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Author Topic: At what price we would be at if Btifinex disaster didn't happen?  (Read 5570 times)
DRaGoN RaNTaRo
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October 13, 2016, 03:42:24 AM
 #81

The price might be a little higher but I don't think it made a huge difference in the price. There have been several problems with exchanges over the last couple of years and I think all of them have an effect on keeping the price from going higher.

Nowadays it's somewhat of a normal occurrence that each time the price is on the brink of exploding, that an exchange gets hacked, and all efforts are gone to waste. It happened too often to be coincidence. It's not the first time, and I am sure it's also not the last time.

this is an awesome find dude, never thought like that,just checked about the history of hacks and the price and whenever there is a price increase there will be a major hack and since this is a new market no one will investigate into the hack and no police complaint,this time around FBI has taken the case of bitfinex through a user who lost a million dollar ,hope they will find the truth.
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October 13, 2016, 07:04:47 AM
 #82

Hard to tell if we would have been at $700 if not for the bitfinex hacking, because the price was already showing signs of weakness prior to that incident. And when the price somewhat recovered a few days after, then that started the long dry spell in which the price was almost stuck at $600.
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October 13, 2016, 08:32:13 AM
 #83

That Bitfinex disaster doesn't have some significant effect over price of Bitcoin. We may see a spike but overall price were remaining in same range with some percent up or down. Halving this time helped the people to achieve the maximum stable price even before that happening. I don't say there was some visible difference in price. It is very good price even now without any doubt.

That point can hardly be challenged. While the real question which should have been asked is whether the price would be so stable if the miners reward hadn't been halved. Methinks, today's price stability is mainly due to the July halving. The influx of new coins is only part of what it was before the halving, and we seem to have by now started to feel its effects in full and earnest.

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October 13, 2016, 09:44:58 AM
 #84

As price was above $700 at the time of bitfinex hack price could be in $800 or even near $900 by now as we have seen some $150 around rise after hack by now so when we add this to $700 we can guess the possible price at which  bitcoin will be right now.

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October 13, 2016, 11:26:09 AM
 #85

That Bitfinex disaster doesn't have some significant effect over price of Bitcoin. We may see a spike but overall price were remaining in same range with some percent up or down. Halving this time helped the people to achieve the maximum stable price even before that happening. I don't say there was some visible difference in price. It is very good price even now without any doubt.

That point can hardly be challenged. While the real question which should have been asked is whether the price would be so stable if the miners reward hadn't been halved. Methinks, today's price stability is mainly due to the July halving. The influx of new coins is only part of what it was before the halving, and we seem to have by now started to feel its effects in full and earnest.

im little bit confused about this rally if it will really continue but i think i would just monitor first since im planning to buy some coins to stake for price rise, and my thoughs for your halving opinion is opposite since halving is done, maybe the reason for this rise is due to some people buying huge amount for it and stake their bitcoins for a while, or maybe october-december is the bitcoins peak season to rise up.

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October 13, 2016, 11:38:42 AM
 #86

That point can hardly be challenged. While the real question which should have been asked is whether the price would be so stable if the miners reward hadn't been halved. Methinks, today's price stability is mainly due to the July halving. The influx of new coins is only part of what it was before the halving, and we seem to have by now started to feel its effects in full and earnest.

im little bit confused about this rally if it will really continue but i think i would just monitor first since im planning to buy some coins to stake for price rise, and my thoughs for your halving opinion is opposite since halving is done, maybe the reason for this rise is due to some people buying huge amount for it and stake their bitcoins for a while, or maybe october-december is the bitcoins peak season to rise up

Halving is not done yet, metaphorically speaking. Of course, the event itself was on a certain date, and it has already been over three months since that date (July 9). But I think we should clearly distinguish between the anticipation of the event as well as the hype associated with it and the long-term effects of the halving itself which may have just started to kick in.

