Will Crypto survive?

[BitDane]

crypto is a scam, it's no better than the government fiat currency that has enslaved the world

Bitcoin is not a cryptocurrency? it is also part of the market but it is different from the rest. Bitcoin would survive even without altcoins, but without altcoins bitcoin would not be as popular as it is today. You should remember that 90% of the participants in this market are for profit, not for technology or privacy. If there was no crypto market then bitcoin would have no volatility then no one cares about it.

Bitcoin is not an altcoin but a cryptocurrency.  Both altcoin and Bitcoin is under the umbrella of cryptocurrency.  Probably barto123 is confused about an altcoin and cryptocurrency.  Though many altcoins are created scams, I still believe that a few of them are created with sincere intention of innovating the cryptocurrency industry.  These altcoins bring new knowledge and application on the table where Bitcoin is very slow to produce.  Altcoin seem a testing ground of cryptocurrency innovations.  So I believe no matter what happen in the market, Cryptocurrency will survive.  Cryptocurrency Industry is bigger than what we think.

[The Great Kardoko]

Of course "it" will survive. Most currencies will not, but the ecosystem will evolve and move on.

[crunck]

If you say you've been here 9 years in the market, I think you've seen a lot of things like this and then everything is always back to normal. Is that true? So there is nothing for you to worry about the current situation, everything will always be repeated, the market will crash and then recover, grow stronger...will crash...grow...I see everything is still working very well, if you check the trading volume on coinmarketcap you will see that it is still very large and there is no decrease in trading volume.

[worle1bm]

The crypto market is not going to zero but some shitcoins that have temporary run will not be able to recover after this dump and if you are holding them then it's dead end for your investment.But if we speak about bitcoin and some other top coins then you will soon see money flow in the market and prices rising for them once investor gain assurance and this whole FTX mess clean up and green charts will be up again.

[Ahli38]

I actually see more positive things in crypto after many exchanges have collapsed due to mismanagement of user funds by exchange owners. because in the end there will be fewer people who cheat and what will survive is an honest managed exchange.

one of the positive impacts after the bankruptcy from FTX was the effort made by each exchange to be more transparent to its users. so that we as users can now see and monitor or oversee the flow of funds stored on the exchange. all exchanges have now endeavored to become more trustworthy exchanges. proof of asset reserves to be more transparent. Increasing security related to user funds is an important point in the progress itself.

but still, that doesn't mean we have to trust the exchange 100% by storing our assets there. no, we still shouldn't entrust our assets to the exchange. if it's our long-term savings asset, then keeping it in a personal wallet is better.

[Yatsan]

crypto is a scam, it's no better than the government fiat currency that has enslaved the world

Bitcoin is not a cryptocurrency? it is also part of the market but it is different from the rest. Bitcoin would survive even without altcoins, but without altcoins bitcoin would not be as popular as it is today. You should remember that 90% of the participants in this market are for profit, not for technology or privacy. If there was no crypto market then bitcoin would have no volatility then no one cares about it.

Bitcoin is not an altcoin but a cryptocurrency.  Both altcoin and Bitcoin is under the umbrella of cryptocurrency.  Probably barto123 is confused about an altcoin and cryptocurrency.  Though many altcoins are created scams, I still believe that a few of them are created with sincere intention of innovating the cryptocurrency industry.  These altcoins bring new knowledge and application on the table where Bitcoin is very slow to produce.  Altcoin seem a testing ground of cryptocurrency innovations.  So I believe no matter what happen in the market, Cryptocurrency will survive.  Cryptocurrency Industry is bigger than what we think.

That's the fairest comment I've ever seen, many people are too crazy about bitcoin and think all altcoins are scams and useless. That's ridiculous, Cryptocurrency market without altcoins, bitcoin would also be useless, a bitcoin can't make a market. We are here for profit so I will invest anywhere as long as it can give me profit. Bitcoin or altcoin is just a tool and how you use it is what matters most.

Both are under the category of cryptocurrency. Altcoins are simply alternative coins to Bitcoin, nothing more and nothing less. Most of the time are from small projects there are even "memecoins" nowadays but still, they are all the same. But scam acusations would be a different story. Scam coins are simply non paying projects, or if they took something from you and you get nothing from them and definitely, not something which caused you losses just because of the market price behavior wherein in the first place; everything is lacking considtency in this industry. These things are different. They are all just being generalize simply because they  are a part of this industry and we just cannot stop such thing; we can only lessen the victim by sharing our knowledge especially to new ones.

