A GUY COMMITTED SUICIDE BECAUSE OF BITCOIN

[lionheart78]

Once you lost your private keys, then everything could lead into losing your bitcoin. And when that happens, in my case, I think I would be very depressed and frustrated. So I have to buy again and hold, and just repeat the process, that's the only way so that frustration will be lessen in time.

I can go with this path too.  If ever I lost my private keys and password to my BTC wallet, I can be frustrated, depressed, but will eventually manage to accept the losses and move on.  Life is way more precious than any money, money lost can be earned but life lost means the end of everything.

Committing suicide, that's just an act of foolish and irresponsible individuals. We may lose our bitcoin, buy hey bitcoin is not a do or die. We can proceed to earning again with bitcoin, or shift into other  investments that we think there is less risk and less stress if ever. But never reach to end your life, there's always a solution to every problem given in life.

Committing suicide indeed is a foolish act.  Most people who do this are those detached to the world, they don't have anyone to share their burden with and no one who can advise them to do.  The frustration that leads to depression is very dangerous.  Without an established importance for life, people will have a big chance of taking it without a second hesitation.

I believe the story has nothing to do with Bitcoin but rather has something to do with the moral of a person.

[Satofan44]

Stupid people will be stupid, that is all that there is too it. Many people like to virtue signal themselves into delusion or to other people in public so that they can believe that they are good people for "feeling" for some random deceased person. Such people are just hypocritical idiots, who are neither good nor smart people. Why? There are people who are committing suicide every day and perhaps every minute -- many of them for many disturbing reasons, reasons which have nothing to do with somebody's irresponsibility, they are often the victims of various abuses and cruelty. Perhaps those are the ones that you should feel empathy for if you are going to feel it for anyone, and not some random idiots that fucked around and found out the consequences.

Can you share your own view ; just assume you lost your phrase key accidentally or coincidentally what will be your first action .
Let me say my own actions ; I will sleep all through that day and wake up and sleep again and keep on sleeping until the thought disappear 😂😂😂😂😂😂😂

Your answer is dumb, but many people will do it like you would. They run away from consequences, from reality -- to their own detriment. Reality is not going anywhere, and by doing this you are harming and weakening yourself. Instead the only correct way is to face this loss head on -- it will hurt if you have significant holdings, but if you are an idiot you may exaggerate your feelings even if what you lost is not significant. However, this should be primarily used as a learning opportunity. This can only happen if you have seriously fucked up somewhere, somehow. If you look at the data of compromises, in 99.9% of the cases it is the user's fault. Very rarely are there Bitcoin wallet-level exploits that affect all users equally. Most people lost money by installing something stupid or giving away their seed phrase. As I said, accept the consequences of your stupidity as soon as possible -- it will be better for you.

[Ronsbit]

It is very sad, though, but the truth remains the fact that even if he does such a stupid act, Bitcoin still exists without him, and he just lost it all by giving up on something he could have been able to handle without being this stupid. OP incase you come up with sensitive stories, as such, you should try to give us the source so we can read further to get more insight about the event, so we can get grabs of what really transpired properly, because the information you have given us is not really complete.

[Odogwu-Blockchain]

Maybe that victim is a young boy who hasn't had the experience of life, and hasn't lost anything before. He has a kin heart where all his hope is lost.

I just asked myself, if he has gathered lot of money from any source to buy Bitcoin and all lost, won't he go to the same source or another to gather another money again but wiser this period?

I felt for him and his family.

