Topic: Suicide due to losses due to investment in virtual currency - page 21. (Read 2454 times)

Ohh no,sad to hear that but people need to understand that crypto currency investments are riskier so they need to invest only the affordable money to lose for them or else it will results in fatal like this.

come on let's be serious if we listed every suicide due to financial loss in every market then there would be an entire sub forum for it.

sad news but regardless of the reason for loss you would need to have other serious issues to take this action.  

Stable individuals simply do not kill themselves over financial loss especially at such a young age.

Sad news no doubt but not something virtual currency can be held be responsible for. There would be other factors.

During the big stock market crashes droves of people took this way out.

People who run their own business which goes bankrupt also take this kind of sever action.

I don't think you can base regulation on the 1 person from millions of people that take this action due to one factor of many in their lives.

This are really bad news, because it show the type of craziness that is going on in peoples minds because of all the hype generated by crypto. That's why I kind of understand the strict regulations that are happening in bitcoin. The China ban might have been to extreme, but Russia only allowing that professional investors buy bitcoin might be understandable in some point, and Facebook banning crypto adds is quite normal as well.

Of course that these things should be done by family members and friends, and not really government, but the truth is that most people that come into BTC don't understand it, and they need to be protected from doing crazy things. I like bitcoin and crypto and I think it's a great investment, but every time someone asks for my opinion or asks me to buy crypto for them etc, I always tell them to first look into bitcoin use cases and state of development. Then they can ask me questions if they didn't understood things and I will explain them what I know, and after that I still tell them that they must understand that they can still lose money because although BTC has potencial, we can't be sure it will work.

Only if they understand all these things I help them buying crypto. I can't prevent them from buying it anyway, but right now, all my friends that bought bitcoin still hold their coins regardless of the current price drop, and they simply don't care. These are the type of invetors we want, and I know none of my friends that bought BTC after this will commit suicide because of their investment, or panic sell because of FUD.

It is so normal conclusion if a teenager joins to cryptoworld. Families should take care about their children and should not let their children to trade. Because whether they loose or win they can make ridiculous things such as this or stopping going to school etc.

RIP You poor mofo

Perhaps he could not accept that he loses such big amount of money he couldn't imagine losing more than he earned...he blame himself and so disappointed that he decided to end himself, its hard for him to accept the truth  that sometimes it happens.. but hope that he also able to think during those time and that somebody helps him realize that life is more important than money that he can recover what was loss and there's still chances for it when the value gets high, but when life ends it never returned.

that is the most stupid thing, can not accept reality
life is not always beautiful, remember that!
if one day finds the problem, find the solution, because there is no problem that can not solve. and suicide is not a solution, it just makes things worse
and bring new problems to your family, or your relatives

It wasn't supposed to happen, wasn't it?

He sees bitcoin as a gambling tool, and invests too much money, which is clearly unreasonable.

It was a pity,and that it caused my deep thought.

This is the problem with current generation. They should not focus on money only. Also, I am sure that he invested most of his savings there that resulted in this.

Yeah , he gained 200k from his investments but nobody said how much were those "investments" worth.
But I think that most likely he threw away all his earning on some ICO or ICOs that proved to be a scam and ended up
with nothing.

I've seen cases like that when people who just got rich can't really cope with the fact they've lost it all. Previously they could simply live even with a loss of something like one year worth of wages but once they reached that level where they believe the hardship is over and they will have a easy life they can't cope with the loss and going back to their previous way of living.

When someone depressed that persons needs someone to talk to. This is really sad to hear someone suicide because of bitcoin decreasing a lot. All of us here at first not happy with the current situation in the market but let's be positive that it will recover.

Gambling is a problem. Depression is a problem as well.

For a depression I would suggest a constant care, consulting a doctor for sure. Never neglect that problem.
For gambling, I would suggest - stay away, always. If you can play the game like a sport, without investing and losing sweat only through training then OK, but the moment it starts to overwhelm you - stay out, it is not for you.

Never invest more then you can afford to lose without even looking back at it, and never look tragically at loss of things you didn't have before you started.

I feel really sorry for the family of the poor guy.

hope Korea won't turn its back against crypto

then before we start anything it's good to ask for help people who are experts in their fields, or work together.

We tell people every day, DO NOT invest more than you are willing to lose, but they still do. There are people out there selling

cars and houses to invest in Crypto currencies. This should not happen, but people still do these things. There are even people

out there, buying Crypto currencies with Credit cars. Please DO NOT do this.  ..... It is OK, to invest some disposable Fiat

or a small percentage of your saving... NOT ALL of it. A very sad day indeed. 

When I read some people saying that it's someone else and we can't judge, or that there may be something better on the other side...

people, Crypto is a complicated and Dangerous place. If you're not even smart enough to understand that "the other side" is nothing but a rotting corpse, then what the hell are you doing here?

Gambling and investment are wonderful because IT IS IMPOSSIBLE TO LOSE anything you don't want to lose. There is no valid reason whatsoever that justifies someone losing enough to hurt his life. A Death is Always a sorry thing, no point in dancing on someone's corpse, but we can't as a society and community look at this as anything but a macroscopic display of stupidity and ignorance.

of course "sad". Because he was too young, just 20 years old, he’s so foolish. He has a beautiful future ahead.
I hope he think carefully before he act.There’s More To Life Than Money.

Many people commit suicide, because of FIAT losses.

That would happen if we only focus our life on money.  If our focus will be on wealth and we based our happines on material things.  It is indeed sad that he became so desperate and ended his life just because he think that bitcoin is much more than life.  Anyways may he rest in peace.

This is why I say that one should be very cautious with Bitcoin investments. You should invest 10-20% of the savings only.