Why many people expect Bitcoin price to dump?

[Floxynice]

Yea. To a person who is not too knowledgeable about Bitcoin, it will be difficult to convince him that all of those hacks are not directly on the Bitcoin network, but on third party platforms. Instead of trying ad much as possible to embrace self-custody, they will rather choose to believe that investing in bitcoin is high risk and anything can happen. This is not the first time that this kind of hack is happening even though this year's own seems to happen more frequently, bitcoin still bounced back just like it always does. But believe me, there are still people who are having double thoughts about Bitcoin just because of these recent hacks.

People choose to believe what they want to believe and what makes them feel alright if not, even is someone does not knowledge of bitcoin, a little research can show where it was hacked and how it's not bitcoin but just wallet software. The same set of people who can be quick to judge or put it on bitcoin won't do same if any hack happens to any financial sector that have to do with fiat.

People are gambling with their bitcoin investments while thinking they are investing in bitcoin. People gamble with their money when they see that something is highly discouraged but still choose to put their resources into it simply because it is convenient.

People gamble with their bitcoin when they invest money they cannot afford to lose or money they expect to withdraw within a short period. In Bitcoin, you don't choose what you want to believe; you do what is right. Bitcoin is already risky, so failing to take the most important things seriously due to a lack of knowledge can cost someone their entire bitcoin holdings.

[Lexandroove]

We know of the hack and seriously, it's only exchange that was hacked, I wonder why many people were expecting the price of Bitcoin to dump to around 10-20 percent because of the incident of Binance hack. If you may understand correctly, Bitcoin wasn't hacked, it's only exchange that was hacked and among that around $3b was freezed and only $3 that was lost.
If you may understand correctly, Binance has also promised their users (affected victims) to buy back their assets that was stolen from their exchange irrespective of any asset that they are holding. They have also took a Snapchat for the affected victims which they promised to drop back every single token or asset that was stolen from their users, and what you should know is that Binance is also bigger than $6b dollars and they would buy back every single asset that was stolen from their users and that is also positive movement to the market which would also hold the market stronger not to dump as people were expected.
2 to 5 dump is nothing on the market and there is a better chance for the market to boost anytime soon when Binance began their buy back it would bounce back quickly .

For those conversant with digital assets, the hacking of the “exchange”, rather than “Bitcoin”, would’ve been apparent. The distinction between an exchange hack and a Bitcoin network compromise matters, but the impact can't be dismissed entirely: a major exchange incident can erode market confidence, trigger panic selling, and raise liquidity concerns even when Bitcoin itself remains secure.

Of course, Binance’s commitment to compensate affected users is reassuring, but it doesn't automatically eliminate short-term market uncertainty. The market's reaction depends on confidence, liquidity, and how well the situation is handled.

[BItcoin Guy@]

People are gambling with their bitcoin investments while thinking they are investing in bitcoin. People gamble with their money when they see that something is highly discouraged but still choose to put their resources into it simply because it is convenient.

People gamble with their bitcoin when they invest money they cannot afford to lose or money they expect to withdraw within a short period. In Bitcoin, you don't choose what you want to believe; you do what is right. Bitcoin is already risky, so failing to take the most important things seriously due to a lack of knowledge can cost someone their entire bitcoin holdings.

Investment is already a risk, and you should try and get the experience on how to deal with the process because you can't escape the trap of it. I mean, Bitcoin is already volatile and you can't predict the market, you should just get the knowledge and do the right thing and hold for a long period of time. Sometimes when I see other investors doing things, you will just be imagining that they don't have any experience about Bitcoin, they just follow what they see people doing, and that can't work for you better when you don't get a deep understanding of how to manage your investment journey.

OP, The reason why some investors are saying the price will drop is because of the hack on Binance. The majority of people leave their coins on exchanges because they can't keep their coins in a self-custody wallet, since they can't secure their seed phrase well. They are scared of losing funds, so they start to swap their Bitcoin. The more people sell, the more the Bitcoin price will drop. Others who keep in self-custody wallets can also swap theirs too, because many people are investing in Bitcoin with fear. Not all have patience to hold for the long term.

