Bitcoin Forum

Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.

There are many crypto assets that are currently in the market and are backed by nothing. This has shown that when it becomes too risky to invest in shit coins and why we should avoid it.


Moreover it's becoming clearer that in future a lot of shit coins are going to fall on their face and wipe out from the system.

The fall of FTX also showed the lacuna of POS as well. While ethereum moved to POS. I believe it has in one way or other affected the crypto ecosystem to lead to this fall.

Believe it or not the future is of crypto regulations. The thousands of crypto projects which have been launched without any meaningful backing are going to fall on face.
It's time of retribution for those altcoins

All the naysaying  and scepticism of bitcoin will going to end soon. As in a well regulated market only are few currencies will be traded. And for sure bitcoin will lead from front.

What do mean bitcoin will lead from the front. It's already ahead and already Goated.

Every bear market leads to the death of shit coins and with the current saga combine with the bear market more will follow suit.

As for POS nothing more to say infact the recent saga around Centralized exchanges as proven that POS doesn't have a future due to its centralization, I just hope investors do not realise it late.

The previous bear market had a significant negative impact on altcoins, but it didn't kill the market completely and didn't kill trading either. This time around, some will also lose their market capitalization and never return to former glory, but others will remain and then experience growth along with Bitcoin when it starts recovering.
I agree that regulations are the future, but regulations should be centred around protecting customers from losing money by big oversight of operations of companies like crypto exchanges, not on penalizing users, depriving them of privacy and restricting their options. Moreover, regulations should not extend the practices that are related to other businesses, so that they remain reasonable and fair.

Not until the next Bitcoin Halving which is scheduled for April 2024.

If comparing POW with POS then of course POW will be the better choice because it brings decentralization but the collapse of exchanges, specifically FTX in recent days, I think has nothing to do with POS. All the people who lost money in the FTX crash are aware of the risks of putting their money in FTX but they chose the risk to seek profit and they were too subjective to trust FTX completely.

Definitely. From the past years we've seen this industry fell but it got up multiple times. Bitcoin as the mother coin has the biggest tendency to got up from this bear market. But since the market is still struggling and the factors affecting the market price is still present, we might not see the recovery before this year end. Maybe next year but eitherways, know your goal as an investor. If you cannot afford the market behavior, choose to withdraw for now because no one knows when will bullish trend exactly occur in this industry, so expect red marks on your assets. Surely it will but you'll be needing huge amount of patience before that day come.

the regulation i think should just be limited to stablecoin and exchanges not the miners, not on non custodial wallets or token stakers and leave the privacy to the users outside their scope. scratch  all that.

no regulation at all will be better. ripple(XRP) losing against SEC, fight may just be over and altcoins will succumbed. BTC will be regulated if green energy government prevail and miners are regulated.

What happened to bitcoin? Bitcoin is going well, yes the crypto market is down or you can say some of them are facing some issues for Cz or anything else, but bitcoin is going strong! We need to stop calling the bearish market is bad, and the bull market good. Both are good for Crypto and bitcoin.

An expensive lesson for the newbies and people who just invested in cryptocurrency. For the oldies and people who have been with cryptocurrency a while longer, we have had better experience with other coins like Luna that also performed in similar manner, so we are quite used to these situation and know that all these are just the bad days of cryptocurrency and the better days not just the good days will surely be back soon.

Newbies that just invested in cryptocurrency should be not be discouraged, these are the not so regular occurrence in cryptocurrency and it is not a sign that you should quit cryptocurrency.

BTC in currently on the top and not even a single crypto have challenged the position of BTC yet. Neither one could in the future too for sure.
All these shit coin projects are popping out of nowhere and fading away eventually, but surely.

I respect your opinion and agree on this.
After this crypto winter, many will rise again but fade away by time. Only Bitcoin will hold its position.

The lesson we all have to learn: "don't trust the exchanges, just leave a little money on the exchange and money that can be traded in case someone does a day trade" and always withdraw the profits. for those who do not day trade, there is no reason to leave coins on exchanges. also be very careful with new exchanges, from what I saw even when we can see the exchange owner's face we can still be robbed, it was supposed that when someone exchange owner shows his face he doesn't steal for fear of being arrested, but not even when they show a face not afraid of being stolen.


