Topic: Bitcoin Bloody Year 2022 coming to End - page 6. (Read 1055 times)
My opinion to create an ideal cryptocurrency market, including security and stability. It's all determined by us, whether we accept it or not, welcome new changes or reject them. In this cryptocurrency world, the most important thing is to stay rational and stay calm even though small ripples are bound to exist such as the influence of bad news and many other negative things.
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.
Quote from: LDL
I don't think, such thing will repeat itself again in cryptocurrencies next year, because many investors nearly give up on this current price of cryptocurrency hoping that the price will not pass two months before it will pump higher for investors to receive huge amount of profits but till now the price is still low in the market. I think, next year will be more better than this year because there will be massive pumping starting from January till October next year to allow investors to recover from their losses they had experienced from this year 2022.
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.
Read what you have written, come on. People are supposed to have learned that lesson?
And sometimes people even need to learn twice as FTX has shown. 
Or three or four times. With so many people paying for everything with their cell phones and advocating for the disappearance of cash, don't think many people care about having your private keys. This forum is not representative in this regard. With 22,000 cryptos today, what matters to most people is to make a killing, not to contribute to create an alternative P2P economic system.
What I see as good about this thread is that it is difficult for next year to be worse than this one. Not impossible but I see it difficult, so I hope we will get better.
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.
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.
That's a pretty nice summary of Bitcoin 2022 - the "bloody side" that is.
I wasn't even aware of half of the hacks ("hacks"
).The big question to me seems: Will the behaviour of people using Bitcoin (or other crypto) change for the better?
Tbh I have my doubts. Sure, short-term especially the ones that have been burned will take better care of their keys etc.
In the great-scheme of things, with all the mainstream-media-attention that the FTX fkup is getting, this may help to increase general awareness for good Bitcoin-security-practice. I will be suprised however, if something similar like FTX or LUNA does *not* happen within the next 3 - 5 years of crypto history.
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.
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!
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The bad things that happened in crypto will not be the last because we will see that again in the future. We can only hope we can survive the other bad news and can use that moment for our benefit.
We should be careful when we decide so we can avoid bad news impact on us. But there will still be hope for us to see crypto will be better than before and all bad news will only be there for a while.
We should be careful when we decide so we can avoid bad news impact on us. But there will still be hope for us to see crypto will be better than before and all bad news will only be there for a while.
All those events are related to private companies that use Bitcoin.
Bitcoin itself is actually better than ever. Here are some examples that come to mind:
- The Central African Republic adopted Bitcoin as a legal tender
- The network hash-rate is at an ATH
- Intel released their first ASIC miners
- Lightning has been increasingly adopted worldwide
Bitcoin itself is actually better than ever. Here are some examples that come to mind:
- The Central African Republic adopted Bitcoin as a legal tender
- The network hash-rate is at an ATH
- Intel released their first ASIC miners
- Lightning has been increasingly adopted worldwide
While I can agree this year has had some positive events as well (sadly they are outnumbered by those notable negative ones). I still have my doubts on the adoption of Bitcoin by the Central African Republic, perhaps it is because it is not a case which has had so much attention as El Salvador, because I have not heard anything from there; not mining plans, plans to build a Bitcoin Treasury, wallets for the population, etc.
Last thing I remember was the document itself about Bitcoin and the choice of that country to adopt it.
Those collapses are more related to altcoins, DeFi, NFT, bridges, scam stable coins and tokenized Bitcoin (not Bitcoin). They are not Bitcoin or transactions on Bitcoin blockchain.
Bitcoin is not responsible for their collapses because these projects were built on sand with very weak infrastructures under the ground. Sooner or later, they will collapse, if not in 2022 bear market, they will collapse later in future bear markets.
Happily to have a cleaner market now because some big scam projects have passed away.
Bitcoin is not responsible for their collapses because these projects were built on sand with very weak infrastructures under the ground. Sooner or later, they will collapse, if not in 2022 bear market, they will collapse later in future bear markets.
Happily to have a cleaner market now because some big scam projects have passed away.
