Topic: CRYPTO CRASH (Read 754 times)
Crypto Crash is a common thing at any time, the market is always difficult to guess so that it makes us have to be vigilant, but there is a positive side when the market crash is a good opportunity to buy more and at a low price, the best opportunity to buy is difficult to repeat again so do not miss the opportunity to buy immediately.
It is incorrect to blame CZ over this, social media is full of useless and emotional rants without facts behind them, it should be obvious that CZ backed out of his offer to buy FTX at first because he could, as he was not legally bound to buy FTX, but even more importantly he only needed to take a look at their books for a few hours to know there was no way to save the situation.
And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.
I agree, i started by blaming him, but that was before i knew how bad things were. And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.
But i am pretty sure that cz will be extra careful with wording next time he wants to hint that there something shady going on. Reporting these issues to officials rather then with twitter. I mean he could probably get tether in liquidity crunch mode (temporary) with just one tweet as not everything in there are going to be instantly liquid.
It is incorrect to blame CZ over this, social media is full of useless and emotional rants without facts behind them, it should be obvious that CZ backed out of his offer to buy FTX at first because he could, as he was not legally bound to buy FTX, but even more importantly he only needed to take a look at their books for a few hours to know there was no way to save the situation.
And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.
I agree, i started by blaming him, but that was before i knew how bad things were. And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.
But i am pretty sure that cz will be extra careful with wording next time he wants to hint that there something shady going on. Reporting these issues to officials rather then with twitter. I mean he could probably get tether in liquidity crunch mode (temporary) with just one tweet as not everything in there are going to be instantly liquid.
Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.
I think it's more of social media pointing at CZ somewhat and blame him for the collapse.He was supposed to be the savior, until he balk on the last minute maybe he has his own reasons to get out of the deal. And then again, there are personalities who interpret this wrongly to cause panic and so the price nose dived and up to now, we are still way below our psychological support of $20k.
Nevertheless it's not the end of it, crypto is going to stay despite the FUDs and what is going on with the ecosystem.
And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.
Getting your point and adding my opinion about FTX case, CZ is not an ordinary businessman he understand the structure, and he knows if he will benefit from the business that he will be buying, FTX is on the hot position and taking step to takeover might not be good for CZ's business as if things like this happen and he already own and run the business it will reflect and possible to bring negative impact to his other business.
He just did what he thinks is right, not buying or continuing the negotiations as FTX is no longer capable of surviving.
Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.
I think it's more of social media pointing at CZ somewhat and blame him for the collapse.He was supposed to be the savior, until he balk on the last minute maybe he has his own reasons to get out of the deal. And then again, there are personalities who interpret this wrongly to cause panic and so the price nose dived and up to now, we are still way below our psychological support of $20k.
Nevertheless it's not the end of it, crypto is going to stay despite the FUDs and what is going on with the ecosystem.
And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.
When the market is bear, you need to hold the coin with some patience. Panic selling is not a good one all the time. Every dump is just to stable the price of trusted coin like bitcoin. In that time we can hold the trusted coin for longer period or buy some good coins at the fud. In the crypto crash, don’t do the future trading. Because future trade is risk at the in stable market. When I had started of future trade, it excited me like the gambling. But they also allow me to add many dollars at every stage like the gambling. The future trading will take all dollars, when the liquidity was ended and gambling take dollars on your loss of the game.
In the middle of the bear market fud doesn't even need to be that strong. Every fud is just acting as support to top of other fud. It's like self fulfilling prophecy that males more people to short short sell with legerage.
But when the fud is strong at that time it will spread like a wild fire and only thing counteracting with It is time.
Truth is a slow antidote and you can't trust it to change the markets when people are in panic mode.
But when the fud is strong at that time it will spread like a wild fire and only thing counteracting with It is time.
Truth is a slow antidote and you can't trust it to change the markets when people are in panic mode.
Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.
