Bigbay (OP)
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June 20, 2018, 07:01:36 AM |
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Few hours ago i read on CNN that one of the world's largest cryptocurrency Exchange site was hacked and the thieves got away with $30million dollars worth of cryptocurrency. According to the news, the news of the theft at the exchange hit the prices of cryptocurrencies. Bitcoin fell around 2%.
What is your view. Will it affect all altcoins too?
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o_e_l_e_o
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June 20, 2018, 01:33:01 PM |
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Of course it will. Until we get more fiat/altcoin pairings, the whole market generally follows Bitcoin - if Bitcoin gets hacked, everything dips. You can already see red across the board if you go to coinmarketcap right now.
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conectum
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June 20, 2018, 01:36:09 PM |
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Of course it will. Until we get more fiat/altcoin pairings, the whole market generally follows Bitcoin - if Bitcoin gets hacked, everything dips. You can already see red across the board if you go to coinmarketcap right now.
Uhmmm, the thing is bitcoin is always going to be at the top as it is the main cryptocurrency. In order to get into other cryptos you need to buy bitcoins first thus raising it's dominance, in order to get out you need to sell alts for btc. Thus bitcoin price will always affect crypto price |
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yukihirasouma
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June 20, 2018, 01:37:52 PM |
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Few hours ago i read on CNN that one of the world's largest cryptocurrency Exchange site was hacked and the thieves got away with $30million dollars worth of cryptocurrency. According to the news, the news of the theft at the exchange hit the prices of cryptocurrencies. Bitcoin fell around 2%.
What is your view. Will it affect all altcoins too?
of course because bitcoin fell altcoin prices also fell many altcoin/token is red going dip now so patience and buy back in dip is good |
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lutcor
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June 20, 2018, 01:38:43 PM |
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Of course this will hit very hard on altcoins as well as bitcoin, because many projects repeat the bitcoin schedule and many respected traders say about it, nothing needs to be invented, everything is already on the surface.
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ll63248555
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June 20, 2018, 01:39:03 PM |
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Of course it will. After the hacker steals the BTC, he will sell it as soon as possible. So it will depress prices and scare more people! There have been so many hacking attacks recently, it's really worrying!
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xianbits
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June 20, 2018, 01:41:52 PM |
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Few hours ago i read on CNN that one of the world's largest cryptocurrency Exchange site was hacked and the thieves got away with $30million dollars worth of cryptocurrency. According to the news, the news of the theft at the exchange hit the prices of cryptocurrencies. Bitcoin fell around 2%.
What is your view. Will it affect all altcoins too?
It will. So, another korea-based exchange has been hacked again. Correct me if I'm wrong but weeks ago, another korean exchange has been hacked, too, right? That was the reason why the market fall that low and now, another hacking news from the same base country. |
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vasilisc555
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June 20, 2018, 01:50:18 PM |
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Certainly, this will affect prices or has already affected! Nevertheless, it is quite possible to say that there will be a new stronger growth. It remains only to watch!
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bitcoinposts
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June 20, 2018, 01:52:41 PM |
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Bithumb hack effort whole cryptocurrency market a whole this month alone we saw 2 to 3 major hack happening which is very unfortunate in cryptocurrency industry
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Dart18
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June 20, 2018, 01:58:24 PM |
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Here is a good link for the OP didn't post one just to back up the recent hack of Bithumb. Next time please do. I questioned the authenticity of your posts and just googled it to be verified. If you did post a link then it will be easy for users to answer questions and believe your post. https://www.coindesk.com/bithumb-exchanges-31-million-hack-know-dont-know/XRP is the target. But it can affect the whole crypto world. That is still a lot of money we are talking about. Also the trust issues will be scarred. There could be traders here that will go to other ones which could make them fall a little. Withdrawals could also happen just so traders could make sure their invested money wont be affected. |
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ashmodeus
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June 20, 2018, 02:01:09 PM |
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absolutely yes
on my opinion
people will think
altcoin sucks
rating just a fake, i mean on exchanges sites
because we know bithumb is a huge big market.
naturally they have high security
but in the facts ?
and the last
how much they lossed the coin or money
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vasil777
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June 20, 2018, 02:04:35 PM |
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Few hours ago i read on CNN that one of the world's largest cryptocurrency Exchange site was hacked and the thieves got away with $30million dollars worth of cryptocurrency. According to the news, the news of the theft at the exchange hit the prices of cryptocurrencies. Bitcoin fell around 2%.
