Quote from: BALIK on Today at 03:20:32 AM

Quote from: savetheFORUM on December 20, 2022, 02:33:50 PM

Quote from: Abiky on December 20, 2022, 11:38:23 AM

The FTX collapse set the crypto industry back a few years, so it's going to take quite a long time before BTC goes all the way to $100k per coin. Many are panicking thinking it's the end of crypto. But let me tell you there's more to Bitcoin than meets the eye. This is a once-in-a-lifetime opportunity to grab as much coins as you can for a steep discount. Once the tide is over, Bitcoin may never go below $20k again.

Remember, wealth is built during bear markets (not the other way around). I'm pretty sure Bitcoin will make a comeback sooner than later. Who knows if BTC goes even higher than just $100k sometime in the future? Just my thoughts Grin

Why the FTX collapse only? Don't forget before it, we already have wars, other economic crises and then the main thing would be the bear market. The price fell down and it made it look like we are back at the early years of BTC but it didn't take away our progress. The people's awareness about BTC is still twice bigger than what we have on the past. Most of them will re-enter BTC again once some things have sorted out.

This is why I do not think it will take time before we recover to our last ATH and after it, we will slowly create a brand new ATH. We will soon get to that $100k most of us are assuming of but for now, all must prepare a fund for stacking more coins.

In 2022 we have experienced many difficulties like war and economic crisis but the thing that made the market worst was the crash of FTX, I agree with @Abiky's thinking. The crash of FTX has scared more investors than ever, even though the death of FTX has nothing to do with bitcoin but outsiders can't tell the difference, and they think the two are the same. This has caused a general bad reputation for the entire crypto industry. But this is also not the first time a centralized exchange has crashed, after all, I believe bitcoin will recover and will reach new ATH is quite sure.

FTX bankruptcy may not have nothing to do with Bitcoin, but it's how the people thinks. Since FTX is one of the biggest exchange in the crypto industry. Sooner or later, another exchange may fall again and a lot of people will lose their hard earned assets again. So, there will be a temporary fear for what happened with FTX, that's like a natural human reaction when something bad happened to a neighboring exchange.