Bitcoin Bloody Year 2022 coming to End - page 5.

Lillominato89

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Quote from: LDL on December 11, 2022, 06:29:17 PM

Bitcoin is about to go through a bloody year. A number of unexpected events have prevented the Bitcoin market from ever moving upward this year. Dozens of unexpected events have struck fear into the minds of investors. Starting with investors, governments and central banks have taken a cautious stance on Bitcoin. So we are almost at the end of this unexpected year.

Some Bloody Events 2022 & Funds Exploits

Mango Exploit : $114-115M
Wintermute Hack: $160M
Beanstalk Farm Hack: $180M
Nomad Bridge Hack: $190M
WormHole Hack: $320M
Ronin Hack: $600M
Voyager : $3.75b
BlockFi: $4.5b
Celsius: $4.5b
Genesis Bankrupt: $5b
3AC implosions: $18b
Luna/UST crashed: $40b
FTX and Alameda Crashed: $40b+

The above shameful scam has completely negative impact on the Bitcoin market in 2022. We all hope that such incidents do not happen in cryptocurrencies in the coming years.

the good news is that this 2022 is coming to an end, but will it also take away all these problems? this will have to be checked! there have always been scams and there will always be, the important thing is that the whole community does not dissolve and continues on its way, I add that even events outside of hacks and scams of Cex and platforms there are macroscopic events such as war in Ukraine, skyrocketing global inflation and many other problems

Nrcewker

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OP why you treating this year as the worst year? I mean you should see the positive side of this also. I mean due to these scams and incidents, Bitcoin’s price fell down, and many new investors joined and bought Bitcoins at cheap price. This year might not be good for you, but you can’t say about the rest of the people same too. Moreover incidents and accidents all are done suddenly out of nowhere. So yes I am also praying that new year brings new price set for Bitcoins.

Twentyonepaylots

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Quote from: Yatsan on December 12, 2022, 07:26:39 AM

Indeed, many thing happened this year; from values breaking barriers and 'celings' to a deep downfall. At the present, recovery still is a struggle for this industry and no one knows when will the market in general go up again. For now it is either holding, or investing more, are the best options to do if you are an investor. For those who are planning to engage with this industry, be sure to gauge your capabilities and circumstances because no assurance still whether the market price would be able to recover early next year, with that, you have to endure the market situation.

The market will start greening once there will be new interesting projects around. What I think, what happened to the market is that we forgot how it works we hold onto something that we know at first is not a stabilize one and so we keep a yearly discussion about it lol. It goes high and low ( lowest ) name your analysis, name what tools you use, market will behave like it was 10 years ago but on a bigger scale. The only advice I can give is LEARN, learn the cycle, make the mistakes and timing more relevant.

cheezcarls

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I am not sure of it though. Despite that we all want it to end, but the market is still in uncertainty. Anything could happen in an instant without warning whether if it’s bearish or bullish. We still have 20 days remaining before the year ends, so these 20 days are gonna be interesting on where will the crypto market actually end up.

And the bearish period won’t stop there and it will never disappear. But those who have shorted the market are rejoicing with good timing as well in futures trading. As we are gonna wait for a future bull market, there will always be bears in the end.

Yatsan

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Indeed, many thing happened this year; from values breaking barriers and 'celings' to a deep downfall. At the present, recovery still is a struggle for this industry and no one knows when will the market in general go up again. For now it is either holding, or investing more, are the best options to do if you are an investor. For those who are planning to engage with this industry, be sure to gauge your capabilities and circumstances because no assurance still whether the market price would be able to recover early next year, with that, you have to endure the market situation.

Quote from: Fullcoinese on December 12, 2022, 07:17:51 AM

Quote from: LDL on December 11, 2022, 06:29:17 PM

The above shameful scam has completely negative impact on the Bitcoin market in 2022. We all hope that such incidents do not happen in cryptocurrencies in the coming years.

everyone must expect the best. but along the way, there will always be someone who acts as the antagonist. where similar scams will occur again once the Bitcoin market recovers. maybe not the same, but with the new scheme, they came to the market to make a splash. and again, every certain period we can see the same situation.

