Suicide due to losses due to investment in virtual currency - page 22.

warningsigns

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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

fireblond

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Thrive

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......

Thoughts and prayers go out to his family and friends. Also I cannot stress this enough, DO NOT invest more than what you are willing to lose! Do not invest your life savings (Car,house, college tuition..) Also it might not have only been about crypto and he might have suffered from mental problems due to other things, If anyone reading this is going through depression. Don't be shy to talk about it with others you aren't alone Wink

warningsigns

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This is sad. Never invest or bet your entire life savings on anything so volatile and uncertain. Losing it all is a disaster which can destroy families, jobs, health and life.

Many of us are ardent believers and followers of this technology but cautious optimism is just as healthy as tempered skepticism.

Asians have a strong saving-face mentality which is what drives them to do extreme things to compensate for any failure. Even making life-ending decisions for things like failing exams or being rejected admission by universities.

Failures should be celebrated. It's like a free college course offered by the university of life.

wnj4

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NOBT - WNOBT your saving bank◕◡◕

Quote from: aioc on February 05, 2018, 08:37:00 AM

I don't know why he has done that, game is not yet over for Bitcoin we are still in a thick of a fight, he will not see how it all ended or if he win or not in the future, this is what happens if you are not comfortable in your investment, experts have always advice newbies to only invest what you can afford to lose.

Totally agree with your thought, that the newbies begin into cryptocurrency he need to invest what he can afford to lose.

buternasek

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that's a very stupid thing, not just in korea
it happens in some countries, and triggered by the same thing, that is experiencing loss of investment with bitcoin
I hope that everyone thinks before investing, and remember! bitcoin is an investment that has a very high risk

mekie

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Unfortunately this is the reality of highly speculative and volatile markets, so the advice that many have given on this forum and others is DO NOT invest/risk any more than you can comfortably afford to loose. Rest in peace.

paolo099

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this is a sad story but nothing, sadly, news in this world.
Crypto are just another form of investment and losing all your money can take you to the edge and take this stupid decision.
Many people are killing themselves after they lost their job and can't find a new one, can't afford meals for their family or lose their houses.
Crypto are affected by this, everything who has a real value can affect your life in a good or bad way.

lunnatic

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COMBONetwork

Apparently the effect of cryptocurrency is very influential on real life. But if think about losing that kind of money who is not depressed. The decision taken by the young man is also wrong because he can wait a while until the price recovers. I am proud of the achievements that have it get in the world of crypto may he happy down there.

aioc

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I don't know why he has done that, game is not yet over for Bitcoin we are still in a thick of a fight, he will not see how it all ended or if he win or not in the future, this is what happens if you are not comfortable in your investment, experts have always advice newbies to only invest what you can afford to lose.

WalkinRobbie

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i felt like this for missing the boat

Carmen01

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Streamity Decentralized cryptocurrency exchange

Accept everything before you move that's the key in trading like think the possibility might happen to your investing we need to handle it,i think he got depressed but that's not good to kill yourself and we live to have fun in life if you angry in the world then that's a big problem because in life this is meaningful like you can imagine what you can achieve in the future so better to think positive and let go the negative.

tuskacz

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Suicide is one's own choice. Never ever you should judge someone on this. This is his life and not yours. World is full of sh*t today so I fully understand him. Hopefully he will find better life on the other side.

michael shikany

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The Experience Layer of the Decentralized Internet

A few days ago I also saw the news, this is a sad news.
The risks of cryptocurrency market are huge, and I don't recommend that anyone take out a loan or put all of their money into an cryptocurrency market, which is too risky.

TheGodson

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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.

That is sad. He was only 20 years old which is a pretty young age to kill yourself. I've seen some other people post suicidal thoughts in the forum. Some of the mods even removed a couple of them for some reason. I don't understand why people want to sensor such things. Even though things are uncomfortable or unpleasant it is important for people to understand the truth about what is going on. Also, if people are announcing suicidal thoughts it is a call for help. Even though it can be a bit annoying, it is still worth it to keep it and possibly save someone's life.

It is too bad this kind of thing happens. Imagine how many of those suicide victims didn't leave their private keys around for their loved ones to have. There are probably a whole bunch more bitcoins out there floating never to be seen again.

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

When the stock markets have crashed before many people have taken the same action.

WHat i don't get here is he gained 200k and then killed himself? what you do mean he thought he lost but then after he died it turns out his coins mooned or what?

Or do you mean he lost 200k of his initial investment?

I see many more of these to come if they invest in ICO's most will turn out to be scams or failures.

Stick to well known developement teams who have produced something of value that is already functional that way some value is locked in if it has a good use case.

sad story though. 20 is young age to do this

ccernat

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Sad? Why would it be sad that a moron ended his life because he gambled and lost?

kareninsf

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That is heartbreaking Sad

Life is so short- embrace your family and friends and keep in perspective what is important in life- suicide is so tragic
https://youtu.be/4gO7uemm6Yo

nhieutam2008

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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.

Topic: Suicide due to losses due to investment in virtual currency - page 22. (Read 2454 times)