Going bankrupt on cryptocurrency won't happen that easy, if user has got some basic knowledge about the market fluctuations. People who were greed into the cryptocurrency network expecting big return in short term used to loss if they were unlucky. Particularly people investing on a single asset without diversifying go bankrupt.
losses in crypto can occur if we do not want to make some market observations. we cannot take lessons from the values that happened in the past so that we can determine attitudes in the future. the market is always changing so we also have to take steps quickly if the market is bad.
Most importantly they know the basic knowledge of crypto investments, they know the big risks from the crypto market such as fluctuations and scams. if they know the basics, of course they will diversify so they don't bankrupt when the risk occurs.
Bitcoin is a breakthrough and a revolutionary technology that is changing the world, but it is not perfect. Most notable are its nature and functionalities that may make mass adoption difficult. It's somehow difficult to understand, many people are still unaware of digital currencies and Bitcoin. It's relatively young and is a new currency , its digital existence, volatility, and technical complexity are large impediment of most people. Other problem it is facing would be scalability concerning the limits on the amount of transactions the bitcoin network can process. People are just beginning to become more aware of it. There have always been advantages and disadvantages to any situations in life and so with Bitcoin. In order for Bitcoin to succeed, more people need to understand what it is, and decide what they want to do with it.