What happened with crypto? | Bitcointalksearch.org

LUCKMCFLY

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Quote from: darewaller on December 25, 2022, 03:10:01 PM

Quote from: Adbitco on December 25, 2022, 03:17:38 AM

Quote from: Rahul09 on December 24, 2022, 01:16:10 PM

if we buy and hold them now, will we have any profit? I mean, luna,Ftx likely to ever be the same again?
I think never. And even if they want to get back to the previous state, it will take them many years. And if you work well in the market without spending time on them, you can get double the profit. So I think it's kind of stupid to keep buying them.

Hey lot of numerous event has occurred to bitcoin previously even before the occurrence of Luna and FTX and yet bitcoin still gain new ATH, perhaps i don't think what just happened would likely hold down the price not to appreciate again. That is why the whales still getting larger and keeps controlling the market because they always utilizes every single opportunities by buying and holds, have it at back of your mind that nothing can ever stagnate or stationed the price of bitcoin at a particular spot, therefore its subjected to changes at any point in time (Increase or decrease).

I always feel like fiascos like Terra Luna & now FTX only strengthen the dominance of Bitcoin. You see all these altcoins in market and when the top 3rd coin at the time, LUNA, dropped it showed that no altcoin is permanent. And in FTX's case it simply shows you why it's important to control your private keys and not keep funds on exchanges or custodial wallets.

The reason BTC price has dropped significantly is because it' manipulated by a lot of whales and they find it easy to drop when there's a news like FTX collapse. People will not easily sell their coins to panic unless there is a news supporting the panic which is exactly what these fails like LUNA, FTX, etc do.

Although the FTTX thing has nothing to do with Bitcoin, I think the clearest and simplest explanation is that people sometimes the same investors took advantage of this fall in FTX to short Bitcoin and thus get Bitcoin much cheaper by taking advantage of this bug, it's something that cannot be denied, however people have to learn the lesson that FTX has nothing to do with the Bitcoin market, only that the market should be seen as a jungle where you know how to take advantage of what you have with the possible eventualities of life and what is presented, each one will look for a win-win way, regardless of the fundamental that is presented.

lousie9

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Quote from: MoonOfLife on January 01, 2023, 12:47:54 AM

Nothing happened, it was just a bitcoin bear cycle, crypto winter, and it happened a lot in the past. Without an economic crisis, without war, the market would still enter the bear season, and bitcoin would drop. Even though you've been out of the market for 2 years, but according to your account created in 2013, that means you also went through 2 previous bear seasons, so I think you won't be surprised, unless this account is not yours.

yes, it should be if the OP is someone who has been in the crypto market for quite a while, he wouldn't be surprised to see a bear situation eating up the market. if the OP might want to restart where he left off, I guess this is a good time. buy again and start to focus on a better long-term. he had already enjoyed its advantages in the past. not impossible, now is the right time to repeat success in the future.

MoonOfLife

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Quote from: xanto on November 19, 2022, 06:29:38 PM

Hi all,my friends
I've been away from cryptoworld for 2 years and i want to ask something to the esteemed audience
What the fuck is going on here?
I'm sorry,i don't have any other words
Why is bitcoin trading at 2020 prices?
This is unbelievable!!!
I sold all my bitcoins in 2021 and went to live in another country and left the cryptoworld,but i'm shocked
Is this all because of the war?
Or because of the government sticking its nose into this market?
What happened? Huh

Nothing happened, it was just a bitcoin bear cycle, crypto winter, and it happened a lot in the past. Without an economic crisis, without war, the market would still enter the bear season, and bitcoin would drop. Even though you've been out of the market for 2 years, but according to your account created in 2013, that means you also went through 2 previous bear seasons, so I think you won't be surprised, unless this account is not yours.

xzy887

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Quote from: Bhig Daddy on December 31, 2022, 05:40:38 PM

You shouldn't need to be shocked by the state of the market, in my opinion. What caught your eye?
I'm confident that nothing about the current market condition will surprise you if you have held your asset holdings and experience in the crypto market for a long enough time. because, of course, the length of time you spend in the cryptocurrency market gives you experience.
You can find out what happened by following the news on a few social media platforms. Even though you have sold all of your possessions, you still keep track of the social media accounts you follow.
Whatever your motivation for returning to the cryptocurrency market, perhaps this is the ideal time to resume your investment strategy.

