A must read for all beginners

[YellowSwap]

Be careful how you choose to invest in cryptocurrencies, do not end up in a situation whereby taking your own life will be the only option you have left, successful millionaires around the world advise people to invest 1 or 2 % on any investments for this reason.





If you know that losing all you have can make you take your life, then you are not fit to invest yet,  you need a source of income first, then when that money comes make sure you invest only what you can afford to lose.

Understand that the risk of losing money still stands because this market is very volatile too, even the most reliable investment in my book which is Bitcoin, I still can't advise anyone to use all the money they have.

Do not end up like this man 👆🏻👆🏻👆🏻👆🏻

[Karl_3000]

The two most risky things in crypto are buying of altcoins that have no future and new project coins, these are the most common coins that are in the market. The second thing that should be stayed away from is crypto trading. These are the two reasons some people will miss the next bull market. I have been saying it but some people will just want to learn in the hard way.

He should not kill himself because of the money that he can make back.

[hugeblack]

I can't believe that anyone would decide to end their life because they lost $600. Someone might be upset about losing that amount, but not to that extent. Therefore, it's best to stay away from any investment altogether if you're going to be affected in this way by investing.

[CryptSafe]

I can't believe that anyone would decide to end their life because they lost $600. Someone might be upset about losing that amount, but not to that extent. Therefore, it's best to stay away from any investment altogether if you're going to be affected in this way by investing.

The $600 could be all they got, like their lifetime savings, which they had taken time and effort to put together, hoping to make much from it while investing it into a business. In this kind of situation, what is advisable here is to invest a little as one can aford to lose and not just investing blindly putting all their life time savings when they have no other sources of income as they can not be guaranteed the reliability and credibility of the business or project to give them a quick returns in time. It is not a magic that investment would yield a quick profit that fast except for ponzi schemes which would definitely crash within a short time interval.

[PostQuantumBTC]

I can't believe that anyone would decide to end their life because they lost $600. Someone might be upset about losing that amount, but not to that extent. Therefore, it's best to stay away from any investment altogether if you're going to be affected in this way by investing.

The person could be from a third world country that have a very low economic power. In countries like that there are some people that will also be poor or not above an average person, $670 can be a very large amount of money for such a person. I have seen people that it took almost a year or more than a year before seeing an amount of money in their life after hard work. But you also got a point because I do not think a person like that will be subscribing on X to have a blue tick.

[Israelgogo]

Be careful how you choose to invest in cryptocurrencies, do not end up in a situation whereby taking your own life will be the only option you have left, successful millionaires around the world advise people to invest 1 or 2 % on any investments for this reason.





If you know that losing all you have can make you take your life, then you are not fit to invest yet,  you need a source of income first, then when that money comes make sure you invest only what you can afford to lose.

Understand that the risk of losing money still stands because this market is very volatile too, even the most reliable investment in my book which is Bitcoin, I still can't advise anyone to use all the money they have.

Do not end up like this man 👆🏻👆🏻👆🏻👆🏻

This is serious but taken your life because of $670 that's more like a hopeless person. Well more to this my kindy advice is for everyone to live a life of your size by choosing what to eat, what to invest and what to give out. People always here invest what you cannot regret, invest what you can risk out but we still fall victim of calculating big profits unimaginable. Cryptocurrency is a digital asset that has the ability to dip out your investment. So choose investment wisely

[ColdLava40]

Do not end up like this man 👆🏻👆🏻👆🏻👆🏻

There is no guarantee of making profits in the cryoto market, so why would anyone get too headsup over profits?

This was same thing that happens last year December. We saw the news, many investors took their own life because of the market dump. Is that even enough?

Instead of taking risk you can't chew, why not live within your reach? Investment does not have to be too big, risk what you are able to afford. If you don't have other source of income, your should consider your conditions in life and seek some other path.

[348Judah]

Be careful how you choose to invest in cryptocurrencies, do not end up in a situation whereby taking your own life will be the only option you have left, successful millionaires around the world advise people to invest 1 or 2 % on any investments for this reason.

Once you are making an investment on any assets, consider yourself taking a risk, this may be what you expect all not, but always have it in mind that there is always a chance of losing and that of making profit.

