Iran Deal Hopes Couldn't Save Bitcoin — ColdCard FUD Hit Harder.

[Numan467]

Despite the positive Iran deal rumors, Bitcoin dipped below $63K today. In most cases, world news relief is positive for markets. But this time? Mood was brought down quickly by the theft of coldcard wallets.

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

I feel like there is phase that we are in. When it comes to good news, it is overlooked. Bad News is made bigger. Classic fear territory.
There is downside to expect if ColdCard turns out to be more of an issue than it is let on. Otherwise, it could be overreaction. Slow and careful, do not hurry.

[Majestic-milf]

Despite the positive Iran deal rumors, Bitcoin dipped below $63K today. In most cases, world news relief is positive for markets. But this time? Mood was brought down quickly by the theft of coldcard wallets.

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

I feel like there is phase that we are in. When it comes to good news, it is overlooked. Bad News is made bigger. Classic fear territory.
There is downside to expect if ColdCard turns out to be more of an issue than it is let on. Otherwise, it could be overreaction. Slow and careful, do not hurry.

 Some people might sell even when the market seems good, although it might not be compared to the time when it's experiencing a crisis or dip. The ColdCard matter was a very big one as it affected over 4585 addresses across multiple waves of attacks so you can't expect this news to not overshadow the Iran peace deal rumours as you put it cause there can be every likelihood that the deal might not last with all I read here

[PostQuantumBTC]

I can not believe in any peace deal until United States stopped their offensive attack on Iran and go back to their country. The two countries both signed peace memorandum few weeks ago and we thought that the war is over but they later continued to bomb themselves again.

What I think is the cause of what is happening is because bitcoin is not yet out of the bear season, I do not see the Coldcard theft or the US war in Iran to be the reason but I know that is what will be on the news.

[Fiatless]

Despite the positive Iran deal rumors, Bitcoin dipped below $63K today. In most cases, world news relief is positive for markets. But this time? Mood was brought down quickly by the theft of coldcard wallets.

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

I feel like there is phase that we are in. When it comes to good news, it is overlooked. Bad News is made bigger. Classic fear territory.
There is downside to expect if ColdCard turns out to be more of an issue than it is let on. Otherwise, it could be overreaction. Slow and careful, do not hurry.

Iran has denied that any negotiations are going on. So the rumour is not valid since one of the major actors has said it was fake news from Trump. Second, the market is used to the failures to honour ceasefire agreements. Therefore, investors might not take the news seriously because hostilities might resume again.

Coldcard hack would influence investors' decisions, as it is believed that open source or hardware wallets are impossible to hack. There have been huge outflows from Bitcoin ETFS since the news broke out. The impact has not been high, as the price of Bitcoin has not declined so much.

[noorman0]

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

Just like the effect of price patterns that form lower lows, the deeper the depth, the weaker the trend, and vice versa. I think that's what people are starting to feel when they hear the same geopolitical news. This topic of coldcard exploitation is new to speculators, but it still has a stronger influence on confidence levels regarding the Iran-U.S.

[coinrifft]

I feel like there is phase that we are in. When it comes to good news, it is overlooked. Bad News is made bigger. Classic fear territory.
There is downside to expect if ColdCard turns out to be more of an issue than it is let on. Otherwise, it could be overreaction. Slow and careful, do not hurry.

What do you expect? We are in the bear market, so negative news are going to be highlighted. Although the price didn't dip that low even with the ColdCard issues. I'm expecting that we should be falling around $60k because it's one of the biggest news for this year and it could be the black swan event that others might be talking.

And it's not FUD, it is what it is, there are vulnerabilities in this hardware that they didn't patch or because they really didn't do any security testing of that version of their firmware. So it is a news that might carry this month and who knows, maybe the effect will be felt later.

[davis196]

Despite the positive Iran deal rumors, Bitcoin dipped below $63K today. In most cases, world news relief is positive for markets. But this time? Mood was brought down quickly by the theft of coldcard wallets.

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

I feel like there is phase that we are in. When it comes to good news, it is overlooked. Bad News is made bigger. Classic fear territory.
There is downside to expect if ColdCard turns out to be more of an issue than it is let on. Otherwise, it could be overreaction. Slow and careful, do not hurry.

The ColdCard situation will influence the BTC market only for a day or two. How many people are actually using ColdCard wallets? I've never heard anything about this ColdCard wallet until the news about the hack got posted on Bitcointalk. The USA-Iran conflict will continue for months or years, which stops the bull run from appearing on all financial markets. My prediction is the markets(both crypto and stocks) would keep going sideways for several months or even more than one year. The bear/sideways market is here to stay and the bull market will return somewhere around 2028. There's nothing to worry about and we can continue with DCA and accumulation.

[sergiorus]

Despite the positive Iran deal rumors, Bitcoin dipped below $63K today. In most cases, world news relief is positive for markets. But this time? Mood was brought down quickly by the theft of coldcard wallets.

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

I feel like there is phase that we are in. When it comes to good news, it is overlooked. Bad News is made bigger. Classic fear territory.
There is downside to expect if ColdCard turns out to be more of an issue than it is let on. Otherwise, it could be overreaction. Slow and careful, do not hurry.

I'd day Strategy dumping their BTC is currently having a greater impact on the market's sentiment.

The Coldcard hack was awful, and my heart goes to everyone who suffered a loss but it's kinda nothingburger in the big picture for Bitcoin.

As per the Iran deal, there were countless empty words from each side in the past few months. Nobody is really paying attention to them in the market. Bitcoin is holding strong, FUD is crazy but it's nothing unusual at the bottom.

