Quote from: Bitstar_coin on November 24, 2022, 11:41:12 AM

Quote from: Betwrong on November 24, 2022, 09:03:30 AM

And yet for some reason many people see FTX's collapse as something similar to the world's end. Don't they know what happened to the first, to the number one Bitcoin exchange at the time, Mt. Gox? What was the price of BTC at the time of MtGox's collapse, and what was happening to the price during the following years? If they don't know, they can google about it, and all the info will lead them to conclusion that they have all the right to be optimistic about the times of the next Bitcoin Halving.

The problem is some people often jump to conclusions too quickly mostly to negative news, all they see is the worst happening, the world is crumbling.
During the Collapse of Mt. Gox btc was not this popular with so much support from different parts of the world, yet btc was able to fight back and break ath several times.
I think btc has already proven time and again that nothing can bring it down, not the collapse of any cex exchange. I hope people can see that and stop doubting the ability of this great tech to go back up.

Different eras so different set of reactions, although I would say that by that time, Mt. Gox is the only top tier exchange and so when it collapses it has a big impact that we can still felt up to this year. Of course, bitcoin is too big too fall, and we also have to think that it was FTX that put a dent on the market, not like a straight negative news to Bitcoin. But since the timing is wrong as it has happen in the bear market, the effect was magnify X times causing the investors to push the sell button to bring the price to another lower low for this year.