Hacking group WhiteArmor stole data from 15.42 million Gamdom accounts and demanded $15 million in Bitcoin
After a security incident, prices generally go through three stages:
1) Panic: The news hits, triggering concentrated selling;
2) Digestion: How much of the market cap do the losses represent, and will the stolen funds be dumped on the market?
3) Recovery: The project’s response determines whether sentiment can recover.
$BTC is currently at 80506.73, up 0.13% over 24 hours. Don’t rush to buy the dip—wait until the second stage becomes clearer.
#BTC
Don’t take what I say as investment advice.
After a security incident, prices generally go through three stages:
1) Panic: The news hits, triggering concentrated selling;
2) Digestion: How much of the market cap do the losses represent, and will the stolen funds be dumped on the market?
3) Recovery: The project’s response determines whether sentiment can recover.
$BTC is currently at 80506.73, up 0.13% over 24 hours. Don’t rush to buy the dip—wait until the second stage becomes clearer.
#BTC
Don’t take what I say as investment advice.
