Many cryptocurrency players have gone bankrupt - page 11.

Fredomago

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Quote from: plescruslo on October 17, 2018, 08:31:48 AM

Quote from: Sengoko on October 15, 2018, 04:09:29 AM

Quote from: djsugar on October 12, 2018, 02:19:28 AM

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.

plescruslo

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Quote from: Sengoko on October 15, 2018, 04:09:29 AM

Quote from: djsugar on October 12, 2018, 02:19:28 AM

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.

Marcelle7

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Quote from: portalufonet on October 09, 2018, 06:21:55 PM

Quote from: hermankoles on October 05, 2018, 06:12:08 AM

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.

$anounimus$

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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.

Sengoko

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Quote from: djsugar on October 12, 2018, 02:19:28 AM

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.

coinfinger

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Quote from: crossbit on July 12, 2018, 09:42:02 AM

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 .

Yes there are lots of exchangers that have gone bankrupt. This is what happens when a company doesn’t plan itself before starting business. This is also one of the reasons why you really need to check everything about the exchanger you’re investing, in case anything is going to happen so you can be able to avoid them. There are about a hundred crypto exchange and more keeps popping up everyday.

TheReverend

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I guess those who are bankrupt are those who start without knowledge about crypto or can be called amateur, they may enter when the market price is rising.
they should do the opposite, but not only new players, old players also experience the same thing, I think this is indeed a bad year for Crypto, but the word bankrupt is not very suitable, those who lose money and still hold their coins still have their money only the amount of value is reduced.

xleps81

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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!!

djsugar

sr. member

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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.

portalufonet

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Quote from: hermankoles on October 05, 2018, 06:12:08 AM

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.

himtater87

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Quote from: crossbit on July 12, 2018, 09:42:02 AM

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 .

Some. Of them didn’t just go bankrupt, they ate absolute scammers and just made away with people’s money. Some of them did, and the good ones will always look for ways to pay up their debts. Others just disappear into thin air and you will not see them again. That’s why I hate all these new exchangers, it’s better I do business with the big, old and trusted exchangers than go for these little ones that will end up the same way at last.

geberger

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Quote from: Affilate User on October 04, 2018, 03:59:36 AM

I think you should be able to show some people who have gone bankrupt from cryptocurrency and you have to show the results of your research, don't let you just speculate like this because it's the same as bullshit without proof of your research results by taking a sample of a genuine person because you say "many" so there must be authentic evidence.

I would always suggest that the people invest in cryptocurrency should have good knowledge without the knowledge you will just lose your money in trading.

jjohnathn

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Quote from: Affilate User on October 04, 2018, 03:59:36 AM

I think you should be able to show some people who have gone bankrupt from cryptocurrency and you have to show the results of your research, don't let you just speculate like this because it's the same as bullshit without proof of your research results by taking a sample of a genuine person because you say "many" so there must be authentic evidence.

You can see daily volume at big exchanges like Binance and bittrex and you will know all these people who are investing millions of dollars daily are getting high profits too.

gunungkembar

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maybe what you say is not much, but maybe some people who trade on cryptocurrency are bankrupt but not all and not many, I'm sure it's only a few traders.

hermankoles

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https://customcontract.network

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

BlackSociety

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I believe that only greedy investors will be prone to bankruptcy. Although the cryptocurrency market has serious manipulation, there are still many opportunities to make money!

tegacoll86

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Quote from: Affilate User on October 04, 2018, 03:59:36 AM

I think you should be able to show some people who have gone bankrupt from cryptocurrency and you have to show the results of your research, don't let you just speculate like this because it's the same as bullshit without proof of your research results by taking a sample of a genuine person because you say "many" so there must be authentic evidence.

Earning money from the cryptocurrency is not easy those were got bankrupt through it come in this field without any prior knowledge and hoping to get and put money with experience.

geberger

newbie

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Quote from: Affilate User on October 04, 2018, 03:59:36 AM

I think you should be able to show some people who have gone bankrupt from cryptocurrency and you have to show the results of your research, don't let you just speculate like this because it's the same as bullshit without proof of your research results by taking a sample of a genuine person because you say "many" so there must be authentic evidence.

Also if you are doing leverage trading at Bitmex, we do not need a bull market at all. We can get high profits by shortening the bitcoins and gain nice profits.

centimentalking

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Quote from: Affilate User on October 04, 2018, 03:59:36 AM

I think you should be able to show some people who have gone bankrupt from cryptocurrency and you have to show the results of your research, don't let you just speculate like this because it's the same as bullshit without proof of your research results by taking a sample of a genuine person because you say "many" so there must be authentic evidence.

Yes, this is just a FUD. Even though crypto market is in bearish trend, yet still many people are still making good profit out of it.

piepie.asean

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Activity: 70

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Quote from: crossbit on July 12, 2018, 09:42:02 AM

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've seen some wealthy people become poor in one day for e-money, and I also see a rich man getting rich through electronic money, in fact we need something with just enough interest, and when investing

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