Crypto is here to stay.

[len01]

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.

from the quote you explained, it can be concluded that bitcoin will never be affected by anything that happens in the market and when bitcoin is indeed the time to be bullish, it will still increase in price.
It's been bad news for a long time that emerged for the existence of bitcoin but it really can't destroy bitcoin or even kill bitcoin.
some of us who are here have experienced several times such news appears to kill bitcoin but every time the news comes after several years bitcoin gives a very high price after the halving

[Sayeds56]

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

Bitcoin is behaving like cyclical assets and follows the trend in the overall economy like stock market which is evident from its strong correlation with stocks. Though currently it is in bear cycle since the beginning of 2022 but for sure it is not going anywhere, it is here to stay, it will bounce back but I think market will first enter in stabilization phase once Bitcoin is bottomed out then most likely we will see beginning of bull run by mid of 2023.

[KingsDen]

Cryptocurrency will stay in its place. But some investors may fail to stay. The crypto market is volatile so it can be bullish as well as bearish. It has established a strong position here in every part of the world. Hopefully in the future more good companies will be encouraged to invest in this platform.

The cryptocurrency industry by nature is volatile. This has caused many investors to occasionally run away from crypto and yet the volatility of the cryptocurrency industry has also attracted some investors. While volatility is an advantage to some people, it is a disadvantage to other set of peoples. The overall effect would be that some investors we run away from cryptocurrency industry some investors will choose to remain and learn to deal with volatility while some will also remind because they benefit from volatility (traders). This is just the market sentiment and it will remain like this until when the cryptocurrency industry will be regulated to a large extent and the price will be somewhat stable, then will mass adoption come.

[el kaka22]

Bitcoin and crypto are different words. When someone says crypto, they may mean altcoins as well and that’s not going to be that much of a big deal. Let’s be real and accept that some alts will die, like Luna did, and like many other before that and after that.

We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.

[Toni Ross]

There is no indication that Cryptowave will be discontinued in the near future. The market for cryptocurrencies is actually still in the early stages of its development. There are now a great number of additional brands participating in this wave. Therefore, it is reasonable to draw the conclusion that cryptocurrencies will continue to be traded on the market for the foreseeable future.

[yazher]

What has happened with FTX is just another kind of thing you see in the crypto industry every year though it's kinda big because of their influence, events such as this one only give investors lessons so that they will be aware of it in the future and they can use it to prevent the same thing will happen to them in the future. As for the continued development in the other companies that are crypto-related, this is also expected because they already know that crypto is way bigger than a fraud exchange like FTX and they won't really jeopardize their opportunity to develop and update their product with crypto, just by seeing FTX failed their investors.

[Sayeds56]

There is no indication that Cryptowave will be discontinued in the near future. The market for cryptocurrencies is actually still in the early stages of its development. There are now a great number of additional brands participating in this wave. Therefore, it is reasonable to draw the conclusion that cryptocurrencies will continue to be traded on the market for the foreseeable future.

Indeed, it is in its early stages of development and far from maturity, that is why it is extremely volatile, and we witness huge spikes in its price on daily & weekly basis, but it here to stay because its popularity is growing fast as it provides opportunity to new investors to buy at good price and to long term investors to sell their holding when market in bull run and book huge gains, but we should invest only in good coins ,those have strong fundamentals.

[evichi]

Despite the recent bad news (FTX Collapse, UST/Luna issue, etc.) that have brought negative signals to the crypto space, The crypto industry is still moving because the crypto industry have a lot to offer for those of us that believe in it. IMO, most events that have happened is not about the crypto technology, it is about people - it simply brings out some aspect of the human element: distrust and insincerity. Blockchain technology has been built to be utilized and deployed for the benefit of those in the crypto space, but human manipulations bring in bad reputation in the crypto space as if there is something wrong in the technology. I think, these events are rather shaping the the future of the crypto space, and will make it more robust and more trust-worthy in the future. The crypto industry is here to stay. 

[Marvell1]

What has happened with FTX is just another kind of thing you see in the crypto industry every year though it's kinda big because of their influence, events such as this one only give investors lessons so that they will be aware of it in the future and they can use it to prevent the same thing will happen to them in the future. As for the continued development in the other companies that are crypto-related, this is also expected because they already know that crypto is way bigger than a fraud exchange like FTX and they won't really jeopardize their opportunity to develop and update their product with crypto, just by seeing FTX failed their investors.

Admittedly, the crash of FTX has a negative impact on bitcoin as well as the entire market but in the end, FTX is only a part and very small compared to the entire crypto ecosystem. The collapse of FTX can only affect but not prove or judge that cryptocurrency cannot survive even if it's not FTX, it's binance or coinbase can't kill the market, they are just part of the market. Without that exchange, the market still exists and develops.

[SquallLeonhart]

What has happened with FTX is just another kind of thing you see in the crypto industry every year though it's kinda big because of their influence, events such as this one only give investors lessons so that they will be aware of it in the future and they can use it to prevent the same thing will happen to them in the future. As for the continued development in the other companies that are crypto-related, this is also expected because they already know that crypto is way bigger than a fraud exchange like FTX and they won't really jeopardize their opportunity to develop and update their product with crypto, just by seeing FTX failed their investors.

I feel like it was a bit bigger than the usual, and that is why it created this much trouble. The talked amount is somewhere between 6 billion to 8 billion dollars, which means it is a huge amount gone right away. And as we all know in crypto nothing is really "gone", it just changes hands, or even if it is burned, it's there someone being untouchable at the best case but no gone we can see it, if it moves we can react.

