Topic: Let's always remember how important our lives are. (Read 550 times)

It couldn't be an option to make suicide if we lose but also, we have to find an option not to use our hard-earned money when investing or else, we might think like this.

I see how these people think about investing in Luna, it was in their mind thinking this will be the solution to their problem (money) but unfortunately, they have invested in the wrong project where they can't accept it. It closes their door and they become hopeless.

Investing is just like gambling, we prepare to lose all the time aside from thinking about a profit as we don't have control of the market.

Yes that is the mindset investors needs , not to have too much expectation of having profit in any short time. We need to tell our friends more about the volatility of cryptocurrency,  it takes place at anytime and some times it may not be in the favour of one sides. We all need to take patience as the key of cryptocurrency to survive unfavourable volatility.

Situations like this are unforeseeable; many people do not expect a coin like Luna to lose value in this way. While it is obvious that one should invest only what he or she can afford to lose, many people disregard this advice, which leads to suicides.

Every business has its own risk and if you invest in a business deliberately and then end your life without thinking about your family or friends then I have no pity. It has been told in the past and in the present several times think and learn about a project before investing in shit coins. Many more projects will die down in the coming days and I am sure many investors may not be able to handle that kind of situation.

Majority of us, investors, are putting all of our hard earned money to another investment. As an investor, we should know the risk and the projects where we are entrusting our funds.

It is truly painful if we're losing it from a project that we have trusted and we don't even have anything to gain from such.

This is why it is important that before we invest, doing our research is a very vital part.

It is best to prepare the minds of everyone we choose to introduce to crypto investment that loss is part of the money making process so it doesn't take them by surprise. TerraLuna crash came as a shocker and most first time crypto investors who started up with Luna will be having a  very tough time battling between suicide and living. It best we all reach out to has many as we can relate with to save lives.

Staying alive is another investment but the society has made people believe investment must start with a deposit of material substance or it's equivalent.

It is very painful to lose hard earned money that one is been used for investment for sometime, believing that one day the profits will be used For important things for the future and it ends up vanishing . When it happens like this despite the pains and shock, one needs to understand that life is priceless,  no amount of money can be compared to life. As far as, their is life , their is hope and it is possible to get better amount of money that was lost. Suicide is never an option to think about, life is beautiful no matter the situation their is still hope to be happy again.

There's a latent reason people commit suicide and I will disclose it here. It happened to me and I survived it.

Whenever you see posts like this one, try your best to condemn suicide, always speak against it and stand by it.

There was when suicide was trending in my country, I remember I crusaded against it. As I always said "There's no justifiable reason to take your life". If you lost all your monies, you can actually make it back if you do not take your life.
I so much preached against suicide. But somewhere 2020, I was scammed a huge amount of money. I was so depressed.
But when the option of suicide came to me, I smiled and remembered I preached against it. That was exactly the day I let go and became strong again.

So, always condemn suicide and learn to invest only what you can lose.

Human lifes remain the most vulnerable and what makes the being keep going,a life which finds it end has no chance to be amongst the living,We need to take proper  care of our healths and well being.
Change is constant, change only happens to those who are alive

I think it's high time people stop seeing crypto market as some kind of quick money  investment where you invest and get double time of your investment within a short time, Any one who takes his own life as a result of current crypto market is greedy and such person invested without going through the rules,  you should not let the profit you planned on making cause you to invest all your life saving hoping that everything will come to your favour, the market is down now so taking your life should not come to your mind cause it will always come up and you will recover all you lost this period.

The financial loss could be recovered at some point of life but taking these wrong steps is really not good move no matter how much depressed we are.This is why it's the market rule that invest only that much amounts that you are willing to loose because we have seen such cases where people become so depressed after losing funds in market that could have negative results as shared in @OP.

People need to realise ending up life is not solution for any problem so be strong and you must stand up against these things strongly.

We cannot allow our investments to control us and how we function on a day to day basis. It is important to maintain balance and make sure we take time off and don’t allow this to come in-between family and relationships. Many individuals treat it like gambling and lose their head. When you control your thoughts, you invite good energy.

I believe too much of everything is bad, why must they invest their enitre life on cryptocurrency, that is not sound enough to hearing, its really good to have good priority for business and assets but but when it comes to choice it is foolishness having a preference for asset than ones life, are we not working hard now to secure a better tomorrow, so we can enjoy life in it fullness, then why has human mentality of some people changed, i dont blame them, i blame their mistakes at first place because they know what is at stake if they lost any asset along the way.