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October 14, 2016, 08:40:39 PM
 #87

The price might be a little higher but I don't think it made a huge difference in the price. There have been several problems with exchanges over the last couple of years and I think all of them have an effect on keeping the price from going higher.
yes that is a fact that the price of bitcoin is not so much effected by bitfinex issue, as it effect the price in start but very soon the price of bitocin recover its position very soon, and now the price of bitcoin is really trading in its normal price.
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October 14, 2016, 08:52:54 PM
 #88

The price might be a little higher but I don't think it made a huge difference in the price. There have been several problems with exchanges over the last couple of years and I think all of them have an effect on keeping the price from going higher.
yes that is a fact that the price of bitcoin is not so much effected by bitfinex issue, as it effect the price in start but very soon the price of bitocin recover its position very soon, and now the price of bitcoin is really trading in its normal price.
Its also because many peopel are waiting for the price low to buy more bitcoins.. and many people are still believing in bitcoin because they know that the price of bitcoin will rise again this is just the same last year that there is trading site also hack and down. and bitcoin is still alive and rising again..


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October 14, 2016, 09:51:18 PM
 #89

The price might be a little higher but I don't think it made a huge difference in the price. There have been several problems with exchanges over the last couple of years and I think all of them have an effect on keeping the price from going higher.
yes that is a fact that the price of bitcoin is not so much effected by bitfinex issue, as it effect the price in start but very soon the price of bitocin recover its position very soon, and now the price of bitcoin is really trading in its normal price.
Its also because many peopel are waiting for the price low to buy more bitcoins.. and many people are still believing in bitcoin because they know that the price of bitcoin will rise again this is just the same last year that there is trading site also hack and down. and bitcoin is still alive and rising again..

Surely that is, and i think many wants the price to drop for a while so they can buy at the cheapest anadd earn more when it pump but i think it won't happen at this moment since price are climbing frequently and looks like we are experiencing little halving effect Smiley, and maybe the price of bitcoin would reach for 1000$ if bitfinnex issue didn't occur since it was the main reason why the sudden drop happened on that event.

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October 14, 2016, 11:37:47 PM
 #90

As price was above $700 at the time of bitfinex hack price could be in $800 or even near $900 by now as we have seen some $150 around rise after hack by now so when we add this to $700 we can guess the possible price at which  bitcoin will be right now.

Well I think that is just going to be stable at $800 if the bitfinex disaster did not happened. Because at first there was already a price decrease already because many are already selling their bitcoins for they are satisfied already with the price that was reached up to $750+ if I can remember. But well we really don't know what will happen in the future.



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October 15, 2016, 07:52:13 PM
 #91

to me if the bitfinex issue was not occur then the price will be trading above 800 USD, but still bitcoin is really trading in a good mode.
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October 15, 2016, 09:04:09 PM
 #92

Hard to tell if we would have been at $700 if not for the bitfinex hacking, because the price was already showing signs of weakness prior to that incident. And when the price somewhat recovered a few days after, then that started the long dry spell in which the price was almost stuck at $600.

You can't really say there were signs of weakness, it was probably correction from the previous rise. And aren't dry spells a good sign of stability?

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October 15, 2016, 09:30:28 PM
 #93

Hard to tell if we would have been at $700 if not for the bitfinex hacking, because the price was already showing signs of weakness prior to that incident. And when the price somewhat recovered a few days after, then that started the long dry spell in which the price was almost stuck at $600.

You can't really say there were signs of weakness, it was probably correction from the previous rise. And aren't dry spells a good sign of stability?

Well, I remember when the price had been collapsing after the Mt.Gox disaster with a few intermediate stops, it became stuck in the $600-700 range for nearly two months on the way down to $200. So it shouldn't surprise anyone that the price has been flirting around $600 again, now on the way up.

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October 16, 2016, 12:08:34 AM
 #94

As price was above $700 at the time of bitfinex hack price could be in $800 or even near $900 by now as we have seen some $150 around rise after hack by now so when we add this to $700 we can guess the possible price at which  bitcoin will be right now.

Well I think that is just going to be stable at $800 if the bitfinex disaster did not happened. Because at first there was already a price decrease already because many are already selling their bitcoins for they are satisfied already with the price that was reached up to $750+ if I can remember. But well we really don't know what will happen in the future.
Nope, we would not be at $800. We would maybe near $650 or $700 at most. Just because we see increases right now in the market doesn't mean that the same would happen if Bitcoin was valued differently. Add an additional $100 to the value, and a lot more investors would buy less with more money. Subtract $100, and you get vice versa. We were already sitting in the low $600s before the hack happened, so it's hard to say but anywhere around $800 is doubtful.
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October 16, 2016, 06:41:41 AM
 #95

As price was above $700 at the time of bitfinex hack price could be in $800 or even near $900 by now as we have seen some $150 around rise after hack by now so when we add this to $700 we can guess the possible price at which  bitcoin will be right now.

