Bitcoin Forum

The recent news from Cointelegraph said that the current decline is caused by the recent hack of Coinrail a South Korean exchange.
The report says that the exchange faced losses upto $37 million due to which the current price has surged downwards. On the other hand, the US regulators has also launched a probe against the top exchanges to provide their trading data so that they can analyze whether they are manipulating the crypto prices. What do you guys think led this decline ?

My suggestion : Buy the FUD!

Well that's a nice tip and yeah it's really a good time to buy some BTC and altcoins. i was planning on to buy some EOS as it has gone way down.
It has the potential to grow up and give better returns too.
I believe that the Coinrail hack would have more impact on the crypto price surge than the probe by the US regulators. There are many people still left in the crypto community who panic sell and this might be the reason why the price has fall down.

I think both are responsible for the market crash. But coinrail hack is the major reason. Think, when most of the currency of an exchange will be hacked, people will surely fall in FUD. And ultimately it will finally result price decline.

Here is one more reason. Open short position on Margin trade, then dump bitcoin in the exchange. Finally close your short position. Increase your USD/BTC. Easy way to earn money.

https://medium.com/@mattcollburner/bitmex-insiders-caught-in-a-web-of-lies-6d9b90baa693 (https://medium.com/@mattcollburner/bitmex-insiders-caught-in-a-web-of-lies-6d9b90baa693)

I think this are all FUD. There is nothing like that and price will be normal soon. Another opinion is you can buy some coin now by chance provided with the low price.

It could be the reason for the falling price, the hacker could dump their tokens and coins.
Anyway, when the market very bad like this, never ever sell your coins. Hold it until the price back to normal.

It is assumed that the recent hack of coinrail which is a south Korean exchange is the main reason behind the current decline.

I think it is the right time for purchasing bitcoin. Because prices are little bit low in this time. Some peoples are selling their bitcoin because of coinrail hack. That’s why it affects the cons price.

you're right with buying the fud. I honestly don't see a reason why gathering trading data by regulators is a bad thing, I believe it's good for the economy they care.

Actually most of the country is very much concern about crypto currency because of its profit based on this many countries trying to impose regulation for reducing scam and fraud also US & south Koreas conflict is visible to all I hope this problem will remove soon and they will be use this again for better facilities.

It is impossible at this moment to tell the exact reason of fall of price of cryptocurrency. The cryptocurrency market is always fluctuating. Tomany investors, this is a good oppurtunity to buy Bitcoins at a cheaper rate.