Topic: Bitcoin may not experience blood bath - page 5. (Read 813 times)

We only had small market corrections in 2017. We had a big market crash in 2018. The later which you are thinking of is irrelevant here because there is no bubble like 2017 to cause such a crash in 2018.

The altcoin market blood bath has nothing to do with bitcoin. They mainly get dumped because they are useless and their crashes is usually north of 90%.

Statement from random people can never cause a "trend" in any direction no matter who they are. They can only cause small term market activity that are insignificant.

I think we have a pretty good idea how involved they are in bitcoin.

It depends on how you define maturity. I personally consider maturity of bitcoin to be achieved when we reach mass adoption and price stabilizes. Clearly we are far from mass adoption and price is still very volatile so no it is not mature yet.

Bitcoin has never experienced a blood bath and it is not starting now.

441 times or more than 441 times, Bitcoin is in bloodbath but it does not die. I don't naively say that all people in market will be fine as same as Bitcoin. Because the market is a zero sum game so Bitcoin and capital will flow from pockets, wallets of winners to losers. There will be people get better with each bloodbath and in the same time, there will be people get killed, lost money by the market.

Blood bath is short term movement of market but it does not affect long term trend of Bitcoin. If you keep your Bitcoin safely, from hackers, from market crash, from liquidations, you will be fine and more than that, get richer.

https://99bitcoins.com/bitcoin-obituaries/

Quite possibly! Bitcoin has started a revolution in the digital finance market. It is possible that IMF has started taking notice of the market and realizing its potential.


It's in the process of maturing. But bitcoin is still at a very nascent stage when it comes to mainstream adoption. The first ever parameter to mature is to see a price stabilization. Bitcoin is extremely volatile which makes it a great speculative asset but a bad currency.


I don't think so! Because people are more intelligent than you think. People are buying at every dip so the price is seeing a strong resistance at 40k. But if bitcoin brakes 40k level, then we might see a blood bath but that is unlikely to go to the similar level like 2017.

I belong to the group of people who are seeing that although there can be a big correction in the price of Bitcoin to happen in the first quarter of this year, it would be not on the same level as in previous years. Eventually, the correction period can be shorter and Bitcoin will stand strong and be ready for upward growth soon. This correction has become shopping time for many whales and institutional buyers and they continue to accumulate as many Bitcoin as they can with the expectation for more profits soon. we have to remember that the crypto market these days can be so different than in 2018 the time when crypto winter became so evident.

Yea.. I used to have the same opinion that we wouldn't have 2018-levels of corrections because of how different the space is today. But now that most people seem to have the same opinion, I'm having doubts. Most of the time, things go "wrong" when people get overly bullish; like in this case.

1. the IMF didnt say bitcoin/crypto is mature and grownup.... cointelegraph had, but refering to a IMF report where the IMF was worried still of the volatility and risks of crypto/bitcoin
no where in the referenced report does it say "mature" or "grown up"
the IMF is still risk adverse about crypto/bitcoin, especially how they tried to sway el salvador against accepting bitcoin as legal tender. in short the IMF is still not pro-bitcoin, its just aware of it
https://cointelegraph.com/news/imf-bitcoin-matured-to-an-integral-part-of-digital-asset-revolution
ref: https://www.imf.org/en/Publications/global-financial-stability-notes/Issues/2022/01/10/Cryptic-Connections-511776


2. IMF didnt say bitcoin was matured, mature, grown up (see above)

3. there has never been a blood bath market. when prices go down. thats discount. . or are you talking about a sharp rise in people rushing to buy cheaper coin as a "blood bath"

A lot of good things are happening lately within the Bitcoin ecosystem which belief would give Bitcoin the potential to not experience huge market correction just like we see in the year 2017 and in previous years of cryptocurrency market blood bath.

Despite most people in the crypto community believing Bitcoin is yet to be well equipped to be mainstream payment but the IMF and Jack (the former CEO of Twitter) makes a bullish statement today which I believe trigger the green trend we see in the market because some people are already dumping their bag when the BTC market downtrend to $41K price range with the hope that the previous market correction that happened in the year 2017 want to replicate itself.
What did IMF and Jack do that I believe help the market?

1) IMF said "Crypto is all grown up" and "Bitcoin mature to an integral part of digital asset revolution"
2) Jack with the help of Alex Morcos and Martin White created a Bitcoin legal defense fund to help Dev regarding their Bitcoin activities. This fund will give Dev the needed liberation to develop the Bitcoin ecosystem and this is the reason why I believe things will totally change for Bitcoin and we can see more countries legalizing Bitcoin as El Salvador President predicted. Below is the noted writing by them.


 The question is.
1 Could it be that the IMF Boss and team with the inclusion of Jack etc are into Bitcoin more than we think?
2 Is Bitcoin mature as the IMF said? If not, what do you think Bitcoin needs before it will be mature to a complete stage?
3 Is it possible that Bitcoin will experience another blood bath market?