It's sad that some people choose to commit suicide because of the downtrend of Luna and UST and it is also sad that these issues will be remembered in the history of cryptocurrency investment.
The popular people are the only ones that managed to maintain their cool because the ordinary people that understand the concept of crypto investment and are mature enough to comprehend it will always maintain their cool no matter the downtrend nature of the market.

Meanwhile, I hope an issue like this won't occur again in the crypto ecosystem but thats if investors manage to do the right thing by understanding the risk involved in the crypto investment and accept the consequence instead of committing suicide.

our mental health is important. in this case i wont encourage denial but acceptance and healthy way to manage this loss. even if its not a major loss, accumulation of smaller ones over time can cause some serious damage. we could talk to expertise on the forum on how to manage loss and better ways to reinvest, one should learn how to diversify investment.

I just could not ignore this topic no matter how i tried. why? Its simple...Life is suppose to be lived to the fullest of each individual potential. No matter what the challenges mostly as regards the loss of property, the loss of cash, loss of contract or whatever, it is not enough reason for one to end his/her life. In the first place, you didnt create yourself, so you have no right to destroy/kill yourself either. No matter the lose, gain can always be found in it. Gain in the form of a new direction, a new concept, a new contract, a new coin, a new whatever you seek that one think is entirely gone  can definitely be recovered. Remember always the story of the phoenix that rose from the ashes after everyone thought it dead. Our individual story can always change for the better. Your life, talent, abilties, the love you give all matter more than any possession we may be fighting to attain/obtain. Thanks

This is such a relevant topic. Certainly there is nothing more important than life. Financial losses must be a traumatic experience but that is not the end of the world. Our society is wired in a way that we place too much importance on money and financial status. Of course we need money to survive and live a better life but it is not worth losing our life for. Markets will always have ups and downs and every investor should be prepared for that. The unexpected fall in the crypto currency market is disturbing for all of us. But we should not let it disrupt our mental peace. Losing is inevitable sometimes and we should just accept it and move on. Asking for help is important and please reach out to your loved ones and check on them on a regular basis. This is not just about crypto but make sure to not let anyone suffer in silence and take the wrong step in the end.

A million dollar invested on Luna 2 weeks ago is now worth $3. People who pegged their life to dollar will definitely suffer emotionally about the crash. Just like OP said we all need to check up on them it's vital for humanity. No need for excuses or blame of not trading what they can lose as they not on this surface to explain why they took their lives over LUNA crash.

After my experience with Bitcoin ATH of 2017 and it's near demise of 2018/19, I realized why veterans don't really panic whenever there's a Bitcoin dump. It's the experience thing. I've acquired that same mindset too and I'm less concerned with what's happening in the market ATM. I know the crash is momentarily. The market will shake this off and spike to record a fresh ATH. If the bear becomes unbearable, I trade my Bitcoin for a stablecoin and then rebuy at a further fall. That's the simple method there's during a bear season if you can trade. Otherwise, just hodl. Bitcoin will rebound. It won't end in zero.

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Those who commit suicide because of trading misfortune aren't man enough. BTW, didn't they read the caveat that's always been there that one shouldn't invest cash they aren't capable of losing?

There are some losses that cuts too deep in the body, when you found yourself in that state it is easier to think about suicide, believe me I have been there, it is very vital to never rely on a project no matter how decent the project looks, always invest what you willing to lose and don't put all your funds in one basket.

How could you say that boldly in this forum. Yes maybe there is something wrong on what they did that but dont mock them they already dead dude. Please pay some respect to them. How can we still blame them in spite of being dead already. Lets just warn others not to resort to this if they experience something bad on doing trading.

I'm not going to go into whether they actually committed suicide, and whether it was because of that or not. But there were a lot of posts on reddit from people saying they were contemplating suicide because they had lost everything. As has been commented, it was people who had not respected basic investment rules and had put in money they needed, even taking loans for it or using money from family members without their knowledge.

I also think when we see these things that we have to think beyond the money. These cases I guess are of people who have a shitty life and see getting rich as the only way out of their unhappiness, and they want to do it fast.

Simply by improving their economic situation slightly bit by bit and taking care of other aspects of their lives they would have fared much better.

Do not live for money, but live for your life. So there's no enough reason that you allow yourself to suffer just because you are losing. Losses are inevitable in all aspects of investments, so you don't need to blame yourself or other people. And if you lose, i guess you can still do better in the next round and succeed. Suicidal is just a cowardly excuse, and certainly a big sin. If you lose, face it and accept. As long as there is life, you have all the opportunities to succeed so always see the positive side in you.

