Bitcoin Forum

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?

You can find them all at the Wall Observer thread.

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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.

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.

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.

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.

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.

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.
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.

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.

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".

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!

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

But OP can always be sure that bitcoin will remain one of the best assets and currencies in the crypto industry. Despite all the problems that the current failed project is experiencing, bitcoin is still working as it should. They just need to realize that the best wallet for the long term storage of their bitcoins is not a centralized platform like an exchange or online account. So they need to have wallet that they have complete control over because your keys are your coins.

I agree that the market will not disappear just because of the collapse of some projects like Luna or FTX now. The market will recover over time, but not anytime soon as the crypto market has to gain more trust after the Luna and FTX debacle. Fortunately, our countdown to the next halving is getting closer by the day. So there should be great confidence in crypto which itself will also increase demand.

On the time that you had stepped your foot into this market then you should really be that prepared.OP might be that already almost a decade experience in the market but still his emotions and trust with

crypto is been shaken on the current or recent events happening in the market which i couldnt really deny too that it is really worrisome if you are really that optimistic or really believing into its potential.

Just like the rest been saying that this isnt always ends up on the things that you do have in mind.Always anticipate that storms would really be coming in the way
and the most important thing is that you do really make yourself prepared and being smart for whatever chances or opportunities which you could really take advantage.

See this as an encouragement, as along as this forum exist, and there is a strong community behind cryptocurrency particularly bitcoins, crypto will keep surviving. Whatever dissapointment that you are facing with cryptocurrency, console yourself with the knowledge that you are not in the only person in this situation and although some people have quit cryptocurrency, some other persons have stuck around and are going nowhere.

Lots had get stuck
Lots had lost their money
Lots are holding negative
Lots are losing their confidence and trust in the market

Its true that you arent the only one who do experience this.Lots had been on the same situation which its better to make yourself
that aware that in every bear market, there's always a bull one afterwards.No one knows on when it would be happening but its
sure that its up there.

From my understanding I understand that bitcoin is safe can survive enemies so there is no way you can invest in Bitcoin all government Will rise against bitcoin and bitcoin have an issue or die forever so it is a personal technology that have it home control without any other person so that is why we began to reason in different aspect of the technology of Bitcoin and how bitcoin is going to stay four more years

This Is a total shake out going on right now and the sanitization of the crypto market, Basically where those bad/Scam project out there will go out of business and won't survive the heat. Therefore I so much believe that Bitcoin and some cryptos will definitely survive all this, So to me is just a test of time for cryptos and I do believe there's gonna be a light at the end of the tunnel for the entire crypto market, when regulation is in place.

If not for the varse negative effects these kind of incidents have in the entire market, I would have loved that these kinds of events occur from time to time in order to sanitize the crypto industry. If these bad days are not experienced, the scam projects will live a little longer and claim some peoples fund.
Then,the bear market has so much prolonged that I would want a little green for some months to rekindle the hope and enthusiasm in the cryptocurrency industry.

The cycle is still the same after ATH, there will definitely be a bearish trend. I can't remember what caused the bitcoin price to drop in 2018 after late 2017 hitting ATH, but this year FTX and Luna may be the reason for the drop. But I wouldn't worry too much about how new cycles will form again, and this will happen. Bitcoin is still the most potential asset in the long term, so I think it's about time they take advantage of the current price drop for a long term investment.

Many bad events have taken the order of the day in crypto, the massive dump of Luna and FTX, are both among the serious dip we have experience this year. This year is one of the worst season in the space, the market affected everyone, but the ones that suffered the most are the investors who were full of Hope about their investment, like some investors have top investment capital in Luna hoping to see it pump one day, only to wake up one morning and see everything one have saved have liquidated away, without the blink of an eye, I saw my $400 dip $50. It's really frustrating to noticed that, losing heavily in crypto is one of the factor I hope, I don't experience again.

The cryptocurrency network runs upon the trust from the common people who have been using cryptocurrencies for some need. It can be for trading, investment, long term profiting etc. It have survived more than a decade, during which it have encountered many serious issues. At some point it is said that bitcoin is not the original one. It came crossing all such hurdles. So, there is nothing to worry about its survival making connections with the ongoing events that have disturbed the market.

