Post
Topic
Board Speculation
Re: What is happening?
by
bit1
on 07/08/2016, 19:51:06 UTC
Well Bitcoin price did recover slightly today; but I dont buy into this rise - could be a dead cat bounce

There will gradual rise of the bitcoin in the net few months. The Mt Gox hack caused 2 years bear market, the Bitfinex hack will not.
Because we are more stronger now, the Mt. Gox was many years ago and I almost forget it until you reminded it here, but we have move one ever since and we are now more capable of going to the future with a very good potential to get a massive adoption.

I heard that Mt Gox lost 850,000 bitcoins, which is 7 times more than the loss of the Bitfinex exchange hack.

Yes, unfortunately these events do not help for nothing, also add others big exchanges that  had other problems, willy-nilly investors lose confidence.