ByBit Hack
This whole Bybit hack has really put a damper on the crypto market. One minute Bitcoin was looking like it was about to break back above $100k, next minute it's back down to the low 90 thousands. Alts, of course, responded massively with huge drops across the board, leading to liquidations and much panic.
I more or less sat the whole news cycle out. I'm not even totally abreast of what the latest is. All I know is that, sooner rather than later, all this will blow over and we shall return to the bull market. That is, of course, if the bull market hasn't already topped out.
That's the thing with crypto - it all depends on the macro. Events in the bigger picture world have an effect on sentiments, fear and greed, which directly affect the price of bitcoin. Now with Wall Street money heavily invested in crypto, the effect is even more pronounced. The slightest news of a negative nature mostly leads to them dumping what they term "risky" stocks. Mostly tech stocks. Unfortunately, and as wrong as it is, that is what bitcoin is classed under - risky tech stocks!
As the market matures further and crypto secures its own asset class on Wall Street, perhaps the bitcoin chart will stop following Tesla, Microsoft and NVidia so closely.
Peace & Love,
Adé
And how is HIVE ? :)))) no word what HIVE .... why did we not go 1 dollar ??
To be honest, I don't worry too much anymore about Hive price. I just accept what ever the price is and keep enjoying using the platform. All the politics and fighting chased away some important users and we never reached our potential because of this.
Thank god you think right 🙏🍺 hard to find users who still say it 👌 , every time I mention this in some rooms , I get evil eyes in the back of my head 🤭🤭😅
F..k I need Hive move mord one time up, I need my one bag to get out 🤭👌👌 sad to look BTC still up, we sit on 20 cent 😆🏆
But yes , lot good users have left, but also because someone in front of idijoo is still massively use bots to make lot mone 👌🤕 no point in posting against bot pages and AI .
Hahaha. Yes. We need a big pump. Hive should be about $3 already but no movement. I talk about Hive on YouTube sometimes but nobody cares :/
Meanwhile shitcoins doing 1000% 😂
I know how you feel when you want talk what this HIVE topic but nothing happens ;) Hey we have every Wednesday LIVE in the Ecency room, come there and speak from there, I'd be interested to see the reaction of the people there... to see what they say . YOu have good words all time to say .
Just take one day and come to say Hi.
That's tomorrow? What's the time? Maybe I can. I'm usually moving around a bit.
I'm in Estonia and for me it starts 19:00 👌👌🍺🍺🍺
https://discord.gg/vGSQ3qqq?event=1343931102573625375
It seems this was a clever hack and may have been some 'social engineering', but just because one chain gets hacked does not mean others are vulnerable. The crypto-sceptics will still make a big fuss. If they really hacked a 'cold wallet' then it wasn't that cold.
The tracking technology must be very clever now as various people want to see where funds go. It's really hard to be anonymous unless the chain builds it in.
We just have to ride out these events.