Topic: Will Crypto survive? - page 6. (Read 912 times)
The market is going through very difficult days and today bitcoin price is down again, but is anyone here like me? I don't feel nervous or scared, I see the market is moving in the right direction. I mean there need to be these drops and the market needs constant cleaning, weak projects or investors who just want to get rich quick shouldn't stay in the market. Maturity requires trade-offs and sacrifices, a market that only goes up is an unsustainable market.
My old experienced, Cryptocurrency is surviving long time.Bitcoin is long term survive coin.But people worry about Bitcoin? But why? i think, people who worry about bitcoin then i think he didn’t about bitcoin properly. I still believe cryptocurrency or bitcoin will be more time survive in future.
Regulating these crypto exchanges especially the centralized ones will help lessen frauds like what happened to FTX.
We've seen similar instances of these in the past and we've also saw Bitcoin declared dead 453 times according to 99bitcoins and here we are still. We are still on our way for Bitcoin to reach $100,000. We are still in a way to see the new technology being adopted globally. We are still seeing crypto surviving despite of what's happening. We might see different altcoins going down gradually because of this bear market but cryptocurrency in general will survive.
We've seen similar instances of these in the past and we've also saw Bitcoin declared dead 453 times according to 99bitcoins and here we are still. We are still on our way for Bitcoin to reach $100,000. We are still in a way to see the new technology being adopted globally. We are still seeing crypto surviving despite of what's happening. We might see different altcoins going down gradually because of this bear market but cryptocurrency in general will survive.
Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?
Words of encouragement? Put your coins in a safer wallet. A wallet where you will hold the private keys. I guess that's enough words of encouragement for you. 
Cryptocurrency will definitely survive through but the worry is which of them? the more we keep having new exchanges and they are introducing their own currency as well and the more the pool of other cryptocurrencies keep increasing daily and many are getting knocked down as well which same is applicable to exchanges, but bitcoin will always prove the regidity to stand against any other form of digital currency that follows after it, this also calls forbus to know the type of cryptocurrency we venture into and have bitcoin with the highest priority over others.
One simple thing to keep in mind -
"Not your keys, not your coins!"
Crypto veterans have been saying this since a long time. Now probably is the time to pay attention to it. We all understand that we are going through a bad time and a lot of people will have to take hit from FTX collapse and other exchanges exposure to FTX. But as we have always done, we will get through it! Some hands will burned but they will get the lesson of a lifetime not to repeat their mistakes!
Also, it is important to notice a tremendous opportunity it gives to us to enter into crypto market at a rock-bottom price point. That opportunity may never come back again!
"Not your keys, not your coins!"
Crypto veterans have been saying this since a long time. Now probably is the time to pay attention to it. We all understand that we are going through a bad time and a lot of people will have to take hit from FTX collapse and other exchanges exposure to FTX. But as we have always done, we will get through it! Some hands will burned but they will get the lesson of a lifetime not to repeat their mistakes!
Also, it is important to notice a tremendous opportunity it gives to us to enter into crypto market at a rock-bottom price point. That opportunity may never come back again!
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Did too many people get burned too bad this time?
Is the negative outlook too much now?
I worry that this may be the beginning of the end to many long lasting projects and potentially bitcoin itself... This crypto winter has at least another year to run its course and we are still watching the FTX fallout unravel.
It's some tough times, indeed... All the bags of worthless tokens that were once projects of potential.
Is the negative outlook too much now?
I worry that this may be the beginning of the end to many long lasting projects and potentially bitcoin itself... This crypto winter has at least another year to run its course and we are still watching the FTX fallout unravel.
It's some tough times, indeed... All the bags of worthless tokens that were once projects of potential.
1.The people, who got burned should have known the saying "Not your keys, not your coins". Do not trust a centralized company, it doesn't matter how "trustworthy" this company appears to be.
2. The end of a bunch of crypto scams has nothing to do with Bitcoin. The Bitcoin blockchain is fine. The BTC miners are still mining.
The Bitcoin price is surprisingly stable in a time of constant FUD and bearish signals.
3."All the bags of worthless tokens" were bags of worthless tokens since Day 1. The fact that those projects were backed only by big promises doesn't prove that they were "projects of potential".
The crypto winter kicked off and the first casualty was Luna... 6 months later we watched Ftx collapse, and now many "Trustworthy" and "Safe" exchanges are playing games with user funds due to the mismanagement of assets and too much exposure to Ftx.
What happens next?
Exchanges that do not have a plan will still struggle, and their reputation will be harmed, possibly due to a lack of reserves to keep the exchange running as FTX did.What happens next?
People who have Bitcoin in their personal wallets, on the other hand, have nothing to worry about because you have your private key in your possession, so your Bitcoin will remain there and no one can hack it without your private keys.
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Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?
