Bitcoin may not experience blood bath

[suzanne5223]

A lot of good things are happening lately within the Bitcoin ecosystem which belief would give Bitcoin the potential to not experience huge market correction just like we see in the year 2017 and in previous years of cryptocurrency market blood bath.

Despite most people in the crypto community believing Bitcoin is yet to be well equipped to be mainstream payment but the IMF and Jack (the former CEO of Twitter) makes a bullish statement today which I believe trigger the green trend we see in the market because some people are already dumping their bag when the BTC market downtrend to $41K price range with the hope that the previous market correction that happened in the year 2017 want to replicate itself.
What did IMF and Jack do that I believe help the market?

1) IMF said "Crypto is all grown up" and "Bitcoin mature to an integral part of digital asset revolution"
2) Jack with the help of Alex Morcos and Martin White created a Bitcoin legal defense fund to help Dev regarding their Bitcoin activities. This fund will give Dev the needed liberation to develop the Bitcoin ecosystem and this is the reason why I believe things will totally change for Bitcoin and we can see more countries legalizing Bitcoin as El Salvador President predicted. Below is the noted writing by them.

 The question is.
1 Could it be that the IMF Boss and team with the inclusion of Jack etc are into Bitcoin more than we think?
2 Is Bitcoin mature as the IMF said? If not, what do you think Bitcoin needs before it will be mature to a complete stage?
3 Is it possible that Bitcoin will experience another blood bath market?

[franky1]

A lot of good things are happening lately within the Bitcoin ecosystem which belief would give Bitcoin the potential to not experience huge market correction just like we see in the year 2017 and in previous years of cryptocurrency market blood bath.

Despite most people in the crypto community believing Bitcoin is yet to be well equipped to be mainstream payment but the IMF and Jack (the former CEO of Twitter) makes a bullish statement today which I believe trigger the green trend we see in the market because some people are already dumping their bag when the BTC market downtrend to $41K price range with the hope that the previous market correction that happened in the year 2017 want to replicate itself.
What did IMF and Jack do that I believe help the market?

1) IMF said "Crypto is all grown up" and "Bitcoin mature to an integral part of digital asset revolution"
2) Jack with the help of Alex Morcos and Martin White created a Bitcoin legal defense fund to help Dev regarding their Bitcoin activities. This fund will give Dev the needed liberation to develop the Bitcoin ecosystem and this is the reason why I believe things will totally change for Bitcoin and we can see more countries legalizing Bitcoin as El Salvador President predicted. Below is the noted writing by them.

 The question is.
1 Could it be that the IMF Boss and team with the inclusion of Jack etc are into Bitcoin more than we think?
2 Is Bitcoin mature as the IMF said? If not, what do you think Bitcoin needs before it will be mature to a complete stage?
3 Is it possible that Bitcoin will experience another blood bath market?

1. the IMF didnt say bitcoin/crypto is mature and grownup.... cointelegraph had, but refering to a IMF report where the IMF was worried still of the volatility and risks of crypto/bitcoin
no where in the referenced report does it say "mature" or "grown up"
the IMF is still risk adverse about crypto/bitcoin, especially how they tried to sway el salvador against accepting bitcoin as legal tender. in short the IMF is still not pro-bitcoin, its just aware of it
https://cointelegraph.com/news/imf-bitcoin-matured-to-an-integral-part-of-digital-asset-revolution
ref: https://www.imf.org/en/Publications/global-financial-stability-notes/Issues/2022/01/10/Cryptic-Connections-511776


2. IMF didnt say bitcoin was matured, mature, grown up (see above)

3. there has never been a blood bath market. when prices go down. thats discount. . or are you talking about a sharp rise in people rushing to buy cheaper coin as a "blood bath"

[mk4]

Yea.. I used to have the same opinion that we wouldn't have 2018-levels of corrections because of how different the space is today. But now that most people seem to have the same opinion, I'm having doubts. Most of the time, things go "wrong" when people get overly bullish; like in this case.

[DapanasFruit]

I belong to the group of people who are seeing that although there can be a big correction in the price of Bitcoin to happen in the first quarter of this year, it would be not on the same level as in previous years. Eventually, the correction period can be shorter and Bitcoin will stand strong and be ready for upward growth soon. This correction has become shopping time for many whales and institutional buyers and they continue to accumulate as many Bitcoin as they can with the expectation for more profits soon. we have to remember that the crypto market these days can be so different than in 2018 the time when crypto winter became so evident.

[avikz]

 The question is.
1 Could it be that the IMF Boss and team with the inclusion of Jack etc are into Bitcoin more than we think?

