Crypto is here to stay, do not panic

[VRExpress]

Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

[cryptoaddictchie]

We've been worse, so I think its normal to see the price go down. If you are weak hands then can't tolerate such drop then you don't deserve to earn 500% or more. Unless you are a trader who have quota and cut loss is imminent. However it can still be remedy by holding cause any coins have to go up and down sometime.

Only panic seller that has no experience with such drop will sell over a huge loss.

[mk4]

CryptoBitcoin is here to stay. As for cryptocurrencies in general? I do think the concept definitely has some staying power; it just depends on what project we're talking about, because a lot of projects would definitely just die out after some time.

[pooya87]

Crypto is here to stay

Cryptography and cryptocurrency as technology will remain.
Bitcoin as the only decentralized currency will stay.
But altcoins aren't.
Almost all the altcoins we know today specially the "top" altcoins are going to die between 5 to 10 years from now.

china have banned crypto up to 5 times
BTC have died too many times before

Both statements are wrong. China has never banned bitcoin and bitcoin has never died. Millions of posts on the internet claiming otherwise doesn't make it right.

[Upgrade00]

all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india

This goes to show you cannot really ban s decentralized network, the government can only exempt themselves from it. In Nigeria, it is perfectly legal to trade or hold Bitcoins, only that banks cannot get involved and oversea such exchange. This pushed more users to P2P networks, leading to the spike in activity. If majority of people considered their privacy and made that switch, governments would have no influence over cryptocurrencies.

china have banned crypto up to 5 times
BTC have died too many times before

Both statements are wrong. China has never banned bitcoin and bitcoin has never died. Millions of posts on the internet claiming otherwise doesn't make it right.

The op is probably referring to how many times before those FUDs have been spread and how Bitcoin is still here today, proving already that they are lies.

[boyptc]

Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

Yeah, they've done that so many times and the world is still in shock when they're hearing about that news. I'm not yet on crypto since 2012 but I've witnessed that they've banned it a few years ago.

They have recycled that FUD all over again and again and the world is buying that FUD and they will never stop until they pushes the market too bad and low.

[SquirrelJulietGarden]

Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

They said bans when they feel can not regulate cryptocurrency. They will make more regulations on cryptocurrencies but will not ban it. Cryptocurrency market is a type of market that help governments to have more money from tax.

They will not be able to ban cryptocurrency if they use blockchain technology for governmental operations. In Western nations, governments can not react like dictators as PRC in China. News, FUD, bans, regulations will be changed but cryptocurrency market will be there.

It is cryptocurrency market, not about cryptocurrency. Scam cryptocurrency will die and they self-die from their bad roadmap, developments.

[pakhitheboss]

Only weak hands sell in the crypto sphere, If you one then sorry this field is not for you. I do not know what is going through the mind of the Chinese Communist Party. they ban and unban cryptocurrency quite often. The Indian government, on the other hand, has no clue what is a cryptocurrency and therefore the citizens in that country are busy buying as much they can. Markets will go up and down you need to be ready to accept this fact. Stay calm and stay focused.

[Raflesia]

Who doesn't panic when the price is in a bull run then suddenly there is news of FUD from China banning cryptocurrency in its country, of course, this will be very surprised for some of their weak hearts they will think this is the end of the death of bitcoin, maybe often they don't see the history before how. bitcoin fell dramatically and could bounce back 10x after that decline.
We are here not going to panic, this has become normal and normal, only I am more focused on which the main objective should be strengthened, if some weak people sell everything up to 50% the loss will definitely happen now, but I will remain more focused on market analysis.

[Muenalo]

Yes.. bitcoin is indeed here to stay.......
But the news is how trader make there profit, that is, by buying when the price falls and selling when it rise.

So we need more rise and more fall for us to make some cool profit..

[The Cryptovator]

Easy to say but hard to follow. When a piece of bad news pop-up then most holders become panic quicker, not only newbie. As a result, we encounter more dumps in the price. Even we know Bitcoin would pump back anytime but we don't have enough patience. Where patience ended, then start something good. I always face this issue, once I sold a coin the next day it starts to move upward. Now decide to hold Bitcoin and not to sell before reach it back $50K at least, now Bitcoin not moving (LOL). So it's true we shouldn't panic, we should more practice patience.