Don't overrate an investment, make adequate research before investing, adopt a particular strategy to your investment before you go into it fully, diversify your investment as well in case of risk which may be coming at on aware time.

Maintain the normal security measures of what you have invested, this could be from preventing a third party access or any other thing that could render vulnerability to your assets or cause it to lose value with time.

[PostQuantumBTC]

There is no guarantee of making profits in the cryoto market, so why would anyone get too headsup over profits?

I disagree with what you said, there are guaranteed means of making money when you invested in cryptocurrencies, but people will be looking for the coins that can do 100x to 1000x or more with a short time period is the reason they are losing money instead of just investing in guaranteed coins which is the reason I prefer bitcoin that stand out among all cryptocurrencies. If he invested in bitcoin, he will make money.

[Bitcoin_Arena]

There is no guarantee of making profits in the cryoto market, so why would anyone get too headsup over profits?

I disagree with what you said, there are guaranteed means of making money when you invested in cryptocurrencies, but people will be looking for the coins that can do 100x to 1000x or more with a short time period is the reason they are losing money instead of just investing in guaranteed coins which is the reason I prefer bitcoin that stand out among all cryptocurrencies. If he invested in bitcoin, he will make money.

He is actually right... "There is no guarantee of making profits in the crypto market." In other words, every time you open that position, it is not a must that you are going to make a profit by the time you close it. Expect a loss to also happen and you should most especially prepare for the risk (what we know as risk management)

So many new traders just look at only profits and have dreams of getting rich within a week or month but never always think about the risk, and this is why most of them end up getting so depressed to the point of taking their lives.

[noorman0]

So crypto also works on the other side, weeding out people who can't be interested in truly useful coins or simply have overly ambitious wealth. It's good that he now chooses to hate crypto. At least this decision will save him from other shitcoin traps in the future.

But I don't think his final post about ending his life was serious. I see he's still active, and some people are trying to donate other shitcoins. Lol.

[SquirrelJulietGarden]

He is actually right... "There is no guarantee of making profits in the crypto market." In other words, every time you open that position, it is not a must that you are going to make a profit by the time you close it. Expect a loss to also happen and you should most especially prepare for the risk (what we know as risk management)

So many new traders just look at only profits and have dreams of getting rich within a week or month but never always think about the risk, and this is why most of them end up getting so depressed to the point of taking their lives.

If it is investment in altcoins, it's risky because altcoins are very weak, even scam.
How many cryptocurrencies failed?

If it is trading, it's risky too because altcoins can be very scam, as said, and with altcoins, people can easily use leverages that make them feeling like a chance of getting rich quickly. The fact is very opposite, altcoins can make many people poorer, losing money very quickly, especially if they are trading altcoins with leverages because with low trading volume, liquidations with altcoins can be very severe.

[Obim34]

The $600 could be all they got, like their lifetime savings, which they had taken time and effort to put together, hoping to make much from it while investing it into a business. In this kind of situation, what is advisable here is to invest a little as one can aford to lose and not just investing blindly putting all their life time savings when they have no other sources of income as they can not be guaranteed the reliability and credibility of the business or project to give them a quick returns in time. It is not a magic that investment would yield a quick profit that fast except for ponzi schemes which would definitely crash within a short time interval.

Still not enough reason to take their own life, I mean $600 can be a huge sum, but is a recoverable amount if the person works really hard to make it back. I doubt if $600 is up to a million in his currency, there are way worse problem that is way more than he lost, no matter the intensity of the situation, the amount lost doesn't equal his life.

Any crypto investment that is not Bitcoin, always carries strange risks and this risks should be noticed first before investing.

[CryptSafe]

Still not enough reason to take their own life, I mean $600 can be a huge sum, but is a recoverable amount if the person works really hard to make it back. I doubt if $600 is up to a million in his currency, there are way worse problem that is way more than he lost, no matter the intensity of the situation, the amount lost doesn't equal his life.

Any crypto investment that is not Bitcoin, always carries strange risks and this risks should be noticed first before investing.

We can not tell where he is from, but there is a possibility of what you have said about the amount being a huge amount of money, although in the West, such an amount is comfortable for a low-income earner, as their economy and cost of living are cheap and affordable.

