Bitcoin (BTC)

[rohit]

Bitcoin falls after U.S. seizes most of Colonial ransom

Bitcoin’s price slipped again Tuesday amid a brutal sell-off among digital currencies.
The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to recover most of the ransom paid to hackers that targeted Colonial Pipeline.

Court documents said investigators were able to access the password for one of the hackers’ bitcoin wallets.
The money was recovered by a recently launched task force in Washington created as part of the government’s response to a rise in cyberattacks.

On Monday, U.S. law enforcement officials said they had seized $2.3 million in bitcoin paid to DarkSide, the cybercriminal gang behind a crippling cyberattack on Colonial Pipeline.

According to a court document, the Federal Bureau of Investigation was able to access the “private key,” or password, for one of the hackers’ bitcoin wallets.
Bitcoin has often been the currency of choice for hackers demanding ransom payments to decrypt data locked by malware known as “ransomware.”

[DeirdreVaughand]

However, while this may sound plausible with other traditional financial instruments, being a brand new asset class, Bitcoin and blockchain technology has high perceived value. At https://uphold.com/en/assets/crypto/buy-cardano, I learned that It strongly influences both positive and negative trader sentiment, increasing short- and medium-term volatility. Because it is a young but still developing industry, the market size remains relatively small, with an equally low volume of liquidity. That being said, it is a known fact that volatility has been steadily declining in recent years, primarily due to the growing adoption of Bitcoin and the network effect.

[KisrBerny]

I heard that some investors call bitcoin a bubble, which will soon burst, is this true?

[jesicavery]

Digital currencies and blockchain technology have already stood the test of time. Once cryptocurrencies and even their technology were considered a bubble, many companies and investors are now betting on them. When people see the price of a cryptocurrency they have invested in falling, they either cash out or wait for the asset's price to fall further and invest in it. It would help if you always had investment capital on hand to make money in a falling market. I recommend not keeping one cryptocurrency in your portfolio at all. You have to have several of them. I, for example, am interested in vaffatoken.com, and I think it will rise in value soon.

[Nicolangu]

I think that Bitcoin will be great again, and now is the time for investing in the crypto market. As the price has gone up, so has used. We are at the beginning of a revolution where the final word on value is given to the community rather than a business or an expert. This makes Bitcoin more like a Ponzi scheme than a stable store of value. The people who invested are now rich, but they didn't create anything. Anyway, it is never too late. For example, I started investing directly with the help of https://dollarcostaveraging.io/. It's a brilliant platform that will help you to choose the best tokens to buy.

[OfericSchim]

I don't understand why you keep saying "great again." I mean, it didn't stop being great

[Nicolangu]

Man, do you actually understand what a "bubble" means in the investitions domain? It is a situation in which asset prices are much higher than the underlying fundamentals can reasonably justify. So, a bubble has to be Tesla, and another one is Amazon, but why do so many of you think that Bitcoin is a bubble?! Guys, there isn't anything that could evaluate the actual prices of such an asset like Bitcoin or any other crypto! That's why crypto brokers are so busy nowadays. I read this article recently https://www.asktraders.com/broker/crypto-broker/, and I'm also looking to get a broker for crypto investments.

[Ryoji]

the way you're explaining the bubble term isn't right.

[hectortwede]

So what if it had such a fall? I mean, have you seen the chart? Do you know how much bitcoin is worth right now? That's still pretty insane, and people still can earn millions out of it. So, my recommendation is to stop making such a big fuss regarding this drop, because it's still above 30.000 dollars. If it goes lower than 25.000 bucks, that's when we can start talking about some issues regarding Bitcoin and the crypto market. However, recently I started paying much more attention to this token https://recentcoin.com/token/olive-ole-0x9d922343, as it seems like it has fantastic potential.

[endy5]

I heard that some investors call bitcoin a bubble, which will soon burst, is this true?

Mike Novogratz, the famous cryptocurrency trader and founder of the investment company Galaxy Digital, expects BTC to grow to half a million dollars by 2027.