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
greed and panic that cannot be stopped, indeed the market will not be forever good and there are times when the market will correct and the price will plunge. So stay optimistic and confident and cultivate high patience, it will at least prevent bankruptcy because after all waiting longer to get more profits from crypto will definitely come true someday. 
Topic: Many cryptocurrency players have gone bankrupt - page 9. (Read 22073 times)
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
I think they are not ready to backup because each one have different kind of technique but the value will not be right possible for a good that this year but it completely changed as soon and many people will definitely remain like the previous year so we cannot say many of us are going to home.
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
Bankrupt? if they are holding a shitcoin they will end up like that.
But if we are having a good coin that has great potential to be a player in the future then we are in good shape.
Even the market is red or the price gone really low, we will never be on that stage as long as we are not selling to be gone nothing,.
But if we are having a good coin that has great potential to be a player in the future then we are in good shape.
Even the market is red or the price gone really low, we will never be on that stage as long as we are not selling to be gone nothing,.
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.
The biggest failure leading to bankruptcy when participating in cryptocurrency is ignorance and no clear plan. It leads to false psychological decisions.
I know, for example, that the assets of the company BLACK ROCK have fallen sharply in price. This company started investing in cryptocurrencies at the end of 2017 and did not sell them when they were at the peak of their price. Now she, like many, is sitting at a loss (in a drawdown).
given in any industry if you are not that good in that specific area of business most likely you will be ending bankrupt but dont let this this happen without giving you a good lesson in life and try again some time. a great trader is product of tons fail calls.
Yes that is right, but I think that if we are new in trading then we need to be careful and should try to do trading in a limit, where we can afford to our lost, I think that we first need to get some experience which can prevent us to become bankrupt.
Due to market fluctuation, many people lost their value in the market which nobody didn't expect this much downfall. Last year the prices went very high in the market which nobody didn't expect growth and this makes us lose more value in the market due to sudden drops.
It so sad what happen to some crypto players because of those big whales. In our current situation even in a legal way you get scam, like ICO. Imagine during ico you can buy that token in $1 but after ICO and get listed it just a matter of an hour the token dump its value from $1 to $0.002 and that is totally a scam that is why lot of investors too gone and bankrupt. Some of the investors now don't trust crypto because of it.
Why can it go bankrupt, is it lacking in understanding about crypto, it's a mistake, before we start what we do, first, we have to understand it well, then we play / work there, and also have to know really what we want to buy, the project is good no, the team is anyone, we also have to know that.
I have heard a lot about this, and it has terrible consequences. However, when you start investing, the risk of bankruptcy is already present. But do not be too worried, they are smart people, they will know how to overcome this problem.
Competent cryptocurrency traders only improve their financial condition. They know and understand a lot, so they almost always win. Perhaps you wanted to say that many novice traders have lost their money. I'll believe that more.
indeed, those who have traded for a long time will be able to analyze the market situation and continue to adjust to the market, although it can be said that the market is currently in an uncertain condition they will still profit through their trading experience. 
Competent cryptocurrency traders only improve their financial condition. They know and understand a lot, so they almost always win. Perhaps you wanted to say that many novice traders have lost their money. I'll believe that more.
Responding to topics and statements made by Op, is actually giving credence and relevance to whatever he is insinuating because people like that are better referred to as trolls who does not have any iota of the argument they are putting forward neither is it being supported with fact to drive home their point. Everyone knows that the golden rule in crypto is not to invest money which if unavailable, would put you in a difficult situation and the moment that is adhered to, then the issue of bankruptcy does not arise. Aside that, the rate of return for anyone since the beginning of 2017 has been positive year on year basis. So, there is no need to continue dignifying this with responses.
I’d like to second this. Even if a crypto player makes a horrible trade or has sold their coins at a loss, they shouldn’t go bankrupt unless they have placed all their life savings on the line - which is strongly not advisable. Perhaps a better phrasing for the heading/title should be “many cryptocurrency players have lost heir money” because the term bankrupt is misleading. It also gives a bad connotation.
Even putting at risk your savings does not bankrupt you, in the sense that you still have a source of income (I hope so). The problem is that people get so excited and they will take loans or max out their credit cards just for FOMO. And then the bubble bursts
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 .
Players? Are you referring to investors or exchanges? You can’t know when investors goes bankrupt cause you’re not in their pocket unless they tell you. So I guess you’re referring to exchanges. Some of the exchanges you see are scam and all they do is make away with people’s money once they have got as much as they need. As I said in this year's new futures market
Such speculation has already allowed many former winners to Departure .
That’s why is good to do proper research about any exchange you want to invest in, if you don’t know how you can do that then you can go for old exchanges with good reputation already.
experienced crypto players of course have a strategy in terms of trading in any situation. so I think if there are crypto players who go bankrupt because of lack of experience so they don't have a strategy in dealing with the market situation.
Bankrupcy may come to anyone, no matter they are experienced or not experienced crypto players. Just like in other business where great experienced businessman may get bankrupt once he make a mistake on the business. Mistake may come as it is a nature of human, the most important thing is we should know how to deal with the mistake.
So yeah I agree that we should have a strategy, there should be plan 'B' 'C' etc.
experienced crypto players of course have a strategy in terms of trading in any situation. so I think if there are crypto players who go bankrupt because of lack of experience so they don't have a strategy in dealing with the market situation.
Bankrupcy may come to anyone, no matter they are experienced or not experienced crypto players. Just like in other business where great experienced businessman may get bankrupt once he make a mistake on the business. Mistake may come as it is a nature of human, the most important thing is we should know how to deal with the mistake.
So yeah I agree that we should have a strategy, there should be plan 'B' 'C' etc.
experienced crypto players of course have a strategy in terms of trading in any situation. so I think if there are crypto players who go bankrupt because of lack of experience so they don't have a strategy in dealing with the market situation.
Jump to: