Topic: Suicide due to losses due to investment in virtual currency - page 13. (Read 2410 times)
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
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.
Its very sad to hear news about this and this can really be attributed to a scenario in which not everything is rainbows and sugary tops when you are investing on cryptocurrency and bitcoin. This means that we really have to take in to account that sometimes having a big failure is part of being successful and being successful means that you are able to go through every failure big or small
Heartbreaking. Crypto is definitely not for weak people 
is this news right? please give me the information link!
I think this is a risk that crypto users should accept. not having to commit suicide. by that I am not excessive in making investments.
I hope there will be no more victims due to depression of crypto losses. and the solution is that we must have a spiritual soul.
I think this is a risk that crypto users should accept. not having to commit suicide. by that I am not excessive in making investments.
I hope there will be no more victims due to depression of crypto losses. and the solution is that we must have a spiritual soul.
Life is all about risk,nothing is worth dieing for, I lost in 2016 to ponzi scheme,brace up myself,forge ahead was introduce to bitcoin,pick up my life again,have made above what I lost then,Suicide is not an option,the guy is weak,cryptocurrency is fo the strong.
Cryptocurrency is not for the weak. If you invest on cryptocurrency yo have to be ready for the worse scenario. Korea is one of the highest suicide rate in the globe so this thing is most likely to happened. Government should launch a program to avoid such doing.
According to me, it's a personal thing that isn't very good and things that have no morals. If the price of the bitcoin down should our attitudes don't panic or stress due to his bitcoin price any time rise will go up by itself. so we face all with a cool head and a calm heart.
When you enter into anything it is indeed important to give your 100%. But it is also important to know what you are doing. Successes and losses are essential part of life and more so in business and much more in trading. One may find lost in the world but that is not the end of life. And certainly one should not end one's life. Ending life is not the right thing to do.
When you make an investment it is important to bear in mind the worst situation that can arise out of it. And when such a situation does come, it is important to face it. And the golden rule is always 'invest/trade that which you can afford to lose.' The guy seem to have invested all that he had and ended up losing. This is the greatest mistake. Very sad.
Considering investment or trading as a gamble is another serious problem. True, we cannot predict accurately what will happen tomorrow but the thing is there are many parameters to be considered in trading and investment. It is an art and certainly a skill to invest and trade. And the skill is backed by verifiable knowledge and experience. It is not prediction.
Consider playing a game of chess. Does it amount to gambling when you do not know what the opponent is going to move? You will respond depending upon the situation on the board. In the same way, you react and act depending upon the markets. Handling depression is essential when it comes to high degree investment and losses. Like market, the circumstances will surely bounce back.
When you make an investment it is important to bear in mind the worst situation that can arise out of it. And when such a situation does come, it is important to face it. And the golden rule is always 'invest/trade that which you can afford to lose.' The guy seem to have invested all that he had and ended up losing. This is the greatest mistake. Very sad.
Considering investment or trading as a gamble is another serious problem. True, we cannot predict accurately what will happen tomorrow but the thing is there are many parameters to be considered in trading and investment. It is an art and certainly a skill to invest and trade. And the skill is backed by verifiable knowledge and experience. It is not prediction.
Consider playing a game of chess. Does it amount to gambling when you do not know what the opponent is going to move? You will respond depending upon the situation on the board. In the same way, you react and act depending upon the markets. Handling depression is essential when it comes to high degree investment and losses. Like market, the circumstances will surely bounce back.
Depression is a mental illness that should not be taken lightly. You can say it is not entirely his fault. A lot of triggers can set off people with depression to commit suicide. Losing money in crypto is normal and happens all the time but for these people it's a switch. RIP and hope that people who knows anyone with this illness should do an intervention.
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.
My friend told me about this suicide incident he read here in this forum, suicide is not the answer on your depression. When a new trader has recklessly invest a huge amount of coins without looking at the situation of the market then this person will probably lose a huge amount of profit so always try to ask reliable person to give you advice when you should invest.
loss is not the answer to commit suicide. Because you can earn money using bitcoin . and in here you will never loss your invest but your investment will be earn or your investment will grow your money fast. God create us not to suicide but god create us to live and be happy in life with bitcoin.
I didn't get the point how could he loose the money? Yes the price for all coins dropped down, but it wasn't 0 and bitcoin didn't stop to exist. I do not wish to say anything bad about the guy, but he was an impatient newbie who doesn't know that bitcoin is a bubbling pot and after drop always follow raise.
Clear me one thing is it possible that suicide will bring your loss back? Nope but you will lose your life also everyone need about that thing. Don't disheart on any loss if you can face in life because win and loss is the part of trading. And money is thing which is came from one side and go to other side so just enjoy your life. Keep your self safe and try to protect your life not your money.
Did he gamble it and if he did what site? At the gambling sute i was playing, i saw some player lose over 10 bitcoins which is a huge amount of money and he seems and acts like a kid(a 20 yr old). I would love to know more information about the story and sorry for the family and loved ones he left behind. It is a lesson that dont invest or gamble the money you can not afford to lose.
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$) from investments in cryptocurrency.
it's so sad. Rest in peace.
Sad? Why would it be sad that a moron ended his life because he gambled and lost?
Come on dude, you should not say that, before you know the truth of the story. I think you should not say that person is a moron. Because, the student initially get a profit of 200 million Korean won from his investment. Then, due to South Korean government regulations to curb the cryptoecurrency market, the value of the virtual currency dropped at the end of December. Of course, this leads a blow to the student's investment. After that, the student showed signs of depression. She reportedly relied on prescribed sleeping pills to help ease her symptoms. Until finally, he was found dead in his room.
A Korean student has committed suicide after falling into a depression because of a big loss of money invested in bitcoin and cryptocurrency. A 20-year-old Korean student has been found to have committed suicide after falling into depression due to huge losses in bitcoin and cryptocurrency. The body of the victim was found at his home. The victim has earned 200 million won (about 200,000$) from investments in cryptocurrency.
it's so sad. Rest in peace.
Suicide is not the answer on losing profit, it only happens that this person does not really tried to study about cryptocurrency on how the market really works and that results to depression which leads him/her to commit suicide. This person can still get up his/her profit by working on bounty campaigns if he/she is just knowledgeable about cryptocurrency then he/she will not commit suicide.
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.
Life is beautiful because God did not create it one-sidedly. He provides us different situations in life whether it is a happy event or something aweful. But those problems are just tests for us. To be able to change not for yourself only but others will also learn from you. Life is amazing so as God. Let his death be a lesson to every one. R.I.P.
He gambled big time and lost. Some people think cryptocurrency is their ticket to becoming rich and famous at a very young age. Get-rich-quick or die trying.
That's such a sad news but this the drawback of bitcoin many investors are not aware of what investment they are making they are not aware of the different risks involved with such a investment, now that he's dead nothing can be done always wait until price recovers
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