Topic: Many cryptocurrency players have gone bankrupt - page 8. (Read 22008 times)
Only individual newbie investors may had gone bankrupt. Institutional investors have strategies and they won't take loss after a certain fall in market.
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 .
Most new projects are terrible anyway that is why they disappear, if the majority of the projects in the market were like bitcoin or even something close to it then I can assure you that most of those projects will survive but since that is not the case and most projects are created by scammers trying to get money out of investors that should know better than to invest in a coin with no future then we have the current failure rate of projects in the market which is very high. As I said in this year's new futures market
Such speculation has already allowed many former winners to Departure .
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 realy many player bankrupt, i was got profit , when i bought at 100 , i will sell at 200, so thingking about it. how you not going to be looser As I said in this year's new futures market
Such speculation has already allowed many former winners to Departure .
The financial investment market is always like this, some people are profitable, some people are bankrupt, no matter if you are engaged in stocks, futures are the same!
this is a hard blow for traders and anyone involved in cryptocurrency business. there are a lot of people who give up and are stressed by this situation I think that is normal. The biggest loss will be felt by altcoin traders because yesterday's decline in bitcoin prices affected the altcoin price and it was very bad.
Many cryptocurrency players/investors may have gone bankrupt maybe because they fail to manage their cryptocurrency assets properly. A very poor decision making can also be the culprit that costs them their portfolio which is supposed set in a long term plan. Any wrong decision at any moment can really ruin everything.
they join crypto because the motivation is big profits but don't fully understand crypto, they just follow the others and this will give you a big loss. study crypto further and also look at the market trends that form crypto, so you will find the best patterns and strategies to make a profit
Getting bankrupt is really a hard thing one can experience especially in crypto investment. Supposedly, one can recover back from being bankrupt if he tries again but he needs to manage his crypto assets well.
People who do not understand and invest still just because btc has reached 18k last year is the biggest mistake they do it. Everyone need to know that how volatile the market is and it is not everybody cup of tea to make money in volatility. And as a result many have lost huge amount and some have even become bankrupt.
I deeply believe the following:
1) Investors need to get familiarized with the Technology in order to invest in strong projects. No professional investor, invests in industries that they know nothing about.
2) The industry needs more solid products that can attract investments and sustainable growth.
3) Trading is a tough market. Like it has been mentioned above, in order for someone to win, other person needs to loose.
1) Investors need to get familiarized with the Technology in order to invest in strong projects. No professional investor, invests in industries that they know nothing about.
2) The industry needs more solid products that can attract investments and sustainable growth.
3) Trading is a tough market. Like it has been mentioned above, in order for someone to win, other person needs to loose.
Getting bankrupt is really a hard thing one can experience especially in crypto investment. Supposedly, one can recover back from being bankrupt if he tries again but he needs to manage his crypto assets well.
People who do not understand and invest still just because btc has reached 18k last year is the biggest mistake they do it. Everyone need to know that how volatile the market is and it is not everybody cup of tea to make money in volatility. And as a result many have lost huge amount and some have even become bankrupt.
Just a normal thing to think about and sad for those people who got on the hype when crypto market is bubbling up and now it popped leaving out those investors on
peak keep hanging.
Getting bankrupt is really a hard thing one can experience especially in crypto investment. Supposedly, one can recover back from being bankrupt if he tries again but he needs to manage his crypto assets well.
People who do not understand and invest still just because btc has reached 18k last year is the biggest mistake they do it. Everyone need to know that how volatile the market is and it is not everybody cup of tea to make money in volatility. And as a result many have lost huge amount and some have even become bankrupt.
I agree with the author that a lot of players went bankrupt this year, but I think that they are newcomers to the market rather than experienced players.
Experienced traders won't allow that to happen to them, they will hold or make a cut losses and continue surviving around the market, only those newbies and panic traders are suffering as they don't anticipated the change pace inside the market, it's needed to consider that taking the big risk always have two possible outcome, so you need to stand with your position if you wants to succeed from this industry,.
I agree with the author that a lot of players went bankrupt this year, but I think that they are newcomers to the market rather than experienced players.
I don't really support of this because this is crypto market at times its going to be profitable or lost but I believe no one mentioned this question last year,to me this just trial time.
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 also did not hear too much stories about someone's fail on crypto investment. Much often I heard about someone's success.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?
Yes, people who invested in crypto currencies on high points can be in minus right now, but with some time of patiently waiting they may not just recover their investment, but get the profit they dreamed about.
Generally, crypto market includes many risks, thus some people gets a great income, but some does not. Especially, we are more likely to get into loss than sucessful, the bad or good result definitely depend on many factors such as: knowledge, experience, skills, and the like. If you have a wealth of knowledge, you will have many advantages that can help you to analyze the fluctuation better. Experience as well as skills are built when you do practically, especially learning from your mistake is one of the best option in order that you can build a word of experience. Honestly, when it comes to crypto field, people went on a bankrupt is quite normal, also some becomes much richer immediately is normal.
Due to fluctuation at the beginning of the year makes many people lose their value in the market and this makes many people loose their hopes in the market whether the prices will recover or not. People who have strong confidence in the cryptocurrency are still holding the coin and they will wait for another bull run.
seems that you might have lost some money and you are reporting your impression about the crypto players...
trading is not my area, but I hear that there are a lot of players that keep making money in spite of the market conditions... at the bear market it is time to separate the good from the worthless, and this concerns projects, traders, scammers, quick cash obcessive....
Crypto opportunities are still there, you just have to work harder and better to get them
Yeah it is right that smart traders can even make money in these rough conditions. They do not wait for good times. This time is also good for them. It is a fact that most of the investors lost lots of money in bitcoin but it is also a fact that thousands became millionaires just because of bitcoin investment. They hold their coins for years and this patience gave them big profits.trading is not my area, but I hear that there are a lot of players that keep making money in spite of the market conditions... at the bear market it is time to separate the good from the worthless, and this concerns projects, traders, scammers, quick cash obcessive....
Crypto opportunities are still there, you just have to work harder and better to get them
it is true, many people are bankrupt because of crypto, in my opinion the main cause is greed, most bankruptcy is caused by a lack of knowledge and without analyzing so they make mistakes that make them bankrupt
I do not think that greed is the main cause of those who get bankrupt, IMO it is more about failure of money management and about strategy. Trading without good money management will always result in bad losing. Mistake in trading is a common thing, the most important thing is that trader should know how to deal with the mistake.
How did you know? I believe most of them are just small players who happened to be greedy or always got panic. Always thinking in a negative way and has lack of knowledge. Still, I believe the number of people who became successful in crypto will outnumber those who got bankrupt.
it is true, many people are bankrupt because of crypto, in my opinion the main cause is greed, most bankruptcy is caused by a lack of knowledge and without analyzing so they make mistakes that make them bankrupt
I do not think that greed is the main cause of those who get bankrupt, IMO it is more about failure of money management and about strategy. Trading without good money management will always result in bad losing. Mistake in trading is a common thing, the most important thing is that trader should know how to deal with the mistake.
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