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Author Topic: Many cryptocurrency players have gone bankrupt  (Read 3764 times)
brightMan
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October 22, 2018, 11:54:04 AM
 #301

seems that you might have lost some money and you are reporting your impression about the crypto players...
trading is not my area, but I hear that there are a lot of players that keep making money in spite of the market conditions... at the bear market it is time to separate the good from the worthless, and this concerns projects, traders, scammers, quick cash obcessive....
Crypto opportunities are still there, you just have to work harder and better to get them

Yeah it is right that smart traders can even make money in these rough conditions. They do not wait for good times. This time is also good for them. It is a fact that most of the investors lost lots of money in bitcoin but it is also a fact that thousands became millionaires just because of bitcoin investment. They hold their coins for years and this patience gave them big profits.
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October 23, 2018, 04:29:32 PM
 #302

Maybe they entered or exited at the wrong time,don't expect to go millionaire in a year or two if you expect that then the opposite will happen just like for the people who departure early at this bear market.Even they are in loss they needed to prepare for that while they were investing into the crypto currencies that is we keep saying never invest more than you can afford to lose.

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October 23, 2018, 05:29:54 PM
 #303

Maybe they entered or exited at the wrong time,don't expect to go millionaire in a year or two if you expect that then the opposite will happen just like for the people who departure early at this bear market.Even they are in loss they needed to prepare for that while they were investing into the crypto currencies that is we keep saying never invest more than you can afford to lose.

It is not a magic that people will become millionaire overnight. It is a process and strategy that needs to be applied and in long run people will benefit form it. Those panic sellers will never make money and will exit or buy at wrong time only due to which they go bankrupt.

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October 23, 2018, 05:39:29 PM
 #304

given in any industry if you are not that good in that specific area of business most likely you will be ending bankrupt but dont let this this happen without giving you a good lesson in life and try again some time. a great trader is product of tons fail calls.

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October 24, 2018, 10:24:44 AM
 #305

given in any industry if you are not that good in that specific area of business most likely you will be ending bankrupt but dont let this this happen without giving you a good lesson in life and try again some time. a great trader is product of tons fail calls.

I'm sure majority makes tons of money last year because they just FOMO and didn't understand the market, on how it operates. But since the mode has changed for the worst this year, they didn't know how to react at this situation, causing them to go bankrupt and the money they earn + capital is totally burned by now, hard lessons to swallow.

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JollyGood
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October 24, 2018, 10:58:27 AM
 #306

Too many people invest in crypto without taking care. They overspend and make losses, they then borrow or take loans to try to get back on level terms but cannot recover losses and it spirals more out of control.

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October 24, 2018, 11:12:15 AM
 #307

not all cryptocurrency players go bankrupt, those who experience bankruptcy are only people who do not know how to trade properly and properly so that they are easily affected by bad news and easy to panic and maybe those affected are new traders because they still do not know how good and right trading.

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October 24, 2018, 11:32:05 AM
 #308

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 .

Very sad that some people are investing funds without taking care and having contingency plans in place in case the investment fails.
I think we should 100 times before making our investment in cryptocurrency. There are many scammers in the market especially new ICO project scam people. When you invest in ICO which is not authentic and the project manager doesn’t have any credibility in the market, he will take all your money and leave your thoughts about crypto investment a bad experience.
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October 24, 2018, 03:42:59 PM
 #309

experienced crypto players of course have a strategy in terms of trading in any situation. so I think if there are crypto players who go bankrupt because of lack of experience so they don't have a strategy in dealing with the market situation.
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October 25, 2018, 04:49:23 AM
 #310

experienced crypto players of course have a strategy in terms of trading in any situation. so I think if there are crypto players who go bankrupt because of lack of experience so they don't have a strategy in dealing with the market situation.

Bankrupcy may come to anyone, no matter they are experienced or not experienced crypto players. Just like in other business where great experienced businessman may get bankrupt once he make a mistake on the business. Mistake may come as it is a nature of human, the most important thing is we should know how to deal with the mistake.
So yeah I agree that we should have a strategy, there should be plan 'B' 'C' etc.

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theminime
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October 25, 2018, 05:12:02 AM
 #311

experienced crypto players of course have a strategy in terms of trading in any situation. so I think if there are crypto players who go bankrupt because of lack of experience so they don't have a strategy in dealing with the market situation.