[uchegod-21]

If he didn't commit suicide, he may still die from High Blood Pressure as a result of the depression that'll he'll face from losing his bitcoins. It is easy to condemn one's actions because you ain't wearing the shoes he wore. Believe me, that shit hurts badly. Whatever we do, we should make sure we don't end up like that young man who committed suicide. It might not be by losing seedphrase; it might be from interactions with strangers, outright theft or anything else. Don't just let misfortune before you

[ejikeme24]

But he should have known that there's still time for him to start all over again and just used what happened as a lesson, but it is very bad that he couldn't even give it a second thought before make his final decision. I know it's not easy to loss a precious asset like Bitcoin but it is a mistake Which he's the one responsible for that, or maybe he think killing himself would be the best way to treat his fuck up? If that's what he think then I would say that he didn't make the wise decision because if he had just use that as a lesson and start his accumulation journey all over again he would have move very far in his accumulation journey before this time. Most people fail to understand that mistake create room for correction no matter how expensive the mistake is.

[Finestream]

There's always a threat that comes with wanting too much money in life. Greed is part of human's nature but it should never reach to the point of ending our life just because we lost a valuable amount of wealth or investment. Indeed, the greed for money and wealth does no good at all.

Bitcoin is just a material, life is sacred, but ending life just because we lost a valuable amount, that's definitely beyond unreasonable. He could have just buy bitcoin again and slowly increase the amount, than taking his life because the pain seems unbearable.

[Powerjumboo]

While I was reading an article I saw that a guy committed a suicide because he lost the phrase key associated to his Bitcoin wallet and he could not bear it , because he had a lot of Bitcoin stored in his wallet .
One thought came to me ; when their is life there is hope , you can’t take the life God gave to you freely , tho it might be painful but it not worth taking your own life . After you commit that suicide Bitcoin space will still continue that life .
Can you share your own view ; just assume you lost your phrase key accidentally or coincidentally what will be your first action .
Let me say my own actions ; I will sleep all through that day and wake up and sleep again and keep on sleeping until the thought disappear 😂😂😂😂😂😂😂

What the man did here was not right at all, he sacrificed his life for this Bitcoin. If I were here, I would never do such a thing because no matter how expensive Bitcoin is, it is nothing more than my life. If I can enjoy my life beautifully, then I will be successful in life, but when I choose the path of suicide, then I will deprive myself of this beautiful environment of life. If ever I lose the seed phrase of my wallet, then I will always try to explain myself and if necessary, I will go on a trip with friends. When I travel, I will be able to deal with this situation and accept it very easily.

[serjent05]

If he didn't commit suicide, he may still die from High Blood Pressure as a result of the depression that'll he'll face from losing his bitcoins. It is easy to condemn one's actions because you ain't wearing the shoes he wore. Believe me, that shit hurts badly. Whatever we do, we should make sure we don't end up like that young man who committed suicide. It might not be by losing seedphrase; it might be from interactions with strangers, outright theft or anything else. Don't just let misfortune before you

One way to avoid this kind of incident is to give value to life above anything else.  Cherish the life we had, may it be full of troubles or problems because everything will be sorted out and fixed in due time.  Taking our life due to an uncertain event in our life that leads us to huge losses is not the right thing to do.  Lost finances can be earned as long as we are alive.

Although it hurts badly, people who give high value on life won't do such a thing.

[Vaculin]

This is the reason why we should not marry our bitcoin, or any kind of wealth because once they're lost, its like we also lost part of our life. And the process could be very painful.

But taking your life just because of wrong behavior towards your investment, that's insane. Life is more precious than bitcoin, and only the Creator can take away our life, so this is a very wrong move.

And OP's right, where there is life, there is hope, but I think that person is totally hopeless and helpless and no one's around to enlighten his mind. That's why its an advantage also if we have friends to share our deepest agony in life.

[Oasisman]

If he didn't commit suicide, he may still die from High Blood Pressure as a result of the depression that'll he'll face from losing his bitcoins.

Was he clinically diagnosed with high blood pressure? Cause if he's not, he most likely is going to survive if he did not end it all.
depression could sometimes lead to suicide, and it looks like this has been the case here.
You can't blame people who say it was a stupid decision, because honestly, it really is. Though we all have different approaches to every problem that we face, ending your own life is the most stupid solution, EVER!
No matter how soft a person is (I know we all have different emotions), we can't justify suicide. We don't want to give reasons to others who have been planning their lives as well to do it because we are justifying it. No, tell them, suicide is not an honorable death, people would remember them as a "chicken" sh*t, who can't face their own mess.
Don't get too soft on suicide cases, believe me, it will feed others to develop self-pity because there are people who keep justifying it.

