Crypto (btc) is not for the weak

[Jating]

I don't think this investors feared crypto's bear market for this year,  I mean majority of them have been here since the 2018-2020 crash so this is not new to them. And I do agree that there is no correlation between Bitcoin and the presentation laid out by the OP, so it's sort of misleading. The events listed is due to the bear market itself that we always suffered because this is how the market operates, so it's cyclical for them, and as the saying goes, sometimes to win, sometimes you lose. So they will take this lose maybe till next year, but then after that, in the next bull run, this individuals will then make a lot of, sort of rebounding from what they are going to right now.

[1715621236]

1715621236

[1715621236]

1715621236

[1715621236]

1715621236

[1715621236]

1715621236

[1715621236]

1715621236

[1715621236]

1715621236

[Wildwest]

In investing we must be prepared to face any situation like what is happening today we must stay afloat even though the investment we are living in is experiencing a decline and loss, and for those who have known the crypto world for a long time I think the situation as it is today they can still survive and never panic because they know that big surprises are waiting for the future, and only new investors who are currently experiencing panic when they see the market continue to decline,never sell our assets in a period of loss even though it lasts very painfully but all will feel relieved when bitcoin and altcoins will reach a new ATH.

[Kryptowerk]

It's always easy to make money in crypto during a bull run. The same holds true in reverse, very easy to lose (fiat) money during a recession / bear market.
If you zoom out a little bit and broaden your perspective this ist just normal fluctuation.  Nothing much has changed from previous cycles, except the exposure to larger investment firms has increased significantly. This ofc also reflects in bigger losses during the bear-market right now.

The graphic in OP just reflects a "normal" bear market - but it mixes up two things: normal loss in capital due the loss of value of Bitcoin and other crypto assets  - vs. - bankruptcy of exchanges and crypto projects due to scam and misappropriation of user funds.

[BALIK]

Bitcoin or any other market, I have never seen the weak win. Even if this is not bitcoin but the stock market, the weak who have no knowledge, or experience and just want to get rich quickly will soon be defeated by the market and the stronger.

In our life too, the weak will often never get what the strong have. So no matter what market we are in, we need to be strong, and to be strong, we need to learn and work hard. Once determined, never give up even though it hurts, fall, always get up and keep moving forward.

[fennic]

There could be a reason behind this cause Bitcoin is a things where there all time high and also all time lows will be for a small time frame and we also do not know that what will happen in future.
And also for those who have such large portfolio they exit at some points and also sale higher prices to get their profits. So that they might run their profits too. SBF also lost its own wealth by also scammed many other people who have such higher or lower portfolio. So that's why we should be a high Heart people not just a small hear people.

[boyptc]

Even if we're truly encouraging everyone to survive this bear and volatile market, still, you can't please everybody with your encouragement.

There will be investors that can't make it because they're having hard time on making their decisions to make. Looking at the market, it's favorable to them specially if it's too low on them.

They might have bought at the top and just lost their enthusiasm towards the market because it's too low already.

[aoluain]

There will always be those who need proof of Bitcoins growth, that proof is most visible
in the market price. Those people are not going to buy now but rather when the price
heads towards the ATH, it's visible then and the thinking of "it's going to keep going up"

Education in Bitcoin is essential really, not just in the technicalities of how it works but
also in the market movements and the effects it can have on the mentality of the "weak"
and "uneducated".

[Victorik]

It is not just cryptocurrency, any form of investment is risky and not for the weak.

Yeah, Every investments have its own risk, and it is quite a pity that so many person lost their money in the past year, but that's part of life. I hope 2023 will bring us better fortune.

[n0ne]

It is not just cryptocurrency, any form of investment is risky and not for the weak.

Yeah, Every investments have its own risk, and it is quite a pity that so many person lost their money in the past year, but that's part of life. I hope 2023 will bring us better fortune.

Investment is subject to risk and things vary between time according to the market. Every investment have got its peak and bottom. In all means I see XRP as the best, because the valuation have dropped to a small margin. This shows how precise the market is being manipulated.

All that is being mentioned weren't the losses, they are the decline in the valuation of the holdings. This will change when the market turn bullish. So, these are not losses.

