Many cryptocurrency players have gone bankrupt

[noah tall]

I don't think that all traders who go bankrupt because they play cryptocurrency, there are so many traders who can actually get a lot of profit because they can know the right time to buy and sell coins.

The cryptocurrency market is not easy to obtain huge profits and great results as many people still think. Cryptocurrency is a very harsh financial market due to its small capitalization and is dominated by market volatility. So if you do not really have much knowledge about investing then do not take the risk.

That would be hard to say though considering the market can do as it pleases, but I still tend to understand it is normal to see the market go lower and consolidate for a while before even attempting to switch trends at all. 2 - 3 years may be a very long time before it starts recovering, considering as well that things tend to go faster these days both in downtrend and uptrend as the market keeps maturing, and would be hard to start judging from how the past occurred.
You may find that improper management must be the reason if you go and study with them. I am sure all people cannot manage a crypto venture but most people are not ready to understand this face but keep investing into random ICOs too.

[noah tall]

your opinion is correct, many cryptocurrency players go bankrupt especially in trading, many people are interested in cryptocurrency especially bitcoin, because the price is expensive in 2017, they trade only relying on luck and without a good strategy, so it's natural for many people to go bankrupt .

Practically, I would even say only those who are greedy and wanted to make some quick money overnight are those who would have ended up going bankrupt. It is funny how last year, so many people were going on credit to purchase into the crypto world, some put in all their life savings, and some borrowed from friends and families all in the name of getting rich overnight, without even understanding what the main idea of the future of what they are investing in is all about until it is too late.
Some eventually end up consoling themselves with patience and finding a way to retrace but for those who went in so deep to the level of borrowing, then they really got what they asked for with no one to blame but themselves.

[mamesso]

I think this might happen. because of their greedy attitude, and forced to hold then forget about stop loss.
I agree if they keep the ETH, I'm sure he suffered a big loss.
because some people throw away their eth and currently eth is dying.

[Willitivity]

Not necessarily going bankrupt as per say, but have lost alot of money with this unexpected drop. Those who bought in at the last year bull run are now in big loss, so many have sold off and left rather than holding to the loss. But on the other hand, so many other players are making it big, riding the waves.

[nniecan001]

If you want to avoid bankrupt and get back your loss make other option like bounty hunting.

For me, it's looks like the only winner is those bounty hunters even if there's a bull run or none. Maybe they got a little amount of payment but still they not encounter a bankrupt cause they not have any capital to invest with...

[futureofeth]

Yes, because the prices of altcoin decreased a lot in the market and which nobody has expected there is a huge downfall in the market and many people have lost their investment. We don't know how long it is going to take to recover the prices but for everything, we have to hold them until their prices start increasing.

[hualy2]

The financial market is very cruel. If someone makes a profit, there will be someone losing money, but most bankrupt players are greedy!

[medconindi]

They need to learn how to manage capital to accept stop loss. You should remember that money can continue to play

[goaldigger]

The dump last 2017 made a huge difference on crypto world particularly crypto users. Many investors also dump their coins and panic sell. This was the reason of the bankruptcy you were talking about. The sad part is that, those people who are into it also lose faith investing. Lets understand that the market is just normal and you are not lost if you dont sell at a lower price.

[watashi007]

The dump last 2017 made a huge difference on crypto world particularly crypto users. Many investors also dump their coins and panic sell. This was the reason of the bankruptcy you were talking about. The sad part is that, those people who are into it also lose faith investing. Lets understand that the market is just normal and you are not lost if you dont sell at a lower price.

But I would not say that there are many such people. Simply against the background of a general decline in the market, people began to invest more in the long-term perspective.

[PrestonTrader]

Good day to all, as regards bankruptcy, there are not many crypto-enthusiasts in my entourage, but those who are 50%, alone with all hands for - since they raised nothing in this year simply on the growth of the course, many on the contrary entered late in the most peak values ..))

[PrestonTrader]

I will say it is easier and many probably agree with me, the market is new as it behaves tomorrow very few people know, so we copy experience learn to gain skills, and all the more we invest only what is not terrible to lose (do not run to banks for loans) !! just think when to enter the market, there are so-called entry points - for example, now is the time

[PrestonTrader]

The dump last 2017 made a huge difference on crypto world particularly crypto users. Many investors also dump their coins and panic sell. This was the reason of the bankruptcy you were talking about. The sad part is that, those people who are into it also lose faith investing. Lets understand that the market is just normal and you are not lost if you dont sell at a lower price.

completely agree - until you sold nothing lost, or you are a speculator (instantly arrived) .. or an investor .. but I repeat the market has rules - (for example the entry point, or in simple words - the eternal growth simply can not be !!

[PrestonTrader]

The financial market is very cruel. If someone makes a profit, there will be someone losing money, but most bankrupt players are greedy!

greed - as they say in the proverb - the cause of poverty, I agree .. there really is a market, ie someone buys and who sells something ... if bought expensive, sell when more expensive, and this can happen only in 2 cases when time has passed and the project has gained momentum, or when the market is up, and push up

[ToniJu]

Almost no cryptocurrency company will go bankrupt, even if it is, then bankrupt because it is a fraudulent project, but I believe many players are bankrupt because of investment coins!

[wozzek23]

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 .

Who and who exactly are you talking about? if there is anyone going bankrupt here you’re the one cause I haven’t gone bankrupt trading cryptocurrency. Ever since I started reading crypto I never lost much, just a little and I keep on making huge profit from time to time. Maybe you were Hodling and was less concerned. Try to cut your loss and if you’re going for trading then don’t go all in and use the scalping method.

[sevenjoy]

Almost no cryptocurrency company will go bankrupt, even if it is, then bankrupt because it is a fraudulent project, but I believe many players are bankrupt because of investment coins!

Greed is such a worst thing that destroyed many people. Bitcoin investment is full of risks and you can earn or lose money in seconds. A greedy person never makes money because when the price grows he waits for more growth and suddenly the price falls and he gain nothing. They lose their investment and gone bankrupt due to their greed and impatience.

[plescruslo]

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 .

Who and who exactly are you talking about? if there is anyone going bankrupt here you’re the one cause I haven’t gone bankrupt trading cryptocurrency. Ever since I started reading crypto I never lost much, just a little and I keep on making huge profit from time to time. Maybe you were Hodling and was less concerned. Try to cut your loss and if you’re going for trading then don’t go all in and use the scalping method.

Why they gone bankrupt because they cannot wait for good times and take wrong decisions and lose their money. Cryptocurrency investment is for long time and an investors needs two thing before investment in cryptocurrency, one is patience and other is courage to bear the loss due to fall in the price. if you have these two then you will never be bankrupt.

[taliwang]

if you draw conclusions and comparisons, maybe only 25% of people will experience losses due to cryptocurrency and that is because of his carelessness, he who does not know how to trade properly and properly, makes some traders go bankrupt.

[surfer43]

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 .

Even i am soon going to be bankrupt. I have really faced a lot of losses untill now and will have a huge loss ahead and i am really preparing for it much harder. Huge price fluctuation has really caused a lot of hectic works and also i am a fool to sell a lot of bitcoins and ether at the dip which really went much bad for me.