Topic: Is crypto winter setting in.. and how long will it last (Read 605 times)
Hard to say anything. According to analysts, crypto winters typically begin when the price of Bitcoin falls precipitously from an all-time high. And this could go on to 2-5 years. Binance CEO CZ said, “Crypto winter could last 4 years.”
I am feeling that with global markets crashing bitcoin will also show the similar trends but somewhere down the line the path of markets and bitcoin will diverge and bitcoin will show greater rebound.
Thankyou for inputs
Maybe, for now, bitcoin is falling, and we had seen it when the price dropped drastically in the last few days or weeks. That doesn't mean that the market will stay that way because the price of bitcoin is bound to bounce up and bounce back up again. At that time, people would not have thought that bitcoin could come back so quickly, especially for people who were late buying bitcoin at the lowest price a few days ago. But we don't know how long the market will be like this and can only hope it will all change soon. Thankyou for inputs
Crypto market won't stabilize until the other markets stabilize along with it. This could take years due to the Ukrainian war combined with the post-COVID lockdown spending that never really stopped until the end of 2022.
I don't see this as a bad thing. Gives you an opportunity to purchase cheaper coins. Most coins, certainly Bitcoin, will survive the market correction. There isn't a reason why BTC wouldn't rebound once the global economy picks up again. Some of the shitcoins that are currently done for will remain done for, though.
I don't see this as a bad thing. Gives you an opportunity to purchase cheaper coins. Most coins, certainly Bitcoin, will survive the market correction. There isn't a reason why BTC wouldn't rebound once the global economy picks up again. Some of the shitcoins that are currently done for will remain done for, though.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
This issue is complicated since usually a crypto winter lasts between a year, more or maybe less, at this point nothing is certain we can only speculate since it is not possible to accurately study the movements of the markets, only that it be at short term. This is not something that is being seen for the first time, this has already been presented on some occasions, it was presented in 2018 and 2008 (analysts believe that it was stronger)… The only thing we can do at the moment is wait because, as I already said, It is not something that is happening for the first time and if we have already come out on top on those occasions, this will not be the meaning.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Many countries are in economic crisis now. Prices of commodities keep rising so for me it will continue until next year then bull cycle will begin again by 2024 where bitcoin halving will also happen. That is long enough to accumulate crypto to prepare for the next bull run. This is the perfect time where many people can be a millionaire on the next cycle if they start accumulating. I don't think we've hit the bottom price of this dip for bitcoin but stabilizing at the current price will be good as it's near at the ATH of 2017.
It is not just the people you named who are basically saying altcoins are useless. We all know it and we all have been saying that altcoins are useless. They have no future and the "Greater-Fool theory" is describing the situation in altcoin market very well.
But none of it has anything to do with bitcoin and what it is or isn't going to do in the future.
Since you use the term "crypto" then I have to say what is happening in the altcoin market is not a correction it is a dump and it didn't start recently to stop, it started in 2018 and has been ongoing.
What we have in bitcoin is also not a correction, it is a crash and since it is not a logical market behavior it is not possible to predict when it will stop.
I belive BTC is coming back very soon. Be patient guysBut none of it has anything to do with bitcoin and what it is or isn't going to do in the future.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
It depends on what market you are talking about.Since you use the term "crypto" then I have to say what is happening in the altcoin market is not a correction it is a dump and it didn't start recently to stop, it started in 2018 and has been ongoing.
What we have in bitcoin is also not a correction, it is a crash and since it is not a logical market behavior it is not possible to predict when it will stop.
I am feeling that with global markets crashing bitcoin will also show the similar trends but somewhere down the line the path of markets and bitcoin will diverge and bitcoin will show greater rebound.
Thankyou for inputs
It is not just the people you named who are basically saying altcoins are useless. We all know it and we all have been saying that altcoins are useless. They have no future and the "Greater-Fool theory" is describing the situation in altcoin market very well.
But none of it has anything to do with bitcoin and what it is or isn't going to do in the future.
Since you use the term "crypto" then I have to say what is happening in the altcoin market is not a correction it is a dump and it didn't start recently to stop, it started in 2018 and has been ongoing.
What we have in bitcoin is also not a correction, it is a crash and since it is not a logical market behavior it is not possible to predict when it will stop.
