Huge Crypto Losses And Suicidal Thoughts.

[Vod]

There are people out there who bankrupt themselves doing stupid things that negatively affect others. Imagine how idiotic those people feel, bankrupting themselves spreading negativity.

You'll have to tell me - I have no understanding of the numbers involved in stealing all deposits in your ponzi passthrough then sending thousands of donated (i.e. tax free) bitcoins to your brother in Germany.  A moral person would feel shame, not idiotic for getting caught.

On topic - gamblers prepare for losses but there is a difference in losing your life savings due to your own stupidity and losing it to someone you trusted.   You are more likely to want to kill yourself if you were betrayed than if you let yourself down.  Look at religion - people forgive themselves hourly for far worse than losing family money.

[Pi-network314159]

I created this thread to tell those who have lost huge amount of money that losing that money is not the end of their life, you can still become who ever you wish to become.
We have people that has lost same amount and even bigger to crypto but they still came out of that situation, if they can do it, you can also do it. Don’t give up on life because of your lose, you are valuable to us and the society in general.
That money you lost can’t be compared to you, you are worth more than that, just keep going.

If after you come out of this, which I believe you will, please use what you can afford to lose to invest in crypto even if is bitcoin because nothing is certain not even bitcoin growth.

#SayNoToSuicide.

I applaud you for your concern about people who have Lost bigger amount to crypto, but do you know that most of them are fully aware about those projects they invest on. It is just unfortunate that people will know a risky platform and yet they go into it simply because they want to prove a point and this point lead to them losing their Money. Not that this people don't know the risk, but they choose the risk over investing on Bitcoin. I have come across some guys who claim that Bitcoin is too slow that it takes time for it to give %50 profit, now they go for some pump and dump coin claiming to take risk that is not even worth it.

[Judith87403]

I created this thread to tell those who have lost huge amount of money that losing that money is not the end of their life, you can still become who ever you wish to become.
We have people that has lost same amount and even bigger to crypto but they still came out of that situation, if they can do it, you can also do it. Don’t give up on life because of your lose, you are valuable to us and the society in general.
That money you lost can’t be compared to you, you are worth more than that, just keep going.

If after you come out of this, which I believe you will, please use what you can afford to lose to invest in crypto even if is bitcoin because nothing is certain not even bitcoin growth.

#SayNoToSuicide.

I applaud you for your concern about people who have Lost bigger amount to crypto, but do you know that most of them are fully aware about those projects they invest on. It is just unfortunate that people will know a risky platform and yet they go into it simply because they want to prove a point and this point lead to them losing their Money. Not that this people don't know the risk, but they choose the risk over investing on Bitcoin. I have come across some guys who claim that Bitcoin is too slow that it takes time for it to give %50 profit, now they go for some pump and dump coin claiming to take risk that is not even worth it.

That is the problem, there are people that thinks that they can be smart enough to invest and make money from a pump and dump coin and they even invest with huge amount of money that they can't afford to lose. When the investment fails it becomes unbearable for them because all their mind was that they will be profitable. There's no excuses for people who commit suicide just because their investment didn't go as they planned it because they are not unaware of the risk but they decided to give it a trial. Those that says that bitcoin is too slow, how will they feel when they invest in a pump and dump coin and lose their money within a short period of time while someone who invested in bitcoin still has their money intact, even when the price of bitcoin goes down they are still confident that it will recover and they make their profits slowly and in the long term the profits can become huge. Many people lacks patience that is why they fall victim to coins that don't have potential value in them.

[Stable090]

This is a very good reason it is good to invest in good coins like just bitcoin, and also a very good reason to invest and not trade. Most people that lose in crypto are either altcoins investors and they did not sell their coins at the right time or they are traders which is very risky like how gambling is.

Either you invest in bitcoin or altcoin, you can lose, that’s why when investing or trading, you shouldn’t do that with all the money which you are having, we shouldn’t joke with our risk management when trading or investing in bitcoin.

Just because you are investing in bitcoin doesn’t mean it’s completely risk free, and we should invest blindly. If you are planning to hold bitcoin, don’t hold with everything which you are having, hold with any amount which you know if you lose, it’s not really going to affect you. Some people invest their life savings in bitcoin, some of them go ahead to take loan which they will find difficult to pay back if anything happens to the bitcoin, I don’t encourage things like this. Always invest with any amount which you can afford to lose.

[marrcelo]

I believe we are not actually talking about this thing more on this forum.
We talk about crypto investment being a very good investment and yes it’s a very good investment however, some people lose huge amount of money every day on crypto.

To some people when they lose this kind of money it leads to stress, depression, shame, anxiety, and feelings of hopelessness and with this they can commit suicide.

People are not prepared to lose money. Because they dont plan to lose only win. Just thinking about losing hurts. When losing the reaction of each human being is unpredictable some even to the extreme. Specially when this amount is very large.

[HelliumZ]

Yes, every year, thousands of people lose money by investing in cryptocurrency; among them, those unable to cope with severe depression and the intense anguish of financial loss sometimes resort to suicide. It is crucial to understand the investment risks involved before getting started. One should not engage in such high-risk investments without the ability to exercise self-control.
Investors must realize that suicide is never a solution to any problem. Furthermore  those who lack selfcontrol and are prone to despair after an investment loss should avoid investing in assets like Bitcoin altogether.