Do not be this man

[Ever-young]

This is very sad, someone lost $19,000,000 maybe his him? I don't know because this data was on chain, no one knows who the real owners of those addresses are, there was another who lost $2,000,000 too, no one saw it coming and it happened very fast, it must have been very hard for him.

The article I read said he lost about $30 million of investors' money. But even at that, he could have tried to explain things, sell off his properties and be repaying them gradually. I know it's not going to be easy, and some of them might take the issue up to court, but I believe in a few years the nightmare would have been over, and he would have put it behind him. This is really sad, no amount of money lost should warrant committing suicide.

Well just pray you don’t find yourself in such a mess. You’re only thinking about this because it happened to someone. What if he ain’t got asset worth that kind of money, what if he also lost everything he’s got too on the same process, at that point, you’ll feel your whole world crumbling, I doubt anyone in such a situation could actually think rationally, I mean $3M isn’t $300k mate. That’s a lot of money. I agree that suicide isn’t the best solution to this, but most people who find themselves in such a situation would mostly feel like dying is the best way out of such situation.

[coolcoinz]

The only way to lose money in this market is to sell, so he knew what he was doing. He was gambling on the market, did the wrong move and lost money. It's pretty much like a soldier who goes to war and gets shot or steps on a mine - sad but they know what they're doing. It's not like this is some poor victim of a scam or hack.

Most people say that you shouldn't be like him and take your own life, but you shouldn't be like him and gamble what you can't afford to lose.
Also, the guy was obviously making himself a target with that car.

[The Sceptical Chymist]

The problem is that people are trading, using high leverage with it. Or they are trading or investing in shit coins.

Pardon me for having just woken up and not having read about this story in exhaustive detail, but is this simply a case of a crypto investor losing his shirt, getting depressed because of it (which is understandable), and committing suicide or is there more to it than that?

I agree with those who said that monetary losses are recoverable and aren't worth one's life--but I've never been in this guy's shoes.  Not sure if I'd be suicidal or not, but getting run over by a volatile crypto market affects people in different ways, you know?  That said, he apparently did it in his Lambo so I'm assuming wealth was extremely important to him.  Probably more so than it would be to many of us here.

And yeah, the leverage.  Buying any kind of volatile asset on margin is just asking to have one's funds wiped out.  That's been true for crypto, stocks, and probably before the mania for tulips centuries ago.

[Mr_Brilliant$]

There is no condition that is Worth taken ones life, I saw the news about many people who comited suicide because of the market crash expecialy the cross margin traders who lost everything according to the news. Thats why it is warned repeatedly that we should invest only what we can afford to lose, and I believe this people in question used all their fund to gamble. If they didn't use all their fund to gamble then they wouldn't have think of commiting suicide. The suicide that was comited is as a result of losing everything. I will always advised to buy more Bitcoin and HODL for a long time, and if need be to gamble through trading then it should be lesser amount sothat when the market crash you Bitcoin HODLing will recover as Bitcoin rises.

Like, why on earth would someone even think of taking their own life because of a market crash? It is honestly heartbreaking.. I get that losing money can be painful, especially when it is your whole savings, but still, no amount of loss should make anyone feel like that is the end.
The problem is most of them are trading which is basically gambling, going all in without managing risk or thinking long term. That is why it is so important to only invest what you can afford to lose, like you said. Bitcoin will always bounce back with time, but once a life is gone, that is it. It is just not worth it…

[Judith87403]

Well just pray you don’t find yourself in such a mess. You’re only thinking about this because it happened to someone. What if he ain’t got asset worth that kind of money, what if he also lost everything he’s got too on the same process, at that point, you’ll feel your whole world crumbling, I doubt anyone in such a situation could actually think rationally, I mean $3M isn’t $300k mate. That’s a lot of money. I agree that suicide isn’t the best solution to this, but most people who find themselves in such a situation would mostly feel like dying is the best way out of such situation.

