CRYPTO CRASH

[Questat]

It's really scary how crypto market reacts to FUD but also there is a cause to be panic right now due to what FTX founder did.

That is a valid reason especially if your funds are in there. You can really be thinking and even hopeless about taking it back when FTX will have its end.

If BTC fail to hold the 14k region we are in on a very long bear market unless new big investors come back and invest into crypto maybe after BTC halving, it took a lot of work for us to come this far and now FTX ruined it all.

I have no reason to be worried because this FTX thing is creating another life time opportunity for crypto investors once again, if you invest on the right projects there is no reason to be worry.

I can really see the dropping scenario after the FTX issue. It was the FUD wins again to the mindset of the people. However, it was not the end of the crypto journey, things like this will certainly come sometime. Unfortunately, many were too emotional about it and think selling their Bitcoin for safety. I could still understand that situation as I also had that feeling before. Panic will appear in your mind if you are not really familiar with the market.

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[omone1]

Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.

[serjent05]

Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.

The market won't fall apart if FTX  had done its thing instead of mismanaging the client's fund.  It is initially the FTX management's fault that the market is currently in this state.  The failure of the management of FTX brings FUD to a lot of investors making them sell their holdings and exit the cryptocurrency industry. Which resulted in sudden crash of price of many cryptocurrency especially Bitcoin market.

Just another crash in another crypto cycle HODL! Newbies always asking if crypto is dead

Yeah only a paper loss to those who hodl their coins, unless they sell, the loss will never realize.  It is good enough if we can have the patience to wait for the market's next bull run.  Because bull run is the sweetest run of the market where we can see and realized our profit target.

I can really see the dropping scenario after the FTX issue. It was the FUD wins again to the mindset of the people. However, it was not the end of the crypto journey, things like this will certainly come sometime. Unfortunately, many were too emotional about it and think selling their Bitcoin for safety. I could still understand that situation as I also had that feeling before. Panic will appear in your mind if you are not really familiar with the market.

Weak hands will surely be shaken if they witness the collapse of FTX and the losses the users and investors of FTX.  Imagin seeing people lossing more than 95% of their holding's value.  Weak hands will surely cowers and will immediately sell their holdings.

They are too emotional and lack knowledge about crypto market being cyclical.  If they have faith and knew that the crypto market is cyclical I bet they won't be shaken no matter how low the market drop.

[Punakawan]

The current market conditions make us alert, unhealthy exchanges of exchanges make losses for investors, I'm sure there will be Exchanges like FTX and will make the market more difficult, this is what makes us have to save assets in Own Wallet and never save assets in Exchanges wallet.

[wxa7115]

Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.

They will always exist, it is obvious that retail investors do not like them as they can manipulate the market as they wish but there is nothing we can do to stop them.

As such the only thing we can do is to exert control over our finances and avoid playing the games those market manipulators want us to play, and the only way we can do this is by taking care of our coins by having full custody of them and avoid selling them because of the FUD they like to spread.

[Yaunfitda]

Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.

I think it's more of social media pointing at CZ somewhat and blame him for the collapse.

He was supposed to be the savior, until he balk on the last minute maybe he has his own reasons to get out of the deal. And then again, there are personalities who interpret this wrongly to cause panic and so the price nose dived and up to now, we are still way below our psychological support of $20k.

Nevertheless it's not the end of it, crypto is going to stay despite the FUDs and what is going on with the ecosystem.

[o48o]

In the middle of the bear market fud doesn't even need to be that strong. Every fud is just acting as support to top of other fud. It's like self fulfilling prophecy that males more people to short short sell with legerage.

But when the fud is strong at that time it will spread like a wild fire and only thing counteracting with It is time.

Truth is a slow antidote and you can't trust it to change the markets when people are in panic mode.

[roslinpl]

When the market is bear, you need to hold the coin with some patience. Panic selling is not a good one all the time. Every dump is just to stable the price of trusted coin like bitcoin. In that time we can hold the trusted coin for longer period or buy some good coins at the fud. In the crypto crash, don’t do the future trading. Because future trade is risk at the in stable market. When I had started of future trade, it excited me like the gambling. But they also allow me to add many dollars at every stage like the gambling. The future trading will take all dollars, when the liquidity was ended and gambling take dollars on your loss of the game.