[Ummarr]

It depend on how you take it, I think we using crypto are the ones to promote it.
I mean bringing new ideas into the platform so that people will be perticipating, bringing new ideas in to the platform will help the crypto to develop and survive.

[FanEagle]

I actually see more positive things in crypto after many exchanges have collapsed due to mismanagement of user funds by exchange owners. because in the end there will be fewer people who cheat and what will survive is an honest managed exchange.

one of the positive impacts after the bankruptcy from FTX was the effort made by each exchange to be more transparent to its users. so that we as users can now see and monitor or oversee the flow of funds stored on the exchange. all exchanges have now endeavored to become more trustworthy exchanges. proof of asset reserves to be more transparent. Increasing security related to user funds is an important point in the progress itself.

but still, that doesn't mean we have to trust the exchange 100% by storing our assets there. no, we still shouldn't entrust our assets to the exchange. if it's our long-term savings asset, then keeping it in a personal wallet is better.

The problem is that they are like hydra, cut of one head two shall take its place. Which means while FTX could be gone right now, there could be two new ones who are growing that will turn out to be a scam later on.

We have seen plenty of exit scams and exchange problems all through the history of crypto, which means that there is a chance it may never end. I am not saying that it will never end for sure, maybe it will end but from the looks of it they have no intention of ending it at all. Which is why I believe that we shouldn't be really expecting this to slow down anytime soon. Maybe tomorrow there will be a whole another one, we may never know.

[OgNasty]

Obviously crypto is going to survive. The amount of man hours that have been invested in the industry is staggering. Crypto may drop more in price, but this is normal in a budding industry. It is what squeezes out those looking for a quick buck and allows the builders and believers to amass more holdings before the inevitable future is realized. Will crypto make you rich overnight? Probably not. Will it change the world? Almost certainly.

[n0ne]

Obviously crypto is going to survive. The amount of man hours that have been invested in the industry is staggering. Crypto may drop more in price, but this is normal in a budding industry. It is what squeezes out those looking for a quick buck and allows the builders and believers to amass more holdings before the inevitable future is realized. Will crypto make you rich overnight? Probably not. Will it change the world? Almost certainly.

Survival of cryptocurrency is assured. During this time period we've seen the existence of a good number of cryptocurrencies, but very few have lasted longer in the market. This is all about the trust it gained from the common people. As said, people should have the proper understanding about cryptocurrency only then it is possible to make use of it in the right way than making it an way to turn thyself rich overnight.

[mrongoz_imut]

If you say you've been here 9 years in the market, I think you've seen a lot of things like this and then everything is always back to normal. Is that true? So there is nothing for you to worry about the current situation, everything will always be repeated, the market will crash and then recover, grow stronger...will crash...grow...I see everything is still working very well, if you check the trading volume on coinmarketcap you will see that it is still very large and there is no decrease in trading volume.

Very true, as you said, there is nothing for us to worry about, because it has been more than a decade that we have entered crypto currency, so we already know about the journey of crypto currency and the crypto currency market, sometimes the market crashes then recovers, sometimes crypto prices down like rain, sometimes suddenly the price of crypto goes up and up, so I personally think crypto currency, especially bitcoin, will definitely survive in any situation, unless the apocalypse comes, I'm not sure crypto currency will survive.

[Oceat]

If you were a Bitcoin enthusiast you wouldn't view Bitcoin like that so I guess it's different from everyone's perspective. I may know that some shit coins will fall as it is even in the past, but for Bitcoin? It stays stronger every bull market although some people didn't see it that way because probably they are after just for the profit but if look at it in a manner where Bitcoin is already an asset/currency and not just some kind of pump and dump coins, it will survive no matter what happens in the market.

[Tazzy4050]

Yup definitely. The fastest way to send, earn, acquire, accumulate money. You can invest as little as $1 and you will get better yields compared to banks.
Cryptocurrency I think is the most stable business in the market. Consider this a go to place for people who wants to invest and get better returns of their money rather in banks. In a year you barely get 5% annual rewards from investing or depositing your money. Unlike in crypto. you can choose to stake, deposit, trade and get higher APY yields. Imagine every year more users are signing up in every exchange in crypto market and we are not talking about just 1 exchange here. Mainly because crypto is where “money” is. You can see how many people are into crypto and will be into crypto in the next decades in 1 exchange alone...