most people know that more than 70% of altcoins will disappear with time, because there is no way for them to compete in this market, with so much copy/paste that exists in this market, many altcoins no longer have any sense of existing anymore, the owners probably already they are leaving little by little, they are already rich, they have already secured their future and they have no idea how to improve the altcoin so the solution is to abandon the altcoin


this is something we are all seeing, exchanges ask for KYC and even casinos ask for KYC and there are still not many countries that have made laws for bitcoin and we are already having a bad time with the damn KYC, so the future and even the regulation, there is no how to get away from it

if you turn off social media.. (quieten the noise of voices)
 you will notice that in the real cryptospace of crypto currencies.
(coins have no voice) it was not a massive earthquake. it was just a shudder

if you add up all the user accounts of coinbase binance,bitfinex, and all other exchanges. estimates as 300m users
so. FTX shook just 0.4% of people

99.6% of people(including me and you) were unaffected and are just gawkers and gossipers

bitcoins market price pre drama seen a $17k price. so a $16k price is not a ground breaking cavity for people to fall to their death in.

its just a wave of normal tidal movement being at low tide.

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as for regulations
well alot of people think "regulations"  is just KYC

its not.
regulations come in different forms:
(-)user oversight
(-)business protection (cant litigate them if under a shield)

(+)business oversight
(+)user protection(make business actions illegal to protect users)

we do need to see more user protection regulations and less sweep a business practice under the carpet (ignorance)

but there are other regulatory things itching at the door trying to get into the crypto space
CFTC+EPA want to limit or restrict mining.
limit/restrict how much users can invest

I think it's never going to end. It was there when bitcoin was trading for 100, 1000 and it's going to be there at 100k.
Banks hate bitcoin
People who panic sold and lost hate bitcoin
Gold bugs like Peter Schiff hate bitcoin
Old farts Like Warren Buffett who failed to recognize the value in it hate it as well
Politicians who don't get it like Elizabeth Warren hate it
Eco terrorists from green parties around the world hate it because its easiest to attack something that doesn't defend itself

They won't stop hating it because there's another bull market, but bull market doesn't need them to stop hating to come. Bitcoin has its ups and downs and now it's down, so the natural way from here is up.


Maybe sooner. According to this (https://buybitcoinworldwide.com/halving/) the estimated date is March 23.

Surely Bitcoin's good days are coming soon. But we saw a time when Bitcoin hovered around $69,000.This peak position of Bitcoin proves that Bitcoin will definitely increase.However, we may see a new record for Bitcoin between 2023 and 2024, if not by 2022.You wait for the new record and those who are long term holders buy Bitcoin and invest for long term.Current time is good time for Bitcoin holders.

I was in no way comparing FTX situation to POS it was just an example that no matter how clearer its looks once two or three people can control something like exchanges then it will lead to manipulation. With POS I think the highest stakers control it more than the others. What if two or three people have the highest number of the coins and they decide to withdraw them wouldn't affect the other smaller stakers and in this sense isn't coin central between them.

 Major example is Lido and Coinbase controlling almost 40% of ethereum nodes. Can these two manipulate the ethereum node to there favour? Then its slightly similar to CZ controlling Binance

Of course that better days for Bitcoin are bound to come. Bear markets come and go and Bitcoin always stays stronger. Now with the centralization wreacking havoc among shitty altcoins, Bitcoin will end up collecting all the perks that will come with it.

While shit coins have their days counted, for Bitcoin, the ride is just beginning.

what you learn is user of full nodes are decentralised. but they mainly follow what their favoured services deem as the chain to follow because if their favoured services are following something else they are ignoring the users transactions. so users follow the exchanges decisions on all coins
(exchanges are deemed "economic nodes as oppose to just user nodes)

with coinbase also a custodian of users stake. those users again wont wont to go against their favoured service because saying no to a coinbase decided change is destroying the coins out of users stake to pay miners of the winning chain

so again users follow their favoured service.

this makes places like coinbase a double threat to control. becasie they have coin, code and user fanbase control even if the change is bad. their fans will follow or fear losing their stake
...
ethereum when PoS only had a market price trhat was 2x above value because as PoW value was high . but now in PoS the underlying value has droped 15x.. to a new gap of 30x but the price has not corrected yet. so expect ethereum price to drop soon.

right now ethereum is not trading based on its own merit of its own userbase of utility of token demand. it is if you look at the markets.. is blindly following bitcoin prices. meaning ethereum is being held up not by ethereum activity but of market arbitrage holding it up artificially

bitcoin is at great value to buy. ethereum is at bubble inflated premium and not good time to buy

If anyone did know about bitcoin old price chart.Then i think, they have good Knowledge about bitcoin price dumping and bumping. Every time bitcoin price surprised us when bitcoin dumped then.I also believe bitcoin price will be grow up again and bitcoin price will be recover again like 2021.

Bitcoin has always been leading in front, it has always been on top and there is no doubt about it.
Most of us are already aware about the future of shitcoins it was called shitcoin for a reason, and I don't get why people have high hopes for those project when we are already aware that those project would only last for short time(most of them would be used by pump and dump groups to gain profit).