[wxa7115]

Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.

I think it's more of social media pointing at CZ somewhat and blame him for the collapse.

He was supposed to be the savior, until he balk on the last minute maybe he has his own reasons to get out of the deal. And then again, there are personalities who interpret this wrongly to cause panic and so the price nose dived and up to now, we are still way below our psychological support of $20k.

Nevertheless it's not the end of it, crypto is going to stay despite the FUDs and what is going on with the ecosystem.

It is incorrect to blame CZ over this, social media is full of useless and emotional rants without facts behind them, it should be obvious that CZ backed out of his offer to buy FTX at first because he could, as he was not legally bound to buy FTX, but even more importantly he only needed to take a look at their books for a few hours to know there was no way to save the situation.

And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.

[Fredomago]

Now I understand what FUD really looks like. CZ tweet, FTX team reply with confidence, media interpret it with some analysis and datas, twitter begins the trend and the war starts, boom things begin to fall apart and more bad news come in, the hell is short off the market, confidence is lost and a free fall continues with more FUD. We're coming back better, we just need to root out bad actors.

I think it's more of social media pointing at CZ somewhat and blame him for the collapse.

He was supposed to be the savior, until he balk on the last minute maybe he has his own reasons to get out of the deal. And then again, there are personalities who interpret this wrongly to cause panic and so the price nose dived and up to now, we are still way below our psychological support of $20k.

Nevertheless it's not the end of it, crypto is going to stay despite the FUDs and what is going on with the ecosystem.

It is incorrect to blame CZ over this, social media is full of useless and emotional rants without facts behind them, it should be obvious that CZ backed out of his offer to buy FTX at first because he could, as he was not legally bound to buy FTX, but even more importantly he only needed to take a look at their books for a few hours to know there was no way to save the situation.

And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.

Getting your point and adding my opinion about FTX case, CZ is not an ordinary businessman he understand the structure, and he knows if he will benefit from the business that he will be buying, FTX is on the hot position and taking step to takeover might not be good for CZ's business as if things like this happen and he already own and run the business it will reflect and possible to bring negative impact to his other business.

He just did what he thinks is right, not buying or continuing the negotiations as FTX is no longer capable of surviving.

[o48o]

It is incorrect to blame CZ over this, social media is full of useless and emotional rants without facts behind them, it should be obvious that CZ backed out of his offer to buy FTX at first because he could, as he was not legally bound to buy FTX, but even more importantly he only needed to take a look at their books for a few hours to know there was no way to save the situation.

And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.

I agree, i started by blaming him, but that was before i knew how bad things were.

But i am pretty sure that cz will be extra careful with wording next time he wants to hint that there something shady going on. Reporting these issues to officials rather then with twitter. I mean he could probably get tether in liquidity crunch mode (temporary) with just one tweet as not everything in there are going to be instantly liquid.

[vickyes]

It is incorrect to blame CZ over this, social media is full of useless and emotional rants without facts behind them, it should be obvious that CZ backed out of his offer to buy FTX at first because he could, as he was not legally bound to buy FTX, but even more importantly he only needed to take a look at their books for a few hours to know there was no way to save the situation.

And he was right, FTX declared bankruptcy just a few days later, which shows he was right about the reading he had about the desperate situation FTX was.

I agree, i started by blaming him, but that was before i knew how bad things were.

But i am pretty sure that cz will be extra careful with wording next time he wants to hint that there something shady going on. Reporting these issues to officials rather then with twitter. I mean he could probably get tether in liquidity crunch mode (temporary) with just one tweet as not everything in there are going to be instantly liquid.

I think all the results are market behaviors, not personal behaviors. CZ can affect the fermentation of events because he has a strong public consensus, which is enough to affect the sentiment of the market. I think about the whole event again, and I also think it may be in What must happen in a bear market is that every round of bear market will kill several big crocodiles.

[Crypto Legend]

Crypto Crash is a common thing at any time, the market is always difficult to guess so that it makes us have to be vigilant, but there is a positive side when the market crash is a good opportunity to buy more and at a low price, the best opportunity to buy is difficult to repeat again so do not miss the opportunity to buy immediately.