Many cryptocurrency players have gone bankrupt

[Hobo66]

A few people who are involved in crypto lose their property because they have no specific plans when they start investing , they are too impatient to get rich without knowledge, even some lose money for the guys Scam in this market. This is a warning for those who want to enter the market to prepare for a good plan

Yes that is right that it is too much important to have good planning and strategy for selecting a good coin, if you will invest your money without having any good investigation about the coin then it is too much risky and you can lose your investment if the coin goes to dead.

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[bitbunnny]

This is no surprise at all. Many have gone bankrupt and many will.
The main reasons for that are investing without enough knowledge and experiences, not enough information, too much eager to get quick profit, lack of investing strategy and trying to recover loss quickly getting into biger losses.
Many investors are not aware of the risk they are taking and they overestimate their possibilities, it could be dangerous combination.

[4x4et]

LOL

where is the source for this topic?

Your ass?

Newbie opening shitpost topics. This is shitposter's paradise. Everyone should leave red trust so they couldnt sell their accounts.

[Liquidathor22]

It seems to me that many started developing their own projects. Someone creates coins, and somebody services for promotion, for example Upvotes.io.

[marine4u]

A few people who are involved in crypto lose their property because they have no specific plans when they start investing , they are too impatient to get rich without knowledge, even some lose money for the guys Scam in this market. This is a warning for those who want to enter the market to prepare for a good plan

Yes that is right that it is too much important to have good planning and strategy for selecting a good coin, if you will invest your money without having any good investigation about the coin then it is too much risky and you can lose your investment if the coin goes to dead.

Investing blindly and not carefully studying the project at the beginning is the cause of the failures that investors may encounter in the investment process. I think if you want to invest long term and develop along this market the investor needs to have a clear plan and seriously implement it. The cryptocurrency market is very potential and the opportunity is huge.

[iMark]

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.

Of course there are many users who are bankrupt if they give up at the moment, prices have been as high as the sky at the beginning of the year. of course there are many users who buy them at that time, like me. if they continue to hold back until now, of course they have already suffered a huge loss, if they give up they will certainly go bankrupt

[nidacoinlove]

This is no surprise at all. Many have gone bankrupt and many will.
The main reasons for that are investing without enough knowledge and experiences, not enough information, too much eager to get quick profit, lack of investing strategy and trying to recover loss quickly getting into biger losses.
Many investors are not aware of the risk they are taking and they overestimate their possibilities, it could be dangerous combination.

Yeah in cryptocurrency there are over 80% people who have gone bankrupt but they are personally responsible for them. Either they have invested in a wrong time, the coin they have invested may be a wrong choice at that time or they may have not recognized the time to withdraw their funds and realize the profit needed.

[thichtieuthuong]

I do not think that it will go bankrupt when playing electronic money, you are trading and investing it in a conscious way. You will be happy when you make a profit, it is important to know how to capture or not.

[el kaka22]

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 .

A good cryptocurrency platform/exchange wouldn’t go bankrupt easily just like that, it’s only all these new exchangers with no plans and most of them are scammers using bankruptcy as a way to escape with their plans. I would be happy if you mention any cryptocurrency exchange that went bankrupt, it will never be a reliable one, trust me. That’s why you are being advised not to go for any of those unreliable new exchanges.

in cryptocurrency there are over 80% people who have gone bankrupt but they are personally responsible for them. Either they have invested in a wrong time, the coin they have invested may be a wrong choice at that time or they may have not recognized the time to withdraw their funds and realize the profit needed.

Where you got that stats of 80% of people ? It is just an imaginary number ? I agree it is an anonymous world and everyone here scamming others if they find a chance also hackers are coming down with new and powerful tricks but when we are protecting ourselves as per prescribed mythologies then we may avoid regrets.

[ocid]

A few people who are involved in crypto lose their property because they have no specific plans when they start investing , they are too impatient to get rich without knowledge, even some lose money for the guys Scam in this market. This is a warning for those who want to enter the market to prepare for a good plan

Yes that is right that it is too much important to have good planning and strategy for selecting a good coin, if you will invest your money without having any good investigation about the coin then it is too much risky and you can lose your investment if the coin goes to dead.

this is a very important step before we decide to invest in several types of coins, do research first on each coin that we will invest so as not to suffer losses in the future because the coins we choose cannot last for a long time

[ellehcar]

You never lose unless you sell. Well, I guess, the reason why they've gone bankrupt is that they sold...in a panic. In this business, emotion has no place. You need to stay emotionally mollified, despite the swings and sways. And when entering this business, always remember the golden rule of investment: Don't invest any amount you can't stand to lose. Be sure that whatever you put in here is not essential to your daily life and operations, so that you won't end up a total loser. You can START SMALL and play the market wisely and PATIENTLY, so that you won't be one of those bankrupt minnows.

[Pablobiz]

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 .

Probably the New Comers who just heard the boom of Crypto-currency and then hopped in. They followed some other traders who were preaching "HODL, the market will rise soon regardless the fall".
The cryptocurrency market has lost nearly 50% of its value since its peak of US$840 billion in early January 2018, yet believers are advising to “hodl” despite the dramatic drop.

[Pablobiz]

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 .

Probably the New Comers who just heard the boom of Crypto-currency and then hopped in. They followed some other traders who were preaching "HODL, the market will rise soon regardless the fall".
The cryptocurrency market has lost nearly 50% of its value since its peak of US$840 billion in early January 2018, yet believers are advising to “hodl” despite the dramatic drop.

In economics and decision theory, this approach can be explained by the loss aversion phenomenon which refers to people’s tendency to prefer avoiding losses to acquiring equivalent gains: it is better to not lose US$5 than to find US$5.
The prospect theory too describes well the mindset of cryptocurrency’s most fervent believers. Basically, the idea is that people value gains and losses differently, and, as such, will base decisions on perceived gains rather than perceived losses. According to prospect theory, losses have more emotional impact than an equivalent amount of gains.

[mesagrandporrets]

I have never really heard this before and it is the first time I am hearing this. 

[yulchatar]

If they have at least some kind of cryptocurrency, it can't be argued that they went bankrupt. Just now, the price of the currency has decreased and, accordingly, the value of the cryptocurrency portfolio has decreased. But this is a temporary situation. As soon as the market begins to recover everything will fall into place. So don't rush to write down all in bankrupt, be patient.

[Deubila]

This is no surprise at all. Many have gone bankrupt and many will.
The main reasons for that are investing without enough knowledge and experiences, not enough information, too much eager to get quick profit, lack of investing strategy and trying to recover loss quickly getting into biger losses.
Many investors are not aware of the risk they are taking and they overestimate their possibilities, it could be dangerous combination.

The lack of knowledge in all areas leads to failure. Electronic money, too, should be equipped with the platform to conquer the market. According to this article is conjecture. Because professional investors are flexible in doing so, it is difficult to fail. When the market fluctuates, they move BTC to USD quickly. Usage is very smart.

[Lynks]

Yes  i agree with you.  But it all boils down to good trading and investment strategy even in this market condition some still makes good money because they plan well and invest well in good icos and it has been working for them well

[Sadlife]

Because of being to greedy without even having knowledge in what they're doing they still invest money on projects not knowing it's just a shitcoin or a ponzi scheme. Just because they're promised with big profit and immediate gains they dont bother doing research about that project or coin.

[Giiootona]

a lot, right too. But not all of them go bankrupt. It depends on how we do it. many cryptocurrency players get rich too

[athlete]

This is due to the fact that many simply do not have enough experience. I myself made such mistakes. Now I'm very careful)