Definitely crypto Industry will survive.  Cryptocurrency Industry is bigger than this recent scandals, scams and fiasco.  The negative effect of the current FTX incident will slowly fade away as people move on after the scandal.  Eventually, the market sentiment will be normal once people moved on and carry on with their regular activities. 


It is indeed frustrating but it will be gone as time pass by.  The moment the market become bullish, people will forget about the incident of LUNA and FTX.

I don't think the number of people who got burned matters that much. It's rather the perception of crypto. After Mt. Gox came a new wave of hope, new hype, new narratives. What will come after this crypto winter? More and more people see that crypto is not useful. That almost all crypto activity is trading one crypto asset for another in some sort of casino. Crypto is not making people's daily lives better. It's not used in real world finance or other practical applications.

The bankruptcy of a platform does not mean the bankruptcy of the entire sector. For those with experience, they know that these shocks are normal and their frequency or timing cannot be predicted. But in general, what is happening in terms of collapse proves that the wave of adoption is on the rise, and these mistakes are necessary to establish a solid market capable of facing the rest of the types of assets.
Exactly a year ago, Bitcoin was at an incomparable price at its current price or even a few months ago. We are in an emerging market waiting for new crises.

It is very certain that what we are seeing how will clear very soon and the market will come to normal again.
This is a time when we need to buy more coin so that we can accumulate for the future. The future is yeet to come with great opportunity and profits that will come out way if we can see the beneath.

Yes, thank you for expanding. It's the perception of crypto I am most concerned about, and unfortunately, it's hard not to agree with the rest.

Idk, this winter is a tough one. It was already on edge after luna, and now the FTX bs.
I never used FTX, so don't care that much, but I'm just sick to death of watching this stuff happen over and over again.
Watching all the people we convinced to get into crypto get wrecked.
I fear, many people will hate BTC once FTX settles - That it will become taboo to talk about again.

On the other hand,
I appreciate all the replies of encouragement and telling me I should know better - I should
Sometimes, a person just needs/wants a reminder

The loss of 20k BTC Kinda hit me hard psychologically the other day. I had really believed that it would hold, even with ftx fallout. Then the whole stock-flow thing failing, watching my bags grow substantially while the value drops precipitously... Typical stuff, we have been here before.

Like I said, at least another year of winter to go. Prepare accordingly.
Store those coins, get those discounts, set flash crash orders, stake those bags, avoid margin, lend USDT... and sooner or later times will be better.

Thanks guys!

Well we had it coming since the recession affects the coin market as well.

Worldwide PoW bans, bitcoin miners bankruptcies.
Only non-PoW coins allow for trade at exchanges.
The massive reduction of fiat venture capital.
Enormous rises in the price of energy and food.
The easy life is behind you ,  welcome to the hard times like your grand parents faced.  8)

What was the reason for which you bought BTC?

If the fundamental reason hasn't changed, stay the course.

If the fundamental reason has changed, sell.

When Tether goes down - and it will - more chaos will ensue.  However, if the reason you got into BTC hasn't changed, then stay with it.  That will likely be the bottom.

More than 10 years in.  Nothing's changed except the chasm will have to be crossed.  This is where the wheat will be separated from the chaff.

Yes, it is the end for many bad projects, but it is not the end of Bitcoin, on the contrary, I think that this may be the good start on which Bitcoin is based after getting rid of all the bad projects that caused a lot of distrust of the crypto market, all these fake projects that were established for the purpose of profit only Little by little it will collapse and only bitcoin will remain the safe haven, let the crypto market clean itself of all these fake projects and only bitcoin and good projects that are worth staying will remain.
We can liken what is happening now to a virus that enters the human body and will cause it a lot of damage and pain, but in the end when the body is able to overcome the virus, its immunity will increase and become stronger than before, this is the same thing that is happening in Crypto now.