Quite possibly! Bitcoin has started a revolution in the digital finance market. It is possible that IMF has started taking notice of the market and realizing its potential.

2 Is Bitcoin mature as the IMF said? If not, what do you think Bitcoin needs before it will be mature to a complete stage?

It's in the process of maturing. But bitcoin is still at a very nascent stage when it comes to mainstream adoption. The first ever parameter to mature is to see a price stabilization. Bitcoin is extremely volatile which makes it a great speculative asset but a bad currency.

3 Is it possible that Bitcoin will experience another blood bath market?

I don't think so! Because people are more intelligent than you think. People are buying at every dip so the price is seeing a strong resistance at 40k. But if bitcoin brakes 40k level, then we might see a blood bath but that is unlikely to go to the similar level like 2017.

[hd49728]

441 times or more than 441 times, Bitcoin is in bloodbath but it does not die. I don't naively say that all people in market will be fine as same as Bitcoin. Because the market is a zero sum game so Bitcoin and capital will flow from pockets, wallets of winners to losers. There will be people get better with each bloodbath and in the same time, there will be people get killed, lost money by the market.

Blood bath is short term movement of market but it does not affect long term trend of Bitcoin. If you keep your Bitcoin safely, from hackers, from market crash, from liquidations, you will be fine and more than that, get richer.

https://99bitcoins.com/bitcoin-obituaries/

[pooya87]

to not experience huge market correction just like we see in the year 2017

We only had small market corrections in 2017. We had a big market crash in 2018. The later which you are thinking of is irrelevant here because there is no bubble like 2017 to cause such a crash in 2018.

and in previous years of cryptocurrency market blood bath.

The altcoin market blood bath has nothing to do with bitcoin. They mainly get dumped because they are useless and their crashes is usually north of 90%.

the IMF and Jack (the former CEO of Twitter) makes a bullish statement today which I believe trigger the green trend we see in the market

Statement from random people can never cause a "trend" in any direction no matter who they are. They can only cause small term market activity that are insignificant.

1 Could it be that the IMF Boss and team with the inclusion of Jack etc are into Bitcoin more than we think?

I think we have a pretty good idea how involved they are in bitcoin.

2 Is Bitcoin mature as the IMF said? If not, what do you think Bitcoin needs before it will be mature to a complete stage?

It depends on how you define maturity. I personally consider maturity of bitcoin to be achieved when we reach mass adoption and price stabilizes. Clearly we are far from mass adoption and price is still very volatile so no it is not mature yet.

3 Is it possible that Bitcoin will experience another blood bath market?

Bitcoin has never experienced a blood bath and it is not starting now.

[batang_bitcoin]

1. I think it's been years since I've seen the IMF kept on telling good things about bitcoin. But I also a point of time that they've said something bad about it and not liking it.
2. It is maturing but not mature enough. I guess if we get to have a stable high price of bitcoin soon, it might be said that it has fully matured but  I guess we're not coming up to that point.
3. Yes, very usual to see it happen.

[Tellek Garing]

Bitcoin to me need no more development for it to become a mainstream currency as a decentralized digital currency Bitcoin has nothing to do with any individual or organizations, am not sure about the International Monetary Fund (IMF) statement but I read the tweet 🐦 yesterday, and am very sure it has nothing to do with the current market recovery.
Bitcoin can not follow any previous year's pattern but will remain quite stable around the 40k to 50 regions for the next couple of weeks till the activities on the international market resume fully we may be seeing more price increases all through this month.

[Flyingjack123]

https://www.fool.com/investing/stock-market/market-sectors/financials/cryptocurrency-stocks/future-of-cryptocurrency/

Though bitcoin has become a teen it still need to mature up.. the teenage prodigy will sure and soon going to be a mature one.

[OcTradism]

I don't care about blood bath because bull or bear, blood or green, it does not mean that an investor can get profit from the market. If they are losers, they will mostly get loses from the market, in any phase bull or bear.

In blood baths, there will be winners who have good patience and bind with their plans very disciplined to catch dips, take advantage of blood baths and get richer. They see great opportunities in blood baths.

In opposite ways and perspective, losers will only see risk, have negative perspective and get loses in whatever market.

The point is do your plan well and take advantage of psychology of market to get richer. If you fail, you are loser. Also investment in long run with Bitcoin is better than trading if you are not a professional trader. Do long term investment and it is not too difficult.

[Lucius]

A lot of good things are happening lately within the Bitcoin ecosystem which belief would give Bitcoin the potential to not experience huge market correction just like we see in the year 2017 and in previous years of cryptocurrency market blood bath.

