Love the bad news - page 2. | Bitcointalksearch.org

andthereyou

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Quote from: Trixoempire on April 14, 2021, 04:02:47 PM

If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

Some people quit because they could not afford to lose anymore especially those people who has many mouth to feed or something similar. Unlike people who has extra money to lose they can add more money and did not have to worry even in worst case scenario.

bittraffic

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Activity: 3038

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Come a time when even when there was a scam that prices are going down because the scammers are dumping the coins, right now it's different because it seems like there are rich individuals are buying the coins all the time in the market.

Although now that I have some funds to buy at least 0.2BTC I would actually want the price to temporarily downtrend a bit before it will go up again.

cheezcarls

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Looking for gigs

I think any bad news had no to very less effect on the cryptocurrency market right now. Every time the market pulls back, it pushes even stronger because of its maturity. Not like in the great hype of 2017 and the great crash of 2018. It’s a great opportunity for us to buy back at cheaper price, because we may not when we will be ever seeing this affordable price again.

galestorm

sr. member

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Futurov

"Cryptocurrency exchanges come and go, and it's almost inevitable that an exchange will get hacked at one point or another. While cryptocurrencies themselves are very secure, exchanges can be affected by a variety of vulnerabilities, making them a prime target for malicious actors. State of the industry – February 2020: As it stands, 2019 saw a record number of twelve crypto exchanges being hacked. That being said, across the board the amounts of crypto stolen were worth less. In total, $292,665,886 worth of cryptocurrency and 510,000 user logins were stolen from crypto exchanges in 2019." -selfkey website

An exchange hack will affect the price, it all depends on what the hacker will do with all the coins that he/she has stolen. Nonetheless, the bear market is a perfect opportunity to buy some coins, specifically bitcoin and ethereum.

mbe48

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This is one of the news that I think is very good for potential new players who are just investing in Bitcoin. But if we look at the factors at the time of Covid-19, the Bitcoin price continued to rise and reached a new ATH. In conclusion, the more people who are interested in buying Bitcoin, the supply will decrease, the more idle the supply will be limited, because the more limited the Bitcoin price will continue to be high. If the price decreases, it's from bad news that causes panicked selling.

rodskee

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Quote from: Trixoempire on April 14, 2021, 04:02:47 PM

If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.

Some kind of a joke Grin

When was the last time that there comes an exchange hacked and the price of coins falls down by 50%.

Quote

People tend to quit then instead of invest.

Whaaaaaat? Huh

people quit when the market fall? lol that is only You and people like you.

Quote

Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again

We do..

But you? I'm sure not.

Quote

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

I have read this over and over from the past but thanks for recalling us now.

maxreish

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Fundamental analysis, probably a good news or bad news will somehow affect the price of bitcoin. But when it suddenly dump and you are about to sell your bitcoin, panic sell will gonna happen to those who do not know how to handle those sudden sideways or sudden market moves.

Their is always a choice of holding and keeping it and more accumulation of btc if given an opportunity like that of OP's sample scenario.

elisabetheva

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Quote from: Mamun74 on April 15, 2021, 01:23:28 AM

Well,Everyone should take advantage every bad situation.Last couple of years no more hacking in crypto exchange.Many companies and many investor that are involved with bitcoin. You see, they are more advantage since 2018.I Think bitcoin price will keep it up.

all in the end also have to experience the reality let it be a bad thing when then leave it to be remembered, we now have to take advantage of the good opportunity at this time. because bitcoin has experienced a good increase and is very supportive for altcoins it can also reach the expected ATH. until the end of the year bitcoin will continue to increase, many investors and entrepreneurs take advantage of this moment and it may be difficult to find in the future.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Most of people afraid that after an exchange got hacked the hacker might dump the coin immediately and cause the market to shake but these kind of hackers most likely uses P2P that won't affect the market at all. I mean, the transaction could get traced and the exchange might put an eye to the coin movement from an address to another one and if they find out it's going to an exchange's address the account immediately frozen. It might be different if the coins that got hacked amounts to ten thousands btc or more but below that, probably won't cause panic selling.

