2022 has been one of the most significant eventful years of crypto history.

DVlog

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Quote from: serjent05 on November 14, 2022, 06:05:17 PM

Every year is an eventful year for cryptocurrency history. 2022 isn't the only year where huge exchanges and company went bankrupt or hacked. The cryptocurrency is active and colorful all through out the year, every year.

Quote from: jostorres on November 14, 2022, 03:26:52 PM

One thing I am quite certain about is that the more money generation Z will make, the more crypto or at least freedom related business ideas they will make possible. It means, the "financial system" or the financial establishment will slowly be them.

I think it is the more money generation x wanted to accumulate, the more fraud and scam-related business will be created to milk the unsuspecting investors of their money.

2022 got the attention of mainstream media because it's a lot of money this time. Only an exchange loses over 50B when terra luna's loss was 60B. Many country's reserves is not half of this size. But media reports about FTX scam events look biased when they are blaming CZ for this to happen. That ponzi scam is nothing new in the crypto industry but the victim is relatively new and falls for this.

serjent05

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Every year is an eventful year for cryptocurrency history. 2022 isn't the only year where huge exchanges and company went bankrupt or hacked. The cryptocurrency is active and colorful all through out the year, every year.

Quote from: jostorres on November 14, 2022, 03:26:52 PM

One thing I am quite certain about is that the more money generation Z will make, the more crypto or at least freedom related business ideas they will make possible. It means, the "financial system" or the financial establishment will slowly be them.

I think it is the more money generation x wanted to accumulate, the more fraud and scam-related business will be created to milk the unsuspecting investors of their money.

jostorres

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Quote from: Hydrogen on November 13, 2022, 07:37:56 PM

2022 is merely the latest round of controversial crypto history which began around 2017.

Bitfinex and tether were first investigated in 2017 amidst allegations of manipulating bitcoin and crypto markets. If I remember right that was around the time Warren Buffett, Jamie Dimon and others have come forward, speaking publicly to offer a "united front" against crypto. That negative trend has only widened and deepened with celsius, FTX and other recent incidents.

I think the biggest userbase of crypto worldwide is generation Z and the youth demographic. The financial establishment could find itself in an uncomfortable position in years to come. Where they're attempting to cater to the youth demographic but also may be illustrated negatively by their association with negative crypto history.

One thing I am quite certain about is that the more money generation Z will make, the more crypto or at least freedom related business ideas they will make possible. It means, the "financial system" or the financial establishment will slowly be them.

Right now, all those people who are 60+ years old are at the top or retired, they are not the cogs in the machine anymore, people who are under 40 working hard to keep their companies running but that's it, the "greatest generation" is no longer at day to day, which means that financial establishment will get more and more younger and will somehow find a way to put crypto into the works and make it part of the establishment.

DVlog

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Quote from: philipma1957 on November 13, 2022, 07:22:46 PM

Quote from: decodx on November 13, 2022, 06:14:05 PM

It has been a wild ride, but the year is almost at its close. The market has shed billions in valuation and it's highly unlikely that things will go back to their 2021 highs anytime soon. Let's just hope 2022 goes down as the worst year for crypto for many years to come. And hopefully, we can all look back on 2022 as the year that forced positive change to occur, regardless of how scary the headlines were at the time. Oh, and if you're planning on contributing to the next wave of negative news: please don't!

All joking aside, it's nice to see a fairly accurate recap of the biggest news of the year in the space.

I think we actually dropped trillions.

what was peak 3.2 trillion?

I think we are under 1.2 trillion at the moment which means over 2 trillion or trillions of dollars.

whats next some lands the asteroid of gold and it falls to 100 an oz.?

Yes, we lost almost 2 trillion of dollars because of those scams, hacks, and exploitation. FTX put the last nail in the coffin and now the crypto industry will face aggressive regulation. They were planning for this for a very long time and now hidden puzzles revealing one by one. SBF looks like the front face but the real person behind all these is someone else. I think it is time to go back to the old ways. Not your key, not your crypto.

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Quote from: KEN L on November 14, 2022, 06:05:37 AM

Indeed, I have also experienced bear markets in the past, but this year is really not as bloody.This year is the year to witness the fall of the great.