I belive BTC is coming back very soon. Be patient guys But none of it has anything to do with bitcoin and what it is or isn't going to do in the future.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
It depends on what market you are talking about.Since you use the term "crypto" then I have to say what is happening in the altcoin market is not a correction it is a dump and it didn't start recently to stop, it started in 2018 and has been ongoing.
What we have in bitcoin is also not a correction, it is a crash and since it is not a logical market behavior it is not possible to predict when it will stop.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
This issue is complicated since usually a crypto winter lasts between a year, more or maybe less, at this point nothing is certain we can only speculate since it is not possible to accurately study the movements of the markets, only that it be at short term. This is not something that is being seen for the first time, this has already been presented on some occasions, it was presented in 2018 and 2008 (analysts believe that it was stronger)… The only thing we can do at the moment is wait because, as I already said, It is not something that is happening for the first time and if we have already come out on top on those occasions, this will not be the meaning.
Those billionaires that haven't taken the spotlight of the crypto market will always tell something negative to push the price down for bitcoin. You've heard that even before from them and that's why they keep on telling that it's going nowhere but in reality, they're doing their thing and stacking as much as they can.
And knowing when this winter will last, no one will say that they know when.
Because if someone tells you that, he's like us who is just speculating the market.
And knowing when this winter will last, no one will say that they know when.
Because if someone tells you that, he's like us who is just speculating the market.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Maybe it will continue until the first half of 2023 (could be shorter). BTC could go as low as $18K to $15K during that span.
At this point, anything at $10K - 15K range is a great buy (maybe the biggest discount we'll ever get). 
I think it's too early on to say how long it will last. Sometimes the price starts sharply jumping straight back up (of course, with some corrections along the way). Other times it can take 2-3 years (with some improvements along the way, which are then followed by further recessions). In any case, throughout its history, it has always recovered eventually. While that, of course, doesn't mean that it will always be this way, and the future can be unpredictable, it means there's good reason to believe that this time will be no different.
I think it'll only take a few months to see major improvements, but I can be wrong, just like anyone else. For those who have funds to spare, now is a great time to buy.
I think it'll only take a few months to see major improvements, but I can be wrong, just like anyone else. For those who have funds to spare, now is a great time to buy.
Usually, the upsetting part takes about a year, but do not be worried because we are already about 6-8 months in. Last time we were up, was in October of 2021, which means that we have been falling ever since that day, maybe we weren't under 30k for a long time, but we haven't been close to our ATH price since that date.
This is why about a year or year and a half is reasonable and we could see the price going up in under a year. By this time next year in 2023 we could be over 50k or even be over 100k and I wouldn't be shocked at all. I hope that people would be able to hold until then without getting worried about what happens, 2018 was a crypto winter too but people made so much profit from that period if they bought it in 2018 and waited until 2021.
This is why about a year or year and a half is reasonable and we could see the price going up in under a year. By this time next year in 2023 we could be over 50k or even be over 100k and I wouldn't be shocked at all. I hope that people would be able to hold until then without getting worried about what happens, 2018 was a crypto winter too but people made so much profit from that period if they bought it in 2018 and waited until 2021.
Crypto is here to stay no matter who speaks against it. May be there will be altcoins popping up here and there while some established altcoins may also die but bitcoin will stay.
It may take the end of next year to recover from the dump and until then the market will keep correcting and consolidating.
One who HODL strong will survive this fall and the rest will lose money selling at cheap prices.
It may take the end of next year to recover from the dump and until then the market will keep correcting and consolidating.
One who HODL strong will survive this fall and the rest will lose money selling at cheap prices.
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabilize
Those are all great questions but no one has the answer. The situation doesn't look good at all, especially considering the whole global situation: we're not done yet with covid, inflations gets worse and worse, and there is a war that it's not gonna end anytime soon. This is gonna be a very difficult year.In general, I agree with you that the global situation is very complicated, constantly changing due to unpleasant surprises, and against this background it is almost impossible to make any forecasts, not to mention answers to OP's questions. There is nothing left but to observe the events and wait for the crypto winter to end.