You know what happened to other people seems too common in the view of those folks that have not come across such situation before, which some folks can even proclaim that they're too big for such thing and this set of people hardly learn from other people's mistake unless it get to them that's when they will think of learning. So what I'm saying in ensence is that this situation is not that easy as most people think it is, because I could imagine the feeling when one have all his money invested in trading with a strong hope of making 100x his capital ironically you saw the market crashing. you know at this point in time you can't think properly as you will be looking for something to do that will ease the pressure which a guy would listen to whatever his mind ask him to do.

[Ziskinberg]

I felt saddened every time I hear stories like this. It's like they live only for money, and everything about money. That's why when their accumulated wealth is suddenly put at risk, they panic and eventually become irrational that led them making wrong decisions in life. I guess they are also surrounded with wrong people, that's also another factor why these victims have resorted into suicidal, thinking they could escape their problems, but in reality they are just making their problem worst.

Luckily, I have my circle of family and friends that continue to monitor me and give me valuable advices. And continue to make me realized that money is just material, and it will never be the basis to live and enjoy life.

And yes, do not be this man. But at some point of view, we can't blame them. They also have their reasons, its just that those are not reasonable and valid ones.

[Ever-young]

You know what happened to other people seems too common in the view of those folks that have not come across such situation before, which some folks can even proclaim that they're too big for such thing and this set of people hardly learn from other people's mistake unless it get to them that's when they will think of learning. So what I'm saying in ensence is that this situation is not that easy as most people think it is, because I could imagine the feeling when one have all his money invested in trading with a strong hope of making 100x his capital ironically you saw the market crashing. you know at this point in time you can't think properly as you will be looking for something to do that will ease the pressure which a guy would listen to whatever his mind ask him to do.

I get where you’re coming from. It’s true that people only get to actually feel the magnitude of a situation when it happens to them directly, and any lesson and experience that one gets through pain is most likely to leave the deepest marks.

As it concerns trading and investing, one may not really understand the pain and mental strain people undergo except they themselves sit and watch their hard earned money evaporate when the market crashes, and at that time, most people tend to completely forget about logic as emotions instantly takes over, leading to impulsive behavior.

[Stable090]

Like, why on earth would someone even think of taking their own life because of a market crash? It is honestly heartbreaking.. I get that losing money can be painful, especially when it is your whole savings, but still, no amount of loss should make anyone feel like that is the end.

No matter the condition which we are at a moment, committing suicide should never be an option. If you lose money, as long as you are alive then you can make the money back or even more, so we shouldn’t always thinking committing suicide is the best thing to do, it doesn’t solve any problem, you just caused more problems for your family members, and the loves ones which you will be leaving.

In whatsoever investment or business which you are doing, always make sure you take risk management serious, don’t be so confident and you going to put all what you have there, even if you are sure that you won’t be losing, don’t still invest everything in a business because anything can happen at any moment.

Whenever you are trading or investing, always do that with any amount you can afford to lose, don’t do that with everything which you are having, and make sure you diversify, if you are investing in bitcoin or altcoins, make sure you have a business or investment offline also.

[tabas]

If he's the one who's lost so much money and ending up solving it through ending his life, it's a tragic way of solving things. He can't bear it anymore on how people would react to him with the impression that he has and the reputation that he has built through social media as an influencer. His family probably don't know the struggles and problems that he's going through. I think that this is more of a personal thing and if someone out there is struggling with the same thoughts and problems or if you know someone, just say hi to them and tell them on how they means a lot to you.

[Out of mind]

We know that the value of life can never be found with money, once money is gone, it can be found again, but once life is gone, it can never be found again. This person may have lost a lot of money, but he should have thought that if his life is gone, he will not be able to get it back, but he may have lost his balance mentally after losing his money. He may have destroyed his own life by not being able to take the mental pressure, but it was really stupid. If he had lived, he would have been able to continuously own money again. However, in any case, we should all pay the most attention to these things that if you lose money, you should never destroy your life. If a person comes to invest money in crypto or trade, he must be patient and learn to control himself first. Because here, money can be lost at any moment, and at any moment, you can own a lot of money, so all things have to be considered, and then you have to invest in digital currency. So here, money will be lost and money will come, but if you lose, you should never destroy your life, but rather, control yourself again with patience. The most important thing is to be patient and control yourself again.

