Everything You Need To Know About The 2022 Crypto Crash

[Specterx]

I think that as a worst-case scenario, BTC will reverse all the post-October 2020 gains and enter a range from roughly 5k to 17k for a number of years to come. There's going to be enough underlying reservation demand from rich millennials and libertarian Peter Thiel types, plus ongoing transactional demand for money laundering, Turks and Latin Americans escaping hyperinflation, etc to keep the ecosystem operating at a basic level.

Can't say the same for most of the secondary coins.

 

[The_Krakenite]

and enter a range from roughly 5k to 17k for a number of years to come.

The worry, isn't so much as the WORST CASE for BTC this year. It's how terrible is the BEST CASE scenario for Sol and Binance?

 

[RedDuke]

The worry, isn't so much as the WORST CASE for BTC this year. It's how terrible is the BEST CASE scenario for Sol and Binance?

Totally get SOL, but is the worry with Binance? Thought they were rock solid?

 

[S2007S]

Cryptocurrencies can easily fall 50% this year and that's on the lower end of the spectrum. Some will lose 60 70 80 99% of their values. But I don't hear any mention of NFTs!!!!!!

NFT bubble is spectacular and once the fed raises rates and all this funny money stops Cryptocurrencies and NFTs will see the most epic fall!!

 

[Ed48]

The Bank of England has already raised rates twice.

I can't help thinking that rate rises coupled with soaring inflation, energy costs and tax rises is going to knacker the UK economy.

The future looks anything but rosey.

 

[The_Krakenite]

Totally get SOL, but is the worry with Binance? Thought they were rock solid?

I think you missed something.

The only reasons these exist, was due to the fact that ETH was going to take all this time to get its scaling/speed/fees on-track.

 

[Cryptjitsu]

I found this an interesting read, especially the part about how Nakamoto never intended Bitcoin to be an appreciating asset, but I doubt it will appeal to diehard crypto fans.

https://investorjunkie.com/investing/crypto-crash

The whitepaper itself literally states that the intended purpose of BTC was a near frictionless payment mechanism not price appreciation. BTC Maxis just ignore that, cause 'Number Go Up"

That said, I personally believe Satoshi is a fake persona anyway and BTC was a deep state project from day 1. It's all playing out as intended.

 

[Cryptjitsu]

Crypto bubble can not be compared to any other bubble. 70% of crypto volume is in fake money (USDT and etc). All other bubbles in history were in real money. No one had the power to click few buttons and create a billion out of thin air. The real crypto test will be if/when any stable coin that has 1:1 USD peg must be audited by reputable auditing firms.

All bubbles in recent history (last 50 years) were not real money, nor even close.
This is just a repeat of the same and evolution of the current financial system.