Quote from: AmoreJaz on Today at 09:47:51 PM

Quote from: Zubayer on Today at 11:18:54 AM

It's difficult to predict the exact impact that the potential bankruptcy of a single firm, such as Genesis, would have on the price of Bitcoin. However, in general, news of a company filing for bankruptcy can cause uncertainty and volatility in the market, which may lead to a temporary decrease in the price of Bitcoin and other cryptocurrencies. However, it's important to note that the crypto market is highly speculative, and individual events or news may not have a long-term impact on the price of Bitcoin.

As for your question on whether to sell or hold, it ultimately depends on your investment strategy and risk tolerance. Some investors may choose to sell a portion of their portfolio in anticipation of a potential price drop, while others may choose to hold and ride out any short-term volatility. It's important to remember that cryptocurrency is a highly speculative investment and past performance is not indicative of future results. Therefore, always make sure to do your own research, consult with a financial advisor before making any investment decisions and never invest more than you can afford to lose.

it may have a lil bit of impact but if other positive news will come out, this negative news will be masked by good ones. and so the market may just move on. unless, they will be dumping a lot of btc in the market, but they are not. i guess, it is only their time to file for bankruptcy. i have used genesis mining services before. with all the troubles they have encountered in the previous years, i believe, they are indeed going into this bankruptcy state

Neither positive or negative, it cant be sure that it would be giving out some significant impact on the market since we do know that this isnt something that you could really deal off with on this very unpredictable market on which no fundamentals could really make out some assurance whether it would really be making out some effect or not.If its negative then normally we do presume that it would cause some dumps but there are lots of scearios and conditions on where it didnt really give out any effect or impact and this is why it do mess out with our speculations on which this is why it isnt something a solid indicator
for you to rely on fundamentals most of the time.