Bitcoin Forum

Its being observed that rumors of binance hacking induced a downward trend in Crypto world.Early this week cointelegraph reported a possible hack affecting the largest crypto exchange by trade volume,it affected the trade volume resulted into price slum.As per coinmarketcap the total market cap fell around $391 bln.The purpose of writing all of this is to depict only that how a small unpleasant incident may affect the whole market cap.

in my opinion this is purely because of all the FUD that is going on against bitcoin these days, including this FUD about Binance hack and the panic that it is creating. like the FUD regarding a whales dumping $400 million worth of bitcoin on the market to cause the crash which is a total bullshit.

and we all know when bitcoin drops, altcoins drop too even bigger.

Hii.. I also hear Crypto market down because this : https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports
Bitcoin down make another crypto down too, this because another crypto have a relations with Bitcoin, they sell bitcoin in much ammount, so the market to be like this time.
I believe this not will be for long time , and I hope the price will be back normal soon. and I hear some good news about cryptocurrency, which some government or country will legalize bitcoin around half this year, that will be bring good effect for us and crypto world, so don't worry about crypto in the future.

This isn't the first time that the entire altcoin market is going into a slumber after a breakthrough news popped up and it won't be the last either. There is a lot riding on news which affects the price of cryptos directly.
Just 2 months ago, we were witnessing coinmarketcap summing up the total market cap of all cryptocurrencies just above $800 billion and today it is less than half of the former value. This clearly shows how much of a beating that the market has taken due to unprecedented hacks and other stupid incidents.

Yeah, you se how much crypto world is unstable, ive been saying that we need something new to happen in crypto world to have it stabilized. We cant rely on bitcoin only as whether he goes up or down, altcoins crash always, thats not healthy

Are all those News fake? Its crazy to make us panic though i am not panic but i also get impact with this situation.
I also heard about whales sell worth $400 million in bitcoin its so big fud and of course easy believer people will be panic.

Anybody can come up with different reason for the recent slup. but to me the most important thing that people are ignoring is that the amount of new money entering the space as actually declined in recent month, until there is a sound fundamentals to drive up interest the market would likely be down

Seems to be not just because of binance stolen events triggered by the fall, the next March 14th, the U.S. plan to set new hearings, so will have a further definition to ICO, this is not a good news, and 19 is the G20 meeting.

This is a news to worry about, we may see more sell off coming from MT Gox and the market may disrupt if over 1 billion $ worth coins are dumped in a flash over the coming weeks or months.

recently there have been some reports that binaries have been hacked by some hackers. and the question is whether this affects the price movement of the crypto trade exchange. I do not think it affects the price of crypto and according to the price of crypto I think it's a matter of time where there are many ups and downs in crypto and that is the usual thing.

frankly people who panic and dumped his assets are new people in crypto. if everyone is smart to understand this issue, then certainly the market remains normal.

Binance news is including on the old news and i remember a lot of people are talking about it last week and this time there is a news that announced of google will try to ban all of the advertisement related to the cryptocurrency.

They're probably mostly people who were lured by MLMs and get-rich-quick schemers who promote crypto as a way to get rich overnight.

Too bad we can't do anything about them.

The cryptocurrency market has continued to slump over the past few weeks, as both major and minor cryptocurrencies followed the price trend of bitcoin.This is a period in which negative news leads to market panic while positive news does not have a huge impact on the market. Given the current trend of cryptocurrencies, while analysts agree they will recover in the long-term.

Theres a lot of factor to be considered,like the general trend,bitcoin's movements.,fud? fake news? technical analysis etc. it wont affect too much if the news isnt really came from a reliable source this is how the market works FUDers will do everything to manipulate the whole market so you need to get a long with these people so you wont be affected too much.

Well, if you think that stability is expressed in the fall, then you are probably right, although it is very difficult for me to say that something is stabilizing. It seems to me that everything falls and falls very quickly.