Bitcoin Forum

Question of thought...

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

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

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

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

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


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

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

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

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

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

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


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

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

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


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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

Op is asking the first question as a hypothetical, but plenty of cryptos existed back then and many survived with varying degrees of success (Ethereum did really well, for example), so the answer is yes, they could and did survive, although some died, more or less. So Bitcoin isn't the only one to survive, but those that never fully recovered probably weren't good enough in a sense that not enough people stood by them, believed in them, were ready to invest despite a bad period of time. And a big point of calling it 'winter' IMO is that it presupposes that it's something temporary, something that may last a while but will eventually pass.

For the aspect of other coins growing when bitcoin survive in winter period, its only coins that has potential can increase when bitcoin  is increasing in the market, and its obvious that without bitcoin getting accelerated theirs no coin can flag off a green color during bitcoin time having red colour in the market, so I believe that bitcoin is activator of increments of other coins.

To begin with, I strongly advise against comparing Bitcoin to any other "shitcoin." These low-quality cryptocurrencies are unlikely to survive, regardless of whether or not there is a crypto winter. However, genuine altcoins have demonstrated their resilience alongside Bitcoin. Bitcoin has always been a highly volatile cryptocurrency, and experiencing winters is nothing new for it. Nevertheless, Bitcoin has managed to persevere due to the unwavering support of its community. The state of the market depends on investors' mindsets; if they become fearful, we may encounter another crypto winter. On the other hand, we are also witnessing summers. This is precisely why Bitcoin became popular so quickly.

I ever made a thread about crypto winter on my local board and lots of discussions there in detail about why this happened. But, even despite discussing many pages, we get 1 point, if hold and patent is an important things to solve the winter problem. As we know, bitcoin price is always back in ATH, we believe that because we have experienced it in 3 times. And, I know you still doubt it because you were just born today.

Don't worry mate, there are many like you today. they were worried like you before but by over time, they are immediately convinced.

There were tokens that did not survive, now classified as scams.  But there are also lots of tokens that survived because they receive a lot of funds in thier ICO. It was a painful bear market as there were lots of newcomers in crypto because of the ICOs and it also had installed a valuable lesson after it.  The bear market in 2021 is not already affecting much since those investors already know what's coming. This cycle will keep repeating.

The bear market of 2018 was a very intense one, to me, it is much worse than the bear market of 2022. Many altcoins were dead at the time, but there are still many serious projects that still exist and thrive to this day. Typically ETH and BNB, you can see they are still developing very well.

Many people fear crypto winter, but I find it extremely useful. Winter makes the market cleaner as well as more mature. Only good projects will survive and develop, fraudulent projects will be eliminated. Đó là một điều mà thị trường bò không thể làm được.

I have a different view than you.

I saw a 2022 bear market is dramatically worse than the 2018 bear market. Many projects died in both bear markets but in 2018 bear market, we did not see terrible and unbelievable collapses of Tier-1 exchange like FTX and its token FTT as well as another super quick death of a top altcoin like Terra LUNA and UST. I could be wrong but I see 2022 bear market is more deadly than 2018 bear market.

Maybe technically DeFi 2.0, smart contracts are bad and they created higher risk for altcoin projects.

I think you can find the answer to question 1 just by looking at the coins then and coins now? It would've been different if it was a hypothetical question, but it's not.

As for 2,  it's simply a difference in quality. It's like how Facebook survived and grew to what it is, leaving behind other old social media websites in the past in the dust. A difference in the quality it provided, whether it be in service, product itself or whatever. It's not without reason why a lot of people separate crypto into two, Bitcoin and shitcoins (or 3 if you add those good altcoins)

Many survived but many more eventually disappeared and all the cryptos that could not survive during the crypto winter were those that had no purpose of use and were also made only to get a lot of money from investors and left the development of the project just like that because they realized that it's not easy to make a coin that can become big and get a lot of attention from crypto lovers

The reason is always the same because Bitcoin has good fundamentals, the initial reason for its creation is clear so that this clarity makes many crypto lovers support the development they need every time, which is very inversely proportional to other coins

It is a fact many altcoins survived the crypto winter back then, some examples are ethereum and litecoin, but there were many other altcoins which survived too.

Why do you think bitcoin would have died back then? Bitcoin suffered a huge setback, that is undeniable, but at the same time while the crash was terrible, it was not as if the technology behind bitcoin had suffered any kind of attack or an unknown vulnerability was reveled at the time, bitcoin was still as solid as a technology as ever, and as such it had no reason to at all to disappear.

