Many cryptocurrency players have gone bankrupt - page 7.

Faxmate

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Quote from: wxa7115 on January 10, 2019, 01:06:14 PM

Quote from: MidKnight on January 08, 2019, 08:23:46 AM

The major percentage of them must be the excited newbies the felt so high because of the FOMO in December. I don't really consider them as cryptocurrency players because they just follow what everyone does when it happened and they don't really have a concrete idea on how they will manage it. True cryptocurrency players are still here and just waiting for another all time high to happen.

In a way I am sorry for all of those newbies that got in the market thinking they will become millionaires and now they are facing the reality of losing all their money and in some cases even more than that since they asked their friends or banks for money and they have basically ruined their lives by doing so, but this needs to be a lesson for all of us if you do not have a plan about how to make profits in this market then you are going to lose all you have.

So before we begin to invest or trade we need to have a clear strategy that we made sure will give us profits if that is not the case then it is better to not invest in the market or the chances of losing our money will be almost 100%.

Investment is very important in this case because in low price this strategy will work in your coming future and if you wanna save it for long term so you should do it will more profitable for your future and you should convince your friend and other people for investment because you should never lose this chance otherwise your profit will gone, so if you wanna earn more money from bitcoin so search in this currency because it has many best opportunity.

wxa7115

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Quote from: MidKnight on January 08, 2019, 08:23:46 AM

The major percentage of them must be the excited newbies the felt so high because of the FOMO in December. I don't really consider them as cryptocurrency players because they just follow what everyone does when it happened and they don't really have a concrete idea on how they will manage it. True cryptocurrency players are still here and just waiting for another all time high to happen.

In a way I am sorry for all of those newbies that got in the market thinking they will become millionaires and now they are facing the reality of losing all their money and in some cases even more than that since they asked their friends or banks for money and they have basically ruined their lives by doing so, but this needs to be a lesson for all of us if you do not have a plan about how to make profits in this market then you are going to lose all you have.

So before we begin to invest or trade we need to have a clear strategy that we made sure will give us profits if that is not the case then it is better to not invest in the market or the chances of losing our money will be almost 100%.

peter0425

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Quote from: izzy13 on January 09, 2019, 02:13:33 PM

I think it is a consequence of a bussiness choice. With the prices fallen and unstable, mass withdrawals are very normal and "humane". But it's good to decrease the hysteric euphoria. So the ones stay in this bussiness then are the ones who really know how to do the bussiness.

Might be the consequences but there's nothing to blame in this game. It's how we play here, and sometimes you win or lose. But it doesn't mean that you will totally get out of this market though, you can still recover but this time you have the experienced to help you out and I'm sure that you learn from your past mistakes. Make you even tougher mentality and it will help you a lot making the correct decision.

mornabo

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Quote from: ipanks on December 28, 2018, 03:46:01 AM

I believe not all players have gone bankrupt especially for people who can save the money and take profit in the right time. These people will not get lost because they know when they need to leave the market and enjoy the profit. But for the rest, they are bankrupt, and it's very sad because they are difficult to rise again and for the people who sold their coins too early, they cannot buy in a large amount because their money will reduce too.

Thats right, not all users are stupid people you know. many investors are smart people, they know when to go in and out, they know when to sell or cut lose so they will avoid the risk of bankruptcy. but it does not rule out the possibility that many users are bankrupt, especially when the wave yesterday, many people insisted on holding even though prices continued to bleed

izzy13

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I think it is a consequence of a bussiness choice. With the prices fallen and unstable, mass withdrawals are very normal and "humane". But it's good to decrease the hysteric euphoria. So the ones stay in this bussiness then are the ones who really know how to do the bussiness.

MidKnight

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The major percentage of them must be the excited newbies the felt so high because of the FOMO in December. I don't really consider them as cryptocurrency players because they just follow what everyone does when it happened and they don't really have a concrete idea on how they will manage it. True cryptocurrency players are still here and just waiting for another all time high to happen.

Sengoko

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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 .

