**So I read this article today which is about a guy in China who filled a lawsuit against the crypto exchange Huobi, because he lost money on Huobi thanks to his own faults.**

**In short:** The accuant (I don't want to use a name here) filled a lawsuit against Huobi, because he lost 400,000 yuan (circa 51,000€ or 61,000$) while trading on the exchange. He deposited 1.4 million yuan (circa 179,000€ or 215,000$) in October 2016 to trade there, but with more and more losses over time he cashed his money out because he couldn't stand the pressure anylonger and made the above mentioned 400,000 yuan losses. Now he tried to force Huobi to pay back the lost money as Bitcoin (and with it all other crypto currencies) would not be an existing thing and also not a legal tender and that according to Marxism commodity should have a price and value, but Bitcoin could not be classified as one. In the end the court decided that it's not the responsibility of Huobi but by every trader to know that you going into a risk if you trade. 

**(Read the full article here: https://news.bitcoin.com/bitcoin-investor-sues-huobi-%c2%a5400000-in-losses/ )**

If I see people act like this I ask myself why someone like this even is allowed to have so much money and to act freely. I mean, he put money into an exchange to trade with this money and you can see everywhere that you risk all your money you use for trading and that you just should use money you can afford to lose in worst case. When I started trading crypto in summer 2017 I read alone 1-2 weeks just about how to trade and for what you should pay attention before I even bought my first Satoshis and traded it for the first altcoins. You can't point out with your finger and blame others for your own mistakes, but it seems that this is everywhere the way people try to act, after they made some, not just in crypto. 

By the way, let's assume he would have bought at around 620$ per Bitcoin in October 2016. Even after he made his losses of 400,000 yuan he would have still around 1 million yuan left, or around 153,000 US dollar. That would be around 246.5 Bitcoin (plus minus a bit). Would he kept his remaining investment into Bitcoin until today he would have today (11. January 2018) with a price of 13,540$ per Bitcoin 3,337,610$. And maybe you remember, in December 2017 we had prices around 20,000$ for Bitcoin, so what do we learn here? Hold your coins and don't panic sell! 

![Bildschirmfoto 2018-01-11 um 15.23.22.png](https://steemitimages.com/DQmWnHDJm7viiMCVa9AQHY7jJTAsiWHrytxEEPR7Qv5VamN/Bildschirmfoto%202018-01-11%20um%2015.23.22.png)

So maybe he should try again and fill a lawsuit against Huobi because he missed the 3 million?