What's the correlation between those centralized entity to decentralized currency? Although they're hold a lot Bitcoin, but they can't control Bitcoin price! The reason why Bitcoin price is decrease and many people speculate it could go lower, this because there's a global recession and it will become worst in the next year. Satoshi's aim to create Bitcoin is to eliminating third party control, if you're hold on your non custodial wallet, you wouldn't loss anything.
(....)
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.
I believe that there are some advantages and disadvantages to what happened right now in the cryptocurrency space and all those huge losses too.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.
For me, cycles like the bull market and the bear market got this part where there are loses or scam that came out even last before the bear market in 2018 when a lot of projects turned into scams or some Ponzi schemes exploded as the bear market commence.
So for now, it's another level and the number is huge compared to before. For me, this is just a part, the market is cleaning up the market itself.
We can look at it that way but there are just retailers that also lost a lot of money which they can assume was stolen from them because of these bloody events. These bloody events as well are somehow not very coincident.
Investors can only look at this bear market to be an opportunity to make millions when they have money but for those who have lost because of these scams, it is a horrible nightmare. Not very sure if this is about to end actually.
(....)
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.
I believe that there are some advantages and disadvantages to what happened right now in the cryptocurrency space and all those huge losses too.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.
For me, cycles like the bull market and the bear market got this part where there are loses or scam that came out even last before the bear market in 2018 when a lot of projects turned into scams or some Ponzi schemes exploded as the bear market commence.
So for now, it's another level and the number is huge compared to before. For me, this is just a part, the market is cleaning up the market itself.
Not to mention the bad events happening outside the crypto market as well. Overall, 2022 is a better year than the lockdown year but it is not really a great one.
Despite all the mentioned incidents in the OP though, Bitcoin remained resilient with its price holding on above $15,000. Isn't it amazing to think that Bitcoin's bloody year means its price will have to fall to $17,000?
That's a lot better than its bloody years in the past. And this has already priced in the failure of the giant FTX and other big platforms. So despite a low price in the end of 2022, it has actually grown stronger.
Despite all the mentioned incidents in the OP though, Bitcoin remained resilient with its price holding on above $15,000. Isn't it amazing to think that Bitcoin's bloody year means its price will have to fall to $17,000?
That's a lot better than its bloody years in the past. And this has already priced in the failure of the giant FTX and other big platforms. So despite a low price in the end of 2022, it has actually grown stronger.
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.
All those events are related to private companies that use Bitcoin.
Bitcoin itself is actually better than ever. Here are some examples that come to mind:
- The Central African Republic adopted Bitcoin as a legal tender
- The network hash-rate is at an ATH
- Intel released their first ASIC miners
- Lightning has been increasingly adopted worldwide
Bitcoin itself is actually better than ever. Here are some examples that come to mind:
- The Central African Republic adopted Bitcoin as a legal tender
- The network hash-rate is at an ATH
- Intel released their first ASIC miners
- Lightning has been increasingly adopted worldwide
We all hope that such incidents do not happen in cryptocurrencies in the coming years.
many people learned from these incidents, from that incident everyone became more careful, and the blockchain company also became very transparent, so there is no lie.without us realizing this incident, has become an important experience and lesson for investors, so that they are more careful in investing.
I don't think that such incidents will happen much in the coming year, because people will definitely be hard to fool, and people will definitely not forget the events of this year.
I hope that in the future there will be no more such scams or tragedies.
i dont believe in history supposedly repeats itself.
but 2022 has felt like 2014 re-run
everything from the mid point of a halving cycle
the previous year being a ATH
exchanges failing year..
if things were to repeat itself we will see stagflation for about 2 years
but 2022 has felt like 2014 re-run
everything from the mid point of a halving cycle
the previous year being a ATH
exchanges failing year..
if things were to repeat itself we will see stagflation for about 2 years
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.
https://i.imgur.com/uLcbr5Q.jpg
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.
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.
Unexpected! You really expected Ponzi schemes classified as Defi's with too good to be true high APY's to last for years? People never learn.
Secondly, a bitcoin market always corrects after smashing through to an all-time high. This is not new.
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.
Nothing new except that people are still so foolish enough to keep their money with Ponzi schemes Jump to: