Topic: Will Crypto survive? - page 5. (Read 911 times)

What happens next? No one really knows.

Being on market for long years will really make yourself that fully aware on whats happening around which it would really be just normal that you could really make out comparison
on each year and cant really deny that this year alone is the worst, but doesnt mean that this market would be over.

It would really survival of the fittest,even everything turns out to be shit and too extreme bears around but it is really that impossible that we would really be
like this forever.Lets just not make ourselves in a hurry on seeing greens or bull run so that you wont really be that getting stressed just because you are waiting for something
which we dont know on when it would happen.

I am not worried about bitcoin at all, the fundamentals of bitcoin are still as strong as they were before the collapse of Luna or FTX, however altcoins are the real problem, we do not need 10000 different coins, do we really have 10000 different ideas and applications for the blockchain that we need so many coins? Obviously not, so I hope that during the next year at least half of those coins disappear, I know they will soon be replaced by other useless coins but we need to reduce that number somewhat as that number is simply unsustainable.

My encouraging words will be never give up hope on btc, it may not look hopeful right now but there is always a light at the end of the tunnel.
Btc must have witness more harder winters in the past where many people thought the end of btc has come, btc is dead and all, but 10 years after, btc is here and much more stronger and popular.

As for alternative crypto, well it all depends on the project and the team. It is mostly in this period that you can separate long term players from quick money grab teams. There is nothing much a team can do in terms of price than to keep building and developing the project to be more solid, build more partnerships that will support the project positively.  Any alts that is focus on these at this hard time will surely go a long way.

Volatility is common in the crypto industry. But if the worst things happen here over and over again, the market will simply react accordingly. Yes, the market has crashed as a result of a series of disaster and dramas. To be honest, I don't see any credible reason for the market to recover anytime soon. Because the news is always full of terrible news. So far, no good news.

However, this does not imply that the market will vanish. Remembers previous history, after every bear season, we see ATH. So, we don't know when, but the market will recover. El Salvador purchases one Bitcoin every day. As a result, it would encourage others in a different way. More investors would fly if Bitcoin dropped further. Of course, paper hands will disappear out.

The current bearish season certainly provides a lot of risks for traders if they are not careful. this moment becomes a routine moment because this season keeps repeating itself even though it is a bit different. A lot of negative news appeared to affect the crypto market and coupled with some negative events that made the current market continue to be bearish.

New projects that have quality will survive and be able to weather the current winter. They tried to hold on as hard as they could. Several projects seem to be currently under hype despite the bearish bitcoin market. We have to buy as many assets as possible to get ready for the next season, namely the bull market season, we just have to wait.

wow you've been in this market for a long time, you've been almost 10 years now, you've been in this market for many, many years, in my case I've been in this market for 5 years, I'm still new to the market but I've already seen a lot of things, especially in the times when china dominated the market where whatever the chinese government said the price of bitcoin fell at the same time, those were dark times


this is a problem that has no solution in the short term, governments have not made laws to be able to carry out inspections on exchanges, so we are all just going to continue using exchanges, of course we have to use them with caution and suspicion and not use exchanges as if they were wallets , but that's all we can do, there's no other short-term solution. we need exchanges to trade, so we will have to use them


no doubt that this time many people were burned a lot and it will not end anytime soon and will end up in the courts and will end with arrests, the fact is that the size of the hole is very big and many people lost a lot of money


yes, for the time being there is no way to be positive given that there is not even a short-term solution to this whole problem yet, the market has a greater chance of going down a lot than going up, so we are going through dark times


the only thing people can do is hodl for as long as they can

It's hard to argue. Especially now, when the involvement in cryptocurrency is only growing every day. But I don't think many users bring it prosperity. Those who do not understand this just want to increase their money, they invest in crypto, and at the first sharp drop in the price, everyone sells. But at the same time, their dissatisfaction generates a negative atmosphere around cryptocurrency. There are a lot of them, and they all judge whether a cryptocurrency is alive or not, only by its price. It doesn't matter to them how much technology and projects appear around it.

There are a lot of beginners and there will always be beginners coming up in future. When some person starts investing in crypto, he does not have the information about the saying "Not your keys, not your coins" . These people have just got to know about crypto from some friend and purchased it on some exchange and let it be there. Also, there are old people who are not that much technical.



I agree that it is not the fault of bitcoin. But image of bitcoin is tarnished because of this. People associate crypto with bitcoin and when they face any scam in crypto field , it is natural that they will develop a bad feeling for bitcoin and other coins also. I will not be surprised if majority of people who lost funds due to FTX collapse completely go away from crypto for life.

Crypto can survive this winter because I believe crypto still has the strength to overcome the negative news or what is happening in the market today. You don't need to worry about current market conditions because you've experienced them before, so I'm sure you will have a way of dealing with them.

Just let the new projects that can't survive this winter because other new projects will replace them after this winter. We have to find a way to survive and we should be able to buy more bitcoins in the bear market.

I don't know if you are referring to projects in the sense of CEX or various altcoins that sprout like mushrooms after the rain, but Bitcoin does not depend on them, even if they all fail, Bitcoin will survive. What we need is a lot of firm regulation regarding who can start a crypto exchange and in what way, and that the same CEX cannot list various at least suspicious projects.