So, this has been a bit bigger than usual and came at a point when we were trying to recover from the crash and caused a little bit of a trouble for the market. We will get better though, we are already, and we will be 20k again.

[sajeeb21]

Individuals should likewise look on the splendid side or positive side since there is a ton of development right now that is in cryptographic money, these negative news or occurrences occurring on digital currency right presently is by all accounts given en route.
For my purposes, there is consistently a great deal of positive news and development occurring and coming to digital money contrast with adverse occasions, so we should be positive generally. Accept those adverse occasions as illustrations as we come.

[uneng]

Bitcoin and crypto are different words. When someone says crypto, they may mean altcoins as well and that’s not going to be that much of a big deal. Let’s be real and accept that some alts will die, like Luna did, and like many other before that and after that.

We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.

True. The correct would be to say Bitcoin is here to stay. That is the only crypto we have seen its lasting at the same position since the beginning. Another cryptocurrencies proved to be temporary tendencies adopted by investors for speculative hypes, which don't last more than a year or two. As examples we have currently NFTs and Blockchain games, which have already become irrelevant. Maybe we could open an exception for Ethereum, which is also keeping the same position for a long time by now, but Bitcoin is still unbeatable.

[Daras]

Crypto has been a wonderful alternative to the traditional money market if not a competitor, but the recent dramas in the last few months have been a lesson to everyone to have a critical thinking about crypto.

[Furious 7]

Bitcoin and crypto are different words. When someone says crypto, they may mean altcoins as well and that’s not going to be that much of a big deal. Let’s be real and accept that some alts will die, like Luna did, and like many other before that and after that.

We just need to accept the fact that it’s not going to be that easy to invest into coins other than bitcoin. However, if we talk about the general "idea" of crypto, it will always be here, bitcoin and "some" other coins will always be here, the top 10 could change, top 20 will change, top 100 will definitely change, but top 1 won't, that’s bitcoins spot and will stay there for sure. I just hope people won't fixate on any other coin.

The problem is that a lot of people are still not aware of this and seem to generalize between bitcoin and altcoins even though this is very different and even I still find some people who are still confused about bitcoin and altcoins.
On the other hand, I quite agree with what you said because the safest thing to be here for the long term is bitcoin, not some of the coins in the alt. although indeed this can still be done for some alt which does have potential, still from a security point of view bitcoin is a real thing.

[doomloop]

Crypto has been a wonderful alternative to the traditional money market if not a competitor, but the recent dramas in the last few months have been a lesson to everyone to have a critical thinking about crypto.

For the most of us, cryptos are more than just an alternative but they treat it as a replacement to the fiat money especially Bitcoin since it was the most decentralized crypto up to this date. We can also call it as a competitor. It was the banks actually who termed it because they see it as threat to their business.

This is also the reason why cryptos are banned by them or they request it to the government to ban it in their whole nation. The recent drama in crypto doesn't made people think if they will continue to use it or not but it only teach them a lesson to not fully trust centralized platforms because they aren't totally in control of their money.

[wastagnn]

During the bear market, there will always be a lot of bad news and FUD about cryptocurrencies in the crypto market. But none of this will affect the continued existence of cryptocurrencies, and will even make them stronger. I believe that after the encryption winter, there will be a lot of positive news and innovations in cryptocurrencies.

[TheUltraElite]

Obviously crypto is here is to stay, the more you use crypto the more you realize how easy and simple it is to send someone money in the form of crypto. While many people do not accept this method of payment we are gradually going through the denial-acceptance cycle and we are working on it.

Problems like bankruptcy/hacks/scams will happen in every sector and the lack of regulation in crypto makes it all the more vulnerable to the same. But that does not mean that the older users of such a system would stop using it. Therefore its adoption will increase and soon big merchants will be forced to accept it in some way or the other.

Therefore fill up your bitcoin bags and lets all get rich!

[GideonGono]

It has been through so many hardship so many dramas but I believe that crypto would stay for good.
There are so many companies that is now using or accepting crypto so it wouldn't die easily because of those dramas.
Crypto has been around for so long even though it is having a hard time now (price drop) I believe that it would soon be back up again.

[Ojima-ojo]

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.

Bad news spread faster than good news and in this situation, cryptocurrency price is used as the basis for determining it effectiveness in the economy since most people take cryptocurrency as an investment and not a currency.

Genesis an affiliate to FTX was a big project that hold lots of investors money, but we must know that genesis is a centralized projects which make it risky to deal with but newbies may not be aware of the risk associated with putting money on centralized platform.

Far better to hold you investment in a personal wallet and not handing control of your balance to third-party services, there have been major setbacks in the crypto industry.

But investors are becoming more familiar with their mode of operations and at that from their experience and the effects of recent events on the price of most coins, more people are now learning to hold the coins in their custody.

[milewilda]

It has been through so many hardship so many dramas but I believe that crypto would stay for good.
There are so many companies that is now using or accepting crypto so it wouldn't die easily because of those dramas.
Crypto has been around for so long even though it is having a hard time now (price drop) I believe that it would soon be back up again.

We've been through lots of negatives and disasters we do have on this crypto market on which we do believe that it might be dead soon but we are still here and breathing.
I cant really just blame out other peoples views and insights because of the negativity around which it is really not that surprising to have this kind reaction.
This is why its important that we shouldnt really be that too hopeful nor really that optimistic on things because it would really make your disappointed
if ever you havent meet your expectations.