FTX

the_bueg

That's a dumb comment. OP's criticisms are legitimate. > stop pretending decentralization matters WTF. Some people remember FTX, Mt. Gox, ACX, Quadriga... and on and on in a nearly endless list depending on how much lost capital you stop counting. And some people also like to own their own coins, not a fractional reserve database entry where your investment is last in line in their chapter 7 proceedings. If *YOU* don't care, hey that's your business and you do you. But to turn your own words around, "stop pretending decentralization doesn't matter". A more valid rebuttal to OP may be that the problems he is expressing is inherent to the very notion of decentralized finance. But many smart people are working on it, and there are many ways that average people can help.

CryptoMemesLOL

Are they leveraged at all? The real issue with those funds is when they don't have enough collateral and need to sell, this can create contagion like with FTX.

110010010011

Miners have always been selling. That’s how they pay for mining. The profit margin is non-existent or slim so the majority of the BTC mined needs to be sold to cover the overhead. But given how low the block reward is now, there is very few freshly mined BTC being sold each day relative to the rest of the market. It’s retail panic that’s powering this drop, same as always. Sure, there have been major catalysts in the past like the Mt Gox hack, the China bans, and the FTX collapse. What’s different this time is we’re not seeing such an obvious cause (yet) other than “by now in the four year cycle, Bitcoin has always peaked.”

dmbveloveneto

That would make sense considering it was the worst weekly candle in BTC’s history.  This is a BTC sub where everyone will circlejerk about it. In reality you need to start asking what other catalyst will move the needle here.  BTC and the broader crypto market has never recovered from the reputational damage of FTX and becoming engulfed in politics has only made it more polarizing. Pre-2022 there was broad curiosity in BTC. There was genuine excitement. Now ppl either wholeheartedly believe in it, or just think it’s radioactive and will never touch it. Even when BTC broke ATH’s, it never had the same buzz around it that it did pre-FTX. Additionally, there’s a growing chorus of concern around the ramifications that quantum computers will have. The inflection point is closer than most people realize. BTC needs quantum-proof cryptography yesterday because the concept will destroy its value well before it actually breaks anyone’s seed phrase. If you still believe in the four-year cycle, you would sell now because quantum computing will likely be able to break a seed phrase before the next cycle top.  So you need to ask yourself where you expect new money to come from, because the ppl who love it are already heavily invested, and those who don’t likely will never consider it. 

Captain_Fredl

The lowest was FTX with 11🤣

harvested

You deleted your other post so I'll reply here: Oh okay, the halving. Is that what caused the pump in 2021 and the brutal drop after? I guess it roughly aligns with a 4 year time frame so it must be. It definitely wouldn't have anything to do with the money supply increasing 40% almost overnight, interest rates going to zero. All risk assets pumping (see: ARK funds, tech stocks). Followed by the fed signaling and executing the most rapid interest rate rise in history, balance sheet tightening (QT) that has remained til today. Which then triggered brutal unwinds of some very sketchy funds, exchanges (FTX, 3ac, etc) which made bottom deeper. But if it was, you would see ARK, GOOG etc drop too and enter a multi year bear market right? Oh what's that? They did do that? Hmm. Yes it must be the halving.

Willing_Juggernaut10

Nice, this is a fairly reasonable explanation for what's going on. The patterns were especially obvious the last couple of weeks, when btc would dump 2-3% when the US markets opened. Almost linear dumps, with no sign of support at any levels. I couldn't for the life of me figure out what was going on lol. Just when everyone thought we'd never get another FTX, we get this at the worst time possible. I wonder how much longer the selling will continue. Even more than that, I worry how the market will react when this matter finally comes to light. Probably another wave of panic selling. Let's hope for the best!

