Topic: BITFINEX crashed, bitcoin price falls. Will it recover? (Read 3111 times)
i think the rate will recover for a while, maybe one weeks or two weeks. unless the hacker make dump in btc so this will make the rate is going down again. the rate now is slowly get stable and i hope it will be up soon. the bitfinex case yesterday make many people gets panic sell and this causes the rate gets down.
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.
This is an unlicensed exchange, I don't think it will do anything to harm bitcoin's attractiveness to new or current investors.
it will harm it because it was a big amount that was stolen from one of the biggest and most famous exchanges. i agree that it was just an unlicensed exchange but that is always harmful.
although i should mention that the effect is only temporary and not that big anymore.
probably the same as the case mtgox, when prices are falling. it will surely recover, but I do not know how long it takes, I hope that rapid rise, not too long at low prices.
the most important thing is the fact of how many coins there are stolen. if it's a relatively low number of below 1000btc, then i am sure the market will go up again. but if there are like 20,000-50,000btc stolen, then i think we won't see the price recover any time soon. let's wait for more statements from bitfinex.
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.
This is an unlicensed exchange, I don't think it will do anything to harm bitcoin's attractiveness to new or current investors.
Doesn't matter. It means that most of the people who were holding some btc here are not going to use it anymore. We lost thousands of users because of the hack, it will hurt btc and a lot.
You're absolutely right. I did a search on acceptance of different payment systems like PayPal, Amazon Payments, Apple Pay and so on. Bitcoins acceptance rate is at best one fourth that of other systems and at worst one 50th. Apple Pay is only used by a small group (24 million iPhone users), has been out for less than 2 years and already has 4 million users. Bitcoin has been out 6 years, can be used by everyone in the world and only has roughly 1.2 million users. Bad press has been crushing Bitcoin since its inception.
The idiots on this forum 3-4 years ago used to say, "any press coverage is good". Ask any businessman in charge of marketing and they'll tell you that good press coverage is good and bad press coverage is murder.
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.
This is an unlicensed exchange, I don't think it will do anything to harm bitcoin's attractiveness to new or current investors.
Doesn't matter. It means that most of the people who were holding some btc here are not going to use it anymore. We lost thousands of users because of the hack, it will hurt btc and a lot.
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.
This is an unlicensed exchange, I don't think it will do anything to harm bitcoin's attractiveness to new or current investors.
Depends on whether the hacker has stronger hands than the people who lost their BTC. This nothing compared to gox.
the "hacker" can't do anything other than to let his coins sleep for a very long time as all eyes are pointed at which way they go. he will most likely split all the coins in small pieces and run them through a mixer many times till the coins become somewhat clean and distract the attention away from the thief.
Depends on whether the hacker has stronger hands than the people who lost their BTC. This nothing compared to gox.
If it is only Bitfinex who is to blame in the current BTC price drop, then the value of BTC should return back to 600+usd in few days.
The BTC volumes of the trades were yesterday higher 3-5 times then usually because first somebody was selling a lot of BTC, and afterwards buying even more. Some people who paniked got rid of their BTC when the price dropped and at the same time some other guys used this situation)
The BTC volumes of the trades were yesterday higher 3-5 times then usually because first somebody was selling a lot of BTC, and afterwards buying even more. Some people who paniked got rid of their BTC when the price dropped and at the same time some other guys used this situation)
yeah its very bad effect for bitcoin that bitfinex happen , but i am sure bitcoin recover its value in few weeks too much faster , recently bitcoin are improving its price .
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.
yeah, no one is safe from it right now, in my opinion the price of the bitcoin is going to bounce back but if something like that happens again it will be hard
I see this as just another blip in the road and took the opportunity to add to my hodlings for a bit of a discount. I wouldn't even mind if the price continued to drop so I could pick up some more.
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.
We don't know if bitfinex will be able to get back the bitcoin, or if they see who is using these bitcoin so they can arrest him/them. It's pretty hard to believe how this drama will end but I think that for bitcoin to get back the price to $650+ will be needed from one to few months.
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.
I would highly recommend you do that. It's just not safe to have them on any exchange, and that's all theyre worth at the moment.
What I am a bit worried about is that finex still has open long/short positions (I think). Hope we don't crash hard again when they get closed 
Well if we compare to last year that there is exchange site got hack too i think it will recover again back this coming novemeber this is just my speculation but anytime the price can be recover soon..
Well maybe someone else will hack the site to send the same amount back in
No, they confirmed that 120k coins were stolen.
Nearly 120,000 bitcoins stolen. Stuff like this happening does not instill confidence in bitcoin. I worry about the future of bitcoin. Seriously thinking of selling mine.
so far there has been no statement from bitfinex regarding how many coins they have lost. don't believe everything you read online. people are out to spread as much fud as possible to get people to start panic selling like there is no tomorrow. just keep holding your coins. whalew want you to sell them. don't fall for it.
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