I need to ask about the past you mean what year? Because last year, when it coincided with your entry into this forum, there was not much price decline in the market, but a bigger and more substantial increase. And if it is calculated with this year, it is indeed a very large price decline that has been witnessed by many people so that the utilization will obviously be different this year.

But if you were already in the market in 2018, then obviously you have seen and felt a great decline at that time even though the amount of decline at that time was slightly different from the amount of price decline at the beginning of this year.

doomloop

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Quote from: gantez on November 14, 2022, 03:40:54 AM

Quote from: EdenHazard on November 13, 2022, 07:16:43 PM

A lot happening .. as the bitcoin all time high cost some people a lot as well .. especially those who bought at the very top and with all these big companies went wrong ... makes bitcoin at the best and worst situation at a year. People forgot that there always a cost for every benefit.

This time around we are facing the toughest time as it seems crashing but actually it's not , temporary panic only.

The real risk and trying times for cryptocurrency is now what we see. The system is needing more sanitization for confidence of investors. Regulation of the cryptocurrency is suppose to be of very much tight so that in house businesses will be earlier monitor and detected for customers safety of funds. The current crash estimating huge finance loss can cause more panic.

I think FTX is regulated because it was one of the top crypto exchanges but it still collapsed so the sanitization/regulation thing that you are talking about is no use but it will only kill more the purpose of cryptos which is decentralization. People shouldn't panic but they must face the consequences because they insist to invest here in first place even after knowing that there is a big risk that entails in crypto. Panicking doesn't help but it will only make the situation more worse.

2022 is one of the worst years but I think it's okay to have a year like this sometimes. This is to remind people that some of their actions are incorrect. I hope those people will now learn after this.

KEN L

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Indeed, I have also experienced bear markets in the past, but this year is really not as bloody.This year is the year to witness the fall of the great.

LogitechMouse

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Just another year where sh*t happened. Many more might come at the remaining days of the year and for sure, there will be more next year, and next year, and next year, and next year. Tongue

I mean we are experiencing this on a yearly basis already. Projects becoming a scam, a thing which will be hyped will go down overtime and those who invested on the top will surely lose money. Hacks happening anywhere because of lack of security of the project. More and more that happened in the past and will still happen not only this year but in the future.

One thing is for sure though. People will lose money investing into wrong projects yearly while people who did thorough research are the ones who will strive. People who choose not to ride the train especially when it is at its highest peak already are the ones who will not lose money.

gantez

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Quote from: EdenHazard on November 13, 2022, 07:16:43 PM

A lot happening .. as the bitcoin all time high cost some people a lot as well .. especially those who bought at the very top and with all these big companies went wrong ... makes bitcoin at the best and worst situation at a year. People forgot that there always a cost for every benefit.

This time around we are facing the toughest time as it seems crashing but actually it's not , temporary panic only.

The real risk and trying times for cryptocurrency is now what we see. The system is needing more sanitization for confidence of investors. Regulation of the cryptocurrency is suppose to be of very much tight so that in house businesses will be earlier monitor and detected for customers safety of funds. The current crash estimating huge finance loss can cause more panic.

Kakmakr

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The thing you have mentioned are just part of the natural cycle of every new technology. We saw this happening with ICOs and now it is happening with Defi and NFT projects.

All of these projects have one thing in common... namely : They have scammers that are moving from one new technology to the next and it has 1000s of legit projects, trying to make a profit. Tongue

A lot of these projects are in competition with each other, so they rush to be first to market.... and they mess up the code. This result in exploits in the code and subsequent hacking that takes place. Angry

adaseb

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I’ve been thru about 3 market crashes in crypto.

First was when MtGox went down. It was big because there weren’t that many exchanges back then.

Then it was the 2017 top which peaked when Bitconnect ponzi was revealed.

Then the Covid crash.

So this is pretty much my 4th market crash. I don’t use leverage so I am not really worried.

Hydrogen

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2022 is merely the latest round of controversial crypto history which began around 2017.

Bitfinex and tether were first investigated in 2017 amidst allegations of manipulating bitcoin and crypto markets. If I remember right that was around the time Warren Buffett, Jamie Dimon and others have come forward, speaking publicly to offer a "united front" against crypto. That negative trend has only widened and deepened with celsius, FTX and other recent incidents.

