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Author Topic: Every bear market brings new fears but BTC keeps moving forward.  (Read 214 times)
KawasakiNinja1_ (OP)
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November 05, 2026, 05:43:15 PM
Last edit: November 05, 2026, 06:38:38 PM by KawasakiNinja1_
Merited by Charles-Tim (1)
 #1

There is indeed a lot of speculation about the price of Bitcoin, but despite every dumping, i.e. CEX and hardware wallet hacking and other reasons, the Bitcoin market is dumping, we see that,Bitcoin price later corrected. To be honest you may have noticed that there have been many CEX hackings in the crypto world before and many dollars have been stolen from there, resulting in the dumping of the Bitcoin market,

Likewise, this year has seen the largest number of hacks in crypto history, so I'm trying to highlight this point here: In fact conventional central banks and this currency was created to allow transactions without third-party intermediaries but when Bitcoin was created, the price of this currency may have been very low, but since its creation, its price has increased and so far many platforms have been hacked and even many holders' assets are still exercisable by scammer. Actually fraudsters are now being seen to be more skilled and sophisticated in using AI to withdraw holders' crypto funds from exchanges and hardware wallets, and I think these are the reasons why the market has shown a recession, and these are the proof of that.



https://x.com/River/status/2118381183528558723?a=pwlPwtiEBxFS6yTUuXg&s=19

These are things to note,

Everyone may have seen the huge amount of money withdrawn by fraudsters from Mt Gox in 2014 and FTX in 2022, which drove the price of Bitcoin down significantly.

Honestly it's true that In 2025, the Bybit exchange was hacked and around $1.46 billion worth of Bitcoin and other cryptocurrencies were stolen from there. If I'm not mistaken, this year $320 million was stolen from Liquid Network, about $388 million from Bitget and we saw that about $6.3 billion was stolen from Binance, the largest cryptocurrency platform.

These hacks in the crypto world have had a direct impact on the market, causing the prices of networks including Bitcoin, Ethereum, BNB, and Tron Network to plummet, even then the Bitcoin market is moving forward and the price of this currency may continue to move forward in this way in the future our opinion is no negative or hacking will be able to stop the price of this currency from increasing.




https://x.com/TheBTCTherapist/status/2116675450877665676?a=JvGg45_7xcRDbXqn7aQ&s=19

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November 05, 2026, 06:12:30 PM
 #2

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.

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November 05, 2026, 06:44:50 PM
 #3

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.
You said it reasonably the Binance hack was indeed the biggest but it should be understood that market dumping is not only caused by hacking on exchanges. The global financial situation and sometimes whale investors selling Bitcoin are dumping the price of this currency. Another thing is that the price of Bitcoin fluctuates all the time, which results in bear markets occurring in every cycle, As proof of this, you should see that the price of Bitcoin dropped to $57,000 a few days ago, but last year the price of this currency was $126,000, even then the price of this currency has increased.

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November 05, 2026, 06:49:12 PM
 #4

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.

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November 05, 2026, 06:50:48 PM
 #5

No matter what happens bitcoin price will still remain strong. Any effect on the price will be a temporary thing and that's why you see that the price has bounced back. I wouldn't call this minor dip a recession because 3% dip in bitcoin price is a norm and it happens often. I don't think that the hack affected bitcoin price because investors didn't panic and sell unlike, in 2022 FTX crash.

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November 05, 2026, 06:57:40 PM
 #6

 If you don dey the game long enough, I no sure say your mind go always skip when we experience bearish period because nah something wey don dey happen for a long time. The bear period just be like rain wey dey fall before sun go come shine so if you dey always panic when events like this occur then e mean say you never ready to put Bitcoin for your portfolio.
 I agree say the hacks sef nah another thing to put fear for investors and enthusiasts body but when your belief strong, you go just surprise but dey hope for the best. At least we don hear of about 7-8 hacks between the month of September to this month but at least some customers don receive their funds back so no matter how people wan paint Bitcoin as bad egg reach, e go still dey thrive and I sure say nah wetin dey worry these people wey dey kick against Bitcoin.

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November 05, 2026, 06:58:03 PM
 #7

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 .

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November 05, 2026, 07:22:23 PM
 #8

I was expecting democrats winning the mid term election to be already priced in.
Since if we been honest
Many are not happy with the war and tariff war Trump started
But I guess the drop is happening now.



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.
Well not as much as a normal bear correction
But it was around 25%
It was crazy especially when you barely understand Bitcoin
Altcoin suffered way worse including solana.

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November 05, 2026, 07:44:57 PM
 #9

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 .
The price of Bitcoin rise and fall depending on the demand of investors, the more the common people and traders lean towards selling instead of investing, the more the price of Bitcoin will fall. There is panic among the general people these day, due to which people are paying more attention to selling than investing. The issue of hacking has happened before, but this year the impact of hacking has rise relatively. I think that nowadays, with the help of artificial intelligence, hackers can easily identify wallet weaknesses, due to which hackers can easily and quickly hack wallets, which is putting the general people in panic.

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November 05, 2026, 08:05:31 PM
 #10

Despite this year alone being kind of the worst as it’s got to hacks of centralized exchanges and wallets, it’s important to note that, the investor responsiveness to these hacks has been minimal. You still wouldn’t observe moves in the market that would be as significant as we have in the bear seasons. At the very least, the few weak hands would sell out but, majority still hodl and stick to the long term goal.
These hacks has come with its own learning curve and a lot of people now understand the importance of security and what it means to leave their coins in a third party custody.

