Many cryptocurrency players have gone bankrupt

[peter0425]

I think it is a consequence of a bussiness choice. With the prices fallen and unstable, mass withdrawals are very normal and "humane". But it's good to decrease the hysteric euphoria. So the ones stay in this bussiness then are the ones who really know how to do the bussiness.

Might be the consequences but there's nothing to blame in this game. It's how we play here, and sometimes you win or lose. But it doesn't mean that you will totally get out of this market though, you can still recover but this time you have the experienced to help you out and I'm sure that you learn from your past mistakes. Make you even tougher mentality and it will help you a lot making the correct decision.

[1714113335]

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[1714113335]

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[wxa7115]

The major percentage of them must be the excited newbies the felt so high because of the FOMO in December. I don't really consider them as cryptocurrency players because they just follow what everyone does when it happened and they don't really have a concrete idea on how they will manage it. True cryptocurrency players are still here and just waiting for another all time high to happen.

In a way I am sorry for all of those newbies that got in the market thinking they will become millionaires and now they are facing the reality of losing all their money and in some cases even more than that since they asked their friends or banks for money and they have basically ruined their lives by doing so, but this needs to be a lesson for all of us if you do not have a plan about how to make profits in this market then you are going to lose all you have.

So before we begin to invest or trade we need to have a clear strategy that we made sure will give us profits if that is not the case then it is better to not invest in the market or the chances of losing our money will be almost 100%.

[Faxmate]

The major percentage of them must be the excited newbies the felt so high because of the FOMO in December. I don't really consider them as cryptocurrency players because they just follow what everyone does when it happened and they don't really have a concrete idea on how they will manage it. True cryptocurrency players are still here and just waiting for another all time high to happen.

In a way I am sorry for all of those newbies that got in the market thinking they will become millionaires and now they are facing the reality of losing all their money and in some cases even more than that since they asked their friends or banks for money and they have basically ruined their lives by doing so, but this needs to be a lesson for all of us if you do not have a plan about how to make profits in this market then you are going to lose all you have.

So before we begin to invest or trade we need to have a clear strategy that we made sure will give us profits if that is not the case then it is better to not invest in the market or the chances of losing our money will be almost 100%.

Investment is very important in this case because in low price this strategy will work in your coming future and if you wanna save it for long term so you should do it will more profitable for your future and you should convince your friend and other people for investment because you should never lose this chance otherwise your profit will gone, so if you wanna earn more money from bitcoin so search in this currency because it has many best opportunity.   

[Atomic.2017]

It depends. Some of them might not be professional investors like me so it will help to go through a marketplace that is trusted and has experts that can help you out. I'm thinking of doing the same thing and I might try https://pantheonx.io/?utm_source=cc-em1. Let me know what you think.

[imstillthebest]

the thread creation is a bit long . i see its 2018 but now we are already on the year 2019 which the prices of cryptos has got alot of decline therfor the crypto players have lost again and maybe some of them had already gone bankrup  but its not official if they didnt sold their assets . we know that the price can still recover so its their choice if they will cut loss or stay in the game and wait a little more longer  .

[REYVAN]

and many crypto players are getting richer too, the formula is that if someone goes bankrupt, then there are those who are getting richer, when there are losers, then there is something to gain. and I'm also a bankrupt..

[wxa7115]

and many crypto players are getting richer too, the formula is that if someone goes bankrupt, then there are those who are getting richer, when there are losers, then there is something to gain. and I'm also a bankrupt..

It is true that if someone is losing money then someone else is earning money but the number of those that are earning money is way lower than the number of people going bankrupt, so you need to be very careful when you are trading, you are competing against experts that have taken away the money of hundreds of people and they are trying to do the same with you and if you are not careful you are going to become a victim as well.

So it is better to only become a trader once you know and can implement the same strategies as those that are making profits out of this market, if you do not then like many that tried to trade without any skill in the subject you will lose everything.

[bittraffic]

and many crypto players are getting richer too, the formula is that if someone goes bankrupt, then there are those who are getting richer, when there are losers, then there is something to gain. and I'm also a bankrupt..

It is true that if someone is losing money then someone else is earning money but the number of those that are earning money is way lower than the number of people going bankrupt, so you need to be very careful when you are trading, you are competing against experts that have taken away the money of hundreds of people and they are trying to do the same with you and if you are not careful you are going to become a victim as well.

So it is better to only become a trader once you know and can implement the same strategies as those that are making profits out of this market, if you do not then like many that tried to trade without any skill in the subject you will lose everything.

Inexperience beginners has to lose money before they learn how the trading works, that's how it goes even in the other markets. Trading conservatively will help gain experience, I don't trade much like I have make it mu business every day which is why I also have not been that good. But seeing how much inexperience myself, I'd rather trade cautiously with the coins I can afford to lose.

[dzhan]

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 am not sure if many cryptocurrency "players" have gone bankrupt as you stated above, but I am sure that the actual market situation has affected badly all the crypto traders and holders. You haven't many choices actually, but holding with the hope that the market will recover again.

[deppil]

I believe not all players have gone bankrupt especially for people who can save the money and take profit in the right time. These people will not get lost because they know when they need to leave the market and enjoy the profit. But for the rest, they are bankrupt, and it's very sad because they are difficult to rise again and for the people who sold their coins too early, they cannot buy in a large amount because their money will reduce too.