Those who commit suicide are the weakest.

A few weeks ago before the great LUNA crash, I was a victim of a malware where 3 of my non-custodial wallets are being drained without the need of a seed phrase to access. Approximately $12k of my assets are drained and I felt that all of the hardwork and sacrifice I have are just vanished into thin air.

But good thing that not all of them are drained because I have spread them out in different wallets while others are already in my hand and bank accounts. I’m just grateful than I have around more than $800 left. I was suppose to have brighter plans, but it was all ruined thanks to that mistake. It’s hard for me to move on, but I am not thinking of giving up or committing suicide because of being a victim of this biggest hack in my whole life.

I remembered the time when I was broke and on my way to have zero money again, but I have managed to get back up and regained all of the losses I have. As I have remembered that, it reminds me that I am now more stronger than who I was before. So I get back up to my feet and remained focus on what I have been doing nowadays, but I am more determined than ever to quickly recover as I have seen the light at the end of the tunnel.

I still have long ways to go to finally recover what was recently lost to me, and I am taking it one day at a time. Our lives are very important. We can get back the money we’ve lost anytime, but we must not waste our life because we only live once, so we should make the most of it while our time here on Earth is limited.

Some popular people who invested in $Luna managed to remain their cool even though they've lost big from millions to thousand dollars real quick in one day. It's indeed devastating to see your portfolio dropping big like you've been scammed but know that this is the risk of investing crypto currency and people who didn't know what they were doing should not take part of investing crypto currency especially the altcoins. Some people think this is their time to shine by investing the hyped coins but in reality or if you are longer staying in this market/forum you will know that most of these altcoins are too good to be true and is not aiming for a long term profit.

If this news is verified and accurate, it is indeed a great human tragedy.
Unfortunately, from personal experience I know how desperate people can be because of their difficult financial situation.
Desperate people often take desperate measures and take a lot of risks.
It often ends very badly.
The crypto has been talked about a lot in the media lately and to ordinary people it may seem like a simple solution to all their problems.
Unfortunately, people who do not have enough knowledge and experience and are desperate, often make beginner mistakes with irreparable consequences.
So sad.

Committing suicide as a way of escape from a particular problem creates bigger problems for the ones you are leavingbehind. It's true that if you are not the victim, you can't say you understand how it feels to lose something valuable especially when you have placed all your hopes on it.

But then life itself is a risk, sometimes you win, sometimes you lose. And the things you did that resulted in a loss will be a lesson so that next time you wouldn't repeat such. Let's learn to give ourselves a second chance. The thought to end it all might come, but if you think critically, its not worth it.

No amount of loss should make anyone take a decision of taking their life, you don't know what much better days the future might hold for you.

What if your loss in Luna was part of your stepping stone to reaching your much better life of opulence. Sometimes challenges come to deprive us of a greater time ahead we ain't seen yet.

So hold peace and be hopeful.

It's easy to assume that those who committed suicide didn't value life, however, everyone's mind is different, and not all can handle all of life's challenges. I read through the Luna tweets, and my heart aches for some of the investors' cries and losses. I was especially heartbroken for an investor who put his family's life savings into Luna and was planning to use some of the profits for his wife's delivery, who is carrying a twin foetus, but now he is unsure where to get the money to pay the bills when the wife is ready to put to bed. This is sad and painful, and I hope we all recover from these unforgettable pains.

He who lives to see today lives to see another day ,when there is life there us hope,It the end for who so ever is dead,No matter how bad things may seems ,The same person who rediculed himself might be succesful in future, this wont have been possible if he had ended his life. Never think it an end for you for what you going through, anything can happen at anytime even in die minutes.

I know of a few confirmed cases in which people have committed suicide because of cryptocurrencies, but the same is true of those who trade stocks or anything that carries a high risk. That is why I always say that you should first know well what you are investing your money in, and be prepared for the fact that you can lose everything at any time.

The tragedy in this latest scandal is that people lost money on something called stablecoin, and that should never have happened. I hope that people will start learning from the mistakes of others that have happened in the past, and that they will understand that cryptocurrencies are very slippery ground - doesn't anyone remember how Bitcoin lost 50% of its value in one day just over 2 years ago when was the pandemic declared?

I've read another post on FB that it's around 20 suicides now, I don't know if that's for real since there's no source and validation to back up with a source.

Nevertheless, these incidents are for real. They're not new and every time the market goes bear and there are people that have invested probably their life savings and they're seeing it blowing and going down, they don't know what to do.

