A must read for all beginners

[Yorubek]

Investment is not an do or die event , that’s why I always tell folks to invest according to their budget . To avoid and prevent scenarios like this , because many has ended their lives like this especially those that are into meme trading those that focus on shitcoins .

The best way to invest is to make your research (don’t rush anything) , look for solid projects to invest in like BTC and try to invest in it and take your time to build a portfolio in it .

There is nothing greater or more valuable in the world than life, if we are not alive then this wealth will not be of any use to us, so it is important to survive first, then to lead a healthy and normal life and to fulfill all the needs, we need money to make a business or investment plan. Risk is present in every investment, but its amount is less and more.

Investing in Bitcoin can be profitable, but the investor must have knowledge about Bitcoin. If the investor does not have the right knowledge, he will invest more money than he can afford, taking extra risks just to get rich quick, and will never be able to bear the loss, through which the investor will face financial loss and make a decision like suicide. This is a completely wrong decision. Death can never solve everything, so it is very important to always remember one thing without forgetting that we should only invest or use the money we can lose for trading, whatever the result, keeping ourselves in control and protecting ourselves from any financial loss that can destroy our lives.

[Issa56]

Investment is not an do or die event , that’s why I always tell folks to invest according to their budget . To avoid and prevent scenarios like this , because many has ended their lives like this especially those that are into meme trading those that focus on shitcoins .

Most people investing are just so desperate to make money, and they don’t invest according to their budget, most of them are always competing with other people they know, so they always want to be the one with the higest investment which is very wrong. In bitcoin investment, their is nothing like competition, invest base on what you can afford to lose, if you try to compete with other people that earn more than you, then you might just end up regretting.

Memecoin is not a coin which I will even encourage anyone to invest in, if you are a investor, and you choose to invest in meme coins, then you shouldn’t be suprise when you end up losing everything you have, because you should know about the risk involved in it before investing in it, so that when you lose, you won’t be shocked.

The best way to invest is to make your research (don’t rush anything) , look for solid projects to invest in like BTC and try to invest in it and take your time to build a portfolio in it .

Lack of proper understanding is what is affecting lots of people now, it’s the reason why lots of people are losing their money. Some of them are always after quick money, so instead of choosing strong projects, they are always after memecoins that will give them quick profit.

[Shinpako09]

For some, it may be a small amount, but for others, that last amount of money is where their life depends. But still, that's sad to see someone in this situation. That's life in crypto, it's either it could make you rich instantly or could make you go broke right away.

That's why investing should come with careful consideration and don't go all in. That's reckless. The problem with others is their mindset, they think crypto will make you earn easy, which is very wrong. They thought since others got lucky and made a decent amount in a short period of time, they think the same thing will happen to them, so they choose to go all in.

Being profitable in crypto trading is easier said than done. It is far from what they see on socmed.

[johnsaributua]

...

There is nothing greater or more valuable in the world than life, if we are not alive then this wealth will not be of any use to us, so it is important to survive first, then to lead a healthy and normal life and to fulfill all the needs, we need money to make a business or investment plan. Risk is present in every investment, but its amount is less and more.

Investing in Bitcoin can be profitable, but the investor must have knowledge about Bitcoin. If the investor does not have the right knowledge, he will invest more money than he can afford, taking extra risks just to get rich quick, and will never be able to bear the loss, through which the investor will face financial loss and make a decision like suicide. This is a completely wrong decision. Death can never solve everything, so it is very important to always remember one thing without forgetting that we should only invest or use the money we can lose for trading, whatever the result, keeping ourselves in control and protecting ourselves from any financial loss that can destroy our lives.

Life is accompanied by health, and I believe these two things are quite balanced for survival for all of us. So, do well in both aiming to utilize them to survive by taking the right path towards health for a longer life.

When we can properly protect our health, I believe we can work on wealth with what we have based on our experience and knowledge, as long as we are healthy. Because if our health begins to decline it will certainly be more difficult for us to survive, especially finding basic necessities for daily life. What if our health begins to decline? So, make good use of your time to continue to survive and be able to work with goals. We can achieve wealth by working hard as long as we can properly protect our health.

This is very appropriate in what you say here. No matter how much we invest in Bitcoin, without knowledge and experience, we will still face the same risks. Even though our intention is to invest a large amount only to gain the same amount of profit, because we don't have knowledge about Bitcoin, the impact is only the risk we get, not the profit we want.

