No No. Lets say my blog imtips.co is having links that Google thinks is inappropriate and is for manipulating the Google's SERPs. So Google warns me saying you remove them or your pages having those links is de-indexed and things like those.

So it is not about incoming or outgoing but it is those links that Google thinks are not related and means those pages are de-indexed and so eventually the sites getting those links would have SE positions impact. The pages that are de-indexed are impacted in SERP's as well as sites that are ranking because of those links as well.