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Author Topic: Many cryptocurrency players have gone bankrupt  (Read 2652 times)
PlayUp
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August 13, 2018, 02:00:05 AM
 #121

Is the term "bankruptcy" in cryptocurrency not at all slightly ironic?

Also this sounds like a ridiculous statement to make, seeing as people can hide/move their crypto at the drop of a hat.

Don't get me wrong, 2018 has been a diabolical year for many in crypto, but with the right strategies there are many ways to make money.

Often looking at ICOs with a genuine use case and a token with existing utility value is a safe and easy long-term investment. If the token has utility that strengthens it's reputation with regulators and if it has an existing business or platform to slot in to then it is bound to increase in value in the long term.

Anyone going "bankrupt" in crypto right now is not being patient. Identify the solid projects and grow your portfolio one clever investment at a time.
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August 13, 2018, 04:27:56 AM
 #122

bankrupt in playing crypto many factors, one of which is crypto is gambling, which requires good mentality in trading and I am sure those new players have not been able to keep up with the strong market pressure so they lose control and go bankrupt

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August 13, 2018, 06:04:10 AM
 #123

Because in this year Cryptocurrency make a big movement and impact from big pump from bitcoin last year, than many traders sell his coin and than bitcoin dump
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August 13, 2018, 09:52:51 AM
 #124

in my opinion it might be because of the mistakes they made themselves because they should be able to know when to become a trader the right time to buy and sell coins and not only that traders must be able to control the patience they have to be rich.

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August 13, 2018, 10:35:36 AM
 #125

in my opinion it might be because of the mistakes they made themselves because they should be able to know when to become a trader the right time to buy and sell coins and not only that traders must be able to control the patience they have to be rich.
There are times we are experiencing some loses during our trading day but if the result of that action is bankruptcy then I think you have a big problem. Cryptomarket should be the place for you to increase your asset or liquidity but if its negative then better to stop for a while and then learn more about the market and back here again when you’re ready don’t be too greedy to prevent things like this.
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August 13, 2018, 12:42:37 PM
 #126

A situation that's like a prolonged downtrend can be an obstacle, but of course.. that can be overcome/faced, many efforts here can be done to deal with a downtrend but maybe it can be one of the reasons for bankruptcy if not in the long term.
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August 13, 2018, 04:39:30 PM
 #127

I do not think many electronic players will go bankrupt, there are many people enriched with electronic money. Only people who are too greedy to lose their property, do not know how to pull losses when the market shows signs of going down.
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August 13, 2018, 06:16:26 PM
 #128

Many a business individuals have lost out.
There are risks involved in any business venture.
Most times someone has to lose out for another to gain.
The important key is improving your game to maximize profits

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August 13, 2018, 11:09:23 PM
 #129

A situation that's like a prolonged downtrend can be an obstacle, but of course.. that can be overcome/faced, many efforts here can be done to deal with a downtrend but maybe it can be one of the reasons for bankruptcy if not in the long term.
A lot of people are investing in this market but have no basic knowledge about it and it is extremely dangerous to succeed in this market. Invest if you really understand it, if you do not understand then do not invest.
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August 14, 2018, 02:00:07 AM
 #130

Many cryptocurrency players have gone bankrupt
As I said in this year's new futures market
Such speculation has already allowed many former winners to Departure .




Well, they know the risk but we don't really know how many of them did really go bankrupt. The risk on investing on this market is just next to gambling so people should not go all in and feel  that they already won a jackpot. But I don't think that those who profited already left because cryptocurrencies are the only market that can give so much reward they could not get from anywhere.

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August 14, 2018, 03:15:06 AM
 #131

Many a business individuals have lost out.
There are risks involved in any business venture.
Most times someone has to lose out for another to gain.
The important key is improving your game to maximize profits
Investing blindly and without knowledge is extremely dangerous and failure results are understandable. Never invest without really understanding the project that you are involved in. I believe that cryptocurrency will grow very strongly in the near future and the opportunities for investors remain very open.