Recent events are valuable lessons for the crypto world, with these incidents everyone is more alert and careful.
according to my personal view, crypto / bitcoin will continue to survive for a long time.
although it cannot be denied that there are many opinions that vilify crypto, but crypto will not collapse that easily, with the support of the community and investors, surely crypto will continue to grow.

but now many people are traumatized by investing in altcoins because there are so many victims as a result of investing in altcoins. But now many are selling altcoins and being transferred to bitcoin. because only investing in bitcoin is suitable to guarantee security. but of course the future of crypto will be safe but I think most people will definitely focus on bitcoin.

right, bitcoin is not going to collapse that easily, considering the many holders with different views. The warnings that occur are around altcoins that fall suddenly, where maybe a whale can drop it alone, it's different with bitcoin where whales need to unite the minds of many people to make it fall and have to make large amounts of fud. moreover, there are still many people who think, the more bitcoin prices fall, then it is an opportunity

That's normal. Anybody who has any amount of bitcoin fees like that when they see a big drop, more so when price goes below a certain strong resistance such as $20k, even more so when the drop is illogical (like a panic sale).
But if you think the psychological pressure is too much it may be because you have invested more than you can afford to lose and you may want to make some changes in an appropriate time.

Right and the point is that we all are under pressure when we see our investment going down with all the negativity surrounding the market with all the red candles but you need to control your emotional play at that time if you have invested in bitcoin for long term.Then you feel relieved be as you are not into selling at that time but on the contrary if you find it as investment opportunities to get them at discounted rates you will be doing the same.

The main profit/loss will occur only at the time of selling of your coins because if your investment has gone down or up with the current market prices it's unrealised gain or loss but if you can manage to hold it for long term and prices boost up your automatically comes into profitable situation.But as you said the main problem with people is they sell under pressure and panic in the market giving them loss.The main reasons for it are :

1) They expected bitcoin to be short way of becoming rich fast but when this does not happen or they see little correction in prices they start panicking and sell off at loss also to get out of market with FUD and loss in their hands.

2) Investment of more they can afford to loose which builds up more psychological pressure and you think it's better to take out the remaining balance before it goes to zero

3) Investment based on someone's else influence without even researching about bitcoin and they make fool out of people so they need to make their own decisions.

But as said if you are long term holder then check out the returns for bitcoin for over 4-5 years you will find profits only.

It seems to me that the situation is better now than it used to be. When Bitcoin wasn't as popular and the community was much smaller, I'd say there was a bigger risk that attention to it would die out after something like the Mt. Gox crash. Now we have much more people of all sorts: hodlers, early adopters, traders, institutional investors, some crypto-friendly countries, many companies that adopted Bitcoin one way or another, etc. Some can get worried, some can engage in the good old panic selling. But each time Bitcoin recovers from a big crash, it proves that it's capable of getting our from bad situation, and I think more people remain believers that it will recover next time.

This proved that only bitcoin exists and other decentralized platforms.
Stop hugging centralized projects and exchanges because they are not trusted --this time proves that only bitcoin has been given a true meaning of decentralized nature in which people have financial freedom towards the government. There are no intermediaries that should be involved in bitcoin and those altcoins which don't have clear utility will have vanished.

Observation there is these two words people don't comprehend "Crypto" and "Bitcoin".
To me I understand crypto to be a general name for all altcoin, meaning whatever that affects cryptos doesn't have any correlation with Bitcoin because it has came to exist before any other altcoin there today. It's the fear of what happened, lack of trust and as always said which I may like to borrow from people around "Not your key, Not your coin". Those who have their investment on Bitcoin in their self custodian wallet have nothing to regrets of a lost of funds or being scammed by shitcoin investment. As far as I have been here, if not for 2017 to 2018 bear market I invested in altcoin I have never complained of any hack due to I was clever enough to detect how altcoin works, to secure your investment pull out your funds from any exchange and hold bitcoin for years then check out if there would be a regret.

Nobody knows the real reason behind the market crash after hitting its last ATH last year but there's a lot of possible reasons why it dropped so drastically, part of it is because of the war between Ukraine and Russia, there's the collapse of FTX which played a huge part on what happened to the bitcoin lately and this year alone, the interest rate has spiked which caused troubles to the investors. But anyway, that's just a challenge that we need to overcome and whether we like or not, we will experience these things again in the future because bear season will always come back.

I believe in both of them happening to be fair. I do not know what he meant, but I believe that both the small projects for tokens and coins will go down, but I also believe that some exchanges will go down as well, most of them are terrible. Just focus on what you can do with the most known ones and you will be fine.