It should be but once the authority touches the cryptocurrency industry, it is a package deal.  Meaning, crypto will be regulated from mining to distribution, the government are greedy they always wanted a piece of the pie.  So they will regulate and monitor mining activities to tax them.



No, we have seen lots of scams and fraud already.  That is because crypto isn't regulated yet.  Though I only favor regulation on cryptocurrency projects that conduct crowdfunding since we have witnessed that lots of these ICO, ITO, IPO, IDO, etc.. are just created to make money and don't really deliver their promised road map until the developer declares bankruptcy or run away with the money.

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About Bitcoin, it is already proven that despite all these cryptocurrency scandals and fiasco, Bitcoin always comes back strong and be able to break its ATH so I don't doubt that Bitcoin will be back to its bullish path but I think it will not happen anytime soon.

I'll have to agree with Franky1 that the fall of FTX mostly shook the news but did have an impact on cryptocurrencies, which in my opinion, it was just a minor and temporary dent. Only a minimal percentage of cryptocurrency users were actually affected, and the market is likely to recover back to $20,000 levels in a couple of weeks at most.

This should be a lesson to all of us, including ourselves, firstly to not trust third-party services and especially such coins that are backed with pure air.

While I agree with the other things you've mentioned about altcoins. The skepticism will never be gone for bitcoin, there are people that are for anything risky and would like to have an exploration with their investing journey. They're the people that are open to new things like bitcoin but, there are the people that would like to stay conventional and traditional and that means, they're permanent with that belief and no matter how hard you explain to them what bitcoin is, they'll never believe.

A couple of bad things happened in the crypto space over the past few months. Consider the Luna crash and the FTX drama. This is incredibly harmful to the entire crypto industry. So that's why people are afraid to invest in cryptocurrency recently, which has been leading a bear season. What can we expect if so much shit happens in the crypto market? The dump is then expected. To be honest, I don't any solid reason see why Bitcoin should recover anytime soon. We need a credible reason for this. It is constantly breaking support levels that led recovery more difficult. But, yes, the market will recover either today or tomorrow.

Honestly I don't see any reason that bitcoin will return to bull direction any moment. It requires a very strong fundamental to upturn the market from the beat direction to the bull direction and I am not seeing such a fundamental any close to us.

The Bitcoin support keeps breaking and going down the more. When bitcoin rallied around 20,000 dollars for almost 3 months,  I thought that $20000 would be the support of Bitcoin till we get to the next bull which may happen by April 2024. But I was surprised to see that the supposed $20000 support was further broken, honestly there shouldn't be any high hopes till the end of 2023 towards 2024.

The exception is on the bitcoin network only, while other cryptocurrencies may be affected, bitcoin is independent of any other currencies because it's the first decentralized digital currency introduced and has always maintained it's standard and value all time.


Though alot of people have been withdrawing their asset from centralized exchanges and about $3.7 millions have been evacuated already from exchanges into personal wallet, but i won't surprise is hearing that some are still looking for more altcurrencies projects to invest with.


They actually got backed by something but in a deceiving manner, they will pump finance into a project and raise expecta high for people to invest large amount and later withdraw all their investment thereby taking away other people's asset in it.

This incident related to FTX has indeed shocked many parties, as happened with LUNA in the past. And many people have lost their money in this tragedy. Yes, indeed investing in the crypto world today must be more serious and careful. Our rigor should come down to whether they have backups or not. And from this FTX incident, I believe that exchanges and other projects will be increasingly thinking about having backups of their platforms or projects. So, this will minimize incidents like this. Although that does not mean eliminating this possibility, minimizing it.

Bitcoin itself is different, it is the basis of cryptocurrency. I'm not sure that Bitcoin will be dropped and immediately dropped and failed like the others. Because Bitcoins are different. We already know how many times they tried to bring down Bitcoin with various FUD, but finally, Bitcoin can also rise again and exceed our expectations. This is because of our strong reputation and trust in Bitcoin.

The market will recover today or tomorrow is just on a basis of hopeful thinking. It is good to have such hopeful thoughts despite the ongoings with FTX  recently and other failed coins. I for one do not think that these happenings can entirely debase the stands of Bitcoin as it has proven to be confidently steady, not considering bearish or bullish turn of market events.  The market will always recover and new perhaps more profitable coins and opportunities to invest and earn huge will come.
Good days are always within reach and Bitcoin I believe will catch up, and favor those faithful in its business.