[Big Dirams]

Yea. To a person who is not too knowledgeable about Bitcoin, it will be difficult to convince him that all of those hacks are not directly on the Bitcoin network, but on third party platforms. Instead of trying ad much as possible to embrace self-custody, they will rather choose to believe that investing in bitcoin is high risk and anything can happen. This is not the first time that this kind of hack is happening even though this year's own seems to happen more frequently, bitcoin still bounced back just like it always does. But believe me, there are still people who are having double thoughts about Bitcoin just because of these recent hacks.

People choose to believe what they want to believe and what makes them feel alright if not, even is someone does not knowledge of bitcoin, a little research can show where it was hacked and how it's not bitcoin but just wallet software. The same set of people who can be quick to judge or put it on bitcoin won't do same if any hack happens to any financial sector that have to do with fiat.

People are gambling with their bitcoin investments while thinking they are investing in bitcoin. People gamble with their money when they see that something is highly discouraged but still choose to put their resources into it simply because it is convenient.

People gamble with their bitcoin when they invest money they cannot afford to lose or money they expect to withdraw within a short period. In Bitcoin, you don't choose what you want to believe; you do what is right. Bitcoin is already risky, so failing to take the most important things seriously due to a lack of knowledge can cost someone their entire bitcoin holdings.

Some people treats bitcoin more like get rich quick scheme, they always think bitcoin risk free and something that can be duel on with all what they have and also thinking of it as something that we are meant to make good returns from as if it is certain and assured. But news flash it isn’t, the saying about risking what we can afford to loss is something we shouldn’t neglect as a bitcoin investor and especially the new investors. Risk what you can afford to loss in bitcoin investment because dips and pumps are certain and can’t be escaped no matter what we do so let know this and work with it for our own safety.

[Catenaccio]

Investment is already a risk, and you should try and get the experience on how to deal with the process because you can't escape the trap of it.

Investment is risky, and all things in life are risky, no guarantee for anything so there is nothing as risk-free. With investment, if you do yours rightly like only invest with your own money, say no with loans, leverages, you will have a kind of safe investment. Additionally, if you have good financial management, so that you have financial budgets for regular bill payments, emergency fund, and the investment fund, you will have more ability of holding your investment portfolio without touching it because of regular bills or emergency.

Investment if is made with loans, leverages or over leverages will be more risky, and Strategy is an example. They said that they will never sell bitcoins in many years but recent months, they had to sell bitcoins, it's because of de-escalating risk for their company after years of leveraging.

I mean, Bitcoin is already volatile and you can't predict the market, you should just get the knowledge and do the right thing and hold for a long period of time. Sometimes when I see other investors doing things, you will just be imagining that they don't have any experience about Bitcoin, they just follow what they see people doing, and that can't work for you better when you don't get a deep understanding of how to manage your investment journey.

Bitcoin market is volatile, and unpredictable but as said above, if you manage finance, risk and investment well enough, you are good with your life and portfolio. Investors have big advantage against traders, they don't have to predict the market, price and time, they can simply buy and hold, then wait for Bitcoin and time to bring profit.

[Lucano]

2 to 5 dump is nothing on the market and there is a better chance for the market to boost anytime soon when Binance began their buy back it would bounce back quickly .

It's not about the amount stolen by hackers, but of course it's about trust, the current situation is that Binance has started to return to normal and allows withdrawals, the flow of stolen funds will definitely be sold, the impact on the market is not now but later after the hackers have succeeded in laundering it, it's natural to predict that the price will fall, and I also think so at least in the next few months there will definitely be selling pressure

[Floxynice]

Yea. To a person who is not too knowledgeable about Bitcoin, it will be difficult to convince him that all of those hacks are not directly on the Bitcoin network, but on third party platforms. Instead of trying ad much as possible to embrace self-custody, they will rather choose to believe that investing in bitcoin is high risk and anything can happen. This is not the first time that this kind of hack is happening even though this year's own seems to happen more frequently, bitcoin still bounced back just like it always does. But believe me, there are still people who are having double thoughts about Bitcoin just because of these recent hacks.