I doubt anyone would be hurt if they buy bitcoin and hold it on binance, both the coin is great and the exchange is great and they will be fine, but that doesn't mean it’s that much of a problem. Let’s accept the fact that it's going to be a difficult thing to find that commonly, only a few coins and few exchanges give that much trust to people and you have to realize that.

If i convince someone to get into BTC, i usually have the time and patience to tell them some dos and don'ts. For dont's they must never leave their money in an online account, and they should avoid centralized tokens and coins, i use the term of not your keys, not your coins to convince them on how important it is for them to hold their keys, and not allow a centralized exchange do it for them. So if one is trying to convince someone or people about BTC or crypto, let them have the right knowledge to be able to give the best advice, and just maybe their converts wouldn't get burnt next time.

Along with the negative outcomes and experiences you have mentioned, why don't you focus more on the brightside?

Bitcoin has been used as legal tender in El Salvador. Lots of exchanges and BTC ATMs have been implemented all throughout the year; and lots of countries have started to accept and integrate cryptocurrencies to their financials. Even if there are some negative experiences with BTC, your primary basis should be its price- the price remained constant and booming ever since it was released.

Though you may have some doubts over it, the fact that it has been ongoing for nine (9) years now with a significant price tag on the market is the basis that everything is sailing consistently.

Bitcoin is the first and is considered the creator of the crypto industry, it can be said that bitcoin could still exist if all altcoins disappeared, but to say they are not correlated is completely incorrect. I believe that without altcoins bitcoin would not be as popular and valuable as it is today. Nowadays, people enter the market for the hype of altcoins not bitcoin which is why you see more people preferring to invest in altcoins over btc, but after losing money with alts, they realized that only bitcoin is what they were looking for.

Without altcoins and markets, bitcoin would likely be a stable currency or alternative payment method to fiat, and that was the original goal that Satoshi created bitcoin. But if bitcoin wasn't volatile, not making profits, there wouldn't be too many people using it. Altcoins are necessary to celebrate the uniqueness and uniqueness of bitcoin.

Sorry mate
What I mean by correlation is that when a hack occurs or token losing value just as FTX it doesn't affect bitcoin rather the market could like drop causing seriously dump but being that is giving any action to bitcoin which is not possible, that was why I said it doesn't correlates with bitcoin. So the reason for bitcoin existence was the action which altcoin was created but in general bitcoin still maintain it's value.

Sometimes people do not have the choice to do so if they can't help but still use custodial wallet/centralized exchanges. I got to admit that I use custodial wallets that are primarily localized here in my country since I needed their service to buy me a mobile phone credits, shop online and other usual stuffs I can do with fiat without having to go outside.

If there is someone else that I would advise the same as yours, it would be that if s/he will hold a money in an online/web wallet, at least just do it if it will be used immediately otherwise just avoid it at all cost.

There are really things which you cant really be able to avoid on using up these centralized platforms or custodial things which it does really give out that kind of convenience and easiness
of buying and selling out your coins.
In speaking with unfortunate events here on this market then its never been something new.If you've been here on this market for years then you are fully aware of that,
but i cant blame out other people to be that emotional or having these kind of reactions considering that we are just humans.
We would be raising up questions something like this if this market would survive or not? No one really knows but to mind off that this isnt the first time for these things to happen.

You're right. Crypto is valuable because all believe. If linking with FTX I think they are one of the contents of crypto. There is no close relationship, but since FTX is part of the crypto circle then the impact is trust. Perhaps this will make many people think crypto is not safe. So many people are starting to stay away from crypto. Although if I look in the same direction, some cases do always appear. But at some periods it had no effect on Bitcoin which could always again reach ATH.

The negative side of crypto/bitcoin is only for people who have been cheated and don't want to repeat the same mistake, but we can take the positive side from that they don't want to have many victims of fraud (fraud often happens to people new to crypto)
as long as bitcoin and crypto are running and continue to prove their performance there is no reason people who have benefited from bitcoin hate and spread negative info will always think positively about bitcoin itself

Let me inform you op, bitcoin acceleration and Bitcoin degradation or decrement has been rotational for years back, so therefore I'm assuring you that they is every tendency of Bitcoin surviving because what is happening now in the cryptocurrency is not the first time Bitcoin have experience alot of degradation in the market,. Bitcoin has fall and ressurect severally so therefore this is not the first and it shall not be the last, so let us be comfortable and also assume that this bearish season since this 2022 is a correction.

