Who are responsible for the bear run

[Miaallen]

Whether there are crashes of giant crypto project or not, there was going to be a bear market and we were already heading dip into it before the LUNA crash that fuelled it to go dipper than anyone expected. FTX also contributed to the elongated bear run as it cut short the market recovery the crypto was starting to embark on.

In short, the ongoing bear market is biting so hard because of the LUNA crash and the FTX fall. We're looking for a bull run which will precede the coming Bitcoin halving.

[trendcoin]

With fundamental analysis, we try to explain the relationship between price movements and market events, but sometimes things are more complicated than they seem. In these complex situations it can be difficult for fundamental analysis to provide the best solutions... I have always preferred to use technical analysis. Technical analysis, while not a purely mathematical method, helps to provide a clearer analysis of complex events. In fact, I call it almost mathematical, and therefore I am not very interested in the magazine events that happen in the market.

[serjent05]

Now i would like to very much like to blame Kwon for UST as he was warned several times about issues with it but he was just too arrogant and annoying to take the threat seriously.  But if SBF had anything to do with this, then not only is he blamed for FTX crash and bear run after that, but he just might be the man behind the WHOLE current crypto downfall.

I believe the bear market is already present when Terra Luna collapsed.  A bear market is supposed to happen whether Terra Luna, FTX, or any other bankrupted company does not appear.  It is part of the cycle and is bound to happen.  So I do not think that we have to blame these people for the bear market, instead, we can blame them for the losses of thousands to millions of investors when their company shut down.

[uneng]

The situation was already bad before LUNA scam, due to FED increasing interest rates for investors in USA. On that moment I believe we entered the bearish market, with tons of money flying away from crypto environment. That was the initial cause, I think. Add it to crypto entrepreneurs dealing in a shady way and using customers' funds wrongly and then we have a completely messed bearish season.

Anyway, it was just a matter of time until LUNA, FTX, Celsius, Voyager and every other minor scams collapsed. If it didn't happen now, it would happen next year or so.

[ethereumhunter]

All that causes this problem to arise is that they are greedy to have more wealth but don't have a mature plan, so this doesn't work out as expected. And after this happened, many people panicked and wanted to save themselves from the crash before it happened, which also triggered the market to go down.

Everything has already happened and it seems we do not have to blame anyone now and just wait for things to get back to normal again. People nowadays should be very careful to invest in any project and not be easily lured by offers to make future profits.

[LogitechMouse]

Investors and the project owners.

This year, we didn't see any good thing about the market. All we saw is a bunch of negative events that affected the market thus, the bear market happened. LUNA crash, Axie Infinity scam, lots of hacks, the recent FTX drama etc. If there are some good things that happened in the crypto market, it isn't enough to cover up the negative things that happened.

The sentiment of the investors towards the negative things that happened in the crypto space is one of the main factors as to why we are in the bear market that's why investors are also the ones who are responsible for this bear market.

[rhomelmabini]

I think it all started from Terra Luna first.

We can blame it all to LUNA but it's still around the whole market as well and to be honest something will happen anyways since it will not forever go up. People are anxious that they tried to take profit, breakeven or sold at lost, crypto market isn't just that confident in the long term if it's in bull run, it can only happen a short period.

[Xal0lex]

To be honest FTX happened when bitcoin was already at 18-19k levels, got up to 20-21k when people heard Binance may take over, and then crashed to 16k levels when that failed, but the price was at around 18k or so before that. Right now we are above 17k, which means we haven't fallen even 10% since that day, barely 5% to be fair, probably less.

This is a huge proof that, we dropped from 68k to this price, hence FTX can't be responsible for anything at all, all these other names, other companies, or ftx, nobody is responsible for it. Bear run started last year and whatever caused it was the reason and since then we are still feeling the waves of it, that's it.

I agree, the price drop started last year. The events that influenced the bitcoin price drop were not the cause of the bear market, they were the consequence. That is not to say that if Terra or FTX had not collapsed, there would not have been a bear market. There would have been, but probably not as strong or the fall would not have been so big. A bear market, if you look at the fundamental analysis, would have happened in any case, because the economy around the world is experiencing bad times.

[goaldigger]

I think it all started from Terra Luna first.

