Control your emotions when it comes to trading or investing, it can be fatal.

[PremiumcryptoHub]

While scrolling through various news, I was disappointed after seeing this news of a trader because a trader in Ukraine committed suicide with his own gun in his Lamborghini. In fact, no one has the power to predict in advance what kind of situation will develop in the market, even trying to adapt to any market situation is the job of a smart trader or investor. Yet when the crypto market crashes, many may not be able to contain their emotions, leading them to start disruptive behavior. Just like this Ukrainian man committed suicide because of the market downturn, which we should all avoid, In fact, maybe no one should commit suicide because of the cryptocurrency market ups and downs.

The body of the man was found after the collapse of the cryptocurrency market in Kyiv, and we can see that local police officials are treating it as a possible suicide. Moreover, this person has a statement that he mentioned to his relatives that he was feeling depressed because he had financial problems but he made a rash decision when he should have considered that all markets would recover and the prices of the coins he used to trade may also recover.

So this proves that emotions and stress must be controlled when investing or trading, even investing or trading should be done with restraint. By the way, please, everyone should not be as stupid as the person from Ukraine mentioned because if the trader is alive, there is an opportunity to make a lot of money.


Crypto trader Konstantin Galich found dead in Lamborghini in Kyiv as market plunges
https://nypost.com/2025/10/12/world-news/ukrainian-crypto-trader-konstantin-galich-found-dead-inside-lamborghini-as-market-plunges/

[Bright0515]

I'm sure that I have seen this same thread on the forum before. https://bitcointalk.org/index.php?topic=5562026.msg65908242#msg65908242

You did a good job to share this information with us on the local board so that those that don't like going to the general boards can see the thread. This incident will help most of the beginners in the crypto space to know that it is very important to invest or trade with what they can afford to risk because nobody will be able to know what the next moves will be when the price is high. As a matter of fact, only I believe only traders were affected by the market, long term investors wasn't affected, this is a very good reason why it is good to invest into Bitcoin and not trade.

[Marvelockg]

So this proves that emotions and stress must be controlled when investing or trading, even investing or trading should be done with restraint. By the way, please, everyone should not be as stupid as the person from Ukraine mentioned because if the trader is alive, there is an opportunity to make a lot of money.

seeing this news flying around, the thing that comes to min is, will an average Nigerian crypto trader commit suicide after losing a huge amount? is it even worth it? this is part of the reason why it is advisable that every trader tries to play safe or at least go in with an amount that he can afford to loose but people are usually hard on themselves and get themselves all in until disaster sets in.

The white are the ones that are prone to allowing their emotions get to them if not, regardless of the amount you have lost, staying alive for yourself and your family is the only guarantee that you can recover that loss. when you commit suicide and dies in the process, you end up inflicting more pain this time around not just to yourself but to also your family.

[Marykeller]

Na because of this reason we d always advice people to invest in what they can afford to lose so that when the market crash so, they won't commit suicide.

It's unfortunate sae there are people in the crypto space who can't control their emotions when the market crash. Had it been he learn to invest with amount he can afford to lose than investing heavily, this suicidal thought won't be thought of. Instead em for take am as one of those things peso d see for volatile assets like crypto, with time the market go bounce back.

Now, em family are bereaved because of this ugly action of their brother, if their brother had learn how to invest wisely. However, I just hope the family get to forget this, not thinking crypto as evil that came to destroy lives, which is big fallacy

[Ndabagi01]

So this proves that emotions and stress must be controlled when investing or trading, even investing or trading should be done with restraint. By the way, please, everyone should not be as stupid as the person from Ukraine mentioned because if the trader is alive, there is an opportunity to make a lot of money.

No reason should be worth taking your own life. Everybody much have faced financial downturn one way or the other but with perseverance and determination of the better outcome, one can always have a chance to get back their losses and make profit once again. The market crash really took a bad turn and many big investors got affected and loss millions of dollars, but taking your own life is out of the sadness you must have faced from the market. When there is life there is hope, but when you’ve taken your own life, you’ve brought an end to your struggle for financial goals and freedom.

[Jubilee58]

For this very reason, i would say cryptocurrency trading is for the strong minded people, and bear in mind that no matter how good you feel you are in trading, some day you must make losses, don't think you will make profit in all your trades, and therefore, it is advisable to trade with the money you can afford to loose.
As a trader, it is advisable to take some precautions while trading, for instance when you are very tired as a result of activities don't trade, when you engage in trading and you discover your losses is more than expected make sure you quit from that trade.

As a trader, it is advisable to have some break, ensure you do not trade everyday in order to enhance efficiency, and even when you decide to use trading robot, make sure you use the right strategy, and ensure you monitor your trades despite you are making use of robotic trading.
Some people use to copy trades , while copying trades ensure that the trader you are copying fits your own strategy, not every trade is worth copying, and if you are unsure, try setting up your own strategy in other to avoid much mistake.

To other traders, this should serve as a lesson, even if you lost money during trading, try as much as possible to contain it, and do not try to take away your life.
If you loose money during trading, you made that money, and you can recover it if you are alive, so be very strong and cautious when making your decisions and avoid impulsive decision.

