Every bear market brings new fears but BTC keeps moving forward.

[B-BossMan]

The fear that this bear season brought is far different from just fear about price dump but fear and doubt about the security of our Bitcoin assets, all the hacks that have happened this year have sparked so much controversial reaction on the internet. If you go to X, Reddit and some other crypto related social space, you will see how scared some people are, some are saying they just want to sell their Bitcoin and move on to other more secure kind of investment. Some of us that have not had the experience where we lost a huge amount of our asset might not really know how painful it can be, I don't blame these people but it doesn't actually me that Bitcoin price will not continue going up and even create a new all time high in the next bull season.

 You have a point here, it's actually not bear market alone or even the bitcoin price being dump, but even the previous incident of hackers that's happens in a regularly bases are even enough to makes the investors uncomfortable. Most especially when it is things that involves money they have been working hard to accumulate for long-term, if at all, investor's has been experiencing different types of bear market and like 90% of investor's are still holding bitcoin without any faer as everyone knows the bitcoin price must fluctuate at any moment, so once you know how volatile the bitcoin is in nature, there wouldn't be any panicking. However, the securities matter is something different entirely, but we will not still lose up because of the incidents. We just have to be more careful on how we protecting/storing our coins.

[Itz-prisigold]

Market has already calm down but allot of prople love to blame every red drop on the news.

I feel sometimes folks are just searching for a reason behind all market crash, perhaps just to reduce the pressure they feel seeing the price going down. And bad news is generally the simple reason they can come with. But the market doesn’t always move because of a particular event.  It may simply be the result of normal market activity, profit taking or simply shifts of buying and selling pressure. Not all red candles have to be related to bad news. Knowing this well can help investors not to make a decision on emotion when Bitcoin's price falls.

[liasbaa]

Everyone may have seen the huge amount of money withdrawn by fraudsters from Mt Gox in 2014 and FTX in 2022, which drove the price of Bitcoin down significantly.

FTX did not really drive the price of bitcoin down the way many people are posting about it if compared to the price bitcoin was falling from.

Bitcoin was below $21000 but above $20500 at the time. It later fell to $15560. But bitcoin had already fallen from $69000 to $21000 before the hack.

Before the binance hack bitcoin has been screaming bearish for a while now . With technical analysis I was able to tell that Bitcoin is in bearish trend , all this while hack has been fueling it more .

There are recently a lot of panicking in the market at the moment . So there will be massive selling volume , market all red at the moment like usually say , this is the right time to buy even buy more . I’m sure binance is going to handle the whole hack situation well .

Binance has been able to reassure users with their own backup funds and build their own trust. They now need to let users know what kind of strong security measures they have taken. This will be an important step to restore customer trust.

You are right that the volatility in Bitcoin's price has exacerbated what was already there before the Binance hack. In the meantime, the negative impact of the US midterm elections and inflation could be another reason for the price drop.

It is not yet certain how long this period of price correction will last but we may need a few more days to establish a stable market but now is the right time to increase buying.

[Yandakava]

The bear market will always resurface and there is no way it can be stooped since the market is seasonal in nature.
Bitcoin hacks has been happening for years but the one for this year is the highest that have been ever experienced. The Binance exchange has experienced one of the highest hack in the history of cryptocurrency hack but the stakeholders are still able to maintain the exchange without any attempts to file for bankruptcy.

Nobody can stop the bear market, it’s part of the plan. That’s why they keep on saying we should understand the market and have a long term plan. I agree with you, Binance have a big hack in the history of cryptocurrency, but that doesn’t mean the exchange is safe to keep our coins. We should never put all our trust in an exchange no matter how popular it is. Majority people are moving their money to decentralized wallets, where they will take full responsibility for their own money.

The most important thing in crypto space is to understand the risks, the same as making a profit.

[Brizi5000]

The price of bitcoin can recover  after a hacked, especially when an exchange is being hacked. Whenever an exchange is being hacked, investors may panick and some may even sell their bitcoin depending on how they understand the situation. It is exchanges that is being hacked and not bitcoin networks and this is the reason why the bitcoin market may not be affected to the point that it won't recover whenever an exchange is being hacked.