I think the biggest userbase of crypto worldwide is generation Z and the youth demographic. The financial establishment could find itself in an uncomfortable position in years to come. Where they're attempting to cater to the youth demographic but also may be illustrated negatively by their association with negative crypto history.

philipma1957

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Quote from: decodx on November 13, 2022, 06:14:05 PM

It has been a wild ride, but the year is almost at its close. The market has shed billions in valuation and it's highly unlikely that things will go back to their 2021 highs anytime soon. Let's just hope 2022 goes down as the worst year for crypto for many years to come. And hopefully, we can all look back on 2022 as the year that forced positive change to occur, regardless of how scary the headlines were at the time. Oh, and if you're planning on contributing to the next wave of negative news: please don't!

All joking aside, it's nice to see a fairly accurate recap of the biggest news of the year in the space.

I think we actually dropped trillions.

what was peak 3.2 trillion?

I think we are under 1.2 trillion at the moment which means over 2 trillion or trillions of dollars.

whats next some lands the asteroid of gold and it falls to 100 an oz.?

EdenHazard

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A lot happening .. as the bitcoin all time high cost some people a lot as well .. especially those who bought at the very top and with all these big companies went wrong ... makes bitcoin at the best and worst situation at a year. People forgot that there always a cost for every benefit.

This time around we are facing the toughest time as it seems crashing but actually it's not , temporary panic only.

2stout

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I don't know, kind of torn on this. I can go back to the start of Bitcoin to present and your statement can be true for about any year. " (Insert year here) has been one of the most significant eventful years of crypto history.

Yatsan

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Simply because peak price of cryptos and its downfall happened on the same year but this is no longer surprising. The market value of cryptos cannot continuously increase constantly. There will always be times wherein its market price would fall; could be on a sudden or gradually. This simply makes it volatile. The problem now is when will the market price of not only Bitcoin but also with other cryptos, go up again? If we would base on the previous years, there are times bearish market last for more than a year. But as I've mentioned, nothing is consistent and constant. It could be longer at the present but it could also be shorter .

Knowing that no one has assurance of the possible time for uprise, you as an investor may decide whether to use yhis opportunity to invest for more or sell due to necessity. Eitherway would be valid because that is your investment in the first place.

sunsilk

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Every year, there are always those events that come to the market and community and we're in awe for the good ones and in disappointment for the hacks.

Next year, I am pretty sure that we'll see some of those news again and what they'll look like or might even worse from those events that has happened. It's going to be another roller coaster ride for sure.

decodx

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It has been a wild ride, but the year is almost at its close. The market has shed billions in valuation and it's highly unlikely that things will go back to their 2021 highs anytime soon. Let's just hope 2022 goes down as the worst year for crypto for many years to come. And hopefully, we can all look back on 2022 as the year that forced positive change to occur, regardless of how scary the headlines were at the time. Oh, and if you're planning on contributing to the next wave of negative news: please don't!

All joking aside, it's nice to see a fairly accurate recap of the biggest news of the year in the space.

coupable

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In the same year, many incidents occurred that affected the field of crypto more than what happened in previous years. For example, Meta Corporation announced the launch of the Metaverse project, and then recently it was announced that Instagram will support the Polygon network for NFT services, Twitter supports the Lightning Network and Ethereum for sending TIPS, and then Alon Mask, which supports Dodge Coin, buys the Twitter platform.
It has been an eventful year that Bitcoin has reached record levels that no one would have imagined going down.

goaldigger

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Quote from: DVlog on November 13, 2022, 04:43:38 PM

2022 isn't ended. We could see more exchange involved. Crypto.com and Gate.io are doing internal transactions to show their proof of reserve. Many users withdraw their funds in a rush from those exchanges.

Because of the rumors circulating online that these exchanges might be the next one to be failed, many are panicking and getting their money out of those exchanges which I think should be done in the first place since storing money on exchanges is not advisable at all. Learn from what happened in the past, and don’t do the same mistake again. Few more days before the end of 2022, worst trend might still happen so be ready for that and as much as possible, store your crypto in a more secured wallet which you can access anytime.

Topic: 2022 has been one of the most significant eventful years of crypto history. (Read 162 times)