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Author Topic: Many cryptocurrency players have gone bankrupt  (Read 2571 times)
Mhd-Bobbi
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July 14, 2018, 06:34:08 AM
 #21

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?
I think only some of their friends are bankrupt. So he said the Cryptocurrency player went bankrupt. But I do not think all Cryptocurrency players go bust. Maybe they stopped following it as market prices went up and down.

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FreeOxen
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July 14, 2018, 06:43:17 AM
 #22

Well for everyone who sold off at the all time highs, someone had to pay that money to get the cryptocurrency so there are likely a lot of people out there hurting... there are stories who pretty much lost everything putting too much money into cryptocurrency too. So there are people who probably are bankrupt too.
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July 14, 2018, 07:54:33 AM
 #23

I hope to understand one thing first.
This topic is not for the ico team
Maybe many projects have fallen more than 80%
The reasons that caused the player to leave the game
From a greedy leverage operation


ICO at this time is not the same as 2015-2017. Stop crying if you've been sleeping with the past. ICO became famous and featured high leverage loeij in the short term. But it is only one component in this ecosystem. If you want to make a profit, you need to be patient several times over.
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July 14, 2018, 09:59:06 AM
 #24

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 heard any news about the bankruptcy on those investors. Maybe those investors has no knowledge in this volatile market and let their money trapped on those shitcoins. If you had enough knowledge in this technology you can still profitable even at this market situation.

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July 14, 2018, 11:16:07 AM
 #25

Can you support this with hard evidence and statistics? While many may be showing a loss at the moment and a few may well be in financial difficulties as a result of buying crypto with borrowed fiat, the only evidence of financial difficulty is anecdotal.

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July 14, 2018, 12:08:42 PM
 #26

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 .
The truth is bitcoin has no underlying rate of return, You know bonds have an interest coupon, Stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.
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July 14, 2018, 01:25:53 PM
 #27

This is because there are many dumb money playing in the market. There are many newbies just throwing their money knowing that they will gain profit in a short amount of time and when there is a FUD in the internet, they will immediately sell all of their coins.

Lets think how the newbies who borrowed fiat money in December 2017 just to buy bitcoin at that time. They are in serious trouble right now because the bitcoin they bought has decreased by almost 70%. Maybe they are waiting for that time to happen again that Bitcoin will reach the $20k mark again by December or maybe earlier.

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July 14, 2018, 02:56:03 PM
 #28

If you are cryptocurrency player or you are a trader, in short, there are so many ways to get money without getting bankruptcy. Maybe the people you know are just the people who losses their gript in using bitcoin so that's why they are now bankrupt. You should have the smart skills while trading without getting greedy on it. It will lead you to success.



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July 14, 2018, 04:53:57 PM
 #29

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 really believe that this is just a speculation trying to destruct the image of cryptocurrency market because most of the people invested in crypto are gaining and earning big amount of profit.
glowing10
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July 14, 2018, 05:19:49 PM
 #30

Well for everyone who sold off at the all time highs, someone had to pay that money to get the cryptocurrency so there are likely a lot of people out there hurting... there are stories who pretty much lost everything putting too much money into cryptocurrency too. So there are people who probably are bankrupt too.

People who have sold at high would now be sitting rich with cash and also would have now bought at cheap rates before another shooter happens and btc crosses 10k and then 15k etc in this second half of the year.

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July 14, 2018, 10:21:35 PM
 #31

If you are cryptocurrency player or you are a trader, in short, there are so many ways to get money without getting bankruptcy. Maybe the people you know are just the people who losses their gript in using bitcoin so that's why they are now bankrupt. You should have the smart skills while trading without getting greedy on it. It will lead you to success.
Bankruptcy in financial investment is normal and cryptocurrency is also not so easy to get profitable and get rich quick as many people think. Without knowledge and investment spontaneously, without a clear plan, failure is inevitable.

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July 15, 2018, 09:47:57 AM
 #32

If you are cryptocurrency player or you are a trader, in short, there are so many ways to get money without getting bankruptcy. Maybe the people you know are just the people who losses their gript in using bitcoin so that's why they are now bankrupt. You should have the smart skills while trading without getting greedy on it. It will lead you to success.
Bankruptcy in financial investment is normal and cryptocurrency is also not so easy to get profitable and get rich quick as many people think. Without knowledge and investment spontaneously, without a clear plan, failure is inevitable.

loosing is indeed pretty normal because it is part of the game but loosing too often that leads to bankruptcy is not good anymore , youd better take a break and analyze your mistakes before you can decide to make a comeback again.

many crypto players have gone bankrupt based on the current status of the market but new players do constantly enter , therfor the market of cryptos can still possibly recover .

jojowar
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July 15, 2018, 12:39:54 PM
 #33

I think your statement only relay or speculates on what is happening on the market because the value of the cryptos are going down. You already concluded that many of the cyptocurrency players were bankcrupt. Maybe they got some losses but not bankcrupt. But in the near future they gain again.

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July 15, 2018, 02:51:26 PM
 #34

The fact that some traders went bankrupt in the crypto currency market, I do not see anything unusual. Taking a crypto currency is not just a profit. This is a risky business and the greatest risk is the daily trading on the stock exchange. People took a number of wrong decisions, which led to the loss of their money. It has always been, is and will be.

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July 15, 2018, 04:01:50 PM
 #35

This is really sad, but personally I prefer ICO investment model, you get x2-x5 if you're doing everything right and take part of your profit from the cycle. I found interesting project w8 for your opinion, check this link - https://medium.com/@kelvinchain/the-post-quantum-era-of-blockchain-todays-solutions-for-the-world-of-tomorrow-16bdd970f49a  Wink Smiley
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July 25, 2018, 03:29:25 AM
 #36

Many cryptocurrencies users have gone bankrupt because they did the small thing that we dont need to do when investing in bitcoin. The only time when you have gone bankrupt is when you invest money in it. Now, the tips on how you wont get bankrupt is that, dont invest all of your money because yeah let's say that it will double your money and sometimes it might be tripled. But there is also a chance that it will not return to you. So just invest your extra money. Not all of your money.

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July 25, 2018, 03:47:58 AM
 #37

OP,  you need to get your data and conclusion adequate and correct before you conclude. I believe when you are saying 'many cryptocurrency players',  I believe you are referring ymto those who just jump into cryptocurrency investment without monitoring or knowing what it entails. For those who took their time to study this market well, and been patient with it, their hard work is quietly paying off.
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July 25, 2018, 05:13:19 AM
 #38

Well for everyone who sold off at the all time highs, someone had to pay that money to get the cryptocurrency so there are likely a lot of people out there hurting... there are stories who pretty much lost everything putting too much money into cryptocurrency too. So there are people who probably are bankrupt too.

People who have sold at high would now be sitting rich with cash and also would have now bought at cheap rates before another shooter happens and btc crosses 10k and then 15k etc in this second half of the year.

I just think every investor who sells bitcoin in December 2017 has become rich now. But for those who have withheld bitcoin from December until now are those who will feel the enormous loss, and feel the greatest regret too. At least for people who sell bitcoin in December they will have huge savings to prepare to re-invest when at the lower price.

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July 25, 2018, 09:03:47 AM
 #39

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.

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July 25, 2018, 09:57:18 AM
 #40

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.
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