early January, however, the price of bitcoin collapsed to around half its value in a matter of weeks. He later rescinded the claim. Maybe these words were never heard by Kang Dong-Pyo, a 20-year-old college student who suffered from depression and committed suicide after losing a lot of money due to his failure to invest in cryptocurrencies. The Silk Road marketplace, established in 2011, was the first of hundreds of sites to offer illegal drugs and services in exchange for bitcoin 4/8 The first bitcoin ATM appears.
The suicide prevention post on Reddit, posted by a user going by the name of A_Internet_Stranger, explained how people new to cryptocurrency investing would be among the worst affected by the recent price drop. Do not invest more than you can not afford to lose. Everything else is secondary. I could be taking my words back in my next post, but I know I wont! For instance, NZ Herald ran a story this year about a young bitcoin millionaire who inadvertently gave away his home address on social media. While the topic may seem like fantasy, enough incidents exist that confirm its validity. This post is probably a little bit hate oriented towards Bitcoin, but heyfree speech after all.
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The price falls of bitcoin and other major cryptocurrencieslike ethereum, litecoin and ripplehave been attributed to a variety of factors, including news reports in South Korea and China about increased government regulation on exchanges, as well as the closure of the popular crypto platform Bitconnect. In this case, it wasnt the theft that drove him to suicide; rather, it was the regret of what could have been. You either feel it straight away, or you keep fooling yourself until it melts right in front of your eyes. Their only resort from their pained perspective is to make the ultimate decision. I would to give you a professional review of what just happened in the Bitcoin market, but I am simply not educated enough in this field. I f you have been affected by this article in the UK, you can contact the following organisations for support: /livewell / mentalhealth samaritans. Ill take this opportunity to share this: no financial occurrence is worth taking your life. Were all now along for the Bitcoin ride. According to, eric Finnman, a teenager who became millionaire after buying great amounts of bitcoins when the prices were low, such a bearish run was a normal and foreseeable market trend. According to police reports, by the early 2016, forex training group he asked to be excused from his university to go to the hospital where he received the treatments, returning later to his hometown in Busan, where he began working as a social worker in late October.
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