After almost 9 years of playing around with bitcoin and cryptos I have nearly seen it all.
The Fall of Mt. Gox was all the rage, the crypto markets collapsed for years, and yet, it seemed like there was just so much more potential during that time, so much excitement and shilling...
The markets collapsed, but the communities were strong.
Now seems different...
The crypto winter kicked off and the first casualty was Luna... 6 months later we watched Ftx collapse, and now many "Trustworthy" and "Safe" exchanges are playing games with user funds due to the mismanagement of assets and too much exposure to Ftx.
What happens next?
Did too many people get burned too bad this time?
Is the negative outlook too much now?
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?
It may take a while before people realize that the best time to build investments and more projects in this industry is during times like these. The market won't go up if we don't do anything about the situation basically. But I am really hopeful that someday, at least in the foreseeable future more and more people realize that this is the case with everything that concerns the cryptocurrency market. Also hoping that the much-anticipated global adoption commences a little bit earlier so as to make sure that at the very least we all get to enjoy the fruits of all our toil and labor. Cryptocurrency market is looking really bleak right now but as with the other bear markets in the past, this too shall pass.