I think that you can not take the loss of a large part of their savings as bankruptcy, because if you have the money is still in the cryptocurrency, then you have every chance to compensate for their damage just waiting for the arrival of the bull market. The drawdown that occurred this evening, most reminiscent of the market throws off all the unstable investors.
Topic: bankruptcy and alt coins (Read 140 times)
I have not seen anyone declare bankruptcy in this bear market but alot of people have been hurt including some of this VCs and Fund manager, last year most of them were talking about their gains but not this year, ICONOMI platform had many Funds last year, I don't know how many of them is left. But if this bear continue for 6 months expect some ICO projects to be declaring bankruptcy because some of them have high burn rate and drop in market must be talking its toes on them
there are many newbies who lose lots of money every couple of months and are flushed out of the market. if you pay attention to topics of a couple of months ago you can see a lot of t hem who are desperate and talking about how prices are going to rise. they are no longer around since they got crushed under the dumps simply because they were bag holding altcoins.
among them losing somewhere around 80% to 95% of their investment is pretty common.
among them losing somewhere around 80% to 95% of their investment is pretty common.
have any body lost their minds trading altcoins. i havent heard much news about investors in alt coins. should have wiped out everybody. the alt coin storm was heavy rain, thunder, and hurricanes. sure some people had traded into usd or usdt but did people get wiped out? losing 5,000-10,000? the survivors are going to be riding horses but we're not even there yet.
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