I worry that this may be the beginning of the end to many long lasting projects and potentially bitcoin itself... This crypto winter has at least another year to run its course and we are still watching the FTX fallout unravel.
It's some tough times, indeed... All the bags of worthless tokens that were once projects of potential.
Anyone out there have words of encouragement regarding the future of crypto? Anything the future holds to look forward to?
Yes, it is the end for many bad projects, but it is not the end of Bitcoin, on the contrary, I think that this may be the good start on which Bitcoin is based after getting rid of all the bad projects that caused a lot of distrust of the crypto market, all these fake projects that were established for the purpose of profit only Little by little it will collapse and only bitcoin will remain the safe haven, let the crypto market clean itself of all these fake projects and only bitcoin and good projects that are worth staying will remain.
We can liken what is happening now to a virus that enters the human body and will cause it a lot of damage and pain, but in the end when the body is able to overcome the virus, its immunity will increase and become stronger than before, this is the same thing that is happening in Crypto now.