Awkward_Potential_

Yeah, you're not really missing anything. I remember after FTX, I'd buy a little at 30k, then 25k, then near the bottom, then buy more on the way up. You always feel like a fool buying and watching it go further down. It doesn't matter. It's an accumulation game. Just keep acquiring.

anon83818

No, it’s not real. If it was, then November 7, 2022 should have been the 2022 ATL. But FTX imploded *after* November 7, 2022, and BTC’s price fell from around ~$20k to $15.5k, which is a 25% downturn. A trading using this pattern with 2x leverage would lose 50% of their capital. A trader using this pattern with 4× leverage in 2022 would have been liquidated. The fact that the models breaks massively during a real-world stress event is the strongest possible evidence that it’s not reliable and is useless for forecasting. Timing the market is a fool’s errand. Relying on historical patterns, numerology, or dubious limited-cycle theories like this 4chan post (especially for a young asset like BTC) ignores the reality that markets are driven by unpredictable real-world, exogenous events.

Potential_Dealer_202

Everyone should read it. This feels so right about this. I have even seen so many comments on here that said "No crash, no FTX-like, No major thing?" And I agree with questioning that, because it felt odd. This would explain it, the same time-stamps everyday totally shocked me. The same shit, because by watching Bitcoin at US Market open for these last days it really felt like You can already guess what is about to happen in the same patterns, and it happened violently. Right now I am so curious what entity/fund/group did this, because no moves at Coinbase and big at Binance is interesting. Of course there is really optimistic info about reverse, so my bullish side feels great.

b1mm3rl1f3

F&G at 6, WORSE than covid19 or FTX. BTC down -36% from ATH with 3D RSI lowest since 2022 at $18K BTC. I'm no Grant Cardone but MM just gave me the greatest gift of all this holiday season

Budget_Eye5861

WOW - to your post - no it doesn't I buy into crypto so I can live freely 100% of my funds are in crypto in some way Well not right now because I live by the cycle Something you are not going to understand I've not worked in almost 5 full years come this FEB 2026 There is no place else can I make this kind of money and do nothing but want I want to do, daily. I got cash for the next (2) years for my basic needs - and that's only 16% of the total I started with $50 back in 2013 and I've never been more financially stable Paid off Students loans in 2017 Lost $431,000 USD to Luna and FTX in 2022 Bought 2026 Crysler Pacifica Limited AWD in 2025 and As I previously mentioned, banked (2) years of cash to live on for the next (2) years. I mean............... what else is there to

Recordeal7

I’m down 119k from this year’s ATH. Still up 87k overall. The FTX/Luna crash was WAY worse than this.

OkZucchini5351

No it isn't. This crash is scandal-free so far. It's not like in 2021 when we had FTX, Terra Luna, Celsius and BlockFi all rugging and damaging the public image of crypto.

VisiblePlatform6704

My main concern right now is that, we haven't seen the "black swan" event like in past crypto downturns. For example,  the very first one was MtGox hack, then you got , Celcius/3AC, terra/luna, SVB, FTX, to name a few.  Those events triggered mayor sellout. And they happened due to reduced liquidity.   But we haven't seen any of that YET this cycle. Which means that when it happens, things will get messier. 

Peter4real

Mjeh, 2021 was crazier. Luna and FTX really did most people dirty. Now I just see it in parallel to general macro economics trends signalling a downturn in all markets. 2026 and 2027 is going to suck for a lot of people.

tj78492

Not bottoming until we find the bodies and they save the system with more money. This is just like COVID and Luna/FTX. Sell the rips and wait for the news to buy back in

Simke11

It will be a fairly strong support I think, unless we get FTX-like event once we get there.

Alternative-Release3

Remember 2021-2022 cycle when we had CZ jailed, Luna crashing and depegged its stablecoin and then FTX went down due to massive fraud and corruption by Sam? Wild times. What you see now is mild.

bimbobandit2016

FTX was the number 2 exchange at the time, you clearly weren't paying attention

Rosenhuhn

"rallied to levels never imagined" do you mean the FTX "rally" to 16k? Because all other levels are quite often imagined

117Reclaimer

The previous cycle was fucked thanks FTX and Sam Bankman-Fraud. We should have known this cycle was ending when CZ was pardoned by the scammer in chief.

Simke11

Liquidation event on 10th of Oct had started a domino effect. These things usually take months to unwind. Look back at '22 and how Luna had a cascading effect that lasted almost 6 months and culminated with FTX bankruptcy.

