Bitcoin Bloody Year 2022 coming to End

[Twentyonepaylots]

Indeed, many thing happened this year; from values breaking barriers and 'celings' to a deep downfall. At the present, recovery still is a struggle for this industry and no one knows when will the market in general go up again. For now it is either holding, or investing more, are the best options to do if you are an investor. For those who are planning to engage with this industry, be sure to gauge your capabilities and circumstances because no assurance still whether the market price would be able to recover early next year, with that, you have to endure the market situation.

The market will start greening once there will be new interesting projects around. What I think, what happened to the market is that we forgot how it works we hold onto something that we know at first is not a stabilize one and so we keep a yearly discussion about it lol. It goes high and low ( lowest ) name your analysis, name what tools you use, market will behave like it was 10 years ago but on a bigger scale. The only advice I can give is LEARN, learn the cycle, make the mistakes and timing more relevant.

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[Nrcewker]

OP why you treating this year as the worst year? I mean you should see the positive side of this also. I mean due to these scams and incidents, Bitcoin’s price fell down, and many new investors joined and bought Bitcoins at cheap price. This year might not be good for you, but you can’t say about the rest of the people same too. Moreover incidents and accidents all are done suddenly out of nowhere. So yes I am also praying that new year brings new price set for Bitcoins.

[Lillominato89]

Bitcoin is about to go through a bloody year.  A number of unexpected events have prevented the Bitcoin market from ever moving upward this year.  Dozens of unexpected events have struck fear into the minds of investors.  Starting with investors, governments and central banks have taken a cautious stance on Bitcoin.  So we are almost at the end of this unexpected year.

Some Bloody Events 2022 & Funds Exploits

• Mango Exploit : $114-115M
• Wintermute Hack: $160M
• Beanstalk Farm Hack: $180M
• Nomad Bridge Hack: $190M
• WormHole Hack: $320M
• Ronin Hack: $600M
• Voyager : $3.75b
• BlockFi: $4.5b
• Celsius: $4.5b
• Genesis Bankrupt: $5b
• 3AC implosions: $18b
• Luna/UST crashed: $40b
• FTX and Alameda Crashed: $40b+

The above shameful scam has completely negative impact on the Bitcoin market in 2022.  We all hope that such incidents do not happen in cryptocurrencies in the coming years.

the good news is that this 2022 is coming to an end, but will it also take away all these problems? this will have to be checked! there have always been scams and there will always be, the important thing is that the whole community does not dissolve and continues on its way, I add that even events outside of hacks and scams of Cex and platforms there are macroscopic events such as war in Ukraine, skyrocketing global inflation and many other problems

[Jody.Drummer]

the good news is that this 2022 is coming to an end, but will it also take away all these problems? this will have to be checked! there have always been scams and there will always be, the important thing is that the whole community does not dissolve and continues on its way, I add that even events outside of hacks and scams of Cex and platforms there are macroscopic events such as war in Ukraine, skyrocketing global inflation and many other problems

We still don't know what will happen later, even though 2022 will end and the turn of the year will be soon, this will still be a mystery in the future, even though the hope is that with the conditions at the turn of this year, the price will be received later because it is during this year we are always faced with conditions where we can only surrender to uncertain conditions.
But we still have to be careful now because sometimes there are things that are definitely not predictable and there could be another fall in the future.

[MarjorieZimmermanGinger]

• FTX and Alameda Crashed: $40b+

The last thing that was most horrendous happened to Bitcoin, as it continued to be linked to the problems that befell FTX. This case is an important lesson for anyone, so protecting assets that are owned must really be considered, because we have learned from the case that happened to FTX. At least when this case happens to other exchanges, then people have prepared options.

If this scenario really happens and is already running on the market, then the bitcoin cycle will experience an increase at the midpoint of the cycle, before reaching the fourth year towards the next ATH. We are still quite optimistic that the next year will see Bitcoin back in a much better condition than now, keep calm and buy gradually to get the next ATH.

[Smartprofit]

Well, that's the good thing about this year and it's about to end and we'll just leave all of those fiascos for this year.

But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.

Overall the lessons are just the same on how we're going to keep it.

In 2020-2021, we have witnessed the insane growth of the cryptocurrency market. 

Many cryptoassets were going up in price, and it was like crazy. 

Remember the rise in price of Dogecoin?  And also the rise in price of other derivatives of cryptoassets based on dog memes?  Remember the rise in prices of crypto assets in the DeFi space?  Rise in price of NFT (all those monkeys, cats, seals, etc.)?  Remember how Elon Musk had fun manipulating the crypto industry (one tweet creating and destroying billions of dollars)? 