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August 14, 2018, 03:15:48 AM
 #132

In any market, it's simple rule that if one is winning means someone is loosing. So it will be wrong to say that just crypto. its in every market. And also instead of going all in for one crypto is not a good idea. Always try to distribute and maintain a versatile portfolio. I have lost in the starting and was quite depressed. But luckily got some information from here and there and started to work on the basis of charts and graphs.[Always check the credibility of the crypto in which you are investing.]
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August 14, 2018, 03:51:57 AM
 #133

Can you name any of them that have gone bankrupt? I'm a crypto player/trader but so far so good and I have never been bankrupt.
You are saying that there are many traders that have failed in the crypto market.
Do you have any reason on why you are saying this or you just basically want to say this to scare others?

Definitely he is,this thread was created to push people from crypto away.

I don't see any reason why people make thread like this in good intentions becaus people now needed moral booster since all of us are going through hard time to gain a little .

But with our skills and knowledge about trading we can survive this downtrend and seeing good future sooner

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August 14, 2018, 03:55:26 AM
 #134

playing crypto many factors, one of which is crypto is gambling, which requires a good mentality in trading and I am sure the new players cannot compete with strong market pressure so they lose control.
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August 14, 2018, 04:41:54 AM
 #135

That's why you can read everywhere regarding cryptocurrency "Never invest more than you can afford to lose".  Crypto is still in early stage and projects needs to establish themselves so when bear takes control people will quick dump the token they have because of uncertainty and to protect their investment and who did not get out will suffer and had to thrive until bull returns.  Who cannot afford to run on losses will definitely get bankrupt.
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August 14, 2018, 06:50:39 AM
 #136

Many cryptocurrency players have gone bankrupt
As I said in this year's new futures market
Such speculation has already allowed many former winners to Departure .
I don't think the term bankrupt in investment, if the market falls, investors simply hold it longer, because to sell and wait for the market to recover will require a long time after a big dump like this. If you are able to be patient then you will not go bankrupt and still will profit in the future.

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August 14, 2018, 08:33:10 AM
 #137

Many cryptocurrency players have gone bankrupt
As I said in this year's new futures market
Such speculation has already allowed many former winners to Departure .
I am also a trader and I have not experienced any losses from Crypto. in my opinion it is only a beginner who does not have a strategy in the crypto field and suffers a large loss. and I think you are talking like that because you are losing money and spreading the FUD to scare everyone into crypto. I want you to mention one of the players you think has suffered a loss. can you prove it?
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August 14, 2018, 09:38:30 AM
 #138

Although I did not see the bankruptcy of the cryptocurrency company, I saw my friend went bankrupt because he blindly invested in cryptocurrency. He used credit cards and bank loans, and now he has suffered huge losses!
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August 14, 2018, 09:43:33 AM
 #139

Many cryptocurrency players have gone bankrupt
As I said in this year's new futures market
Such speculation has already allowed many former winners to Departure .
I am also a trader and I have not experienced any losses from Crypto. in my opinion it is only a beginner who does not have a strategy in the crypto field and suffers a large loss. and I think you are talking like that because you are losing money and spreading the FUD to scare everyone into crypto. I want you to mention one of the players you think has suffered a loss. can you prove it?

Are you claiming that you are the best crypto trader in this world? It is hard to believe that there is a trader has not experienced any losses in their trading history. No matter beginner or expert, there must be a time when they lose something while trading.
You must be very rich person now if what you say in the bold part is true. Can you prove it as well?
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August 14, 2018, 10:16:41 AM
 #140

I do not think many electronic players will go bankrupt, there are many people enriched with electronic money. Only people who are too greedy to lose their property, do not know how to pull losses when the market shows signs of going down.

It may be possible considering that people fear to buy in falling market and buy during the high market which is the wrong and against the best billionaire philosophy. Thus consider this when the market is high you buy and then realize that it kept on falling and you require money so you will end up in a heavy losses considering how much big qty you have bought it.

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