One reason why traders and investors lose is that they holding too long, don't know when to sell so prices fall
and they let the opportunity gone. Not all traders are that stupid, many great traders know when to go out and sell

[ant200709]

Topic authors: you can play :-))), but you can earn. :-))

[mamesso]

this is a painful fact especially for miners and traders.
at least traders still have hope to survive.
all crypto players know this risk and maybe he will return after the market trend improves.

[boled]

Starting from August 2018 and today is really feeling a hard, feeling will lose a lot from holding Bitcoin, Ethereum, Stellar, Ripple. Slightly amused because there are advantages to doge and ripple, but still not able to cover up feeling disappointed with the market conditions. Total capital of $ 30000 to buy BTC at the price of 6400 USDT, then I split to buy:
ETH / BTC 20% at the price of 0.0407 (hold)
STR / BTC 15% at the price of 0.000036 (hold)
XRP / BTC 10% at the price of 0.00004846 (half still hold)
Doge / BTC 30% at price 0.00000036 (soldout at price 0.00000090, (buy back the same amount at the beginning)
Hold BTC 25%. from the price of 6400 USDT

[REYVAN]

I believe not all players have gone bankrupt especially for people who can save the money and take profit in the right time. These people will not get lost because they know when they need to leave the market and enjoy the profit. But for the rest, they are bankrupt, and it's very sad because they are difficult to rise again and for the people who sold their coins too early, they cannot buy in a large amount because their money will reduce too.

this is difficult to find mbah, looking for the right moment to sell, buy and profit, then save or spend. It seems that the lucky factor plays a big role, I don't believe in candles anymore, news, even volume, these conditions have often deceived me lately.

[Caladonian]

I believe not all players have gone bankrupt especially for people who can save the money and take profit in the right time. These people will not get lost because they know when they need to leave the market and enjoy the profit. But for the rest, they are bankrupt, and it's very sad because they are difficult to rise again and for the people who sold their coins too early, they cannot buy in a large amount because their money will reduce too.

this is difficult to find mbah, looking for the right moment to sell, buy and profit, then save or spend. It seems that the lucky factor plays a big role, I don't believe in candles anymore, news, even volume, these conditions have often deceived me lately.

Difficult but possible, a perfect example are the whales inside the market, they keeps on playing well and keeps gaining while most of the investors are really striving and trying to survive, you are correct regarding to factors that should affects the market, with this situations we can't rely from anything but to hope that another bounce will happen.

We are still in the bearish market and we need to calm down to avoid being bankrupt and suffer the same fate with those who already went out.

[REYVAN]

I believe not all players have gone bankrupt especially for people who can save the money and take profit in the right time. These people will not get lost because they know when they need to leave the market and enjoy the profit. But for the rest, they are bankrupt, and it's very sad because they are difficult to rise again and for the people who sold their coins too early, they cannot buy in a large amount because their money will reduce too.

this is difficult to find mbah, looking for the right moment to sell, buy and profit, then save or spend. It seems that the lucky factor plays a big role, I don't believe in candles anymore, news, even volume, these conditions have often deceived me lately.

Difficult but possible, a perfect example are the whales inside the market, they keeps on playing well and keeps gaining while most of the investors are really striving and trying to survive, you are correct regarding to factors that should affects the market, with this situations we can't rely from anything but to hope that another bounce will happen.

We are still in the bearish market and we need to calm down to avoid being bankrupt and suffer the same fate with those who already went out.

I am really desperate about the current market conditions, honestly I still have hope, that's why I still keep a portion of my crypto balance. I am aware that everything in this world is very likely to happen, as your sentence "Difficult but possible", even for something that is considered to be impossible can be possible. But hope is not enough to cover up feeling disappointed. I choose to close the market temporarily and stop trading, this means I become a small hodler, and I don't know how long. I don't dare to trade with unstable emotional conditions. I feel mocked by big players.

[omonuyak]

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 .

It is truth because I know many reputable investors that has remained quite for sometime now.  I also believe that they are going to came back into the market.  If bitcoin will recover may of them that buy bitcoin at a very high price will be able to recover they investments.

[Jating]

Those players who got bankrupt as people who have invested on it when the price is at the peaked in December 2017. But for those early adopters, I think they're still on the net positive sides and I doubt that they become went out as well. Majority are still in the market and playing and shorting bitcoin to still earn even if we're in the bear market.

So I wouldn't say there are many, and for those who lost this is a big and expensive lessons. And I'm sure that they will not repeat the same mistakes again.

[bitcoinisbest]

Those players who got bankrupt as people who have invested on it when the price is at the peaked in December 2017. But for those early adopters, I think they're still on the net positive sides and I doubt that they become went out as well. Majority are still in the market and playing and shorting bitcoin to still earn even if we're in the bear market.

So I wouldn't say there are many, and for those who lost this is a big and expensive lessons. And I'm sure that they will not repeat the same mistakes again.

People who had being buying on dips would end up making money irrespective if markets have fallen in long run. But for those who had being buying on high might not make much money or may end up in a loss if they had to sell immediate due to some urgent requirement. SO it is always recommended to keep buying whenever the market is on lower side so that you do not end up losing lot of money in crypto market.
 

[EyeOfHorus]

That's easy to lose. Most new people got themselves involved in crypto currency trading not even knowing what to do and how to act in this situation and make many mistakes especially when trading crypto currency onto crypto currency in some cases it is good if you know what you do but for the beginners it is better to play with crypto to fiat scheme. There are exchanges that allow to that like Kraken or Bitstamp or even safer for the beginner is decentralized p2p exchanges like DexAge or IDEX.