It only shows that earlier people in cryptos are much brave because they hold on despite the cryptos are still a new thing that time and they are not aware if what can come next. People in cryptos today must be ashamed of what they have acted knowing that cryptos are not a new thing anymore and it already gone through a lot of tough battles yet it is still there.

Crypto will continue to survive no matter what because there are always people who will have a solid faith on it and most of these people are the pioneer in crypto world. It's only one exchange that have collapsed but we still have plenty of them that are trusted. People should worry less.

Yes, this is not the first time the market has fallen and it is not the first time something like this has happened, these crashes not only did not weaken the market but also made the market more mature, if we pay attention, we can see that after each bear season passes, the market will rise again and will grow stronger than before.

Looking at the market capitalization when Mt.gox collapsed, the market cap was only a few hundred million dollars but then grew to almost 3 trillion by 2021 and this time we're under 1 trillion but I believe that after this bad news is over, the market will come back and grow stronger, I believe we will hit 5 trillion for next bull season. They will soon be as big as the gold market and will stand side by side with the stock market in the future.

These things will continue to happen but won’t affect crypto’s survival. It is highly unlikely until there’s some extreme case scenario where the survival of crypto is at stake, which is highly unlikely as of today.

The simple answer to your questions is Yes, crypto will survive. It's good that you reference the case of Mt. Gox, but this happened in the year 2014 when the adoption of Bitcoin and others are not as high as this. Despite that, crypto survived till this year and still has a promising future, so the case of FTX should not be an issue. The effect has been well-priced and I expect Bitcoin and others to be finding their paths upward soon.

Blockchain technology is not anyhow technology, it is an advanced technology that this general and the next need. So, it can't fade away just like that.

That is the correct answer. I also believe that crypto will survive this condition. This is a test for us and crypto because with the various cases that have occurred in crypto, and crypto has survived until now, this proves that crypto is slowly starting to strengthen and get a good position. The FTX case is like Mt. Gox, but the FTX case may have a big impact on crypto. But we must remain patient and calm to see that crypto can survive. The market will rise again one day, and now it is like the previous incident where the market is on the decline, and you don't have to worry.

crypto is a scam, it's no better than the government fiat currency that has enslaved the world

bitcoin will survive because it has no single point of failure where it can corrupted. I can see a single point of failure in every sh*tcoin. 2017 fork war is a testament to that

it will survive because people will have no choice if they want to prevent their savings from being eroded

it will survive in the age of CBDC's, because people will want to circumvent tyrannical control of their government

people will say:

governments will destroy it with regulation

bitcoin has been taken over by blockstream

bitcoin was created by the cabal - it's a surveillance coin

the reality is:

it's a trojan horse on this ponzi of a financial system

it can't be stopped or truly regulated

it's completely open-source, if there anything nefarious it would be picked up straight away

in regards to surveillance, yes it can be tracked - but privacy is optional & if used correctly can be more private than monero

the cypher punks always find a way to route around government

just my 2 sats

Definitely, Bitcoin is a trojan horse on the Ponzi scheme of the financial system but the question would be, can it penetrate the financial system to make modification on the current centralized fiat system?  I don't think the government will allow it to dictate the flow of the financial industry but definitely, government will make use of it to profit and gain tax from different services that take advantage of Bitcoin opportunities.


Yes the bitcoin blockchain can't be stopped or regulated but centralized exchanges that are often the endpoint of Bitcoin when holders decided to use it to buy stuff are often regulated.  The lack of local businesses that directly accepts Bitcoin using the p2p method makes this government regulation somehow successful.



That is the beauty of Bitcoin and its open-source nature, people are able to verify and check whether the system is tampered or not.  Besides, the block validation of miners are very strong that hacking it will cost the hacker billions of dollars before he can change or modify the network.


I think as long as the address isn't connected to personal data, I doubt Bitcoin can be more private tha Monero because BTC isn't built for privacy purposes.