[Callido]

With his experience he should know better than taking his own life. Such situations are why we keep speaking about trading as being risky and traders should be ready for whatever happens in the process. The pain of losing everything you've raised because of sudden crash, it looks bearable until it happens.

To be on a safe side, traders should trade and build an investment portfolio at the same time instead of using all funds to trade, the market is unpredictable, such tragedy will now give people the wrong view about bitcoin and cryptocurrency without knowing this can be avoided.

[Hyphen(-)]

To other traders, this should serve as a lesson, even if you lost money during trading, try as much as possible to contain it, and do not try to take away your life.
If you loose money during trading, you made that money, and you can recover it if you are alive, so be very strong and cautious when making your decisions and avoid impulsive decision.

Applying risk management is very important; some traders are so confidence that they can’t use stop loss in their trades while crypto market is not predictable; just as it happened that day, no one expected such a massive dump, and we have seen liquidations of multi million dollars from traders. Although we don’t know the amount they won in trading before now, but losing such huge amount for nothing is really bad, that’s why risk management is very important no matter how confident you are about the market contortion, anything can happen.

[mustapha67]

Emotional traumatic trade ends up losing his or her investment and life. Unguided anger can lead to frustration, and frustration can lead to suicide mission. Business is anchored on profit and loss, as marriage is for better, and for worse.

A man marries a woman whom he thinks will submit to him, and keep his home. On the contrary, the woman turns out to be a devil against the man's thought, and desire. What do you think the man should do, kill himself..? Of course, no! He needs patience, perseverance, and telorance to absorb and sustain the marriage. So it is to a trader. Calm down when what you expected in you investments didn't work out. Control your thoughts and emotion to avoid disaster.

[Iroh]

It's certainly not wise to make decisions or actions leading with your emotions. It would almost always turn out wrong. It's really sad to read about such news like the demise of the Ukrainian trader mentioned in the OP.
I get the shock and feeling of hopelessness when you lose all you've got overnight. It can be really depressing. But we also shouldn't make rash decisions in that state of mind. In life, when all is seemingly lost, there's always hope to hold onto. If you've strived and made it to the top of your game before losing everything, always remember that you can still do it again.

[gracreavix]

This should be a lesson to people who let emotions take over them especially in something as unpredictable as crypto. The market will always experience both up and downs but losing control because of losses only make things worse . Also maybe he is managing alot of money for people that can  which he lost with own money can be the reason why he did it.

[Judith87403]

This is quite complicating, I'm still finding it hard to believe that the downturn in the market is what led him into committing suicide. He said about financial issues the issue may not even come From the trading aspect maybe there could be other related cases, but since he's obviously a trader so people are now capitalizing on that fact to justify the reason behind his death. I know for a fact that this can also contribute to his death but not entirely sure if that's the main reason why he did that. I don't mean to dispute on this fact that says control your emotions when it comes to trading or Investment, of course emotional control is very important while going into trading or Investment because without you having  emotional control there's no way you can be able to scale through.

[Abbatty]

When will people understand that taking your own life is not a solution? Suicide is very common in the cryptocurrency world nowadays especially when the market takes a sudden turn that cuts deep into the heart of traders and investors. Losing money is not the end of the world and with life you are bound to make back whatever you have lost. Most people are not in control of their emotions which is caused by trading with money higher than you can afford. They are aware of the market volatility and know that anything can happen but still went on to use money they don't want to lose. risk management is very crucial in trading and Investing and every trader should never neglect it.

[Mvtech]

That is not a very good news, its just show that while trading you need to have some level or confidence or backup plan so you do not tie all your self worth to the market performance, because we all know that regardless market will always move as it wants to, and we can never be to sure of the market direction, and also you should have it in mind that losses are always part of every traders journey and i believe with such mind set you should at least have some boosted confidence, what really matters is how we handle the moment of losses.


When price falls, it is normal to panic or feel frustrated or anxious, but making permanent decisions over temporary losses is never the best way, no trade or coin is worth risking our mental health for, take breaks go out talk to people, just stepping away from the screen for a while can help when this gets too overwhelming


Trading should always be don with perspective and discipline. As long as we keep pushing here is always and opportunity or another chance to rebuild what we have lost and and recover too, the market will move up and down but our well being and mental health should remain out top most priority.

[PremiumcryptoHub]

The white are the ones that are prone to allowing their emotions get to them if not, regardless of the amount you have lost, staying alive for yourself and your family is the only guarantee that you can recover that loss. when you commit suicide and dies in the process, you end up inflicting more pain this time around not just to yourself but to also your family.

You are right that this white Ukrainian man could not control his emotions which became fatal for his life. It has been observed recently that the cryptocurrency market has suffered a lot, in fact the US President has imposed 100% tariffs on an Asian country and since the announcement of new export controls on software, we have observed in depth that the market is no longer moving upwards to a significant extent. Struggles are involved with everyone, and everyone who is an investor or trader has to face market downturns. But the Ukrainian man was so devastated that he couldn't accept the market downturn, there is nothing more valuable than life, be it an investment portfolio or the money earned from trading.