[Swordsoffreedom]

I can not believe in any peace deal until United States stopped their offensive attack on Iran and go back to their country. The two countries both signed peace memorandum few weeks ago and we thought that the war is over but they later continued to bomb themselves again.

I was also optimistic that the war would end when the news came out that both sides had agreed to sign an MOU. But no, I was wrong. The agreement only lasted for a short time before it fell apart. Now I don't believe any ceasefire news anymore. It all feels like nothing more than a show.

What I think is the cause of what is happening is because bitcoin is not yet out of the bear season, I do not see the Coldcard theft or the US war in Iran to be the reason but I know that is what will be on the news.

For me, Bitcoin is influenced by many factors, not just geopolitic or market cycle. Unfortunately, the market is currently facing more negative news than positive. So it's not surprising that Bitcoin still has not shown any clear signs of a recovery.

[Odusko]

Despite the positive Iran deal rumors, Bitcoin dipped below $63K today. In most cases, world news relief is positive for markets. But this time? Mood was brought down quickly by the theft of coldcard wallets.

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

I feel like there is phase that we are in. When it comes to good news, it is overlooked. Bad News is made bigger. Classic fear territory.
There is downside to expect if ColdCard turns out to be more of an issue than it is let on. Otherwise, it could be overreaction. Slow and careful, do not hurry.

Is Also important to know that positive news has little to do to the market outlook for bitcoin, just one single news isn't enough to change things when we have multiple other events effecting the possible positives price movement for bitcoin that should have pushed us above the $65k price region as speculated a number of times in previous week market opening, coldcard is just one and another one is the US clarity act Which have been slown down by the senate and this giving negative outlook to bitcoin market right now.

[aoluain]

When it comes to good news, it is overlooked.

What was the good news?

Re: Iran Deal Hopes Couldn't Save Bitcoin — ColdCard FUD Hit Harder.

Couldnt save Bitcoin - was it under threat, surely the developers had seen the threat!

Seriously though, if anyone is complaining that "the bitcoin market" is still Bearish and
not rising ATM still have a good few weeks to suffer through before it shows signs of
moving towards a Bull season, and before that happens there is a good chance the market
will slide further before recovering - so hold on tight.

[tabas]

Despite the positive Iran deal rumors, Bitcoin dipped below $63K today.

I was looking at it by this time and it's not even below $63k. It's even about to break and go back to $64k.

In most cases, world news relief is positive for markets. But this time? Mood was brought down quickly by the theft of coldcard wallets.

To be honest, I feel bad when that news broke but looking at the price reaction of Bitcoin. There's a slight movement in it but it's not as big as the past ones.

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

Even before the news came out about the coldcard issue, the market confidence has weakened already due to the cycle that we're in. And that's the bearish sentiment that we've already felt for the first quarter of this year. But whether investors and traders are freaking out or what not. Following the news of Strategy that they're selling, this is the same thing in the past that there's so much negative news and yet in the end bitcoin still recovers.

[The Cryptovator]

This is sign of the weakness of the market confidence at the moment. This hardware wallet mess should not be the only reason for not celebrating the big picture good news, but it did. That is a sign to me that traders are already nervous and looking for a reason to sell out.

Wait, nothing positive yet. Let me ask you a question: Do you trust what Trump said? How many times have we just heard about the peace deal? But nothing has happened yet, but that doesn’t mean it never will happen. But investors want to make sure it’s really going to happen.

On the other hand, wallet hacks happened that affected the market. The issue is serious; if a hardware wallet were compromised, then really our funds aren’t secured. That’s really alarming for the whole crypto community. So if the peace deal happened, then probably the market would react; otherwise, there is only negative news.

[AVE5]

Don't also forget that all these mentalities that Geo economy news do have influence over bitcoin market hasn't really been confirmed to be reliable instead, they're just speculations.
I'm sure that's why the so Iranian news deal didn't turn out effective in the market as thought. As some experiences user's would say, it's usually affirmed to be coincidence in circumstances that speculations like that matches with the enthusiasts expectations.
As for the incident about the ColdCard, that's a very negative attribute that can discourage enthusiasts especially beginners from buying bitcoin because they'd feel the cryptography isn't a safe place to trade with.
Hardware wallets has also been a notable bitcoin and crypto storage which is believed to be more secured because it stores its private keys offline to avoid hacking.

[Zoomic]

Should we even be reading too much meaning into a single day's reaction?

Whenever there's controversial news in the market, we tend to blame it for price moves after they've already happened.

Sometimes, I think these things happen because the market was just looking for a reason to drop which the recent news if Coldcard became that reason.

Let's assume the Coldcard news came when the market sentiment is strongly bullish, do you think it'll have same effect? Definitely no, that's why I think the position of the market determines how a headline affects market price. 

[Jegileman]

Some people might sell even when the market seems good, although it might not be compared to the time when it's experiencing a crisis or dip. The ColdCard matter was a very big one as it affected over 4585 addresses across multiple waves of attacks so you can't expect this news to not overshadow the Iran peace deal rumours as you put it cause there can be every likelihood that the deal might not last with all I read here

The Iran-US war has been going on for a while now and when this war was at the peak of itself, we saw a very rapid change in the market as reacted to the direction of the war at that time. I feel the market has been saturated well enough with their continuous exchange of words, deals and has decided not to be triggered by the war again. I am not that too surprised because of the market not reacting to this change. Although, it would have been for the short time, and the bitcoin market will get back to its normal mode as if the deal never happened and the war was not something to be scare off in the first place. I would say the ColdCard incidence is just a coincidence and may not have really had much effect in the market.