Topic: Many cryptocurrency players have gone bankrupt - page 22. (Read 22073 times)

That's one of our very own mistake for expecting such huge on those days. But I don't think majority and calling "players" have gone bankrupt. There might be some people who have bankrupt for buying FOMO and bought during when the price of bitcoin hits $20,000 and bought with their life savings. But not all did the same mistake.

It's a fact, AFAIK there's someone who's asking to loan just to buy crypto so its unfortunate for him.

those who experience bangrut are those who do not love cryptocurrency.
Do not you think just want to profit without thinking about usability and progress during coin created.
If you want to invest do not you are too concerned with huge profits, if you are too ambitious then you will go bankrupt

You mustn't panic and you must control your emotions. There are cases when people went bankrupt because they are not careful., they don't know how the market works or they are investing money and houses that aren't theirs. You can't invest money you need.

Many of the people said that even those people who didn't bankrupt say that it is their strategy to survive some of them saying that because they have big money. Some of it are truth but they always comeback in the using of cryptocurrency. They are not quitting they are just resting

The people going bankrupt in this game is the people who are investing money from debt/loans/credit cards into Crypto currencies. You cannot fund Crypto currency investments with debt, because it is a long-term investment and you have to repay that debt monthly. So if you not making a profit every month, you then have to pay that debt out of your own pocket. 

These guys cannot hold onto their investment for a long time and they start losing money, so they sell prematurely and mostly at a lower price than what they bought it at. That is where people are making their mistakes. 

May be its because of previous huge drop of bitcoin where most of the investors are focusing their investment capital in bitcoin alone because they are hoping for a bitcoin to reached $50000 but sad to say that it accidentally drops to $7000 from a previous price high of almost $20000.

Another FUD that I've heard today though this has been posted days ago.

Many crypto players have gone bankrupt? that's nut then show us those people who have gone bankrupt by investing to cryptocurrencies. The story looks one sided and you're looking at the side that's not really existing. Many crypto investors became rich and that's the real story.

You’re saying this without telling us who exactly went bankrupt while trading on cryptocurrencies, was it you or someone you know? I do know that when people are winning in this that there will also be people losing, it happens everywhere even in forex trading and any other kind of investment that is similar to this.

But anyone that allows himself to go bankrupt just like really have a serious problem. If you want to make investment invest with any money that you can afford to lose in case that does happens.

The movement of the crypto market is always faster than any currency. Of course, the moment to seize the opportunity to buy when appropriate is not much. When hesitation takes over your mind. It has passed. I suffered a loss in trading but I did not give up and I never gave up on it.

The crypto insolvency? They only really go bankrupt when they participate in MLM or ponzi models. This environment is dangerous. You can lose money at any time, I acknowledge that. But bankruptcy is only possible when involved in coinlending or ponzi.

We all know that there are too many people investing in this market, definitely we can see many people get success, it's pretty normal. Alongaside many people get failed, face with bankrupt and be in deep debt. Often, as my observation, almost many people went bankrupt mostly because of lacking knowledge and don’t have preparation before joining the market. Besides some people are greedy, they don’t have a deep analyst but use all money for it, then afterwards they failed.

Many forex traders have gone bankrupt. Many businesses has failed, I don't get think that under rides the potential in those ventures.
The risks of losing out is high in crypto, so also are the possibilities of making good returns.

bankcrupt? every lose will be determined with our hands.
if you have no guts to hold it then you will sell it.
remember you are not actually losing anything if you are holding it.
just be patience.

Logically this year was the best period to get profit, nothing to talk abojt bankrupt. Bitcoin reached 20K USD in winter, I highly believe some traders spent most of their bitcoins this time. Anyonr had to be crazy to buy bitcoins on 20K for holding and hope of future rise or big profit at that time. Then as we see price felt and felt, so currently is a goos time to buy some bitcoins and as I talked previously, this year was great for profit.

I think it depends on each new investor.
Everyone knows that the golden rule in electronic money is not to invest money if not, which will put you in a difficult situation and the time is respected, the problem of bankruptcy does not arise.
When the tips on how you will not go bankrupt, do not invest all your money because let's say it will multiply your money.
Then greed appears and what to do is sober before every decision you make will never go bankrupt.

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People rush to earn big and to multiply their money so when they see a project with good offer, they tend to grab it with all the money they have in order to have it back in five fold and more but they were scammed, this is the common reason why they do go bankruptcy

I would say that those who jumped on the bandwagon back in the winter when it was over 15k may have gotten hurt, but not bankrupt. That's what happens when you run into a burning building. The trend was already bending to near maximum peaks but sometimes people make decisions based on emotions while investing and get into a trade before carefully and rationally analyzing it. I've done it myself enough times to recognize it.

Also, there have been people getting hurt because of exchange hacks, but that's about all that comes to my mind. Bankrupt? Please tell us more.

I'll appreciate if you can back this up with evidence.
A good trader will make profit both in Bulls and bears ,we all know they're will be more profit during the bull season.

Yes, it is, so now the market is not growing .But those who have earned their, in the near future to return to the game .And for those who dosihpor in the chart just wait guys ,all will be well!)