Post
Topic
Board Bitcoin Discussion
Re: Question Of Thought About Crypto Winter
by
Crypt0Gore
on 17/04/2023, 16:35:05 UTC
Question of thought...

I made a research recently, i found out that Bitcoin reached nearly $19,500 in 2017 and later fell below $3,300 in 2018.
Source https://www.forbes.com/advisor/investing/cryptocurrency/what-is-crypto-winter/

1) would've other crypto's survived during that time ?.
2) Why do Bitcoin survive during crypto winter and other crypto's finds it difficult to cope ?.
Unfortunately, many crypto projects failed to make in through the last 2018 bear market, I believe the same thing will happen this time too, the 2018 bear market lasted till 2020 after the CoVid 19 outbreak, we aren't expecting that collapse but it happened and Bitcoin was affected big time, though the crash doesn't last very long, many quit investing and believed that it's over but those who are fortunate to invest in that crash made the biggest money through crypto.

Many people believe in Bitcoin as the most valuable of them all, even after the 3500$ crash many whales still held their positions, as if nothing is happening, they knew that these tough times would pass and they are right, those who are not strong enough sold their Bitcoin and left.