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Author Topic: Crypto is here to stay.  (Read 640 times)
Liz Truss (OP)
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November 16, 2022, 07:34:45 AM
 #1

Despite all of the drama with FTX:

-Apple pay added USDC support
providing  an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.

Crypto is here to stay.
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November 16, 2022, 05:25:25 PM
 #2

Despite all of the drama with FTX:

-Apple pay added USDC support
providing  an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.

Crypto is here to stay.

Despite so many good news that have come to the crypto but none of these news were creating the hype. The bad news were still dominating the crypto market. I think that the latest news came from the genesis has been ruining the crypto market again, lending platform keeps halting user's money. This may make people starting to distrust the crypto market. I thought that if the trust will not come easily to the crypto market again. The bad news has been dominating everything.
Bitcoin is not so strong to handle it. It's not easy to attract the billions dollars that have been going away from the cryptocurrency.


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November 16, 2022, 05:49:33 PM
Merited by PrivacyG (3)
 #3

Despite so many good news that have come to the crypto but none of these news were creating the hype. The bad news were still dominating the crypto market. I think that the latest news came from the genesis has been ruining the crypto market again, lending platform keeps halting user's money. This may make people starting to distrust the crypto market. I thought that if the trust will not come easily to the crypto market again. The bad news has been dominating everything.
Bitcoin is not so strong to handle it. It's not easy to attract the billions dollars that have been going away from the cryptocurrency.
But that's what happens in a bear market. Things take time to turn around and to get people trusting markets again isn't one week job. It could take a year and many people will quit at the bottom. This is something we have seen many times, but as it's happening on bigger and bigger scale EVERYONE is seeing it. And from what i pick up at reddit and different forums, public still don't get it. They think because it''s ponzi, and because FTX was ponzi. And they are happy it happened to "annoying" crypto people and i totally understand the bitterness. They don't even get that most of us are cynics too, they think we are all moonbois and libertarians and make articles like this. But that's their loss.



And OP right, big businesses understand that crypto is volatile and probably now are buying projects that they see solid and important, not just hype.

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November 16, 2022, 06:00:08 PM
 #4

Despite so many good news that have come to the crypto but none of these news were creating the hype. The bad news were still dominating the crypto market. I think that the latest news came from the genesis has been ruining the crypto market again, lending platform keeps halting user's money. This may make people starting to distrust the crypto market. I thought that if the trust will not come easily to the crypto market again. The bad news has been dominating everything.
Bitcoin is not so strong to handle it. It's not easy to attract the billions dollars that have been going away from the cryptocurrency.
But that's what happens in a bear market. Things take time to turn around and to get people trusting markets again isn't one week job. It could take a year and many people will quit at the bottom. This is something we have seen many times, but as it's happening on bigger and bigger scale EVERYONE is seeing it. And from what i pick up at reddit and different forums, public still don't get it. They think because it''s ponzi, and because FTX was ponzi. And they are happy it happened to "annoying" crypto people and i totally understand the bitterness. They don't even get that most of us are cynics too, they think we are all moonbois and libertarians and make articles like this. But that's their loss.



And OP right, big businesses understand that crypto is volatile and probably now are buying projects that they see solid and important, not just hype.

Well yes, The events are just repeating and the distrust keeps happening every market cycle and on the bear market specifically. There are a lot of FUDs, Bad news, and other type of negative things about crypto that makes the market collapse. We've been there a couple of times already and for me, I've expected this kind of scenario which bad events will come consecutively. Other people opinions are just a mediocore comments of people caught the bear market and lose some money. Comments like that are inevitable. All we can do now is to accumulate and do the right thing to prepare for the next bull market. 
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November 16, 2022, 06:11:53 PM
 #5

Despite so many good news that have come to the crypto but none of these news were creating the hype. The bad news were still dominating the crypto market. I think that the latest news came from the genesis has been ruining the crypto market again, lending platform keeps halting user's money. This may make people starting to distrust the crypto market. I thought that if the trust will not come easily to the crypto market again. The bad news has been dominating everything.
Bitcoin is not so strong to handle it. It's not easy to attract the billions dollars that have been going away from the cryptocurrency.
But that's what happens in a bear market. Things take time to turn around and to get people trusting markets again isn't one week job. It could take a year and many people will quit at the bottom. This is something we have seen many times, but as it's happening on bigger and bigger scale EVERYONE is seeing it. And from what i pick up at reddit and different forums, public still don't get it. They think because it''s ponzi, and because FTX was ponzi. And they are happy it happened to "annoying" crypto people and i totally understand the bitterness. They don't even get that most of us are cynics too, they think we are all moonbois and libertarians and make articles like this. But that's their loss.



And OP right, big businesses understand that crypto is volatile and probably now are buying projects that they see solid and important, not just hype.