Well I think that is just going to be stable at $800 if the bitfinex disaster did not happened. Because at first there was already a price decrease already because many are already selling their bitcoins for they are satisfied already with the price that was reached up to $750+ if I can remember. But well we really don't know what will happen in the future.
Nope, we would not be at $800. We would maybe near $650 or $700 at most. Just because we see increases right now in the market doesn't mean that the same would happen if Bitcoin was valued differently. Add an additional $100 to the value, and a lot more investors would buy less with more money. Subtract $100, and you get vice versa. We were already sitting in the low $600s before the hack happened, so it's hard to say but anywhere around $800 is doubtful.
$800 price would  be impossible for sure even bitfinex hack didnt happen  but  i could somehow assume that  if that incident didnt  happen maybe we are on $700 mark as of  now but  sadly  those situation dip the price back to 540 which is  really bad  but  some sees  it as an  opportunity to buy.






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October 16, 2016, 02:48:49 PM
 #96

As price was above $700 at the time of bitfinex hack price could be in $800 or even near $900 by now as we have seen some $150 around rise after hack by now so when we add this to $700 we can guess the possible price at which  bitcoin will be right now.

Well I think that is just going to be stable at $800 if the bitfinex disaster did not happened. Because at first there was already a price decrease already because many are already selling their bitcoins for they are satisfied already with the price that was reached up to $750+ if I can remember. But well we really don't know what will happen in the future.
Nope, we would not be at $800. We would maybe near $650 or $700 at most. Just because we see increases right now in the market doesn't mean that the same would happen if Bitcoin was valued differently. Add an additional $100 to the value, and a lot more investors would buy less with more money. Subtract $100, and you get vice versa. We were already sitting in the low $600s before the hack happened, so it's hard to say but anywhere around $800 is doubtful.
$800 price would  be impossible for sure even bitfinex hack didnt happen  but  i could somehow assume that  if that incident didnt  happen maybe we are on $700 mark as of  now but  sadly  those situation dip the price back to 540 which is  really bad  but  some sees  it as an  opportunity to buy.
to me i think 800$ will not be a bad price if the bitfinex issue was not happen, as it really wast a lost of time for the price of bitcoin to increase as it was expected after halving that the price of bitocin will really increase to high level.
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October 16, 2016, 11:16:43 PM
 #97

if no such incident hack, bitcoin prices might soar now and I am very confident that very many investors who will invest their money in the form of bitcoin. if it does not happen, most likely bitcoin prices above $ 900 and may be more so than at those prices.


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October 17, 2016, 01:26:51 AM
 #98

if no such incident hack, bitcoin prices might soar now and I am very confident that very many investors who will invest their money in the form of bitcoin. if it does not happen, most likely bitcoin prices above $ 900 and may be more so than at those prices.

 I don't think that is going to happen and I think the same price as we have today even there is no hacking incident because I don't think investors will invest.

Most of the investors won't buy bitcoins at the high price so I don't think that price will increase on that time.

They are just going to wait for the price to decrease before buying so the movement will be the same.

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October 17, 2016, 03:18:56 PM
 #99

if no such incident hack, bitcoin prices might soar now and I am very confident that very many investors who will invest their money in the form of bitcoin. if it does not happen, most likely bitcoin prices above $ 900 and may be more so than at those prices.

 I don't think that is going to happen and I think the same price as we have today even there is no hacking incident because I don't think investors will invest.

Most of the investors won't buy bitcoins at the high price so I don't think that price will increase on that time.

They are just going to wait for the price to decrease before buying so the movement will be the same.

$900 seems  to impossible to  happen  even bitfinex hacked didnt happen after all, as you mentioned   investors would not intend to  invest  anymore   regarding  to its price  but   there are really big investors would really risk on the current  price  because they have high  hopes for bitcoin.






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October 17, 2016, 03:24:39 PM
 #100

We couldn't say that for sure. Maybe the very same hackers would've hacked a different website or have hacked a different exchange site by now. Since we were slowly increasing at the time that Bitfinex got hacked, maybe it's quite higher than now. The Bitfinex disaster doesn't bother me at all. I'm happy with were we are right now. We got out of that price stability and I think that's enough to be grateful.

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