A must read for all beginners

[Japinat]

For some who have sound financial health, $670 is not that much, but for others who are looking forward to make a decent profits from their last money, losing this amount could eventually lead them to end their life.

There is no wrong in investing, but always invest that won't compromised your finances, or just invest a small amount first especially if you are still a beginner in bitcoin or any other highly volatile investments.

Invest only what you can afford to lose. Investing is also like gambling, there is no guaranteed positive outcome no matter how you try your best to make the most of profits.

[CryptopreneurBrainboss]

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.

The first and most important rule of investing is never to bite more than you can chew (that's not to invest money that you can't let go of if you lose it), people are too quick to make decisions on investment that they later regret because they lack the fundamental knowledge on investing and that is why not everyone turns out to be a good investor. You and somebody can invest in something but it favours you more than the other because they lack the attributes of an investor which is rare. In no condition should you invest an amount that it will lead to you committing suicide, you shouldn't invest others money or if you are willing to take such risks then you should be ready to accept responsibilities when the time is right. Investing isn't that hard but you must learn how to play by the rules or you get taught a big lesson that you might never forget.

[Vaculin]

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.

Maybe he was already in a very low situation before this happens, so you can't expect for him to stay firm despite of these negative circumstances.

This is why I don't suggest people to invest even in bitcoin because I don't know if they would be flexible enough in managing the negative outcomes. While some have this high risk-tolerance, most of the new investors are still starting to learn about risk management, and some of them may even refuse to learn because they also have their own views and perspectives when it comes to managing risk.

[bhadz]

That is why hype is dangerous and it can put a lot of stress in our lives. Don't buy those altcoins who have been endorsed mostly on socials or x because they're going to make you as their exit liquidity. Many newbies still don't realize that they're just fooled and play around by these influencers when there's a pump that happens. Don't believe with the posts they show you because that's the point why they're showing it to you, to make you interested with what they have bought and help increase the volume so as the price so they can exit and sell.

[LogitechMouse]

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.
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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 👆🏻👆🏻👆🏻👆🏻

Am I too hard enough when it comes to things like this. I mean I want to feel a bit of empathy towards the one who made the tweet... but I can't feel anything. Maybe it's because there's a chance that this is just a made-up story just to gain... sympathy I guess? We are in the internet where anybody can just make up stories, right?

Anyway let's just assume that this is true, then it's quite unfortunate for both couple to end up like this. Losing $670 might be small for some, but assuming that they're living on a developing country, this is already huge for them. This is the reason why many including me are saying that "Invest what you can afford to lose." Don't invest your life savings, don't invest your retirement fund, don't borrow just to have money to invest, don't do stupid things just to invest. Only invest your spare money. I get it that not all can do that, but I believe that people here in the forum are more intelligent thus, I believe that they'll not be doing a thing like this. Right?

Overall, if this is true then it just shows how cruel the crypto space is. Always think of our decisions because one wrong decision could change our life entirely.

[shinratensei_]

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.

Maybe he has gone through so many devastating event and the $600 being stolen was the last straw.
This is a lesson for many of us to never put ourselves into a corner and it's not the first time people are pushed into the corner until harming themselves is the only way they can think of.

The trench is merciless and everybody is fighting each other, it's like a pvp. Even if we stubbornly keep speculating on the market, make sure we will never clear our bank ever and limit what we can spend.

[maydna]

Hey I heard about this ansem token or coins or meme in Telegram chat with my group. I can't imagine if people spend much money to invests without research.

Investing in crypto is very risky so they must research and not just follow other suggestion. They need to responsible to their funds and just invests using the money they can afford.

But unfortunately, greed making them spends much while they dreaming of making much money after some short time. Before you start investing, you must allocating money you can and that is after you allocating to your daily needs.