We can blame it all to LUNA but it's still around the whole market as well and to be honest something will happen anyways since it will not forever go up. People are anxious that they tried to take profit, breakeven or sold at lost, crypto market isn't just that confident in the long term if it's in bull run, it can only happen a short period.

The bear started when the price was not able to break the resistance and hit the peak, it became worst though because of negative news and yeah mishandling of many big projects. LUNA might be the start of the worst followed by the FTX, we have no more choice now but to deal with it and take necessary action which is to buy more. This bear seems to stay longer, which is a good opportunity to accumulate so don't forget to grab some.

[klidex]

All that causes this problem to arise is that they are greedy to have more wealth but don't have a mature plan, so this doesn't work out as expected. And after this happened, many people panicked and wanted to save themselves from the crash before it happened, which also triggered the market to go down.

Everything has already happened and it seems we do not have to blame anyone now and just wait for things to get back to normal again. People nowadays should be very careful to invest in any project and not be easily lured by offers to make future profits.

But actually what causes a bear market is not those who are greedy for big profits or wealth.
We can see the market conditions far from a few years ago that indeed a bear market is bound to happen and it's not the fault of the investors who panicked and then withdrew all their money.
Everyone clearly has a fear of losing a sizable amount of money and I'm sure that you yourself are the same if the assets you hold experience a price collapse and you yourself invest in these assets with large amounts, you will definitely sell them as a whole to avoid losses and patterns I think every human being is different.

[Taskford]

I think it all started from Terra Luna first.

We can blame it all to LUNA but it's still around the whole market as well and to be honest something will happen anyways since it will not forever go up. People are anxious that they tried to take profit, breakeven or sold at lost, crypto market isn't just that confident in the long term if it's in bull run, it can only happen a short period.

The bear started when the price was not able to break the resistance and hit the peak, it became worst though because of negative news and yeah mishandling of many big projects. LUNA might be the start of the worst followed by the FTX, we have no more choice now but to deal with it and take necessary action which is to buy more. This bear seems to stay longer, which is a good opportunity to accumulate so don't forget to grab some.

News create fear to the people that's why those investors who get afraid and rush to sell their assets when FTX scandal occurs. But eventhough that happen still this is good to us since we need to look at the brighter side since at the moment we can buy cheap crypto which we cannot do thay before due to price soaring high and chances to lose is big since the dump might come just like what we experience on 4th quarter of the year 2022.

[ethereumhunter]

All that causes this problem to arise is that they are greedy to have more wealth but don't have a mature plan, so this doesn't work out as expected. And after this happened, many people panicked and wanted to save themselves from the crash before it happened, which also triggered the market to go down.

Everything has already happened and it seems we do not have to blame anyone now and just wait for things to get back to normal again. People nowadays should be very careful to invest in any project and not be easily lured by offers to make future profits.

But actually what causes a bear market is not those who are greedy for big profits or wealth.
We can see the market conditions far from a few years ago that indeed a bear market is bound to happen and it's not the fault of the investors who panicked and then withdrew all their money.
Everyone clearly has a fear of losing a sizable amount of money and I'm sure that you yourself are the same if the assets you hold experience a price collapse and you yourself invest in these assets with large amounts, you will definitely sell them as a whole to avoid losses and patterns I think every human being is different.

If the investment was bitcoins, I wouldn't panic because I would be happy because the time to buy bitcoins had come and those were the big discounts I had to take advantage of. But many people are not ready for the coming bear market because they think they haven't made any profits before so they sell quickly before the price collapses. But if they can think for a long time that what they are doing is not always good for them, they will try to find other solutions. And when market conditions have changed, this has lured many investors to the crypto market. But they do not search for the right information so they buy many assets that can disappear after a bull market.

[klidex]

All that causes this problem to arise is that they are greedy to have more wealth but don't have a mature plan, so this doesn't work out as expected. And after this happened, many people panicked and wanted to save themselves from the crash before it happened, which also triggered the market to go down.

Everything has already happened and it seems we do not have to blame anyone now and just wait for things to get back to normal again. People nowadays should be very careful to invest in any project and not be easily lured by offers to make future profits.

