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/biz/ - Business & Finance

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52366093 No.52366093 [Reply] [Original]

There may not have been one event the size of FTX but the culmination of everything else far exceeds this bear market imo. Personally I lost close to 250k on cryptopia and still managed to be up 600k overall, so chill out suicide fags. Also back then there tons of smaller exchanges and all of them either rugged or were hacked. Also let's not forget all the cross armed Asian scams that happened. It was a literal purge of everything, I may have missed some moonshoots with newer coins but still made out pretty damn good just going with ones that survived fans. Same needs to happen now a massive purge of bullshit exchanges, shitcoins, defi, and nfts. Room needs to be made for new scams and the expansion survivor coins.

>> No.52366144

>>52366093
I don't think you understand how bad this shit is

>> No.52366169

>>52366093
I dunno man this feels pretty worse, but that could be because of my personal situation I guess. This feels more like 2013 when Gox collapsed but much worse, it erodes trust in the space and makes normies want to have nothing to do with it.

>> No.52366173

>>52366093
it's not ogre

>> No.52366225

>>52366144
Maybe you are right, maybe I don't feel the same as all these newfags because I already went through all those emotions back in 2018. But legitimately people thought crypto was over in 2018. Alot didn't buy 3k cause they thought 1k and 3 digits or btc death were all viable options.

>> No.52366288

This bear is *far* worse accounting all things, In 2017 we got insane bull run with zero infrastructure, In 2021 we got the weakest bullrun imaginable (so weak we're already in 2017 levels kek) despite having x100 the infrastructure.

BTC is now down -79% from ATH despite only pumping x3 from previous ATH.

In 2018 BTC crashed -84% from ATH but after pumping x20 from previous ATH.

It's not similar at all, The dump per genuine value in this bear market been x10 worse, And the bleakest thing about it all is that the bear market market structure look even worse than the may-nov 2021 bull market, the top 15 look more retarded today than it was a year ago lmao

>> No.52366291

>>52366169
From my perspective though 2018 did the same thing as far as normals losing trust in the space. In 4 years though a new set of young adults will come around and most will fall for the same thing as the previous set of normals did.

>> No.52366305
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52366305

>>52366093
no it wasn't