And whether we like it or not, dump will come and make doubtful people sell their money while believers catch it. Until now, many people are still questioning the capability of Bitcoin, many were still thinking that drops are a sign of collapsing platform. I'm not sure how this mindset can be changed but surely, not all who are here investing in crypto have faith and a strong hand. Many individuals will lose their Bitcoin and regret it later.

This is how to test people's patience towards on their participation on crypto space and if they survive on worst condition of the market for sure they can last until it pump again. Those people doubt about it and leave will just regret later why they they easily afraid on certain situation and didn't pursue their participation in this space. Market normally dump and it's not only happening on crypto but also with forex so people need to understand about this and the only thing they need to develop is their patience so that they will not be greedy to hold for more years even if they are in profit already so that they can take advantage on glory days of crypto once it having a bull run.

It will survive 100% but only if by crypto you mean bitcoin. The whole industry may shrink by a lot but this can be treated like a cleansing event where only the strong survive, but those who do will gain even more by eating the weak. The money has to go somewhere, right? This means that some of the funds invested in dying projects and exchanges will go to the ones that prove to be legit. It will take some time but I believe the battlefield will clear out before 2024.

Bitcoin is not an altcoin but a cryptocurrency.  Both altcoin and Bitcoin is under the umbrella of cryptocurrency.  Probably barto123 is confused about an altcoin and cryptocurrency.  Though many altcoins are created scams, I still believe that a few of them are created with sincere intention of innovating the cryptocurrency industry.  These altcoins bring new knowledge and application on the table where Bitcoin is very slow to produce.  Altcoin seem a testing ground of cryptocurrency innovations.  So I believe no matter what happen in the market, Cryptocurrency will survive.  Cryptocurrency Industry is bigger than what we think.

Of course "it" will survive. Most currencies will not, but the ecosystem will evolve and move on.

If you say you've been here 9 years in the market, I think you've seen a lot of things like this and then everything is always back to normal. Is that true? So there is nothing for you to worry about the current situation, everything will always be repeated, the market will crash and then recover, grow stronger...will crash...grow...I see everything is still working very well, if you check the trading volume on coinmarketcap you will see that it is still very large and there is no decrease in trading volume.

The crypto market is not going to zero but some shitcoins that have temporary run will not be able to recover after this dump and if you are holding them then it's dead end for your investment.But if we speak about bitcoin and some other top coins then you will soon see money flow in the market and prices rising for them once investor gain assurance and this whole FTX mess clean up and green charts will be up again.

I actually see more positive things in crypto after many exchanges have collapsed due to mismanagement of user funds by exchange owners. because in the end there will be fewer people who cheat and what will survive is an honest managed exchange.

one of the positive impacts after the bankruptcy from FTX was the effort made by each exchange to be more transparent to its users. so that we as users can now see and monitor or oversee the flow of funds stored on the exchange. all exchanges have now endeavored to become more trustworthy exchanges. proof of asset reserves to be more transparent. Increasing security related to user funds is an important point in the progress itself.

but still, that doesn't mean we have to trust the exchange 100% by storing our assets there. no, we still shouldn't entrust our assets to the exchange. if it's our long-term savings asset, then keeping it in a personal wallet is better.

Both are under the category of cryptocurrency. Altcoins are simply alternative coins to Bitcoin, nothing more and nothing less. Most of the time are from small projects there are even "memecoins" nowadays but still, they are all the same. But scam acusations would be a different story. Scam coins are simply non paying projects, or if they took something from you and you get nothing from them and definitely, not something which caused you losses just because of the market price behavior wherein in the first place; everything is lacking considtency in this industry. These things are different. They are all just being generalize simply because they  are a part of this industry and we just cannot stop such thing; we can only lessen the victim by sharing our knowledge especially to new ones.

It depend on how you take it, I think we using crypto are the ones to promote it.
I mean bringing new ideas into the platform so that people will be perticipating, bringing new ideas in to the platform will help the crypto to develop and survive.

The problem is that they are like hydra, cut of one head two shall take its place. Which means while FTX could be gone right now, there could be two new ones who are growing that will turn out to be a scam later on.

We have seen plenty of exit scams and exchange problems all through the history of crypto, which means that there is a chance it may never end. I am not saying that it will never end for sure, maybe it will end but from the looks of it they have no intention of ending it at all. Which is why I believe that we shouldn't be really expecting this to slow down anytime soon. Maybe tomorrow there will be a whole another one, we may never know.

