Good days to bitcoin will be back soon.

[franky1]

Thanks, you made a nice point that we should not trust the third party for managing our crypto. Most of them are not really very customer friendly. But they have taken the lead and majority of new investors are trading through these 3rd parties only.
How can people really learn to handle their crypto assets, can you help me out on this.

people in general have all their lives been incodrinated into trusting banking systems as custodians. where they have had government insurance protections to ease their mind of distrust.

crypto however does not have these same government protections for crypto custodians. so its a education to teach people about self custody

the main problem is newbies getting into crypto for the first time were given sales pitches by other people they know in a short "get rich quick" scheme or told how bitcoin is secure, but not really explaining the finer details of differences of fiat compared to crypto, and risks

finer details are simple
bitcoin. deflationary, more secure in self storage. not middleman custody
fiat. inflationary. more secure in banks not under your mattress

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[ethereumhunter]

If you don't want to invest in altcoins, you can choose bitcoin and forget about the other coins. Having bitcoin as your investment is enough because bitcoin is leading the market to rise again. We don't know what will happen to the other coins but all coins will surely change their position and only the truly valuable coins will remain in the market. When a bear market comes, it will eliminate most of the useless shitcoin listings altogether to improve market conditions, and this has been the case for many years. And if you only have bitcoin, you will not regret choosing bitcoin because it is bitcoin that will give you the biggest profit.

[worle1bm]

See at this time I see no actual pumps coming to the market because it's kind of in the crash period and it will take time and huge investment for the prices to rise up from here.We are entering into the end of this year and contrary to our expectations of high prices we are stuck at $16k so in next six months we can be above say $35-$40k actually so wait till that time and hold it for long term.

[kamvreto]

No matter what other protocol has come, POW remains the best and bitcoin has been the best decentralised and anonymous. Such was the vision and works of Satoshi that after so much of search of alternatives for decades , bitcoin still remains the best

POW is a bitcoin identity that cannot be replaced with POS. Because POW is clearly decentralized and POS is clearly centralized.
Like ETH turning from POS to POS. Bitcoin is still the best among altcoins and new projects are coming all the time.
Bitcoin is no longer in doubt.

[franky1]

See at this time I see no actual pumps coming to the market because it's kind of in the crash period

its not a crash period
bitcoins value is not derived from its ATH point. bitcoin value is derived from its low point.. which each cycle(4 years) that latest low is higher than the low of previous cycle

bitcoin has returned to GOOD VALUE

people are suppose to buy low sell high
they are not suppose to lock value in at a high to then sell low.. thats just stupid to trade like that

this is bitcoins good time to buy moment not a "crash/fear" moment

..
stand on the ground.. ground your self into rationality. and then look up to the future.. dont float in the clouds looking down
dont do it for me.. do it for your own stress and fear levels. it will help you

We are entering into the end of this year and contrary to our expectations of high prices we are stuck at $16k

we are not "stuck"
the market is testing the lows. testing it as a new non-zero support to then move up from.
testing the lows is a good thing. because once its tested enough that no one wants to sell below. where all those that could have done so or come to not want to.. then the markets move up

then knowing no onewants to sell below.. a new low can be found next time even higher

forget watching ATH.. watch the periodic lows. and watch how the periodic lows grow over time.. that is where the value lays. that protects your value.
ATH are just temporary events that dont last a day

[michellee]

See at this time I see no actual pumps coming to the market because it's kind of in the crash period and it will take time and huge investment for the prices to rise up from here.We are entering into the end of this year and contrary to our expectations of high prices we are stuck at $16k so in next six months we can be above say $35-$40k actually so wait till that time and hold it for long term.

Maybe the pumps won't come yet because the market is still declining. We really hope that at the end of this year, there will be an increase experienced by bitcoin so that we can get a little profit before the price goes higher. It can help us to survive in this bear market if the price can still fluctuate because we can try to buy low and sell high. But in a situation like this, we have to be more careful in buying bitcoins because we don't know if the price of bitcoins can be lower than now.

