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Author Topic: [2018-06-20] BTC to fall after massive $30 million HACK heist in South Korea  (Read 467 times)
Kakmakr
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June 24, 2018, 08:34:30 AM
 #41

When bithumb stops all trading activities, it will affect the number of bitcoin in the world which means to be reduced at this time. But why does this case make bitcoin prices go down? This situation seems to be against the law of demand in the economy. this confuses me. Huh

The stopping of all trading activities will have a definite impact on the price. Every day, new bitcoins are mined and added on the supply side and when you close down a trading platform, you then decrease the demand side of the coins. So, what happens if the supply increase and the demand decrease? The price will go down.  Angry

This is what is happening at the moment. The price is going down, because the supply of coins are bigger than the demand.  Angry

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June 25, 2018, 08:07:53 AM
 #42

The price of bitcoin has fallen a bit because of the panicked investors and it is not bitcoins fault certainly. I think investors should learn to handle such adverse situation and take risks.

Investors and even noobs have been pretty calm throughout the last months. The decline we're witnessing is the result of bots trying to combat each other. The retail influence on the market in the last months has been close to zero.

If you don't have to worry about the unstable retailers with their green and panic, this market actually has become similar to the stock market, but then where everything moves way faster. In other words, these are great times for TA nerds looking to strike some profits. Just look at how calm the market is when it isn't forced to move in a certain direction, the market is empty. Noobs aren't selling and aren't buying, they just hold their bags.
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June 30, 2018, 11:13:55 PM
 #43

Why is it always we hear such negative news related to South Korea. Exchange hacking incidents and the news about banning affected whole market severely. Market is unable to recover due to such news because of it is fragile. I hope we get good news from now on.

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