What does the bitfinex hack mean post halving?
BTC has been rallying post 650$ in the past few months, as the world enters the post halving era. While everything looked rosy for the community, the recent Bitfinex hack came as a cold shocker to the entire world. Close to 72 Million $ has been hacked. There are a lot of questions regarding the hack. While the masses indulge in panic selling, I see this opportunity to buy more btc as I believe that this might have been a planned event by the chinese miners. what are the possibilities?
Speculation about BTC forking, this news also stirring the prices. and massive sells just before the chinese miners meet, and then after the chinese miners meet, KABOOM bitfinex hack!!
Could there be a possibility that all this chaos was designed to create a favourable environment to accumulate more BTc at cheap prices, before the massive rally, because reaching an ATL of 480$ does not even make sense, for miners to profit from it.
Nice @heggmaster
Shot you an Upvote :)
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Nice @heggmaster
Shot you an Upvote :)
Nice @heggmaster
Shot you an Upvote :)
Keep up the great work @heggmaster
Upvoted
Thank you my friend :)
Upvoted
Hi! This post has a Flesch-Kincaid grade level of 8.3 and reading ease of 68%. This puts the writing level on par with Leo Tolstoy and David Foster Wallace.
Thanks for the kind words.