Antagonist? I'd say realistic 'coz there will always a possibility to do so. Thus, investors should be more cautious of their actions especially when it comes on investment.

Fullcoinese

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Quote from: LDL on December 11, 2022, 06:29:17 PM

The above shameful scam has completely negative impact on the Bitcoin market in 2022. We all hope that such incidents do not happen in cryptocurrencies in the coming years.

everyone must expect the best. but along the way, there will always be someone who acts as the antagonist. where similar scams will occur again once the Bitcoin market recovers. maybe not the same, but with the new scheme, they came to the market to make a splash. and again, every certain period we can see the same situation.

Warkop

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Quote from: slaman29 on December 12, 2022, 01:56:02 AM

Quote from: davis196 on December 12, 2022, 01:42:27 AM

Quote

Bitcoin is about to go through a bloody year. A number of unexpected events have prevented the Bitcoin market from ever moving upward this year. Dozens of unexpected events have struck fear into the minds of investors. Starting with investors, governments and central banks have taken a cautious stance on Bitcoin. So we are almost at the end of this unexpected year.

The Bitcoin price crashing after an ATH? Is this unexpected? What about 2014 and 2018? Bitcoin is cyclic and witnessing a price crash/bear market after an ATH/bull run should NOT be considered as unexpected.
A bunch of crypto scams going bankrupt is unexpected? Well, nobody knows when such crypto scams are going to implode, but the smart people know that it's going to happen sooner or later. I would consider this to be partially unexpected.
Nobody knows when a crypto exchange will be hacked, but it's not rocket science to predict that most centralized services will be facing a big security breach sooner or later.

Exactly! Anyone who claims to be looking into Bitcoin because of the history hasn't really paid attention. The last bull run actually lasted over a year, which was longer than any of the other bull runs if you think about price just making new highs all the way to ATH.

What were we expecting, that it would continue going up and up?

Anyone who looked at the cycle should have expected this year Wink

True, but it takes a few months when this year ends from the cycle difficulties that happened this year, the worst was in 2018 ago and this year in my opinion, because bitcoin growth has really fallen from all estimates, will this cycle continue in the future continues, because this year coincided with a recession the world economy also declined.

Ziskinberg

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2022 isn't looking great but actually, this year gives us a lot of learnings as well.
- using an exchange wallet as a storage wallet
- trusting stablecoins

I hope there is nothing happens like this ( big exchange scam) next year. But then, I'd expect the bear season will not end this year as it probably continue next year. I could just think about the 2018-2020 bear season, I'm afraid this will happen again, and just see the market change when halving comes.

Haunebu

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These kind of events are pretty common in the crypto world, but they still surprise many investors from time to time for various reasons. FTX and LUNA-UST collapse were the biggest debacles this year and hurt the crypto economy badly.

Such events will never completely stop, but I hope they will decrease over time slowly and steadily.

hyudien

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In fact, it was the fraudulent project that failed, while Bitcoin stayed on track and didn't deviate at all. Bitcoin will still provide a promising investment alternative during bear markets to get you to take more. There are thousands of projects out there that didn't live up to their promises and have walked away with millions of dollars including exchanges. But has Bitcoin fallen off investors' radar and reach? of course not, because what investors have lost and left behind are centralized projects with control of certain people. That's why Bitcoin will always survive even though the price is now below $20K, Bitcoin will recover leaving the disbelief behind. Long term investment in Bitcoin has been proven to date.

Z-tight

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Quote from: Kingodril on December 12, 2022, 01:10:29 AM

Most of the investors lost their fund in this bloody year. It affected the whole market. crash crash and crash is continuing one by one. These bloody hacks and failure of the projects causes big dump in the market. FTX & LUNA collapse was very much unexpected. So now we can wait only to see market recovery.

Learn to expect it, centralized exchanges are not safe for you to store your money, liquidity problems can happen at anytime. When your money is in a centralized exchange, it is owned by the exchange and what they do with it will determine whether you would ever get your money back or not, if they make a bad investment with it and cause a collapse of their exchange, then your money is gone, if there is a poor security system and they are hacked, or it is an inside job, your money is still gone, so apart from the privacy risks with centralized exchanges, always expect the possibility of loss of money if you use their wallet to store it.

yhiaali3

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We have a popular proverb in my country: "What does not break the back makes it stronger."