Surely this market will surprise him, if he understands how to invest in the market. Because the price of bitcoin is very low in the market now due to which the price of all tokens has decreased. If he understands investing then he will invest this time and wait until it is right. And from this bear market he will have better experience about trade. So it is better to look for the good aspects of this market instead of looking at the bad aspects only.

Bhig Daddy

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You shouldn't need to be shocked by the state of the market, in my opinion. What caught your eye?
I'm confident that nothing about the current market condition will surprise you if you have held your asset holdings and experience in the crypto market for a long enough time. because, of course, the length of time you spend in the cryptocurrency market gives you experience.
You can find out what happened by following the news on a few social media platforms. Even though you have sold all of your possessions, you still keep track of the social media accounts you follow.
Whatever your motivation for returning to the cryptocurrency market, perhaps this is the ideal time to resume your investment strategy.

xSkylarx

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Quote from: tygeade on December 31, 2022, 01:15:24 AM

Quote from: bounceback on December 30, 2022, 04:11:52 AM

We are in a bear market and apart from that the current downturn is also due to some global factors like inflation which is on the rise so it is natural to see that the bitcoin price is now trading below $20k isn't this also what happened in the past when the bitcoin price managed to reach ATH and after that the market will undergo a correction that will take a little time to recover. I think if you've known bitcoin for a long time then you also know what's going on in the market right now.

We will always have cycles in crypoto where the price would go down and we would not be able to actually see it going up if we just sell it, we need to hold it so we could face the period when it goes up as well. I personally hold it right now as much as I can and I believe that it will keep on going higher and higher, no matter how low it goes, I just tell myself to wait longer and it will get higher.

This is why it's quite important to never lose hope in bitcoin. If you lose your hope, then bitcoin will not care about it, but you will lose when it goes up. I will never lose hope, and I will always trust that it will go up a lot when the time comes.

Trust and patience are the key since we already know that bitcoin has its own comeback, and when it does, I am sure multiple ATHs will again be achieved. Only newbies and the inexperienced are the only ones who lose hope in bitcoin, since others who were already in crypto a couple of years ago are either immune to this, or they just aren't scared of this kind of market since they already know that bitcoin will be up soon. As most other says those who will stay will be getting a lot of profit those who left will be coming back again to buy bitcoin.

tygeade

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Quote from: bounceback on December 30, 2022, 04:11:52 AM

We are in a bear market and apart from that the current downturn is also due to some global factors like inflation which is on the rise so it is natural to see that the bitcoin price is now trading below $20k isn't this also what happened in the past when the bitcoin price managed to reach ATH and after that the market will undergo a correction that will take a little time to recover. I think if you've known bitcoin for a long time then you also know what's going on in the market right now.

We will always have cycles in crypoto where the price would go down and we would not be able to actually see it going up if we just sell it, we need to hold it so we could face the period when it goes up as well. I personally hold it right now as much as I can and I believe that it will keep on going higher and higher, no matter how low it goes, I just tell myself to wait longer and it will get higher.

This is why it's quite important to never lose hope in bitcoin. If you lose your hope, then bitcoin will not care about it, but you will lose when it goes up. I will never lose hope, and I will always trust that it will go up a lot when the time comes.

bounceback

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Quote from: xanto on November 19, 2022, 06:29:38 PM

Hi all,my friends
I've been away from cryptoworld for 2 years and i want to ask something to the esteemed audience
What the fuck is going on here?
I'm sorry,i don't have any other words
Why is bitcoin trading at 2020 prices?
This is unbelievable!!!
I sold all my bitcoins in 2021 and went to live in another country and left the cryptoworld,but i'm shocked
Is this all because of the war?
Or because of the government sticking its nose into this market?
What happened? Huh

We are in a bear market and apart from that the current downturn is also due to some global factors like inflation which is on the rise so it is natural to see that the bitcoin price is now trading below $20k isn't this also what happened in the past when the bitcoin price managed to reach ATH and after that the market will undergo a correction that will take a little time to recover. I think if you've known bitcoin for a long time then you also know what's going on in the market right now.

Kelvinid

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Quote from: uneng on December 28, 2022, 12:07:04 PM

Some possible reasons:

Saturation of bullish market (end of a cycle). We know a positive trend can't last forever, especially when prices are already too high in a short time period. That is what happened in 2021.
Scams involving big companies and names of crypto industry. Many investors got scared because even the big companies on this industry aren't able to guarantee safety to customers and their funds. The impunity for scammers is also a big disincentive for investors this time.
War. This is a double edge sword point: at same time efforts and expenses with war demand more money, it could be also a powerful booster for bitcoin, because donations can be sent to both sides of the war in cryptocurrency. The adoption and usage could be increasing, consequently impacting the market positively. Moreover, sanctions encourage people using crypto to avoid the prohibitions when transacting to foreigner lands.
Interest rates (economical policies). The FED policy caused a lot of damage to crypto market this year. The constant increasement on interest rates by regulators took big players of crypto market to the traditional market in USA and possibly Europe, because interest rates were also raised there.