People choose to believe what they want to believe and what makes them feel alright if not, even is someone does not knowledge of bitcoin, a little research can show where it was hacked and how it's not bitcoin but just wallet software. The same set of people who can be quick to judge or put it on bitcoin won't do same if any hack happens to any financial sector that have to do with fiat.

People are gambling with their bitcoin investments while thinking they are investing in bitcoin. People gamble with their money when they see that something is highly discouraged but still choose to put their resources into it simply because it is convenient.

People gamble with their bitcoin when they invest money they cannot afford to lose or money they expect to withdraw within a short period. In Bitcoin, you don't choose what you want to believe; you do what is right. Bitcoin is already risky, so failing to take the most important things seriously due to a lack of knowledge can cost someone their entire bitcoin holdings.

Some people treat bitcoin more like get rich quick scheme, they always think bitcoin risk free and something that can be duel on with all what they have and also thinking of it as something that we are meant to make good returns from as if it is certain and assured. But news flash it isn’t, the saying about risking what we can afford to loss is something we shouldn’t neglect as a bitcoin investor and especially the new investors. Risk what you can afford to loss in bitcoin investment because dips and pumps are certain and can’t be escaped no matter what we do so let know this and work with it for our own safety.

Bitcoin is a genuine investment, but it should not be treated as a guaranteed way of making money within a short period. This mindset is the reason why many investors have failed and lost interest in bitcoin over the years. Bitcoin is volatile; therefore, it rewards patience more than it rewards immediate expectations.

While investing in bitcoin, it is also very important to invest funds that you know you will not need urgently in the future. Urgent and immediate expectations are the major reasons why some investors fail to make profits from their investments.

Investing in bitcoin is not too difficult, but the desire for shortcuts often feels stronger than the actual behavior required to invest the right way while bearing in mind security and safety.

[DiMarxist]

I don't expect that the price of Bitcoin will drop or even be affected due to the recent attact on Binance as an exchange. There is no link between the hack and the price of Bitcoin, with all the hacks that has taken place only this hear the market can't react negatively to an further news of a hack again. Infact if you ask me these types of news will even strengthen the Bitcoin market because whether an exchange get hack or not is no longer a news that should cause price to drop further anymore.

With all these hacks going on, it's a time for closer reflection. Because I feel that these hackers has seen that they can put fear in the Crypto community via all these hacks that they are trying to do. The issue of security is what the crypto community should begin to take seriously instead of panicking and thinking about drop in price.

[Vaskiy]

Close to the end of the year, always there used to have dump in the market. This can be experienced most of the years. People cash out much during the holidays and that to serves to be an added reason for price dump at the end months of the year. Manipulation from whales and spread of false information and more factors drive the price downward. Earlier it was hard to manipulate the market and now this too is taking place from the major holders.

[FinneysTrueVision]

2 to 5 dump is nothing on the market and there is a better chance for the market to boost anytime soon when Binance began their buy back it would bounce back quickly .

Initially, I thought the market might be overreacting to the event. Perhaps the Binance hack alone didn’t cause the dump we’re seeing, but it can still be a catalyst and when coupled with a correction in tech stocks and the NVIDIA scandal that just came out, it isn’t too surprising that bullish momentum is gone.

There is currently massive sell pressure on NVIDIA on perpetual markets. We will see what happens to the actual stock when trading opens in a few hours. If it sees a sustained decline that affects the wider market, that is going to be bearish for Bitcoin’s future outlook. As people start getting liquidated, it will only intensify those losses.

[Marvelockg]

2 to 5 dump is nothing on the market and there is a better chance for the market to boost anytime soon when Binance began their buy back it would bounce back quickly .

