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So, what is it about 2018? For those who are new to the cryptocurrency space – that was the year of the great crypto crash or the bitcoin crash. Before it was September in 2018, all the cryptocurrencies collapsed from their peak 80% and it was the worse crash – comparatively worse than the 78% collapse. There were several reasons for why it happened.
There were massive sell offs, Goldman Sachs abandoned plans to launch a cryptocurrency trading desk and there were also fear of huge capital gains for those who invested in BTC for literally nothing during the early days. There were winners and losers. Several theories explained the crash. Some called in regulatory uncertainty and there were a range of other reasons.
So, will there be another crash in 2022? The 2018 crash was not the end for BTC. The price again touched the highest in 2021. And the value of the crypto exceeded 65,000 in February 2021, April 2021, and November 2021.
Whether there will be a crash is probably ruled by several factors, but even if it crashes it will get back up again. Time for those who know the trick of buy the dip if it crashes. No matter what, crypto is here to stay.
Lark Davis Shared: “Crypto is not over, but sometimes it does take some pretty dramatic breaks.”
Random Community Response to Lark’s Statements: I’m mentally prepared for another 2018. It was always a possibility and the odds got a lot higher given the macro environment. In this case, 2024 will be epic, I can wait.
I don’t think it will be so difficult, we should be more optimistic.
BTC weeks ago: Far from Home; BTC now: No Way Home; BTC in the future.
I know but it is so boring. Up is so much more fun.
It’s always more fun to watch your wallet get bigger than it is to see it go dry.
Sure, but let it get dry so it later gets wet and bigger. You must be strong and experiencing the dip. Just buy more and wait until your joy is full. Cryptocurrency is a real deal and it is never over.
Everyone who hold different coins are going through tough times. For instance, went through this with XRP, which is on its 2nd Big Correction on its way up. Pullbacks happen on the way up. When pullbacks happen, it becomes important to stick to plan.
Perfect time for newcomers to get in. Been asking friends, if they are interested. So far it has been a firm “No.”
Keep talking about it. Even someone I know who were skeptical are beginning to ask more questions. More questions, more curiosity, eventually leading them to wet their first toe in the cryptocurrency water.
Any free market always has its ups and downs, the ability to hold through the storm is what makes one a true believer. Crypto isn’t going anywhere, but it’s not going to be an easy ride, but it is going to be a very rewarding one. Make your plan and stick with it.
It’s only the beginning. Just spend your Tether on Bitcoin and wait for it to be 100k.
Maybe crypto is over or even it will crash for someone today. But for a long-term vision, it’s just a beginning. It depends on you.
This is not the thing where crypto drama breaks. This is crypto buying times.
You know after the rain comes the sun shine. Always bullish after every brake isn’t it? Never Over.
Doubt is needed for it to get to the next stage. It is not comfortable but necessary to get to where we need to be.
In Saint, this is only the beginning of the journey to the moon. The era of bitcoin is over. This is the era of altcoins.
If you can’t deal with this, crypto isn’t for you. Learn to trade or try to find the top.
Think it’s pretty clear we are in the bear market now. Yes, it will rise to 80k and will be back to its land mark 40 k again.