[Jegileman]

There is no setback in life that is worth you taking your own life and taken your own life will not solve the problem but will further make the scenario look worse for those you are with not knowing how to cope with the loss. No any investment is 100% free of risk, if it was free of risk, then it was never what you would have wanted to put your money into, you would definitely not see it as a reliable option to invest into. After every setback, it gives you experience and you must have learnt a lesson that will help you later in the future, don’t take decisions too hastily and you can always restart and get it right. Only the ones that are gone have truly failed, as long as you’re still alive, you still have a purpose to achieve.

[Finestream]

Investing does not mean immediate profits, you might still face some inevitable losses along the way. So if you are not prepared to lose yet, because you invested more than what you can afford to lose, then never enter the world of investment.

If you have no reliable source of income, or no established savings in your bank, then get rid of any investment. Depression will kill you eventually, that could lead to take your own life, and this is something that shouldn't be tolerated regardless how deep is the reason is.

[freedomgo]

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.

Simply put, do not enter any kind of investment if you are still unable and incapable. Investing does not only require sufficient funds, but you also have to be ready with your emotions whenever your plan does not work or expectations aren't met.

Having weak emotions have no room in any types of investment, you have to stand firm and strong whatever the outcome is. But since greed is what makes them push their decision to invest, hence its not surprising why these people eventually think of suicidal, as greed could lead to death in the long run.

[cyberninja2]

...

Having weak emotions have no room in any types of investment, you have to stand firm and strong whatever the outcome is. But since greed is what makes them push their decision to invest, hence its not surprising why these people eventually think of suicidal, as greed could lead to death in the long run.

When investing, I don't think we need to be weak, as this weakness can make us feel less confident, ultimately delaying our goals due to a lack of confidence and mental fortitude when the situation is unfavorable for us, especially now with the market in a drastic downturn. It's certainly a matter of anxiety about starting. Therefore, it's better to have a strong character so that in situations like this, we can continue investing without fear of what will happen to us as those with a strong Bitcoin investment mindset.

We must protect this greed, because otherwise, I believe, no matter how much we have, it will be depleted without any benefit to us. Others can only provide a temporary picture. The decision to not act on this greed lies with us, who must protect and safeguard it. We will continue to face problems when we act without considering the personal benefits, ultimately leaving us with nothing, making our grip on it impossible to regain its former hold.

[Big Dirams]

Investing does not mean immediate profits, you might still face some inevitable losses along the way. So if you are not prepared to lose yet, because you invested more than what you can afford to lose, then never enter the world of investment.

If you have no reliable source of income, or no established savings in your bank, then get rid of any investment. Depression will kill you eventually, that could lead to take your own life, and this is something that shouldn't be tolerated regardless how deep is the reason is.

As a person the moment we step out foot into the digital world we should understand that losses are part of the journey no matter what we find ourselves doing in the crypto market either we are trading, investing or anything we should just accept losses as part of the journey.
Investing doesn’t guarantee good returns so our expectations from investment should be limited and for our own benefit we should always invest with what we can afford to lose. And discretionary income is a perfect example of funds should be use for investing as an investor.

[Powerjumboo]

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.

The amount of $670 is not very much and a person cannot choose the path of suicide for this. Moreover, a person's entire life's wealth is not this $670 but he may have taken more loans or committed suicide for some other reason. But whether he lies or tells the truth, investing according to the ability to lose is good for everyone, not only investing but also trading according to the ability to lose is good for everyone and especially investing in some coins which have a good future.

[Y3shot]

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.

The problem people have is the lack of knowledge, and they see Bitcoin like all other altcoins. This is why, when a new project is launched, people want to invest in it, just like the early investors who invested in Bitcoin.

Some people feel Bitcoin no longer has potential for profit and believe that only in these new projects can they make good profits. Bitcoin remains the best among all digital currencies, and it is still valuable for profit. To get this right, people need to first invest their time to understand Bitcoin and altcoins, which will provide a clear understanding of how to invest in Bitcoin because of its value.

[Gozie51]

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.

That money is actually small to decide such an obnoxious act. In fact, I don't know what can make someone take their life by themselves. That is outrageous. I have seen people who lost wife and children in an accident yet they decide to live.

