Has the recent BTER hack affected the bitcoin price?

[DonQuijote]

No, it wasnt a hack, cold wallet cant be hacked, its a "physical" robber

[NotLambchop]

Chinese Bitcoin banking service kipcoin.com lost 3000+ bitcoin

https://www.reddit.com/r/Bitcoin/comments/2w84el/kipcoincom_lost_3000_bitcoin/

"Kipcoin, which went online this May, sets its fundraising cap at 10,000 btc and pays an interest of 0.0137% daily. Media coverage indicates that the site makes money in two ways: 1. Arbitrage – buying from exchanges where prices are lower and sell at others where prices are higher. 2. Lend the coins to miners."

http://www.forbes.com/sites/ericxlmu/2014/07/12/major-chinese-exchanges-rolled-out-bitcoin-banking-services/

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

They're dropping like flies, gentlemen.

Obviously, anyone that put their money into scam exchanges knew what would happen. Not Bitcoin's fault.

Of course not.  Bitcoin simply attracts scammers like shit attracts flies.  Can't blame shit for attracting flies, can you?  No.

Sure, I could argue from first principles, and make a decent case for Bitcoin being conceptually flawed, inherently lacking in mechanisms for recourse when shit goes wrong, but that's a bit off-topic.

[nwfella]

It already affect bitcoin price
But it's only temporary, bitcoin price can back to normal in 2 to 4 days

But i wonder if they really hacked

Of course their 'cold wallet' wasn't hacked.  If it where it would mean the underlying cryptography fundamentals of bitcoin can be compromised.  This whole BTER gafaw is nothing more than another 'inside job' theft.

[nsimmons]

It IS bitcoin's fault if the protocol attracts an endless stream of scams and fraudulent service operators. I do agree with you that anyone who would put their money into bitcoin at this point is a fool, since history has shown us that essentially every bitcoin exchange or service will fold after a few years (at best).

I see you've stumbled over from Kitco, finished bashing gold bugs, on to bitcoin? The same routine, buy real assets, cash..etc. Not much happening on kitco since 2011, bitcoin's more fun?

[Kimba_Coinarch]

Chinese Bitcoin banking service kipcoin.com lost 3000+ bitcoin

https://www.reddit.com/r/Bitcoin/comments/2w84el/kipcoincom_lost_3000_bitcoin/

"Kipcoin, which went online this May, sets its fundraising cap at 10,000 btc and pays an interest of 0.0137% daily. Media coverage indicates that the site makes money in two ways: 1. Arbitrage – buying from exchanges where prices are lower and sell at others where prices are higher. 2. Lend the coins to miners."

http://www.forbes.com/sites/ericxlmu/2014/07/12/major-chinese-exchanges-rolled-out-bitcoin-banking-services/

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

They're dropping like flies, gentlemen.

Obviously, anyone that put their money into scam exchanges knew what would happen. Not Bitcoin's fault.

It IS bitcoin's fault if the protocol attracts an endless stream of scams and fraudulent service operators. I do agree with you that anyone who would put their money into bitcoin at this point is a fool, since history has shown us that essentially every bitcoin exchange or service will fold after a few years (at best).

I disagree. Scammers existed before bitcoin existed and continues to exists. Merchants in US are losing aprox $190 billion a year to credit card fraud. Does that mean that anyone who uses a credit card is a fool? http://www.forbes.com/fdc/welcome_mjx.shtml

To say that every bitcoin exchange or service will fold after a few years is ridiculous. Coinbase just secured $75m in capital investment from the likes of the New York Stock Exchange. Bitcoin is being recognized and backed by heavy hitters. The pro's far out weigh the cons. Just like anything that operates online, there is always going to be security concerns - it's a part of life.

[NotLambchop]

...
I disagree. Scammers existed before bitcoin existed and continues to exists. Merchants in US are losing aprox $190 billion a year to credit card fraud. Does that mean that anyone who uses a credit card is a fool? http://www.forbes.com/fdc/welcome_mjx.shtml...

It's not that scammers didn't exist before Bitcoin, it's that Bitcoin lends itself so darn well to scamming.
Imagine if real money was [half-ass] anonymous & mostly unregulated.  Now imagine that the majority of those who used it were paranoid libertarian loons, who wouldn't think of turning to law enforcement for help because paranoid libertarians? 

What do you suppose would happen?  Yeah, that's right, fail & AIDS.  Pretty much what's going on in Bitcoin now.