Known_Click

Nah, in 2022 it was already 30-50% down before the Terra Luna and FTX collapse happened. When the price it’s down this much in a short period of time it’s when some overleveraged companies starts to struggle, gets liquidated, debts etc.

cointon

Is it possible it was CZ trying to destroy Hyperliquid, like he destroyed FTX?

piggleii

They weren't great, but come on. FTX+LUNA was much worse, for me anyway.

bingbingMMapple

Except this time around there’s no Terra Luna, no FTX, no Celsius, no Voyager. …Yet! lol! Haha, time will tell. Nothing has changed fundamentally with Bitcoin, buy the dip responsibly, exercise patience, blah blah blah.

OkSeries5363

I think you are confused It's not about belief, it's about public filings. Since they are a public company, their books are wide open for you to read. It's called a 10-K filing. Look it up. Public companies can't hide borrowing against client assets in the footnotes. That's not how accounting works. Feel free to link the specific line item in their Q3 report where they list Client Bitcoin as corporate collateral. Until then, you're just describing FTX, not a regulated asset manager.

AutoModerator

Post is by: Ubique008 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1p2gr23/playbook_from_a_crypto_veteran_nfa_dyor/ Been here since 2017. I lost everything in the FTX and Luna crash. Became a BTC maxi and it made me wonders this time. I bet the house in 15k BTC 2022 and sold it all at 107k. Never made back my 2021 paper gains, but still. What I am, me, me personally, have written down to do: BTC can go 75 80 85% down. It happens. The 4y cycle has not disproven itself yet. I am sitting all in safe treasure bonds until 13-14 months after all time high. By november decemver 2026 the bottom should be in. My guess is around 40-55k for BTC. When will I sell? 13-14 months after halving. I 100% got the bottom in 2022 and missed the top by not much tbh. It was the same time playbook that worked in 2017, and worked 2021, and worked again 2025. 2021 I lost 100% what I invested in the LUNA FTX crap. Never again. I myself will only buy BTC. Again, around nov 2026 and sell around 13-14 months after halvint whenever that is. This is not financial advice, this is just what a crypro veteran who got 100% wrecked did this time and will do again. Hold right now if you want. But Hold BTC. HOLD ONLY BTC. I would sell everything, even BTC, and way for nov 2026, but if you hold BTC i wouldnt blame you. I hold now what would be over 8 figures of alts at ATH, that are cents. Even bluechip alts like DOT and AVAX that I hold since 2021 ATH still wrecked me to hell. I would never in a million years hold alts agains, even ETH. Buckle up kids. The bear market memes are always amazing. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

JustLTFD

Agreed. There is always a catalyst. Mt Gox, FTX, LUNA, ect. The catalyst this time is MSTR is blowing up. They borrowed billions and have been buying the last couple years. Well they are out of money and their stock has burst. So they will no longer be buying and will likely need to become sellers to cover interest payments. Many saw this coming long before it happened. Somehow Saylor is still in denial about having to sell BTC. The day he says it there will be blood in the streets.

Ryjin2

Crypto treasure companies going bankrupt is going to be the next Celsius, 3A, Voyager, LUNA, FTX collapse. And then ppl will again call those black swans when the writing was on the wall. And there will be continued excuses for why we went lower. Obviously doesn't have mean it will happen, but gotta at least consider that it has a decent % chance of happening. 

CatatonicMan

I mean... they're *probably* safe. Coinbase isn't a shady, fly-by-night company. That said, many people said the same thing about their coins in Mt. GOX and FTX, so...

MySanuk

If measured in USD, then this is the second largest crash in BTC history,. Largest crash was the FTX 48K USD crash. If we crash below 78K, it will be a new record. Support at 82K and of course 69420.

jfiscman

Remember this when coinbase has a big problem, like FTX! Also dont trust when is not you keys.

Alternative-Wash2019

I'd say the worst it can get is 75k. In 2021 we had FTX, Terra Luna and some major hacks. But right now, we have no bearish news. That's just my guess, I can't predict the future, but I'm not selling anything.

