Topic: Love the bad news (Read 528 times)
That's exactly what I said a few weeks ago when bitcoin was doing a little correcting to save some more potential to reach the higher levels. I actually love the bad fundamental news about bitcoin in this situation because any bad fundamental news can make the price decrease for a bit and during this time the market will give us some discount to buy bitcoin with cheaper price. We much be a buyer when everyone is panic selling.
I am not sure if bad news is really what you want to be hearing. I understand exactly what you're saying here though. You want stuff to come up in the news where people who are less savvy/educated on the topic will sell so you can then go buy low. I feel you there, and wish for the same in all investments I believe in..but sometimes bad news is just that, bad. Some bad news could damage bitcoin in a very harmful way so I would be careful in saying you "love bad news', because not all bad is good.
You want to be selfish 
how will you feel if you are part of the people that will lose their coin due to the hack. I've experienced this although not on exchange but on MEW and I know how it feels to lose something you worked for. It is true the price will drop due to panic sell but someone like you want to take that advantage in order to buy more coin 
maybe most of them have experienced losing their coins just like you, of course it is very painful what's more, it is a coin that we save to use for development with trading, but lost is taken by people. Your lost incident in MEW is the same as mine, so I have to change it again, but now I don't use a private key but with a JSON file, so there is better protection. because if you use a private key it is very prone to be recognized compared to the JSON file. how will you feel if you are part of the people that will lose their coin due to the hack. I've experienced this although not on exchange but on MEW and I know how it feels to lose something you worked for. It is true the price will drop due to panic sell but someone like you want to take that advantage in order to buy more coin but it all ultimately depends on what we do not to be careless because usually it is mostly due to our own fault.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett
The irony of the quote is that Mr Buffet even forgot to apply his principle on Bitcoin and bought it big a decade ago when most people were scared and called it a bubble 🤷. It goes to show that even doctors don't like taking their own prescription.― Warren Buffett
Buying during panic sale is what defines sensible risk and unnecessary risk. Sometimes one may be buying into a total dump where project teams are exiting (unnecessary risk), thinking it's a correction or the act of weak hands (sensible risk). Whether hacks or not, tokens will always pass through price crash from time to time and it's never an easy decision buying during a crash in price because you may never know why the crash. That's why it's VERY important yo DYOR before buying any token.
I don't think that hacks could create such thing for me this is the same as FUD and it doesn't work well now.
Investor would wait for the hackers to sell to buy it I don't think that they would try to join and sell their holdings because of such news.
And it isn't easy when the price drops down investor would be careful on their next move not just jump in and try to pump the price,
They would be worry if it would recover or if it would continue to fall.
P.S but I do get your point no matter what kind of news it is we have to accept it.
Investor would wait for the hackers to sell to buy it I don't think that they would try to join and sell their holdings because of such news.
And it isn't easy when the price drops down investor would be careful on their next move not just jump in and try to pump the price,
They would be worry if it would recover or if it would continue to fall.
P.S but I do get your point no matter what kind of news it is we have to accept it.
Totally get your point buddy. Always see an opportunity no matter how dire the situation is. Although that best applies to bitcoin, I don't think that ever applies to most coins in the market, especially those that don't have a solid following to begin with. This is why rugpulls are devastating to an investor. You're literally left with nothing to begin with and the guy who pulled a fast one on you is happy with the money he stole.
Well it is a guarantee to withdraw all the coins from an exchange whenever a hack happens anyway, but directly selling is a bit overreactive to this situation if your money is in the safe hands which is your own storage (could be hardware wallet or anything where you hold the private keys).
It is not always the case though. I remember the news back then when Binance was reported to be leaking data and it still pumped the price of BTC a little bit.
It is not always the case though. I remember the news back then when Binance was reported to be leaking data and it still pumped the price of BTC a little bit.
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
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
You definitely need to be careful, do your research and have conviction when choosing to invest with anything. As you see plastered all over brokerages these days - past performance may not be an indicator of future results. If you own index funds then a recovery is pretty much guaranteed, however if you own individual company shares - like buying into Gamestop during it's recent peak, you might end up waiting forever to make your money back and you need to hope they don't go bankrupt in the meantime. You quoted Warren Buffett who was primarily talking about the stock market and crypto may not be a similar comparison. Companies produce products or services which they sell to produce an income, with cryptocurrency you're just hoping to sell it at a higher price than you bought in to make any profit. "Parabolic" is also an overly emotive term and trying to make money too quickly is where lots of people go wrong. Aim for a slow and steady approach to wealth generation, if you make money too fast it is very possible that you'll lose it all with the same speed.