Obviously crypto is going to survive. The amount of man hours that have been invested in the industry is staggering. Crypto may drop more in price, but this is normal in a budding industry. It is what squeezes out those looking for a quick buck and allows the builders and believers to amass more holdings before the inevitable future is realized. Will crypto make you rich overnight? Probably not. Will it change the world? Almost certainly.

Survival of cryptocurrency is assured. During this time period we've seen the existence of a good number of cryptocurrencies, but very few have lasted longer in the market. This is all about the trust it gained from the common people. As said, people should have the proper understanding about cryptocurrency only then it is possible to make use of it in the right way than making it an way to turn thyself rich overnight.

Very true, as you said, there is nothing for us to worry about, because it has been more than a decade that we have entered crypto currency, so we already know about the journey of crypto currency and the crypto currency market, sometimes the market crashes then recovers, sometimes crypto prices down like rain, sometimes suddenly the price of crypto goes up and up, so I personally think crypto currency, especially bitcoin, will definitely survive in any situation, unless the apocalypse comes, I'm not sure crypto currency will survive.

If you were a Bitcoin enthusiast you wouldn't view Bitcoin like that so I guess it's different from everyone's perspective. I may know that some shit coins will fall as it is even in the past, but for Bitcoin? It stays stronger every bull market although some people didn't see it that way because probably they are after just for the profit but if look at it in a manner where Bitcoin is already an asset/currency and not just some kind of pump and dump coins, it will survive no matter what happens in the market.

Yup definitely. The fastest way to send, earn, acquire, accumulate money. You can invest as little as $1 and you will get better yields compared to banks.
Cryptocurrency I think is the most stable business in the market. Consider this a go to place for people who wants to invest and get better returns of their money rather in banks. In a year you barely get 5% annual rewards from investing or depositing your money. Unlike in crypto. you can choose to stake, deposit, trade and get higher APY yields. Imagine every year more users are signing up in every exchange in crypto market and we are not talking about just 1 exchange here. Mainly because crypto is where “money” is. You can see how many people are into crypto and will be into crypto in the next decades in 1 exchange alone...

You are right. and indeed in fact is exactly as you say. But at least the awareness of new crypto users has improved. they learned a lot from the many exchanges that went bankrupt as a result of misuse by the exchange owners themselves of user funds.

and the problem of fraudsters, then it will indeed be difficult to get rid of. even if all exchanges have used Proof of reserve. still a fraudster will look for loopholes in the system.

People who say crypto won't survive are just people who lose money while trading their coins. They regret their own decisions and try to scare others.
Look at the people who got profit from cryptocurrencies; they just quiet. Some of them keep spreading positive things. And I'd rather say cryptocurrencies will survive.

14 years of existence can be said to be a period of time that is not long but not short either. Yes, crypto has been around for the past 14 years and has been through terrible things too but in the end it's all here with us. So I don't see any reason why we should stop just because of the collapse of a tiny exchange. FTX is not the center of the market and many losers leaving the market does not mean the market will be empty. Hashrate is still hitting records every day, bitcoin wallet holdings are still increasing daily, how can it be said that the market is dying.

i think only bitcoin will survive because the centralisation is very bad for the liberty.

What I have learned is that no currency is safe, the currency that I think will live forever is bitcoin, because it has a lot to offer and for me it will be the money of the future and there is no other currency that can compete with it.

I have no idea how many cryptocurrencies there are in the world, but there are many and none of them have good economic support, what goes down and falls, the creators leave with what they can sell of what they used and they sell them however, what matters for They want to make a profit, that's what scares me, but with bitcoin it's very difficult for something like this to happen, bitcoin is gaining a lot of strength and they get more and more to earn with bitcoin.

That means you have an explanation that is similar to mine. But it's weird to see you suddenly talking about FTX as if against me, when I didn't say anything about that.

I don't think you need to quote what I said if only to say the same thing.

Or Will Winter Last Forever?  ;D

I have nothing to extend because everything had been told above , but like many I want you to realized that after 13 years of existence , look at crypto , still moving forward and growing so asking if this will survive? we already saw the Pandemic of Covid 19 , does this make sense to crypto market?
i think the answer is no so if crypto will survive it already does and will continue surviving .

nor summer ?  ;D

crypto will survive forever that is one sure thing even with government intimidation .

