It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Well if a big hack happens and you know 200k coins are lost you also know that 200k coins will eventually get dumped after they get washed which can mean a good bit in the price as previous happens.
However bitcoin is still a good investment, if you are patient you can be sure that in few years you made a good cut on your money just by leaving it there, atleast if we look at what happend since it has value till now.