Topic: Question Of Thought About Crypto Winter - page 2. (Read 222 times)

Unfortunately, many crypto projects failed to make in through the last 2018 bear market, I believe the same thing will happen this time too, the 2018 bear market lasted till 2020 after the CoVid 19 outbreak, we aren't expecting that collapse but it happened and Bitcoin was affected big time, though the crash doesn't last very long, many quit investing and believed that it's over but those who are fortunate to invest in that crash made the biggest money through crypto.

Many people believe in Bitcoin as the most valuable of them all, even after the 3500$ crash many whales still held their positions, as if nothing is happening, they knew that these tough times would pass and they are right, those who are not strong enough sold their Bitcoin and left.

1) Why not ? Look at Ethereum, Ripple, Litecoin, Dogecoin etc...
They are still here with and has survived previous crypto winter.

2) bitcoin survives every crypto winter because people has a lot of trust on it. This is what keeps it from going too low.
Other coins find it difficult because the owners/project team run away with the money when winter strikes them or find it too difficult to keep the project running.
There might be other reasons but these are common.

When Bitcoin reached $19k + in 2017 many cryptocurrencies were pumped to their all time high. People were thinking that if they trade in crypto world they will be rich within months. However, the sudden crash of market in 2018, and the news of bubble busting destroyed their hopes. Many people have lost their initial capital in that crash.

In that crash only few well-known coins survived, but most of the coins that had no good use cases were totally bankrupted. The reputed coins like ETH, LTC, XRP, and some others, have survived in that crash. In 2021 most of the surviving coins reached their all time high including the king of the coins Bitcoin.

Bitcoin survived because it's the backbone of the whole crypto world, and it was the crash of Bitcoin that made other non useful coins to flee away from the market. Bitcoin in such scenario is always the best choice for investors, in 2021 when Bitcoin reached its all time high, with it many others coins were pumped more than 10x to 100x in that bull run.

This time some coins that were vulnerable caused the market to crash badly, one of those coins was Terra Luna, it caused a lot of stress in the market and many people have lost Billions because of its unwelcomed crash. Many exchanges were bankrupted because of Luna, and after that crash of FTX made the situations even worse. Bitcoin fell to $15k-16k levels with that bear run, and many users gave up on crypto, but now the market is recovering, and if things go well then the Bitcoin will reach all time high this time.
 

If I remember correctly, majority of the cryptos survived the winter back in 2018. Also this price point was a available for a very short period of time before it started recovering afterwards. If some cryptocurrency didn't survive the winter, that means there is community support available for that cryptocurrency. So it's all good. Some people might have lost money due to this but it didn't do much damage in the crypto market for sure.

We obviously don't need thousands of cryptos in the market. So if some cryptos die during such period, that's good for the market.

During the crypto winter, which is the bearish period of the cryptocurrency market, other cryptocurrencies survive. However, these cryptocurrencies are often hit harder than Bitcoin and depreciate significantly. This is possible because Bitcoin has a special status in the crypto community, with a large number of investors and institutions interested in and investing in it. Besides, Bitcoin has been around and used for a longer time than other cryptocurrencies, creating a sense of stability and trust around it. Some cryptocurrencies are better able to cope with the crypto winter, like Ethereum or Ripple. It is important that these cryptocurrencies have real value and use in some practical application, in addition to having a large community and interest of investors. In summary, Bitcoin survives the crypto winter and is harder to deal with because it has a better standing and surrounding trust than other cryptocurrencies. However, other cryptocurrencies can cope better if there is real value and interest from large investors and communities.

It was a phase of resetting trust, people had only 2 options, start over from bitcoin or quit completely.
Bitcoin has never failed to become an alternative currency, in the trust of people in this space, bitcoin is "the default". Those who feel they have failed are mostly just speculators who hardly "use" bitcoin at all.

There are more than 6000 cryptocurrencies, which one of them means.
Keep in mind that there are thousands of currencies that have died even in the vicinity of crypto days.