It can be said that this is what happened in the crypto market, all these bloody strikes could not break Bitcoin, but rather made it stronger, because people finally learned that there is nothing reliable except Bitcoin, and they also learned that "not your keys are not your coins."
They also learned that everything that goes up quickly will fall down just as fast.

People no longer trust all these centralized platforms and fraudulent projects that suddenly appear in the market, I said it before and I say it now let the market clean itself up until we get rid of all this rubbish.

Yes, it has been a really bloody year for Crypto, but I am optimistic that the best awaits us in the coming years.

michellee

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Just relax and not panic. Even if the next year, the bloody still stays in the market, we do not have to give up because behind the bloody market, there will be a new hope for us to see the market will arise. You just need to be patient, hold on tight to your bitcoin and not panic like others so you can get back to profit again. If you are already at the crypto from a few years ago, you understand the meaning of patience and waiting for the next increase because that will come soon.

Tommiewill

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We have accumulated a lot of experience this year. Because of the arrival of winter, many places use more natural gas, which may affect Bitcoin. The second half of next year may usher in a year of rising prices.
Even if there are new coins, their technology should become stronger, and they won't be declared dead like many coins this year. Even if it doesn't get better all at once, I hope that next year will be a year of gradual improvement.

jossiel

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Quote from: 1miau on December 11, 2022, 07:02:57 PM

Quote from: jossiel on December 11, 2022, 06:46:20 PM

But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.

Exactly, there have been tons of scams / fails and there will be more scams / fails for sure.
But is Bitcoin failed due to such scams / fails? No, Bitcoin is still working and I'm confident it'll stay like that.

Sometimes, we'll have more scams and the BTC price will go down, sometimes we'll have less scams, resulting in a rising BTC price.
Just take Mt. Gox as an example. It might have resulted in a declining Bitcoin price but the overall Crypto market came out stronger because people learned an important lessen: not your keys, not your coins.
And sometimes people even need to learn twice as FTX has shown. Cheesy

Yeah, there's so much to learn from all of those happenings. From fiascos from exchanges to scams and hacks. But one thing for sure, bitcoin has remained strong while they're all focus to those events.

Sad to see a lot have to learn the expensive way for them to stop trusting exchanges with their funds.

Quote from: LDL on December 11, 2022, 08:14:41 PM

Quote from: jossiel on December 11, 2022, 06:46:20 PM

But I doubt it that they're the last ones that we'll see

Some unintended events have gone on in ways that we have never properly observed. For example, FTX and Luna Crashed this year, the rest were not so terrible as to be worth noting. Below are the full details of the events.

Mango Exploit: www.coindesk.com
Wintermute Hack: www.cointelegraph.com
Beanstalk Farm Hack: decrypt.co
Nomad Bridge Hack: coinbase
WormHole Hack: investodepia.com
Ronin bridge Hack: cointelegraph.com
Voyager Accounts Holders hacked: Bloomberg.com
BlockFi Hacked: cointelegraph.com
Celsius Bankruptcy: www.latimes.com
3AC Crashed: boxmining.com
Luna/UST crashed: www.forbes.com
FTX crashed: cbsnews.com

NB:There are hundreds of news stories for these events out of which one or two are used as news source.

Thanks for listing them out but sure that they won't be the last that will exist in our community. I'm not negative into thinking that there will be more soon and we have to be aware of it.

But, I'm just telling the truth.

Quote from: qwertyup23 on December 11, 2022, 09:40:11 PM

Quote from: jossiel on December 11, 2022, 06:46:20 PM

Well, that's the good thing about this year and it's about to end and we'll just leave all of those fiascos for this year.

But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.

Overall the lessons are just the same on how we're going to keep it.

I just hope that the year 2023 would be a positive year for cryptocurrencies. The more that it is becoming popular around the globe, the more scams and hacks were being attempted in the last several months. I guess we should take advantage while the price is this low- the fact that it reached a peaked $60,000 means that there is the potential of it recovering again at that price.

With all being said, I guess the smartest move to make is to HODL for the meantime and sell at a convenient price. Praying that 2023 blesses everyone with good fortune and returns all around!