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
This is so selfish if you think it is awesome when an exchange gets hacked and the price drops. What if you were one of the users affected by the hack? What if you lost all your coins in the exchange due to the breach? Would you like that? Would you still be happy when the price drops? No you won't, unless you are some sort of 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
With the current market trend going up rapidly, hacking of a large exchange is only a factor in slow growth. Buy the dip is my way of wealth. In my recent experience hacking exchanges only causes the market to increase in price even more. Bad news is also a way for exchanges to cash out those who are in a Long position in derivatives.
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.
I don't remember this at all actually. I thought it was just the bad news about China banning Bitcoin again in 2017 plus all the forking business going on with civil war supposedly tearing up the Bitcoin community (plus the usual energy expensive mining activity that was causing global warming hahaha).
You're right though. I like bad news. Keeps our market healthy:)
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
In short, if you see a bad news in the internet then that is the best time for us to accumulate Bitcoins and other altcoins.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
I agree with what you said though that people are quitting in investing whenever they occur losses in their initial capital which is not a good attitude of an investor. As an investor especially in crypto where it is volatile, you must be ready with the movements of Bitcoin and other altcoins.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett
One of the most popular quotes in investing but unfortunately, not all of the investors are doing this thing. Most of them are panic selling when they see the market is down and FOMO'ing when the market is up ― Warren Buffett
. Newbie investors are the ones who are doing this kind of thing that is why they are ending up losing their money.
I don't really get the fact or point you are aiming at. Should we be happy because the exchange price is down and the fact that hackers are active or.....
If the market gets a big drop because of a hack or other negative news, I think that is the biggest moment for the investor to buy bitcoin because that will be the time for the price to drops.
If you are not panic because of that bad news, you can use it for your own benefits because that will be the discount time to buy any coins, especially for the potential coins such as bitcoin, ethereum, bnb and other coins.
But if you follow the others becoming panic, you will not see the sign to buy the coin as you only think about how you can save your money instead to invest more.
We have our own choice of what we should do related to the current situations, but I hope we can manage our emotion before we do something.
If you are not panic because of that bad news, you can use it for your own benefits because that will be the discount time to buy any coins, especially for the potential coins such as bitcoin, ethereum, bnb and other coins.
But if you follow the others becoming panic, you will not see the sign to buy the coin as you only think about how you can save your money instead to invest more.
We have our own choice of what we should do related to the current situations, but I hope we can manage our emotion before we do something.
There are something you cannot take or manage in the market until you find solution to that particular thing before you can rest your mind.
There are many factors to consider before you manage to take all the necessarry actions and allow yourself
to chill out and take your opportunities.
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During the pandemic many bitcoin users where busy rushing to sell their coins because of what they heard that bitcoin price will dump after pandemic.
Sad true, there are worried holders who sold their assets thinking that the market will dumped with the pandemic.
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Bitcoin price just hit $60k, but those who fail to do their research very well concerning the bitcoin price regret at the end of their transaction.
Lots are regretting as the market do the sideways instead of dumping, more on pumping up!
Of course, everyone should take advantage of every situation, not just crypto exchanges hacks, there are news that can down the market, for instance the covid-19 scare last year. If average joes and institutions have bought bitcoin that time, then for sure they are in the profits as of today. But since we are in a bullish cycle, then bears should wait, don't try to short bitcoin as you will get REKT.
It is true that I experienced it when Covid 19, the drop in the price of crypto in the market dropped drastically, so at that time the confidence in crypto initially declined, but a few months later in late December Bitcoin proved it by sustaining the initial surge that made people views on crypto start to rise. restoring and trusting crypto is one way to save assets. on the other hand, hacking exploits the current condition as if playing with prices. there is their interference behind all this.
We haven't seen a 50% drop for a long while. I think the last time it was when USA announced a covid lockdown in 2020
Of course there will be another 50% drop but waiting for it means missing opportunities along the way. We could be up for another 8 months of bull market, you can never really tell until it happens.
I placed a small bet on the PI cycle yesterday and shorted 10% of my bitcoins at the top and it was a decent choice, but I have to say my hopes were higher. It looks like buyers are still strong and the bull market isn't going to end. I'll give it a few days and probably end up buying it all back as we go back up towards 65000.
Of course there will be another 50% drop but waiting for it means missing opportunities along the way. We could be up for another 8 months of bull market, you can never really tell until it happens.
I placed a small bet on the PI cycle yesterday and shorted 10% of my bitcoins at the top and it was a decent choice, but I have to say my hopes were higher. It looks like buyers are still strong and the bull market isn't going to end. I'll give it a few days and probably end up buying it all back as we go back up towards 65000.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett
"[Bitcoin] is probably rat poison squared"
― Warren Buffett
I don’t think embracing bad news like this is very helpful and can be taken advantage of. We should always consider the consequences of the circumstances. I highly understand the logic, but it doesn’t apply to the example provided. Why?