I still think that the recent hack in binance had a little effect on the market but due to the quick intervention of the binance team assuring its users of the safety of their funds the effect was a bit less severe and we can see that not long after, the market have tried to recover from the 3-4% drop in price. Though many may argue that before the hack, we were already in the bear market which is true. So it’s an opportunity for investors to buy more at a reduced price rather than panicking to sell because BTC will keep moving forward after every bear market.

[Pablo-wood]

The price of bitcoin can recover  after a hacked, especially when an exchange is being hacked. Whenever an exchange is being hacked, investors may panick and some may even sell their bitcoin depending on how they understand the situation. It is exchanges that is being hacked and not bitcoin networks and this is the reason why the bitcoin market may not be affected to the point that it won't recover whenever an exchange is being hacked.

I still think that the recent hack in binance had a little effect on the market but due to the quick intervention of the binance team assuring its users of the safety of their funds the effect was a bit less severe and we can see that not long after, the market have tried to recover from the 3-4% drop in price. Though many may argue that before the hack, we were already in the bear market which is true. So it’s an opportunity for investors to buy more at a reduced price rather than panicking to sell because BTC will keep moving forward after every bear market.

I won't call a price standing above the previous cycle's ATH a bear market. Price is declining no doubt but many are still sitting on profit.  As regards Binance hack I doubt it will have any effect on the market. Binance holds approximately 2.7% to 2.8% of Bitcoin and I see no possibility of the hack carried out affecting price movement. What might trigger price movement is the reaction of traders, Public Corporate Treasuries and other big players in the market.

[Proty]

The price of bitcoin can recover  after a hacked, especially when an exchange is being hacked. Whenever an exchange is being hacked, investors may panick and some may even sell their bitcoin depending on how they understand the situation. It is exchanges that is being hacked and not bitcoin networks and this is the reason why the bitcoin market may not be affected to the point that it won't recover whenever an exchange is being hacked.

I still think that the recent hack in binance had a little effect on the market but due to the quick intervention of the binance team assuring its users of the safety of their funds the effect was a bit less severe and we can see that not long after, the market have tried to recover from the 3-4% drop in price. Though many may argue that before the hack, we were already in the bear market which is true. So it’s an opportunity for investors to buy more at a reduced price rather than panicking to sell because BTC will keep moving forward after every bear market.

I won't call a price standing above the previous cycle's ATH a bear market. Price is declining no doubt but many are still sitting on profit.  As regards Binance hack I doubt it will have any effect on the market. Binance holds approximately 2.7% to 2.8% of Bitcoin and I see no possibility of the hack carried out affecting price movement. What might trigger price movement is the reaction of traders, Public Corporate Treasuries and other big players in the market.

It is wrong to say that since the price of bitcoin isn't below the previous ATH that it is not a bear market. Even if bitcoin is still above the previous ATH, doesn't mean that this isn't a bear market because some investors maybe experiencing losses since they may bought at  higher prices.
The binance hack, may not have influenced the market that much. The importance thing is how investors, especially those with large holdings understand the situation. Assuming they panicked during that period and sold out most of their bitcoin, this would have  impacted  the market. However, the hack alone may not be enough to cause the price of bitcoin to decline.

[Sobz]

For sure the bear market will definitely make one feel panic and if you dont understand it, it can deprieve one from not investing in bitcoin.  The bear market is an opportunity to accumulate bitcoin more but some people think it is a season which they need to run from it. Because of the fear some people have toward the bear market,  this is what makes them to feel  the best time to enter the market is when the market is about to pump and they rush in because FOMO and if eventually the market falls they become very panic. Understanding the bear market it will be seen as an opportunity and not as a threat to scare one from investing in bitcoin.

[Nightwatchmare]

I completely agree the centralized exchanges hack that happened this year drove the price of Bitcoin down especially the Binance hack which was the largest crypto exchange hack, even without centralized exchanges hack happening this season the price of Bitcoin will always decrease if there is a bear market. Every bear market can only bring fear to newbies because they have not experience it but for old investors, bear market does not bring fear to them rather they see it as a means to buy Bitcoin at a cheap price which they might not see again.