Crazy_names

As an exchange? Sure. As a storage? Hell no. And any exchange that tells you that you can trust them is especially to be regarded with suspicion. The issue is that in order to operate in countries like the US, UK, EU, they have to operate like banks. Banks are required to comply with government regulations and provide financial records upon request/subpoena. This includes account holder information and transaction history. They are not going to stand up to the man and jeopardize their business and the holdings of all their other customers to protect *you.* This is to say nothing of the risk of companies like FTX who can say that they have your coins but are actually just holding an I.O.U. that they promise to make good when you need it. so they are fine for buying/selling a.k.a. exchanging, but store your own coins.

AwareChair6095

Since FTX I don't trust any exchange. Best strategy is to buy your BTC from them in small tranches and immediately move to self custody to minimize risk.

harvested

Sentiment is in the gutter too. I don't get it. FTX lows, they were rough. This is a cakewalk.

AttemptKitchen

Hm idk, I remember in 2022 happening the same thing, Bitcoin was at 30-40k before Terra and FTX collapse dumped it to 15-20k EOY.

BigDeezerrr

Fear and Greed index is lower right now than it was during the FTX collapse and there no real reason why except the price is going down. No existential threat. No devastating turn of events. No exploding exchanges. It's really something to behold.

VariatCA

Not even close lol. 2022 had rhyme and reason behind it. We knew the economy was struggling from the ramifications of the shutdown, we saw 6-8% inflation and 15% unemployment, we knew QT was tightening the economy by the balls. Crypto was taking its own hits from SEC persecution, and macro events like Terra Luna and FTX's collapse. Today? Good luck getting any sort of qualitative reasoning for the drawdown except "everyone's really uncertain about everything", and 4-year-cycle-Astrologists pointing to the stars to "justify" it lol.

Aerocryptic

Last cycle was worse, way way worse. Luna, Celsius, FTX all played with people's money and gambled it to 0

lukeman89

How do you feel about people that promoted Fyre Fest or FTX?

coinfeeds-bot

tldr; The U.S. Senate Banking Committee plans to vote in December 2025 on a cryptocurrency regulation bill that designates Bitcoin and Ether as commodities under the CFTC's jurisdiction, resolving SEC/CFTC oversight conflicts. The bill includes rules for exchanges on customer funds, conflict-of-interest controls, and disclosures, addressing vulnerabilities from past exchange collapses like FTX. Bipartisan talks continue, with DeFi regulation as a key dispute. If passed, President Trump is expected to sign the bill into law. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Alarming-Jello-5846

Yep don’t disagree was just quibbling at that one point. Also OP missed the biggest fraudster of that era - Genesis/DCG. They directly contributed to the blow up of all the other firms listed sans FTX (which was just good old fashion fraud).

Future-Bet4783

BTC when lower in terms of percent this quarter than the quarter FTX collapsed

coinfeeds-bot

tldr; Ethereum co-founder Vitalik Buterin criticized Sam Bankman-Fried's FTX, calling it the opposite of Ethereum's decentralized principles. Speaking at Devconnect Argentina, Buterin highlighted FTX's centralized nature, which led to its collapse due to mismanagement and lack of transparency. He emphasized Ethereum's community-driven, decentralized approach, contrasting it with FTX's reliance on trust in a central entity. Buterin argued that Ethereum's design ensures it 'can't be evil,' unlike FTX's failed model. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

escodelrio

FTX for one thing.