Anything that has a beginning must have an end; the bear market has arrived and will soon depart, though we do not know when; however, our primary trust in Bitcoin should keep us active and strong; additionally, we should be adding more Bitcoin to our portfolios because Bitcoin is currently the only trusted coin to hold. 
I worry that this may be the beginning of the end to many long lasting projects and potentially bitcoin itself... This crypto winter has at least another year to run its course and we are still watching the FTX fallout unravel.
We've heard the death of Bitcoin more times than we can count on both hands and yet here; Bitcoin is still at a higher price than over 60% of any of its previous prices.FTX fallout is a crash and burn being repeated in different forms for individuals who keep trusting platforms over self custody, it's not the first and would not be the last.
Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?
The future of crypto as a whole would largely be a switch of the current shitcoins to different ones which would again attract newer investors and the cycle continues. Majority of the current altcoins on the market would not exist in a few years and would be replaced by newer ones.1BTC would always be equal to 1BTC.
Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?
No matter how we cut the cake, we have to realize that this entire crypto arena is in a consolidation phase for now. So, it's no surprise that Bitcoin fails to break new all-time highs over the next few weeks. If and when it peaks, BTC price will likely sideways a little more before resuming its vertical rise. So if someone is sustaining a long exposure for a while, do it with both eyes open.
I don't know how long or how clear it will be down, but I'm sure the price will rebound. Keep believing and don't regret anything because we can all become billionaires even when the bitcoin price drops to $12,000 later.
It depends on what you mean by "crypto" and "survive".
The shitcoin market (aka crypto market) will continue to exist and survive the same way it has been surviving so far, by pump and dumping to attract gamblers for quick profit/loss based on their bets on different altcoins. It is not actual survival though since the altcoins will remain useless and without any actual adoption outside trading.
As for bitcoin, nothing has changed and nothing will change. It is going forward with the adoption and if anything the recent FTX thing proved how much stronger bitcoin has gotten. You should know this better if your claim of being around for 9 years is correct! Each time a hack of such scale happened the crash has been massive starting from 40% all the way to 80%. This time we only saw a 15% drop and this is during one of the worst global economic crisis in bitcoin's entire history.
The shitcoin market (aka crypto market) will continue to exist and survive the same way it has been surviving so far, by pump and dumping to attract gamblers for quick profit/loss based on their bets on different altcoins. It is not actual survival though since the altcoins will remain useless and without any actual adoption outside trading.
As for bitcoin, nothing has changed and nothing will change. It is going forward with the adoption and if anything the recent FTX thing proved how much stronger bitcoin has gotten. You should know this better if your claim of being around for 9 years is correct! Each time a hack of such scale happened the crash has been massive starting from 40% all the way to 80%. This time we only saw a 15% drop and this is during one of the worst global economic crisis in bitcoin's entire history.
Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?
You can find them all at the Wall Observer thread.
In the future, crypto exchanges will be heavily regulated, almost like banks. That is a good thing, because it means they won't be able to get away with lax business controls.
Everyone has already implemented KYC and KYB. The next technology to be developed could be something which I call Know Your Institution (KYI), with verification requirements for the exchanges themselves similar to how we need to get verified and they're all strict about it.
After almost 9 years of playing around with bitcoin and cryptos I have nearly seen it all.
The Fall of Mt. Gox was all the rage, the crypto markets collapsed for years, and yet, it seemed like there was just so much more potential during that time, so much excitement and shilling...
The markets collapsed, but the communities were strong.
Now seems different...
The crypto winter kicked off and the first casualty was Luna... 6 months later we watched Ftx collapse, and now many "Trustworthy" and "Safe" exchanges are playing games with user funds due to the mismanagement of assets and too much exposure to Ftx.
What happens next?
Did too many people get burned too bad this time?
Is the negative outlook too much now?
I worry that this may be the beginning of the end to many long lasting projects and potentially bitcoin itself... This crypto winter has at least another year to run its course and we are still watching the FTX fallout unravel.
It's some tough times, indeed... All the bags of worthless tokens that were once projects of potential.
Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?
The Fall of Mt. Gox was all the rage, the crypto markets collapsed for years, and yet, it seemed like there was just so much more potential during that time, so much excitement and shilling...
The markets collapsed, but the communities were strong.
Now seems different...
The crypto winter kicked off and the first casualty was Luna... 6 months later we watched Ftx collapse, and now many "Trustworthy" and "Safe" exchanges are playing games with user funds due to the mismanagement of assets and too much exposure to Ftx.
What happens next?
Did too many people get burned too bad this time?
Is the negative outlook too much now?
I worry that this may be the beginning of the end to many long lasting projects and potentially bitcoin itself... This crypto winter has at least another year to run its course and we are still watching the FTX fallout unravel.
It's some tough times, indeed... All the bags of worthless tokens that were once projects of potential.
Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?
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