Let's call it by any name, but from $70 000 as ATH to a bottom of as much as $28 000 is more than bloody for most investors - unless we're all used to Bitcoin losing or gaining 50% more or less in one year. Of course, it can always be worse, it's just not realistic to expect a replay of what happened in 2018.

What did IMF and Jack do that I believe help the market?

Jack Mallers is constantly doing something when it comes to his Strike app, and it certainly has some positive impact on Bitcoin, but the IMF is something quite the opposite of what Bitcoin represents, so you shouldn't expect people who worship fiat as a deity to ever be on Bitcoin side.

As far as I can see Jack Dorsey (ex. Twitter CEO) has posted nothing bullish except a retweet from Jack Mallers (Strike) regarding his app which has officially become available in Argentina.

[kryptqnick]

I do agree that it's unlikely that the market will return to -70% to -80% losses (at least, when we consider Bitcoin). But that just seems evident based on how Bitcoin behaved in 2020 and 2021, with the biggest drop being from $63.5k to a little less than $30k. But a loss around -50% from the ATH is still very real and it's a big one. I think we should get used to it, and what's also different lately is that Bitcoin doesn't tend to stand down for as long as it did before.
As for the IMF, it seems that franky1 was right because I also didn't see the phrase the article is referring to in the report or a short summary of it.
Bitcoin is becoming stronger and more trusted, and I don't think that it'll fall as low or remain low for as long as it used to anymore, but I'm not sure that Jack's support or whatever IMF is up to will make a big difference.

[herurist]

all I'm doing right now is holding and holding until my target is touched.
regardless of blood or green I don't really have a problem with this because something is bound to happen, when bearish happens, it's bullish and vice versa.
so, just enjoy the moment because it is a process regardless of green or red. when it's strong then continue when it's not strong you can look for other better alternatives although so far I haven't found anything better than bitcoin

[fiulpro]

This seems wonderful! I have always been looking forward for legit legal support for Bitcoins therefore at the end of the day, this could help disputes on much better level as well! The government always have something or the other against bitcoins and a legal entity could help make it very strong.

This is also an evidence that people and companies are starting to trust bitcoins more and more, if they are providing such support!! I do not think that it would be a probelm even if the price goes down, since people are dying to buy it at lower prices therefore it would bounce back up in a matter of seconds.

Just keep holding your coins~

[suzanne5223]

1. the IMF didnt say bitcoin/crypto is mature and grownup.... cointelegraph had, but refering to a IMF report where the IMF was worried still of the volatility and risks of crypto/bitcoin

Thats one thing about some article writers, they spread some misinformation all in the name of achieving their goal

Yea.. I used to have the same opinion that we wouldn't have 2018-levels of corrections because of how different the space is today. But now that most people seem to have the same opinion, I'm having doubts. Most of the time, things go "wrong" when people get overly bullish; like in this case.

The reason why I am bullish that will may see the same level of market blood bath again is that the major investor in this current market is the institution and some organization. In the last downtrend market, there's a lot of market accumulation happened but this is a crypto market anything can happen and that's why I keep some USDT so I can buy if the bloodbath happens.

[diamond_shine1]

and I think the current decline is enough for bitcoin and hopefully bitcoin will rise again and maybe you can buy bitcoin at this time or wait for the bitcoin market to correct a little more.

[ashgold]

This appears wonderful! I even have constantly been searching ahead for official criminal help for Bitcoins consequently on the stop of the day, this will assist disputes on a whole lot higher degree as well! The authorities constantly have some thing or the opposite towards bitcoins and a criminal entity ought to assist make it very strong.

This is likewise an proof that human beings and organizations are beginning to believe bitcoins extra and extra, if they're offering such help!! I do now no longer assume that it might be a problem even supposing the rate is going down, due to the fact that human beings are demise to shop for it at decrease charges consequently it'd get better up in a be counted of seconds.

[pushups44]

As the crypto market matures, we are seeing more stability and less volatility with prices, but of course as the industry is still relatively young, it will still be much more volatile than many other markets. I don't see a massive plunge in bitcoin's price without a massive pump beyond the previous all-time high. The good thing about a more level cycle is, although the profits will not be as much, there will be a less pronounced crash during the bear market. On the other hand, I think many shitcoins need to die off.

[traderethereum]

I am not sure about that but I do not think much about blood bath because I want to collect many bitcoins at a low price so I can sell them at a high price.
If there is a blood bath, that is my big opportunity to buy many bitcoin at a discount price as we saw before in previous years.
But if there is no blood bath happen, then I will have a big opportunity to sell bitcoin at a high price so both will benefit me.
The important is how we can act based on the current situation and we know what we should do to benefit from that so we can use it for ourselves.