Post
Topic
Board Speculation
Re: At what price we would be at if Btifinex disaster didn't happen?
by
doublemore
on 01/09/2016, 09:05:16 UTC
I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.

The good news is that we now have several exchanges rather than 1 dominant 1.  That makes us stronger for any future hacks.  i think we would have dropped to $550 like we have done and then the uptrend continue.  Finex just made us drop further.