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Author Topic: Year 2022: The Year of Collapse in Crypto History  (Read 1603 times)

Online TomPluz

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Year 2022: The Year of Collapse in Crypto History
« on: November 21, 2022, 04:33:22 AM »

I am watching the many new developments in the case of FTX-Alameda collapse and I must say that details coming into the light are all so bad and ugly - to say the least - and right now we are seeing the contagion effect affecting many platforms including Genesis which is getting to be another candidate to collapse.

There should be an outrage of anger from the people victimized by FTX - those who believe that Sam Bankman Fried was a hero, a savior but who turned out to be just another low-level scumbag.

Surely 2022 will go on to be a very historic year for cryptocurrency and will be know as the YEAR OF COLLAPSE in the industry.

So what are the many big things we are learning here? One, don't trust anybody and always remember: not your keys not your crypto.






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Year 2022: The Year of Collapse in Crypto History
« on: November 21, 2022, 04:33:22 AM »

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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #1 on: November 21, 2022, 06:17:28 AM »
You are right. Investors are being affected significantly by the sudden collapse of the cryptocurrency market, also, in particular, a company connected to a notable crypto exchange. As mentioned in Coinpedia News Article, Businessman and cryptocurrency investor Evan Luthra lost $2 million as a  result of the whole FTX debacle.

He claims that he made the wrong decision of trusting somebody such as FTX and giving them his bitcoin, giving them his crypto so that they could give him IOUs. It is a very big lesson for me, and a very big lesson for everybody, he added. 

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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #2 on: November 21, 2022, 10:04:08 AM »
There will always be good winners despite the trending descend of the general crypto market. And congratulations to the many holders and supporters of these clear winners. I can still remember getting my free 2.4 million PatronDoge token to me by TrustWallet, this token is not listed but this cryptocurrencies have lot of potential in future so that is life - the crypto life which I realized is not for people with faint heart. Right now, we are very much in the bear big territory and nobody knows when can we go out of here...let's wish that 2023❤ will be smiling to us a lot better.
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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #3 on: November 21, 2022, 10:25:21 AM »
While virtual video game money is not a new concept, the advent of blockchain technology has created opportunities for crypto gaming developers to add an element of real-world economics to their games.
Crypto gamers can earn non-fungible tokens (NFTs) or cryptocurrency by playing and winning a game, and those digital assets then become the property of the gamer.
#Pawsome #NFTMarketplace #NFT #foxcampaigns #qie #qiblockchain
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.RACE NOW.

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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #4 on: November 21, 2022, 04:53:02 PM »
2022 sure is the consider the Builsh for Crypto, because first LUNA and Now FTT, both coins are considered a good investment sources and users put their trust and invest millions but in the end they get disappointment.
Hope 2023 may bring some of the recovery, but like the current market condition seems, it's controlled by someone and until the force get his traget, the market will be pushed to bulish.
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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #5 on: November 21, 2022, 08:42:13 PM »
At least, these collapse projects was due to insincerity to team members (FTT), and the poor invented agorithem UST/Luna technical developments resulting to a crashed network respectively. Luna may be considered as a poor technology but FTT collapse was a deliberate act by the CEO, Bankman Fried. Some of these problems will always bring in good lessons on the crypto community.

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Offline mu_enrico

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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #6 on: November 22, 2022, 04:53:33 AM »
These platforms/exchanges seem not to have any risk management in place. They bet with the users' funds to do extremely risky highly leveraged activities and enrich themselves. And now we are seeing shady Proof-of-Reserves by various exchanges. It's ugly! Especially if the crypto price continues to tank as one by one these mismanaged companies will collapse. Anyway, even if the short-term future of the crypto industry is so bad, I'm still convinced that the long-term future of this industry will be bright when all these bad actors are taken out and jailed.
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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #6 on: November 22, 2022, 04:53:33 AM »


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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #7 on: November 22, 2022, 08:09:15 AM »
This year will also be known as the collapse of crypto market, first TERRA LUNA ruined crypto and after that now FTX ruined crypto market. This is the biggest crash ever seen in the crypto world, which has forced people to think about investing in crypto. If seen from the other side, such situations keep on happening in the crypto market and the market keeps on moving more and more.

