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Topic: PANIC BUYING !!!!!!! - page 2. (Read 29407 times)

full member
Activity: 136
Merit: 100
August 13, 2016, 12:59:39 PM
i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
But as we saw getting coins off the market does not have a good impact on the price if they have gone through hacking an online wallet.
sr. member
Activity: 1250
Merit: 295
Palestine
August 13, 2016, 12:34:57 PM
Cheesy 2018 panic selling 600 $  <3 btc but its too risky
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 13, 2016, 11:45:55 AM
i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.

As I have said in one of my earlier posts, we are likely already past that point in time when the amount of coins used for trading can grow substantially. Satoshi's coins are most likely dead by now (read lost forever), it is not even known for sure whether he is still alive and kicking today. The recent halving consequently halved the inflow of new coins to the market, the effect of which we have yet to feel in the future...

A few more hacks (or scams) of the Bitfinex scale, and there will be no more coins left to trade, lol
legendary
Activity: 896
Merit: 1000
August 13, 2016, 10:11:46 AM
i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth

getting coins off the market will definitely have a good impact on the price eventually, but well, these coins that are off the market right now, will at some point find their way back one way or the other. but then again, i am glad the reality is different.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 13, 2016, 09:52:15 AM
i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.

I'd say that the market would rather feel the lack of 120,000 bitcoins that got stolen at Bitfinex. In this way, if an exchange is hacked every month (okay, every other month), the price of remaining bitcoins would certainly hit the sky (and then the moon)...

And Bitcoin would become as rare as hens' teeth
hero member
Activity: 1638
Merit: 505
August 13, 2016, 09:42:56 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

I think people have already started to buy bitcoins again and that is the reason we are seeing slow price rise at a moment, and if it continues then we will reach $700 very soon.
some future time bitcoin prices may increase. many factors that influence it.
one of them the increasing use bitcoin among the world community.
we can take advantage here.
legendary
Activity: 896
Merit: 1000
August 13, 2016, 09:06:30 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

Yeah, i agree with you. As you can see, the price of bitcoin is increase and goes up again back to normal. I hope it will keep increase and make people keep buying bitcoin.

People will keep buying Bitcoin, but it takes time for this Bitfinex hack that shaked up the market to disappear to the background. And when we're fully recovered, we can only hope that this is the last time that such a thing happened. But unfortunately I am fairly sure that this isn't the last hack of exchange that we will see happen.
It seems that this is always the case. Some bad news, like hacking, seems to happen over and over. Although that keeps the price in check, it also makes room for a lot of doubts about how safe investing in bitcoin is. All the more reason for ordinary individuals to shy away from bitcoin, which is a bit sad, because they are missing out on the benefits it has.

Well, they don't know what's really happening. If an exchange gets hacked, it is not Bitcoin that gets hacked, but just a site where people can trade their coins. That's what a lot average joe people don't seem to understand. If something happens, then they think Bitcoin is hacked, which is of course not the case. The media plays a big role into making them believe so with their ignorant articles.

That is right. The Bitfinex hack has nothing to do with the bitcoin safety itself. But the dump of the hacked coin could drop the price.

i think we should worry more about the fact that mark karpeles still holds like 400-500k btc. the bitfinex hackers can't dump all their coins at once without getting noticed. they have to mix and sell their coins in batches of 5-10btc per time. with such a pace the market won't feel it.
hero member
Activity: 901
Merit: 500
August 13, 2016, 08:56:53 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

Yeah, i agree with you. As you can see, the price of bitcoin is increase and goes up again back to normal. I hope it will keep increase and make people keep buying bitcoin.

People will keep buying Bitcoin, but it takes time for this Bitfinex hack that shaked up the market to disappear to the background. And when we're fully recovered, we can only hope that this is the last time that such a thing happened. But unfortunately I am fairly sure that this isn't the last hack of exchange that we will see happen.
It seems that this is always the case. Some bad news, like hacking, seems to happen over and over. Although that keeps the price in check, it also makes room for a lot of doubts about how safe investing in bitcoin is. All the more reason for ordinary individuals to shy away from bitcoin, which is a bit sad, because they are missing out on the benefits it has.