What is your view. Will it affect all altcoins too?
Very sad news that will have a bad effect on the whole crypto market. It seems to me that the market has already fallen because of this news. People will be even more afraid to trade on crypto exchanges. |
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milewilda
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June 20, 2018, 02:08:44 PM |
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Here is a good link for the OP didn't post one just to back up the recent hack of Bithumb. Next time please do. I questioned the authenticity of your posts and just googled it to be verified. If you did post a link then it will be easy for users to answer questions and believe your post. https://www.coindesk.com/bithumb-exchanges-31-million-hack-know-dont-know/XRP is the target. But it can affect the whole crypto world. That is still a lot of money we are talking about. Also the trust issues will be scarred. There could be traders here that will go to other ones which could make them fall a little. Withdrawals could also happen just so traders could make sure their invested money wont be affected. Tagging or putting up link according on what things being posted would always be suggested so that community will able to check it out on the authenticity of such news. Im not really surprised for these exchanged hacks to happen but the thing question on my mind is why do thing happen now where bitcoins price or the entire market is on reds because usually exchange hacks do occur when market is rising or booming up because they can really benefit on the money that they can able to get. Affect altcoin? As usual it do happens even though it is just really on small percentage amount overall but panic will really add up such decrease. |
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Heidim
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June 20, 2018, 02:15:18 PM |
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Yes definitely it will have an impact on Altcoins. Once bitcoin goes into the red 99.9% of all the other coins take a dive. But 30mil is not that big of a deal though and even the hack itself should not be such a big deal really. Where I live they rob the banks/cash in transit vehicles daily.  |
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Tipstar
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June 20, 2018, 02:20:12 PM |
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News of hacks would certainly adversely effect the price of all coins.
However small or large the extent of hack maybe, each hack signifies how vulnerable the crypto currency actually are.
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keycellko
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June 20, 2018, 02:22:09 PM |
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This is frustrating. We are all waiting and expecting the recovery in value of bitcoin. We see rise recently but this hack could really affect the price. This is one of the reasons that investors are pulling out because they are afraid of things like this happening. I hope these major exchanges increase their security to rid off these hackers.
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nsasuiteb
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June 20, 2018, 02:24:38 PM |
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As it affects bitcoin's price, altcoins will be affected too but I think there is not a crash considering bitcoin's price. It has not been affected too much by bithumb hack maybe we need to wait a little bit more.
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btccashacc
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June 20, 2018, 02:26:10 PM |
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as long as altcoin is still connected to bitcoin then whatever happens with the bitcoin market will affect the altcoin market including bithumb that causes people panic to sell their crypto. We have seen this fenomena before there were so many exchanges had been hacked in the past and caused the price colapses.
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nick_2017
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June 20, 2018, 02:26:38 PM |
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To tell the truth I don't belive in this news. I think it's fake again. It's a new manipulation of market.
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hasmukh_rawal
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June 20, 2018, 02:28:53 PM |
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The news has now become official and cointelegraph have posted it on their website too. The prices have fallen down since the market cap have fallen down to $284 bln from $294 bln . BTC with all the other top coins have fallen down which has decreased BTC's price by 2%, ETH by 2.5% and so on. Though the market has fallen down we can see a slight recovery in the price as the marketcap has gone from $284 bln to $290 bln . This shows us that BTC still has better chances to recover its initial price fall and cross $20k soon.
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