We're all hoping that by that year, it will be like the start of the recovery period of bitcoin until the next and after the halving.

Elena_Rodriguez

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The price, which is close to its one-month high of about $17,980, has given rise to speculations that BTC may be headed back up to $19,000 price levels. There are only two weeks left for the $20,000 level, so once the monthly pivot has been added to the bull camp, expect $19,036 to be the next target for the following week.

Quote

Earlier analyst of Coinpedia projected bitcoin price prediction for 2023 as bullish to reach $23,218.00. Also I feel the halving event set in 2024 will boost the BTC.

Will Bitcoin Price Target the $20k level Soon in 2023 start?

News source and reference - https://coinpedia.org/price-prediction/bitcoin-price-prediction/

slaman29

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Quote from: davis196 on December 12, 2022, 01:42:27 AM

Quote

Bitcoin is about to go through a bloody year. A number of unexpected events have prevented the Bitcoin market from ever moving upward this year. Dozens of unexpected events have struck fear into the minds of investors. Starting with investors, governments and central banks have taken a cautious stance on Bitcoin. So we are almost at the end of this unexpected year.

The Bitcoin price crashing after an ATH? Is this unexpected? What about 2014 and 2018? Bitcoin is cyclic and witnessing a price crash/bear market after an ATH/bull run should NOT be considered as unexpected.
A bunch of crypto scams going bankrupt is unexpected? Well, nobody knows when such crypto scams are going to implode, but the smart people know that it's going to happen sooner or later. I would consider this to be partially unexpected.
Nobody knows when a crypto exchange will be hacked, but it's not rocket science to predict that most centralized services will be facing a big security breach sooner or later.

Exactly! Anyone who claims to be looking into Bitcoin because of the history hasn't really paid attention. The last bull run actually lasted over a year, which was longer than any of the other bull runs if you think about price just making new highs all the way to ATH.

What were we expecting, that it would continue going up and up?

Anyone who looked at the cycle should have expected this year Wink

BATHES

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Quote from: DapanasFruit on December 11, 2022, 10:50:21 PM

Well, time moves on and hopefully by the end of 2022 we also are going to see a better year in 2023. Though am guaranteeing that nothing will stop from platforms from getting hacked - including self-hacked meaning operated from within - which will always mean that people are losing money and nothing can save them from it for now. This year will be marked as one of the big red year due to so many negative developments...capped by the FTX and Sam Bankman Fried saga, no less. Will 2023 be different? I am hoping so.

It is really rare to experience these things. Our life is limited. Let us go through several bull and bear markets. Too many things really happened in this bear market. I think it is too exciting. Every time my assets lose a lot, I think, I This kind of people without investment talent, it is very difficult to get something if they don’t suffer losses in the bear market. Just spend money to buy experience.

davis196

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Quote

Bitcoin is about to go through a bloody year. A number of unexpected events have prevented the Bitcoin market from ever moving upward this year. Dozens of unexpected events have struck fear into the minds of investors. Starting with investors, governments and central banks have taken a cautious stance on Bitcoin. So we are almost at the end of this unexpected year.

The Bitcoin price crashing after an ATH? Is this unexpected? What about 2014 and 2018? Bitcoin is cyclic and witnessing a price crash/bear market after an ATH/bull run should NOT be considered as unexpected.
A bunch of crypto scams going bankrupt is unexpected? Well, nobody knows when such crypto scams are going to implode, but the smart people know that it's going to happen sooner or later. I would consider this to be partially unexpected.
Nobody knows when a crypto exchange will be hacked, but it's not rocket science to predict that most centralized services will be facing a big security breach sooner or later.

lovesmayfamilis

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Yes, this year is coming to an end, and all the events that took place this year will be another chapter in the existence of cryptocurrencies. But nothing has changed for bitcoin. Its volatility was not a revelation this year. The people themselves, who in one way or another are related to bitcoin, have changed. Trust in centralized exchanges has gone into the negative, and this can be considered a plus for the very idea of bitcoin. As a result, those who are committed to bitcoin and understand its full value stick with it.
But as happens regularly, those who turn their backs on it today can very quickly change their minds once the market starts to turn.

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