Will the crypto market collapse one day?

[Razor1911]

The tremendous upmove from all the crypto currencies has been talk of the town lately. Specially Bitcoin, which soared from $9000 to $63000 in so short time, took every trader by surprise. No one ever had imagined that the growth will be so high and so steep.

But the love story of Bitcoin has ended when Elon Musk's tweet and China's crackdown news bombarded the market. The market crashed and went down like a rocket hitting ground. Now the price of Bitcoin is almost 40% of the all time high.

The way the crypto market is falling, I am in dilemma now. Is it possible that market will collapse one day. The way, many countries are putting ban on it's uses of crypto, is it possible that one day cryptos will have no value at all. What do you guys think about this?

 

[arunima25]

The crypto market was always a volatile market. And it has seen various dips earlier too and then there was a bounce back and the same coin soared high in sky and people made a huge profit. The current dip is really dip and perhaps the most prolonged one. It has been more than a month but still no improvement or sign of improvement. So such concerns are about to rise. But a total collapse of the whole market seems a bit of hype. It's too early to conclude.

 

[Razor1911]

most of this thing has happened before there was a time something similar happen in 2017,crypto market is all about being patient because there is nothing that you will do in this life I will never face challenges and this is one of the challenges of cryptocurrency. So you think cryptocurrency will cease to exist ?

And even after such a collapse, look at the current position. It is going up and up now. Thr sudden down move is a temporary one and I think we might see another spike soon. The patience is required very much for that. You should invest in such cryptos for long term and for that you should keep patience. Otherwise you will exit your position well before the perfect time.

 

[Sotherefore]

But looking at the recent developments the future looks grim for the crypto market. Everday some news comes about China banning, US banning it, enviromental conerns etc. All these news have negative outlook to Bitcoin. There have been only a few good news but lots and lots of bad news recently. And the way the price gone down last time, every body was shocked to see such intense fall.

most of this thing has happened before there was a time something similar happen in 2017,crypto market is all about being patient because there is nothing that you will do in this life I will never face challenges and this is one of the challenges of cryptocurrency. So you think cryptocurrency will cease to exist ?

 

[Razor1911]

Lolz, there is nothing that will happen to the crypto system because we that are in the crypto system have understand that this sort of collapsing I've been happening before and it is not a new thing to us,it is just a matter of time everything will return back to normal, I am not afraid.

But looking at the recent developments the future looks grim for the crypto market. Everday some news comes about China banning, US banning it, enviromental conerns etc. All these news have negative outlook to Bitcoin. There have been only a few good news but lots and lots of bad news recently. And the way the price gone down last time, every body was shocked to see such intense fall.

 

[Alexandoy]

When the buyers will start to wane in numbers because they are experiencing that they are being victims of whales in the transaction then I guess that will be the collapse of one crypto that can be followed by other crypto coins. Right now there is a hype that you will notice the posts are mostly positive. When the hype dies down the negative posts will appear.

 

[Chibson]

A lot of people need to understand that cryptocurrency has come to stay and of course it is the future of currency in the whole world. the fact that a lot of world billionaires are backing cryptocurrency is a very good sign that it has come to stay and it is the future.

 

[Sotherefore]

This wil be very difficult naturally speaking because it simple implies that the whole players in the market will withdraw their services all at once and this will altimately hamper the growth. But this will be a very difficult scenario. Because as humans we all want more.

Lolz, I am following this topic to see what other people will say about it,this is so unrealistic because no matter what a lot of people will not withdraw all their money from cryptocurrency, even if bitcoins fall back to $1 people will still want to buy it which may not happen in this life.

 

[Kingsley]

This wil be very difficult naturally speaking because it simple implies that the whole players in the market will withdraw their services all at once and this will altimately hamper the growth. But this will be a very difficult scenario. Because as humans we all want more.

 

[Sotherefore]

Lolz, there is nothing that will happen to the crypto system because we that are in the crypto system have understand that this sort of collapsing I've been happening before and it is not a new thing to us,it is just a matter of time everything will return back to normal, I am not afraid.

 

[Razor1911]

Though there is nothing impossible but I don't see the current situation as a yardstick to measure the beginning of the end for cryptocurrencies. It is always made pronounced because many people are into the crypto just to take their share. That's why people that are caught with the bearish web saw it as a strange thing. It happened in 2017 and it went flat till 2020 when cryptocurrencies surprised everybody.

That is how the market works. You never know when the market may change it's course. But it is certainly impossible for me to say, if the market may come back to $1 again or not. Beacuse everything had started from there only. And the way the market is going down and negative news coming out on daily basis, I think dooms day is surely coming.

 

[btaliat]

Though there is nothing impossible but I don't see the current situation as a yardstick to measure the beginning of the end for cryptocurrencies. It is always made pronounced because many people are into the crypto just to take their share. That's why people that are caught with the bearish web saw it as a strange thing. It happened in 2017 and it went flat till 2020 when cryptocurrencies surprised everybody.