Many cryptocurrency players have gone bankrupt

[ShortClixneoai]

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.

May be it is right that you have lost big money in crypto and now you want the impressions of the people. I want to say that it is very risky investment and investors should be ready for any conditions happened in the market. If you continue I am sure you will recover all your deficits and will make handsome profits in the long future. Don’t be panic and be optimistic.

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[akram143]

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.

May be it is right that you have lost big money in crypto and now you want the impressions of the people. I want to say that it is very risky investment and investors should be ready for any conditions happened in the market. If you continue I am sure you will recover all your deficits and will make handsome profits in the long future. Don’t be panic and be optimistic.

I think they are not ready to backup because each one have different kind of technique but the value will not be right possible for a good that this year but it completely changed as soon and many people will definitely remain like the previous year so we cannot say many of us are going to home.

[hahay]

it is true, many people are bankrupt because of crypto, in my opinion the main cause is greed, most bankruptcy is caused by a lack of knowledge and without analyzing so they make mistakes that make them bankrupt

greed and panic that cannot be stopped, indeed the market will not be forever good and there are times when the market will correct and the price will plunge. So stay optimistic and confident and cultivate high patience, it will at least prevent bankruptcy because after all waiting longer to get more profits from crypto will definitely come true someday.

[panjul07]

it is true, many people are bankrupt because of crypto, in my opinion the main cause is greed, most bankruptcy is caused by a lack of knowledge and without analyzing so they make mistakes that make them bankrupt

I do not think that greed is the main cause of those who get bankrupt, IMO it is more about failure of money management and about strategy.  Trading without good money management will always result in bad losing. Mistake in trading is a common thing, the most important thing is that trader should know how to deal with the mistake.

[Shinpako09]

How did you know? I believe most of them are just small players who happened to be greedy or always got panic. Always thinking in a negative way and has lack of knowledge. Still, I believe the number of people who became successful in crypto will outnumber those who got bankrupt.

[ocid]

it is true, many people are bankrupt because of crypto, in my opinion the main cause is greed, most bankruptcy is caused by a lack of knowledge and without analyzing so they make mistakes that make them bankrupt

I do not think that greed is the main cause of those who get bankrupt, IMO it is more about failure of money management and about strategy.  Trading without good money management will always result in bad losing. Mistake in trading is a common thing, the most important thing is that trader should know how to deal with the mistake.

those who experience bankruptcy, of course, these people have greed and do not trade with a mature strategy, they make purchases without looking at market price movements in detail and expect big profits but things that have been faced to date market prices have not increased more when making purchases and causing panic and selling them for fear that the decline in market prices will continue.

[jems]

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.

May be it is right that you have lost big money in crypto and now you want the impressions of the people. I want to say that it is very risky investment and investors should be ready for any conditions happened in the market. If you continue I am sure you will recover all your deficits and will make handsome profits in the long future. Don’t be panic and be optimistic.

really, they beginners just play with emotion and without research and thought, so when there are some people spreading bad news they will immediately be trapped. I think there is still a chance to get back up, start now and wait for the market to rise because I think this is a low point before the market starts to rise.

[btcmegastar]

Due to fluctuation at the beginning of the year makes many people lose their value in the market and this makes many people loose their hopes in the market whether the prices will recover or not. People who have strong confidence in the cryptocurrency are still holding the coin and they will wait for another bull run.

[LeaderAMB]

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 also did not hear too much stories about someone's fail on crypto investment. Much often I heard about someone's success.
Yes, people who invested in crypto currencies on high points can be in minus right now, but with some time of patiently waiting they may not just recover their investment, but get the profit they dreamed about.

Generally, crypto market includes many risks, thus some people  gets a great income, but some does not. Especially, we are more likely to get into loss than sucessful, the bad or good result definitely depend on many factors such as: knowledge, experience, skills, and the like. If you have a wealth of knowledge, you will have many advantages that can help you to analyze the fluctuation better. Experience as well as skills are built when you do practically, especially learning from your mistake is one of the best option in order that you can build a word of experience. Honestly, when it comes to crypto field, people went on a bankrupt is quite normal, also some becomes much richer immediately is normal.