The crypto-winter is now in its seventh month. Since December last year, bitcoin has fallen from $46,000 to its current level of just over $20,000. Ethereum during this time has fallen in price from $3,600 to $1,090 now. It is possible that, as some predict, the market will lose another ten percent. But for now, no one knows how long this bearish period will last and how low the price of our cryptocurrency can fall. However, I don't think it will last for years, as many here claim. A long crypto-winter is not beneficial to anyone. A stagnant period in terms of price is also stagnant for the profits of participants in this market.
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Crypto exchanges are offline, not some kind of an offline company that is affected by covid pandemic and as a result they will need to close or lay off their employees. Bill gates might be correct on the nft part. He is right that those who invest on nft's are fool but not cryptos, crypto investors are wise and smart because they did not choose nft. They know that it's only just another hype. Bitcoin won't ever be stabilized because is its nature to be volatile and we don't know if how long this bear can last.
I think that it is extremely difficult to make an accurate forecast now. You need to understand that the market is in a rather difficult situation and it is quite difficult to get an accurate forecast for the current situation.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabilize
Those are all great questions but no one has the answer. The situation doesn't look good at all, especially considering the whole global situation: we're not done yet with covid, inflations gets worse and worse, and there is a war that it's not gonna end anytime soon. This is gonna be a very difficult year.
No one knows for certain how long this will last. It might be longer than expected, or it might be short.
However, I must say that this is a very trying times for cryptocurrency traders. A lot of individuals have lost their money and many have lost their jobs.
First I thought the war in Ukraine caused it, but right, I don't even know what the cause is anymore.
I hope the market recover soon enough so we can recover our losses.
However, I must say that this is a very trying times for cryptocurrency traders. A lot of individuals have lost their money and many have lost their jobs.
First I thought the war in Ukraine caused it, but right, I don't even know what the cause is anymore.
I hope the market recover soon enough so we can recover our losses.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Maybe a month, two months, or even a year.The current bear market makes market conditions return to the bottom again as before the bull market came along, causing many people to suffer losses.
This cycle occurs continuously, especially after touching a new ATH, the price will go back down again and this time, the price will return to the bottom again.
But we must remain optimistic because this situation will change and the market will start to pick up again.
So prepare yourself by buying bitcoins and other potential coins so that you will have a chance to make a profit.
I have been saying this since the beginning of this year, when people were still saying we were in a delayed cycle and would pass $100K this year. I think even Dan Held was still betting on a supercycle at the beginning of the year.
Not until next halving are we going to beat last year's $70K ath. Where we are now we can call it winter or whatever, but great joys we won't have until next cycle.
Not until next halving are we going to beat last year's $70K ath. Where we are now we can call it winter or whatever, but great joys we won't have until next cycle.
Of course crypto is in a bear market.
Wrong. "Crypto" is not in a bear market, bitcoin is. The altcoins are just dumping simply because bitcoin price started making a big move which then attracted all the traders from altcoin market to bitcoin market. That has always caused an altcoin dump. 
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
(....)
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
Yeah, just a normal correction or a winter market which is normal for a market. We all know that there will be always a bear market and bull market, it's not always "UP ONLY".Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
Another thing for me is if you notice, it's not only the cryptocurrency market that suffers, look at other markets especially stock markets, blue chips, or internet companies, and most of them are bloody too, so for me, very natural.
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
There have been many episodes of mass hysteria in the past, sometimes they blow up and drop back down in the space of days, other times they keep going for years at a time. Cryptocurrency relies a large part of trust and simultaneously Bitcoin has been extremely volatile in recent history so it is a bit of a paradox. It seems to be a good short term tool for transferring good chunks of money around, potentially across borders, but due to it's instability it was never going to be a good long term investment. In some ways Bill Gates is right, for speculators they are only able to profit if the prices goes up between the time they buy and sell, otherwise they are destined to lose money as it doesn't produce anything in the meantime (unlike a company stock/share that pays out a portion of profits in different forms).
The answer is quite simple, one can predict perfectly the current market situation. You may notice when the bear market comes, many haters criticize Bitcoin or cryptocurrency. It's just a try to create a FUD and a little try to prove the truth. But what happens always? We see bull again and a lot of good news comes together. This is crypto and pump dump always will exist. That's the reason actually why people live crypto. We can't ignore the truth.