What happened in 2018 also repeated itself in 2022 with Bitcoin dipping again after it saw $68k+ in 2021. It bled badly after that. Now it's coming out of it and chasing another ATH. After this expected new ATH that will come upon us in 2025, I forsee that Bitcoin will dip seriously again in 2026. Historical data has proved this over time, only that we can't say for sure how badly it will dip during any bear season.

In 2018, that bear season drove so many cryptos to their grave. A few survived it and exposed the shitcoins among them. Thereafter, new (more) cryptos came to the market and the circle continued. I witnessed it all and took some hits too. It has always been the pattern. I don't see anything changing in any bear season.

I assume there were many cryptocurrencies that didn't survive that severe crypto winter. If Bitcoin fell all the way from $19,500 to $3,300, it must have been a lot worse to those cryptocurrencies that didn't have the strong community as Bitcoin. If that kind of impact happened to Bitcoin, a much stronger impact must have happened to so many other less known altcoins. And the reason is simple, the rest of the cryptocurrencies are not as solid as Bitcoin. In fact, so many of them, the majority probably, are shitcoins.

1) Many coins will survive and many coins will disappear, high marketcap and included in top 10 coins doesn't make them able to survive. We have experienced many coins kicked out from top 10 ranks due to hack, low security, the CEO scam etc and that's make the investors want to commit suicide.

2) It's because Bitcoin created with a clear use case, no manipulation and no one can control it, so Bitcoin can be the most trusted cryptocurrency regardless it's bull run or bear market.

Bitcoin is different from other Altcoins because it has some features that is not belongs to others. One of these features is that Bitcoin is a decentralized cryptocurrency. It can be transmitted independently all over the world without any restriction. Bitcoin is currently popular as a payment method for various organizations and gradually its area is increased. After the discovery of Bitcoin, other altcoins have been created. Moreover, altcoins are often prone to scams, which is not happen in the case of Bitcoin. Even after a long period of time, Bitcoin is able to reach its highest level, but it is not possible for altcoins. So many altcoins have been created and die. But all aspects bitcoin is the best.

Bitcoin is a cryptocurrency with a unique use case in the market. The demand for it is always there because it can not only be used for investment but also can be used as a currency and a payment method. So crypto winter is not as dangerous for bitcoin as you might think.
As an investor, the winter of the market is what I look forward to the most because it will be my chance to buy bitcoin and my favorite coins at a huge discount. I even wish it could last so I have enough time to buy cheap bitcoins as I like. Crypto winter is good, not as bad as many fear.

Yes, it's a personal feeling so it can't be the same as anyone else's. But maybe I'm more obsessed with the 2018 bear market because I lost a lot and almost lost my investment in 2018. Maybe that makes me find it more dire. Bear season 2022 with the collapse of Luna and FTX, but I have barely suffered any damage or loss from the 2 crashes, so I feel pretty normal. On the contrary, I was satisfied with bitcoin being dumped because I had the opportunity to accumulate a lot of cheap bitcoins at that time.

you just checked the 2016 ? why not the 2021 since you created this thread days ago, because for sure there is more interesting things that you will discover.

Bitcoin in 2021 reached almost 70k and drops low to? check the market and yes below 15k .

if this can happen then the answer is already given , because altcoin will always following that bitcoin movement.

Since there weren't as many cryptocurrencies back in 2018 as there are now, most of them survived the crash because there weren't this many shitcoins and useless projects at that time. Most of the coins that have been on the top along with Bitcoin survived though falling badly in price since Bitcoin had a very severe crash.

About why Bitcoin survives the crashes, it's mostly because there is a lot of money invested in it and as soon as it falls lower in value, there is higher buying pressure which basically backs it up and it manages to recover slowly from the crash every time.

It is true that the projects in 2018 are very few compared to the current number of projects. But most of them are also dead and only a few projects actually survive and develop to this day. Apart from ETH, BNB, LTC, and some other projects, the rest I don't see anyone mentioning them in the market.

Bitcoin is still the most reliable cryptocurrency, so it is understandable that it still exists, moreover, it has the largest market cap if it crashes, then the market crashes.

I think you got the answer from everyone. But through this, I want to tell you, if you want to invest in the market, start and choose only bitcoin because it is the most valuable, most reliable coin to invest in. Bitcoin is the coin that will never crash and always recover the fastest in the market, and only when bitcoin recovers can the rest recover. If one day bitcoin crashes, I can assure you that this market will also cease to exist. If your investment doesn't include bitcoin in it, that's a serious omission.