Suicide due to losses due to investment in virtual currency - page 12.

Roydgon

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Quote from: nhieutam2008 on February 05, 2018, 08:14:20 AM

A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency.
it's so sad. Rest in peace.

Investing is always a risk. They are divided only on big or small risks. The main thing to think about and know whether you need to invest, the time will show.This is a game that needs to be prepared for different situations. In life there are more important things for money.

avoxosuccesful

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business is always based on risk and rewards,you just gotta be wise while investing so you don't loose at the end and maybe commit suicide like that guy.

Guapongbadoy

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Quote from: nhieutam2008 on February 05, 2018, 08:14:20 AM

A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency.
it's so sad. Rest in peace.

There is no reason to believe with this little thread. How come that this statement is true if you are not providing any sites information to support it. Cryptocurrency is not a place of depression, it is a place where risk is clear for all before making involvement. So everyone who made their decision to involve in it is already conditioned the mind for every possible risk that may come over against expectation.
And your statement is true, this could not be consider as tragic but was an act of foolishness.

eifer0910

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That is a sad news. Always keep in mind that dont invest too much and you'll end up nothing. Invest the thing that you afford to lose always keep that in mind. So sorry to hear that news.

rarg

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Quote from: warningsigns on February 05, 2018, 08:52:29 AM

Quote from: TheGodson on February 05, 2018, 08:27:44 AM

So which is it? He won 200 million or 200 thousand? Wait no, he lost that much? What you wrote doesn't make any sense. I assume you've made some typos and meant to say he lost a shit ton of money.

200 million Korean Won (KRW) = about 200k USD.

http://www.koreatimes.co.kr/www/nation/2018/02/121_243438.html

Yeah, this is the bad effects. We are understand, that before entering the Cryptocurrencies market, we have to prepare everyhing, including our mentality.
It seems, he cannot handle anymore his emotion. That's a sad story.

Memenya

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Quote from: cl37007 on February 14, 2018, 02:57:16 AM

That is very sad and why I have not invested anything I cannot afford to lose and if the value of my crypto sky rocketed and then dropped I wouldn't see it as losing alot of money as I never actually had that sum in the first place

Start from experience mate. If you did not invest what you can afford to lose before, but now because you know the risk already then stop doing something that can make you dangerous.
Investing in every investment is risky so never do it if you dont want to take a risk. This suicide can be big bad news for cryptocurrency.

Steadfast20

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Maybe the student is depressed on what is happening on his life and now he picked the worst decision he will ever made, to commit suicide. We can't do anything about it because its his life not ours. He is just a moron investing on a thing he doesn't know. Before we invest here, lets make sure that we are ready in everything.

White32

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Investing in bitcoin is not just easy as i know. You must be ready and face of the fact when you invest rather to win or to lost. If this is happen be realistic that everything has negative and positive result. So do not attempt to suicide even you got losses. Life is more than important than everything so always think positive and dont let depress ruin your goals.

shikon_shard

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Quote from: nhieutam2008 on February 05, 2018, 08:14:20 AM

A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency.
it's so sad. Rest in peace.

How much did he lose? Anyway, that is what we always say that invest what you can afford to lose. For if you cant afford to lose it then you will be drown into a depression and end up killing yourself.

josephine85

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Quote from: 8Habits on February 05, 2018, 06:26:14 PM

There were many cases of a wealthy individual who committed suicide during the great depression in the US. I read it in the book think and grow rich by Napoleon Hill.

This is really what happened when we tend to be greedy and when we accumulate more than we could ever imagine, we still want more and in the process of wanting more, there is a potential that we can lose it all due to some factors that we cannot control. The loses will be so devastating and for the emotionally and mentally weak, suicide will be an easy escape to accept the truth.

It should not be the case, we should value life more than anything else in this world.

When my father get addicted to gambling and the family lost everything, the most person who get affected the most is our mother. It was very hard for her to accept what just happened. She even thinking of committing suicide due to depression. Thank God, that our mother's faith was much stronger that her evil desire to end her life. When life brings you down, your mental and emotional aspects really weakens and ending your life is the best way to end all the pains and heartbreaks. But, life is precious and it should be nurtured and valued no matter what will happen.

tr3yson

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Quote from: nhieutam2008 on February 05, 2018, 08:14:20 AM

A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency.
it's so sad. Rest in peace.