All of them are hugely affecting not only crypto but also the economic system of all countries. It is really hard to get away from them and make crypto soar high continuously but surely we can see it dump eventually.
As to consider the current situation, it will take too long to see the market moves upward. The war continues and I can see this is a huge contributing factor to inflation and affects the volume of crypto investors. I'm not sure how far the price will Bitcoin could reach in the next Bullrun, doubted if it will surpass $100k if all of those things that you have mentioned will continue.

xzy887

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Quote from: Cling18 on December 27, 2022, 12:09:58 PM

Why would you trust a coin that has ruined the trust of its investors over Bitcoin which is well-established and has shown us great movement for years? The prices might be down right now but it's still worth buying. Bitcoin will always be a good investment despite the market situation. We all know how it could drop down and strike high again in time. There are just many things that affect the market but that doesn't mean that it won't recover again.

I never said Luna wouldn't be Purandhan again. If you look closely you will see that I said Luna is now much lower than before and it will have to wait a long time if it wants to get back to where it was before. And if we wait that time by investing in Bitcoin then we can be more profitable to invest in Bitcoin than luna.No one can say with absolute certainty which coin will go up or down. So what has once gone down can certainly rise again but you cannot tell when it will rise.
But no matter how low Bitcoin goes, it's not quite the end. Everyone has faith and trust in it. So if you ever want to invest then investing on Bitcoin is best way.

uneng

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Some possible reasons:

Saturation of bullish market (end of a cycle). We know a positive trend can't last forever, especially when prices are already too high in a short time period. That is what happened in 2021.
Scams involving big companies and names of crypto industry. Many investors got scared because even the big companies on this industry aren't able to guarantee safety to customers and their funds. The impunity for scammers is also a big disincentive for investors this time.
War. This is a double edge sword point: at same time efforts and expenses with war demand more money, it could be also a powerful booster for bitcoin, because donations can be sent to both sides of the war in cryptocurrency. The adoption and usage could be increasing, consequently impacting the market positively. Moreover, sanctions encourage people using crypto to avoid the prohibitions when transacting to foreigner lands.
Interest rates (economical policies). The FED policy caused a lot of damage to crypto market this year. The constant increasement on interest rates by regulators took big players of crypto market to the traditional market in USA and possibly Europe, because interest rates were also raised there.

carlfebz2

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Quote from: Silberman on December 27, 2022, 01:04:02 PM

Quote from: Cling18 on December 27, 2022, 12:09:58 PM

Quote from: xzy887 on December 27, 2022, 09:39:11 AM

Investing in Luna now expecting Luna to return to its former state is nothing but foolish. Because Luna is down a lot now and it's hard to know if it will ever come back up like Bitcoin. Even if it wants to come back, it will take a long time. But I think it will be over before then. And at this time if you invest on Bitcoin then you can get more profit.So like a fool, run after Bitcoin now without putting your invested money behind Luna. And if you wait until the end of the bear market then you can make a lot of profit.

Why would you trust a coin that has ruined the trust of its investors over Bitcoin which is well-established and has shown us great movement for years? The prices might be down right now but it's still worth buying. Bitcoin will always be a good investment despite the market situation. We all know how it could drop down and strike high again in time. There are just many things that affect the market but that doesn't mean that it won't recover again.

It is obvious the people that are investing in luna even now are just taking an unnecessary risk by doing so, they expect that by investing a few dollars now in luna it recovers and they can become millionaires by risking almost no money at all, and while on the surface this may seem like a good plan this is very unlikely to actually happen, so even if the amount they invested is low they are still wasting their money as they will never obtain the benefits they dream about.

People never ever learn, if they do have those bad experiences on shitty projects which causes for them to experience total disaster then why they are still continuing on making out such risky decisions or trying out

to play with fire? Its never been worth honestly, but people do really keep on engaging even its really just too obvious that it is really just been driven by some hype.
When you do step your foot into this market then you should really be that too mindful about taking up risk and making some rush decisions.