Proof of work is far more secured than proof of stake algorithm since pow give us decentralization and prove of stake open us up to centralization of the network, since with proof of stake, the wallet with the highest stake volume control the network confirmation and this give power to few whales that can tempered with the transaction process since their have the higher stake volume.

But then pow also have its own shortcomings and one of them is the energy consumption by miners, but even that is taken care of by the use of another source of energy supply.

According to users a year ago, it was the end of the world since everyone got priced out of Bitcoin. Now, that Bitcoin has been discounted in time for Black Friday, people are complaining about it collapsing. Don't know about you guys, but we're very much in the good days, and have been for the past decade, and a bit.

Price is temporary, value is permanent. As long as you remember that, you'll have a more positive outlook on things. What does it mean exactly? Price can be influenced by a lot of things, and it does. However, the core values of Bitcoin, and why it's successful in the first place still exist. For example, being responsible for your own wealth, removing the middle man, and tackling the centralised world we live in. That's the value side of Bitcoin, and why there will always be demand for it.

The only thing that truly threatens Bitcoin, is a global ban which is extremely unlikely. Increased regulation sure, but that actually promotes growth, and therefore is a good thing.

There is nothing as good and bad day with bitcoin. With every market it is possible to experience the bullish and bearish movement. With bitcoin it happens all of the sudden when nothing is expected. Users who have well understood about the market have got the ability to make good money unlike the market movements.

If you thinking bullish days were the good days then you're wrong, because if we were able to buy at the bottom then bullish days are good. So, every market is important and need to be considered good days.

What do you mean by backed my nothing? Bitcoin isn't also backed by any physical asset or anything, but it still have value due to user confidence. The other "crypto assets" that you are talking about is are shitcoins that people don't trust. Hence, those coins eventually die and you are left with nothing. It has always been clear that those coins will eventually fall, yet people still invest in those coins wishing to get reach real quick. But not sure what FTX has to do with those coins or POS. Unclear what you are trying to express.

A shitcoin that is not trusted by people but is supported by a few people who make it hype and end up being a detrimental trap. No shitcoin can last that long. people who come only for shitcoin and invest their money in shitcoin just want a quick profit, but in the end all the money is not coming back and shitcoin is a scam. Bitcoin remains at its best, decentralized, without any physical backing. and bitcoin became the cradle of all shitcoins.

The good thing now will be, that market will now be a cleaner place Excess of shit coins made crypto space more like a gambling ground.
Authorities too have learnt their lessons, that meddling with bitcoin won't help them either. they will be more supportive now , this will help bitcoin in long run..

I don't think the fall of FTX has anything to do with Ethereum shifting from PoW to PoS. Altcoins may shift from one consensus mechanism to another but it does not in any way affect the fate of centralized exchanges. Altcoins may fork. Altcoins come and go. But they don't dictate whether a crypto exchange will go bankrupt or not. The fall of FTX is mainly because of mismanagement. It happened because Sam Bankman-Fried and his associates were irresponsible!

No matter what other protocol has come, POW remains the best and bitcoin has been the best decentralised and anonymous. Such was the vision and works of Satoshi that after so much of search of alternatives for decades , bitcoin still remains the best

The problem is that not really a big chunk of population is involved in crypto right now.
While crypto is the future, but most of them are not concerned.
I assume there will be a tussle between  the holders and regulators for establishing their authority. sadly I assume anonymity might get compromised due to security concerns, but decentralisation is going to stay here.

The final outcome of FTX is entirely a matter of their supervision. The collapse of FTX made investors aware of the risks involved. However, it is possible for Bitcoin to come out of a bear market, and it is necessary to have enough patience in this circle.

Hopefully, when I wake up, the price of Bitcoin will return to this time last year. Now Bitcoin is precipitation, and it has excluded many people.

Thanks, you made a nice point that we should not trust the third party for managing our crypto. Most of them are not really very customer friendly. But they have taken the lead and majority of new investors are trading through these 3rd parties only.
How can people really learn to handle their crypto assets, can you help me out on this.

It is normal for the market to experience a bull market and a bear market. The current price is temporary. The important thing is whether the future value is worth waiting for. The fundamental reason why Bitcoin attracts investors is still there, and the people who are interested in Bitcoin are still there. As long as people When there is demand for Bitcoin, Bitcoin grows.

people in general have all their lives been incodrinated into trusting banking systems as custodians. where they have had government insurance protections to ease their mind of distrust.

crypto however does not have these same government protections for crypto custodians. so its a education to teach people about self custody

the main problem is newbies getting into crypto for the first time were given sales pitches by other people they know in a short "get rich quick" scheme or told how bitcoin is secure, but not really explaining the finer details of differences of fiat compared to crypto, and risks

finer details are simple
bitcoin. deflationary, more secure in self storage. not middleman custody
fiat. inflationary. more secure in banks not under your mattress

If you don't want to invest in altcoins, you can choose bitcoin and forget about the other coins. Having bitcoin as your investment is enough because bitcoin is leading the market to rise again. We don't know what will happen to the other coins but all coins will surely change their position and only the truly valuable coins will remain in the market. When a bear market comes, it will eliminate most of the useless shitcoin listings altogether to improve market conditions, and this has been the case for many years. And if you only have bitcoin, you will not regret choosing bitcoin because it is bitcoin that will give you the biggest profit.