[lovesmayfamilis]

That's why investing should come with careful consideration and don't go all in. That's reckless. The problem with others is their mindset, they think crypto will make you earn easy, which is very wrong. They thought since others got lucky and made a decent amount in a short period of time, they think the same thing will happen to them, so they choose to go all in.

Being profitable in crypto trading is easier said than done. It is far from what they see on socmed.

Yes, but why don't any of these weirdos ask themselves that if it's so easy to get rich, then why are there still poor people in the world? This is called thinking a little further than your nose and imagining reality. Seeing examples of successful investors, some people don't think about what will happen if something goes wrong. Reasonable skepticism should always be in the first place where tempting offers and unrealistic profits appear.

[Dunamisx]

I don't know what the condition may be behind all this transactions that transferred between them, but losing a life because of $607 does not worth it at all, I don't know what kind of mentality some people have, they will make them to be quick to action in this manner, but some things don't worth it, scam related issues like this I've also caused some people a lot of losses but I don't think everyone will only have to resolve to losing their life because of it.

[Pandu Geddon]

I don't know what the condition may be behind all this transactions that transferred between them, but losing a life because of $607 does not worth it at all, I don't know what kind of mentality some people have, they will make them to be quick to action in this manner, but some things don't worth it, scam related issues like this I've also caused some people a lot of losses but I don't think everyone will only have to resolve to losing their life because of it.

There are some people who tend to get frustrated or depressed easily because they think about things very seriously. Everything feels like a huge pressure for them, and they don't have a solution to deal with it. Most people like that also find it hard to interact with others. So, they keep everything to themselves, which makes the pressure keep building up. Of course, not everyone is like that.

[L E G E N D A R Y]

For some, it may be a small amount, but for others, that last amount of money is where their life depends. But still, that's sad to see someone in this situation. That's life in crypto, it's either it could make you rich instantly or could make you go broke right away.

That's why investing should come with careful consideration and don't go all in. That's reckless. The problem with others is their mindset, they think crypto will make you earn easy, which is very wrong. They thought since others got lucky and made a decent amount in a short period of time, they think the same thing will happen to them, so they choose to go all in.

Being profitable in crypto trading is easier said than done. It is far from what they see on socmed.

Very true. And that's why people needs to understand how everything work before making any choice because in crypto, without the right information or instructions, one will find it difficult to profits from it, and the knowledge they acquired will help them to know if they can go on with it or not, as it's important for them to know that not every one will profits from crypto, which will be better if they stick with what they have knowledge about because without this mindset, it will certainly destroy their lives instead of building their lives to their expectation and this is the part that makes people to learn in the hard way.

[Peanutswar]

What's the background of this post like how BullpenFi steals his funds, does he have a direct access to his wallet or it's a joint account, personally that 650$ is quite large amount here in my country it's just an enough salary for a month as an expenses to live. This is the reason too to why it's too hard to trust anyone nowadays even your closes one. I feel sorry for him but this aint enough reason to get your life, there is always start. There is always a reset. For newbies trust no one only you are the responsible with your money.

[Awaklara]

which will be better if they stick with what they have knowledge about because without this mindset, it will certainly destroy their lives instead of building their lives to their expectation and this is the part that makes people to learn in the hard way.

There are indeed people who have to learn from difficult situations before they realize what’s best to do. There are also those who regret it and will never go back. 
Mistakes in choosing investments or failed planning are common among beginners who simply don’t have enough knowledge and experience. In fact, many beginners make investments based on someone else’s advice. 
Some people say investing is easier than trading. But that doesn’t apply to everyone either.

[henmark]

There is nothing greater or more valuable in the world than life, if we are not alive then this wealth will not be of any use to us, so it is important to survive first, then to lead a healthy and normal life and to fulfill all the needs

Yeah, and the purpose of having or earning more money is to actually make your life easier. Unfortunately, most people today are chasing money without even realizing why they need that money. To make money out of money, trading cannot be a right thing to pursuit whereas bitcoin investment will be. Trading got no guarantee where bitcoin investment may support your life if you choose long term.

Investing in Bitcoin can be profitable, but the investor must have knowledge about Bitcoin. If the investor does not have the right knowledge, he will invest more money than he can afford, taking extra risks just to get rich quick, and will never be able to bear the loss, through which the investor will face financial loss and make a decision like suicide.

