Is crypto winter setting in.. and how long will it last

[Finestream]

Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates  has called  Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

The people can say a lot regarding on what they are currently seeing or experiencing, but the fact remains that those who stay firm and able to hold their coins for long term will always be the winners in the end. Others have left and lose a lot. Although we can't say how long the market will stay the same, but if we always take the positive side and take advantage on every price drops, we will always be profitable when the market has finally recovers.

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[MiF]

Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates  has called  Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

Even if there is no statements from a very well known person crypto would still experience a correction it is happened many times not only for today, if we look at the past or history of bitcoin we can saw a lot of correction from different year, so i think it is not the statements that affect the price of the coin there is no direct evidence that those statement affect the price, for me the down trend is normal btc is fully decentralized and i believe that no one can control the price even Bill gates or ellon musk their statement may have an effect but it will not last long so no basis if we will think that they are the reason for this downtrend.

[Sanitough]

Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates  has called  Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

If your mind capacity is only limited into this current big crash, then do not expect that you will go a long way in your crypto investments. Yes, we are currently having winter these days but it does not mean that crypto is over, its always a great start to buy all over again and hold them for future profits. Let others say what they want to say, but never follow them. Now is the best time for accumulation, even if we don't know when will it lasts.

[pooya87]

Of course crypto is in a bear market.

Wrong. "Crypto" is not in a bear market, bitcoin is. The altcoins are just dumping simply because bitcoin price started making a big move which then attracted all the traders from altcoin market to bitcoin market. That has always caused an altcoin dump.

[Poker Player]

I have been saying this since the beginning of this year, when people were still saying we were in a delayed cycle and would pass $100K this year. I think even Dan Held was still betting on a supercycle at the beginning of the year.

Not until next halving are we going to beat last year's $70K ath. Where we are now we can call it winter or whatever, but great joys we won't have until next cycle.

[traderethereum]

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

Maybe a month, two months, or even a year.
The current bear market makes market conditions return to the bottom again as before the bull market came along, causing many people to suffer losses.
This cycle occurs continuously, especially after touching a new ATH, the price will go back down again and this time, the price will return to the bottom again.
But we must remain optimistic because this situation will change and the market will start to pick up again.
So prepare yourself by buying bitcoins and other potential coins so that you will have a chance to make a profit.

[Victorik]

No one knows for certain how long this will last. It might be longer than expected, or it might be short.
However, I must say that this is a very trying times for cryptocurrency traders. A lot of individuals have lost their money and many have lost their jobs.
First I thought the war in Ukraine caused it, but right, I don't even know what the cause is anymore.
I hope the market recover soon enough so we can recover our losses.

[Ale88]

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabilize

Those are all great questions but no one has the answer. The situation doesn't look good at all, especially considering the whole global situation: we're not done yet with covid, inflations gets worse and worse, and there is a war that it's not gonna end anytime soon. This is gonna be a very difficult year.

[sklopan]

I think that it is extremely difficult to make an accurate forecast now. You need to understand that the market is in a rather difficult situation and it is quite difficult to get an accurate forecast for the current situation.

[doomloop]

Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates  has called  Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

But, why will they lay off employees anyway? The income of the exchangers are supposed to go high because many people are using them now to purchase a coin or to trade since volatility got even higher.

Crypto exchanges are offline, not some kind of an offline company that is affected by covid pandemic and as a result they will need to close or  lay off their employees. Bill gates might be correct on the nft part. He is right that those who invest on nft's are fool but not cryptos, crypto investors are wise and smart because they did not choose nft. They know that it's only just another hype. Bitcoin won't ever be stabilized because is its nature to be volatile and we don't know if how long this bear can last.

[Argoo]

The crypto-winter is now in its seventh month. Since December last year, bitcoin has fallen from $46,000 to its current level of just over $20,000. Ethereum during this time has fallen in price from $3,600 to $1,090 now. It is possible that, as some predict, the market will lose another ten percent. But for now, no one knows how long this bearish period will last and how low the price of our cryptocurrency can fall. However, I don't think it will last for years, as many here claim. A long crypto-winter is not beneficial to anyone. A stagnant period in terms of price is also stagnant for the profits of participants in this market.