fairlyaveragetrader

There's a story everytime, until proven otherwise, what has worked is most likely to continue working. The 1064 day thing is telling, they are still operating on cyclical time frames But here's how you know something is different. If we begin to rally, reclaim 103, then reclaim 116 and begin to push higher, the only risk at this point is a double top. If we start trending past 126, something completely different is going on, the four year cycle is over If that doesn't happen, we appear to be on a four your cycle. There should be a bounce starting really any time. If it fails somewhere below 108 and we begin to downtrend, bad sign. If we stay down here for a few weeks, rally back up to the 50 week and reject, really bad sign. So I'm open to the possibility of this getting bullish next year, something different going on, but until price action goes that direction, why step in front of the freight train? If we're going to get another cycle, you're going to have a chance to buy a good deal of Bitcoin considerably cheaper. If that does not happen and we continue trending higher, sure you buy at a higher price but you have a lot less risk. If this is a normal cyclical bear market you're not going to see the low until later on in 2026 and it's probably going to be about half the price of where we are now, somewhere in the 40s would be a likely Target. If people are really interested, maybe you hold 50k, if people are extremely pessimistic in the market is selling off, short-term lower is possible. You have the 30k support zone or the disaster scenario of the 2017 high that are in play especially for in a recession. I'm not holding out for that myself, I plan on loading up again in the 40s, I bought the FTX crash, continued cost averaging up to 25k, sold a lot of it on the first run to 100K, reloaded a bit, didn't sell much at 126, sold the majority of what I had left between 103 and 108 when it was clear we were breaking down. I only have about 10% of my original stock left. I would like to see if some of the other players like LTC wake up which is normally a late cycle phenomenon. If we don't and we stay down here around the high 80s for a few weeks, rally up and reject off the 50 I'm going to dump the rest, but having a small position just to see if we have something different going on, I'm open to it, I just don't expect it

300A24

> Short of a black swan event like FTX, Luna, Mt. Gox, etc, $MSTR

trucker-123

Short of a black swan event like FTX, Luna, or Mt. Gox, I think there will be resistance in the 60K range. Usually, the new lows are higher than the lows from the last cycle. Having said that, the low of the last cycle was about 15K, which was lower than I could have imagined, but then again, we did have the black swan events in the last cycle with FTX and Luna.

Tonatic

Hang in there. Some of us YOLO’d life savings 4+ years ago with leverage and stored coins on FTX, Celsius, Voyager etc, all whom literally went down the toilet with huge unrecoverable losses. Some nights I barely slept. I know how you feel, and you will make it. One day at a time. Since then I mostly DCA and only hold in cold storage. Got balls of steel at this point. Don’t ever go all in on anything. Ever. The Lambo fanboys, YouTube clickbait shills, and crypto pundits are all fools. HODL BTC and turn off the noise.

EnglishBeatsMath

I'm still to confused as to why Sam Bankman embezzled funds. He had $26 billion dollars before the FTX crash. He could never work again and do whatever he wanted to. But now he'll be spending 25 years in federal prison. Why?? Why did he take people's FTX crypto and blow it on his other company? It makes no sense.

TheKFChero

It's really not because there's so many additional variables to take into account. The amount of liquidity, volume, and open interest, at the time of the 2021 peak is irrelevant compared to 2025. There was likely a small handful of people that actually traded BTC in any significant amount at that price of 69k. What is the point of looking at a peak price, if pretty much no one traded that price? Market structure in 2021 is incomparable to 2025. You had 5 people working at FTX washtrading between themselves to show a peak of 69k in 2021. There was never any liquidity at that level. In 2025, you have regulated ETFs, regulated options markets, regulated futures, with millions of independent actors trading hundreds of billions of dollars of volume at or around 100k.

002_timmy

This is so wrong it's pathetic. Institutional bids are very different than something like a Mt Gox or 3AC / FTX crash.

kgsphinx

Precious! I especially love the “Most altcoins will die and never come back” prediction, which is completely unreflective of history. Of course they would come down more than BTC, except in perhaps a few specific cases. Altcoins are harder to kill than cockroaches. I can name several that should have died years ago, but are still around. It is in fact petty hard to find an altcoin you can really call “dead”. The actual answer is, we drop to 75k, bounce back to 100k roughly, then back down to around 75k. Perfect head and shoulders incoming. From there, we probably continue the up pattern. Without a calamity like FTX collapsing, or 3 Arrows, your dire predictions are fanciful. It’s always easy to be a doomer. The fall from 64k to 16k will probably not be repeated in this friendly environment.

Simke11

When Luna and FTX happened bear market was well under way. FTX marked the bottom of bear market. You could say that both FTX and Luna happened because of the bear market.

