Is the Bitcoin dip was the result of South Korean exchange hack ?

in bitcoin •  7 years ago 

As news are spreding that Bitcoin's recent dip is due to South Korean Exchange Hack.But I don't think it's about the south Korean exchange hack.

bank-bitcoin-blockchain-1036635.jpg

Bithumb hacking is not the reason for BTC dip

=> Bitcoin (BTC) is bigger than one exchange.
=> Exchange covering the loss, so there is no loss for the market so there is no any chance of price moment due to this hack.

This is just my point of view, please let me know your views on this. What you guys think about it and why ?

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7 years ago by

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      ·  7 years ago 

    I also used to think the same

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      1 vote
      [-]
        ·  7 years ago 

      Thank you for reading the article and your views.

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        [-]
          ·  7 years ago 

        To the question in your title, my Magic 8-Ball says:

        Most likely
        Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

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          [-]
            ·  7 years ago 

          Thanks for the answer. But may I know on what bases it says that ?

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            [-]
              ·  7 years ago 

            Most probably the reason is "market manipulation" from whales which back up their pump or dump with news.
            However this was a minor dip and shortlived.

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              [-]
                ·  7 years ago 

              Ya whale doing this things kind of everyday. Ya it was short lived but just shared as my view.

              Thanks for your view.

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                [-]
                  ·  7 years ago 

                Nice blog i upvote follow and comment u now your turn

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                  [-]
                    ·  7 years ago 

                  Sure friend.

                  Thanks

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                    [-]
                      ·  7 years ago 

                    i dont think its due to hack

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                      [-]
                        ·  7 years ago 

                      I think the same :)

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