Bankrupcy may come to anyone, no matter they are experienced or not experienced crypto players. Just like in other business where great experienced businessman may get bankrupt once he make a mistake on the business. Mistake may come as it is a nature of human, the most important thing is we should know how to deal with the mistake.
So yeah I agree that we should have a strategy, there should be plan 'B' 'C' etc.
i agree. bankruptcy doesn't depend on experience.yes, happens mostly to the newbies but no specifically. crypto's are highly volatile.   
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October 25, 2018, 07:11:00 AM
 #312

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 .
Players? Are you referring to investors or exchanges? You can’t know when investors goes bankrupt cause you’re not in their pocket unless they tell you. So I guess you’re referring to exchanges. Some of the exchanges you see are scam and all they do is make away with people’s money once they have got as much as they need.

That’s why is good to do proper research about any exchange you want to invest in, if you don’t know how you can do that then you can go for old exchanges with good reputation already.

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.P O K E R

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fommes86
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October 25, 2018, 11:46:29 AM
 #313

Responding to topics and statements made by Op, is actually giving credence and relevance to whatever he is insinuating because people like that are better referred to as trolls who does not have any iota of the argument they are putting forward neither is it being supported with fact to drive home their point. Everyone knows that the golden rule in crypto is not to invest money which if unavailable, would put you in a difficult situation and the moment that is adhered to, then the issue of bankruptcy does not arise. Aside that, the rate of return for anyone since the beginning of 2017 has been positive year on year basis. So, there is no need to continue dignifying this with responses.

I’d like to second this. Even if a crypto player makes a horrible trade or has sold their coins at a loss, they shouldn’t go bankrupt unless they have placed all their life savings on the line - which is strongly not advisable. Perhaps a better phrasing for the heading/title should be “many cryptocurrency players have lost heir money” because the term bankrupt is misleading. It also gives a bad connotation.

Even putting at risk your savings does not bankrupt you, in the sense that you still have a source of income (I hope so). The problem is that people get so excited and they will take loans or max out their credit cards just for FOMO. And then the bubble bursts  Shocked

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October 25, 2018, 12:17:52 PM
 #314

Competent cryptocurrency traders only improve their financial condition. They know and understand a lot, so they almost always win. Perhaps you wanted to say that many novice traders have lost their money. I'll believe that more.
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October 25, 2018, 03:00:00 PM
 #315

Competent cryptocurrency traders only improve their financial condition. They know and understand a lot, so they almost always win. Perhaps you wanted to say that many novice traders have lost their money. I'll believe that more.
indeed, those who have traded for a long time will be able to analyze the market situation and continue to adjust to the market, although it can be said that the market is currently in an uncertain condition they will still profit through their trading experience.

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October 25, 2018, 04:05:13 PM
 #316

I have heard a lot about this, and it has terrible consequences. However, when you start investing, the risk of bankruptcy is already present. But do not be too worried, they are smart people, they will know how to overcome this problem.

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October 25, 2018, 05:34:19 PM
 #317

Why can it go bankrupt, is it lacking in understanding about crypto, it's a mistake, before we start what we do, first, we have to understand it well, then we play / work there, and also have to know really what we want to buy, the project is good no, the team is anyone, we also have to know that.
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October 25, 2018, 10:21:43 PM
 #318

It so sad what happen to some crypto players because of those big whales. In our current situation even in a legal way you get scam, like ICO. Imagine during ico you can buy that token in $1 but after ICO and get listed it just a matter of an hour the token dump its value from $1 to $0.002 and that is totally a scam that is why lot of investors too gone and bankrupt. Some of the investors now don't trust crypto because of it.

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tthecryptofreak
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October 26, 2018, 05:32:03 AM
 #319

Come across a lot of projects get ill treated before and after being listed on Coinbene. Project owners please beware when dealing with Coinbene. Here are some projects that are being maltreated.
•   Ark which is facing difficulty in listing after being paid and Coinbene giving many excuses from integration issues to language barrier.
•   Ducatus gave 1mil coin for promotional activity as agreed on contract and Coinbene only used 26,000 coins and kept the rest. Coinbene refused to return the unspent coin to the project owner when being requested.
•   EZ Token (EZT) suddenly was delisted without notice
Coinbene seems to be based in Singapore but I don’t think they even have an office there and only operated out in China.
There’s a lot of negative and scandalous news about their founder and CEO Zhang Yang Bing in Chinese crypto community and media sites.
Coinbene even froze user accounts and confiscated their deposits because leak the CEO’s failed sexual advancement screen captures on social media.
There are also many news regarding the CONI coin scandals
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October 26, 2018, 08:03:54 AM
 #320

Due to market fluctuation, many people lost their value in the market which nobody didn't expect this much downfall. Last year the prices went very high in the market which nobody didn't expect growth and this makes us lose more value in the market due to sudden drops.
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