But actually what causes a bear market is not those who are greedy for big profits or wealth.
We can see the market conditions far from a few years ago that indeed a bear market is bound to happen and it's not the fault of the investors who panicked and then withdrew all their money.
Everyone clearly has a fear of losing a sizable amount of money and I'm sure that you yourself are the same if the assets you hold experience a price collapse and you yourself invest in these assets with large amounts, you will definitely sell them as a whole to avoid losses and patterns I think every human being is different.

If the investment was bitcoins, I wouldn't panic because I would be happy because the time to buy bitcoins had come and those were the big discounts I had to take advantage of. But many people are not ready for the coming bear market because they think they haven't made any profits before so they sell quickly before the price collapses. But if they can think for a long time that what they are doing is not always good for them, they will try to find other solutions. And when market conditions have changed, this has lured many investors to the crypto market. But they do not search for the right information so they buy many assets that can disappear after a bull market.

Yes, of course, if an investor has an understanding and understands about Bitcoin, he must do the same thing as what you said.
However, there are not a few investors who don't really understand Bitcoin and don't want to learn about it first.
They only act according to their hearts and minds without a basic understanding of cryptocurrencies. Moreover, those who invest following other people's advice are sure to lose in the future.
However, we cannot simply say that the collapse of crypto prices is entirely the fault of investors who do not have the knowledge to invest in crypto, because there are actually many factors that cause bear markets like what is happening right now.

[RealMalatesta]

Now i would like to very much like to blame Kwon for UST as he was warned several times about issues with it but he was just too arrogant and annoying to take the threat seriously.  But if SBF had anything to do with this, then not only is he blamed for FTX crash and bear run after that, but he just might be the man behind the WHOLE current crypto downfall.

The whole downfall is due to one or two reasons then I am super happy. If you notice that market had recovered significantly after the announcement of tesla about discontinuation of BTC payment. It means crypto market had beaten the influence of negativity triggered by Tesla. But, all other negative news came in bearish year which is the reason market is still struggling to neutralize those influencing power. But, I am very much sure about bouncing back by beating all these negative news in next few months but for a new ATH we may need to wait for more than 24 months probably.

[Minecache]

To be honest FTX happened when bitcoin was already at 18-19k levels, got up to 20-21k when people heard Binance may take over, and then crashed to 16k levels when that failed, but the price was at around 18k or so before that. Right now we are above 17k, which means we haven't fallen even 10% since that day, barely 5% to be fair, probably less.

This is a huge proof that, we dropped from 68k to this price, hence FTX can't be responsible for anything at all, all these other names, other companies, or ftx, nobody is responsible for it. Bear run started last year and whatever caused it was the reason and since then we are still feeling the waves of it, that's it.

It makes no sense to try to conclude who is responsible for bitcoin's drop, because without Luna or the crash of FTX, there would be other names. Don't forget that, after every bull cycle and hit ATH, bitcoin drops in price and crypto winter come, it's been proven in the past and this year was no exception. Instead of finding out who the culprit is, look at it and learn for the future, the market will repeat this. After a bull season comes a down season, and in a down season, there's always a reason to make the market worse.

[abel1337]

To be honest FTX happened when bitcoin was already at 18-19k levels, got up to 20-21k when people heard Binance may take over, and then crashed to 16k levels when that failed, but the price was at around 18k or so before that. Right now we are above 17k, which means we haven't fallen even 10% since that day, barely 5% to be fair, probably less.

This is a huge proof that, we dropped from 68k to this price, hence FTX can't be responsible for anything at all, all these other names, other companies, or ftx, nobody is responsible for it. Bear run started last year and whatever caused it was the reason and since then we are still feeling the waves of it, that's it.

It makes no sense to try to conclude who is responsible for bitcoin's drop, because without Luna or the crash of FTX, there would be other names. Don't forget that, after every bull cycle and hit ATH, bitcoin drops in price and crypto winter come, it's been proven in the past and this year was no exception. Instead of finding out who the culprit is, look at it and learn for the future, the market will repeat this. After a bull season comes a down season, and in a down season, there's always a reason to make the market worse.