[Folio1989]

I don't really support  of this because this is crypto market  at times its going to be profitable or lost but I believe no one mentioned this question last year,to me this just trial time.

[LuvCyanide]

I agree with the author that a lot of players went bankrupt this year, but I think that they are newcomers to the market rather than experienced players.

[Golftech]

I agree with the author that a lot of players went bankrupt this year, but I think that they are newcomers to the market rather than experienced players.

Experienced traders won't allow that to happen to them, they will hold or make a cut losses and continue surviving around the market, only those newbies and panic traders are suffering as they don't anticipated the change pace inside the market, it's needed to consider that  taking the big risk always have two possible outcome, so you need to stand with your position if you wants to succeed from this industry,.

[bitcoinisbest]

Getting bankrupt is really a hard thing one can experience especially in crypto investment. Supposedly, one can recover back from being bankrupt if he tries again but he needs to manage his crypto assets well.

People who do not understand and invest still just because btc has reached 18k last year is the biggest mistake they do it. Everyone need to know that  how volatile the market is and it is not everybody cup of tea to make money in volatility. And as a result many have lost huge amount and some have even become bankrupt.

[Oilacris]

Getting bankrupt is really a hard thing one can experience especially in crypto investment. Supposedly, one can recover back from being bankrupt if he tries again but he needs to manage his crypto assets well.

People who do not understand and invest still just because btc has reached 18k last year is the biggest mistake they do it. Everyone need to know that  how volatile the market is and it is not everybody cup of tea to make money in volatility. And as a result many have lost huge amount and some have even become bankrupt.

No surprise on where if there are so called millionaires on crypto then there would be always those people who had gone bankrupt or wreck up their investment.
Just a normal thing to think about and sad for those people who got on the hype when crypto market is bubbling up and now it popped leaving out those investors on
peak keep hanging.

[Lucusfoundation]

I deeply believe the following:

1) Investors need to get familiarized with the Technology in order to invest in strong projects. No professional investor, invests in industries that they know nothing about.

2) The industry needs more solid products that can attract investments and sustainable growth.

3) Trading is a tough market. Like it has been mentioned above, in order for someone to win, other person needs to loose.

[Ridwan Fauzi]

Getting bankrupt is really a hard thing one can experience especially in crypto investment. Supposedly, one can recover back from being bankrupt if he tries again but he needs to manage his crypto assets well.

People who do not understand and invest still just because btc has reached 18k last year is the biggest mistake they do it. Everyone need to know that  how volatile the market is and it is not everybody cup of tea to make money in volatility. And as a result many have lost huge amount and some have even become bankrupt.

That's true most of us (especially me) always think that the market will return at 18k or 20k last year so as I will get back the losses that have been experienced. However, with high price volatility we can get profit and know that it will be difficult to obtain. However this has become a risk for someone who has come and invested in cryptocurrency, something that makes it impossible to be possible is to keep hold then someone can change the bankruptcy.

[pedangrusak]

they join crypto because the motivation is big profits but don't fully understand crypto, they just follow the others and this will give you a big loss. study crypto further and also look at the market trends that form crypto, so you will find the best patterns and strategies to make a profit

[pocketfullofpoke]

Many cryptocurrency players/investors may have gone bankrupt maybe because they fail to manage their cryptocurrency assets properly. A very poor decision making can also be the culprit that costs them their portfolio which is supposed set in a long term plan. Any wrong decision at any moment can really ruin everything.

[johanesrobin]

this is a hard blow for traders and anyone involved in cryptocurrency business. there are a lot of people who give up and are stressed by this situation I think that is normal. The biggest loss will be felt by altcoin traders because yesterday's decline in bitcoin prices affected the altcoin price and it was very bad.

[Mr.trader]

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!