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November 05, 2026, 08:08:53 PM
 #11

 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.
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November 05, 2026, 08:10:52 PM
 #12

Quote
There is indeed a lot of speculation about the price of Bitcoin, but despite every dumping, i.e. CEX and hardware wallet hacking and other reasons, the Bitcoin market is dumping, we see that,Bitcoin price later corrected. To be honest you may have noticed that there have been many CEX hackings in the crypto world before and many dollars have been stolen from there, resulting in the dumping of the Bitcoin market,
I don't think so, the hacking incident has slightly affected the Bitcoin market price but not that much, the decrease in price may come from public panic which may last for some few days while market recovers it's stability.
Hacking crypto has been happening and the market hasn't given a fuck about it, if you are only watching at Bitcoin price been affected, what about others, aren't they affected too, nobody talk about that.

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November 05, 2026, 08:11:10 PM
 #13

The hacks might have some force on the price and make it drop a bit as we saw, but it cant hold it down for long, especially now that Binance are fully back and operational. Those who are new to Bitcoin would panic a bit due to the recent dump, but the knowledge about Bitcoin's characteristics makes it easy for investors to understand it's nature(volatility).

Bitcoin is Bitcoin, and slowly it will climb. I like the fact that we can't for sure predict it, and that's what makes it special. But for the recent dump due to the hack, we can overcome that. It's already passing, and soon, it will get back and even more. Even before the hack, Bitcoin has been struggling within $80k, but that doesn't change anything, it will fly, and we have to keep our fingers crossed. After the rain comes the sun. Investors should just be optimistic.

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November 05, 2026, 08:35:34 PM
 #14

Partially.. the trading volume has just reduced with a pressure on the bear side and on a normal bear market you will already expect that to reduce in the first place but it did increase a bit by adding more to the bears as a result of Panic &Fomo trading 

So, it’s quite normal (the bear + more bears from recent trading ). Overtime, the trend will change, it’s  just a matter of time.. this is not the first either.

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November 05, 2026, 08:54:55 PM
 #15

The hacks might have some force on the price and make it drop a bit as we saw, but it cant hold it down for long, especially now that Binance are fully back and operational. Those who are new to Bitcoin would panic a bit due to the recent dump, but the knowledge about Bitcoin's characteristics makes it easy for investors to understand it's nature(volatility).

Bitcoin is Bitcoin, and slowly it will climb. I like the fact that we can't for sure predict it, and that's what makes it special. But for the recent dump due to the hack, we can overcome that. It's already passing, and soon, it will get back and even more. Even before the hack, Bitcoin has been struggling within $80k, but that doesn't change anything, it will fly, and we have to keep our fingers crossed. After the rain comes the sun. Investors should just be optimistic.

Not really the hack, cause Bitcoin was already dipping before the hack and after the hack it didn't dip further but recovered to $80k and above, if the hack contributed to Bitcoin's decline, it wouldn't had recorded to 80k plus before dipping again currently.
 Normally people would panic and sell whenever there's a dip, beginners who barely understand and weak holders would panic but that's their cup of tea if they eventually sale at lose cause Bitcoin has a record of recovering after every dip so they'll definitely regret in future or near future if Bitcoin recovers faster.

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November 05, 2026, 09:13:18 PM
 #16

Honestly it's true that In 2025, the Bybit exchange was hacked and around $1.46 billion worth of Bitcoin and other cryptocurrencies were stolen from there. If I'm not mistaken, this year $320 million was stolen from Liquid Network, about $388 million from Bitget and we saw that about $6.3 billion was stolen from Binance, the largest cryptocurrency platform.

These hacks in the crypto world have had a direct impact on the market, causing the prices of networks including Bitcoin, Ethereum, BNB, and Tron Network to plummet, even then the Bitcoin market is moving forward and the price of this currency may continue to move forward in this way in the future our opinion is no negative or hacking will be able to stop the price of this currency from increasing.

The amount that was hacked is a very huge sum of money, and removing such from a crypto exchange is one thing we should expect a decline in the price of Bitcoin.  But one thing we should know is that the price value of bitcoin will not remain low the way it is, and moreover, the low price is an opportunity for people that wants to accumulate to keep accumulating their bitcoin investment portfolio.

 
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November 05, 2026, 10:39:40 PM
Last edit: Today at 02:18:47 AM by Sammysmart001
 #17

Not really the hack, cause Bitcoin was already dipping before the hack and after the hack it didn't dip further but recovered to $80k and above,
Market has already calm down but allot of prople love to blame every red drop on the news.

People panic and sell as exchange get hacked this the same old story we see every cycle. Weak hand are being shake with panic by short term, but this does not change Bitcoin real power. If we truly understand how this market works you see that all this dip are just gift to stack up cheaper coins as people are stressing over daily prices.

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Today at 04:23:37 AM
 #18

I didn't notice any major impact from the CEX hacks on the market. I don't know much about the deep past, but during the biggest hack in crypto history, Bitcoin was limited to $80-$75k. I think such a small drop is normal after 6.3 billion was stolen from Binance. From my perspective, it was not a significant impact. We have been the victims of multiple hacks this year, probably the most. It had more or less an impact on the market, but I never felt these effects. Because the effects were very small and it seemed like a normal movement of the market.

Crypto hacks are constantly teaching us that we should pay more attention to our funds and strengthen security. Even whatever happens in the market, it is not necessary to give importance to it. Don't let FOMO build up in yourself, but continue your normal journey.

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Today at 06:47:59 AM
 #19

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.

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Today at 07:07:39 AM
 #20

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.
Bitcoin has strong fundamentals to the point that even the news of a hack on one of their biggest exchange holders does not have a significant impact on its price. It is an actual beauty watching how far bitcoin's adoption has gone, and the more greater feats it's bound to attain.

Bitcoin went from $80 to $76k after the hack and subsequently recovered at $78k, and it's currently back at $76k. You would notice that the impact of that $6.3 billion has little or no impact on it's price, that's the beauty of bitcoin

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