[Casdinyard]

There is no room for weak-hearted people in the crypto industry. I've seen people here suffer a complete liquidation of funds during the worst seasons of the market  and are still able to recover most of their funds and their sanity as well lol. But all of this didn't happen just because, they took sleepless nights studying the market, everything about crypto, and whatnot to get rhe most out of the profit potential in this venture. So in reality,  not only does this venture require you to have balls of steel, but it also asks you to have the perseverance and patience to learn new things to be rewarded handsomely.

[uneng]

Well, it's normal these investors are losing money since the beginning of 2022, as we are living a bearish market. Actually everyone here is losing money. All they have to do is to keep holding until the next bullish season. It shouldn't be that hard, especially for wealthy investors who have many other side sources of income and probably don't rely solely in cryptocurrencies for a living. However, it's important to notice at least few individuals on that list had their net worth reduced to zero because they are scammers who stole money from investors, and not exactly because they are "weak hands", so naturally they hid their remaining funds somewhere else or in the name of lackeys.

[GreatArkansas]

This is the best example for those people who are weak-handed or they are the ones who are more worried or complaining more about Bitcoin which some part is they don't understand how Bitcoin works compared to these billionaires/millionaires.
This is also the best example that I can hodl for the long term, there are a lot of big players that invested heavily in Bitcoin.

[KennyR]

This is the best example for those people who are weak-handed or they are the ones who are more worried or complaining more about Bitcoin which some part is they don't understand how Bitcoin works compared to these billionaires/millionaires.
This is also the best example that I can hodl for the long term, there are a lot of big players that invested heavily in Bitcoin.

This serves to be a learning, the difference is big. People who always want the market to be on the rise and stay bullish can now understand the reality of the market.

We used to hear, whales make use of opportunity and keeps accumulating as much possible. These billionaires turned millionaires for some time period will continue to invest amidst the bearish trend. The common people doesn't do it fearing the loss experienced earlier.

[serjent05]

Crypto is not Bitcoin and Bitcoin is one of cryptocurrency. The title is not correct and I think a correct one is Crypto is not for the weak or Bitcoin and crypto are not for the weak.

If you use Crypto (btc), you imply Bitcoin is like altcoins. Fiascos in 2022 started with Terra, FTX and they are altcoins.

Your mindset is somehow refutable.  Besides the list is a mixture of Bitcoin and other altcoins calculated into net worth. Another thing see the title, Crypto open and close parenthesis BTC which means the title specifically mentioned BTC among the cryptocurrencies, so what is incorrect with the title?


It is indeed establish the cryptocurrency is not for the weak because it is obvious that weak hounds are destroyed during the BTC collapse, weak hands are the first people to suffer losses because they panic sell when the price crash, unlike those who hodl strongly and only sell when they have seen good profit.  Altcoins in another hand need more stronger hands because the altcoin market is where lots of scams and fraud exist.

[knowngunman]

Crypto is not Bitcoin and Bitcoin is one of cryptocurrency. The title is not correct and I think a correct one is Crypto is not for the weak or Bitcoin and crypto are not for the weak.

If you use Crypto (btc), you imply Bitcoin is like altcoins. Fiascos in 2022 started with Terra, FTX and they are altcoins.

Your mindset is somehow refutable.  Besides the list is a mixture of Bitcoin and other altcoins calculated into net worth. Another thing see the title, Crypto open and close parenthesis BTC which means the title specifically mentioned BTC among the cryptocurrencies, so what is incorrect with the title?

I deliberately overlooked that response. Some people are naturally created to find fault in everything claiming they know all. They are reluctant to reading for understanding but they rather read to respond. Thank you for schooling him a bit.

[JoyMarsha]

~snip~
One thing I'm certain of is that as long as Bitcoin is in existence, all hope is not lost.

Correct. As a bitcoin investor, if you have this kind of core conviction in bitcoin, you won't be affected by anything you learn or hear about bitcoin and its price. Instead, you'll find ways to continue accumulating more bitcoin while fearful bitcoin investors will murmur and sell their bitcoin holdings.

Let us be strong in order to win this battle together.

For those who have the required patience, it is a victory assured.

[ololajulo]

I don't understand how the valuation of individuals associated with cryptocurrencies on the list is determined. The criteria used to collect this data are unreliable and inadequate. Moreover, the inclusion of Binance on the list is troubling, as it has faced allegations of being involved in the FTX scam and has been embroiled in legal battles over its wealth affiliations in America. Additionally, there have been instances where a significant amount of the BUSD stablecoin disappeared in a short period of time, and substantial funds were utilized to safeguard the coin in the market during that week.