.P A R A D I G M A.
.▰ ▰ ▰ ▰ ▰. NFT METAVERSE
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  .▰ ▰ ▰TOTAL ITEMS..777!.......

 
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..J O I N..
  ...MINT NOW...

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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #8 on: November 22, 2022, 08:21:27 AM »
I think now the investment capital for the most part will wait for the regulation of the market and is unlikely to want to take risks
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Offline therozaq

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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #9 on: November 26, 2022, 12:55:27 PM »
Keep calm mate, it's bearish season.
It's not collapse but almost all of investors just way and keep hold.
Wait 2024, we will see bullish
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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #10 on: November 26, 2022, 04:59:33 PM »
The year 2022 is not a tragedy for the crypto world, in which a big exchange like FTX has gone bankrupt. Due to which the crypto world has got a big shock and all the crypto currency has collapsed, which is not a good sign for the crypto world.
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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #11 on: November 26, 2022, 05:14:13 PM »
Keep calm mate, it's bearish season.
It's not collapse but almost all of investors just way and keep hold.
Wait 2024, we will see bullish
2024 is still a long way off. Moreover, if we count on the effect of the growth in the price of bitcoin due to the halving in 2024, then such an effect manifests itself in the next year after the halving, that is, 2025. This is almost three more years. Not everyone has time to wait that long.
It could be said that the growth of cryptocurrency will happen much earlier, then such situations that happened with LUNA and FTX undermine people's trust in cryptocurrency and extend the term of the crypto winter. Therefore, it is still difficult to predict future prices in the cryptocurrency market.

.FX..BOX.
 
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INVESTING, TRADING,
LOTTERY, MARKET
PREDICTIONS.
 
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GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
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.FOREX..TRADING FROM $1.
 
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Offline Astra

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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #12 on: November 27, 2022, 12:46:40 PM »
This year will also be known as the collapse of crypto market, first TERRA LUNA ruined crypto and after that now FTX ruined crypto market. This is the biggest crash ever seen in the crypto world, which has forced people to think about investing in crypto. If seen from the other side, such situations keep on happening in the crypto market and the market keeps on moving more and more.
I don't think it's all that bad. Crypto projects and exchanges, which previously seemed indestructible, periodically fell and were hacked before. This caused panic and shock only at first. The market was reconfigured and developed further. So it will be this time. The way up will always be winding. There are already certain prerequisites that the end of the crypto winter is close and there will be a good bullish period soon.

.P A R A D I G M A.
.▰ ▰ ▰ ▰ ▰. NFT METAVERSE
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  PARADIGMA  NFT  METAVERSE
is an NFT marketplace + SCI-FI +
an innovative P2E gaming platform
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  .▰ ▰ ▰TOTAL ITEMS..777!.......

 
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..J O I N..
  ...MINT NOW...

Offline gunhell16

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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #13 on: November 27, 2022, 02:17:08 PM »
Luna and Ftt are the big histories that happened badly in the cryptocurrency industry this year 2022. But even so, it is not the end of cryptocurrency, we know that only people who lack ideas and knowledge will think that it will collapse forever in the world of cryptocurrency.

But for those who have been here for a long time and deep in this industry, we don't think like that, but this is an opportunity can even buy cheap coins that can potentially give us good savings in the future and many are doing this now and I'm there of course.
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Re: Year 2022: The Year of Collapse in Crypto History
« Reply #14 on: November 27, 2022, 08:48:22 PM »
Yeah. But it is always a case of not your keys, not your coins. Which is a motto that is usually taken seriously in the crypto world. But sometimes we have to let go of our coins or tokens and either stake it or farm it out on platforms. And the truth is any platform can do under, no matter how trustworthy

 

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