I think it's more of social media pointing at CZ somewhat and blame him for the collapse.He was supposed to be the savior, until he balk on the last minute maybe he has his own reasons to get out of the deal. And then again, there are personalities who interpret this wrongly to cause panic and so the price nose dived and up to now, we are still way below our psychological support of $20k.
Nevertheless it's not the end of it, crypto is going to stay despite the FUDs and what is going on with the ecosystem.
Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.
They will always exist, it is obvious that retail investors do not like them as they can manipulate the market as they wish but there is nothing we can do to stop them.As such the only thing we can do is to exert control over our finances and avoid playing the games those market manipulators want us to play, and the only way we can do this is by taking care of our coins by having full custody of them and avoid selling them because of the FUD they like to spread.
The current market conditions make us alert, unhealthy exchanges of exchanges make losses for investors, I'm sure there will be Exchanges like FTX and will make the market more difficult, this is what makes us have to save assets in Own Wallet and never save assets in Exchanges wallet.
Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.
The market won't fall apart if FTX had done its thing instead of mismanaging the client's fund. It is initially the FTX management's fault that the market is currently in this state. The failure of the management of FTX brings FUD to a lot of investors making them sell their holdings and exit the cryptocurrency industry. Which resulted in sudden crash of price of many cryptocurrency especially Bitcoin market.
HODL! Newbies always asking if 
Yeah only a paper loss to those who hodl their coins, unless they sell, the loss will never realize. It is good enough if we can have the patience to wait for the market's next bull run. Because bull run is the sweetest run of the market where we can see and realized our profit target.
I can really see the dropping scenario after the FTX issue. It was the FUD wins again to the mindset of the people. However, it was not the end of the crypto journey, things like this will certainly come sometime. Unfortunately, many were too emotional about it and think selling their Bitcoin for safety. I could still understand that situation as I also had that feeling before. Panic will appear in your mind if you are not really familiar with the market.
Weak hands will surely be shaken if they witness the collapse of FTX and the losses the users and investors of FTX. Imagin seeing people lossing more than 95% of their holding's value. Weak hands will surely cowers and will immediately sell their holdings.
They are too emotional and lack knowledge about crypto market being cyclical. If they have faith and knew that the crypto market is cyclical I bet they won't be shaken no matter how low the market drop.
Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.
It's really scary how crypto market reacts to FUD but also there is a cause to be panic right now due to what FTX founder did.
That is a valid reason especially if your funds are in there. You can really be thinking and even hopeless about taking it back when FTX will have its end. Quote
If BTC fail to hold the 14k region we are in on a very long bear market unless new big investors come back and invest into crypto maybe after BTC halving, it took a lot of work for us to come this far and now FTX ruined it all.
I have no reason to be worried because this FTX thing is creating another life time opportunity for crypto investors once again, if you invest on the right projects there is no reason to be worry.
I can really see the dropping scenario after the FTX issue. It was the FUD wins again to the mindset of the people. However, it was not the end of the crypto journey, things like this will certainly come sometime. Unfortunately, many were too emotional about it and think selling their Bitcoin for safety. I could still understand that situation as I also had that feeling before. Panic will appear in your mind if you are not really familiar with the market. I have no reason to be worried because this FTX thing is creating another life time opportunity for crypto investors once again, if you invest on the right projects there is no reason to be worry.
It's really scary how crypto market reacts to FUD but also there is a cause to be panic right now due to what FTX founder did.
If BTC fail to hold the 14k region we are in on a very long bear market unless new big investors come back and invest into crypto maybe after BTC halving, it took a lot of work for us to come this far and now FTX ruined it all.
I have no reason to be worried because this FTX thing is creating another life time opportunity for crypto investors once again, if you invest on the right projects there is no reason to be worry.
If BTC fail to hold the 14k region we are in on a very long bear market unless new big investors come back and invest into crypto maybe after BTC halving, it took a lot of work for us to come this far and now FTX ruined it all.
I have no reason to be worried because this FTX thing is creating another life time opportunity for crypto investors once again, if you invest on the right projects there is no reason to be worry.