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Why should you care what others say when you are a direct market participant and not them. The market is going through a strong correction and this is not the first time bitcoin has dropped in price so there is no need to worry, no one can say exactly when this bear wave will end, it could end tomorrow or it could last for another 2 3 years. Nobody knows. As long as you don't panic and keep holding, I'm sure the market will bounce back in the future.
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Why should you care what others say when you are a direct market participant and not them. The market is going through a strong correction and this is not the first time bitcoin has dropped in price so there is no need to worry, no one can say exactly when this bear wave will end, it could end tomorrow or it could last for another 2 3 years. Nobody knows. As long as you don't panic and keep holding, I'm sure the market will bounce back in the future.
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
The market meltdown and the suddenly disable on withdrawals of some platforms are very relevant to remind people again "Not your keys, not your coins"Use non-custodial wallets to store your coin, not custodial wallets, not exchanges, not lending platforms.
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Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
Forget about them. They are old and they don't mind to join new technology trend.Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
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How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
How long will it last depends on what phase we are in right now.
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No one knows how long this market correction will continue, when it will stop and when bitcoin will stabilize and rise again. We can all only guess while predicting the time, but we don't have a definite answer. Maybe now is the crypto winter as it has happened before but we should not despair because this is the best time to invest and we already know there are many good projects we can use as investments. But don't forget to invest in bitcoin because bitcoin is our main asset or investment in crypto.
If you think some of us knew how to accurately predict markets — chances are, we wouldn't be on our computers all day but instead would be at some nice beach in the Bahamas with some nice beers and beautiful women.
In the short term we can only speculate and at this point no one can say when the current collapse will stop - but in the long term (if the pattern repeats itself) we can assume that the new big bull run will only happen after halving 2024. Of course there is always a chance that some super good news will appear and reverse the trend, but apart from the possible approval of the spot BTC ETF in the US about which there is some speculation, I do not see any light at the end of the tunnel in the short term.
I don't know what is Greater-Fool Theory but for me, I will be a fool if I will follow what Bill Gates will say that relates to crypto.
After being left alone in a house with 18 bathrooms, he began to demand more and more public attention, so he talks about a lot of things he has no idea about - but he seems to be most interested in a pandemic, not one that lasts, but a new one that will be a little more efficient in terms of depopulating the world.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
If you think some of us knew how to accurately predict markets — chances are, we wouldn't be on our computers all day but instead would be at some nice beach in the Bahamas with some nice beers and beautiful women.
We're already know right both of crypto aka altcoins and NFT are just a tools to fool people without needed of Bill Gates to pointed out.
The other thing is you and anyone shouldn't only rely from those billionaire of expert e.g. David Rubenstein, why you're rely your money to him? If you get a profit by following his advice, then it's lucky, while it's otherwise, he wouldn't give any compensate to you. Be wise and only believe what you're believing right now.
The other thing is you and anyone shouldn't only rely from those billionaire of expert e.g. David Rubenstein, why you're rely your money to him? If you get a profit by following his advice, then it's lucky, while it's otherwise, he wouldn't give any compensate to you. Be wise and only believe what you're believing right now.
At times like this you have to ask yourselves if this is the same bitcoin people were paying 60k for, or not. What is the reason that it went down in price. Is this Bitcoin's flaw? If it is, you should worry. Like when you hold stocks of a car company and the company stops making cars because one of its factories went up in flames or there's a war in the country where it produces, it's time to sell.
In case of Bitcoin there's nothing wrong with it. Its price went down due to Luna dump that caused panic and because of high inflation in the USA that causes stocks to lose value and stock investors are selling everything they hold including cryptocurrencies. It doesn't mean cryptocurrencies are bad, it's just investors going bust and selling at at a loss to cover debt.
I keep holding and I'm going to continue, regardless of the price. If it goes to 10k, I'll still have the same number of coins that I had at 30k. None of these prices satisfy me enough to sell.
In case of Bitcoin there's nothing wrong with it. Its price went down due to Luna dump that caused panic and because of high inflation in the USA that causes stocks to lose value and stock investors are selling everything they hold including cryptocurrencies. It doesn't mean cryptocurrencies are bad, it's just investors going bust and selling at at a loss to cover debt.
