Many cryptocurrency players have gone bankrupt - page 4.

kawetsriyanto

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Quote from: onrise on March 10, 2019, 10:21:51 PM

People had made mistake when they bought at high levels of 2017 and thus due to which many people had to sell in losses as market did not recovered in 2018 and lost a huge amount of money and some losing their entire saving as well .

I don't think they had a mistake to buy at a high level in 2017. They just buy as what we can do this time. I prefer to say that they are unlucky. They don't know if in the next year, crypto market experiences a big decline. Then, in 2018, some of them may lose patience to wait for longer and some may sell assets in order to quit.

eagleman

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Quote from: Clark05 on March 12, 2019, 01:57:08 AM

I thinl most of the players of the cryptocurrency they earn money and only few only who are bankrupt or they losing most of their capital or money. I think more player of the cryptocurrency are now millionaire and earn monthly income in different ways of earning to cryptocurrency. Maybe better to change the title there is some people who bankrupt by the cryptocurrency because for me the information is not true.

You can't be sure that only 'few' have gone bankrupt.

If you're going to create a survey, mostly will say that they have lost money through crypto because of the bear market.

I'm not confident to say that many have gone millionaire and earn monthly income through it. Most of the crypto people have earned one big amount in a single blow of trade.

iMark

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Quote from: aervin11 on March 09, 2019, 08:33:25 PM

Quote from: SiDtHeBeSt on February 24, 2019, 11:51:30 AM

Not sure about bankrupt or not but yes people might have had great losses in cryptocurrency recently after buying cryptocurrency when cryptocurrency value was on an increase and then suddenly the market started to crash that might've actually caused losses to many people in my opinion.

Yes, some Players/Traders might be on a loss but it's unlikely for them to get bankrupt right? You weren't doing this job to sustain your life if are not good with it. It's weird that OP is calling them bankrupt, maybe he's trading using telegram signals that's why he said so Grin

Actually bankrupt is the worst thing in trading, there is always a choice in trading you know, like cutlose so you won't experience big
losses, if you bankrupt it's certainly your fault dude, ask yourself, can you analyze and make a good choices?

Clark05

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I thinl most of the players of the cryptocurrency they earn money and only few only who are bankrupt or they losing most of their capital or money. I think more player of the cryptocurrency are now millionaire and earn monthly income in different ways of earning to cryptocurrency. Maybe better to change the title there is some people who bankrupt by the cryptocurrency because for me the information is not true.

lienfaye

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Quote from: johanesrobin on March 10, 2019, 06:39:49 PM

the definition of bankruptcy is different from getting a loss. bankruptcy is a bad situation. Maybe only a few people go bankrupt but this is not something that is scary, even all businesses have the same risk.
this news should not be used to do FUD, and in fact there are still many people who are successful even though the market situation is not profitable.

That's true, it just depends on how you deal with it. There's a way to take advantage the bear season especially if you are here for years and aiming for long term period to take profit.

If you know how to wait even it takes longer then your assets will remain even their value is not what you anticipate. There's a time for everything hence dont be discourage easily and be firm with your decision to hodl.

onrise

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Quote from: johanesrobin on March 10, 2019, 06:39:49 PM

the definition of bankruptcy is different from getting a loss. bankruptcy is a bad situation. Maybe only a few people go bankrupt but this is not something that is scary, even all businesses have the same risk.
this news should not be used to do FUD, and in fact there are still many people who are successful even though the market situation is not profitable.

People had made mistake when they bought at high levels of 2017 and thus due to which many people had to sell in losses as market did not recovered in 2018 and lost a huge amount of money and some losing their entire saving as well .

johanesrobin

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the definition of bankruptcy is different from getting a loss. bankruptcy is a bad situation. Maybe only a few people go bankrupt but this is not something that is scary, even all businesses have the same risk.
this news should not be used to do FUD, and in fact there are still many people who are successful even though the market situation is not profitable.

peter0425

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Quote from: aervin11 on March 09, 2019, 08:33:25 PM

Quote from: SiDtHeBeSt on February 24, 2019, 11:51:30 AM

Not sure about bankrupt or not but yes people might have had great losses in cryptocurrency recently after buying cryptocurrency when cryptocurrency value was on an increase and then suddenly the market started to crash that might've actually caused losses to many people in my opinion.