There is no reason for failure. These currencies are either useless, scam, or have no real use inside and outside the platforms, or there is no development that attracts customers.

The reasons are many, but the result that 99% of these currencies are bad for long-term investments.

In my opinion "crypto winter" is a stupid term coined to describe bear trends and to scare people away from being involved in the market. You have downtrends and uptrends. Or if there is constant sentiment over a period of time, bull markets and bear markets.


1) No, altcoins/tokens with no purpose have been killed by down trends because they either had no purpose or could not survive without the cryptocurrency marketing succeeding/benefiting as a whole from hype.
2) Bitcoin survives because it is a true cryptocurrency with strong, self-sustaining economics and a large population of members who are constantly aiming to improve it in several ways. Altcoins/tokens with similar foundations survive downtrends because they actually have some form of value. Altconis/tokens without one of these attributes fail once the hype has left the market.

Yes, there's a lot pf crypto survived that time but most of them suffer a tremendous loss that is more than the loss on Bitcoin price. I suggest that you shoul use coinmarketcap and check the coin history. Most of the top 100 tokens are the survivors of crypto winter.


Because Bitcoin is Bitcoin. It will not die because there is no team behind it that holds the majority of the supply. This is the advantages of Bitcoin among other token. Satoshi is the one true developer that dedicated his life for the sake of his creation. He never touch all his Bitcoin despite the price sky rocket a lot.

You can use Litecoin as an example. Charlee Lee sold all his LTC token during the last bull run and other altcoins team slowly unloading their token that cause the dip on every altcoin.

Not many would have survived because they were just pump and dump coins people. Many investors only invest in some of the these alt coins because of its profit and once it starts facing crisis there’s no more confidence in it anymore and they pulled there funds off it which results into the death of the coin

Because bitcoin is the most stable cryptocurrency or rather the only stable coin. It is decentralized unlike the dump and pump coins created. The reason this alt coins do not survive is that during the bearish period people become scared to have their funds in them and consider transferring it to bitcoin which kills off the coin.
Also most of these coins are abandoned by their developers once it is in crisis (sadly that is what centralized tokens faced). Most of the smart contracts tokens built on an existing blockchain of a coin like the Ethereum tokens suffer lose or death when it’s parent coin suffers crises. Take the case Terra Luna and the doge meme coins for example.

Bitcoin is the only or most used cryptocurrency for payment purposes and this create/drives the supply and demand of it which makes it impossible to die off. It’s use for cross boarder transactions gives it the stability to survive eve during bearish periods

That happened again though. I remember when it was at $19.6k at the end of 2017, which was the peak, and later fell to $3k in 2018. But don't forget that Bitcoin reached a new peak of $69k in November 2021 and also fell later to $15k in December 2022, which was an even larger difference than what happened between 2017-2018


Yeah, most of the crypto survived, of course; It's not something bad or unexpected, though. That's how the crypto market works, and it's normal for this to happen.
The huge volatility of Bitcoin's price is well-known and expected to happen.

They all survived, but since Bitcoin has the most potential in the market, no one can take its place. You will see once again when Bitcoin's price starts to rise, other cryptos will follow its path and gain more value. Mostly all cryptos follow Bitcoin, whether it's an increase or decrease in price.

The answer to the first question is yes, at that time there was a lot of crypto surviving and some disappearing. This is natural considering that it was a tough year for crypto.

And why Bitcoin survives, even when the crypto market crashes like it did in 2018 is because Bitcon is the market leader, Bitcoin determines how the crypto market goes in the future. What's more, not everyone gave up on their Bitcoin, there were still those who kept holding and even bought more Bitcoin, that's what made Bitcoin last until now.

Question of thought...

I made a research recently, i found out that Bitcoin reached nearly $19,500 in 2017 and later fell below $3,300 in 2018.
Source https://www.forbes.com/advisor/investing/cryptocurrency/what-is-crypto-winter/

1) would've other crypto's survived during that time ?.
2) Why do Bitcoin survive during crypto winter and other crypto's finds it difficult to cope ?.