[Gunday_07]

CryptoBitcoin is here to stay. As for cryptocurrencies in general? I do think the concept definitely has some staying power; it just depends on what project we're talking about, because a lot of projects would definitely just die out after some time.

Cryptocurrency is cryptocurrency, what comes and go are projects not crypto itself, thousands of coins have died since 2017 and many more are still alive so what OP said is correct, crypto is here to stay not some shitcoins but crypto in general

[Ebede]

It's normal for BTC to drop before making new highs. Just hold and enjoy the ride

The question is for how long does one need to wait? You understand the feelings of going to your wallet and seeing your money on losses for a longer period of time. For instance you hold to sell in 90days, but by 75days you enter into losses that seems irreparable within the next 60days.
So, it is not as easy as you think to just hold on.

[isaac_clarke22]

~

Even if other countries banned crypto, people would still have the means there to do p2p transaction. It is just that immediate reaction like you mentioned, but almost not all people will react like that.

Welcome back to Bitcoin Obituaries for that "BTC have died too many times before". It's getting old, but the ride keeps on moving forward.

[Asuspawer09]

Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

It is still doesn't guarantee that cryptocurrency is gonna stay or bitcoin since we know the risk of investment we know that this investment could just fall easily since there are so many aspects that affect it.

Imagine if world war happened this investment could easily go down and easily you lose all of your investment, it doesn't mean that you should not invest at all but that is why you should not invest everything and always take profit when it is possible because being too greedy could lose you money when it comes to crypto.

When your investment is caught by the dump the obvious move was to hold since your not gonna lose as long as you don't sell and the market is gonna recover and if you believe in bitcoin you know how the circulation and correctionn work.

[Obi theo]

Finally some positive around , be hearing and seeing people who doesn't know much about crypto saying it's dying or crashing , believe if crypto was to crash it would have been in the early stages of it's creation , it's normal for any coin to take correction or be affected by news , but not to say it dying ...
Crypto is HERE to STAY ..

[TheNineClub]

Is it me or do we have a post like this every cycle? JK, it's important to explain to people that this tends to go in cycles and that crypto is in a place where it seems it will not be completely whipped out, at least not for some time. Governments are actually warming up to it so this downward fall is just a small part of it, in the long and grand scheme of things, crypto is going up.

[FloridaKid]

Is it me or do we have a post like this every cycle? JK, it's important to explain to people that this tends to go in cycles and that crypto is in a place where it seems it will not be completely whipped out, at least not for some time. Governments are actually warming up to it so this downward fall is just a small part of it, in the long and grand scheme of things, crypto is going up.

If downfall don't happen how will big profits comes for whales and millionaires out there? Crashing the market one way or the other is a must to get them coins at cheaper price and wait for a better time to dump on people that don't understand about how the market works

[hatshepsut93]

"Crypto" is not here to stay. There are thousands of coins, and new get created every day, does the world need all of them? Can you imagine all of them being actively used? Or why would an average person have hundreds of different wallets and keep track of all the balances? In the long run there will be one dominating coin for each use case, and maybe a few alternatives existing just in case. The rest are completely unneeded. So, an average crypto investors who looks for "good projects" will find their porfolio shrink in the long run.

[SquirrelJulietGarden]

"Crypto" is not here to stay. There are thousands of coins, and new get created every day, does the world need all of them? Can you imagine all of them being actively used? Or why would an average person have hundreds of different wallets and keep track of all the balances? In the long run there will be one dominating coin for each use case, and maybe a few alternatives existing just in case. The rest are completely unneeded. So, an average crypto investors who looks for "good projects" will find their porfolio shrink in the long run.

Blockchain technology is here to stay but cryptocurrencies are not here to stay. Not all of them will be able to survive after one year from the birthdays. Many of them can be still actively after 4 years (one big cycle of the market).

Define the (scam) DeFi. Many scam stake / masternode coins died. The same goes for DeFi tokens in the future.

About good projects. It is a misleading and misunderstood saying. In bull market, most of cryptocurrencies go up so newbies will see they are good and potential. They only see the changes of price but don't actually look at internal developments, real products, and future for those things.

Price on market in bull trend is tip of icebergs and sometimes, it hide real value and problems of projects.