Yes, some Players/Traders might be on a loss but it's unlikely for them to get bankrupt right? You weren't doing this job to sustain your life if are not good with it. It's weird that OP is calling them bankrupt, maybe he's trading using telegram signals that's why he said so Grin

Well it possible because the market have lost so much value, almost 90% from its peak. The good news though is that most of the coins are really taking off and recovery is on its way. So if you went bankrupt here, I guess it's time to re-enter and recoup everything as the market conditions is getting better day by day.

aervin11

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Quote from: SiDtHeBeSt on February 24, 2019, 11:51:30 AM

Not sure about bankrupt or not but yes people might have had great losses in cryptocurrency recently after buying cryptocurrency when cryptocurrency value was on an increase and then suddenly the market started to crash that might've actually caused losses to many people in my opinion.

Yes, some Players/Traders might be on a loss but it's unlikely for them to get bankrupt right? You weren't doing this job to sustain your life if are not good with it. It's weird that OP is calling them bankrupt, maybe he's trading using telegram signals that's why he said so Grin

JohnBitCo

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Quote from: aderidwan98 on February 24, 2019, 07:44:35 PM

Many of them went bankrupt because they could not choose a good coin, many also bought only because they wanted a high increase regardless of the quality of the coins they bought, and when the market went down the coin coin would go down even further, ending in cut loss. So the suggestion is that I buy coins that have a clear project.

Even if they choose good coins, they are still at loss. Nobody thought that bitcoin and altcoins could have come so down as they are now. No one would have thought that we could drop from 800,000,000,000 $ market cap to 134,330,682,461$ market. In such a big collapse almost everyone would experience a loss.

kakonhat

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Crypto in my Blood

You just assume yourself. Maybe you are saying because of some crypto fraud arrested by police but they are stilling crypto they were not bankrupt.
I am a crypto player, I am fine and they are also fine who are not stilling crypto.

Bonsaiav

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Quote from: crossbit on July 12, 2018, 08:42:02 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 .

In uncertain economic conditions and crypto prices as they are today many things can happen, and one of them is bankruptcy, especially those caused by scammers, and even wealthy people can experience bankruptcy in an instant.

But many reasons behind a person can go bankrupt, and we should not corner all errors only on crypto currencies, this thing could be caused by because the cryptocurrency player does not understand crypto performance and cannot manage properly, so the loss effect continues to carve deeper.

neonshium

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Quote from: faceoff97 on March 06, 2019, 06:31:26 PM

Quote from: Alkhalifi69 on July 12, 2018, 10:43:26 AM

Quote from: crossbit on July 12, 2018, 08:42:02 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.

I agree with this, unless Bitcoin value have gone zero it will cause many to go bankrupt but Price is still going well it's just that it has big dip in the last months. Soon enough, it will regain and recover it's price, so it would be possible for those who lose good amount of money to get what they lost. Be patient and just Hold, crypto has a bright future.

Peoples enrolled with bitcoins would only go bankrupt once there is no demand left for bitcoins. Current situation is entirely different and a lot of peoples are even now getting into the markets.

Peoples who went bankrupt are really quite low as compared to peoples who got millions just by holding bitcoins from the early time. Those who have patience has profits always by holding the coin instead of panic selling.

eagleman

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Quote from: qwertyup23 on March 01, 2019, 06:49:29 PM

Quote from: eagleman on February 26, 2019, 05:11:42 PM

Quote from: aderidwan98 on February 24, 2019, 07:44:35 PM

Many of them went bankrupt because they could not choose a good coin, many also bought only because they wanted a high increase regardless of the quality of the coins they bought, and when the market went down the coin coin would go down even further, ending in cut loss. So the suggestion is that I buy coins that have a clear project.

Or shall we say that many became bankrupt because of their emotion and intensive selling at loss?