2022 is the year of reckoning for all previous madness.  At the same time, Bitcoin, as a protocol for transferring value in the virtual space, has not become worse than it was before the beginning of 2022. 

Therefore, I am sure that the price of Bitcoin will rise in the future.

[_BlackStar]

OP why you treating this year as the worst year?

Some would consider it to be the worst because of all the problems it has affected the market. That's perfectly natural, but that's the dynamics.

I mean you should see the positive side of this also. I mean due to these scams and incidents, Bitcoin’s price fell down, and many new investors joined and bought Bitcoins at cheap price. This year might not be good for you, but you can’t say about the rest of the people same too. Moreover incidents and accidents all are done suddenly out of nowhere. So yes I am also praying that new year brings new price set for Bitcoins.

In addition to the negative side, of course there is a positive side that can be thought of. People are becoming aware of risks and they care a lot nowadays after they see evidence that no one is completely safe from risks. The case of FTX was only one downside, but now the awareness is that users may no longer store their assets in centralized exchanges or online accounts. Not everyone will do it, but I'm sure awareness of it is starting to increase now.

Apart from all these cases another positive side is that we can buy crypto cheaply and we will profit in another cycle in the future. All of this is not the end of everything, but things like the case above cannot be avoided.

[pawanjain]

It's a cycle. When bad things end, good things start and vice versa. It's good that the year is about to end but we never know what the next year will bring.
We don't know how long the bear market will last but hopefully things go good for bitcoin the next year.
Sooner or later the bull market will start to create a new ATH. We just have to hold strong till then.

[bitzizzix]

We never know what bitcoin's next move will be, and amidst negative crypto market conditions we must be patient and use bearish timing wisely because we know that in the future the market will recover and will reverse course, and only time will tell.
and bitcoin news there is always good and bad news and bad news will be a sign that more and more people will know about bitcoin and try to do analysis and search that will increase interest in bitcoin, and 2022 will end soon and also no good movement in bitcoin towards the end of the year. And we all hope the bearish end soon but we can't do anything and it's only a matter of time, and take advantage of this bearish to continue buying and Hodl.

[SirLancelot]

I wasn't even aware of half of the hacks ("hacks" ).

The big question to me seems: Will the behaviour of people using Bitcoin (or other crypto) change for the better?
Tbh I have my doubts. Sure, short-term especially the ones that have been burned will take better care of their keys etc.
In the great-scheme of things, with all the mainstream-media-attention that the FTX fkup is getting, this may help to increase general awareness for good Bitcoin-security-practice. I will be suprised however, if something similar like FTX or LUNA does *not* happen within the next 3 - 5 years of crypto history.

Same here, I too haven't heard a few of them, I guess that is because they are not being talked about here in the forum. People here seem to focus only on the popular companies because the amount that have been lost from them is huge, around billions.

For your question, my answer will be yes. With so many exploits that have happened, many of us are also affected and lose most of our money. We will try to be more vigilant this time. I think the one that have been affected the most here are long terms goers because those who do short term don't store their funds longer online. There will always be hacks that will happen but the rate of fatality is going to be reduced dramatically.

[fennic]

Of course Bitcoin bloody year is coming to end and that was very disaster because this was Bear market and also I think that in 2023 Bitcoin will go more down and I think that it might gi below 12000 dollars because this is bear market.
There are new types of Scams like Terra Luna scam that made market crash. And also still FTX Scam aor crash was much more bigger. Some reports are saying that there might be a movie Sam Bankman-Fried, showing his True life story.

[justdimin]

Of course Bitcoin bloody year is coming to end and that was very disaster because this was Bear market and also I think that in 2023 Bitcoin will go more down and I think that it might gi below 12000 dollars because this is bear market.
There are new types of Scams like Terra Luna scam that made market crash. And also still FTX Scam aor crash was much more bigger. Some reports are saying that there might be a movie Sam Bankman-Fried, showing his True life story.

Honestly I am even shocked that it took this long. I was expecting it to be ending a lot earlier than right now. It's fine though, maybe it didn't end that quickly but it is ending and that is what matters. This year as a whole from start to finish has been a whole bear run, and I have zero belief that it will continue to be like that in 2023 as well.

I am pretty sure that it's going to end up going a lot higher eventually somewhere in this year, that would make a lot more sense. I am not saying right at January, maybe it will take before summer, or even after summer but I am sure that eventually it will happen and that will make a lot more sense.

[South Park]

Well, that's the good thing about this year and it's about to end and we'll just leave all of those fiascos for this year.

But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.

Overall the lessons are just the same on how we're going to keep it.