See at this time I see no actual pumps coming to the market because it's kind of in the crash period and it will take time and huge investment for the prices to rise up from here.We are entering into the end of this year and contrary to our expectations of high prices we are stuck at $16k so in next six months we can be above say $35-$40k actually so wait till that time and hold it for long term.

POW is a bitcoin identity that cannot be replaced with POS. Because POW is clearly decentralized and POS is clearly centralized.
Like ETH turning from POS to POS. Bitcoin is still the best among altcoins and new projects are coming all the time.
Bitcoin is no longer in doubt.

its not a crash period
bitcoins value is not derived from its ATH point. bitcoin value is derived from its low point.. which each cycle(4 years) that latest low is higher than the low of previous cycle

bitcoin has returned to GOOD VALUE

people are suppose to buy low sell high
they are not suppose to lock value in at a high to then sell low.. thats just stupid to trade like that

this is bitcoins good time to buy moment not a "crash/fear" moment

..
stand on the ground.. ground your self into rationality. and then look up to the future.. dont float in the clouds looking down
dont do it for me.. do it for your own stress and fear levels. it will help you

we are not "stuck"
the market is testing the lows. testing it as a new non-zero support to then move up from.
testing the lows is a good thing. because once its tested enough that no one wants to sell below. where all those that could have done so or come to not want to.. then the markets move up

then knowing no onewants to sell below.. a new low can be found next time even higher

forget watching ATH.. watch the periodic lows. and watch how the periodic lows grow over time.. that is where the value lays. that protects your value.
ATH are just temporary events that dont last a day

Maybe the pumps won't come yet because the market is still declining. We really hope that at the end of this year, there will be an increase experienced by bitcoin so that we can get a little profit before the price goes higher. It can help us to survive in this bear market if the price can still fluctuate because we can try to buy low and sell high. But in a situation like this, we have to be more careful in buying bitcoins because we don't know if the price of bitcoins can be lower than now.

I believe good days or bad days for bitcoin are not actually related to a platform like FTX or any other changes. What happened to them will change people's minds about holding bitcoin in exchanges we all knew holding money there could be a big risk but regardless of that, this won't change anything about bitcoin itself, and regarding the bear market, many people think we won't see a valid signal about finishing the bear market before the next halving because that's what happened during the recent halvings.

POW's energy consumption as well as bitcoin's would be justifiable because it creates value for everyone, I hardly care about the government's bullshit accusations about POW's energy problem. Just like industry or technology today, everything consumes electricity and generates waste.  But as long as it creates real value it's not wasteful and normal.

and now it has been proven that bitcoin is very feasible to make long-term and short-term investments. because investing in altcoins that are not of high quality is really very high risk. and lots of altcoins that fall and harm many people.

That's why I consider the bear market as the terminator of scams and shitcoin projects in the cryptocurrency market. This is already proven even though the last bear run started in 2018. The best example is the ICO fever, a lot of projects before vanished and turned into scams. But look how Bitcoin standing now, it's still the king and on the top.

If we compare the bear market of 2018 with the current one, then the difference is very significant, since the ICO initially had a lot of fraudulent projects focused on taking money from investors, and that’s it. And now we see how large exchanges like FTX, or other large projects go bankrupt, and they definitely didn’t intend to deceive their investors, they planned to work on the market for many more years, but stronger players simply take them out of the market.

This only says that big players with big money come to the crypto, who eat the weak. This is a good sign for me, as it says that they see great potential in the cryptocurrency market and we will see growth, I hope in the near future.

Actually bearish market do affect any coins in the market depending the potentiality of the coin, so many of shitcoins give off during a bearish market, but sometimes not some do give off, because of the investors who are on queue investing such particular coins, so i will agree with your suggestion and in same vain make you to understand that fews coins do survive via bearish market.

That is why bear season is important because it will eliminate any insignificant and worthless coins in the market that will just confuse the investors and potential investors in the crypto market, just think of it as a useful season to get things sorted for you so that you won't be wasting your funds in coins that doesn't have any utility. Along with the elimination of shitty worthless coins, valuable coins on the other hand will rise and remain until the the bullish season will come.