[Xackie]

There is no condition that is Worth taken ones life, I saw the news about many people who comited suicide because of the market crash expecialy the cross margin traders who lost everything according to the news. Thats why it is warned repeatedly that we should invest only what we can afford to lose, and I believe this people in question used all their fund to gamble. If they didn't use all their fund to gamble then they wouldn't have think of commiting suicide. The suicide that was comited is as a result of losing everything. I will always advised to buy more Bitcoin and HODL for a long time, and if need be to gamble through trading then it should be lesser amount sothat when the market crash you Bitcoin HODLing will recover as Bitcoin rises.

Like, why on earth would someone even think of taking their own life because of a market crash? It is honestly heartbreaking.. I get that losing money can be painful, especially when it is your whole savings, but still, no amount of loss should make anyone feel like that is the end.
The problem is most of them are trading which is basically gambling, going all in without managing risk or thinking long term. That is why it is so important to only invest what you can afford to lose, like you said. Bitcoin will always bounce back with time, but once a life is gone, that is it. It is just not worth it…

It’s really sad hearing about people who lose their lives because of a market crash. No matter how bad things get, life is always worth more than money or any investment. The truth is, Bitcoin and every other market move in cycles prices go up and down but once someone takes their life, there’s no second chance.

Many of these cases happen because people invest with emotions or go all in, thinking the market will always go up. When things crash, fear and regret hit hard. That’s why it’s so important to invest only what you can afford to lose and to understand that losses are part of the game. Even the biggest investors have seen red days, but they learn, recover, and move forward...

[As-Soon-As]

There is no amount of money that's worth your life, if you lose it all you can do it again, before doing anything stupid please try to remember how you started, you had nothing and you made something still, you can do it AGAIN.

Rip to a crypto brother who unfortunately couldn't take the loss after the sudden crash of the market.



This is very sad, someone lost $19,000,000 maybe his him? I don't know because this data was on chain, no one knows who the real owners of those addresses are, there was another who lost $2,000,000 too, no one saw it coming and it happened very fast, it must have been very hard for him.

I lost money too, I used cross margin and I lost everything but It doesn't bother me because I am still alive and not dead, I lied, it does bothers me but I will get over it, if you lost anything you can make it back again, crypto and trading isn't over, don't take your own life for mony that's always been printed. It is not worth your LIFE.

Human life is the most valuable thing, he lost money and he could not control his emotions, which is why he chose the path of suicide. This is stupid. Because humans can do everything, maybe today's loss may be tomorrow's profit, but once life is gone, it is never possible to get it back. Because you started with a little money and from there you have reached a building.
Now if you commit suicide, then it is basically stupid, but it is most important to trade or invest in trusted coins, I think there will be no threat of suicide.

[Mpamaegbu]

Rip to a crypto brother who unfortunately couldn't take the loss after the sudden crash of the market.

Influencers are loud mouthed (though it's good for their business as that easily catches public attention and boost their followers), it's not surprising that the brother couldn't stomach what happened. It's shame that made him end it all. It wasn't necessarily that dump. He must have boasted within his circles and beyond of his prediction. It was shame of what people would say concerning what he told them that didn't come to pass. Crypto isn't a place where anyone should thumb their chests and be too certain about where market moves to. We're all at best speculators. Nobody is certain of anything.

[nakamura12]

People should prefer losing money than losing life he could have still make such money if he has remain alive, i don't know how he was able to loss such big funds and also the particular crypto he invested in, he wouldn't loss such money if he had invested in Bitcoin i don't believe Bitcoin to crash to nothing, it could also be he invested almost all he had which is wrong if he had be buying bitcoin only with also money he can forget if at lost he would have die.
May his soul rest in peace.

It might be because of the pressure he gets from it like and causing negative emotions tha may be the cause why he chose to suicide thinking he couldn't recover or cover the money lose during that time. If it were me then I wouldn't be able to bear the sadness of losing such amount of money. It's too bad that he choose to solve the problem by committing suicide instead of finding a solution without taking a life but an effort and solutions for the problem.