Another aspect is that one shouldn't be trading with such a big capital that they have thoughts like suicide and such if the money is lost. Because no matter what, even the best traders can have bad runs, despite all the research and market analysis. Trading or investing has to be done with the extra money you have, not the money you require for survival.

[Hamza2424]

The person is not dead, as he is still posting on the account, which is good news. But I was checking the timeline of the incident and found that the platform Bullpen, which I never used though, was having some problems at that time. Not sure if the news is accurate according to the timeline or not, but if it is, then the problem was that it was delaying deposits. So maybe they did not scam him. Instead, the deposit he was going to receive was delayed, and he panicked because he was under pressure.

We can't even verify if he has a GF, which he said had died. There is zero proof of funds being stolen by Bullpen. Anyway, I don't really believe stories shared on social media until I find multiple sources that verify the reality.

But you did great, bro, because we must not end up like a person who can't control his emotions and is only dependent on trading while being immature. I won't judge his situation, but we should have a job at least if we are going to trade.

[Bitcoin_people]

There are many people who do not have much courage to invest in themselves, investment is a place where you have to keep maximum control over yourself so that even if you face losses, you should not take any decision that leads to suicide. When investing, you should not invest all your money at once, it is the highest risk, which if you accidentally lose it, it will be very difficult to control yourself. That is why you should never rush to invest, but you should have courage by maintaining a sense of discipline towards yourself. Even if there is such a reliable investment, many people should not pressure you to invest, but if you are interested in investing on your own and decide later after understanding all the issues, then it is good for him. Moreover, you should not invest all your money at once, but it is best to do it according to a percentage. Investment is not always profitable, but it is a loss, and therefore you should be brave and invest later.

[M47AK16]

For some, it may be a small amount, but for others, that last amount of money is where their life depends. But still, that's sad to see someone in this situation. That's life in crypto, it's either it could make you rich instantly or could make you go broke right away.

It s*cks to lose money trading and even more heartbreaking to see someone take extreme steps like this. As much as I understand the frustration and sadness, I think suicide is not the solution because it doesn't solve the problem. $670 is a decent amount but not even close to dying for and can be earned back with a few months of dedication. I mean no amount is big enough to die for anyway.

Crypto trading is perhaps the most volatile form of trading that exists, and while you will see success stories online about people turning millionaires overnight, there are millions of stories that are buried under each such success story where people lost everything to trading. When we go by data, real success stories are very very less in number and all other success stories were marketing stunt by exchanges. So, not getting tempted by others but deciding to trade only after developing required skills will definitely help to prevent future frustrations.

[Nothingtodo]

I can never consider this investor to be a smart investor because it is not desirable that he would kill himself for just $600. Maybe he has other reasons to face huge problems, especially his girlfriend may have some problems or family problems. Moreover, the biggest mistake he made before was that he put all his investments in baseless altcoins, due to which this altcoin could collapse in the market at any time. And that is what happened or choosing suicide because his altcoins were stolen cannot be the right decision in life. The tragic outcome of all these foolish investors cannot be better than this.

[DPHOR]

I can never consider this investor to be a smart investor because it is not desirable that he would kill himself for just $600. Maybe he has other reasons to face huge problems, especially his girlfriend may have some problems or family problems. Moreover, the biggest mistake he made before was that he put all his investments in baseless altcoins, due to which this altcoin could collapse in the market at any time. And that is what happened or choosing suicide because his altcoins were stolen cannot be the right decision in life. The tragic outcome of all these foolish investors cannot be better than this.

Many things are really happening especially things you don't know because if a man could take his life due to the losses he incurred you should also think vividly how much he has invested or how he got the money he uses for invest, sometimes most people do borrow money with the hope that when such altcoin picks up the would double what they spent on that particular coin, without knowing that is a wrong steps and bad decisions made. When you stabilize with a better coin such as Bitcoin then they could find hard for them to entirely lose everything.

[Popkon6]

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 another reason that reminded me of gambling, just like gambling, you should use as much money as you can afford to lose. Those who use the maximum amount are basically fools and in the middle they are forced to give up Bitcoin investment or any investment, so you should definitely refrain yourself from such a situation.
Invest as much as you can, invest in such a way that you do not have to face danger later. Many people choose to commit suicide after losing money because their planning is wrong, those who do not have the right plan will mainly face danger. So it is best to make a careful future plan and move forward towards the future.