Well, they don't know what's really happening. If an exchange gets hacked, it is not Bitcoin that gets hacked, but just a site where people can trade their coins. That's what a lot average joe people don't seem to understand. If something happens, then they think Bitcoin is hacked, which is of course not the case. The media plays a big role into making them believe so with their ignorant articles.

That is right. The Bitfinex hack has nothing to do with the bitcoin safety itself. But the dump of the hacked coin could drop the price.
legendary
Activity: 2170
Merit: 1427
August 09, 2016, 05:15:13 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

Yeah, i agree with you. As you can see, the price of bitcoin is increase and goes up again back to normal. I hope it will keep increase and make people keep buying bitcoin.

People will keep buying Bitcoin, but it takes time for this Bitfinex hack that shaked up the market to disappear to the background. And when we're fully recovered, we can only hope that this is the last time that such a thing happened. But unfortunately I am fairly sure that this isn't the last hack of exchange that we will see happen.
It seems that this is always the case. Some bad news, like hacking, seems to happen over and over. Although that keeps the price in check, it also makes room for a lot of doubts about how safe investing in bitcoin is. All the more reason for ordinary individuals to shy away from bitcoin, which is a bit sad, because they are missing out on the benefits it has.

Well, they don't know what's really happening. If an exchange gets hacked, it is not Bitcoin that gets hacked, but just a site where people can trade their coins. That's what a lot average joe people don't seem to understand. If something happens, then they think Bitcoin is hacked, which is of course not the case. The media plays a big role into making them believe so with their ignorant articles.
hero member
Activity: 518
Merit: 500
August 09, 2016, 05:01:05 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

Yeah, i agree with you. As you can see, the price of bitcoin is increase and goes up again back to normal. I hope it will keep increase and make people keep buying bitcoin.

People will keep buying Bitcoin, but it takes time for this Bitfinex hack that shaked up the market to disappear to the background. And when we're fully recovered, we can only hope that this is the last time that such a thing happened. But unfortunately I am fairly sure that this isn't the last hack of exchange that we will see happen.
It seems that this is always the case. Some bad news, like hacking, seems to happen over and over. Although that keeps the price in check, it also makes room for a lot of doubts about how safe investing in bitcoin is. All the more reason for ordinary individuals to shy away from bitcoin, which is a bit sad, because they are missing out on the benefits it has.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 09, 2016, 04:56:40 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

No degree of acceptance can ever change the facts. If you lost a decent amount of money, you will stay away from Bitcoin trading altogether. And no high-profile investor would be trading bitcoins either since there is no hedge against the systemic risk of an exchange hack (even if they set up an exchange themselves), be it a real hack or an inside job...

The writing was all over the place, in big red letters

That is one of the risks to take in trading, though we are making money because we are good in trading but we cannot do any good when hacking strikes, besides that is all about the money so we really cannot tell if there is something going on inside.

This is not a trading risk (i.e. a risk of an adverse price change), to begin with. It is a counterparty default risk, i.e. a risk that the counterparty will not live up to its contractual obligations. For example, a risk of failing to return funds to the client on his demand...

In real world such risks are mitigated, for example, by establishing clearing houses and insuring client funds
legendary
Activity: 2170
Merit: 1427
August 09, 2016, 04:49:41 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

Yeah, i agree with you. As you can see, the price of bitcoin is increase and goes up again back to normal. I hope it will keep increase and make people keep buying bitcoin.

People will keep buying Bitcoin, but it takes time for this Bitfinex hack that shaked up the market to disappear to the background. And when we're fully recovered, we can only hope that this is the last time that such a thing happened. But unfortunately I am fairly sure that this isn't the last hack of exchange that we will see happen.
legendary
Activity: 2464
Merit: 1102
August 09, 2016, 04:47:20 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

Yeah, i agree with you. As you can see, the price of bitcoin is increase and goes up again back to normal. I hope it will keep increase and make people keep buying bitcoin.

Yeah people are buying bitcoins as price is low now, and if the same trend continues then we will cross $700 very soon and increase in price is a good sign for all bitcoin users.
sr. member
Activity: 420
Merit: 250
August 09, 2016, 04:42:15 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

Yeah, i agree with you. As you can see, the price of bitcoin is increase and goes up again back to normal. I hope it will keep increase and make people keep buying bitcoin.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
August 09, 2016, 04:27:37 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

No degree of acceptance can ever change the facts. If you lost a decent amount of money, you will stay away from Bitcoin trading altogether. And no high-profile investor would be trading bitcoins either since there is no hedge against the systemic risk of an exchange hack (even if they set up an exchange themselves), be it a real hack or an inside job...

