News View Non-AMP

Insolvency, Bankruptcy And Brutal Crashes: Lessons To Be Learnt From The Crypto Market

Published by
Qadir AK

The global cryptocurrency market has been hit with turbulent circumstances, and the market is still striving hard to make its comeback. This instability was followed by a liquidity crisis, unemployment, and an in-depth investigation of illegal crypto firms.

Market participants had assumed that the worst days had gone once the Terra (Luna) crisis blew over. However, that was far from true- it was followed by multiple firms such as three arrows capital , celsius network , , and declaring bankruptcy. In addition, well-known companies like and coinbase too fell prey to the instability.

If there’s anything positive to come out of these circumstances, it is that the crypto community has now seen terrible days and is well-versed with reality. 

During Bloomberg’s Crypto summit yesterday, July 19, ‘s CEO Mike Novogratz acknowledged that the crypto market had been through some miserable times recently, and these situations have damaged investors’ confidence. 

The Luna Crash: A Lesson For All

Mike Novogratz, a prominent supporter of the Terra (LUNA) platform, even has a LUNA tattoo and calls himself a LUNA-tic

After the Terra (LUNA) crash in May, Mike Novogratz claimed that his tattoo will always remind him that humility is a pre-requisite for investing in any venture. He believes that insolvent firms met such a fate due to their greed and ignorance. 

Furthermore, Galaxy’s CEO said that Terra’s crash was an eye-opener and made us realize that the whole crypto market and investors do not have adequate risk management knowledge. 

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Crypto Market Hit New Lows—Investors Looking Elsewhere? Ozak AI’s $0.003 Entry Looks More Promising!

The crypto market has recently experienced a vast downturn, with most important projects such as…

April 4, 2025

BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin?

The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…

April 3, 2025

Forget PEPE – Influencer Pepe (INPEPE) is the Future of Meme Coins with Real Utility!

PEPE hopped its way to a $3.8 billion market cap, but its reign as a…

April 3, 2025

Ripple (XRP) Eyes $10 as Ruvi AI (RUVI) Captures Investor Attention with Huge Growth Potential During Presale Phase 1

Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…

April 3, 2025

How High Can Influencer Pepe Go? Expert Predictions for 2025-2030!

The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…

April 3, 2025

Crypto Bloodbath: Solana, XRP, and Dogecoin Take Double-Digit Hits, Is Your Altcoin Safe?

The global cryptocurrency market took a major hit today, with the total market capitalization falling…

April 3, 2025