Is crypto on the way to destruction?

[Yamifoud]

Yea Bitcoin will recover again with time and hit the bull market no matter the challenge in the the crypto market presently. The dip of Bitcoin is not new because history is repeating itself again those who don't have confidence and understanding on their investment are the ones that are selling their Bitcoin holdings due to panic.

This is the time for a bitcoiner to buy more Bitcoin at a lower price and hold to it till when it hits the bull market again before selling it if at all. Bitcoin has come to stay so if you sell your holdings now you will be among those that will regret your actions later. Always save your Bitcoin in a noncustodial wallet where thieves can not break into and steal.

And it was unfortunate that many were still not convinced about it. Many had thought that once the market is in correction, a collapse will going to happen next. Yes, I tend to agree that history will repeat itself (sometimes) and we are facing it again. However, despite the negative views we have seen and heard from hopeless people, we're still here trusting and believing that one day the market will turn back to bullish again.

By now and hold - we celebrate later.

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[thrillainvanilla]

Cryptocurrencies have been on a bit of a roller coaster lately, but that doesn't mean they're going to disappear anytime soon. Every time when crypto got hit, it doesn't get weaker, but stronger. The market washes away from the scams. The whole idea of crypto is decentralization, and when people entrust centralized institutions like FTX with their money, you know what's gonna happen. I know it's a cliche but "not your keys - not your coins. I expect that crypto will get more hits like this last one in the future as well, it's just inevitable until people understand what crypto stands for... Until then HODL on crypto brothers!

[BALIK]

Those who oppose regulation are because they care about privacy, you should know that once regulation is in place, we will be controlled and no longer as free as we are now and maybe the market won't have another crazy bull run, as I feel the regulation is not good. I also don't like regulations but I don't object either because I know regulations are inevitable, like it or not.
With incidents like Luna and FTX, you just have to never trust or idolize anyone in this market, never give your property to others to hold, you will avoid such unfortunate accidents.

Everything goes to this, regulators are trying to cover the entire industry, they are trying to show this in a positive light, that this will help protect investments from scammers in the future, but is it so. Will there be another bull market in which everything will grow, I think it will, but perhaps not all coins will grow, and it’s good that now you have doubts about this, it means that the manipulators are doing everything right.

I have a feeling that the recent crashes are all manipulated by some force, the deaths of Luna and FTX are attracting the attention of the legislators, they are stepping up and also have enough reason to intervene in the market as legally as possible.

The market is getting so big, they haven't reaped any benefits for years and now they're starting to notice it. With regulations to control us and then huge taxes to be imposed on us, I think regulation does more harm than good to us.

[BariMade]

The cryptocurrency market has been going through a panic for several days now.
There are many wise knowledgeable members who are always advising to be careful with cryptocurrencies.  Yesterday the admin of the forum issued a red alert Here, asking those who have cryptocurrencies in online wallets to transfer them to personal decentralized wallets as soon as possible.
All these members are giving all these warnings on cryptocurrencies without understanding some signals in advance.  So what do we understand the general public?

Is the cryptocurrency market headed for destruction or can we expect something bigger to come?

Or do we have any other options other than we the common people to slow down like turtles and be patient?

https://i.imgur.com/osEAWqR.png

Both bull and bear markets are normal. I don’t think it will be destroyed. Cryptocurrency has been known to more and more people. As long as there are people interested in it, it will not disappear.

[lenexn]

If it is because of FTX’s problem that Ni has this idea, then there is no need to panic. It is not a problem. FTX is not well regulated. It has no guarantee for our account. Our funds may be stolen at any time, but if FTX is well regulated Nothing like this would have happened.

[SOKO-DEKE]

Theymos is simply advising us to move our funds from centralized exchanges to decentralized exchanges due to the drama that these exchanges are currently engaging with . Nearly everyone involved in the cryptocurrency industry is aware that when using an exchange, we do not have complete control over our funds, and if we do not have complete control over our funds alone, it indicates that we have not given our funds adequate security. Consider the current situation at the FTX exchange, where many users were unable to access their funds, which caused several to pass away. Therefore, if we need a good level of protection for our data, we should attempt using a decentralized wallet so that we have complete control over it.

