Post
Topic
Board Bitcoin Discussion
Re: Good days to bitcoin will be back soon.
by
kamvreto
on 21/11/2022, 13:29:35 UTC
If we compare the bear market of 2018 with the current one, then the difference is very significant, since the ICO initially had a lot of fraudulent projects focused on taking money from investors, and that’s it. And now we see how large exchanges like FTX, or other large projects go bankrupt, and they definitely didn’t intend to deceive their investors, they planned to work on the market for many more years, but stronger players simply take them out of the market.

This only says that big players with big money come to the crypto, who eat the weak. This is a good sign for me, as it says that they see great potential in the cryptocurrency market and we will see growth, I hope in the near future.

Everyone expects growth in the near future, but the current state of affairs is still a very risky one to enter. the big will eat the small. The failure of an exchange like FTX was purely the fault of their CEO and greed was also the main cause. The current downward trend is indeed dominated by several large crypto projects that have collapsed and resulted in damage to trust in crypto, FTX is the biggest cause at this time, and many investors are starting to distrust centralized exchanges.