[tbterryboy]

Maybe that victim is a young boy who hasn't had the experience of life, and hasn't lost anything before. He has a kin heart where all his hope is lost.

I just asked myself, if he has gathered lot of money from any source to buy Bitcoin and all lost, won't he go to the same source or another to gather another money again but wiser this period?

I felt for him and his family.

Making or saving money is not that easy that someone can do it again after losing what they had saved so far. It takes years for an average person to save enough money that they can use for something, like an investment or a business, and if the business or investment doesn't work out for them, they are basically done for another decade or so.

Whoever who takes their lives must be going through a lot of mental stress after what had happened to them, because it is said that those who commit suicide loss the ability to think rationally before 15 minutes of actually doing it, and that's because they reach the peak of depression.

Incidents like these are the reasons why it is not recommended for people with careless natures to invest money in Bitcoin and cryptocurrencies or anything where they might need to manage their finances themselves. Such people can only do good if there is a third-party involved that is managing everything for them, because they can't handle their own accounts or wallets properly.

[Rabata]

When a person has acquired a large amount of wealth over a long period of time and if that wealth is lost forever due to his own mistake, it will certainly be a great regret. However, as a wise person, he must think that if the wealth is lost, it can be regained through hard work or anything. But for those who had previously purchased and held more Bitcoins, it may be very difficult to acquire that wealth, but it is not more valuable than life. It may be that the person who lost his wealth has learned a great lesson, but those who have not yet had this experience must be careful so that they do not make such a big mistake like that person.

[uchegod-21]

If he didn't commit suicide, he may still die from High Blood Pressure as a result of the depression that'll he'll face from losing his bitcoins.

Was he clinically diagnosed with high blood pressure? Cause if he's not, he most likely is going to survive if he did not end it all.
depression could sometimes lead to suicide, and it looks like this has been the case here.
You can't blame people who say it was a stupid decision, because honestly, it really is. Though we all have different approaches to every problem that we face, ending your own life is the most stupid solution, EVER!
No matter how soft a person is (I know we all have different emotions), we can't justify suicide. We don't want to give reasons to others who have been planning their lives as well to do it because we are justifying it. No, tell them, suicide is not an honorable death, people would remember them as a "chicken" sh*t, who can't face their own mess.
Don't get too soft on suicide cases, believe me, it will feed others to develop self-pity because there are people who keep justifying it.

The deed has already been done, we all who are still alive can now take some lessons from this experience. As much as it is good to invest in bitcoin, putting all your eggs in one basket is another kind of risk. I am assuming that the young man who killed himself lost his live savings through his own carelessness. Maybe if he had something else he can fall back to, the option of death wouldn't have come to his mind.  If you must invest in bitcoin, prepare your mind for the responsibilities ahead.

[cr1776]

Misleading title, he didn't commit suicide because of bitcoin he did that because of his irresponsible behaviour.

I am accumulating bitcoin for almost 2 cycles so if I lose the keys to all of them then it will definitely hurt me financially and can even go broke stage but this isn't the first time for me so I will say I will find a way to come out of this and this isn't the end of the world.

Lost money, it can be earned again but lost the life then it is the end.

Exactly, nothing is worth taking one's own life over.  You can recover from the loss of funds, but not your own life.

[mcdouglasx]

I think including Bitcoin in this is the same as saying he lost money gambling, a scam, a bad investment; it's a sensationalist headline, since he didn't do what he did because of Bitcoin, he simply did it because of the loss of something of value, and this can happen with money, jobs, people... and it's an emotional problem. It's very easy to come here and say I wouldn't do it for this or that reason, but the reality is that you have to experience the problem to judge it.