Many cryptocurrency players have gone bankrupt

[pragna]

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 .

[laughingburger]

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 .

Ya it is of no surprise this massive drop can cause former millionaires from crypto to fallout if they did not practice some money management. This massive bear trend is quite surprising in a way that even a rebound a further drop will follow immediately.

[giovannucchi]

Have you any example to analyze?
Do you refer to new and old projects? Or simply to investors?

[laughingburger]

Have you any example to analyze?
Do you refer to new and old projects? Or simply to investors?

I does not think any example is needed, where the market is heading at the moment is very obvious. Millionaires from crypto around me had feel the pinch already but not to the extend of bankrupt as they still have other jobs that can support themselves.

[HanZo04]

it was caused by market movements that were very far from everyone's estimates that prices continued to decline (especially November) and that made a big panic in the market so many investors began to give up.

[Ghozrd]

There will be profit and loss when you invest, crypto investment and other shares are not the same but the system works the same, that is, you must understand the risk factors of each coin that you have.

[laughingburger]

There will be profit and loss when you invest, crypto investment and other shares are not the same but the system works the same, that is, you must understand the risk factors of each coin that you have.

Even if understanding the risk factor that you might be taking will not be enough for you to stay away from harm. Only if you apply the necessary procedure then you will be able to lessen the damage you might be taking.

[kenning]

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 .

It is not a surprise to hear many people is getting bankrupt as the market has been suffering from a massive drop, especially to those that had become millionaires through crypto, when crypto makes someone rich most probably you will double what you have which is a human greed and that will makes you fall harder.

[Annalise]

I agree, many are getting bankrupt and nursing their words inflicted on them by the ?arket situations of cryptocurrency.
I hope they do not give up, They should try to see if they could at least recover their money.
It's doable.

[laughingburger]

I agree, many are getting bankrupt and nursing their words inflicted on them by the ?arket situations of cryptocurrency.
I hope they do not give up, They should try to see if they could at least recover their money.
It's doable.

You can pick yourself up at where you had a fall. But the main problem here is if the investors is already bankrupt which also means that they will not have the minimum require capital to even start all over again.

[Citysatoshi]

Yes, this can happen to anyone at anything especially when there are know adequate planning in place. i rhink we can learn from these incident from people to get more experience.

[PRIBO247]

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 .

Bankruptcy is too harsh a word. I don't believe this players rely solely on cryptocurrency as a source of income. Such people always have their hands in different pies at the same time. Also, I think that they are also bidding their time, waiting for the market to turn around and be favourable again.

[altcoingamer]

Well whatever the bottom works out to be whether thats 2800, 2000, or 1200.. I'll still be here and I hope a lot of others will be too... people went just as broke in 2015 buying the top of bitcoin en masse and watching it slip for almost 2 years down to about the same % losses, it will recover... miners are having to sell into shorts to protect future earnings since they have bills to pay RIGHT NOW, so its undersrtandable, but once a lot of the large scale asic mining operations go dark, the difficulty in mining  will drop, and we'll find our potential bottom with nowhere to go but up.

[MVT$]

Many were over bullish on the market so it's no surprise that many players were rekt. This is not the first time this has happened. Many left the crypto scene few years back.

[Chomzzy]

I believe a good numberCryptocurrency  investors and traders were affected greatly by the present market condition .
What I do not know is if they have all gone bankrupt as a result of that.