22marks

This take on MSTR is way off. People keep repeating it because it sounds dramatic, not because it matches how MicroStrategy’s debt actually works. MSTR is a leveraged BTC play, sure, but most of their debt is unsecured or convertible with long-dated maturities. Only one slice is backed by BTC, and the collateral requirements are nowhere near being triggered by a routine 40 to 50 percent drop. Saylor set it up on purpose so they would not face forced selling during normal crypto volatility. (I believe the origin of this is from Silvergate, but that loan was paid off in 2022.) The comparisons to 3AC, Celsius, Terra, or FTX make no sense. I mean, come on. Those blew up because of hidden leverage, rehypothecation, fraud, or unbacked liabilities. MicroStrategy is a publicly traded company with audited financials and transparent debt terms. Risky? Absolute. But comparing to the other companies is lazy. If BTC dropped hard, MSTR’s stock would get wrecked, but forced liquidation of their Bitcoin is not an automatic chain reaction. And even if margin pressure hit the secured loan, they could post additional collateral. This idea that a margin call on MSTR would unleash a crash worse than every prior blowup isn't supported by data.

ButtBooties

People calling bear market here make me suspicious. What's the catalyst for a bear? There has always been one, rate hikes, FTX. Luna, China ban, etc, what's the catalyst for this bear? Your mom?

nomorebonks

Thank FTX manipulation for that. Shoulda been a $20 coin on release. And yeah it’s the only project that does anything. Everything else just moves coins from one wallet to another

perceptual01

If FTX, 3arrows and Celsius collapsing didn’t send ADA to .02… I can’t imagine this will lol

SwimOld5053

Well done. And Pretty much as you say. I see MSTR implode similar to when FTX collapsed. It was brutal for the market, but it also created one of the best buying opportunities of the cycle. We probably wouldn’t have seen $15-16K BTC without that liquidation cascade. Same idea applies here. Big failures hurt, but they also open doors for the bold.

HGDuck

It is the worst performing post haling year, the current price is around the same levels it was on January first, YTD is actually negative. For a post halving year that's not only under performing, that's entirely going in the wrong direction, even the FTX induced crash didn't drop the price below the start of the year in 2021.

Haunting-Error9852

Just use an exchange that is not gonna be the next Mt. Gox or FTX. Good luck!

Veganarchyst

It has had 90% falls before Would you have held? Would you hold if it fell 90%? That's -$112,500 from $125,000 That means it would bottom at $12,500 I mean the last drop went from $68,000-ish to $16,000 Would or did you hold? But then it went up to $125,000 Do you understand Bitcoin? Do you actually believe in it? If you did you wouldn't ask about selling or not believing There are shenanigans happening like crazy. There was with FTX time as well BTC recovered from that If it "fails" it will have been an amazing experiment If it doesn't fail, what would you call it then? When it's $1,00,000 and still climbing and then is no longer pegged to dying and dead Fiat money?

rainwizard39

I’m from Australia too, and I use CoinSpot, which is an Australian exchange and fits our laws, and Coinbase, which is one of the largest exchanges in crypto. I can’t tell you what to invest in, but Bitcoin and Ethereum are good starting points, they’re safer options. Depending on how much money you put in, you’ll probably want to get a cold wallet (look them up), as holding too much on an exchange is risky if it collapses, like FTX did, or if it gets hacked. A few other tips are to be careful listening to influencers, as they’re wrong a lot. Many people recommend dollar-cost averaging, where they buy a little bit per week, month, or day instead of buying in bulk all at once. Just a heads up: people are talking about crypto going into a bear market, where prices come down over the coming months. Some think we’re still in a bull market and that prices will go much higher. It’s up to you to decide what to do right now whether to buy now and hope it goes up, wait and hope for prices to drop, or dollar-cost average your way into it.

brd111

The next FTX will be micro strategy, completely unwinding, and selling all their assets

harvested

Guys quick sell, it's just like 2021, except Instead of the fed hiking rates at the fastest pace in recent history, they're cutting. Instead of FTX and DoKwon, 3ac collapsing, we have Harvard University and Sovereigns buying Instead of a hostile admin freezing Bank accounts a sulorrve government Instead of QT beginning it's ending It's exactly the same! Every new low is a stacking opportunity to those who aren't planning on retiring this year.