Initially, I thought the market might be overreacting to the event. Perhaps the Binance hack alone didn’t cause the dump we’re seeing, but it can still be a catalyst and when coupled with a correction in tech stocks and the NVIDIA scandal that just came out, it isn’t too surprising that bullish momentum is gone.

A lot of negative things have hit the crypto market of late all of which might have jointly contributed to the current DIP the market is experiencing. During the binance hack, the effect was meant to be loud but i guess the binance tam were able to manage it pretty well. as an investor, the current retraction is little compared to the potentials we have in the future and so, it is better to take advantage of the current of what we are seeing now as an opportunity to even stack more bitcoin. 

An anti bitcoin person will think negative of bitcoin expecting it to dump at the slightest negative bitcoin trend but a real bitcoin enthusiast knows that circumstances can hit any sector and affect it negatively but for a strong system as bitcoin, a rebounce is almost certain.

[Italian Panic]

A lot of negative things have hit the crypto market of late all of which might have jointly contributed to the current DIP the market is experiencing. During the binance hack, the effect was meant to be loud but i guess the binance tam were able to manage it pretty well. as an investor, the current retraction is little compared to the potentials we have in the future and so, it is better to take advantage of the current of what we are seeing now as an opportunity to even stack more bitcoin. 

An anti bitcoin person will think negative of bitcoin expecting it to dump at the slightest negative bitcoin trend but a real bitcoin enthusiast knows that circumstances can hit any sector and affect it negatively but for a strong system as bitcoin, a rebounce is almost certain.

There are indeed more negative developments happening around the world that are affecting many aspects of the market. From the binance incident to the nvidia CEO being caught with a chinese spy, we will see how the market reacts today to this very negative news.
The good thing is that money doesn’t disappear, it simply moves around, so one sector’s misfortune is another’s good fortune.
Many are hoping that the price of Bitcoin will fall so they can get in at a good price, as they didn’t buy earlier.

[Zackz5000]

The hack wasn't on Bitcoin blockchain so i wonder why many will expect the price of Bitcoin to dump, besides Bitcoin is not some kind of shitcoins that dump easily. Anybody who will want Bitcoin to dump will definitely be those traders that are waiting for Bitcoin price to drop down so they can enter the market, long time Bitcoin investors wouldn't wish for that for any reason because what they want is for the price of Bitcoin to increase or even skyrocket above $100k.

[Agbamoni]

The price of Bitcoin will be reduced by 30% to 40% if all the hacks on wallets and exchanges affect the price every time. Bitcoin is mostly affected in a serious way by major news regarding politics and the financial market, from my observation. Scams, hacks, and wallet issues have little or no effect on the Bitcoin price. However, if there is an attack directed at the blockchain, it will create global panic, which will certainly affect the market.

The current market value of Bitcoin is on its way to the ATH. To tell you how strong this rally is, the hacks on Binance didn't shake the market for one bit. It only halted transactions for the period of time the stuff happened.

[Smack That Ace]

The hack wasn't on Bitcoin blockchain so i wonder why many will expect the price of Bitcoin to dump,

So by that logic, can you and OP explain why you're worried economic turmoil and geopolitical tensions could hit Bitcoin's price? None of that has anything to do with the Bitcoin blockchain either, right?

Oh please. Most of us know how markets work. Stop pretending. 

besides Bitcoin is not some kind of shitcoins that dump easily.

Shitcoin or not, BTC's price still depends on supply and demand. If demand suddenly tanks, price is gonna follow.

Anybody who will want Bitcoin to dump will definitely be those traders that are waiting for Bitcoin price to drop down so they can enter the market, long time Bitcoin investors wouldn't wish for that for any reason because what they want is for the price of Bitcoin to increase or even skyrocket above $100k.

I see it the other way around. Traders don't need a dump to make money, they can long and short and profit in both directions. And long term holders don't necessarily want Bitcoin going up nonstop either. For anyone still looking to stack more BTC, a correction can sometimes be an even better entry.

