Topic: At what price we would be at if Btifinex disaster didn't happen? - page 6. (Read 5594 times)
August 27, 2016, 04:41:48 AM
It depends. If the price kept behaving like it is doing now (not moving much), then it would slightly drop due to people selling out of boredom, but not enough to make it tank significantly. We would definitely be sitting above the $600 level right now. And who knows, maybe we would have gone close to $700 again. We can only guess what might have happened.
August 27, 2016, 03:51:43 AM
The price was in decline before the hack happened, my guess is we would be exactly where we are now if it hadn't happpened. Doesn't change my mind that Bitfinex should be shut the fuck down.
that is because they was selling before they made public the hack
no it would not be where it is but yeah it wouldn't be on this spectacular uptrend that as mentioned. August 27, 2016, 03:48:58 AM
We would be around this same price.
Bitfinex kept its funds in cold storage with Bitgo, and Bitgo should share in the blame as well.
The price was in decline before the hack happened, my guess is we would be exactly where we are now if it hadn't happpened. Doesn't change my mind that Bitfinex should be shut the fuck down.
Bitfinex kept its funds in cold storage with Bitgo, and Bitgo should share in the blame as well.
August 27, 2016, 02:00:17 AM
I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid as dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.
Actually i don't think so thats all because of Bitfinex happened and than bitcoin down, but i accept it litter bit Bitfinex affect on bitcoin price, but i believe that was a time to start the bitcoin down, because halving already give us a profit, and many peoples sell their bitcoins so bitcoin was mustly down if Bitfinex happen or not.
The price dump happens on the day when bitfinex got hack many people got panic and sell their all btc because they know that price would falldown since the hackers stole a lot of btc and anytime if they dump the price will gonna go down and that is currently happening now, and if bitfinex didn't get hack i think provably the price of bitcoin will go to 800$-1000k$ and we provably go down stable at 700$ but things are just happen and it is a relief that bitcoin is currently stable at 550$+ -600$ in price nowadays.
August 27, 2016, 01:33:34 AM
according to my predictions if it does not happen the scenario price is currently at $700 and the end of the year could go to $800-900.
but good enough bitcoin prices were able to recover, though not much at least I am glad the price does not fall below $500
but good enough bitcoin prices were able to recover, though not much at least I am glad the price does not fall below $500
August 27, 2016, 12:45:06 AM
I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid as dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.
Actually i don't think so thats all because of Bitfinex happened and than bitcoin down, but i accept it litter bit Bitfinex affect on bitcoin price, but i believe that was a time to start the bitcoin down, because halving already give us a profit, and many peoples sell their bitcoins so bitcoin was mustly down if Bitfinex happen or not.
August 27, 2016, 12:36:31 AM
But did the hacker try to dump all of the stolen funds? if so then we could be @ $700 by now.
Because the coins were there and only the news about the hack changed the prices not the hacker actually selling and dumping all at once.
How ever I'm not sure if they were dumping all at once?
Because the coins were there and only the news about the hack changed the prices not the hacker actually selling and dumping all at once.
How ever I'm not sure if they were dumping all at once?
August 27, 2016, 12:28:07 AM
I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.
i think somewhere between $600 and $650 and nothing more. because the bitfinex hack only caused a temporary dump which only took like 2+ days to recover and since a resistance shaped up at $600 we couldn't break it yet.
also before the hack (the day before it) the price was going down a bit reaching $600.
this is why i think the rise is on the way but we are not ready for it YET.
August 26, 2016, 11:29:32 PM
I personally think we might be hovering just above $600, but I don't think it would have been close to the $625-ish value it was at a few months ago. There was already a slow downwards trend and while it was far less aggressive than what happened after Bitfinex, there was still a trend that has to be acknowledged. Add about $30 to the current value and that's probably where we'd be.
August 26, 2016, 11:27:25 PM
I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.
There was a lot of hype about the halving and we had a run up in price before the event. With that hype fading away, the price was on a downtrend and would have decreased even if the Bitfinex hack didn't happen.
August 26, 2016, 10:42:58 PM
To be honest, even without the hack of Bitfinex we would have seen the price go down with the current selling pressure. It wouldn't go as low as it has gone due to the hack, but maybe the lowest point would be slightly below the $600 level. In that aspect I think the current price is not that far away from what is reasonable.
no i dont think so. it is just the hack to be blamed. you maybe right that the price could have also gone down due to the selling pressure but i dont believe that selling pressure could make the price go as down as of now. remember the 660$ days ? i hope it comes back again very soon. August 26, 2016, 08:19:04 PM
The price was in decline before the hack happened, my guess is we would be exactly where we are now if it hadn't happpened. Doesn't change my mind that Bitfinex should be shut the fuck down.
August 26, 2016, 07:15:37 PM
About a dollar fifty?
August 26, 2016, 07:00:36 PM
To be honest, even without the hack of Bitfinex we would have seen the price go down with the current selling pressure. It wouldn't go as low as it has gone due to the hack, but maybe the lowest point would be slightly below the $600 level. In that aspect I think the current price is not that far away from what is reasonable.
August 26, 2016, 02:07:10 PM
I think price could have been at well above 750$, this bitfinex hack is just shit for all bitcoin holders. Internal staffs of bitfinex seem to sell all their bitcoin before releasing notice that also drag market more down from late panic sellers.
August 26, 2016, 01:39:17 PM
exactly the same my friend 
could just have taken some more time
could just have taken some more time 
August 26, 2016, 01:38:26 PM
It would be somewhere between 650$ and 700$. 600$-650$ if you are a pessimist. It wouldn't have stood there too long though, something bad would happen eventually if not bitfinex it was. If nothing were happened, then people wouldhave dump edwhen it reached a new high.
August 26, 2016, 01:31:11 PM
I think 700 or 800 value this is what i think the easy goal to reach when the price is 600 level.
But i think the price will increase again back but it takes a long time again.. my estimate november or december we will see that the price will hit at 600 value again or more..
But i think the price will increase again back but it takes a long time again.. my estimate november or december we will see that the price will hit at 600 value again or more..
August 26, 2016, 01:25:49 PM
I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.
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