[Showlove01]

Damn! taking his love was extreme, I don't know the terms and conditions on the contracts and funds he handles or trades with but death is the final bus stop he could chose and it's not just a lost to his investors including family the money he probably lost was beyond what he could afford to loss just like it is in the every day say, risk what you can afford and he sure risked an amount he probably doesn't have in reserve for refund incase this kind of crash happens. Trump dump was a very big damage to a lot including me yesterday.

That is the more reason I don't consider trading an option or a good thing to do because you can lose millions, billions and trillions of dollars if you are not careful and sometimes  regardless of how careful you are, there will always be a day you can not even care about what might be the outcome untill you see it yourself and sometimes what causes this  kind of shit is over confidence, sometimes some traders will hype and think they fucking genuious until they loss an amount that will put cold on their body. That is why investment is preferable than trading because I wish it was Investment, this kind of shit would not have happened.

[Macabury]

Sadly but Most people live life forgetting the most important part of life.
Life is simply being here with no knowledge of what tomorrow holds but working towards a plan to achieve something in the tomorrow you are not certain about. If you loose everything today, you shouldn't forget that you came to this world with nothing and so getting something is bound to happen no matter how deep you fall. Day and night says it all.

"The night will always come, no matter how dark the night, there will be a new day". What was lost is money, something that you got out of applying your knowledge and understanding you gathered for so long.. THE MONEY WAS LOST, MAYBE SOME RESOURCES, BUT THE SAME KNOWLEDGE AND UNDERSTANDING THAT BROUGHT YOU THIS FAR IS STILL THERE WITH YOU.

WE CAN LOOSE OUR EARNINGS, BUT NOT THE SOURCE

[Distinctin]

Taking your own life is the biggest sin, one should always avoid that no matter how miserable your life is. We are train to solve our own problems, manage our own mental and emotional stress, and that's actually some reasons why life itself is challenging, and quitting has no room for it, especially if you chose to end your life.

Money can be found again, can be earn again, but there's no rewind in life. This story should be a wake up call not to be so greedy with money, not to value money more than you value your own life. Because life is unpredictable, you may be in high profits today, but in just a minute you can lose all of them. Just invest at your own risk, just invest on an amount you are comfortable of losing.

[Natalim]

Not all are brave enough to face investment failure that leads to depression. It takes a strong man that knows how to set limits and balance his way of thinking. Now if you are not that man, most possibly it will be easy for you to take wrong decisions in life, and even take your own life because that would be the safest option, to escape from the realities in life.

I'm just proud of myself that I don't have this kind of mindset. I do lose and make small profits, but that's okay as long as everything is manageable.

[Zackz5000]

Not all are brave enough to face investment failure that leads to depression. It takes a strong man that knows how to set limits and balance his way of thinking. Now if you are not that man, most possibly it will be easy for you to take wrong decisions in life, and even take your own life because that would be the safest option, to escape from the realities in life.

I'm just proud of myself that I don't have this kind of mindset. I do lose and make small profits, but that's okay as long as everything is manageable.

Most of them think that taking their own life will be the best thing to do but they forgot that money that was lost can still be gotten back the most important thing is staying alive.

Again we should also know that kind of investment we do and coin to buy if he had focus on investing in Bitcoin there would have been hope that the price will surely increase and it's increasing, crypto investment shouldn't be the only investment to carry on with and it's good we invest with what we can afford to loss.

I do loss but when it happen i only thank God that it's Money that i lost and not life and life continue.

[r_victory]

Being alive and healthy is already an opportunity to start over after a loss. Unfortunately, some people aren't mentally prepared for blows like that. He was young, he had so much to live and learn. And the worst part is that he was apparently experienced in the market, and setbacks happen all the time, as does recovery, sometimes quickly, sometimes slowly. It intrigues me that he panicked. Maybe it was also the fact that he managed other people's assets, I don't know; when the money is only yours, it's easier to overcome and move on.