Well yes, The events are just repeating and the distrust keeps happening every market cycle and on the bear market specifically. There are a lot of FUDs, Bad news, and other type of negative things about crypto that makes the market collapse. We've been there a couple of times already and for me, I've expected this kind of scenario which bad events will come consecutively. Other people opinions are just a mediocore comments of people caught the bear market and lose some money. Comments like that are inevitable. All we can do now is to accumulate and do the right thing to prepare for the next bull market. 
well this scenario often happens when the market is not healthy , I remember in 2018 there was a lot of bad news about the crypto market, and when entering in 2021 there was a lot of news praising crypto , because bitcoin scored ATH again, and many shouted that crypto is the future, and we'll see how they react now Cheesy

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November 16, 2022, 06:38:03 PM
Last edit: November 16, 2022, 09:46:46 PM by Blawpaw
 #6

Despite all of the drama with FTX:

-Apple pay added USDC support
providing  an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.

Crypto is here to stay.

Gentleman, adoption is starting to lift off!


Despite several unfortunate news along the years it is fantastic to see that Bitcoin is still conquering. Yes, big companies are starting to get in and more are bound to come.
Latest great news as to do with Shell saying it is developing new mining energy solutions for Bitcoin, which is huge news.
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November 16, 2022, 07:55:32 PM
 #7

There's no other way to go but crypto surely is here to stay. But it doesn't mean that every crypto is going to stay.

The best is here to stay and obviously bitcoin will remain to be the leader of this market and then, the rest of the altcoins who's also being developed very well will also stay.

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November 16, 2022, 11:20:38 PM
 #8

Despite all of the drama with FTX:

-Apple pay added USDC support
providing  an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.

Crypto is here to stay.

Gentleman, adoption is starting to lift off!


Despite several unfortunate news along the years it is fantastic to see that Bitcoin is still conquering. Yes, big companies are starting to get in and more are bound to come.
Latest great news as to do with Shell saying it is developing new mining energy solutions for Bitcoin, which is huge news.

Bitcoin yes, it's hard to stop it even if we are in a bear market.

Altcoins? not all of them, maybe the top 20 coins might survived, but the rest, they could have died in this crypto winter that we are in right now. Specially on how big the FTX collapse affects us all.

And as we unravel more and more companies and 3rd parties, it might take some time for us to recover.

Nevertheless, crypto will still be here to matter what and we all wait for the next bull run.

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November 17, 2022, 02:46:54 AM
 #9

Some people who don't jump in just for money still believe that blockchain and its cryptocurrency are the future. They believe this technology could actually help human beings in the real world. Although there are so many loops that need to be fixed, people are informed that both are still new and this is the time for exploration. We have not yet reached a mature era. This bear season exists to clean up projects that are no longer viable. The crypto world is so dynamic, and although we're in a bear market now with depressing news, there will always be good news too. That is what keeps this field alive.

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November 17, 2022, 02:53:30 AM
 #10

Despite all of the drama with FTX:

-Apple pay added USDC support
providing  an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.

Crypto is here to stay.

Since bitcoin's inception, how many times did we see some bad news to consider, and yet crypto is still here and going strong? Different news already triggered a bearish trend but still, crypto is just moving forward. Bitcoin's bottom price today is considered a dream price before, therefore, just believed.

The FTX drama will be part of history but it's something that can be the main cause of the biggest crypto crash.

Just go with the flow. Smiley

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November 17, 2022, 03:31:37 AM
 #11

People must also look on the bright side or positive side because there is a lot of innovation right now that is in cryptocurrency, these negative news or incidents happening on cryptocurrency right now seems to be given along the way.
For me, there is always a lot of positive news and innovation happening and coming to cryptocurrency compare to negative events, so we must be positive always. Take those negative events as lessons as we go along.

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November 17, 2022, 07:58:48 AM
 #12

Many people are scared because the price of btc is going down is crypto 2 dying or many more questions in mind but i say wait a bit see btc price was 20-25 thousand dollars in 2017-18 but in 2021 you will see 70 thousand dollars  arrived by  It started going down again in 2022 and still going down now it's going up and down between 16-17-18 thousand but this winter time it will be like that at the end of winter if you see this btc price will be above 30 thousand in mid 2023 I think not everyone is broke  Thanks for reading.
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November 17, 2022, 09:44:25 AM
 #13

Despite all of the drama with FTX:

This is just part of the whole equation, and I doubt that it will have a long last effect on the market.

And mind you, crypto or at least bitcoin has been dead many times and yet it still continue to thrives.

-Apple pay added USDC support
providing  an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.

Crypto is here to stay.

