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

[lucki777]

to me if the bitfinex issue was not happen the price of bitcoin will now trading above 800 USD level but hopeful the bitcoin will gain its position very soon.

[ekoice]

By this time, Bitcoin price would have crossed $1000 if Bitfinex hadnot happened.See btc is slowly but steadily recovering from that disaster.Hope such incidents will not happen in future.

[Hoor]

to me if the bitfinex isssue  was not happen now we will be trading bitcoin above 800USD. some people think that there is no special effect of bitfinex on bitocin but i will like to say that there is a great effect of  bitfinex on the price of bitcoin.

[richardsNY]

to me if the bitfinex isssue  was not happen now we will be trading bitcoin above 800USD. some people think that there is no special effect of bitfinex on bitocin but i will like to say that there is a great effect of  bitfinex on the price of bitcoin.

The price was due for a serious correction as the price was bought up to levels that were purely the result of the hype and speculation around the block halving. With or without the hack of Bitfinex, trading above $600 is a very reasonable price if you ask me.

[Superbitzz]

to me if the bitfinex issue was not happen the price of bitcoin will now trading above 800 USD level but hopeful the bitcoin will gain its position very soon.

to me if the bitfinex issue was not happen then the bitcoin price will be trading above 800 USD. as after that issue the price fell down to 500 USD level which really was a panic like situation, and bitcoin take more than 2 months time recover its position.

[satdas]

to me there is no doubt that bitfinex hacking issue really effect the price of bitcon and there is no doubt about this, as the price before this bad news was trading about 660USD and after this issue the price start dropping to 500 USD but at that point bitcoin recover its position but the price after that remain stuck to 550 USD for a long time, so i will say that if the bitfinex issue was not happend then bitcoin will be trading above 800 USD.

[Junko]

Well, regardless of what the price would be had the Bitfinex debacle not happened, it does appear it is still in the process of correction and eventually we will get to that price - the price that would have been if the Bitfinex fiasco didn't happen. Essentially, the Bitfinex thing just caused a delay in the price getting to where it "should" be.

[CoinCidental]

Well, regardless of what the price would be had the Bitfinex debacle not happened, it does appear it is still in the process of correction and eventually we will get to that price - the price that would have been if the Bitfinex fiasco didn't happen. Essentially, the Bitfinex thing just caused a delay in the price getting to where it "should" be.

you couldnt be much more wrong if your serious ..........

[Oilacris]

In my own estimate regarding  on the  bitfinex hack situation  i could   say that we are still on $700+/btc  price point  and some  may others say that  it would  be much  higher  but  i dont  believe that  would able to reach even  $1k   if bitfinex incident didnt happen at all. Eventually even  the price  dumps lower  but still  it  recovers up even more and now we are reaching again on  $660 price  and gradually increasing. Hoping that there would be no more incident like  before.

[bit1]

It could have been a lot worse fall if halving had not happened, The halving stopped the effect of falling, now as it closes the year, the price will tend to rise further. But if  Bitfinex event had not occurred, The prices could be  $100-150 up now probably.

[leowonderful]

Up to 50$ more than it is now. It definitely affected the price a lot, but it's really not a huge issue imo as we're going to what could be 700$ by November. Some people are exaggerating it by saying over 750, but I don't think that's the case. Either way, that's the past, focus on the future. things happen, and we always recover eventually.

[hurain]

to me if bitfinex disaster was not happen i think we will be trading bitcoin above 800 USD, bitfinex issue really effect the price very much.

[sillug]

I think we would have easily crossed the 700$ cap if that didn't happened, but sadly it happened, that's the past.

[pitham1]

I think we would have easily crossed the 700$ cap if that didn't happened, but sadly it happened, that's the past.

$700 will be attained in a day or two.
The price is at $690 now and the trend only seems to be upward.

[tee-rex]

I think we would have easily crossed the 700$ cap if that didn't happened, but sadly it happened, that's the past.

$700 will be attained in a day or two.
The price is at $690 now and the trend only seems to be upward.

We are already there. Last time I checked the price stopped just short of $710. If the current rise is due to the halving's effects finally kicking in for real, which I hope for, then we could expect the price to continue growing, though maybe not so fast. When and where the correction will start can't be said with any degree of certainty, but we should be ready for it. To recharge our guns.

[calme]

I think 700 range will be particularly violent. But I won't sell in 700 range to make a few extra bucks, b/c I don't want to take part in slowing down the process of going 800+.

[CoinCidental]

I think 700 range will be particularly violent. But I won't sell in 700 range to make a few extra bucks, b/c I don't want to take part in slowing down the process of going 800+.

I wouldn't sell at 800 either.... You will just  be disappointed when it cruises past 1500-3000.....November gonna be a good month for btc

[BitHodler]

I think 700 range will be particularly violent. But I won't sell in 700 range to make a few extra bucks, b/c I don't want to take part in slowing down the process of going 800+.

I wouldn't sell at 800 either.... You will just  be disappointed when it cruises past 1500-3000.....November gonna be a good month for btc

There is nothing wrong with securing profits when the time is right. Mainly because of how volatile the price is, there will be enough chances to re-enter the market after securing profits.

Alongside the coins that you have for trading purposes, you can also hodl a certain amount of coins for the very long term.

In that case you can benefit from short term trades and your long term strategy plan at the same time. No need to choose when you can do both.

[deisik]

I think 700 range will be particularly violent. But I won't sell in 700 range to make a few extra bucks, b/c I don't want to take part in slowing down the process of going 800+.

I wouldn't sell at 800 either.... You will just  be disappointed when it cruises past 1500-3000.....November gonna be a good month for btc

There is nothing wrong with securing profits when the time is right. Mainly because of how volatile the price is, there will be enough chances to re-enter the market after securing profits.

Alongside the coins that you have for trading purposes, you can also hodl a certain amount of coins for the very long term.

In that case you can benefit from short term trades and your long term strategy plan at the same time. No need to choose when you can do both.

The potential problem with such an approach lies in the lack of knowledge about where the price will stop. If it goes down, you can be pretty sure that it will stop at 0, but when it goes up, there is virtually no limit. So the price may continue climbing without a major correction for very long, and you might end up selling all your bitcoins if you stick to your guns (i.e. keep on selling until there is nothing to sell). I essentially use the same strategy, with the difference being that I try to keep my Bitcoin stash growing even if I'm selling...

So I'm more inclined to hold than to sell