Who are responsible for the bear run

[Anonymous100]

snip!

What is happening with crypto especially Terra and FTX cannot be done by one person. It is likely that many parties were involved in it, it's just that the case has not been revealed. If any of them could be presented in court, of course all those involved would be exposed. But unfortunately, even the courts are difficult for us to believe in this matter. There is no open trial that can be witnessed by everyone. We are just waiting for the results of the trial conducted by them.

[Victorik]

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.

Do Kwon is still on the run in Serbia of all places, except he denies being on the run. I am guessing he chose Serbia because they don't have an extradition treaty with South Korea, but that seems pointless when he is internationally wanted by Interpol now. So it's a matter of time before he gets caught.

But while running, Do Kwon, Su Zhu (founder of 3 arrow capital) are blaming SBF and even US Federal Prosecutors are investigating SBH for his involvement in the UST crash.

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.

If my memory serves me correctly, then I am sure that the bear run was already on before the Do Kwon and SBF sagas. Though they further worsen the already bad situation, kinda adding salt to injuries.

But, i don't think the bear run where caused by these two alone, we are all part and parcel of it.

[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.

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.

Investors who don't want to understand bitcoin and don't want to learn about it will not get a bigger profit because they will be confused to determine when they can buy and sell bitcoin. If so, they should change their minds and start learning how to invest in bitcoins so they can know when to invest, to be calm, and when to sell their bitcoins. The factor that caused the bear market today is that it was triggered by several negative news that appeared simultaneously and many media that reported bitcoin would not be able to survive so, making many people who were not ready panic. This condition was exacerbated by the many influencers who said to be prepared for the conditions that will be experienced by bitcoin.

[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.

Investors who don't want to understand bitcoin and don't want to learn about it will not get a bigger profit because they will be confused to determine when they can buy and sell bitcoin. If so, they should change their minds and start learning how to invest in bitcoins so they can know when to invest, to be calm, and when to sell their bitcoins. The factor that caused the bear market today is that it was triggered by several negative news that appeared simultaneously and many media that reported bitcoin would not be able to survive so, making many people who were not ready panic. This condition was exacerbated by the many influencers who said to be prepared for the conditions that will be experienced by bitcoin.

Yes, your opinion this time has the same core as my thoughts and previous reviews.
Professional investors who have been involved in the investment world for a long time certainly have extensive knowledge, insights, strategies, experience and knowledge about crypto.
Indeed circulating Fud can affect a price of bitcoin, but you don't need to worry because a true big investor will not believe and be affected by circulating Fud. It is precisely those who have bitcoin assets with small amounts who experience panic and are consumed by Fud it is not clear.

[Jumongy]

In my opinion, I would say market downtrends (bears) are normal phenomena even in tradFi, especially the stock  market. But in Crypto, the whales are the major player in all of this. They allow their greed and selfishness to engulf them.

[Abiky]

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.

Do Kwon is still on the run in Serbia of all places, except he denies being on the run. I am guessing he chose Serbia because they don't have an extradition treaty with South Korea, but that seems pointless when he is internationally wanted by Interpol now. So it's a matter of time before he gets caught.

But while running, Do Kwon, Su Zhu (founder of 3 arrow capital) are blaming SBF and even US Federal Prosecutors are investigating SBH for his involvement in the UST crash.

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.

Let's not forget that central banks' actions (like raising interest rates) has added more fuel to the fire. A wounded global economy, has greatly depressed both crypto and stocks' market prices. How could we expect demand for crypto to increase when the economy's been going downhill at a very fast pace? Unless the Russo-Ukraine war and the COVID-19 pandemic ends, crypto won't be going anywhere soon.

I'd be a miracle if crypto market prices start to increase in the middle of a worldwide crisis. That would shift people's attention from Fiat right into crypto. And that's something mainstream governments don't want to happen anytime soon. I'm afraid it's going to be a long bear market before we see the light at the end of the tunnel. Who knows where crypto will be going in the future? Just my thoughts

[so98nn]

In general we all are responsible for the bearish trend. Who else gonna take the responsibility anyways. This is deeply connected cycle amongst everyone. Riches go crazy few times a year, they buy bulk they sell in bulk and give rise to those FOMO reactions.

This year, there were various aggregators for this reaction including the one in OP. Though bitcoin always gets up pretty quickly then also it remained dead cold this year due to one event after another kept coming pretty badly. This will definitely take lot of time to recover.

[WalkerIVIV]

In general we all are responsible for the bearish trend.

I don't agree with this statements, how could bunch of individuals with capital not more than just few thousands dollars should be responsible for current bearish that just honestly doesn't make sense, there are the charts up there that shows all the dumps where initially created from ruckus whether it's tesla and luna foundation, If any, it should be the ones that owns the company behind coins that has crashed like luna.