Just so happen that this positive news has been overshadowed lately by the FTX collapsed. And still the market is around $16,500 per BTC. But as I have said, there's no need to panic as we will eventually bounce back. Crypto definitely will remain, it's one of the biggest assets of the financial world and it's too big too fall, in my opinion.

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November 17, 2022, 11:09:27 AM
 #14

Despite so many good news that have come to the crypto but none of these news were creating the hype. The bad news were still dominating the crypto market. I think that the latest news came from the genesis has been ruining the crypto market again, lending platform keeps halting user's money. This may make people starting to distrust the crypto market. I thought that if the trust will not come easily to the crypto market again. The bad news has been dominating everything.
Bitcoin is not so strong to handle it. It's not easy to attract the billions dollars that have been going away from the cryptocurrency.
But that's what happens in a bear market. Things take time to turn around and to get people trusting markets again isn't one week job. It could take a year and many people will quit at the bottom. This is something we have seen many times, but as it's happening on bigger and bigger scale EVERYONE is seeing it. And from what i pick up at reddit and different forums, public still don't get it. They think because it''s ponzi, and because FTX was ponzi. And they are happy it happened to "annoying" crypto people and i totally understand the bitterness. They don't even get that most of us are cynics too, they think we are all moonbois and libertarians and make articles like this. But that's their loss.

~

And OP right, big businesses understand that crypto is volatile and probably now are buying projects that they see solid and important, not just hype.


That is the thing! People judge by the sensational news of the FTX cascade, and in consequence, they perceive the whole ecosystem is damned. Bitcoin obituaries have been spread many times, and right now they gotta fills the number again. It is a seasonal thing of a bull and bear market, and this time won't be the last time. Cryptocurrencies have gained a tremendous amount of impression over this year and last year, yet, it won't stop just right here.

Those media are just playing a clickbaity title while it is still hot, and fulfilling the ego of crypto doubters.
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November 17, 2022, 11:34:35 AM
 #15

Crypto will never fade. Unless someone invent something works like a blockchain but can be accepted by government with its decentralized mechanism.

People might get scared with the events happening but thats normal and not all have a chance to survive a bear market and recession state which will totally affect the overall market. There are cases like this which is unavoidable due to human error and overly confident on managing funds. But crypto will definitely be here for a longer time.

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..BUY/ SELL CRYPTO..
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November 17, 2022, 11:59:24 AM
 #16

Despite all of the drama with FTX:

-Apple pay added USDC support
providing  an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.

Crypto is here to stay.

I have seen this a hundred times and there are much worse than this, every time something like this happens all we have to do is to visit Bitcoin Obituaries and see and looked back at the worse scenarios Bitcoin have encountered so far there are already 466 articles that Bitcoin has died and I guess many more are coming

In 13 years Bitcoin which is the father of Cryptocurrency, it has weathered the storm 2017 is the year that we recorded the number of times Bitcoin died.




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November 17, 2022, 12:00:00 PM
 #17

Crypto will rise after a tragic price dump. Those who can afford to wait will get rewards, I'm not sure what will happen to those who left early and sell their coins.

I invest in crypto today believing that someday it make me happy, earning a profit. I've heard a lot of negative news, FUDs, market issues, etc. Might be a big deal for others but for me, it was just how the market looks like and it cost market volatility. If we are investing crypto, make it sure that we are ready enough to face this difficult times.

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November 17, 2022, 12:20:41 PM
 #18

Despite all of the drama with FTX:

-Apple pay added USDC support
providing  an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.

Crypto is here to stay.
In fact, support for Google pay and Apple pay has been integrated with cryptocurrency for a long time, and usdc is just a new coin that will be supported for payment. But it's still good news, especially when there's only negativity and panic everywhere. As for cryptocurrencies being with us for the long, there is no doubt about that. We are lucky to have witnessed the emergence of this unique phenomenon. I don't think there will be anything like it for a long time to come.

.
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November 17, 2022, 01:06:34 PM
 #19

Bitcoin's bottom price today is considered a dream price before, therefore, just believed.



I believe a lot of people have forgotten about this, it's all just looking down from above, from $69k looking down. But if we look from 2009 to now, at the current price of bitcoin, I can say it's a success that no other asset class can match. We have seen Mt.gox crash before and bitcoin passed after that, I believe that FTX will also be like Mt.gox unable to stop bitcoin's momentum. Everything remains the same, bitcoin will still grow and increase in price over time if we zoom out.

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November 17, 2022, 01:24:41 PM
 #20

There are countless news stories about Bitcoin that I remember. If I look at the positive and negative, the negative ones are more. At this point, they can only slow down Bitcoin, but they cannot prevent it from going to its destination. I am very comfortable with this. Yes, some news came out as a result of really big events. Some news pulled Bitcoin back for a long time. However, judging by the result, Bitcoin always continued on its way.

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