At what price we would be at if Btifinex disaster didn't happen?

[amacar2]

I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.

The good news is that we now have several exchanges rather than 1 dominant 1.  That makes us stronger for any future hacks.  i think we would have dropped to $550 like we have done and then the uptrend continue.  Finex just made us drop further.

Actually after finex got hacked it is now hard for regular bitfinex customers to find new exchanger to trust again, and myself also finding this difficulty as i don't like to see the exchanger with my bitcoin getting hacked again. There may be many exchangers out there but now bigger question is which platform will get those finex voumes in futures and how those exchangers will protect their users funds.

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[randy8777]

if the bitfinex hacking  incident didnt happen may be we are in between on $700-$800 mark i guess since the bitcoin price as of those  days are going  uptrend but the incident do happen which causes the bitcoins price to dump down -$100 average which is  a thing  that  some  bitcoin users  worry about  but for sure  the price would gradually increase.

we nearly touched the $800 price level just before the block halving, but that was just related to the hype. i think the price was due for a correction after the block halving. the bitfinex hack dump resulted in a low of $465. if you take that into consideration, then current price isn't that bad at all.

[Rostadom]

if the bitfinex hacking  incident didnt happen may be we are in between on $700-$800 mark i guess since the bitcoin price as of those  days are going  uptrend but the incident do happen which causes the bitcoins price to dump down -$100 average which is  a thing  that  some  bitcoin users  worry about  but for sure  the price would gradually increase.

we nearly touched the $800 price level just before the block halving, but that was just related to the hype. i think the price was due for a correction after the block halving. the bitfinex hack dump resulted in a low of $465. if you take that into consideration, then current price isn't that bad at all.

I agree with you. The current price is not affected by the Bitffinex hack. It is actually similar to the level before the hack.

[StoreBit]

yes it really effect the price of bitcoin and the price of bitcoin fell down, but i think this falling down was just for the time being and was not a permanent fall down, you can see that the market recover its position very soon and now bitcoin is again trading above 600$. so i think if the bitfinex disaster didn't happen the price will be trading above 800$ at

[ivanst776]

I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.

I'm not sure what would be the price if that hack wouldn't happen but I'd be sure that the price wouldn't go lower than $700.

Maybe it was planned to have a dump or a pump after the halving and at the time when the hack happened but this hack covered them.

[abugseuf]

if the bitfinex hacking  incident didnt happen may be we are in between on $700-$800 mark i guess since the bitcoin price as of those  days are going  uptrend but the incident do happen which causes the bitcoins price to dump down -$100 average which is  a thing  that  some  bitcoin users  worry about  but for sure  the price would gradually increase.

we nearly touched the $800 price level just before the block halving, but that was just related to the hype. i think the price was due for a correction after the block halving. the bitfinex hack dump resulted in a low of $465. if you take that into consideration, then current price isn't that bad at all.

I agree with you. The current price is not affected by the Bitffinex hack. It is actually similar to the level before the hack.

no i am not agree with you, i think the bitcoin price is really effected by the bitfinex, we cannot ignore the effect of bitfinex  on bitcoin, but i will also like to say that the price of bitcoin recover its position very soon and now it is trading just below from its original position, which we were expected before the bitfinex hacking.

[ekoice]

To be honest, even without the hack of Bitfinex we would have seen the price go down with the current selling pressure. It wouldn't go as low as it has gone due to the hack, but maybe the lowest point would be slightly below the $600 level. In that aspect I think the current price is not that far away from what is reasonable.

no i dont think so. it is just the hack to be blamed. you maybe right that the price could have also gone down due to the selling pressure but i dont believe that selling pressure could make the price go as down as of now. remember the 660$ days ? i hope it comes back again very soon.

      If bitfinex incident had not happened, surely Bitcoin price would have crossed $900 by this time.But, now its still recovering slowly from that stage.

[CoinCidental]

Sounds very strange to me calling the bfx a "hack"

It seems pretty clear that Bitfinex ripped off the community via inside job....

Why else would they still be so secretive about what happened?

The fact that top level bfx employees were culpible maybe? 

[LFC_Bitcoin]

The price had started to sink even before the bfx hack so I think we'd be in a similar price range now even if it didn't happen.

[Universat]

as we can see that the and news about bitfinex effected the price of bitcoin a lot and the price fell down to 500$ but after that the bitcoin recover its position very soon and the price again trading above 600$ now. i think the price of bitcoin will be trading above 800$ if the bitfinex issue did not happen.

[Angell]

It would probably be at about nine hundred dollars. Hope it touches thousand at the end of the year. But nobody knows.

[CoinCidental]

It would probably be at about nine hundred dollars. Hope it touches thousand at the end of the year. But nobody knows.

800-1000 is very probably for year end or maybe sooner
i think if bfx hadnt of fucked everyone  ,we maybe already at 900ish .......

[Shinpako09]

I think, atleast weve passed $800 or even it touches $900 now if the incident didnt happen. Everytime theres a news like that its expected that price will go down.

[JumperX]

I think, atleast weve passed $800 or even it touches $900 now if the incident didnt happen. Everytime theres a news like that its expected that price will go down.

Price seems to be stable at a moment and I don't think that price will fall in coming days and yes if that hack wouldn't have taken place then we would be surely sitting above $800 level at a moment.

[MyBTT]

The price was going down slightly already before the hack, due to the halving hype wearing off. I think however we would be in the mid-700s by now.

[RoommateAgreement]

The price was going down slightly already before the hack, due to the halving hype wearing off. I think however we would be in the mid-700s by now.

it was playeing above $600 even before the hack unable to break it so i think even if the hack didn't happen it couldn't go down so the rise was inevitable.

[hasiramasenju]

i think if bitfinex disaster not happening bitcoin price will not so different than the current price because since halving dates untill bitfinex incident i didn't see big jump for bitcoin price so in my opinion the price still approximately $600

[serjent05]

The price had started to sink even before the bfx hack so I think we'd be in a similar price range now even if it didn't happen.

I have the same thought too.  Even if bitcoin price isn't sinking before the Bitfinex hack happens, I think a couple of weeks of bitcoin price correction is finished.  So Price at this moment would be the same price if bit index is not hacked.  But of course, I would expect an uptrend price after this correction.

[kollo99]

to me if the bitfinex issue did not happen i think the price of bitcoin will be now trading above 800$, actually the price of bitcoin is really effected by the bitfinex issue.

[tee-rex]

I often think about this nowadays. We were on a spectacular uptrend. Core team was about to launch 0.13 and the halving happened, we were on the good track, but Bitfinex happened, ruining the good uptrend with the stupid ass dump. Fortunately we recovered quick, but the uptrend is not as strong and will take some more time now to go 1000+ again.

We were in a serious downtrend at the time, as others have already mentioned. But did anyone consider that the Bitfinex hack could actually prop the price up in the long haul? The price spectacularly plummeted, but the downtrend was rather short-lived. Could we by now have begun to feel the lack of 120,000 bitcoins across the markets? What happened to the stolen bitcoins and where are they now? If they don't find their way back to the market, the effect should be positive long-term. Less bitcoins means higher price, or does it?