Pom_bensin

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Quote from: Trixoempire on April 14, 2021, 04:02:47 PM

If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

That's real for now, some time ago there was a hacking issue that resulted in the crypto price going down. but I believe the decline is only temporary and and I think crypto will still rise even if there are any hacking issues or issues.

electronicash

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it's not 2017 anymore. there may be hacks, any exchange can be hacked but regardless of bad hack news, the bear market what you anticipate might not really cause a big drop of a price anymore. because it looks like Bitcoin is widely known now all over the world. every investor wants to get their hands with it and if the price drop to half right now, many will eventually grab their chance.

XZERO1

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Quote from: Trixoempire on April 14, 2021, 04:02:47 PM

If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.

Yeah, it would be great, but I'm pretty sure this crypto market is way more different than last year or years before that and I strongly believe even if one of the main exchanges was hacked it wouldn't impact the price as much as you'd expect it to, it would certainly not cause a 50% drop and that's for sure, crypto market is just too strong as of now to react too much to such negative news.

Not only crypto market is in a bullrun but the thing is that the huge price spike that crypto market had created a situation that now there are now tons of people waiting on the sidelines for dips to get on Bitcoin or altcoins and I really believe $3k, $5k or even $9k are very unlikely scenarios for Bitcoin price for a good while.

lienfaye

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In this situation only weak investors are likely to quit for not having patience or not used to seeing the market moving downward.

If ever there's a huge dropped in the future, the investors who will take advantage it more are those who dont have holdings when the bullish season occur (just like now). They probably regret not buying during correction and now hoping for a price drop to join the ride and hold.

History will repeat itself, we will encounter a bearish and bullish market again, however at this point, its hard to predict when can we see a drop in price since crypto is quite popular now unlike before.

doctor877

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it will definitely be a good chance to buy but only the brave can take a step as such. IMO i dont think there would be any hack that will cause such 50% in price drop at this time. there are other things that would cause price drops of such amount when the time comes while any hack news will just strengthen the dip.

Mamun74

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Well,Everyone should take advantage every bad situation.Last couple of years no more hacking in crypto exchange.Many companies and many investor that are involved with bitcoin. You see, they are more advantage since 2018.I Think bitcoin price will keep it up.

Banprox

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Quote from: Trixoempire on April 14, 2021, 04:02:47 PM

If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

Dropping a lot of price is good news for you when you want to invest and waiting for price dropping. Now you have no money invested in any coin. On the other hand dropping price is bad news for themselves who already invested a lot in different coin or a special coin. Price rising and dropping is a character of Crypto currency. But dropping 50% in every coin at a time, i don't think so.

davis196

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Quote from: Trixoempire on April 14, 2021, 04:02:47 PM

If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

I agree,but we live in 2021,not 2013 or 2015.
It gets harder and harder to hack a cryptocurrency exchange and steal millions of dollars worth of coins.
The market also reacts different to such news now.There's less panic selling and crypto exchanges have less control over the market prices.
I love bear markets too,but we will have to wait to witness another one.
I'm not quite sure that "history repeats itself".I'm also not sure that Bitcoin will keep forever being in a constant cycle of price corrections and new ATHs.

peter0425

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Quote from: Trixoempire on April 14, 2021, 04:02:47 PM

If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

50% just from the exchange Hack issue? can you show some example when this happens?

Why not make example like what happened in March 2020 when the Pandemic attacks and affect the market more than 50-60% in just 24 hours.

But I love that Quote, take advantage of the fearing from other investors.

yazher

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Activity: 2268

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You own the pen

This was the case last 2018 where a big Japanese exchange has been hack and just after a few hours after that news has been published, the price of the BTC in the market has dramatically subsided and it was almost a red market every day. But today, this kind of event will rarely happen because things have changed a lot since then. there are many companies that are involved in Bitcoins now and these guys are not playing around. As you can see, they are the main reason why the price has gained a historical All-Time High.

Kong Hey Pakboy

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Everything is a good news to you if you haven't staked a lot of money into something and you have a lot of money to buy these losing investment and turning it into a profitable one in the long term, I think that it is the only problem that everyone faces when they are investing, they don't have the money to buy even at the lowest point in time.

Topic: Love the bad news - page 2. (Read 528 times)