Quote from: Blowon on November 16, 2022, 06:11:53 PM

Quote from: abel1337 on November 16, 2022, 06:00:08 PM

Quote from: o48o on November 16, 2022, 05:49:33 PM

Quote from: shinratensei_ on November 16, 2022, 05:25:25 PM

Despite so many good news that have come to the crypto but none of these news were creating the hype. The bad news were still dominating the crypto market. I think that the latest news came from the genesis has been ruining the crypto market again, lending platform keeps halting user's money. This may make people starting to distrust the crypto market. I thought that if the trust will not come easily to the crypto market again. The bad news has been dominating everything.
Bitcoin is not so strong to handle it. It's not easy to attract the billions dollars that have been going away from the cryptocurrency.

But that's what happens in a bear market. Things take time to turn around and to get people trusting markets again isn't one week job. It could take a year and many people will quit at the bottom. This is something we have seen many times, but as it's happening on bigger and bigger scale EVERYONE is seeing it. And from what i pick up at reddit and different forums, public still don't get it. They think because it''s ponzi, and because FTX was ponzi. And they are happy it happened to "annoying" crypto people and i totally understand the bitterness. They don't even get that most of us are cynics too, they think we are all moonbois and libertarians and make articles like this. But that's their loss.

And OP right, big businesses understand that crypto is volatile and probably now are buying projects that they see solid and important, not just hype.

Well yes, The events are just repeating and the distrust keeps happening every market cycle and on the bear market specifically. There are a lot of FUDs, Bad news, and other type of negative things about crypto that makes the market collapse. We've been there a couple of times already and for me, I've expected this kind of scenario which bad events will come consecutively. Other people opinions are just a mediocore comments of people caught the bear market and lose some money. Comments like that are inevitable. All we can do now is to accumulate and do the right thing to prepare for the next bull market.

well this scenario often happens when the market is not healthy , I remember in 2018 there was a lot of bad news about the crypto market, and when entering in 2021 there was a lot of news praising crypto , because bitcoin scored ATH again, and many shouted that crypto is the future, and we'll see how they react now Cheesy

Bitcoin is behaving like cyclical assets and follows the trend in the overall economy like stock market which is evident from its strong correlation with stocks. Though currently it is in bear cycle since the beginning of 2022 but for sure it is not going anywhere, it is here to stay, it will bounce back but I think market will first enter in stabilization phase once Bitcoin is bottomed out then most likely we will see beginning of bull run by mid of 2023.