As far as I know he was kind and even lived a luxurious life, because he donated millions of dollars to humanitarian aid during the ongoing conflict in Ukraine, which was among his noble qualities, in fact it seems to me that he inspired many people to live through his money, but that person considered his life priceless, which led to his suicide. Anyway, this person had a trading academy, that is, he founded a trading academy called Cryptology Key, which means that he was completely involved with digital currencies.

Even we saw that he owned a few luxury cars, including a 2020 Lamborghini Urus and a 2023 Ferrari 296 GTB, maybe these cars are worth a lot more in Ukraine so he would have used them instead of his financial loss, and if he had been aware of himself, he might have been able to maintain his patience even after the market declined.

Known for his extravagant lifestyle, Galish reportedly owned several luxury vehicles, including a 2020 Lamborghini Urus, a 2023 Ferrari 296 GTB—the only one of its kind in Ukraine, valued at approximately $360,000—and a 2012 Mercedes-Benz 220 CDI. Some reports claimed that Galish spoke about his financial loss before his suicide. He reportedly sent a farewell note to his loved ones.

[B-BossMan]

While scrolling through various news, I was disappointed after seeing this news of a trader because a trader in Ukraine committed suicide with his own gun in his Lamborghini. In fact, no one has the power to predict in advance what kind of situation will develop in the market, even trying to adapt to any market situation is the job of a smart trader or investor. Yet when the crypto market crashes, many may not be able to contain their emotions, leading them to start disruptive behavior. Just like this Ukrainian man committed suicide because of the market downturn, which we should all avoid, In fact, maybe no one should commit suicide because of the cryptocurrency market ups and downs.

I don't know why cases like this weaken my emotions. You know, when there's life, there's a lot to do, and many hopes are yet to come. That's why it's always advisable to have strong confidence so that as a trader, you would be able to tackle any challenges that come over your life in terms of trading or any huge amounts you lose in your cryptocurrency trading or investments. The same thing goes for gamblers. I have seen a similar case like this happen in my community, where a gambler staked all the cooperative money given to him and eventually lost it. At the end of it, he was rushed to hospital.

So it's very important to know how to control your emotions; don't just kill yourself because of the huge amounts you have lost. Nothing will bring back the money even after you've killed yourself. Taking your life is never an option or solution to your losses.

Moreover, this unfortunate incident serves as a reminder to traders and investors also; they should bear in mind that markets are always in rotation. It can favour you today and leave you heartbroken tomorrow, so just learn how to reduce risks and be able to manage risk in trading, investing and gambling.

[Mpamaegbu]

Yet when the crypto market crashes, many may not be able to contain their emotions, leading them to start disruptive behavior. Just like this Ukrainian man committed suicide because of the market downturn, which we should all avoid...

I nor care to know how much wey d persin get for crypto investments or how rich wey dem dey, once I see any investor getting depressed bc of wetin market dey do; I dey know sey fat persin na baby. So, na only good times dem dey expect in an industry wey don first promise u sey u go cry? CRYpto. You dey reason am? Dem supposed burn dat dude, not bury.

...he made a rash decision when he should have considered that all markets would recover and the prices of the coins he used to trade may also recover.

Futures dey different from Spot. With Futures once e hit liquidation, otilo foreva. Dis na reason why persin wey nor get mind nor supposed near Futures trading. E go show u shege banza if u nor dey careful.

[Promocodeudo]

This should be a lesson to people who let emotions take over them especially in something as unpredictable as crypto. The market will always experience both up and downs but losing control because of losses only make things worse . Also maybe he is managing alot of money for people that can  which he lost with own money can be the reason why he did it.

I understand that some situations we found ourselves can make us to start thinking about some silly stuff but I don't think that it makes any sense for anyone to take his own life because of what we know thats already controlled by fluntuation and volatility, the cryptocurrency market is unpredictable at all time, so if anyone wants to trade or invest it should be something you won't get tensed on, if this guy was just a long-term investor, I don't think he would've considered taking his own life as an option because I remember that after the unexpected sharp market decline, the market recovered a bit before it went back to the price it is at the moment but all this doesn't worth life taking.

[justinlamode]

I heard about the incident of the death of the trader than happened due to the crash in crypto market. I felt so bad because it was an avoidable situation and I just wonder if he exposed all his equity to the market at the same time. This is why it is always better to trade with part of the capital and not everything you have worked for in the form of over-leveraging. I think emotions was not the only problem in this case, greed played a major role to because without greed

[Makus]

When I saw the news it was really disappointing that such a promising young man would kill himself for something that's considered to be a temporary problem. This isn't that first time that the market has crashed even though it hasn't been to this extent and happened so suddenly it still doesn't change the fact that the bullish season would return. It was reported that over 2000 crypto investors took their life. Life shouldn't revolve around crypto, it's important not to put all your eggs in one basket, diversify your investments and while you are trading crypto control your emotions