I keep holding and I'm going to continue, regardless of the price. If it goes to 10k, I'll still have the same number of coins that I had at 30k. None of these prices satisfy me enough to sell.
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
They can say what they want about crypto, the good thing is investors have their own opinion on what they want to put their money on.
Crypto winter has nothing to do with Bill Gates's statement or David Rubenstein, this is a circle that occurs at certain periods which most crypto investors are already aware of.
Because of the economic situation, many none crypto businesses are also laying off employees, it is not only crypto exchanges that are downsizing.
Not sure anyone can give a specific date when the bleeding will stop or at what price btc will stabilize.
There have been few guesses about where the price could drop to but as you know it is all speculation, nothing specific, my suggestion will be you keep yourself up to date with the market situation.
its the same scenario as in 2018...2-5 years of cold days in front of us...than booom
(....)
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
Yeah, just a normal correction or a winter market which is normal for a market. We all know that there will be always a bear market and bull market, it's not always "UP ONLY".Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
Another thing for me is if you notice, it's not only the cryptocurrency market that suffers, look at other markets especially stock markets, blue chips, or internet companies, and most of them are bloody too, so for me, very natural.
Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Look at the bigger picture! Do you think only crypto is affected? Look at the global stock markets! Today morning I looked at my stock portfolio and it mostly in red except some well performing companies. My crypto portfolio is also in red except ETH which I acquired at $450 range. So the global market is crashing. It's not only cryptocurrency. So I don't bother what others are saying and what theory is being invented, crypto is here to stay for our lifetime! So I am indeed acquiring more bitcoin as per the limit of my pocket. Crypto winter usually lasts for 3 years as seen in the previous instance but no one really knows what will be the reality this time.
Also I agree to Bill gates on NFT. It is indeed a scammer's tool and a playground for money launderers. So NFT may go down to drain rightfully, but crypto is indeed going through a bad time like any other markets and it is the best time to invest in.
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
I don't know what is Greater-Fool Theory but for me, I will be a fool if I will follow what Bill Gates will say that relates to crypto.How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
It's very hard to predict.During the 2017-2018, the correction took 371 days before it reaches the bottom and after that it started to recover again. Base on what happen, we can say that it might be at least 371 days or more than 371 days before it will start to recover again. Maybe don't focus on that part and just focus on accumulating while everything is down. Take note that profits are being made mostly in a bear market.
Stabilization of Bitcoin? Nahhh you're dreaming right? Bitcoin will never stabilize because many consider it as an asset and assets are volatile in nature.
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Hard to say. Could take years or more than that. But it will rise again and stabilize, that's for sure. So just buy the dip and forget about it for 2/3 years or so. Come back after that and i'm sure you'll find yourself in a good place.
[DYOR]
[NOTE: not your financial advisor]
It is not just the people you named who are basically saying altcoins are useless. We all know it and we all have been saying that altcoins are useless. They have no future and the "Greater-Fool theory" is describing the situation in altcoin market very well.
But none of it has anything to do with bitcoin and what it is or isn't going to do in the future.
Since you use the term "crypto" then I have to say what is happening in the altcoin market is not a correction it is a dump and it didn't start recently to stop, it started in 2018 and has been ongoing.
What we have in bitcoin is also not a correction, it is a crash and since it is not a logical market behavior it is not possible to predict when it will stop.
But none of it has anything to do with bitcoin and what it is or isn't going to do in the future.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
It depends on what market you are talking about.Since you use the term "crypto" then I have to say what is happening in the altcoin market is not a correction it is a dump and it didn't start recently to stop, it started in 2018 and has been ongoing.
What we have in bitcoin is also not a correction, it is a crash and since it is not a logical market behavior it is not possible to predict when it will stop.
What's the connection of Bill Gate's statement to the topic crypto winter?
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
Maybe it will continue until the first half of 2023 (could be shorter). BTC could go as low as $18K to $15K during that span. I don't know where the price is going to stabilize though. It will be nice if BTC could bounce above $25K and stay around that level for months but I'm not that optimistic. I guess we'll just have to wait and see. Right now, the bears seems exhausted pushing the price further. Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
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