As for crypto investment, no alt can be compared to bitcoin; likewise, its investment. Alts are very risky compared to bitcoin; that is why anyone investing in an altcoin should do their own research before attempting such an investment; otherwise, they will have themselves to blame for failing to do their own research.

[Royal Cap]

Here I want to say that the biggest mistake in investment is not buying the wrong coin but taking risks beyond our ability. There are many people around us who pour all their savings into one place in the hope of quick profit. There is a saying among us here Greed leads to sin, sin leads to death. This seems to have come to the fore in your topic. The market will follow its own rules but we have to take responsibility for our own decisions.  Although I have seen many people saying that $600 is too little money to commit suicide. But if you are a low income person, then $600 is a lot for them.

[Baki202]

Be careful how you choose to invest in cryptocurrencies, do not end up in a situation whereby taking your own life will be the only option you have left, successful millionaires around the world advise people to invest 1 or 2 % on any investments for this reason.





If you know that losing all you have can make you take your life, then you are not fit to invest yet,  you need a source of income first, then when that money comes make sure you invest only what you can afford to lose.

Understand that the risk of losing money still stands because this market is very volatile too, even the most reliable investment in my book which is Bitcoin, I still can't advise anyone to use all the money they have.

Do not end up like this man 👆🏻👆🏻👆🏻👆🏻

This is serious but taken your life because of $670 that's more like a hopeless person. Well more to this my kindy advice is for everyone to live a life of your size by choosing what to eat, what to invest and what to give out. People always here invest what you cannot regret, invest what you can risk out but we still fall victim of calculating big profits unimaginable. Cryptocurrency is a digital asset that has the ability to dip out your investment. So choose investment wisely

I don't think there is any amount of money that is worth anyone killing themselves because there is a popular saying that says that when there is life, there is hope and people are taking it for granted. There is no way that you won't bounce back life is more precious than money, so there is no way that you won't want to cover what you have lost and the truth about life is that it comes with is on challenges so this is what we are supposed to be prepared for as far as we are alive it is important to understand life only does that understand it will do better and aside from being a beginner, the market is full of shit at times.

[uchegod-21]

People are going to really wonder why someone will be willing to end his life because of $600, I am really not surprised. This may not really be all they've got but some people cannot handle losses no matter how much they still have left. Many people here condemning this act may even do worst things than suicide (if there is anything worse than suicide) but they do not know yet because they've not experienced any loss that is capable of making them do such.

It's still early now for those yet to experience this, to resist the urge to invest very huge amount of money they will kill themselves over if they lose it. The  profits to be gained shouldn't be the only central focus, risks management should be given priority too.

[BitMaxz]

That guy seems affected by his girlfriend's death. Losing money is not the only thing that drives him to commit suicide but also because of his girlfriend.
Well, I think this is a heavy feeling if you don't have a family. I will never do that, even if it means losing all of my money because I have a family.

Everything in crypto is volatile; that is why we need to do study and learn about the market first before investing. If you don't have risk management, you will end up the same as other traders and investors, ending up losing not only money but also their lives.

If you have a job, never resign, and only take a small portion of your salary; if you want it to grow, invest and trade. You can't just start trading without knowledge; it's similar to a military guy who isn't ready to go to war. You're just wasting your life for nothing.

[Myleschetty]

I can't believe that anyone would decide to end their life because they lost $600. Someone might be upset about losing that amount, but not to that extent. Therefore, it's best to stay away from any investment altogether if you're going to be affected in this way by investing.

I'm shocked that the individual decided to take his own life due to financial loss because many people have lost significant sums of money at some point and recovered; some even went on to achieve great success because they allowed their past mistakes to be a learning opportunity rather than a setback.
I guess it's all about how they can take the loss, and the people around them, because some people can do some silly things when they isolate themselves after a loss, and don't get the company of people who can help them ease their burden.

[Marykeller]

At the end of the day, the person that end their life is the one that lose. Because as for, the investment they lose their money to, will still exist in the crypto market, while a soul is resting in peace because of them.

I like to say it as a reminder that the crypto market is not for the faint-hearted. If you are not courageous enough to watch how your money is wiped out to a tiny air on altcoins, don't come near crypto investment to avoid having many sleepless nights because of unbearable losses that you can't control