It's someone who doesn't research before venturing into investment of cryptocurrency will liable to venture into a no valuable shitcoins, because before someone venture or margin into any cryptocurrency investment and especially all this shitcoins you have to conduct a research concerning that particular project should Incase of bearish market.

Everyone expects growth in the near future, but the current state of affairs is still a very risky one to enter. the big will eat the small. The failure of an exchange like FTX was purely the fault of their CEO and greed was also the main cause. The current downward trend is indeed dominated by several large crypto projects that have collapsed and resulted in damage to trust in crypto, FTX is the biggest cause at this time, and many investors are starting to distrust centralized exchanges.

It is good when we will have less coins. There will be less confusion to chose from.

I think the principle of "Survival of fittest" will apply to crypto coins as well. Only coins which are genuine and have some specific use will remain alive. The real shit coins will be dumped eventually. And new developers will also understand that there is no point in creating shit coins anymore. Overall we will have a  much more clean community that will benefit the crypto users and investors. Bitcoin will always be the leader because for beginners crypto means bitcoin.

Bitcoin pump is around the corner and we should be expecting the bull run up of it sooner or later. So we should get back on our heel and bagged more Bitcoin this week, and keep it for the promising future. The dump is very critical and have really affected the market badly, the dip have been here for a lengthy period of time. We also needs to be aware of the glitch, in as much as aiming to bagged more pieces of bitcoins, we can't afford to lose our money to the dip. We should take preservative measures in bagging it and definitely we'll see profits when it pumps.

There is no time Bitcoin is being rejected across the world who I believe that Bitcoin he still have it on value except that I don't know exactly what you're saying cuz bitcoin will soon be back means that the price of Bitcoin crash or collapse or the distance was no longer effective to the bias because since this year it could have been into existence and more investors are becoming so I'm just seeing this guy twice in other currency

OP, there's nothing you said there that aren't already in the public space. Investors know that shitcoins will always be what they're but they think they're going to be lucky and get out before it collapses on them each time they invest in shitcoins on short time. Sadly, they get caught in the web.

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Don't pay any attention to naysayers. Those who say that haven't been long enough in this industry to notice and be reassured that Bitcoin is the pillar of this industry.

Bitcoin prices may soon move higher as analysts believe that the recent decline represents a brief period of profit taking that is coming to an end 2022 is fueling a bullish narrative among the world's largest crypto investors. Many investors were disappointed after the market did not stabilize but bitcoin will reach good position again many investors are leaning towards bitcoin and now is the right time to hold.

Whatever happened with FTX exchange is a hard lesson that the world of crypto will take a thing or two from, but saying this is the end of crypto is nowhere near reality tbh! Btw all crypto crashes are kind of a blessing in disguise as this onboards extra users to this digital world, as this gives users to feast on some cheap coins and overall triggers demand which will push price up with time. Like they say " it's darkest before the dawn" don't lose faith markets will regain their momentum anytime soon  8)

the failure of FTX is not the failure of the whole crypto ecosystem. it is just one of the many hurdles that this market has experienced. on the other hand, this opportunity is a very good one to those who are waiting for the btc to go down. for those who are waiting this period, they can easily accumulate satoshis at a very discounted price level. now, we are facing another failure of a crypto-related business, in the name of blockfi. as they filed for bankruptcy. for sure, there are so many people who  will be affected by this recent fallout. just make sure your funds are within your noncustodial wallets.

if investors are inclined towards bitcoin, maybe I totally agree with you, it's clear that in a situation like this, you will choose the one that makes the most sense and can be a handle, of course, the alternative is btc which is the best, although there are ethereum and BNB which can also be very potential companions after btc.
but I think there is still a long way to go for there to be credible changes, because 2023 is where it is expected that the crisis will begin to show and it will be clear that priorities will be set for using the available funds. it is likely that investors will only wait for the right time by just trying to wait, probably will not make excessive transactions.

but of course we won't know in the future, but in my opinion while we invest in bitcoin it will certainly be safe, because investing in bitcoin is not a big risk. It's different from investing in altcoins, which are very high risk. for example like people who invest in ftx. so I think everyone must be very focused on bitcoin and more and more people don't believe in altcoins. so bitcoin in the future will be very good potential.

you need to know, bitcoin from the beginning until now has also been at the forefront, among other altcoins.
even if yesterday's FTX incident didn't happen, bitcoin will still be at the forefront.

because it's not bitcoin that depends on altcoins, but altcoins that depend on bitcoin.