[MusaMohamed]

Shitcoin or not, BTC's price still depends on supply and demand. If demand suddenly tanks, price is gonna follow.

It is shown in bear market when demand is lower than it is in bull market, and it has been like this in four Bitcoin market cycles since 2009. The percent of corrections from all time highs to bear market bottoms are different among Bitcoin market cycles but the how the market works with supply and demand principle is the same.

I see it the other way around. Traders don't need a dump to make money, they can long and short and profit in both directions. And long term holders don't necessarily want Bitcoin going up nonstop either. For anyone still looking to stack more BTC, a correction can sometimes be an even better entry.

Traders are doing more risky practice in the market than investors. They can lose money with Spot trading, and they can more easily lose money with margin or future trading.

The roller coaster of emotional investing.
Psychological pitfalls of market cycle.

It affects both investors and traders but psychological effects affect traders more and increase risk of making bad trading action, then losing money.

[greysonz]

We know of the hack and seriously, it's only exchange that was hacked, I wonder why many people were expecting the price of Bitcoin to dump to around 10-20 percent because of the incident of Binance hack. If you may understand correctly, Bitcoin wasn't hacked, it's only exchange that was hacked and among that around $3b was freezed and only $3 that was lost.

The thing is, Binance and Bitcoin itself are completely unrelated. Just look at those who truly understand the principles of blockchain and Bitcoin—they don't like CEX, and these people, who only believe in their own custody, are laughing at the CEX hack. And it's not hard to understand—exchanges like Binance exist only to quickly exchange tokens, not to hold coins for long periods of time. I'm surprised by the people who store assets, including Bitcoin, on Mexc, Okx, and similar exchanges for long periods of time. So, I can tell them all, "Guys, did you know that if you give someone your keys, then why are you surprised that your Bitcoins are stolen?"

[Emeraldo]

The hack wasn't on Bitcoin blockchain so i wonder why many will expect the price of Bitcoin to dump, besides Bitcoin is not some kind of shitcoins that dump easily. Anybody who will want Bitcoin to dump will definitely be those traders that are waiting for Bitcoin price to drop down so they can enter the market, long time Bitcoin investors wouldn't wish for that for any reason because what they want is for the price of Bitcoin to increase or even skyrocket above $100k.

When it happens, the price of Bitcoin fell and later continue going up and now the price has gone down again.
I don't know why people are still talking about the hack, maybe it's because of the billions that were lost by Binance exchange.
Bitcoin is not going to dump easily and any person that is a Bitcoin holder looking for how the price of Bitcoin is going to fall should better prepare for it because they'll get the opposite reaction in the market. At least 20% to 35% of the hacked fund has been frozen by Tether and other chains.

[virasisog]

They might be expecting it to drop cause they are expecting that the hakers would convert all the crypto into Fiat.
There are also traders/investors who are waiting for the price drop to buy it at low price.
But those kind of events could only affect the price for a short time, could create FUD for the weak hands and opportunity for those who strongly believes in Bitcoin.

[Mallampue]

We know of the hack and seriously, it's only exchange that was hacked, I wonder why many people were expecting the price of Bitcoin to dump to around 10-20 percent because of the incident of Binance hack. If you may understand correctly, Bitcoin wasn't hacked, it's only exchange that was hacked and among that around $3b was freezed and only $3 that was lost.

Simply put for this is when there are some people who expect the price of bitcoin to drop by a few percent as a result of some hacking incident instead it shows that there will be another wave coming in that will buy back at a slightly cheaper price so in this case I guess there must be some individuals who expect bitcoin to fall back before they actually go back in bullish due to make their asset more in bitcoin but at a cheaper price.

Surely most will be divided on this but what needs to be realized here is that those who expect bitcoin to fall or those who expect the price of bitcoin not to be disturbed by some incident are not part of those who are always calm and continue to invest for the long term because those who make long-term investments here will not be affected by anything including falling and rising prices.