Crypto trading has caused more depression in 2021/2022 - page 2.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: White billionaire on May 12, 2022, 03:03:46 AM

In the past few days, the crypto market has taken a diped turn.
People have committed suicides.
What more should we expect

Does it really worth enough for them to commit suicide? That kind of thinking is too disappointing, not it deserves to kill yourself because you lost money.
In fact, this situation is already been anticipated. We even think that this will come last year supposedly if we are right with our predictions but it comes late. I understand that many were just new to this bear market but I don't think we are not aware of this. Because if we do the search before investing I believe we are too aware of the volatile nature of the market that one day prices will pump and dump.

Israelgogo

member

Activity: 70

Merit: 17

Due to the recent experience been faced by crypto many youth are facing a hard time and complaining bitterly gor lost of money ,a closer friend of mine lost $23,000 and he has been so aggressive and moody since then ,he is the bread winner of his family and younger onces ,So many of this youth facing this challenges and complaining bitterly online ,some even depressed writing suicidal post. Should we say crypto has been of good , the bad and the ugly.

pooya87

legendary

Activity: 3472

Merit: 10611

Unfortunately this has always been the fate of those who enter a high risk investment without any knowledge, effort or even listening to other experts. For example those who borrow money to invest in an extremely volatile altcoin, sell their house to buy a shittoken, ... are expected to endure huge losses.

It is very sad to see their fate but what more can we do? We keep warning them about their high risk actions, about buying altcoin, about investing what they cannot afford to lose and yet they don't listen.

Quote from: GiftedMAN on May 12, 2022, 12:27:21 PM

so please bitcoin price drop has nothing to do with those who took their lives(Suicide).

When people say "crypto" they almost always mean altcoins not bitcoin. In this case the story as others pointed out seems to be related to a shitcoin called Luna.

GiftedMAN

hero member

Activity: 924

Merit: 600

Watch&Pray.

Quote from: White billionaire on May 12, 2022, 03:03:46 AM

In the past few days, the crypto market has taken a dipped turn.
People have committed suicide.
What more should we expect

Op try and get your facts right before posting, do not compare traders who lost funds in trading or investment to those who are affected by the dip, no statistics are backing up that post so please bitcoin price drop has nothing to do with those who took their lives(Suicide).

Widdop37

member

Activity: 130

Merit: 11

Quote from: Cookdata on May 12, 2022, 03:14:05 AM

This is not true the way you put it. This was the tweet that came out earlier about some Luna holders who committed suicide due to the losses they encountered in Luna saga. This is more like investment gone wrong than trading as you claimed.

If you are good trader, there should be a good management risk in your trades, there are dozen packs of traders that are enjoying shorting the markets and have made huge amount of money from it, just because markets is dumping doesn't mean traders are not making money, only the holders do feel the pain, especially the Altcoins holders, bitcoin is always fine as it always goes up.

Why would anyone take their own lives because of money?/it doesn't make any sense, I have lost it all twice in my lifetime and I've never thought about taking my life, in 2021 I lost 25,000$ to a meme coin, I came out with nothing after I found a way to make 700$ I lost 500$ to another scam project, I learnt the hard way, taking ones life isn't worth it.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: White billionaire on May 12, 2022, 03:03:46 AM

In the past few days, the crypto market has taken a diped turn.
People have committed suicides.
What more should we expect

Is this what has been happening now? Do you have any verified sources to support your claim about these suicides rates that has been happening?

Anyway, given that the prices of BTC has dropped significantly and almost by half, it is but normal for everyone to panic especially to the HODLers who have millions worth of $$$ in their respective accounts. But, a cryptocurrency investor would most likely look at the positive side of the spectrum- this volatility is nothing but normal and they would take advantage to acquire more in the process.

death69

hero member

Activity: 1204

Merit: 545

It is hard to make such a conclusion without clear statistics. but what we know is that the current market has grown quickly and many many people have invested their money in cryptocurrency. That is why we should split our funds into multiple parts in order to avoid big losses and always save some of your funds as bitcoin.

RIP to those who have committed suicide cause of Luna.

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: White billionaire on May 12, 2022, 03:03:46 AM

In the past few days, the crypto market has taken a diped turn.
People have committed suicides.
What more should we expect

Remember, this is a free market and we cannot always expect profits while we ignore potential losses. Sometimes a team's decision can reflect why their altcoin has become more expensive, but sometimes it will just cost them a large part of the price. It would definitely remind me of the best investment advice: Do as much as you can afford to lose.

I believe depression can happen to traders as long as their expectations don't match reality. But suicide is not the final solution that will solve the problem because in reality life is still much more meaningful than money.

Bhig Daddy

member

Activity: 364

Merit: 13

I can't say crypto hasn't caused alot of depression all over the world, but is losing your life the way out, I don't think so. I know most people might have invested their life saving but it not really worth your life. So stay calm and strong and hope for a better tomorrow, their is always a light after the tunnel.

Munir575

member

Activity: 546

Merit: 10

Crypto market is really down now, we are losing money already so losing our lives should not be an option its not the way out. Let's not make our family, friends and close ones to suffer and lets not forget "if there is life there is hope". Stay Strong wherever you may be.

SatoPrincess

hero member

Activity: 966

Merit: 701

Leading Crypto Sports Betting & Casino Platform

Quote from: White billionaire on May 12, 2022, 03:03:46 AM

In the past few days, the crypto market has taken a diped turn.
People have committed suicides.
What more should we expect

Partly true. Even the so called stable coins are losing their peg. I feel for those Lunatics, hodling altcoins is a mind game not many can play. In my case, I’m sad bitcoin dipped below 30k, really sad because I planned selling some bitcoins to pay for my medicals. The dump was unexpected and bitcoins is still dumping. I know I can’t sell now if I do I will suffer 50% loss. This is why it’s good to have fiat in hand.

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

This is not true the way you put it. This was the tweet that came out earlier about some Luna holders who committed suicide due to the losses they encountered in Luna saga. This is more like investment gone wrong than trading as you claimed.

If you are good trader, there should be a good management risk in your trades, there are dozen packs of traders that are enjoying shorting the markets and have made huge amount of money from it, just because markets is dumping doesn't mean traders are not making money, only the holders do feel the pain especially the Altcoins holders, bitcoin is always fine as it always goes up.

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

Quote from: White billionaire on May 12, 2022, 03:03:46 AM

In the past few days, the crypto market has taken a diped turn.
People have committed suicides.
What more should we expect

Its quite unfortunate actually. The recent incident on luna dumped is really shocking and I am not gonna say no one would do such thing due heavy loss especially on those bet all im theit hard earned money. Its really depressing how this turns out plus the market sentiment. But of course they should be always ready and dont forget the golden rule that invest only you can afford to lose.

White billionaire

newbie

Activity: 21

Merit: 1

In the past few days, the crypto market has taken a diped turn.
People have committed suicides.
What more should we expect

Topic: Crypto trading has caused more depression in 2021/2022 - page 2. (Read 341 times)