Post
Topic
Board Speculation
Re: PANIC BUYING !!!!!!!
by
Panzersin
on 13/08/2016, 13:56:53 UTC
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.