[Leviathan.007]

I believe good days or bad days for bitcoin are not actually related to a platform like FTX or any other changes. What happened to them will change people's minds about holding bitcoin in exchanges we all knew holding money there could be a big risk but regardless of that, this won't change anything about bitcoin itself, and regarding the bear market, many people think we won't see a valid signal about finishing the bear market before the next halving because that's what happened during the recent halvings.

[crunck]

As for POS nothing more to say infact the recent saga around Centralized exchanges as proven that POS doesn't have a future due to its centralization, I just hope investors do not realise it late.

If comparing POW with POS then of course POW will be the better choice because it brings decentralization but the collapse of exchanges, specifically FTX in recent days, I think has nothing to do with POS. All the people who lost money in the FTX crash are aware of the risks of putting their money in FTX but they chose the risk to seek profit and they were too subjective to trust FTX completely.

Proof of work is far more secured than proof of stake algorithm since pow give us decentralization and prove of stake open us up to centralization of the network, since with proof of stake, the wallet with the highest stake volume control the network confirmation and this give power to few whales that can tempered with the transaction process since their have the higher stake volume.

But then pow also have its own shortcomings and one of them is the energy consumption by miners, but even that is taken care of by the use of another source of energy supply.

POW's energy consumption as well as bitcoin's would be justifiable because it creates value for everyone, I hardly care about the government's bullshit accusations about POW's energy problem. Just like industry or technology today, everything consumes electricity and generates waste.  But as long as it creates real value it's not wasteful and normal.

[Bazzu]

and now it has been proven that bitcoin is very feasible to make long-term and short-term investments. because investing in altcoins that are not of high quality is really very high risk. and lots of altcoins that fall and harm many people.

[GreatArkansas]

(.....)
Moreover it's becoming clearer that in future a lot of shit coins are going to fall on their face and wipe out from the system.

That's why I consider the bear market as the terminator of scams and shitcoin projects in the cryptocurrency market. This is already proven even though the last bear run started in 2018. The best example is the ICO fever, a lot of projects before vanished and turned into scams. But look how Bitcoin standing now, it's still the king and on the top.

[Inwestour]

That's why I consider the bear market as the terminator of scams and shitcoin projects in the cryptocurrency market. This is already proven even though the last bear run started in 2018. The best example is the ICO fever, a lot of projects before vanished and turned into scams. But look how Bitcoin standing now, it's still the king and on the top.

If we compare the bear market of 2018 with the current one, then the difference is very significant, since the ICO initially had a lot of fraudulent projects focused on taking money from investors, and that’s it. And now we see how large exchanges like FTX, or other large projects go bankrupt, and they definitely didn’t intend to deceive their investors, they planned to work on the market for many more years, but stronger players simply take them out of the market.

This only says that big players with big money come to the crypto, who eat the weak. This is a good sign for me, as it says that they see great potential in the cryptocurrency market and we will see growth, I hope in the near future.

[GeorgeJohn]

Every bear market leads to the death of shit coins and with the current saga combine with the bear market more will follow suit.

Actually bearish market do affect any coins in the market depending the potentiality of the coin, so many of shitcoins give off during a bearish market, but sometimes not some do give off, because of the investors who are on queue investing such particular coins, so i will agree with your suggestion and in same vain make you to understand that fews coins do survive via bearish market.

[Japinat]

Every bear market leads to the death of shit coins and with the current saga combine with the bear market more will follow suit.

Actually bearish market do affect any coins in the market depending the potentiality of the coin, so many of shitcoins give off during a bearish market, but sometimes not some do give off, because of the investors who are on queue investing such particular coins, so i will agree with your suggestion and in same vain make you to understand that fews coins do survive via bearish market.

That is why bear season is important because it will eliminate any insignificant and worthless coins in the market that will just confuse the investors and potential investors in the crypto market, just think of it as a useful season to get things sorted for you so that you won't be wasting your funds in coins that doesn't have any utility. Along with the elimination of shitty worthless coins, valuable coins on the other hand will rise and remain until the the bullish season will come.

