Quote from: plescruslo on October 17, 2018, 12:31:48 PM

Quote from: Sengoko on October 15, 2018, 08:09:29 AM

Quote from: djsugar on October 12, 2018, 06:19:28 AM

Disagree with your statement. I am in cryptocurrency since long.
Never heard if any trader have gone bankrupt. You should present some data if you you are are saying. Rest if its true, there must be only reason lack of appropriate knowledge or lack of cryptos understanding. These are the only reasons if someone faces loss in cryptos.

I dont think he was referring to investors, I think hes only referring to the exchanges that have gone bankrupt. There are many of them, thats why its good to know what exchange youre investing your money on so that you dont end up losing it. Some of them are scam and after raising the amount of money they need, they close down and zoom off with investors money.

It is right because many investors have bought bitcoin on very high price. They invested their money in the last quarter of last year when the price was more than $15000, but unfortunately the price collapsed in the first quarter of this year and they lost thousands of dollars against each bitcoin. That was totally a blunder and due to big investors that manipulate the market.

In anyhow things happen, and there's really people or exchangers who loses their money while playing with this business, they didn't anticipated that the market will fall this huge after the big rise last year, and with this long bearish they decided to accept that they misinterpret the situations and move away from this market and find other way for a living.