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Author Topic: Its safe to say Bitcoin has recovered all it's losses since the FTX collapse?  (Read 260 times)
Dr.Bitcoin_Strange
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January 25, 2023, 11:31:46 PM
 #41

I never expected the fast recovery that's why I said the world is finally understanding why Bitcoin is a necessity in every one's life, am I saying too much? Or you think I am right?

Those days, my friend would ask me to invest in some altcoins, and he would be like, "Guy, invest in this token, because in the crypto market nothing is impossible; you could wake up tomorrow and see that your $200 has turned into $2,000." lol, but yea, those words really did move me then. I doubt a lot unless I have a concrete reason proven to be true. If I must say, I got convinced that in the crypto market, nothing is really impossible. FTX fall, Ukraine war, stock market turmoil, and Fud all could contribute to making the Bitcoin price plummet, but at the same time, Bitcoin and investors only need a lil good news for the price to skyrocket 🚀again. 2020 for the COVID pandemic, but in 2021, Bitcoin saw a new all-time high just within a month (November). OP, you can't be surprised 😜 at the quick recovery; a lot of people have been into bitcoin for a long time, and new investors are equally emerging every day. I was in the bank today, and the TV on the wall was showing a news station called "Channel," and at that time, the program going on was an economics news where the Bitcoin price was analysed and the percentage increase within this month is about 30%. lot of people go to the bank and with that, people can still develope more interest for Bitcoin. "Bitcoin is freedom," according to Michael Saylor.


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January 26, 2023, 04:42:10 PM
 #42

It seems that people are now getting used to Bitcoin market behaviour, now people are understanding that Bitcoin cycle is 4 years. Imagine if the FTX collapse happen in 2017, I believe the impact will be more drastical compare to today, now I can boldly say that Bitcoin has now recovered all it's losses since the FTX collapsed, is this safe to say?

I never expected the fast recovery that's why I said the world is finally understanding why Bitcoin is a necessity in every one's life, am I saying too much? Or you think I am right?

Bitcoin has recovered a bit, but there's still a long road ahead before things go back to normal. After all, we're yet to see the negative effects of the FTX collapse. A crypto company called Genesis has filed for bankruptcy, but I think many other companies will do the same as they were tied to FTX. This last one was the second-largest crypto exchange after Binance with investments here and there.

Maybe 2024 will be a bright year for Bitcoin? Many are hoping it will be that way because of the block reward halving. We should take advantage of "cheap" market prices before everything goes back up again. No one can predict the future so we can only hope for the best. Just my thoughts Grin

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January 26, 2023, 08:50:02 PM
 #43

It seems that people are now getting used to Bitcoin market behaviour, now people are understanding that Bitcoin cycle is 4 years. Imagine if the FTX collapse happen in 2017, I believe the impact will be more drastical compare to today, now I can boldly say that Bitcoin has now recovered all it's losses since the FTX collapsed, is this safe to say?

I never expected the fast recovery that's why I said the world is finally understanding why Bitcoin is a necessity in every one's life, am I saying too much? Or you think I am right?
It did, and that's not a shocker because anyone who has been in the crypto world would tell you that bitcoin always recovers. Don't know when it will be but I guarantee you that it will go above ATH as well, it will be something strong. I believe that the future of bitcoin is expected to be 100k+ and that will be a good day when it happens, people will have to look at it like a currency and a force to reckon with for sure, there is no way around it.

I mean some of us do already but the whole world will know about it this way. At the end of the day we are going to end up with some issues in the long run, but we will overcome them and keep going higher and higher for decades.
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January 26, 2023, 08:59:47 PM
 #44

It seems that people are now getting used to Bitcoin market behaviour, now people are understanding that Bitcoin cycle is 4 years. Imagine if the FTX collapse happen in 2017, I believe the impact will be more drastical compare to today, now I can boldly say that Bitcoin has now recovered all it's losses since the FTX collapsed, is this safe to say?

I never expected the fast recovery that's why I said the world is finally understanding why Bitcoin is a necessity in every one's life, am I saying too much? Or you think I am right?
I can’t tell that it has recovered well enough. But let’s just say that people have learned their lesson out from FTX collapse and that is to trust only bitcoin and just grab the chance to accumulate bitcoin while the price is still cheap and affordable. Instead of expecting a price surge these days, people have just settled thinking that bitcoin will just increase in the perfect time, and thus current position of bitcoin will always give opportunities to those who want to accumulate more bitcoin.
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