Necessary-Nature-380

You forgot the October 10 debacle which is the primary reason. None of the above constitutes a 25% correction for bitcoin, those macro events are nowhere near in comparison to the likes of FTX and COVID. Whales are selling off to fabricate fear... there doesn't need to be a reason for prices to drop. Just have a look who is in charge... and you can work out that absolutely nothing is real.

Natural_Rebel

Could happen, I remember after FTX it hit 16k and I thought it might be over and here we are. I am not really worried about it, if it goes down I will keep DCA and if it drops to the 50’s or below back the truck up.

RealEnnie

What about all that governments and CB that are about to buy or tries to dip toes? And all those institutions and ETF*cks? I know this long stretch but i think (and i know shit as everybody around) that some big buyers will see lower price as a great opportunity to step in therefore maybe it will not be that dramatic bloodbath as FTX. You know it is different this time around.

Odd_Tap2831

The next FTX will be a lot of these "treasury" companies biting the dust. I suspect we'll get the first ones early next year.

Ikki_The_Phoenix

Perhaps the macroeconomics has something to do with it? Pos-covid, FTX crash and stuff. Also, the AI hype and stuff.

coinfeeds-bot

tldr; Former SEC aide Amanda Fischer and Uniswap founder Hayden Adams clashed over the role of decentralization in crypto. Fischer criticized Uniswap's proposal to merge its Foundation with Labs and activate a fee switch, claiming decentralization was a regulatory shield. Adams defended Uniswap's decentralized marketplace and accused Fischer of supporting centralized monopolies like FTX. The debate highlights tensions over regulatory approaches and the evolution of DeFi governance, with Uniswap's proposal signaling structural change and maturation in the industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Ozyybabychild

Fear index is at FTX collapse and we’re on 95K. Ok sell ,

trillionSdollarstech

Maybe the selling is triggered by anxious traders who noticed that the DAT bubble is popping seriously hard and speculate that the corresponding cryptos must follow. 2018 crash was cause by ICOs, 2022 by FTX and friends, 2025 by the hypervaluatiom of DATs popping?

Wonderful_Fun543

Mount Gox, FTX for the why... "Wallet" is a bit of a misnomer, "offline key sign/storage device" is what is is. Firmware updates are semi frequent, so locking away for years may present issues, though a seed is a seed so recovery always exists. The only reason not to own one IMO would be either low capital portfolio (not worth the expense), skill barriers to usage (total noob), highly active traders with little/no dex usage. Possession is nine tenths of the law.

LakeZombie09

After the FTX debacle. I ignorantly bought 10k at 22$. Sold at $200. Pure luck and I won’t be dumb enough to capitalize again so I prolly wouldn’t buy ha

Morningrise22

This is peanuts in comparison. The FTX collapse was way worse. A large handful of these projects wouldn't be doing this if they knew they'd fail Corrections, FUD, etc. are all just opportunities to buy it on sale. So done with paper hands crybabies

harvested

Haha, no, you guys are just a dime a dozen here, gets tiring. What hole did you poke? 67K (market was bought down by corruption at FTX and others and rapid fed rate hikes BTW) to 126K is 88% in what, 3.5 years? Add in the DCAs throughout the deep bear and you're way above that, many stack more aggressively during dips too. I am not sure "the gotcha" you're claiming.

ihatework93

And we thought $19k was the bottom and then FTX happened and we crashed to $15k 😢

harvested

Banks are relying heavily on the Fed’s short-term borrowing facilities, a clear sign of tightening cash across markets. When liquidity dries up, risk assets like Bitcoin are typically sold first. The recent government shutdown worsened the strain by pausing federal spending. With no new inflation or labor data before the December Fed meeting, rate cuts are now less likely. Also.. Concerns are also rising over AI-related growth, driven by circular financing among a few large tech firms and their suppliers. Then you add in a decent chunk of the supply is under water at these levels, and people have concerns about the 4 year cycle (I think it will break/has broken). Like everything, this will pass. Sentiment seems worse than the FTX lows. Happy stacking or selling or trolling!

