With a 99% drop in value of Crytpo Will the Morons Move On??

[tabas]

Soon, most holders and investors will understand that it doesn't make sense to hold a lot of altcoins. And they're going to start doubting the reputation of the exchanges for these manipulations that they're seeing. When it becomes questionable, that's the start that every investor will have the merged idea of staying only to the best of the best and that is with bitcoin. When there's the trend for every cycle, we see that those trends aren't taking long and they're always breaking apart. While most of them are busy with that, there's bitcoin staying at the top.

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[glendall]

I don't think so, they will always survive and find ways to make their loss come back later and be replaced more than before
maybe by always monitoring the state of surviving with existing assets and waiting for the hype to reappear and believing that bitcoin will always be at its peak

[Kakmakr]

OP, I am one of those early coiners that stood on the corner of McDonalds under the CCTV to buy bitcoins. (Person-to-Person) ....and back then, Bitcoin was highly illegal and the enemy of the governments. 

Since then, centralized Exchanges figured out how to make money from this technology and they also figured out how to destroy pseudo anonymity for many people that traded Crypto currencies. (KYC requirements)

People saw the ATH spike in the price of Bitcoin and Exchanges made it convenient and fast for people to trade... so they forgot about the early coiners goals to make this a technology that were meant to introduce financial freedom and financial privacy. 

I feel your anger..... 

[My ThuiHa]

When the price falls unstoppable, they are sure to leave for good. But if the price goes up again then they will come again. They don't know anything about cryptocurrencies, they just want to make money.

[CryptoHeadlineNews]

The question is will the morons leave when ALL the fucking money is gone??

BITCOIN will live on, possibly even at $1k or less so fucking what; It was never about the money, or getting rich easy, it was always about FREEDOM

But to be frankly speaking, had it been the price of Bitcoin never risen to what it is today, I'm sure you would have never picked interest in it, which is not a lie. Because the truth is that Bitcoin still has its freedom as ever from day one, but you are the one who has chosen to use centralized exchanges instead of decentralized exchanges "i.e bisq".  And secondly, Bitcoin is a free digital currency that can be accessed by anymore, of which amount acquired cant be controlled by anyone, which is why when a huge amount of Bitcoin Is been sold or there is a mass selling, it affects the price of Bitcoin, as it works with respect to the law of supply and demand

[milewilda]

The question is will the morons leave when ALL the fucking money is gone??

BITCOIN will live on, possibly even at $1k or less so fucking what; It was never about the money, or getting rich easy, it was always about FREEDOM

But to be frankly speaking, had it been the price of Bitcoin never risen to what it is today, I'm sure you would have never picked interest in it, which is not a lie. Because the truth is that Bitcoin still has its freedom as ever from day one, but you are the one who has chosen to use centralized exchanges instead of decentralized exchanges "i.e bisq".  And secondly, Bitcoin is a free digital currency that can be accessed by anymore, of which amount acquired cant be controlled by anyone, which is why when a huge amount of Bitcoin Is been sold or there is a mass selling, it affects the price of Bitcoin, as it works with respect to the law of supply and demand

Its better to see that it is somewhat that stable or less volatile rather than on seeing it dropping but making out decision whether you should buy or not then it is really that hard on doing so.
We dont know on when it would be ending up on this way yet this had been not the first time for which Bitcoin did really behave into. 99% drop? We cant really say but it could really be that possible.
Anything here on crypto space is something that cant be known.Everything would really be depending on how the community or entire space would really be sticking into its demand.
We have lots of fuds, shills and other things and even though there are lots who had been scared but there are still people who do really like to take a risk.

[Haunebu]

Hilarious rant. Satoshi's vision about BTC was a fantasy and totally unrealistic. BTC and many other cryptocurrencies had to adapt to survive which is where the exchanges came in and helped out in certain ways.

One garbage exchange doesn't automatically imply that all exchanges are garbage. There are many legitimate exchanges out there which don't scam their customers.

The only issue that I have with centralised exchanges is their KYC policy which is only fine upto a certain extent.

[Woodie]

now that the crypto balloon is popped going forward can all the parasites just leave? Is that asking too much??