He is probably depressed and couldn't manage to control himself. Losing a girl friend or $600 does not worth taking his life and this is why people are advised to invest minimally according to how you can bear the lose.

[ChocolateBitcoinK]

Investing does not mean immediate profits, you might still face some inevitable losses along the way. So if you are not prepared to lose yet, because you invested more than what you can afford to lose, then never enter the world of investment.

If you have no reliable source of income, or no established savings in your bank, then get rid of any investment. Depression will kill you eventually, that could lead to take your own life, and this is something that shouldn't be tolerated regardless how deep is the reason is.

As a person the moment we step out foot into the digital world we should understand that losses are part of the journey no matter what we find ourselves doing in the crypto market either we are trading, investing or anything we should just accept losses as part of the journey.
Investing doesn’t guarantee good returns so our expectations from investment should be limited and for our own benefit we should always invest with what we can afford to lose. And discretionary income is a perfect example of funds should be use for investing as an investor.

Not only in the case of crypto, but the reality is that in every case, there is definitely a risk involved, we cannot avoid risk in any case. Whether you do a business, there will be risk, whether you make an investment, there will be risk, no matter what you do, there will be risk, so you have to be careful in all cases, keeping the risk in mind, in no case can you create a mindset of guaranteed success. Because we will not get guaranteed success in any case, that is why everyone should understand their own capabilities, and work carefully, so that you do not have to face a very difficult situation due to a loss.

[Natalim]

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.

That money is actually small to decide such an obnoxious act. In fact, I don't know what can make someone take their life by themselves. That is outrageous. I have seen people who lost wife and children in an accident yet they decide to live.

He is probably depressed and couldn't manage to control himself. Losing a girl friend or $600 does not worth taking his life and this is why people are advised to invest minimally according to how you can bear the lose.

People with heavy depression sometimes create worst decisions in life, and going on suicidal is not impossible. Maybe apart from losing his last money, he is also facing previous challenges in life that made him totally tired and burned out. And if you have no family or loved ones around that could be your support system, I guess overcoming this kind of situation will be very difficult.

In the end, taking your own life will never be a valid reason no matter how heavy your burden is. Know that every problem comes with certain solutions, you just have to explore for it and find the answer to your life's problematic questions.

[HustleZ]

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.

There are people like him who are really sensitive but want money too, they act fastly at any thing they see can make money for them and they just have profit in their mind neglecting the losses the same thing also has and that becomes the reason for what that man could have done. They are too much in need and too much sensitive to lose that and that is brought by fate noone could stop themselves from shooting their last shot with hope of winning bigger and impoving their circumstances

[Humblevirus]

I have been seeing news where some people committed suicide because they lost money through gambling, trading, or other investments. However, the amounts I have seen before were always much higher than the amount I just saw now.I know that no amount of money is worth someone taking their own life. However, there are certain amounts of money that, if someone committed suicide over them, people might think it was because the loss was too great, it was unlikely to be recovered, or it was borrowed money that the person had no means of paying back.But $670 is not a large amount of money, especially since it was the person own money that was lost why going to such lengths to take it life,it very bad.You gave good advice op,people should only invest money they can afford to lose. That is the best way to avoid being  affected, because someone lose what it can afford it with not affected home or her.

[Alphakilo]

The sting of suicide inflicts so much sadness and pain in the minds of those left behind no matter how much they seem to not care, but life goes on and the market continues to build and scale for those who understand it, can manipulate it to their interest and can make good gains from it.
It's just bad emotional state that causes this kind of suicidal thoughts and that's why it's good to have other hobbies and interests that excite us without having to spend money to get it.

Everyone must not trade or invest in crypto currencies and that's a fact because not everyone has same level of tolerance and wisdom to maneuver or make it through. If we stick to what we know and try to make it work on our behalf it is worth a shot instead of feeling sorry and doing the wrong things , thinking it would make us feel alright.