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Author Topic: Many cryptocurrency players have gone bankrupt  (Read 2655 times)
boty
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August 25, 2018, 08:15:54 AM
 #181

it seems that what you say is not true because there are so many traders who can benefit because they already understand the right way to trade and the right way to trade, so what you say is wrong because there are still many people who benefit from cryptocurrency.

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August 25, 2018, 10:15:09 AM
 #182

The financial investment market is always like this, some people are profitable, some people are bankrupt, no matter if you are engaged in stocks, futures are the same!
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August 25, 2018, 12:15:51 PM
 #183

Because most of those crypto investors doesn't know where to invest there money and many of those investors are mostly newbies that's why they get scam by shitcoins and ICO expecting for immediate gains only to find out that their money will go to waste in those unknown altcoins with no ceo, no good team of dev, no roadmap and not marketable.

Agree with this one, many people who just enter the crypto world without basic skills about investing on project dont know how to pick ICOs. When they saw good return in a project they immediately put their money in that project without doing some research, they only lost their money at the end. That's why when you have a friend that just join the crypto world you should guide them to start until he can take care of him self.

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August 25, 2018, 07:01:25 PM
 #184

This is the usual stuff we now find everywhere. Most of these panic sellers just have the same manner of communication. You simply throw around some random statements that are not backed by any figures. And hope that someone is scared enough to be affected by them. If I could find a detailed report or statistics attached to your post, then I might even start believing you a bit. For now, I beg to differ. Prices might have dropped but they aren't as bad as you claim that they are. Holding on has actually been paying off for me personally. And I still intend to even buy more.
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August 26, 2018, 02:47:21 AM
 #185

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 is the right buddy, that is the risk that exists in cryptoinvestment, sometimes the price will be very volatile and make the price drop very sharply, and if you are not ready for that then never invest in crypto. because if you don't know how to take advantage of these fluctuations, then that will be very risky to you..

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August 26, 2018, 04:07:08 AM
 #186

I don't think all of them are going bankrupt, those who go bankrupt are just those who can't know the good way and the right way to trade, and I'm sure those who go bankrupt are just the people who can't control their patience.


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DOLONCHAPA
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August 26, 2018, 01:30:47 PM
 #187

It is actually not like that. If I say , Many cryptocurrency 'traders' are making fortunes. A huge investors make millions of dollars profit. In crypto trading one person's loss is another gain. Strive to become a good player to avoid loosing out, is it wrong anyhow? No . There must need to have a clear concepts about trading, only then you come to trading.

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August 26, 2018, 04:51:44 PM
 #188

maybe what you say is not true because I see there are a lot of traders who now they can get very much profit because they can take advantage of cryptocurrency price movements that can provide benefits to them.
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August 26, 2018, 06:50:40 PM
 #189

There was a perception last year about cryptocurrency that it's an easy way to gain profit and not only profit but huge gains and at a certain point it seemed true. People earned a lot of money in a short time of four to six months. But thing are not always the same, it has the potential to make you rich but you have to keep in mind that it can also dug you into ground.

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August 27, 2018, 02:22:04 PM
 #190

Eh, that's not very pleasant news. Many went bankrupt, but some, on the contrary, increased their monetary assets.

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August 27, 2018, 02:46:41 PM
 #191

Back to the investment of electronic money in general, Bitcoin in particular, similar to stock but with the level of fast and continuous fluctuations Bitcoin investors can win very large in a short time, the reverse can also lose money very quickly in the same time. But Bitcoin never goes bankrupt because Bitcoin is always worth it.

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August 27, 2018, 02:52:59 PM
 #192

Probably because that only happens when you are a bad investor and do not have any strategy to match your assets, what you need is calm and waiting for a chance. Do not worry too much.
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August 28, 2018, 04:07:21 AM
 #193

Luck is not allowed here in crypto currencies, so if you don't want to lose, don't be a player but be a crypto itself literally. Find the alternative way or always make a plan B, C and D. Learn from mistakes and find a useful experience to those who win this game. Grow up time to time and never make excuses when you made a mistakes and move on of course.
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August 28, 2018, 12:08:12 PM
 #194

I don't think that everyone who goes bankrupt from cryptocurrency, who has gone bankrupt is just the people who can't control the patience they have because to be able to benefit from trading you must be able to control the patience they have because that is the most important.


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August 30, 2018, 12:21:48 PM
 #195

I don't think that everyone who goes bankrupt from cryptocurrency, who has gone bankrupt is just the people who can't control the patience they have because to be able to benefit from trading you must be able to control the patience they have because that is the most important.
Knowledge is all that is needed in this space and luck can only be applicable to how far what you are holding ends up going in a short possible amount of time.

For instance, some coins or tokens can end up giving as much as x10 or even more, while some can end up giving way less than you would have thought, but it is just part of the game of not knowing what the future holds for any coin. The main reason why so many have gone bankrupt is just misinformation and the wrong mindset they have placed themselves in before investing into the market.
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August 30, 2018, 01:38:35 PM
 #196

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 .
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August 30, 2018, 07:14:41 PM
 #197

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 .

What are your facts?, Bring them on, includng your data sources and let s vet them properly. You cannot just use the word "Many" to generalize an issue in a negative statement hoping crypto players on her will accept dogmatically.

People tend to judge general happenings with what happens in their immediate environment. I think this is one of such case.
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August 31, 2018, 02:11:27 AM
 #198

it seems that what you say is not true because there are so many traders who can benefit because they already understand the right way to trade and the right way to trade, so what you say is wrong because there are still many people who benefit from cryptocurrency.
Do you think everyone in this investment has the skills, patience and knowledge? not all users have that dude, many people only rely
on recklessness and capital then invest and they are very likely to lose even bankrupt in that investment...

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August 31, 2018, 11:36:16 AM
 #199

in my opinion, not all cryptocurrency players are bankrupt.
why can you say that, because everyone's principles are not the same, some of them have long-term thoughts for the future, maybe for a cryptocurrency player to go bankrupt, only a mistake in managing the steps going forward.
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August 31, 2018, 12:09:39 PM
 #200

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.
Anyone can bankrupt if you don't know cryptocurrency in depth, look at how fluctuations make prices fall by more than 60% this year and if you're not prepared for anything, don't have any skills and knowledge, of course you will be confused what you have to do, of course you will bankrupt in that phase dude

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