatever, and you did your homework, you're spouse can't simply say no based on his/her personal perception of that idea, they actually have to explain why it's better not to do it. And "it's too risky" it's not an answer.

and the point is that discussing with your family or partner is very important to do, in order to find the point where the investment is good or not to continue and what are the things that should not be done.

Openness with discussion will give good results, so that everyone can know what is being done and strived for.

I have a small family and I always say what I will buy this week to add to my crypto investment accumulation I convince them by saying that the market is in a bearish period and will benefit from investing now and selling it when the market is in a bullish period later.

That way there is no conflict about the investment issues made because it has gone through a good and open discussion process.

I understand what you mean but very often, probably too often, it's difficult to have a productive discussion with people because they their idea, usually based on "someone told me that" or "I read on Facebook that", and they are not open to discuss it because in reality they don't know what they are talking about. Fortunately my wife supports me on crypto but when I talked years ago with friends many of them decided not to invest because their girlfriends (not even wives) told them not to do it because, in their opinion, bitcoin was a scam. Opinions based on who knows what. Now of course they deeply regret the decision...

[usekevin]

From the cases that OP presented in this discussion and the news included related to violence due to investment failures that caused a heartbreaking incident.

I have a few questions related to the investment made, is it in short -term investment, or trading or something else?
I assume that the investment made is a short term that can draw the conclusion that it should invest it has a safe financial management, meaning that it should not use the all money they have to buy bitcoin, while other needs rely on money from the money in investment, of course when the market does not In accordance with what is expected will make a loss, on the other hand the need to continue to be urgent to be fulfilled, it is natural that this married couple experiences quarrels in it because they do not use good financial management and good discussions with their wives before investing.

The short term investment is not the true solution to any investment,because it take time for the market to response for the good pump.If the OP speaking with the short term,he should understand himself about the important of the long term investment.Since he made some investment,the long term holding is the essential one.Many traders was successful today by the holding for the longer period.If you are still not satisfied with my answer,you can ask any of your old trader friend about the long term holding.

[komisariatku]

The short term investment is not the true solution to any investment,because it take time for the market to response for the good pump.If the OP speaking with the short term,he should understand himself about the important of the long term investment.Since he made some investment,the long term holding is the essential one.Many traders was successful today by the holding for the longer period.If you are still not satisfied with my answer,you can ask any of your old trader friend about the long term holding.

I think there is nothing wrong with short-term and long-term investments, only different strategies. The advantage of short-term investments is that you can get repeated profits because you invest repeatedly, while long-term investments only get one profit. So both have their respective advantages and benefits and nothing is better between the two

I think everyone has their own investment style, as long as they are comfortable and can make a profit, there is no need to debate.

[n0ne]

No clear evidence on the 700000 baht. Whether he invested it, or he lost in gambling or he did something else. Nothing is revealed and with the minimal information available we can't point bitcoin as the reason behind it. He might have invested into bitcoin, but where does the loss had happened isn't known. Looking upon the day full of stress it looks like the person had lost it in gambling. Through trading it isn't possible to experience such a massive loss all of the sudden as there is not much of market fluctuation.

[Y3shot]

Bitcoin does not have any problem. It is common when people two engage themselves about things concerning money and if it doesn't work well at the end it will turn to conflict. I think it is an investment that made these two persons to have misunderstanding,  bitcoin wasn't the cause. Money has always cause family,  friends to be in disagreement. Because of the volatility of bitcoin it is best for investment to be one man investment instead of friends, family members  go into a joint investment that can result to a serious problem when investment does not comes out as targeted.

[khiholangkang]

From the cases that OP presented in this discussion and the news included related to violence due to investment failures that caused a heartbreaking incident.

I have a few questions related to the investment made, is it in short -term investment, or trading or something else?
I assume that the investment made is a short term that can draw the conclusion that it should invest it has a safe financial management, meaning that it should not use the all money they have to buy bitcoin, while other needs rely on money from the money in investment, of course when the market does not In accordance with what is expected will make a loss, on the other hand the need to continue to be urgent to be fulfilled, it is natural that this married couple experiences quarrels in it because they do not use good financial management and good discussions with their wives before investing.

The short term investment is not the true solution to any investment,because it take time for the market to response for the good pump.If the OP speaking with the short term,he should understand himself about the important of the long term investment.Since he made some investment,the long term holding is the essential one.Many traders was successful today by the holding for the longer period.If you are still not satisfied with my answer,you can ask any of your old trader friend about the long term holding.

We understand for that and I do not affirm that my behavior is right here, and I think everyone also wants to invest in the long term if he is able to do it. But it seems that the person behind it depends on the investment that is made, which will make a short -term investment to take advantage in order to survive, and yes he failed in the end, resulting in losses that make his finances messy.

No clear evidence on the 700000 baht. Whether he invested it, or he lost in gambling or he did something else. Nothing is revealed and with the minimal information available we can't point bitcoin as the reason behind it. He might have invested into bitcoin, but where does the loss had happened isn't known. Looking upon the day full of stress it looks like the person had lost it in gambling. Through trading it isn't possible to experience such a massive loss all of the sudden as there is not much of market fluctuation.

I am also a little ambiguous by connecting it to Bitcoin, but if that person plays gambling or trading and or buying shitcoin it has a major chance that can cause losses in his investment. The media does not seem to give a clear explanation of that, I think some people will have the wrong assumptions with what actually happened.