There should not be any argument over this I think because it has always been a rift raft affairs onset from Bitcoin inception. When Bitcoin was invented by Satoshi Nakamoto years past, there has been castigations are counter argument over the existence and longevity of Bitcoin but here we are today Bitcoin has led and paved way for other Crypto currencies to emanate. So the question as asked look more of a joke rather because I see no reason why Crypto would not survive. Currently, nation's have started adopting Bitcoin  and some Cryptos as a legal tender and to the point of them build their own blockchain and native Crypto currency. Some already launched theirs while others are working on theirs.

Tbh, I totally agree with Savannah99. Crypto is the future though it's already become our present. Bitcoin is a long-term game, so it will always go up and down. According to these crypto signals (https://crypto-informator.com/crypto-signals), it's about to go up soon, and I really hope so. You know, I invested a lot of money in it in 2020. Still, I try not to keep all the eggs in one basket, so I've also invested in ETH and LTC. Btw, guys, what other cryptocurrencies you've invested in besides Bitcoin? I'll be waiting for your replies.

What to look forward to?
Of course, everyone is looking forward to a booming market in the green zone or a bull run and profitable returns to repay investors' long patience.
Of course, those who fall into crypto have hope like that, it's what they yearn for, they have a glimmer of hope in a market like this, but this is why people who are patient in bearish situations are usually the ones who actually get good returns, and that's the motivation that many people have.
Those who bought before the market crash in early 2023 will be desperate today, but when they sell what they bought back then, they will surely lose out.

The hold is the best option at this time than selling at a big loss.

It may take a while before people realize that the best time to build investments and more projects in this industry is during times like these. The market won't go up if we don't do anything about the situation basically. But I am really hopeful that someday, at least in the foreseeable future more and more people realize that this is the case with everything that concerns the cryptocurrency market. Also hoping that the much-anticipated global adoption commences a little bit earlier so as to make sure that at the very least we all get to enjoy the fruits of all our toil and labor. Cryptocurrency market is looking really bleak right now but as with the other bear markets in the past, this too shall pass.

sure .... luna was nothing . BTC is the only crypto  ::)

I also lost a lot of money on altcoin this year. I will only hold bitcoin in the future.

"Cryptocurrencies" are here to stay. While many popular altcoins die, there are many new ones that emerge. There are still many currencies in cryptocurrencies, and many of them have no value. The announcement of the "death" of a certain coin in the altcoin will indeed affect the trend of Bitcoin, but it will not affect the fundamentals of Bitcoin. Because Bitcoin is the backbone.

valuable project I know of only one and it's called Bitcoin, for the rest they are projects created only for speculative purposes. I myself got hurt with LUNA and from that day on my thoughts towards altcoins have been completely distorted, now you can no longer trust even strong communities, we will never know what secret jobs the creators of a particular crypto do . this time the markets have not only collapsed but they have also lost the enthusiasm that revolved around crypto, many people got hurt by losing huge amounts of dollars, other people will walk away and the recovery of the market will be very slow.

FTX went bankrupt because of their own improper supervision, which will make other projects pay more attention to their own problems, and from this we can see the strength of Bitcoin.

I think there will always be a place for crypto, not because it's too big to fail, but more because of what it brings in technology-wise, even through these ups and down that we have witnessed in the last 10 years (and I'm not thinking on the price here).

Recently, Bitcoin has been trading sideways. I know that it may resume its rise and reach a new high. I always believe that Bitcoin will rebound and hold it for a long time. I believe in Bitcoin!

Cryptocurrencies are sure to survive. Volatility is common in the crypto industry and cryptocurrencies are a little stronger. Volatility is a normal part of cryptocurrencies, and despite the downturn in the market, it is still a development. You can buy as many accumulation assets as possible, prepare for the bull market season, and wait patiently for the return of high profits when the market recovers.

Many people told me that Bitcoin will not last long, but Bitcoin has never been updated and has always been the same from the beginning to the end, which is also the most fascinating thing. He is the father of cryptocurrency, which cannot be shaken and will not disappear.