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Author Topic: Bitcoin price recovered quickly even after Coincheck was hacked  (Read 41 times)
gemajai
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March 12, 2018, 03:30:53 PM
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Coincheck, one of the biggest names in Japan's cryptoindustry got hacked a few months ago because of carelessness. This event could have sent bitcoin to it's lowest value this year. Coincheck did not announce what happened right away. Before the press release of what happened, the value of bitcoin dropped to around $10,400. However, after the press release of the incident, bitcoin made a quick recovery back to around $11,000. What factors made it possible for the bitcoin value's rebound? Because I really can't say it's the media. The news should have scared other bitcoin owners and could have sold them. But the unexpected happened. Can you enlighten me on this one? Was it because there were people who still invested in bitcoin despite the incident, ignoring the risk? Thanks!

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March 12, 2018, 03:58:39 PM
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I think its pretty clear no matter what happens in the crypto world bitcoins will always be strong , thing is you get up every day and you hear some bad news but guess what this is the smear campaign and its becoming painfully clear that no one is really influenced or believes these so called news . its clear that the people who believe in bitcoins are so confident in this product that they will just simply listen and walk away even stronger believers because they have seen it work for themselves so even if they make a loss today they know tomorrows a new day so they wake re energized to stand with bitcoins.

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March 12, 2018, 04:10:53 PM
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The Bitcoin market is not always following the pattern that had been set before...so that an event today can just be relegated to the background as if things just went normal. Sometimes Bitcoin can also be down for no apparent reason at all making analysts just shaking their heads in disbelief. Such is one of the most famous nature of Bitcoin. And this is we should live by as long as we are also participants in this crazy world of cryptocurrency.

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March 12, 2018, 04:15:37 PM
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Coincheck, one of the biggest names in Japan's cryptoindustry got hacked a few months ago because of carelessness. This event could have sent bitcoin to it's lowest value this year. Coincheck did not announce what happened right away. Before the press release of what happened, the value of bitcoin dropped to around $10,400. However, after the press release of the incident, bitcoin made a quick recovery back to around $11,000. What factors made it possible for the bitcoin value's rebound? Because I really can't say it's the media. The news should have scared other bitcoin owners and could have sold them. But the unexpected happened. Can you enlighten me on this one? Was it because there were people who still invested in bitcoin despite the incident, ignoring the risk? Thanks!

Maybe people are just tired of having all of those FUDs. And by just not caring at all. They know that the price will still go up anyway.

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March 13, 2018, 04:49:00 AM
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Coincheck, one of the biggest names in Japan's cryptoindustry got hacked a few months ago because of carelessness. This event could have sent bitcoin to it's lowest value this year. Coincheck did not announce what happened right away. Before the press release of what happened, the value of bitcoin dropped to around $10,400. However, after the press release of the incident, bitcoin made a quick recovery back to around $11,000. What factors made it possible for the bitcoin value's rebound? Because I really can't say it's the media. The news should have scared other bitcoin owners and could have sold them. But the unexpected happened. Can you enlighten me on this one? Was it because there were people who still invested in bitcoin despite the incident, ignoring the risk? Thanks!

Maybe people are just tired of having all of those FUDs. And by just not caring at all. They know that the price will still go up anyway.

Bitcoin appears to have been hit by those fears, but has recovered along with the rest of the market. Bitcoin mania was ended and maybe later on could continue sliding due to certain regulations here and there. Even though the price has not yet still back when it was December 2017, it's regaining little by little and hope to soar more.

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March 13, 2018, 05:04:43 AM
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the hacks are becoming a common thing in the cryptocurrency world and they don't have the effects that you think they have on bitcoin price anymore. and at this point unless one of the big exchanges with big names like Coinbase get hacked, you can not expect any real drop because of them.

these hacks are either happening because of it carelessness of the owners of these services and because they are under attack from hackers all the time OR they are simply fake hacks to cover up the robbery of the services themselves. for example they steal the money themselves but blame it on a hacker and get away with a lot of money just like that.

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