Exchangers right? You’re saying the truth but it is not everyone that knows that. Some enthusiasts will come and blast you without getting their facts right. Majority of their exchanges are not doing fine, they are going bankrupt but they are covering up and pretending to be just alright so that people wouldn’t suspect them. Anyway, what do I know? Lol.

onrise

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Quote from: ipanks on December 28, 2018, 03:46:01 AM

I believe not all players have gone bankrupt especially for people who can save the money and take profit in the right time. These people will not get lost because they know when they need to leave the market and enjoy the profit. But for the rest, they are bankrupt, and it's very sad because they are difficult to rise again and for the people who sold their coins too early, they cannot buy in a large amount because their money will reduce too.

People who have gone bankrupt would be those who had bought worthless coin and not the best of the coins . Also they would have loss a huge money due to buying during the high time and not during the dips which is the reason as market kept on falling they kept on losing money rather than buying it they had to sell in a heavy losses or due to some personal issue as well one would have incurred losses.

ipanks

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I believe not all players have gone bankrupt especially for people who can save the money and take profit in the right time. These people will not get lost because they know when they need to leave the market and enjoy the profit. But for the rest, they are bankrupt, and it's very sad because they are difficult to rise again and for the people who sold their coins too early, they cannot buy in a large amount because their money will reduce too.

Rhosadah

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not right in saying bankruptcy is more appropriate to decrease assets for long-term investors and asset transfers for traders who use the balance market method,
so this is just waiting for the right time space and bitcoin will mainly dominate the market again openly.

wxa7115

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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?

It is common sense, in other markets the percentage of traders that make profits is very low, probably below 20%, and the percentage that make great profits enough to make a living out of it is even lower, and when we take into account that the market of cryptocurrencies is many times more volatile than all of those markets then it is a very safe assumption to make that the percentage of traders making profits is even lower in this market.

But even if that is the case that means that the profits that you can get in this market are many times higher than whatever you can get in those markets so it is still worth to invest in this market because if you are successful you could easily change your life.

moynul2050

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too much if I say bankruptcy, I think only a decrease in assets. and they (traders) still have the opportunity to cover their losses.

Goldleader

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Yes OP some player has bit the dust . Some player or whale took the opportunity to horde a lot of coin while some just waiting to bounce back .

btcmegastar

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Now the market cap has decreased from 700 billion to 200 billion and this makes them decrease their value in the market. Those who bought the coins at the high value already lost their value due to the sudden drop in the Bitcoin prices. So instead of selling it is better to hold them as long as possible until the market starts recovering.

bohr

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Quote from: 3x2 on November 21, 2018, 03:20:16 AM

Only individual newbie investors may had gone bankrupt. Institutional investors have strategies and they won't take loss after a certain fall in market.

Someone that is an institutional investor is not an investor that has more knowledge, it is just an investor with more money and many of them have no formal education when it comes to the economy so they are as susceptible as anyone else to take bad decisions, and many of them are taking huge losses because they were not smart enough to know when to leave this market.

Sengoko

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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 .

Not all of them are going bankrupt, some of them are just exit scam. They come in and pretend to be legit and try to get a lot of investors on their side and once they have made enough money they will quickly exit the market, taking investors money with them. Some of them are due to lack of funds though, but I think any exchange that can keep up should be blamed for it. Before you startup things like you should have it planned for a while.

sammyp

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Well, I do agree with you to some extent that some investors probably those who rushed in to invest when bitcoin was either at or close to its all time highest have lost a lot of the current market is being considered. That not withstanding, the crypto currency giants or players might not actually loose anything, these are people who got into the business early and might still be enjoying their profits. I mean those who invested 3 or more years ago have only seen their profits reduced and that can not be referred to as a total loss.

Bagusora

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I understand what you are saying that maybe because of the decrease in the price of BTC that caused you to talk about it, I am sure not all investors go bankrupt for the end "This is only an investor who is careful and smart to choose an ico but beginners expect profits with a lot but the reality is not in accordance with what he wants because choosing a project or ico is wrong

kubori102

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When you have not sold crypto, you still have the opportunity to make money again, if they are good bear losses and when the market rebound they can still be profitable. I do not understand what you mean, stop scaring for other investors.

Goodvalony

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All i can say is that Lots of traders have abandoned there account till when they feel that the market is better and back. we have bought so many deep. thinking it is the last deep but none was accurate. we will still see more bear markets in the future. this is not the last and will never be. More bear markets are coming. probably worst than this.

Topic: Many cryptocurrency players have gone bankrupt - page 7. (Read 22008 times)