[GeorgeJohn]

That is why bear season is important because it will eliminate any insignificant and worthless coins in the market that will just confuse the investors and potential investors in the crypto market, just think of it as a useful season to get things sorted for you so that you won't be wasting your funds in coins that doesn't have any utility. Along with the elimination of shitty worthless coins, valuable coins on the other hand will rise and remain until the the bullish season will come.

It's someone who doesn't research before venturing into investment of cryptocurrency will liable to venture into a no valuable shitcoins, because before someone venture or margin into any cryptocurrency investment and especially all this shitcoins you have to conduct a research concerning that particular project should Incase of bearish market.

[kamvreto]

If we compare the bear market of 2018 with the current one, then the difference is very significant, since the ICO initially had a lot of fraudulent projects focused on taking money from investors, and that’s it. And now we see how large exchanges like FTX, or other large projects go bankrupt, and they definitely didn’t intend to deceive their investors, they planned to work on the market for many more years, but stronger players simply take them out of the market.

This only says that big players with big money come to the crypto, who eat the weak. This is a good sign for me, as it says that they see great potential in the cryptocurrency market and we will see growth, I hope in the near future.

Everyone expects growth in the near future, but the current state of affairs is still a very risky one to enter. the big will eat the small. The failure of an exchange like FTX was purely the fault of their CEO and greed was also the main cause. The current downward trend is indeed dominated by several large crypto projects that have collapsed and resulted in damage to trust in crypto, FTX is the biggest cause at this time, and many investors are starting to distrust centralized exchanges.

[krishnaverma]

Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.

There are many crypto assets that are currently in the market and are backed by nothing. This has shown that when it becomes too risky to invest in shit coins and why we should avoid it.


Moreover it's becoming clearer that in future a lot of shit coins are going to fall on their face and wipe out from the system.

The fall of FTX also showed the lacuna of POS as well. While ethereum moved to POS. I believe it has in one way or other affected the crypto ecosystem to lead to this fall.

Believe it or not the future is of crypto regulations. The thousands of crypto projects which have been launched without any meaningful backing are going to fall on face.
It's time of retribution for those altcoins

All the naysaying  and scepticism of bitcoin will going to end soon. As in a well regulated market only are few currencies will be traded. And for sure bitcoin will lead from front.

It is good when we will have less coins. There will be less confusion to chose from.

I think the principle of "Survival of fittest" will apply to crypto coins as well. Only coins which are genuine and have some specific use will remain alive. The real shit coins will be dumped eventually. And new developers will also understand that there is no point in creating shit coins anymore. Overall we will have a  much more clean community that will benefit the crypto users and investors. Bitcoin will always be the leader because for beginners crypto means bitcoin.

[borovichok]

Bitcoin pump is around the corner and we should be expecting the bull run up of it sooner or later. So we should get back on our heel and bagged more Bitcoin this week, and keep it for the promising future. The dump is very critical and have really affected the market badly, the dip have been here for a lengthy period of time. We also needs to be aware of the glitch, in as much as aiming to bagged more pieces of bitcoins, we can't afford to lose our money to the dip. We should take preservative measures in bagging it and definitely we'll see profits when it pumps.

[Newlifebtc]

There is no time Bitcoin is being rejected across the world who I believe that Bitcoin he still have it on value except that I don't know exactly what you're saying cuz bitcoin will soon be back means that the price of Bitcoin crash or collapse or the distance was no longer effective to the bias because since this year it could have been into existence and more investors are becoming so I'm just seeing this guy twice in other currency

[Mpamaegbu]

OP, there's nothing you said there that aren't already in the public space. Investors know that shitcoins will always be what they're but they think they're going to be lucky and get out before it collapses on them each time they invest in shitcoins on short time. Sadly, they get caught in the web.

All the naysaying  and scepticism of bitcoin will going to end soon..

Don't pay any attention to naysayers. Those who say that haven't been long enough in this industry to notice and be reassured that Bitcoin is the pillar of this industry.

[Subbir]

Bitcoin prices may soon move higher as analysts believe that the recent decline represents a brief period of profit taking that is coming to an end 2022 is fueling a bullish narrative among the world's largest crypto investors. Many investors were disappointed after the market did not stabilize but bitcoin will reach good position again many investors are leaning towards bitcoin and now is the right time to hold.