They can't take the risk that they have taken after investing to crypto's. All they think was after investing, they'll see their money grow on their wallets without knowing that there's a risk.

Lack of knowledge led them to get into that situation, I felt sorry for them but that's how it goes when someone isn't prepared of what he's taking and investing with his money.

Most investors who lost a significant portion of their investments were the ones who invested when the prices are still at high. They did not do enough study and research on the market and ONLY followed the hype train caused by media and other influencers. Unfortunately, they are also the ones who spread news about 'bitcoin's death' or 'bitcoin is dying' kind of news.

Yes, they were those investors that bought during the hype days and people are rushing to buy.

I'm also one of those people that bought and didn't sold most of my holdings during the all time high because greed was with me by that time.

And I think everyone does think that the market would be higher by that time.

Whosdaddy

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Quote from: Question123 on March 02, 2019, 09:16:32 AM

I think only few of them only are bankrupt because most of the poeple here at cryptoworld are earn more money.
Cryptocurrenncy is good opportunity for you to earn money it makes you bankrupt if you cannot handle it very well.
Maybe those people who are really bankrupt because they did not pick a potential coin for their money that can cause losing of it and not grow so better once you invest choose wisely to not cry in the end.

A lot of peoples had huge profits into the cryptos world so majority of peoples who were been introduced to cryptocurrencies are with them. There is always huge chances for individuals to earn a better living with the cryptos with comparably lower risk.

If in case, you don’t know to handle your money, or you invest into any random coin/scheme than you will surely go bankrupt but most of the peoples are well aware and they won’t let this happen anymore.

faceoff97

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Quote from: Alkhalifi69 on July 12, 2018, 10:43:26 AM

Quote from: crossbit on July 12, 2018, 08:42:02 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.

I agree with this, unless Bitcoin value have gone zero it will cause many to go bankrupt but Price is still going well it's just that it has big dip in the last months. Soon enough, it will regain and recover it's price, so it would be possible for those who lose good amount of money to get what they lost. Be patient and just Hold, crypto has a bright future.

gabbie2010

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Quote from: aderidwan98 on February 24, 2019, 07:44:35 PM

Many of them went bankrupt because they could not choose a good coin, many also bought only because they wanted a high increase regardless of the quality of the coins they bought, and when the market went down the coin coin would go down even further, ending in cut loss. So the suggestion is that I buy coins that have a clear project.

I think its not about choosing the good coin is responsible for their bankruptcy but entered the market at the wrong time, when the price was at its peak, I recalled during the bull runs most of the coins are very profitable a lot of ICOs investors made a lot of profits because there was a massive bull runs and a lot of investors came on board thus paved way for more ICOs into the system.

UmerIdrees

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Quote from: SiDtHeBeSt on February 24, 2019, 11:51:30 AM

Not sure about bankrupt or not but yes people might have had great losses in cryptocurrency recently after buying cryptocurrency when cryptocurrency value was on an increase and then suddenly the market started to crash that might've actually caused losses to many people in my opinion.

Many traders are at a severe loss if they have invested in first quarter of 2018. Many might have sell in loss by now and have said good bye to crypto market. Other might still be holding ,still waiting for the market to recover their losses. Small investors do not have new capital and if there funds are stuck in a loss trade, they have to wait for a long time until the market recovers and the coins again reached to the price on which they bought.

Question123

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I think only few of them only are bankrupt because most of the poeple here at cryptoworld are earn more money.
Cryptocurrenncy is good opportunity for you to earn money it makes you bankrupt if you cannot handle it very well.
Maybe those people who are really bankrupt because they did not pick a potential coin for their money that can cause losing of it and not grow so better once you invest choose wisely to not cry in the end.

Kelvinid

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Quote from: cryptobaro on March 01, 2019, 04:52:49 PM

Well I don't know about those players but I know many people near me who went bankrupt. I hope the market recovers soon.

It will be on that horrible events if we can't adopt the market trend and never find other strategies to work it out. We can escaped this possibilities if we take actions on this immediately but we just watch let it happen to our investment, then probably will turn out into losing our funds.

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