There's always be a bad news that will trigger the bear market. It's just that the break down of LUNA was the main catalyst of this bear market. I remember before that crypto bans where the one contributed on the past bear market. Today we have seen companies that holds many bitcoin are being bankrupt, hacked and exploited. I believe that it is the trigger of the recent bear market. Though I personally expect something bad will happen after a long bull market, I somehow expect that it would be a devastative crash.

[BobK71]

Crypto market was bullish since 2019 to 2021 but no one was complaining about crypto at that moment. But later when it started getting bearish, complaints started coming in slowly. But the current state of crypto would not have lasted long if not for Luna or FTX scams. But whatever position the market is in, it will recover again. Those who scam cryptocurrency, especially those who commit crimes like Do Kwon and Sam Bankman-Fried, will be punished. But crypto won't die. It will energizer after bearish. There is an expectation among crypto investors that crypto will turn again this year. No one will be able to keep it bearish as it cannot be raised artificially. Those who are large investors already trying to buy according to their ability.

[Jackl87]

When people say that FTX was the worst thing that happened to crypto in the long time, maybe we should back up and get some perspective on that. Things were already messed up. As in comparison, total crypto marketcap was thriving during covid and recovered almost instantly to ATH after tesla dumped their crypto. But LUNA was the thing that broke everything. FTX was nothing compared to that.

Well i kinda agree. I also think that the whole events around Terra (Luna) also where a major incident within the crypto space, because it was also a major company which was also in the top 10 in terms of marketcap if i remember correctly that fell apart very fast. Now with the happenings around FTX people often forget about that because the FTX events are just more recent. I don't think though that the Terra incident had bigger impacts on the crypto world than the bankruptcy of FTX. Yes, the prices went down even more in terms of percentages when UST lost it's peg but the main reason for that is that the prices were higher back then obviously. So those two events are hard to compare in my opinion.

[Silberman]

Crypto market was bullish since 2019 to 2021 but no one was complaining about crypto at that moment. But later when it started getting bearish, complaints started coming in slowly. But the current state of crypto would not have lasted long if not for Luna or FTX scams. But whatever position the market is in, it will recover again. Those who scam cryptocurrency, especially those who commit crimes like Do Kwon and Sam Bankman-Fried, will be punished. But crypto won't die. It will energizer after bearish. There is an expectation among crypto investors that crypto will turn again this year. No one will be able to keep it bearish as it cannot be raised artificially. Those who are large investors already trying to buy according to their ability.

It is also important to remember that a bear market is not only represented by a drop on the overall price of all the assets of one specific market, it also comes with bankruptcies and all kind of scandals as well, so while in this bull market there has been nothing bigger than the crash of Luna and FTX, once a new bull market comes and goes and we are once again in a bear market the name of the projects disappearing will change and it could be BNB and BUSD or XRP and USDT, but you can be sure that some major projects will disappear at the time as well.

[darewaller]

When people say that FTX was the worst thing that happened to crypto in the long time, maybe we should back up and get some perspective on that. Things were already messed up. As in comparison, total crypto marketcap was thriving during covid and recovered almost instantly to ATH after tesla dumped their crypto. But LUNA was the thing that broke everything. FTX was nothing compared to that.

Well i kinda agree. I also think that the whole events around Terra (Luna) also where a major incident within the crypto space, because it was also a major company which was also in the top 10 in terms of marketcap if i remember correctly that fell apart very fast. Now with the happenings around FTX people often forget about that because the FTX events are just more recent. I don't think though that the Terra incident had bigger impacts on the crypto world than the bankruptcy of FTX. Yes, the prices went down even more in terms of percentages when UST lost it's peg but the main reason for that is that the prices were higher back then obviously. So those two events are hard to compare in my opinion.

Before FTX, Others and Luna, the market is already in bear and I think a bear occurs naturally. There are no major reasons on why it happened although there are some things which can amplify it such as when weak people panics and sell after seeing the price crashing hard. Another thing would be the negative news or negative events and the fall of UST is the first one in this list, then followed by luna coin. Other big crypto companies like Three arrows capital are then following the trend.

The last to finish the list would be the collapse of FTX exchange. We shouldn't underestimate this one because the amount involved here are billions. All of these are going to be remembered forever due the amount of damage that they have caused.