They do end with the idea of ending their lives and that's not really the option. I feel bad and sorry for them that they have to choose that bad ending even if there's still a way to recover their lost money in some other way.

I hope this link helps, a suicide hotline for those who don't know what to do and thinking of ending their lives regardless of the reason.

https://blog.opencounseling.co/suicide-hotlines/

And who is @Cryptocraziac to be a reliable source? Those are 8 suicides that are claimed to be directly caused by the crash of LUNA. Confirming that the deaths, if they indeed happened, are truly caused by the plunging price of LUNA is not an easy thing to do. And if these 8 suicides are really true and are even slightly linked to the huge price fall of cryptocurrencies, this news should have already reached the papers and not just passed on like a gossip on Twitter. This looks like fake news!

So sad and so sorry to know this, but exactly, there are some people who are exactly not ready and shocked because of this drastic drop of Luna. And because of this news, opposite media of crypto will spread the FUD again and will press that crypto is dangerous.
Actually, suicide phenomena are not new and previously there have been so many because of various problems, moreover because of family, love, or even business problem.
but why has suicide news because crypto becomes highly increasing and popular around the world spreading again and again?
The media know which will be hot news.

And I also realize with this news, we can remain each other about what you said, about how precious our life even though we lost many things, there are still our families that should be struggling. And I wonder being suicide will not end the problems, right?
And some people who did it commonly those who may use loans, selling house or others, or having big promises or expectation.
Yes, love your lives, it's more precious

If this news is true, then what can i say, definitely too sad to even take a second look at, a lot of this has to do with how people take crypto, and that is as a get rich quick thing, they basically have the idea of joining the network to double their money, they take it as gambling, and they are investing so much, far more than they can afford to lose in a bid to do this; it is unbelievable.

This news is another reason why giving people investment advice is usually very risky business, imagine buying this coin, and convincing your friend to do so too, what would be the situation of that relationship right now, they would blame you to 'death', and in a worst case scenario could even hurt you. Always allow people to do their own research, and when they do, they should make up their mind, so that they bear the consequences of whatever action they take. But i truly hope this story about suicide is false.

You can't expect for the market to be always on top, prices will definitely fall when the market turns into another cycle. So whether the current market brings too much depression to those who can't manage to see the price dumps, but there are also people that have been taking advantage in a market situation like this. At the end of the day, its the mindset of the investor that matters, and greed should never be the one to control all his emotions.

Money is not everything. And even if you lose, you don't have to ruin your life just because of that mistake. The world has a lot more to offer so always embrace the possibilities that someday, you will come to realize all what you have dreamed for. And one more thing, crypto investment is not easy and definitely hard to make profits, so never enter into crypto if you can't handle its future risks.

Life is what matters most. Because, we are only here for a short time. So we have to make the most of every moment.
We are blessed to have so many wonderful people who care about us and support us. We are lucky that we have friends who believe in us. We are lucky that we have people who who love us, and even if it is just for a little while, please always remember how amazing you are. Everything else in the world that you want will come and go.

That information is false, there haven't been confirmed cases of suicide due to the luna crash but that doesn't calm my mind because this fall was such a sudden shock and traumatic experience, I am afraid that more than hundreds of people will commit suicide.
Sometimes I was visiting reddit to hear opinions about altcoins, new projects, etc and I understood that most people make extreme investment decisions, they take loans backed by property, truck, car, gold, etc. Some people have huge savings and invest all of them. That's why I assume that the real picture will be hell in the following days and months. Some people still have hope that it will return back.

My message to all of you is:
What does not kill you, makes you stronger! Every accident in your life is an experience, the more you learn, the wiser you are! Wise people always succeed in life, they change the world!
REMEMBER!!! Billionaire Alibaba founder Jack Ma was rejected from every job he applied to after college, even KFC. YOU AREN'T REJECTED, YOU JUST LOSE SOME MONEY AND WHILE YOU ARE A HEALTHY YOUNG, YOU HAVE A LOT OF OPPORTUNITIES TO SUCCEED!!!

It is really unfortunate, I really pour out my heart to those who lost money in the Luna and UST saga, it's really really unfortunate, am truly short of words.
Someone lost over $1.2m in Luna, he couldn't bear it, it was all he has, that money was he's life (according to him), he lost everything, he couldn't bear it, he went eventually committed suicide but luckily for him, eyes were around him and he was found on time and rushed to the hospital, after much battle, God through the doctors restored him back, though currently, he can't speak, but he's breathing fine now.
Just joining my voice to that of every other person out here, suicide is never an option, it should never be an option, your life is more precious than whatever amount of money you think you lost, stay alive, it might be too hard to bear, yes, but keep pushing, never succumb to that spirit of suicide speaking to your head, stay alive and hopeful, whatever lost can be recovered.. Just keep pushing, you are strong, you are more powerful than you think.