Correct. It is altcoins that are dependent on bitcoin so no matter how hype they are, that's just going to stay for a while, and then it's gone. While for bitcoin, they may say that its growth is kind of slow compared to the hyped altcoins that they have. Still, it's one of the most stable assets in the world and also one of the most profitable. So, even if there are a lot that would say that it's more profitable to hold altcoins, the road there is too bumpy unlike bitcoin where there's more safety net.

any links or proofs about those claims? or those are again speculations ? how can you be so sure about that when the investors you are calling are disappointed to what runs the market this year?
what will 2023 has that 2022 does not?
sorry but to my belief? we will experience this till 2024 , though there are some ups and downs that commonly happens in our way mate.

How soon was that matey? because the last time I check Bitcoin is still struggling to even hold 17k till this 1st week of December ends and there are so much fear that instead of growing , this year end is sideways.
there is no word in crypto that all the time , instead each cycle has a timing and that is about either growing or falling .

We don't need the analyst to tell us that as it's public information that after a bull market, bear market follows which last for sometime until the hype of Bitcoin halving takes effect then the market starts recovering. Right now the market is oversold that Why we're seeing signs of recovering happening but we shouldn't be carried away yet.

We should still stick to dollar cost average as that's the best strategy to buy Bitcoin until the market fully recovers. If you rush into buying now and we dip further, you will miss out on opportunities to have bought at a lower price.

It is very difficult to predict that the bitcoin price will return to stability like in 2016, in my personal opinion, to wait for a good day for bitcoin, it will take at least two more years, although now the price of bitcoin is going up and down, but for bitcoin to return to the way it used to be, it is very unlikely in the near future, but anything can happen, because the price of bitcoin is very difficult for us to predict,

In Bitcoin history there are some negative and Scam news to make Crypto at lower and lower rates and buy at cheaper price and than sale at higher price cause there are only few people that are anonymous and they are making tons of money. There will be good days when all of New people and greedy people will be wiped out and they do not have enough money cause at that times these whales will have enough money to pump and make benefits from Cryptocurrency Market.
Moreover we will see new types of scam dumps to crush market and for instance recently they are killing big projects like FTX, Luna, Solana, Serum Etc.
In 2017 and prior thee were ICO scams and also China Antminers scams. And they are not new.

Once called the world's most profitable asset, it cannot be called the most stable. The higher the return, the higher the risk, so bitcoin is not the safest or most stable asset.


The sad thing is that up to this point, there are still a lot of investors who believe in the predictions of experts and analysts without doing any analysis. There are no experts or analysts here, all just predictions based on historical data and charts, they just like us, make predictions that may or may not happen.

that is the point here mate , all are speculative and none can tell what is the true coming so let us not believe them completely instead just try to invest little each coin that we think will be great sooner.
so if we lose then there will be no big losses then.
but it is not completely true mate , there are expert though cannot bring 100% correct but they can assess what will come closest .

In short, when we invest, we must be responsible for our money, we can consult other people to have a more multidimensional and general view of the market. But never rely on their predictions or completely trust them to invest, the final decision should be made by us.
In the market, there are bad analysts, but there are also professional analysts. However, I still prefer to invest with my analysis because I am using my own money, not someone else's.

After FTX's thunderbolt hit the wounded everywhere, Binance launched a recovery plan for the web3 industry. In fact, FTX has grown like a pustule on the body of cryptocurrency, and it is getting bigger and bigger with the development of the industry. It's just CZ that was pierced with a needle. But CZ is not a philanthropist, but a businessman. The war between CZ and SBF will continue to ferment, and the industry will fall into a deep quagmire. There is always hope, but it takes time.

OP= pavadas!!
You words walk through the classic, well-known Alts ideas and by mentioning bitcoin, you intend to give it a sense of discussion on the board (I suppose), and then it seems that you have just discovered water lukewarm with FTX... any crash with any other crypto/exchange was announced more than 12 years ago, just at the time bitcoin was born, but people want to put on their seatbelts (Not Your Keys, Not Your Crypto) a second before.

On the other hand, the individuals involved in these projects have been highly responsible, users must definitely understand what the rules of the game are and must stop being idiots and feed centralized projects making new rich and many new (+) poor, history of why it was born bitcoin, is repeated pitifully, now with a frequency that enters the sitcom field, so, every year we are "aware" and we wait for any Alts or exchange to succumb to say next Atls-Exchange...