Market is something that you cant be able to predict easily with.You would be needing lots of considerations and other stuffs on making things
to be in controlled somehow.

Silberman

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Quote from: Cling18 on December 27, 2022, 12:09:58 PM

Quote from: xzy887 on December 27, 2022, 09:39:11 AM

Investing in Luna now expecting Luna to return to its former state is nothing but foolish. Because Luna is down a lot now and it's hard to know if it will ever come back up like Bitcoin. Even if it wants to come back, it will take a long time. But I think it will be over before then. And at this time if you invest on Bitcoin then you can get more profit.So like a fool, run after Bitcoin now without putting your invested money behind Luna. And if you wait until the end of the bear market then you can make a lot of profit.

Why would you trust a coin that has ruined the trust of its investors over Bitcoin which is well-established and has shown us great movement for years? The prices might be down right now but it's still worth buying. Bitcoin will always be a good investment despite the market situation. We all know how it could drop down and strike high again in time. There are just many things that affect the market but that doesn't mean that it won't recover again.

It is obvious the people that are investing in luna even now are just taking an unnecessary risk by doing so, they expect that by investing a few dollars now in luna it recovers and they can become millionaires by risking almost no money at all, and while on the surface this may seem like a good plan this is very unlikely to actually happen, so even if the amount they invested is low they are still wasting their money as they will never obtain the benefits they dream about.

Woodie

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Quote from: xanto on November 19, 2022, 06:29:38 PM

Hi all,my friends
I've been away from cryptoworld for 2 years

Welcome back mate, alot is going on out here..

Quote from: xanto on November 19, 2022, 06:29:38 PM

and i want to ask something to the esteemed audience
What the fuck is going on here?
I'm sorry,i don't have any other words
Why is bitcoin trading at 2020 prices?

Several reasons have negatively affected the price of bitcoin such as the Russia-Ukraine war, Supply and demand at play and since price tanked this could be as a result of low crypto demand, exchange hacks have also contributed to the falling prices but with time markets will be bullish again as this happens quite often unfortunately Roll Eyes

Quote from: xanto on November 19, 2022, 06:29:38 PM

because of the government sticking its nose into this market?

Well this is a 50/50 thing as for some countries like El Salvador the governments involvement has contributed positively to the crypto ecosystem while other govts have denied its people the financial freedom they seek... But in due time everyone will get this freedom.

Cling18

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Quote from: xzy887 on December 27, 2022, 09:39:11 AM

Quote from: Rahul09 on December 27, 2022, 09:22:33 AM

I would never say that it is stupid to buy bitcoin now. Because I know that if you want to make a profit by investing in something, you should always try to buy at a low price and sell at a high price. And I was talking about the luna, since it has come down so much that everyone will want to invest here as well. But like Bitcoin, can it return to its previous state in the future? And if Luna wants to go back to the way it was then I think it will take a lot longer.

Investing in Luna now expecting Luna to return to its former state is nothing but foolish. Because Luna is down a lot now and it's hard to know if it will ever come back up like Bitcoin. Even if it wants to come back, it will take a long time. But I think it will be over before then. And at this time if you invest on Bitcoin then you can get more profit.So like a fool, run after Bitcoin now without putting your invested money behind Luna. And if you wait until the end of the bear market then you can make a lot of profit.

Why would you trust a coin that has ruined the trust of its investors over Bitcoin which is well-established and has shown us great movement for years? The prices might be down right now but it's still worth buying. Bitcoin will always be a good investment despite the market situation. We all know how it could drop down and strike high again in time. There are just many things that affect the market but that doesn't mean that it won't recover again.

xzy887

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Quote from: Rahul09 on December 27, 2022, 09:22:33 AM

I would never say that it is stupid to buy bitcoin now. Because I know that if you want to make a profit by investing in something, you should always try to buy at a low price and sell at a high price. And I was talking about the luna, since it has come down so much that everyone will want to invest here as well. But like Bitcoin, can it return to its previous state in the future? And if Luna wants to go back to the way it was then I think it will take a lot longer.

Investing in Luna now expecting Luna to return to its former state is nothing but foolish. Because Luna is down a lot now and it's hard to know if it will ever come back up like Bitcoin. Even if it wants to come back, it will take a long time. But I think it will be over before then. And at this time if you invest on Bitcoin then you can get more profit.So like a fool, run after Bitcoin now without putting your invested money behind Luna. And if you wait until the end of the bear market then you can make a lot of profit.