[Ahli38]

I actually see more positive things in crypto after many exchanges have collapsed due to mismanagement of user funds by exchange owners. because in the end there will be fewer people who cheat and what will survive is an honest managed exchange.

one of the positive impacts after the bankruptcy from FTX was the effort made by each exchange to be more transparent to its users. so that we as users can now see and monitor or oversee the flow of funds stored on the exchange. all exchanges have now endeavored to become more trustworthy exchanges. proof of asset reserves to be more transparent. Increasing security related to user funds is an important point in the progress itself.

but still, that doesn't mean we have to trust the exchange 100% by storing our assets there. no, we still shouldn't entrust our assets to the exchange. if it's our long-term savings asset, then keeping it in a personal wallet is better.

The problem is that they are like hydra, cut of one head two shall take its place. Which means while FTX could be gone right now, there could be two new ones who are growing that will turn out to be a scam later on.

We have seen plenty of exit scams and exchange problems all through the history of crypto, which means that there is a chance it may never end. I am not saying that it will never end for sure, maybe it will end but from the looks of it they have no intention of ending it at all. Which is why I believe that we shouldn't be really expecting this to slow down anytime soon. Maybe tomorrow there will be a whole another one, we may never know.

You are right. and indeed in fact is exactly as you say. But at least the awareness of new crypto users has improved. they learned a lot from the many exchanges that went bankrupt as a result of misuse by the exchange owners themselves of user funds.

and the problem of fraudsters, then it will indeed be difficult to get rid of. even if all exchanges have used Proof of reserve. still a fraudster will look for loopholes in the system.

[Minecache]

People who say crypto won't survive are just people who lose money while trading their coins. They regret their own decisions and try to scare others.
Look at the people who got profit from cryptocurrencies; they just quiet. Some of them keep spreading positive things. And I'd rather say cryptocurrencies will survive.

14 years of existence can be said to be a period of time that is not long but not short either. Yes, crypto has been around for the past 14 years and has been through terrible things too but in the end it's all here with us. So I don't see any reason why we should stop just because of the collapse of a tiny exchange. FTX is not the center of the market and many losers leaving the market does not mean the market will be empty. Hashrate is still hitting records every day, bitcoin wallet holdings are still increasing daily, how can it be said that the market is dying.

[kopi72]

i think only bitcoin will survive because the centralisation is very bad for the liberty.

[danadc]

What I have learned is that no currency is safe, the currency that I think will live forever is bitcoin, because it has a lot to offer and for me it will be the money of the future and there is no other currency that can compete with it.

I have no idea how many cryptocurrencies there are in the world, but there are many and none of them have good economic support, what goes down and falls, the creators leave with what they can sell of what they used and they sell them however, what matters for They want to make a profit, that's what scares me, but with bitcoin it's very difficult for something like this to happen, bitcoin is gaining a lot of strength and they get more and more to earn with bitcoin.

[Mikorist]

Or Will Winter Last Forever? 

[bitterguy28]

Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?

I have nothing to extend because everything had been told above , but like many I want you to realized that after 13 years of existence , look at crypto , still moving forward and growing so asking if this will survive? we already saw the Pandemic of Covid 19 , does this make sense to crypto market?
i think the answer is no so if crypto will survive it already does and will continue surviving .

Or Will Winter Last Forever? 

nor summer ? 

crypto will survive forever that is one sure thing even with government intimidation .

[CryptSafe]

There should not be any argument over this I think because it has always been a rift raft affairs onset from Bitcoin inception. When Bitcoin was invented by Satoshi Nakamoto years past, there has been castigations are counter argument over the existence and longevity of Bitcoin but here we are today Bitcoin has led and paved way for other Crypto currencies to emanate. So the question as asked look more of a joke rather because I see no reason why Crypto would not survive. Currently, nation's have started adopting Bitcoin  and some Cryptos as a legal tender and to the point of them build their own blockchain and native Crypto currency. Some already launched theirs while others are working on theirs.