It is difficult to determine the price of Bitcoin because it takes hundreds of whales and millions of little shrimp to make Bitcoin green in the market.
I don't think it's too difficult, if bitcoin hits the price at 22k again at the end of the year this will be a bullish sign for the crypto market.
The 22k price in Bitcoin is a very sacred price that can determine the fate of Bitcoin in 2023.
But with the uncertainty of expectations, we should buy with the DCA strategy, this will be a better solution for your doubts

Bitcoin price is just mass psychology. If the price starts to rise for some reason, people will think they are missing out on the next bullrun and start to invest also. This will continue until people are scared enough and start to sell.

Bitcoin is in a cycle of death and rebirth ever since it gained public traction. Not too long ago we experienced once of the worst bear markets in history, dropping bitcoin's value to almost below the 10k support price, yet in a few short months the market bounced back and bitcoin achieved high value status and set a new all time high at around 60k. I don't think strong hands are afraid of another dump or whatever. We've seen this kind of stuff back then and this wouldn't be our last bear market so to speak, there'd be more chances of bitcoin recovering now more than ever and as the halving nears, this only gets more possible by the day.

As for the tragedies that happened in the cryptocurrency world. it is a price to pay for being one of the most profitable ventures out there, people will be out there to criticize you and some to take advantage of your lenient nature to scam people off of their hard-earned money. My heart goes for the people who have lost their investments after the crash, but believe me when I say that we will bounce back sooner than you expect.

As I understood, OP starts from the principle regulations are the reason why bitcoin is going to have its price pushed upside again soon. However, the main historical factor to benefit bitcoin's price has been the halving, not regulations. And that is something which is going to happen only in 2024, so there is a long time by there yet. Meanwhile we don't know what can happen to bitcoin. The market is still too pessimistic regards cryptocurrency. We are probably at the worst moment in the whole bitcoin's timeline, due to so many big scams happening in this environment.

the end of 2022 was indeed a difficult year for bitcoin as it entered a long bearish market phase. and this was also exacerbated by the FTX crash that made the crypto market even more rocked.
Currently, the closest hope for bitcoin to return to its last ATH price is the bitcoin halving. apart from that the adoption and also some positive news will help in the recovery of the bitcoin price. Let's hope that the upcoming 2023 will be a year of recovery for bitcoin as well as altcoins. It's time for the bull market to arrive and those of us who are still holding out can enjoy the benefits.

bitcoin price is something that we know that is not stable and they considering the fact that it is raclette best on the market cap so many people have understood the fact that the increment of Bitcoin or down for our weekend started from the market cap so when the market increase all the demand is increased then it is when the price of Bitcoin will go higher

I am 100% sure that it will continue and there won't be any problems at all. Price will recover and we are going to be doing a lot better. I am not entirely sure if it will be seeing or not, but I am sure that it's going to be higher than right now.

People are looking at things too low, like I get it, there is a reason to be pessimistic about the price because of the whole year and the bear run, but that doesn't mean that it will continue to be like that forever. I get that we have seen it for a while, and the world economy is shitty but that doesn't mean that we should be expecting bitcoin to be under 20k for the whole 2023, that's not realistic o expect.

We can see lot of those in new projects here especially new shit coins out there without any real use-case world project and just bunch theories. They will end up scamming others money.

There are always something about those people. They think that every major event happens could make Bitcoin in this case will going to dead but what we get here? Bitcoin is not dead considering how many times they speculate Bitcoin will be dead in every speculations media you can find in the internet. Reading what they speculate is interesting though but thinking Bitcoin is dead? Meh

Bitcoin does not have any problem I believe that cryptocurrency or bitcoin will continue irrespective of whatever challenges that is facing what is happening in crypto world is lack of investment if some people invest in Bitcoin it will trigger bitcoin price chart that have another shape of understanding

On the time that you had step your foot into this market or place then you should really make yourself prepared at least on facing up the possible things that might happen ahead and this is especially with volatility.

Bitcoin or crypto cant really be that stable and we know that this market couldnt really be just having one path or movement to be made off which does simply means that even we are seeing very bearish state

of the market or simply with Bitcoin focusing alone, it cant just be possible that it would really be remaining to be like this forever.There would really be a time that it would
really be showing off some greens too.

Don't be so optimistic, there will be a big bomb soon.
You can't have a bull market without extreme fear.

Of course, it will come soon, the bear market is normal, and Bitcoin will hit a new high. Although it has many negative effects on many altcoins, Bitcoin is making a comeback.

In this long bear market, many junk projects have been eliminated, and the market has gradually improved. If you don't know what currency to choose, choose Bitcoin first. Owning Bitcoin is enough, it won't let you down.

Rainbow Chart in my other post said is the already bottom and i will share the other one with you guys this pattern. and i hope the bearish end this year and we can start to recover on next year

https://i.ibb.co/P5bMJvZ/btc.jpg (https://ibb.co/p3sQNBv)