[m2017]

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabilize

Those are all great questions but no one has the answer. The situation doesn't look good at all, especially considering the whole global situation: we're not done yet with covid, inflations gets worse and worse, and there is a war that it's not gonna end anytime soon. This is gonna be a very difficult year.

And there may be difficult years, because the correction may drag on for several years. It is better to immediately tune in to such an outcome of events and the best strategy would be "bought bitcoin and forgot" for a couple of years.

In general, I agree with you that the global situation is very complicated, constantly changing due to unpleasant surprises, and against this background it is almost impossible to make any forecasts, not to mention answers to OP's questions. There is nothing left but to observe the events and wait for the crypto winter to end.

[KaliLinux]

Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates  has called  Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

One, I don't think there is anyone that can actually tell you when or where the bottom of this current market dip is, we can only speculate based on some market analysis. I however want to agree with David Rubenstein's position about the general crypto market. How many times have we seen Bitcoin be pronounced Dead? 452 times thus far and Bitcoin is still here. Yes, this might be another long wait for the market to bounce but it will be worth it at last if we invested wisely during this time.

[teosanru]

Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates  has called  Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

Not only crypto winter is coming in, i can sense a complete VC winter setting in which means VCs all around the world are now trying to save their capital because recession can kick in anytime. For crypto too i think the winter is already going on since last November itself after the 69000 mark was hit the last time. Post that all we are seeing is complete bearishness only.

[pawanjain]

Crypto is here to stay no matter who speaks against it. May be there will be altcoins popping up here and there while some established altcoins may also die but bitcoin will stay.
It may take the end of next year to recover from the dump and until then the market will keep correcting and consolidating.
One who HODL strong will survive this fall and the rest will lose money selling at cheap prices.

[dezoel]

Usually, the upsetting part takes about a year, but do not be worried because we are already about 6-8 months in. Last time we were up, was in October of 2021, which means that we have been falling ever since that day, maybe we weren't under 30k for a long time, but we haven't been close to our ATH price since that date.

This is why about a year or year and a half is reasonable and we could see the price going up in under a year. By this time next year in 2023 we could be over 50k or even be over 100k and I wouldn't be shocked at all. I hope that people would be able to hold until then without getting worried about what happens, 2018 was a crypto winter too but people made so much profit from that period if they bought it in 2018 and waited until 2021.

[kryptqnick]

I think it's too early on to say how long it will last. Sometimes the price starts sharply jumping straight back up (of course, with some corrections along the way). Other times it can take 2-3 years (with some improvements along the way, which are then followed by further recessions). In any case, throughout its history, it has always recovered eventually. While that, of course, doesn't mean that it will always be this way, and the future can be unpredictable, it means there's good reason to believe that this time will be no different.
I think it'll only take a few months to see major improvements, but I can be wrong, just like anyone else. For those who have funds to spare, now is a great time to buy.

[Bttzed03]

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

Maybe it will continue until the first half of 2023 (could be shorter). BTC could go as low as $18K to $15K during that span.

$20K has been breached which is sooner than I expected. It probably the result of the thousands of BTC moved to exchanges I read the other day. Anyway, it's still a long way to go and some people are now predicting BTC under $10K. In any case, keep those fiats ready At this point, anything at $10K - 15K range is a great buy (maybe the biggest discount we'll ever get).

[livingfree]

Those billionaires that haven't taken the spotlight of the crypto market will always tell something negative to push the price down for bitcoin. You've heard that even before from them and that's why they keep on telling that it's going nowhere but in reality, they're doing their thing and stacking as much as they can.

And knowing when this winter will last, no one will say that they know when.

Because if someone tells you that, he's like us who is just speculating the market.

[TheGhostMan]

How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize

This issue is complicated since usually a crypto winter lasts between a year, more or maybe less, at this point nothing is certain we can only speculate since it is not possible to accurately study the movements of the markets, only that it be at short term. This is not something that is being seen for the first time, this has already been presented on some occasions, it was presented in 2018 and 2008 (analysts believe that it was stronger)… The only thing we can do at the moment is wait because, as I already said, It is not something that is happening for the first time and if we have already come out on top on those occasions, this will not be the meaning.