Correct, as bad as all the scams the OP listed are, if we take the time to look for similar scams on the past we are going to find out they have been part of this market for a long time, the difference is that since the size of this market is bigger then the scams are getting bigger too, so not only scams will not disappear but they will even worse than what we are seeing now, now for the people that have been aware of those scams this is not too much of a problem as they are never going to invest their money in any scam, but for newbies which still believe they can become rich in a matter of weeks they will keep falling in them regardless of our warnings.

[Ebede]

Current price of Bitcoin in this year is very bloody which everybody knows and I believe that with the short time it will be corrected because it has happen like this in 2017 which it later increased to an extent so I believe that whatever thing cryptocurrency especially bitcoin is experiencing now it you must restore to normal order

[milewilda]

Well, that's the good thing about this year and it's about to end and we'll just leave all of those fiascos for this year.

But I doubt it that they're the last ones that we'll see, there will be for more and that is just teaching that we should be more careful where we keep our funds.

Overall the lessons are just the same on how we're going to keep it.

Correct, as bad as all the scams the OP listed are, if we take the time to look for similar scams on the past we are going to find out they have been part of this market for a long time, the difference is that since the size of this market is bigger then the scams are getting bigger too, so not only scams will not disappear but they will even worse than what we are seeing now, now for the people that have been aware of those scams this is not too much of a problem as they are never going to invest their money in any scam, but for newbies which still believe they can become rich in a matter of weeks they will keep falling in them regardless of our warnings.

Newbies on this year would become experienced and become veterans as years passing by but we know that there would be always new people who would really be jumping in into this space which it cant
really be avoided that scam and frauds would continue to exist because there are people who do lack knowledge and those scammers would really be taking advantage on that which it isnt really that
something new. Platforms or exchanges would be still having that odds or chances that being hacked or something in related issue and its not something new.
We dont even know if year 2023 would really be much even more worst on upcoming years which there's no assurance nor guarantee on what it would looks like.

[Rana590]

Current price of Bitcoin in this year is very bloody which everybody knows and I believe that with the short time it will be corrected because it has happen like this in 2017 which it later increased to an extent so I believe that whatever thing cryptocurrency especially bitcoin is experiencing now it you must restore to normal order

There is no guarantee that Bitcoin and crypto will maintain same thing again and again. Price can rise continuously and it can fall down also which can be a worst condition. But if you think about normal process then it is right that after correction, we can see good move from crypto.

[karabiber]

The stream of bad news almost never ended in 2022. Whenever the market calmed down bad news followed soon after. Yes, we are ending a year in which all these are left behind. I hope 2023 will be a year when good news comes and the bull starts to stir. However, if we look at the economic indicators in the world in 2023, the risk of recession is increasing. If the global economic recession occurs we may see bad news in 2023. I definitely don't want that to happen. In my opinion, with the spring of 2023, the global markets will recover and the money flow will return to crypto again. I hope we have an enjoyable year. We really need this.

[Baofeng]

I'm not sure if the OP has posted as reasons has something to do with bitcoin directly, it's more of hacks and scams on the altcoin side, unfortunately, since all markets are correlated, Bitcoin suffered the most. Probably this is just another bear market that we need to go through just like the rest of the previous cycle.

We might see another bad year in 2023 since we might be in the negative sentiments. So we really need to brace ourselves and learn how to take advantage of this bear market to fatten our bitcoin wallet and hold for the next eventual bull run.

[mendace]

This is not a bad thing for Bitcoin but rather a blessing.  Yes, because this only shows how stable, secure and unassailable the protocol is.  This whole mountain of shit can collapse but Bitcoin will always remain standing, and they can throw all the shit that those mass media scum wants but they will never succeed and will end up like fools.

[KennyR]

I'm not sure if the OP has posted as reasons has something to do with bitcoin directly, it's more of hacks and scams on the altcoin side, unfortunately, since all markets are correlated, Bitcoin suffered the most. Probably this is just another bear market that we need to go through just like the rest of the previous cycle.

We might see another bad year in 2023 since we might be in the negative sentiments. So we really need to brace ourselves and learn how to take advantage of this bear market to fatten our bitcoin wallet and hold for the next eventual bull run.

None is sure of the market, we had experienced the best. Market being unpredictable is the reality with cryptocurrency. The market reacting to the news relative to the cryptocurrencies is common. Similar incidents have happened in the past and now once again it have got repeated.

Though the market have come across its hard year, the network have turned more strong and more positive things have happened around. It is good we see the positive note and stay hopeful. With cryptocurrency trust is the major factor that keeps the market moving.