Many cryptocurrency players have gone bankrupt - page 24.

TraiKH

newbie

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Quote from: crossbit on July 13, 2018, 05:03:36 AM

I hope to understand one thing first.
This topic is not for the ico team
Maybe many projects have fallen more than 80%
The reasons that caused the player to leave the game
From a greedy leverage operation

ICO at this time is not the same as 2015-2017. Stop crying if you've been sleeping with the past. ICO became famous and featured high leverage loeij in the short term. But it is only one component in this ecosystem. If you want to make a profit, you need to be patient several times over.

FreeOxen

newbie

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Well for everyone who sold off at the all time highs, someone had to pay that money to get the cryptocurrency so there are likely a lot of people out there hurting... there are stories who pretty much lost everything putting too much money into cryptocurrency too. So there are people who probably are bankrupt too.

Mhd-Bobbi

member

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Quote from: terrific on July 12, 2018, 10:19:46 AM

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 think only some of their friends are bankrupt. So he said the Cryptocurrency player went bankrupt. But I do not think all Cryptocurrency players go bust. Maybe they stopped following it as market prices went up and down.

Sadlife

sr. member

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Because most of those crypto investors doesn't know where to invest there money and many of those investors are mostly newbies that's why they get scam by shitcoins and ICO expecting for immediate gains only to find out that their money will go to waste in those unknown altcoins with no ceo, no good team of dev, no roadmap and not marketable.

Satosho Kakamolto

member

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Merit: 10

The only cryptoplayers who has gone bankrupt, as far as I know, are producers of mining equipment. And exchanges which have been hacked of course. Which other players have been bankruped?

Rainbow009

newbie

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There is the risk of losing out in whatever you venture into.
And cryptocurrency has profited a lot of people over the years.

crossbit

newbie

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I hope to understand one thing first.
This topic is not for the ico team
Maybe many projects have fallen more than 80%
The reasons that caused the player to leave the game
From a greedy leverage operation

palle11

sr. member

Activity: 2366

Merit: 332

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

Many cryptocurrency players have gone bankrupt

Do you mean bankruptcy as fall in price or you mean losing out totally? I think you need to clarify this because in cryptocurrency business, no investor lose totally even when price goes bearish because the unit of quantity acquired still remains no matter how price has fallen even below ico price.

Although, the only way an investor can lose totally is, and unless when the coin is deleted or taken out of the exchanges where it is listed.

iv4n

legendary

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Quote from: terrific on July 12, 2018, 10:19:46 AM

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?

Of course he can't name any of them, this is a troll topic. Of course newcomer started something like this, without names, arguments, proofs, he just wrote something stupid and he found a perfect place to do that.
Nothing more then spreading fud, this can be characterized like that, there isn't need for us to explain him what is truth, he already knows it.
I always point out one doubt I have, what agenda this newcomers have with starting this threads? They bother to come here and create account just to spread fud? Are they paid for that or they are haters without job and lot of free time? After many years I still don't have answer on that question.

Ridwan Fauzi

full member

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Merit: 147

For them bankruptcy when investment in cryptocurrency is an option, because they can still sell their assets when the price will drop drastically. But they still believe in bitcoin prices in the future until they will choose long-term investment. Bankrupt now does not mean bankrupt in the future, doing business in cryptocurrency is different from doing business in the real world. In cryptocurrency a person who has bankruptcy due to a declining price still has a hope because the price will go up, of course if he is patient because it does not sell his assets when the price drops. But when businesses are in the real world and they go bankrupt, and to recover they must need new capital to recover it.

crossbit

newbie

Activity: 8

Merit: 0

I think my statement may have misunderstood some people.
In the case where we hold the real cryptocurrency, there is no bankruptcy.
I am the operator of other communities, so I propose
I am referring to new players this year.
They step into the futures market
There are also many speculative coins
If you think that you can explain the funds after Q1?

entrepmind23

sr. member

Activity: 644

Merit: 261

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 .

People who just entered last December and borrow money just to enter the cryptocurrencies market are in trouble because they cannot pay their debts anymore. It is alarming because some even commit suicide because of depression and they cannot feed their family anymore due to debts. This is the reason we should always the risk involve when it comes to investing especially as risky as this crypto market because we don't know what will happen in the future.

Quote from: Rossy Akbar on July 12, 2018, 10:14:33 PM

This post are just making other peoples afraid to join crypto, this was my first time to heard about it, even if they've got hack or scam it doesn't mean to be bankrupt, because I think every single bitcoin has known their own plan and strategy.

This post is not to make people afraid but instead let people be aware of the reality that there are some who got bankrupt because they invested heavily on bitcoin without risk management. It would instead make people be wary and take the necessary risk and know when to sell so that they can avoid being bankrupt.

Rossy Akbar

full member

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This post are just making other peoples afraid to join crypto, this was my first time to heard about it, even if they've got hack or scam it doesn't mean to be bankrupt, because I think every single bitcoin has known their own plan and strategy.

crzy

full member

Activity: 2128

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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 .

How sure is this? Well, we don't really know about this so maybe those are gamblers and not a hodlers or a greedy one. But for sure, if you are good here you will not become like that, this market is nice in terms of profit making so learn how.

Ziah18

newbie

Activity: 24

Merit: 0

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 .

You have no proof that many players in crypto currency got bankrupt. Of course we can't avoid losses in playing or investing in crypto because it is too risky but i think most of the people here in crypto is already aware and they playing ang investing carefully.

bennypagulayan

member

Activity: 280

Merit: 10

MEGATRON - THE RISE OF BLOCKCHAIN REVOLUTION

Quote from: Alkhalifi69 on July 12, 2018, 11:43:26 AM

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 .

not all cryptocurrency players go bankrupt, they just experience a decline in assets and most of them do not sell the asset before the price recovers. Just as crypto players and traders who have long been in the world of cryptocurrency they think to increase their investment, for the reason they believe that the price will be able to recover.
maybe you mentioned is a new player who experienced panic sell to see the current market conditions.

There are many small investors who do not have the right investment method and have lost a lot in the period from the beginning of the year to now. I think that in order to succeed in any market, it is necessary to have a proper investment strategy so that investors can be proactive in all the worst situations.

Awoben

jr. member

Activity: 236

Merit: 3

With no real evidence to back this statement up, this is totally untrue.
Note players/traders are busy increasing their stakes, buying from weak hands and people that don't understand the market.

kevoh

full member

Activity: 448

Merit: 110

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

Many cryptocurrency players have gone bankrupt

This is a vague statement and a fallacy of hasty generalization.

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

As I said in this year's new futures market

Can you point us to a source or a link where we can view this statement of yours? Thank you!

Alkhalifi69

member

Activity: 307

Merit: 10

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 .

not all cryptocurrency players go bankrupt, they just experience a decline in assets and most of them do not sell the asset before the price recovers. Just as crypto players and traders who have long been in the world of cryptocurrency they think to increase their investment, for the reason they believe that the price will be able to recover.
maybe you mentioned is a new player who experienced panic sell to see the current market conditions.

charina

newbie

Activity: 34

Merit: 0

first tym to hear this...i’ve never heard anything like this before...is this true?

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