Quote from: UmerIdrees on Today at 10:37:56 PM

Quote from: Churchillvv on Today at 10:09:40 PM

With the news of a serious hack on bybit a popular exchange wallet most us here uses, even though it has nothing to do with bitcoin directly yet I find it necessary to remind you all that leaving your coins or assets in an exchange wallet is a big red flag and for every reason always find a way to move your coins to a safe open source wallets.

Coin security should be a priority. buy bitcoin and never leave them on an exchange wallet or any wallet that does not guarantee good percentage of security.

It was a big hack on one of the biggest exchanges and therefore you gotta expect the bitcoin will react to it. When you see Bitcoin dumping on tarrif news that were even relevant for Bitcoin, but it shows the reaction with price dumping.

I do not know until when this price downward direction will continue, but soon Bitcoin will be over 100k again. 🚀

Market react maybe because of people sentiments and bad decision making on that situation. That's why its really good for people not to leave any funds on exchange and settle up their funds on safe wallets.

Its just a short term dump people are just afraid about possible effect of that news but for sure market will recover. There's no exchange hacking give long term effect on the market so people should not get afraid with it. So instead of dumping their Bitcoins just like those panic sellers did, they better catch those dumps and speculate for more better future since for sure market will just recover after that situation fades out. Only short term sellers will get panic on this and long term holder will see those dumps as good opportunity to buy more Bitcoin.