Topic: Bitcoin always fight back - page 5. (Read 656 times)

The Russian war had nothing to do with bitcoin dropping to $15K. The Russian war had the biggest impact on price of oil and Russian currency. The reason why it fell to $15K was due to the FTX scandal.

FTX was #2 largest exchange in terms of volume and the SBF owner was trusted by many individuals, so when it went bust, trust was lost in the community. And hence it had a huge dump to $15K.

BTC and ETH held up pretty well. Look at other coins such as SOL which basically lost a significant amount of value. It wasn't a good time for crypto but we all survived.

If there was much hope when Bitcoin was in its earliest days, there's much more now when Bitcoin has already earned the trust of many across the world. Bitcoin is so much stronger now. If all those efforts to kill Bitcoin were all big failures in the past when Bitcoin was still unknown, further efforts against it when it has already grown much more formidable will all be nothing. If we go back to what Bitcoin has gone through in the past to arrive at what it is today, I don't think somebody reasonable would worry about its future.

Certainly one of the best things that we can hand them as inheritance but it's also good if you're able to sell at the peak or high price and then buy them other fulfilling assets like land properties which they don't have to deal with such volatilities. Not really a problem if we hand them over one bitcoin or a few of them as the value grows higher over time. But as we take the risk for now, we don't know if our children will be able to handle the risk that it has. They're unlike us but who knows if they'll be able to show or inherit as well the risk management that we've got.

No doubt that it's here to stay and about being the future money, it's like one of the common beliefs that I've had when I was new but it'll change over the period of time and as years pass by. But we're on the same belief that it's certainly here to stay and not just about it as future money but as a great store of value.

Among other cryptocurency existing, Bitcoin is the most trusted and securest to invest into because it has proven severely why it's the coin to depend on as you can be guarantee that your investment isn't going to be wasted unlike when you invest into altcoin that there future aren't guarantee as they mostly get pumped and dumped. Bitcoin has a four year price cycle as after every bear market, it's design to increase back in valued after Bitcoin halving so if when you invest during the bear season of the market, you can be guaranteed profits in the bullish season. Bitcoin price can't stay bearish forever as the price will always find its way back up after sometime of bearishness.


We're at the early stages of Bitcoin adoption and possible seeings the cheaper price one Bitcoin will be worth so now is the best time to accumulate bitcoin not just for ourselves but for our bloodline because in the future when Bitcoin will be more valuable and acceptable, it would be of great regret if we didn't Invest in Bitcoin as we missed out on a life time opportunity of profits, investing in Bitcoin will be giving in the future. Bitcoin is going to be around for a long time and will reward those who'll have patience to invest and hold.

It wasn't just Ukraine-Russian war that led to drop in the price of Bitcoin in 2022 to levels below $16k but there were other factors involved as well. One of the worst event that led to sudden drop of Bitcoin in 2022 was depegging of TerraUSD and and sudden price drop of Terra Luna due to over supply. That useless coin created fear in the minds of the investors and the rest was done by the so-called influencers who were just there to make money out of the ad revenue from YouTube and promoted fake news about crypto world.

Another worse event that caused Bitcoin price to get dump was the failure of Celsius network due to bankruptcy. That company lent a lot of money to investors and suddenly when it went bankrupt the crypto-market has seen another huge dump.

The final value drop of Bitcoin was done because of that so-called centralized exchange FTX which caused the Bitcoin value to go below $16k levels. People were very happy with the FTX exchange and they have deposited a lot of their Bitcoin and other crypto-currencies into the wallets of that exchange. When that exchange went bankrupt all of the users lost their money and that caused the worst fear in the crypto market.

The Bitcoin enthusiasts found opportunity to accumulate more and more Bitcoin during those events and most of them are still holding their Bitcoin in hope that in 2024-2025 Bitcoin will have another ATH and then some of those enthusiasts may sell few of their Bitcoin and wait for another bull run in order to accumulate more Bitcoin.

I admire your passion for Bitcoin, being persistent with your coins and investments, and not being disappointed during the bear market; that's important, but I'll have to disappoint you regarding the SEC you mentioned. I'm guessing you're referring to the incident against Binance.US a few months ago, which did put a decent dent on the market. However, the lawsuit didn't include Bitcoin; it was after a large number of altcoins and tokens that were labeled as securities, which also included BNB, Ripple, Dash, and plenty of others. Bitcoin was never mentioned as a security or a liability. So yeah, the government is yet to go against Bitcoin, nor does it claim it as a security.

It is known that the Bitcoin market has the capability to recover.  We have seen it on the Bitcoin history chart that whenever the price of Bitcoin plummets, Bitcoin comes back with a rally of its own surpassing the recent all-time high and even recording a series of ATH-breaking events.

Aside from that, the adoption of Bitcoin is unstoppable even if the government bans Bitcoin, its citizens keep on engaging with Bitcoin making the government give in and accept it with some regulation being implemented.

Good to know that your Bitcoin investments are doing well, congrats on that, i'll say the same to myself too, as mine brings me joy as well but it's important to know that crypto market is very unpredictable and is bound to face challenges in the future as well. so there are no 100% guarantees of anything that will happen in the nearest or far future, therefore my advise to everyone is we should all tread carefully and trade wisely.

The BTC network is secure, but the BTC's people store in their wallets locally isn't secure by default, the users have to secure their wallets themselves by using airgapped or hardware wallets and providing secure backups of their recovery phrase, etc.
Talking about the sec, i guess you mean the delay in approving BTC spot etf's, and their regulation of crypto exchanges, take note that the BTC network is secure and decentralized and no institution can control or have any effect on the network in itself, they can only make policies or decisions that can influence the price of BTC.

When I think of the few Bitcoin I have, it gives me joy.

For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security, even last year February when i was just a few month old in experience, when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse.

All In all,
All what Bitcoin have been through from the hand SEC, government and external issues that affected it,
It still stands strong,
 one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money