[BVeyron]

Crypto currency as a whole despite its advantages can be very risky. It appear to me as a battlefield where only the strong can survive and weak ones will eventually give up. I came across this and it worth sharing not to scared us but to build hope in us that we are not alone on this.
It was reported that about 17 wealthiest investors and founders lost about $116 billion in less than a year.

As a result, 17 of crypto’s wealthiest investors and founders have collectively lost an estimated $116 billion in personal wealth since March, according to Forbes’ estimates. Fifteen of them have lost more than half their fortune over the past nine months. Ten have lost their billionaire status altogether.

Read full details here $116 billion in lost crypto wealth
It's obvious that those who have no trust and hope in crypto have started giving hope and some of them are even selling despite the bad condition of market and end up losing. One thing I'm certain of is that as long as Bitcoin is in existence, all hope is not lost. Let us be strong in order to win this battle together.

Investments in crypto are actually risky, especially if altcoins are involved. As for stablecoins, I suppose that risk is minimized: while fluctuations towards BTC becoming less valuable are possible, the overall price is most probably not going to drop heavily... Though, problems with cryptocurrencies can occur from the different aspect: especially troubles with the systems which allow to pay with them and to convert them to fiat... So, crypto is surely not for the weak!

[Oilacris]

Crypto currency as a whole despite its advantages can be very risky. It appear to me as a battlefield where only the strong can survive and weak ones will eventually give up. I came across this and it worth sharing not to scared us but to build hope in us that we are not alone on this.
It was reported that about 17 wealthiest investors and founders lost about $116 billion in less than a year.

As a result, 17 of crypto’s wealthiest investors and founders have collectively lost an estimated $116 billion in personal wealth since March, according to Forbes’ estimates. Fifteen of them have lost more than half their fortune over the past nine months. Ten have lost their billionaire status altogether.

Read full details here $116 billion in lost crypto wealth
It's obvious that those who have no trust and hope in crypto have started giving hope and some of them are even selling despite the bad condition of market and end up losing. One thing I'm certain of is that as long as Bitcoin is in existence, all hope is not lost. Let us be strong in order to win this battle together.

Better not to look those images because it would really be understandable that they wouldnt really be that affected much. We know that they arent just possessing crypto coins or holdings which means that if ever the price would really be going down to the floor then they cant really be having that suicidal thoughts just because they had lost that much considering that they do have other various sources of income which means that it should really be just that fine.Also we should be thinking up that as long you dont cut loss then it would be always considered to be a paper loss or simply you didnt loss at all.

We know that market does have its cycle which it would be normal that there would really be some switching because we cant just be going down forever. As an investor even on smaller scale, then you should really that make yourself that pretty aware about the risks.Prices are way too volatile and potential ups and downs is just part of the cycle and of course with the demand.
Bitcoins or crypto investment isnt indeed for the week or someone who is really that emotionally that impulsive.

[lionheart78]

In a Bitcoin market, the only lost a person can suffer is when they sell their BTC.   As long as BTC is not sold, there is no single loss to be recorded.  The only loss is on the paper where the appeared valuation of our holdings are below our capital.  It can be countered by holding and waiting for the market to recover and surge.

It is quite hard for people who don't have enough source of funds for their living thus making them sell their holdings even at a lost when they encountered a tight situation.   But for those who have lots of money and patience, crypto specfically Bitcoin should be an easy venture for them since all they need to do is hold and wait.

Investments in crypto are actually risky, especially if altcoins are involved. As for stablecoins, I suppose that risk is minimized: while fluctuations towards BTC becoming less valuable are possible, the overall price is most probably not going to drop heavily... Though, problems with cryptocurrencies can occur from the different aspect: especially troubles with the systems which allow to pay with them and to convert them to fiat... So, crypto is surely not for the weak!

Every investment is risky but can manage by risk management and stablecoins is not exempted.  Ever heard of the stablecoin UST?  Lots of its holders suffered huge losses when it depeg from the dollar and eventually crash.  Do not be comfortable because you invested in stablecoins beside, why do you have to invest in an asset that almost has no fluctuation at all? Actually I think it is foolish to invest in an asset that almost doesn't give profit at all.