Quote from: Jating on October 07, 2022, 09:26:45 PM

Quote from: Untomabur on October 07, 2022, 05:28:28 PM

when compared to last year, indeed cryptocurrencies in 2022 are very rarely about good news,
and make like quiet and more bad news, the latest is bad news about BNBCHAIN being hacked,
of course this will make cryptocurrencies highlighted badly again.

It's because last year, we are still in the bull run, hitting all time high. but after that, it's all down hill to us which is understandable, because our run can't be parabolic. But we should be aware and acknowledge what kind of cycle that we are so that we can prepare our selves and what strategy we should do. As far as the hacks, what I know is that the funds are safe as per CZ, so they are what we call SAFU. Although it had some affect to the price, it's not that big though. Maybe next week we will bounce to $20k again.

What happens is that even if we know we are at a difficult part of the bitcoin cycle the overall state of the economy is not helping at all, we are living through one of the most unstable times in recent memory and if anything things are about to get much worse during the next months, so I think it is possible that even if we were expecting a recovery during the next halving we could even see a delay on the appearance of the next bull market as people will still be suffering from the aftereffects of the current crisis.