With knowledge of bitcoin and cryptocurrencies, we are aware that no matter what, a bear market is coming. Therefore, the current bear market shouldn't scare anyone. If you have been following the history of Bitcoin and cryptocurrencies in general, you will find that this is not the first bear market. As a result, don't be panic, remain calm; the market will eventually recover. However, there will be many failed projects, so be careful about the coins or tokens you choose to purchase. I would like to recommend Bitcoin in this bear market because it is the safest investment.

[Antonas1]

Whether there is an incident or not, the advice will still be valid, cause it should be.
News made it seem like everyone in the world really cares about cryptocurrencies. The more news you have read, you will get more afraid with the situation. Taking their advice is a better way, stop reading the news, take a breath, and enjoy your life.

[shahzadafzal]

7 Cs of Crypto

https://youtu.be/lnUGAsTLU9o

[Henrobakkara]

The cryptocurrency market has been going through a panic for several days now.
There are many wise knowledgeable members who are always advising to be careful with cryptocurrencies.  Yesterday the admin of the forum issued a red alert Here, asking those who have cryptocurrencies in online wallets to transfer them to personal decentralized wallets as soon as possible.
All these members are giving all these warnings on cryptocurrencies without understanding some signals in advance.  So what do we understand the general public?

Is the cryptocurrency market headed for destruction or can we expect something bigger to come?

Or do we have any other options other than we the common people to slow down like turtles and be patient?

I believe Theymos wanted to remind all about what they, the OGs in the space have continued to say on many occasions, "Not your Keys, Not your Coins" and the FTX exchange issue just further reemphasize that. Many people still leave their crypto assets in their exchange wallet and a lot of it too, if you can afford that much then you can afford a hardware wallet plus these hardware wallets aren't really that complicated.   

[Ummarr]

NO, we cannot say because the price of crypto currency is down or the one of bitcoin is on the way of destruction. Yet we still benefit from it the little we have we should use crypto have been on the way for a long time.

[GigaBit]

Luna and FTX collapse destroyed confidence in the crypto industry simultaneously will also encourage global regulators to tighten the screws. Some crypto experts and analysts think everyone should welcome the scrutiny because it can help restore faith in the industry.

All the wise people have emphasized caution. Crypto will never end or be destroyed but if some dishonest person commits a big scam it affects the cryptocurrency market including the investors. We've seen Luna Crash before. Everyone knows how terrible that was. The effect of which has not yet been finished. On the other hand, the FTX collapse also hit the market again. But I think the shortcomings of cryptocurrency are being removed and the cryptocurrency market will be established on a stronger foundation in the future.

[teddybear]

The cryptocurrency market has been going through a panic for several days now.
There are many wise knowledgeable members who are always advising to be careful with cryptocurrencies.  Yesterday the admin of the forum issued a red alert Here, asking those who have cryptocurrencies in online wallets to transfer them to personal decentralized wallets as soon as possible.
All these members are giving all these warnings on cryptocurrencies without understanding some signals in advance.  So what do we understand the general public?

Is the cryptocurrency market headed for destruction or can we expect something bigger to come?

Or do we have any other options other than we the common people to slow down like turtles and be patient?

Heyyy from  past few weeks should be back to the crypto equivalent of the traditional market investing concept of dollar-cost averaging, slowly building a position in an asset over time so all your money isn’t exposed to any single bout of volatility.

[Flexystar]

Is the cryptocurrency market headed for destruction or can we expect something bigger to come?

Or do we have any other options other than we the common people to slow down like turtles and be patient?

Those were just instructions to safe keeping the funds into decentralized wallets so that it can't be accessed by the third parties. I think this is what it meant and may this is what Mr. Satoshi stated long time ago which people are not following due to the greed of earning more and more fiat money as profit from the crypto trading.

Idk, but sometimes I feel that if we would have kept using wallet to wallet transfers (p2p) then crypto could have been even better place to live and prosper.

Also the instructions are simple thoughts of Satoshi's vision. There is no need to make buzz out of it.