Many cryptocurrency players have gone bankrupt

[Marcelle7]

crypto is an investment with very large fluctuations and many other factors that can cause price dynamics. what happened today will be different from tomorrow, and this is not really understood by the new players, they panic and are not right in making decisions. there is a need for understanding, careful analysis and general market trends, if you are in doubt you should hold your coins don't drift away with the current market game which can cause loss

There are too many people who invest in cryptocurrency but do not have the knowledge and experience of this market, they only invest because they think they will make a huge profit. But nothing is easy in the financial market, if there is no good direction from the start then the investor can completely fail.

I admit that but it is also a fact that bitcoin has made thousands of investors millionaire. The early investors in bitcoin made millions of dollars from their investment. We should also keep that in mind. I just want to say that a particular thing is not good and bad for all the people. It is a business and some will make money and some will lose. It should not be taken serious.

[1715663280]

1715663280

[1715663280]

1715663280

[1715663280]

1715663280

[plescruslo]

Disagree with your statement. I am in cryptocurrency since long.
Never heard if any trader have gone bankrupt. You should  present some data if you you are are saying. Rest if its true, there must be only reason lack of appropriate knowledge or lack of cryptos understanding. These are the only reasons if someone faces loss in cryptos.

I don’t think he was referring to investors, I think he’s only referring to the exchanges that have gone bankrupt. There are many of them, that’s why it’s good to know what exchange you’re investing your money on so that you don’t end up losing it. Some of them are scam and after raising the amount of money they need, they close down and zoom off with investors money.

It is right because many investors have bought bitcoin on very high price. They invested their money in the last quarter of last year when the price was more than $15000, but unfortunately the price collapsed in the first quarter of this year and they lost thousands of dollars against each bitcoin. That was totally a blunder and due to big investors that manipulate the market.

[Fredomago]

Disagree with your statement. I am in cryptocurrency since long.
Never heard if any trader have gone bankrupt. You should  present some data if you you are are saying. Rest if its true, there must be only reason lack of appropriate knowledge or lack of cryptos understanding. These are the only reasons if someone faces loss in cryptos.

I don’t think he was referring to investors, I think he’s only referring to the exchanges that have gone bankrupt. There are many of them, that’s why it’s good to know what exchange you’re investing your money on so that you don’t end up losing it. Some of them are scam and after raising the amount of money they need, they close down and zoom off with investors money.

It is right because many investors have bought bitcoin on very high price. They invested their money in the last quarter of last year when the price was more than $15000, but unfortunately the price collapsed in the first quarter of this year and they lost thousands of dollars against each bitcoin. That was totally a blunder and due to big investors that manipulate the market.

In anyhow things happen, and there's really people or exchangers who loses their money while playing with this business, they didn't anticipated that the market will fall this huge after the big rise last year, and with this long bearish they decided to accept that they misinterpret the situations and move away from this market and find other way for a living.

[TIDOVEE]

I think the point of his observation is, many traders never planned this year long term dump, and there are many who trade for others as a major business, so, collect large amount with promises of high rate of repay, while the price value refuses to pump, it became a loss to them. They will have to rob peter to pay Paul to cover up.

[Rhosadah]

if I hear crypto players go bankrupt I think there is a truth for traders who are new to crypto at the beginning of 2018, why?
Maybe they invest their funds when the price of bitcoin is above 10,000 $ while now bitcoin still lasts 6000 $
I think it's not bankrupt but has decreased the circulation of prices.
however for old users crypto generally this is only a matter of time and they know when they are selling and holding for the long term.

[Fideend]

in my opinion, not all crypto players experience bankruptcy, a lot of these traders benefit, maybe what you see is only a few and maybe you also include people who have gone bankrupt because when you do an analysis like this you have to have clear data so that the people in the forum this can find out who is bankrupt because of cryptocurrency.

You are right many investors also made thousands of dollars because they were the early investors. They bought bitcoin when the price was just few dollars but it is also a fact that they waited for long time. Gradually the price increased and their investment also increased. The later investors become bankrupt because they lost their money due to huge dip in the price.

[srcnckr]

Investing without knowledge and understanding of financial and market cryptocurrency is failing to be understandable. I've become accustomed to a lot of people who invest in this market because they find that others are profitable without any knowledge of cryptocurrency. Be serious with your investment and invest only when you really understand the market.

[Maricel2017]

Investing without knowledge and understanding of financial and market cryptocurrency is failing to be understandable. I've become accustomed to a lot of people who invest in this market because they find that others are profitable without any knowledge of cryptocurrency. Be serious with your investment and invest only when you really understand the market.

Agree with you, that is why before you enter in one thing we should need to study first how it will works  but there are some or many people who are very greedy to earn money without knowing the risk they have, crypto currency is not promising source of income but you can earn by putting some effort in some earning method avoid greediness to avoid loses.

[hahay]

Investing without knowledge and understanding of financial and market cryptocurrency is failing to be understandable. I've become accustomed to a lot of people who invest in this market because they find that others are profitable without any knowledge of cryptocurrency. Be serious with your investment and invest only when you really understand the market.

Agree with you, that is why before you enter in one thing we should need to study first how it will works  but there are some or many people who are very greedy to earn money without knowing the risk they have, crypto currency is not promising source of income but you can earn by putting some effort in some earning method avoid greediness to avoid loses.

Anyway, knowledge and basic understanding are really needed in any case, investing in Crypto is indeed more risky especially if you easily trust someone you don't know, because it also happened to me when I first knew Crypto and then I lost the money. So to avoid going bankrupt in your investment, then I think you have enough good knowledge and high confidence, so that you don't easily follow where the wind blows and are always sure of the decision you choose.

[dentolas]

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

[JollyGood]

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.

[piterpie]

The cryptocurrency market is a potential risky market, but it also offers a lot of opportunities to grow. Therefore, not all investors are bankrupt, many investors have become wealthy and high income. To minimize risk, you should focus on market research, technology knowledge and related news.Good luck

[pragna]

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 .

Actually those who has gone to bankrupt, they may have limited knowledge about cryptocurrency. Many of us come on crypto market without any knowledge of this market. As a result they invest their money in wrong tokens and results they are in bankrupt. So i suggest to future investors please go in right line and gather knowledge and make invest and also be a gainer.

[Oilacris]

Thats why I chose a BOT to trade for me.

It gives me 4-9% month. This is a true BOT. Not that ones that makes 40% month, thats impossible and not trustble.

4-9% month is good for me.

People are going bankrupt because of the market thats droping!!

Got to hold a little!!

Good for you but dont trust too much on Auto trades or having a Bot. 9% max profit on a month isnt really bad at all as long you can make money on your own
ways then stick to it but dont be surprised if profits would turn into loss suddenly. Bankrupcy is never a new thing when it comes to investment world
yet this place do really have only sellers or buyers which its normal to think if someone do gains then theres someone losing.

[mongkie]

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 .

you will never get bankrupt if you know how to ride the waves. even in bear market, you can gain profit but you must learn how to trade during times like this. it is a skill to develop.

[brightMan]

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.

[jrrsparkles]

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.

[onrise]

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.

[iamlds08]

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.

[btc_angela]

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.