If in case of exchange platforms are hacked, it's indeed the price will go down and some might pull out their funds in the exchange or it might the whole cryptocurrency market itself will collapse too.
But the reason?
That's something you should fear. If in case most reputable exchanges have been hacked, that is a very scary threat to Cryptocurrency’s Reputation and will scare out new investors and removes the trust they built with existing ones. Do you think this is helpful? In my opinion, No.
If in case of exchange platforms are hacked, it's indeed the price will go down and some might pull out their funds in the exchange or it might the whole cryptocurrency market itself will collapse too.
But the reason?
That's something you should fear. If in case most reputable exchanges have been hacked, that is a very scary threat to Cryptocurrency’s Reputation and will scare out new investors and removes the trust they built with existing ones. Do you think this is helpful? In my opinion, No.
Well, that's only applicable if you have some extra stablecoins that could be used to bought BTC but if the FUD has been done that your main balance was into BTC and alts that could be sometimes catastrophic.
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. 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
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.
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.
"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.
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.
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.
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 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?
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..History repeats itself and the price wil lgo parabolic again
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. ― Warren Buffett
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.
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.
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. legendary
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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.
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. 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
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.
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.
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.
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.
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.
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.
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. 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
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
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.
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?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
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.
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.
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.
Big exchanges being hacked are not going to cause a 50% drop, at best it would be a 20% drop and that only depends on the ongoing trend of that time for example if price was shooting up already we may not even see a drop.
There have been big hacks in the past that din't cause any drops at all even though people were dying to see them. In other words instead of sitting around hoping for a dump to buy you should have bought already
There have been big hacks in the past that din't cause any drops at all even though people were dying to see them. In other words instead of sitting around hoping for a dump to buy you should have bought already
That makes traders and investors panic and close their trade or sell their coins because they don't want to lose. But for some others, they will think that the best time to buy more is coming, and they should use that time to buy as many amounts as they can and hold it until the price can increase. But the panic moment will happen temporarily, and the panic traders and investors realize that they did the wrong thing, and they start to repurchase the coin.
If you can calm down and hold your emotion in the bear trend, you will not lose the opportunity to buy the coin, and you will get the time to buy low for the coin.
If you can calm down and hold your emotion in the bear trend, you will not lose the opportunity to buy the coin, and you will get the time to buy low for the coin.
legendary
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New traders panic when the assets they own experience a drastic reduction and their intuition is to avoid further asset losses due to the bloody market. This could be because their entry point is when several candle sticks are green, and actually the price correction is going on in front of the face. Winners are those who hold or add value to their assets by buying some additional crypto when the price is completely discounted. Meanwhile, the loser is he who is carried away by emotions and only thinks about his current financial condition, without considering market conditions in the future.
Various price patterns after the cryptocurrency exchange hack are predictable and always repeat themselves. In fact, this has become a tradition like the Bitcoin halving.
Various price patterns after the cryptocurrency exchange hack are predictable and always repeat themselves. In fact, this has become a tradition like the Bitcoin halving.
What's the main fact behind this logic? Logically, price should also go up as a hack means some amount of coins are in control of the hacker who is unlikely to sell instantly as they have to go through a lot of hassle to ensure they are not leaving any tracking.
Well, this is also true that hack has a significant affect, price drops are almost guaranteed. The more volume of hack happens, the more drop to come.
A study on hack and price drop
If the hackers don't sell it immediately then the prices would probably stabilize or stay the same since the stolen amount is still on hodl. I do agree with OP in regards to this but market opinion is a vital thing to follow because they are the ones that move the market so be careful when you are greedy when others are fearful and vice versa. Well, this is also true that hack has a significant affect, price drops are almost guaranteed. The more volume of hack happens, the more drop to come.
A study on hack and price drop
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
Yeah, this line is a bit common piece of advice but not all are pretty aware with this line which is really helpful for you as a trader or investor but even though you are 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
fully aware with this advise but when you are already on the actual situation then its really hard to make out some buy if you do see a declining market.The main
enemy of yours on this kind of time is your emotions.You wouldnt really able to avoid those have doubts where you do have impressions that it might go even more.
Bottom is unknown and you would really be scared to buying if you dont have any basis.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett
Losers on the market don't do this. They do the opposite and often being greed when everyone are greedy and the market is on the max limit of hype. They join the market when it is very close to its crash points.― Warren Buffett
After join at the top, see flash and terrible crashes, massacres massively on the market, they shake hands and sell at bottoms in panic mood.
They look back again and again, blame the market and bad news for all of losses they made.
The winners on the market are happy with bad news as they will be given free dips to buy discounted cryptocurrencies.
