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?
valuable project I know of only one and it's called Bitcoin, for the rest they are projects created only for speculative purposes. I myself got hurt with LUNA and from that day on my thoughts towards altcoins have been completely distorted, now you can no longer trust even strong communities, we will never know what secret jobs the creators of a particular crypto do . this time the markets have not only collapsed but they have also lost the enthusiasm that revolved around crypto, many people got hurt by losing huge amounts of dollars, other people will walk away and the recovery of the market will be very slow.