[JeffBrad12]

I believe it's definitely Do Kwon that's the main trigger of this bearish market, his coin crashed so bad it caused other coins to get the after effect even if indirectly related with luna that i'm sure had it not for luna many coins will still live unscathed till this days, luna is the main reason that the whole market is brought down to its lowest level.

[Sikinkato]

The crypto market has been through bear markets many times, which is an inevitable cycle in the market. It is inevitable that bear markets always follow bull markets. No single event sparked a bear market, they just exacerbated the timing of the situation.

[Tashana]

No one needs to be responsible, it’s just market behavior, whoever wants to be? Who can stand up and be responsible in what way?
It was originally a game, and the bear market will naturally turn into a bull market after a certain period of time. Everything is a law, and human beings are also the product of laws. We need to sum up experience in each transaction, gain experience points in this game, and then upgrade to become more powerful of players.

[Yaunfitda]

In general it's the whole market itself,

a. investors started to sell to get their profits in the bull run
b. speculators created FUD to pull the price
c. there are black swan events that will trigger more sell off
d. world events, like the war and other geo-political war

So we can't really control what's going to happen in this bear market, and all we can is face that fact and be ready for it.

[Apocollapse]

What's the conclusion if you've know which one is responsible for the bear market, does you will kill them or put them on jail? you wouldn't and just continue your life. Every year there's will be a new case whether it will support the market or opposite, after all everyone need to accept it and this will depends on each holders does they will sell their coins or they will continue to hold the coins? For people who're already experienced, they will hold their Bitcoin and keep accumulating until the price surge.

[Abiky]

In general we all are responsible for the bearish trend. Who else gonna take the responsibility anyways. This is deeply connected cycle amongst everyone. Riches go crazy few times a year, they buy bulk they sell in bulk and give rise to those FOMO reactions.

This year, there were various aggregators for this reaction including the one in OP. Though bitcoin always gets up pretty quickly then also it remained dead cold this year due to one event after another kept coming pretty badly. This will definitely take lot of time to recover.

Indeed. It's going to take quite a long time before everything goes back to normal. I'd take advantage of this opportunity to grow my stack of coins as much as possible. Once the bull market makes a comeback, prices will never be this cheap ever again. History has shown us that unfortunate events damaged crypto's reputation for a short period of time. But people eventually forget about the negative stuff, putting crypto in the spotlight again.

Just wait until central banks stop raising interest rates (especially The FED), for prices to go all the way to the moon. Who knows if we'll become the ones laughing at the end? Just my thoughts

[Valeriary]

I think this is normal. If you sell your house or car, there may be some events that suddenly enter the off-season or peak season. There will also be an investment market. We should pay more attention to market conditions. Now it's just to see who can persist in this big environment. When they persist until spring comes, they will all be rewarded accordingly. Maybe in two years, people in this time period will become billionaires. And one person complained why he didn't keep his original intention and left the stage directly.

[Natalim]

In general we all are responsible for the bearish trend. Who else gonna take the responsibility anyways. This is deeply connected cycle amongst everyone. Riches go crazy few times a year, they buy bulk they sell in bulk and give rise to those FOMO reactions.

Because we are too crazy to believe that crypto will make us rich. But when the correction has come, we then started to blame others which in fact, we are also a contributor to the continuous price drop. It is somehow we don't see because we make ourselves right despite the fact that we are wrong. FUDs, FOMO, manipulations - these are nothing if we are focused on our doings but unfortunately, we got affected because we are too emotional.

[Marcorey]

A bear market is normal behavior in the crypto market, and it's not anyone's fault. The downward trend of the market in a bear market is also a normal phenomenon, and it is impossible to really predict and control what will happen. We should learn from these failures and control greed to avoid unnecessary losses.

[o48o]

If my memory serves me correctly, then I am sure that the bear run was already on before the Do Kwon and SBF sagas. Though they further worsen the already bad situation, kinda adding salt to injuries.

But, i don't think the bear run where caused by these two alone, we are all part and parcel of it.

It doesn't require memory, you can just take a look at the chart you quoted.

A bear market is normal behavior in the crypto market, and it's not anyone's fault. The downward trend of the market in a bear market is also a normal phenomenon, and it is impossible to really predict and control what will happen. We should learn from these failures and control greed to avoid unnecessary losses.

Of course cycles are normal, but they always have trigger points to launch them.
And this wasn't about prediction, this is the aftermath and fundamentals, not technical analysis; which ironically is be basis for the claim that bear market is normal like you said and possible to predict.