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Topic: $615 @bitfinex and things are becoming more interesting once again. (Read 515 times)

legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
About time, I don't know why so many people panic dump when something happens to one service. It's always the best time to buy because the price naturally gors back to what it was.

it is mostly because of the manipulations.
when a big hack like bitfinex happened, there is obviously some small panic in the market but so many traders know this so they sell faster and that creates more panic and by the time the sales has begun the panic is at the top of itself and now everybody is selling and hence the big drop but since all those traders who sold the first chance will start buying the drop stops just as fast hence the one day drop.

Yes price seem to be getting back before hack level, but there are still some panic sellers who are shorting out right now. If this rise become consistent  we may see $700 soon after long time.  Grin Cool

i wouldn't be super excited yet. this is good sign that 605-610 is stayed for now but i wouldn't speculate much until it becomes more clear.
legendary
Activity: 1120
Merit: 1008
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Yes price seem to be getting back before hack level, but there are still some panic sellers who are shorting out right now. If this rise become consistent  we may see $700 soon after long time.  Grin Cool
hero member
Activity: 1470
Merit: 655
as i said before the stable low price was only temporary and we can see now that bitcoin price has already started to move back up again.

it is $615 on bitfinex by the time of posting this message.

and remember that this is only going back to the real price before the bfx hack and the panic sells. and by that time we were on a rise.

Yes the finex hack caused some panic and overreaction in the market.
I'm sure we will be back to prices of 630-650 pretty soon.
And with more and more time passing by more people will come back to Finex.

bitfinex recovery is one of the strangest things in the world of bitcoin, at least for me it is.

they got hacked and lost a massive amount of bitcoin and then after a very short time they came back and the exact day they came back online they went to the top of the ranking in daily trade volume!!! and they are still on top 5 at least.
legendary
Activity: 3556
Merit: 9709
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About time, I don't know why so many people panic dump when something happens to one service. It's always the best time to buy because the price naturally gors back to what it was.
legendary
Activity: 1442
Merit: 1016
as i said before the stable low price was only temporary and we can see now that bitcoin price has already started to move back up again.

it is $615 on bitfinex by the time of posting this message.

and remember that this is only going back to the real price before the bfx hack and the panic sells. and by that time we were on a rise.

Yes the finex hack caused some panic and overreaction in the market.
I'm sure we will be back to prices of 630-650 pretty soon.
And with more and more time passing by more people will come back to Finex.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
as i said before the stable low price was only temporary and we can see now that bitcoin price has already started to move back up again.

it is $615 on bitfinex by the time of posting this message.

and remember that this is only going back to the real price before the bfx hack and the panic sells. and by that time we were on a rise.
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