By the way, here's the link to the tweet : https://twitter.com/BlockchainBuk/status/1524406350209552387?t=VdN3c32-SKVL1AFy_Ylb4g&s=19

Crypto rule is just simple, I dont know how people can just decide to take their own life because of money, they lost their minds and that leads to not thinking deeply, will loss of life refund what they've lost on the other side? Invest only what you can afford to lose, we keep saying that on this forum to newbies almost Every time. New topics comes from people on here from time to time warning people to invest only what they can afford to lose.

Let's always remember that money is amazing, but it is not everything. 

Money can buy you freedom and pleasure,  but not happiness.
Let's not become slaves of money and pleasure. We don't need to make as much money as possible, neither put  our happiness, family and even our life at stake to get more money

Most of us are losing a lot of money right now. This is a good time to think about what is truly important in our lives now and how much risk do we really need to be exposed to.

I also want to remind those of you who are starting to panic that this crash phase is nothing compared to the crash in 2018 ($20k to $4k). We're only around a 50% drop from ATH $60k.
Of course, the recent decline will not have much of a psychological effect on the old holders. One of the best ways to deal with it is to ignore the market. The bear market is a good time to take a break.

Although this is a common rule and we all know this but in reality no one wants to lose money. One can never be too prepared to lose money. Whether you can afford to lose the investment or not, the loss will still hurt you nonetheless. The degree of hurt may vary, some may feel so bad to the point of committing suicide. I wouldn’t be so eager to remind them of the “golden rule”

I would take this information with a dose of caution, because who could really confirm that someone committed suicide for such a specific reason? Unfortunately, people commit suicide every day for a variety of reasons, and money is not always the main reason they do it. People need to be taught to stay away from projects like this, and those behind them need to be punished for doing something that was obviously unsustainable and may have cost some people their lives in the end.

Let's not forget that there are people who want the best for themselves and the small circle of people around them and that they have a lot of money coming from projects like this - this Kwan or whatever his name is should be held accountable for his stupidity, and I hope South Korean authorities do something about it.

Committing suicide is never an option whatsoever. Life matters the most, and as far as you’re still breathing they’ll be better days ahead. This is not the first time the market is falling and it still bounce back bigger most times. Many people need orientation on to what to expect when investing in cryptocurrency and should be ready to face the consequences rather than just persuading them to join while they’re expecting big profits at the end of the day which is maybe likely not to be so.
It’s so sad people lost their lives because of this, I believe things will turn normal soon but one should “Only invest what they can lose”.

Many newbies come to crypto to make quick money, and most of them always break the rule that says "don't invest what you can't afford to lose," which is what leads to suicides, but remember, as the OP  has stated our lives are very valuable, so let's be patient and hopeful. You shouldn't commit suicide because you lose money, if you are alive then you can still make more than the amount you lose, I don't think thier is anything worth killing yourself for.

There is a rule and anyone who obeys this rule has no business commiting suicide. This golden rule is "Invest what you can afford to lose". This rule is not for the world of crypto only, it's applicable in all spheres of life.
This life is full of risk, the life itself is a risk. Being able to move from house to work, you have taken the risk of dying by road accident. Sleeping in your bed, you are taking a risk because the building could collapse. So, the risk we take should be calculated, the one with less severity.

Let us therefore remove greed in this space and always understand what Isaac Newton said "What ever goes up, will surely come down"
My regards to all affected by the red market, it will green soonest. The red is always a buy opportunity, and this might be the greatest we can witness.

The current state of the crypto market may result in more unexpected suicides among crypto coin holders and investors.
I'd like to use this medium to provide some motivation to my fellow cryptocurrency beginners. This is an unforeseen scenario that will be difficult to overcome, but let us remember how precious our lives are. If we lose our money but remain alive, let us have more hope because if there is life, there is hope; suicide is not an option; patience and commitment are the best options right now.
I'm not sure how many people have committed themselves as a result of the current crypto market situation in different parts of the world, but suicide is never a good.
Our lives matter to our society, families, and friends, so let's stay strong and bear with this predicament; I'm sure it will pass sooner or later.