Simke11

No its not, ‘22 had Luna, Celsius and FTX, and price went down 78% from ATH

Sea_Variety_1691

2022 was also the worst year in the market in general since 2008 + FTX/NFT bs. The drawdown for just the BTC cycle by itself is probably a lower %.

VariatCA

People still just have this assumption that BTC/Crypto is "supposed" to crash every 4 years like clockwork, for... reasons they can't even explain lol. Like in 14 years of BTC, there are two coincidental data points that support a "4 year cycle" (and what did we learn in school, if not that two data points do not equal a trend), and we've got 2021 that literally got interrupted by a completely outside influence of a Global Pandemic. You remove Covid from the equation and its affects on the global economy, particularly U.S. inflation, and that 4-year-cycle theory would have died out back in 2021 as it just kept trotting along. (Though eventually, Luna Terra and FTX probably would have collapsed and caused a 6-9 month downturn in Crypto anyways).

Enough_Possible9023

Don't forget the Democrats got 10's of millions of dollars by FTX. It seems our government uses is like a siege hustle to extract cash from the working class. There's a theory that Nakamoto is the CIA running another psyop on us.

BigDeezerrr

Sentiment hasn't been this bad since FTX collapsed and Bitcoin was at $16k. Usually means it's time to buy.

SignalMaster5561

When the first etf goes bust and the fund managers get in zero trouble people may feel differently.  Mt Gox and FTX were both too big to fail also. That being said I do have a portion of my retirement portfolio in a Bitcoin etf so yeah I’m a filthy hypocrite 

JeremyLinForever

The power doesn’t lay with so few. With Bitcoin, it actually disperses more and more. For every Bitfinex collapse and FTX collapse, there’s 20 other new institutions that are fighting over the same amount of BTC. But posts like these are great as a buying signal so thanks!

ChrisWitcherOfWealth

hmmm The FTX drop was only like a 5% more ontop of the -75% last bear market. Black swans don't really have any impact to the 3 bull, 1 bear, 4 year cycle, programmed by satoshi with halvening.

Lilkongt

Be cautious with your goal of 30k. Doubt it will drop anywhere near there without black swan event like an FTX collapse 

Kevin3683

I regret using Celsius, Voyager, and FTX.

________Mr_Bojangles

Amen 🙏 Your exactly right ! Crypto has such a bad name.. From silk road to FTX. It makes it hard for us legitimate investor's and even more frustrating when trying to show the positives of crypto when multiple frauds are exposed 😳

Future-Bet4783

FTX onboarded more retail than Coinbase did

WickedLordSP

One reason is that retail stopped buying crypto after Luna/FTX. It scared too many people to make their savings in their crypto account. Since then investors, banks and corporations are buying and they make boring pump/dumps to shake impatient regular retailers.

StrangelyBeige

Let’s be date, It’s been a bear market since Oct 10th, though but we might not see huge dips like we did post FTX, I can believe that 90k could even be a bottom for BTC. Dangerous to be in Alts in this phase though.

_Keelo_

Since China was obviously vocal (/s /s /s ) about defending the common mans wallet when FTX or Mt.Gox or anything else for that matter crashed. It makes perfect sense that China would Defend the common man again, as they always do ( /s/s/s/s) and be vocal about the return of these coins as well to the common man and obviously not china itself. China's just thinking of the common man. they totally had no connection to this whatsoever and totally aren't doing this because they want their coins back. It's just pure altruism from the worlds largest human rights oriented group in the world. Nothing to see here. /s/s/s/s/s/s/s/s/s/s/s/s/s/s/s/s/s/s/s/s

Alimakakos

I'm sure a lot of ADA ALGO DOT ATOM MATIC and the like are feeling bad...but not as bad as the FTX and Voyager and Luna guys!

kissthesky303

Yup. It stopped being exciting at the Luna/FTX crash, and I wonder how I hold on to it through the following years of an absolutely blatant shitshow. Currently consolidating and on the way out. Maybe going on BTC only in case a serious dip gonna come, but that's it for me.

Digital_Oceans

China ban, FTX, Mt. Gox… ETFs… MicroStrategy