The writing was all over the place, in big red letters

That is one of the risks to take in trading, though we are making money because we are good in trading but we cannot do any good when hacking strikes, besides that is all about the money so we really cannot tell if there is something going on inside.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 09, 2016, 03:18:07 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

No degree of acceptance can ever change the facts. If you lost a decent amount of money, you will stay away from Bitcoin trading altogether. And no high-profile investor would be trading bitcoins either since there is no hedge against the systemic risk of an exchange hack (even if they set up an exchange themselves), be it a real hack or an inside job...

The writing was all over the place, in big red letters
hero member
Activity: 840
Merit: 1000
August 09, 2016, 02:57:36 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.

I think people have already started to buy bitcoins again and that is the reason we are seeing slow price rise at a moment, and if it continues then we will reach $700 very soon.
newbie
Activity: 13
Merit: 0
August 09, 2016, 02:48:07 AM
Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.

Investors will forget about the Bitfinex scam or hack very soon and the will start investing in the bitcoin again.
hero member
Activity: 759
Merit: 502
August 07, 2016, 12:11:09 AM
Now may not be a bad time to buy a bunch. Actually about 12 hours ago was the best time to buy a lot. It looks like it is recovering nicely now but there could be another drop.

Yes, its recovering quite sometime  now. Its a opportunity to buy as sooner or already started prices are slowly  on the uptrend move.

Those bitfinnex attack which affects the bitcoin price to drop is also an opportunity to buy more. Wink
Sometimes crisis help the the wise investors because they see it as a big opportunity to buy more bitcoins to increase their holdings. I also see that, although I have only a little amount of investment with bitcoins and I am willing to hold it for a long period of time as I believe it will more valuable in the future.

Yeah bitcoin will be more valuable in future so its good to collect as much as we can and hold it for future to make good profits from it and this is really good price to buy some coins.
Because of bitcoin hack the price has dropped. It will recover soon, so it is good to buy bitcoin in the meantime to make good profits in future. Smart people don't miss it and utilise the opportunity.

I think price has already to started to recover at a moment and it is moving up slowly so we can see higher price in coming days and this is still the good price to buy some coins.
Yeah right the price is recovering right now and i think more price will come soon. and traders are now deciding to invest again back.
Also its not possible that the price will not increase again back because mining still not profitable in this price they are just balancing it..
yes looks gradually the panic people for the news of the hack that occurred in bitfinex been forgotten after strong price does not fall below $ 400.

Nothing is permanent in the world, bitfinex scam is history now, people who have faith in bitcoin will continue to invest in it and that will gradually take price to higher level in future.
hero member
Activity: 518
Merit: 500
August 06, 2016, 02:00:38 PM
Now may not be a bad time to buy a bunch. Actually about 12 hours ago was the best time to buy a lot. It looks like it is recovering nicely now but there could be another drop.

Yes, its recovering quite sometime  now. Its a opportunity to buy as sooner or already started prices are slowly  on the uptrend move.

Those bitfinnex attack which affects the bitcoin price to drop is also an opportunity to buy more. Wink
Sometimes crisis help the the wise investors because they see it as a big opportunity to buy more bitcoins to increase their holdings. I also see that, although I have only a little amount of investment with bitcoins and I am willing to hold it for a long period of time as I believe it will more valuable in the future.

Yeah bitcoin will be more valuable in future so its good to collect as much as we can and hold it for future to make good profits from it and this is really good price to buy some coins.
Because of bitcoin hack the price has dropped. It will recover soon, so it is good to buy bitcoin in the meantime to make good profits in future. Smart people don't miss it and utilise the opportunity.

I think price has already to started to recover at a moment and it is moving up slowly so we can see higher price in coming days and this is still the good price to buy some coins.
Yeah right the price is recovering right now and i think more price will come soon. and traders are now deciding to invest again back.
Also its not possible that the price will not increase again back because mining still not profitable in this price they are just balancing it..
yes looks gradually the panic people for the news of the hack that occurred in bitfinex been forgotten after strong price does not fall below $ 400.
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