In other words, people like Kwon or Bankman should be made as difficult or completely impossible to play in the crypto world because, firstly, they do not know what they are doing, and secondly, they do not accept responsibility for their actions. Both of them should be in prison, and all their assets should be seized and sold so that their clients can at least partially settle, and when they get out of prison, they should be banned for life from doing any business related to finance.

Why not? this is not the first time a project has crashed or an exchange has crashed, we have been through these things in the past and have overcome them all and this time I also believe that nothing is difficult for bitcoin or for the market in general. Because bitcoin dropped from $69k to $16k and you start doubting the existence of bitcoin then I believe you have been in the market long enough but you don't understand bitcoin yet. If you have ever followed the history of bitcoin development, in 2009 the price of bitcoin was less than 0.01 USD and compared to the current price, it has increased hundreds of thousands of times. This can't be a failure or dying, even if bitcoin doesn't bounce back to $69k again, it can't be called a failure.

It seems different now because "crypto" has never been farther from Bitcoin at this stage. Sure, we had the 2017 ICO era with thousands of shitcoins spewing out of Ethereum but you now have scores of Ethereum lookalikes, spewing out dozens more of crypto we'll never see or hear about. Exchanges creating money out of thin air, newcomers to crypto never actually knowing how to use crypto, wallets, much less own a single satoshi.

Bitcoin doesn't just survive these things, it thrives. Price reflects that only later on.

Yes we must agree that this time and specifically since the start of 2022 the market started a bearing run and a bad one, negative news and events coming one aftet another and most communities started to become a mess and selling out their tokens. Beside many rug pulls of exchanges and hackers also played a big role in destroying many projects and burning big money of users. A lot of people lost hope and became scared of putting more money inside crypto. To survive from this fall we need a very big good news which we hope to see in this close near future before 2023

People got burnt on centralized exchanges and altcoins, ftx was a centralized exchange and both ftt and luna were centralized coins or tokens; people got rekt because they put their funds in centralized exchanges, or that they held worthless coins.

Was there a person that lost a cent because BTC's security was breached, did the hash rate go so low that a malicious miner controlled 51% of the network, did BTC's price fall to 0, did mining stop completely, was everyone rushing to sell all their BTC away killing off all of its demand, etc, none of these ever happened, and we are closer to seeing the sun rise in the west that for all of these to happen. There is no beginning of the end for BTC, it has a unique usefulness.

Well, during the first years when bitcoin was made and launched, too many people have doubted already. They said that it's just a joke money from the internet and not so many will be interested and serious about it.

But how many years have passed? How many great ups and downs has happened? It has recovered regardless of how low it has been. Be still and this is just another passing for the market to get more mature.

This is not just your tention for youself. Crypto
Seeing this state of the currency, everyone is now in fear. And this year all the problems have come on crypto. The price of many rank tokens has dropped to the lowest price and many tokens have bid farewell to the market. And for that, maybe your question is, will the situation of Bitcoin be like these?
In my opinion it will never happen. Cryptocurrencies will exist as long as this world exists.And you should know that cryptocurrency is still there for Bitcoin. And from today to tomorrow the crypto will be a little stronger. And one day Bitcoin will be used everywhere. Then Bitcoin will become our wealth. So no matter how bad the market is, we shouldn't be fools thinking that Bitcoin is ever going to end. But the market is correct
We have to wait for a long time.

Stay strong and believe in crypto currencies. As a 9 year veteran you should be more optimistic, right now we are just in another bear market. Crypto will survive as it has in the past. Up and down cycles are part of any financial assets and as long we are not selling at the moment we should be fine. In my opinion this is good time to buy, rather than selling any of our coins. Look forward to the world going back to normality. The war in Ukraine has to end eventually, inflation can't stay in double digit territory forever, economic growth will come back. Once we beat the recession everything is going to look much better again. In a few years people who have up on cryptos and sold all their coins will feel terrible. The long term trend for cryptos is still upwards, a few bad events are not going to change that.

Same here for me. The market needs to go down for a bit, maybe it is one of the longest period of a bearish market with all this luna and ftx issues. But I think the market will go up eventually after all of the shit coin holders go out. I am not also scared of this situation I saw bitcoin hitting 60k as well as going down under 5k.

Centralized exchanges collapsed doesn't affect Bitcoin since Bitcoin can be trade via P2P or using decentralized exchange, so Bitcoin will survive regardless anything happen on centralized entity, including government ban Bitcoin.

But for those centralized shitcoins which can be only trade in centralized exchanges or centralized swap platform, coins with low volume will collapse and the top shitcoins might collapse after no one trust it anymore. It can be because the project has done wrong or hacked.

When we say future, we can't really explain what more it brings to us but as we can see right now regarding bitcoins exchanges, it's not really good but it doesn't mean that it will gonna be like that until the future comes. There will be lots of changes from now on and I'm pretty sure that the legit exchanges will recover from this unexpected tragedy also investors are more careful now than before. The good thing is, we always find a way to tackle and solve the problem and I think the hard wallet industries nowadays are getting more sales than before.