It is true that Bitcoin did crash but this is something we have seen before in the past. I think it’s highly probable that Bitcoin will reach its all time high next year.
The reality is that BTC has progressively reached higher and higher all time records year over year for close to a decade. Continuing adoption by the public, investment by larger banks and institutions and more companies excepting BTC as a form of payment will drive the price to new heights in the forceable future in my opinion.
The reality is that BTC has progressively reached higher and higher all time records year over year for close to a decade. Continuing adoption by the public, investment by larger banks and institutions and more companies excepting BTC as a form of payment will drive the price to new heights in the forceable future in my opinion.
Yes, FUD acts quicker than the hype which takes time before it reaches people.
It's sad to see that many investors still haven't learned the crypto way. There will always be a time like this and selling will be a big mistake just because a large group is doing the FUD.
I mean, look at Bitcoin, it should always be a good example of all cryptocurrencies because it had gone thru FUD that is created by popular people and sometimes even authorities and yet it's still valuable today.
You are correct, however this is only true for those which invested in bitcoin and other good altcoins, if someone is invested in a bunch of shitcoins then they should be worried as not only the price of their coins will go down but if they keep holding there is a real possibly they will lose all the money they invested in that coin if it crashes to zero, so those people do not really have any good decision they can take, because if they sell their coins they may save some of their capital but their losses will still be considerable at that point. It's sad to see that many investors still haven't learned the crypto way. There will always be a time like this and selling will be a big mistake just because a large group is doing the FUD.
I mean, look at Bitcoin, it should always be a good example of all cryptocurrencies because it had gone thru FUD that is created by popular people and sometimes even authorities and yet it's still valuable today.
There's really no limit to what FUD can cause. It always has a multiplier effect and leaves the portfolio of most people in a bad situation. The only consolation we have is that the effect of FUD is short term and the market will always come back stronger and better.
Right now it is difficult to know for how long the effect of the FUD is going to remain in place, after the collapse of FTX many exchanges began to send to their customers emails proving they were solvent but then they made some suspicious movements after it, if we see more exchanges collapsing even if they are nowhere near as influential as FTX then I would not be surprised if the price kept crashing and the FUD remained in the market for a very long time.Behind every FUD is deception and scamming and its hard for the market to recover because investors are slow to bring their trust back into the market until now the FTX owners are still at large although I read that the authorities are working on their
extradition, it will take some time before FUD minimizes its impact on the market.
It's still the best time to buy but buy only coins that have proven their worth in the market.
There's really no limit to what FUD can cause. It always has a multiplier effect and leaves the portfolio of most people in a bad situation. The only consolation we have is that the effect of FUD is short term and the market will always come back stronger and better.
As long as FUD will always be coming and then the crypto market will be so difficult to recover again. I meant if we must also take a look at the current situation where so many people are putting the main concern to the FTX. The ftx's case has become a snowball to the crypto where as the new statement from biden if crypto will get a stricter regulation. It seems like SBF was the main causes from the doom that happened with crypto. These kind of FUD will not end in short term. This will be going for long term. I think that you must watch from things that already happened before where so many people are complaining a lot about the situation in the crypto.
There are millions of people lose due to the FTX.
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There's really no limit to what FUD can cause. It always has a multiplier effect and leaves the portfolio of most people in a bad situation. The only consolation we have is that the effect of FUD is short term and the market will always come back stronger and better.
We don't need to worry about the crypto market crashing right now because we have experienced it many times and I'm sure we can get through it well, especially if we have many backup plans to help us survive. But indeed, many people are often trapped when the market declines and lose confidence in the assets they hold but that's because they don't really hold potential assets like bitcoin. They have to learn more to be patient and be able to wait for the crypto market to pick up again.Now all that needs to be done is to wait patiently, nothing else besides that, especially if we have held on for too long, letting go is not a solution in the middle of a crash this time.
Now to spread fud looks so fast and easy, so don't be surprised the market will react very quickly to their wishes, we have been through this before and rest assured the crypto market is set up for that.
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