Rahul09

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Quote from: DanWalker on December 25, 2022, 04:58:49 AM

Quote from: Rahul09 on December 24, 2022, 01:16:10 PM

Quote from: Adbitco on December 24, 2022, 05:10:38 AM

First as a member who have been on this forum for so longer you should have understood the price of bitcoin and it's movement, get it that bitcoin price increase and decrease is not something new to the system and without this movement there would be no bear and bull you were very lucky to have sold at 2021 at the new ATH. Bitcoin price doesn't really controlled by government but i can partially say it was from recent dust of Luna and FTX, so you are pretty lucky to have it at cheap price again buy and hold.

But if we buy and hold them now, will we have any profit? I mean, luna,Ftx likely to ever be the same again?
I think never. And even if they want to get back to the previous state, it will take them many years. And if you work well in the market without spending time on them, you can get double the profit. So I think it's kind of stupid to keep buying them.

Are you referring to those 2 dead tokens or bitcoin? If you think it's stupid to buy bitcoin from now on, I can assure you that you will never be able to make a profit in this market. The way to profit from bitcoin is to buy low and sell high, and it was the collapse of Luna and FTX that made bitcoin cheap. For me and many others here see it as an opportunity, a rare opportunity to own bitcoin cheaply.

If you invest in bitcoin and choose not to buy it while it is cheap and wait for bitcoin to be high to buy, then I will be the first to thank you. Because you will become our liquidity pool in the next bull season.

I would never say that it is stupid to buy bitcoin now. Because I know that if you want to make a profit by investing in something, you should always try to buy at a low price and sell at a high price. And I was talking about the luna, since it has come down so much that everyone will want to invest here as well. But like Bitcoin, can it return to its previous state in the future? And if Luna wants to go back to the way it was then I think it will take a lot longer.

Oilacris

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Quote from: jaberwock on December 25, 2022, 04:05:53 PM

Quote from: xanto on November 19, 2022, 06:29:38 PM

I've been away from cryptoworld for 2 years and i want to ask something to the esteemed audience
What the fuck is going on here?
I'm sorry,i don't have any other words
Why is bitcoin trading at 2020 prices?

It's all part of the game played by big players with insane amount of funds and ability to switch market however they want. With a single tweet from Musk dogecoin which is a shitcoin was pumped so heavily so you can imagine the big players who have the funds, time & reach to control the market how easily they can turn the tables.

I don't think it has anything to do with the government because I don't think CDBC are just useless since they are technically centralized.

The $65k or whatever the ATH price was, it was just an illusion and BTC was never meant to go that high because it doesn't make sense. It was just a smart move by big players to create FOMO and force buyers into buying BTC over $50k and now creating FUD to force the same buyers to sell for $15k.

If you are really that experienced enough on how this market behaves then you would eventually be able to notice out those things on how big players or simply those whales are really playing on the field.

This is why its not really that ideal or something good for you to contrary on what they would eventually be doing but this wont really be that easy. This is why always be wise on making a move.

Go with the flow and sell out if you do have the chance or something that you are really in greens.Be wise and be aware on what are the things happening
around.Although not all news and events does make out some impact.

GeorgeJohn

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Expressing our selves the reasons or while Bitcoin price depreciate in the market, it will be quite wrong from my analysis, but nevertheless, you know before you left cryptocurrency that the market is not stable, so since the market is not stable, theirs every tendency that the price of Bitcoin might go higher or fall beyond expectations, from another way round, the price of Bitcoin can increase through the determination of the demand and the supply, when the demand is greater than the supply it's obvious that the price of Bitcoin will accelerate, but right now the supplies is greater than the demand.

jaberwock

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Quote from: xanto on November 19, 2022, 06:29:38 PM

I've been away from cryptoworld for 2 years and i want to ask something to the esteemed audience
What the fuck is going on here?
I'm sorry,i don't have any other words
Why is bitcoin trading at 2020 prices?

It's all part of the game played by big players with insane amount of funds and ability to switch market however they want. With a single tweet from Musk dogecoin which is a shitcoin was pumped so heavily so you can imagine the big players who have the funds, time & reach to control the market how easily they can turn the tables.

I don't think it has anything to do with the government because I don't think CDBC are just useless since they are technically centralized.

The $65k or whatever the ATH price was, it was just an illusion and BTC was never meant to go that high because it doesn't make sense. It was just a smart move by big players to create FOMO and force buyers into buying BTC over $50k and now creating FUD to force the same buyers to sell for $15k.

Topic: What happened with crypto? (Read 1008 times)