One thing he did wrong is that he did not follow the golden rule, to invest only what you can afford to lose. Losing that kind of huge money will surely have a big impact on you especially if you are really into it, and you expect something big in return. Anyways, may his soul rest in peace, this should be an open reminder to everyone.

domari

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Why did he do such a thing? There are still many people who are more depressed than him and also worse than him. Cryptocurrency is indeed a risk. To reduce the risk let us try to analyze the market and not carelessly invest. Many are also patient to make investments and make a profit in the future. Once again this is where our patience is being tested. How patient we are then how much profit in the future.

shata

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Quote from: rickyling on February 14, 2018, 03:28:14 PM

This is indeed very sad story, he should learn to relax and wait until market to recover...Money is important but not as important as life

Well, I tried to be lose in many investments but i didnt tried to make suicidal things that can hurt and kill myself. Because No money can buy a Life. Isnt it? And If he already know that the market is going down, He must hold it until the market is going to be recovered. And While holding and investing, Much better to earn bitcoins by doing and multitasking. There are lot of things that will enable you to earn a lot of bitcoins without gambling.

rickyling

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This is indeed very sad story, he should learn to relax and wait until market to recover...Money is important but not as important as life

TheBeardedBaby

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₿uy / $ell ..oeleo ;(

While reading all the comments here, both positive and negative I see many people do not realize that this is not for everyone.
People who have never had any contact with the stock market and see the digital currency as an easy way of getting rich are all wrong. Read before the dip that some people are planning to sell their houses for crypto, investing all their live savings in bitcoins. It is completely normal to have such a deadly outcome. Sorry for the guy, but he is not the first one and differently not the last one who done something that he was not prepared to. When you invest in such things and you have no knowledge about the risk management you have to consider the investment lost, if you really lose it it won't hurt that much because you was prepared for it, but if you get some profit out of it, this is good. Take out what you have invested so you will be on 0 and then risk as much as you want.

monkeydominicorobin

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Quote from: nhieutam2008 on February 05, 2018, 08:14:20 AM

A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency.
it's so sad. Rest in peace.

It is not exclusive to Bitcoins. Suicide is part of human strategy. If I can't do what I want I will make an investment into something that will make my worries go away and escape the petty embarrassment. To escape life. Suicide is their answer. Their final answer.

Pumapipa

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Quote from: nhieutam2008 on February 05, 2018, 08:14:20 AM

A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. The body of the victiwem was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency.
it's so sad. Rest in peace.

very sad news as this news of a life passing is not good to hear. Yes the gains that we can get from investing as well as trading can earn us with so much. It just so happened that some people actually get addicted to crypto as if their life depended on it. Like what i have said from previous posts that I made here, we can really never understand depression and how it ruins the minds of those suffering from it. Bottom line if you're going to invest in soothing big like crypto make sure to just invest the money that you can afford to lose.
Rest I peace brother.

Kodok Bencot

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If anyone committed suicide because of the loss on investment it is fair, a lot of stories like this because the person is selling anything for investment, but I think this is foolishness because they put in one place, and I warn all the members here to make bitcoin investment as a second, third or more choice, never be the first.

DoublerHunter

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Quote from: cl37007 on February 14, 2018, 02:57:16 AM

That is very sad and why I have not invested anything I cannot afford to lose and if the value of my crypto sky rocketed and then dropped I wouldn't see it as losing alot of money as I never actually had that sum in the first place

Even though you invested more money than you can afford to lose then you still need to understand and study the risks of your investment because i think that he did suicide because of the losses that he cannot accept and that is why it is best to study about it first and do a lot of research before putting any money into virtual currencies.

magneto

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I find it interesting how some other Koreans decide to take their anger to as well, after reading this: https://www.businessinsider.com.au/cryptocurrency-traders-in-korea-react-to-bitcoin-bloodbath-2018-1

Honestly, I think that this is pathetic. Doesn't even have anything to do with cryptocurrencies.

All I see is a bunch of greedy people that are trying to make money off the crypto bubble and failed to do so because they entered the market at a very unfavorable point. They took the risk themselves so they should take responsibility for it.

What good does committing suicide do? Or kill your own laptop or whatever. That just shows your incompetency if anything. Crypto isn't even supposed to be a tool for making money, these people know nothing about crypto and are just looking at it from the wrong perspective.

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