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Author Topic: Many cryptocurrency players have gone bankrupt  (Read 2674 times)
Lynks
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August 19, 2018, 01:17:36 AM
 #161

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

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isaac_clarke22
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August 19, 2018, 03:25:04 AM
 #162

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.
Well even professional investors might also consider losing a lot. The FOMO habit that they apply upon themselves becomes an indicator that they're simply brought by emotions that easily. I had never heard that much investors that had panicked but I wonder how would these professional and whales manipulate the market when they do panic.

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August 19, 2018, 05:12:45 AM
 #163

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.

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Giiootona
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August 19, 2018, 07:02:37 AM
 #164

a lot, right too. But not all of them go bankrupt. It depends on how we do it. many cryptocurrency players get rich too
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August 19, 2018, 07:51:18 AM
 #165


This is due to the fact that many simply do not have enough experience. I myself made such mistakes. Now I'm very careful)
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August 19, 2018, 08:31:43 AM
 #166

In my circle of acquaintances there are people who sold their assets at market prices and no longer trade on stock exchanges, but continue to do their regular work. 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.

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August 20, 2018, 09:57:59 AM
 #167

You must try and become a fantastic player rather than losing out.
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August 22, 2018, 03:05:20 PM
 #168

bankruptcy starts when we make a wrong decision, especially in crypto trading. plus crypto players are now increasing compared to two years ago and they have learned a lot about crypto itself. when we try and continue to learn in crypto we will become winners

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August 23, 2018, 06:59:28 AM
 #169

yes you are right now there are so many cryptocurrency players who lose their assets and go bankrupt because they are trapped at a very expensive price that makes them fall into poverty. it is a consequence of traders who cannot trade properly and correctly.

iMark
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August 23, 2018, 08:58:03 AM
 #170

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.
If they buy at the end of the year and sell everything today. of course they will bankrupt, but if they want to hold back, they will not lose anything. yeah you right, this condition is only temporary rising prices will definitely occur, don't worry. be patient because that will avoid you from bankruptcy

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August 23, 2018, 09:10:10 AM
 #171

I don't know any big player that went banrkupt lol
Yes I also do not have any idea about it, but in fact it depending on you that where you have invested your money and how much you invested. I think that it is important that we must have a good strategy planning about our investment and the most important is that we should set a limit for our investment which will really prevent us from becoming bankrupt.

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August 23, 2018, 10:36:44 AM
 #172

The cryptocurrency market is like a circular pool. Even if a lot of people have left, there will be some greedy traders to join it!
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August 23, 2018, 11:25:43 AM
 #173

yes you are right at this time there are so many traders who go bankrupt because they already bought bitcoin when the price was $ 20k and not only that when in December 2017 there were lots of cryptocurrency that made price increases which eventually dropped and took many victims.

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August 23, 2018, 01:23:04 PM
 #174

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 .

Nah, they are not bankrupt, as long as you dont sell your tokens you will never end bankrupt unless the tokens you are holding gone zero in value.
They must be not spending much today, because they cant sell any of their belongings.
a wise man will hold it and never get out at this stage.

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August 23, 2018, 02:36:53 PM
 #175

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.

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August 23, 2018, 08:26:47 PM
 #176

Many financial players have gone bankrupt. Investing and trading are unpredictable fields. There is a high risk in cryptocurrency, owing to its volatility.

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August 24, 2018, 10:18:40 AM
 #177

I don't know your source of this information and am struggling to understand the point you are making. The market is bearish and that does not mean it will remain like that for ever. If you  know individuals or companies that have gone bankrupt, do well to tell us who they are and how crypto made them go bankrupt.
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August 24, 2018, 10:29:38 AM
 #178

it seems that those who are bankrupt are only people who are very easily affected by bad news and people who are very impatient and very difficult to control the patience they have.

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August 24, 2018, 03:20:20 PM
 #179

There is a gain and a loss everywhere and that is how it works.
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August 24, 2018, 09:05:54 PM
 #180

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.
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