I mean, that's always (maybe not, but most?) the case for people who get rich. 1% effort and 99% luck, though I don't really underestimate that 1% effort since that was what caused them to get that 99% luck. Timing is the greatest factor for one to get rich, heck not even a hack, just look at what happened last year in March, that could be said to have been the perfect entry point, considering that a year after, the price was 10x what it was, getting you that much profit, compared to others who held on and invested a bit later or even earlier, they'd only get 4-5x.
Actually this kind of news would strongly discourage new investors to adopt bitcoin, as they would see it in an unsafe way to store their money. And if this hypothetical hack involved a big exchange the consequences would be even worse, as another main exchanges would suffer mass cashout. I don't like the strategy of taking advantage from the chaos and from others' suffering to make profit and I hope something like this never happens anymore. There are more healthy means to grow crypto holdings without expecting a messy situation like this to happen.
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.
(....)
This kind of news seems to be already aged now, we already experienced some of this for over the years.(....)
Additional is this incident could also depend on how much the volume of the exchange got, and for sure the huge volume exchange has, a huge effect on price.
Some of the exchanges already have "insurance", where this insurance came from trading fees of the users on the platform, which for me it is kinda good and safe for everyone.
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.
I'm not really sure if we are going to see 50% drop just because a major exchange is hacked. Binance was hacked like 2 years ago but the market didn't crashed.
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
History repeats itself and the price wil lgo parabolic again
There could be some investors specially newbies that might quit because they lost the money or they didn't see the crypto investment is not that easy. They always have that mindset that the price will go on parabolic rise. Then they got disappointed, but I'm sure those who quit are going to be back.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
Yeah, some people quit after all those worst situations before but why we are enjoying another Bitcoin's ATH day by day.
Not just with BTC but with other altcoins and tokens as well.
Take that instead as a positive side. If something bad happened, then take advantage of it rather than a crybaby.
I get that what you're trying to say is to see opportunity even in the direst circumstances that others would find hopeless. But your example just wouldn't cut it out in the real world. Realistically, hackers would have to go to a very painstaking process in order to just cash out one of their stolen goods, the same may not be applicable for user hacking, but for something as big as an exchange, you cannot expect a price drop that drastic unless the hackers are deliberately trying to get themselves caught.
In crypto timing is everything, as long as you know how to control your emotions and not letting emotions control you. Real holders don’t care about the market emotions and stress they always focus on longterm once they realise the potential of an asset.
That's a nice saying but an exchange hack would not result to a big drop of 50% of the current price, maybe it's possible if Binance will be hack and their SAFU could not cover the loses anymore, but I'm not hoping for that. Even without bad news, bear market will come as correction will come, it's just that we don't exactly know when it will happen, so keep your hopes high, it will just come.
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
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
Of course, everyone should take advantage of every situation, not just crypto exchanges hacks, there are news that can down the market, for instance the covid-19 scare last year. If average joes and institutions have bought bitcoin that time, then for sure they are in the profits as of today. But since we are in a bullish cycle, then bears should wait, don't try to short bitcoin as you will get REKT.
Well, this logic is for the investors who wanted to invest but unfortunately --they can't because of the bear market.
They are waiting for the bad news and hoping that the market will be going down so that they can step in to invest in the cheapest price. Greedy people are those being FOMOed and perhaps others are the panic seller when they heard such announcement that the major exchanges were hacked.
We know since then about the FUD and this will affect those new investors that result of panic selling --but those who already understand how bitcoin works always have ATH, and they will hold whatever bad news it is.
They are waiting for the bad news and hoping that the market will be going down so that they can step in to invest in the cheapest price. Greedy people are those being FOMOed and perhaps others are the panic seller when they heard such announcement that the major exchanges were hacked.
We know since then about the FUD and this will affect those new investors that result of panic selling --but those who already understand how bitcoin works always have ATH, and they will hold whatever bad news it is.
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
Yeah, this line is a bit common piece of advice but not all are pretty aware with this line which is really helpful for you as a trader or investor but even though you are 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
fully aware with this advise but when you are already on the actual situation then its really hard to make out some buy if you do see a declining market.The main
enemy of yours on this kind of time is your emotions.You wouldnt really able to avoid those have doubts where you do have impressions that it might go even more.
Bottom is unknown and you would really be scared to buying if you dont have any basis.
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What's the main fact behind this logic? Logically, price should also go up as a hack means some amount of coins are in control of the hacker who is unlikely to sell instantly as they have to go through a lot of hassle to ensure they are not leaving any tracking.
Well, this is also true that hack has a significant affect, price drops are almost guaranteed. The more volume of hack happens, the more drop to come.
A study on hack and price drop
Well, this is also true that hack has a significant affect, price drops are almost guaranteed. The more volume of hack happens, the more drop to come.
A study on hack and price drop
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
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
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