With the markets painted red there is no reason for them to stick around especially that most of these projects out there have the get rich quick mentality, and Btw party is over they should be parking their bags for now.

The exchanges and their 100x leverage, and pulling NFT's & Tokens out of their ass calling them assets, and the 20k shit-coins just created a lot waste of energy, but the good new is its all now worthless

As bad as the dip may look like.... I think it's the perfect reset button bitcoin needed to allow it to grow as all shit coins will be shed off thanks to the blood bath. FYI all the shit coins were good for was to suck the life out of bitcoin and now that the feast is over btc can live again.
In the long run we need  some regulation on how on can launch a project onto the market to protect the markets otherwise this will go on for a long time.

[South Park]

This is the reason why a number of Bitcoin supporters are somewhat happy with what's going on in the crypto industry right now; because this is one of the biggest illustrations of how crypto shouldn't be. Crypto shouldn't have been about centralized exchanges and lending platforms and investments for annual yield and staking and so on.

So, in a away, what's happening right now is helping the crypto market shake off those unsustainable, insecure, or simply unreasonable designs of crypto projects, platforms, services, and so forth.

In a way, the crypto market is going through catharsis right now. From a certain viewpoint, this is actually healthy to the industry. Some crypto services and products are not meant to last as they are only damaging the very vision of Satoshi and the spirit of Bitcoin.

Exactly, we have never needed them, they are the ones that need this market to make a fortune out of the ignorance of the people, but bitcoin can work very well without those impostors trying to make it seem as if they are an integral part of this market, I hope this helps people to open their eyes to the truth and they understand that something like this can always happen again as it is impossible for those people to contain their greed.

[Darker45]

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Exactly, we have never needed them, they are the ones that need this market to make a fortune out of the ignorance of the people, but bitcoin can work very well without those impostors trying to make it seem as if they are an integral part of this market, I hope this helps people to open their eyes to the truth and they understand that something like this can always happen again as it is impossible for those people to contain their greed.

As they say, it takes two to tango. There are centralized exchanges preying on the money of innocent individuals. At the same time, there are also always uninformed individuals whose lack of awareness could only be blamed on themselves.

In terms of greed, both of them are guilty. There are people who don't want to just HODL their Bitcoin in a cold wallet because they can't earn from it. The funds are just sleeping, so they better invest them, trade them, and so on. On the other hand, there are also exchanges who can't keep their hands off their customers' money. They also trade them, lend them, and so forth. In the end, they will share the same fate. And this will probably go on and on and on.

[uneng]

Sorry, but crypto is decentralized and anyone can create their own useless token if they wish and there is nothing haters and purists can do about it. Actually, I don't know why you care about it, since people investing in shitcoins and losing money to scammers don't have any impact on your life, since you don't follow their steps. Just use and invest in bitcoin as you want and forget/don't pay attention to what other crypto enthusiasts are doing with their own money. People are already suffering the consequences for their mistakes and bad moves, and it will remain under their decision if they want to continue adopting the same stances for the future or change their financial behavior for good.

[TheGreatPython]

Sorry, but crypto is decentralized and anyone can create their own useless token if they wish and there is nothing haters and purists can do about it. Actually, I don't know why you care about it, since people investing in shitcoins and losing money to scammers don't have any impact on your life, since you don't follow their steps. Just use and invest in bitcoin as you want and forget/don't pay attention to what other crypto enthusiasts are doing with their own money. People are already suffering the consequences for their mistakes and bad moves, and it will remain under their decision if they want to continue adopting the same stances for the future or change their financial behavior for good.

That was before but we are now on a time where cryptos are slowly becoming centralized. Regulation are being implemented left and right and coins are being forced to move on POS instead of POW. This is bad for the majority but if we think about it, there are certain benefits of it like the shitcoins can now be rejected easily and those cyber criminals e.g the launderers, hackers, and the like are now going to be caught more successfully.

The loss of others will have a bad impact on other cryptos because those who lose will think all cryptos are the same which are not trusted. If not only because of those shitcoins, the top cryptos that we know are now already performing well.