tuanta
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June 30, 2018, 07:24:51 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?
The best way to find the best answer is to look at the 24-hour bithump volume on the coinmarketcap website and compare it to the market cap of the market. They cannot trade on the exchange, they cannot trade so the risk that they sell BTC cause BTC decline is not high |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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cryptopuma
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SIMPLE SHOPPING AND SAFE PAY
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June 30, 2018, 07:27:25 PM |
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Of course,because if theres a FUD or negative news the investors are going to be crazy asf.Fundamentals in our market is stronger than technical analysis which is why the mindsent of these people will always based on the news,which really affects our community badly.
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kanmo
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June 30, 2018, 07:31:00 PM |
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Yes, it really affected the price because there was panic on the exchange and people began to sell all their tokens on bithumb exchange. Any crypto exchange hack will surely affect market price negatively.
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ngochuyen0071
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July 01, 2018, 08:44:07 AM |
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Mainly Crypto market is now fully secured because this market is fully decentralized so there is less chances of hack this system but few years ago this incident happened but this incident is fully uncertain because it was impossible but they recover this loss soon because crypto market is popular now.
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Haunebu
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July 01, 2018, 08:48:32 AM |
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I feel that this particular hack has affected the market since this piece of negative news has simply prolonged the bear market according to me. It is sad to see negative news like this pouring in from all directions and affecting the sensitive cryptocurrency market in a bad way. We need a constant stream of good news to see the market rally in a big way again like last year. Hacks like the Bithumb hack just go to show how online exchanges are not the ideal solutions to securing your funds. Desktop wallets and hardware wallets are much better in this scenario.
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JanVanHellsing
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Decentralised Wearable Devices
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July 01, 2018, 09:12:01 AM |
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Every single hack has always affected almost any altcoin in the past. The first big hack caused a long bear market and the one we are in now might also be a consequence of all these hacks. With every new hack the confident in people decreases that their funds are save and they take it elsewhere
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Dimm_bounty13
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Tokenize Everything - https://www.udap.io/
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July 01, 2018, 09:42:31 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?
Negative news touches the WHOLE market. News background is a significant aspect in such a young market. This situation has led to the great downfall we can see now! |
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mastersay
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July 02, 2018, 12:42:03 AM |
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Yes I believe in that, the hacker didn't intend to hold its funds for a long time for the investigating team to determine its true address. So the hacker must dump all the coins hacked from a multiple exchanges, causing for the market right now to really go down hard. I find it the main reason for this bearish market, but it will be over soon.
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PeriKecilkitty
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July 02, 2018, 01:46:57 AM |
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I think, of course, if After hackers steal BTC, he will sell it as soon as possible. So it will push the price down and frighten more,
people and if Bitcoin gets hacked, it's all dips. You can already see red on the board if you go to Coinmarketcap now.
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Joemzz31
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July 03, 2018, 11:11:42 AM |
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All things will be affected since the cryptocurrency group is define as a general.
Since the investors will react o that resulting to low demands that can cause a lower market value in the market.
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Glydel1999
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July 07, 2018, 06:01:36 PM |
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I think no, because the alternative coins are not really related to the bithumb but also there is a threat somehow that can gives them a thing to be worried about and that thing is a serious matter.
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judaspriest
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C O M B O
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July 07, 2018, 06:05:25 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?
I just heard this, most likely just a rumor that clearly wants to create market chaos. this is clearly visible notif of the news. |
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victory.lil
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July 07, 2018, 06:06:24 PM |
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It's already been a long time, so now we can only think about it, yes, of course this has affected the altcoins and bitcoin so much money has gone, I think that this is a lot of money they will in any case have a serious impact on prices.
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AshikurRahmanKhan16
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July 07, 2018, 06:13:00 PM |
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It was the worst news for every crypto member in June. But we are lucky that Bithumb hack did not affect the market for a long time. The crypto market already recovered and it's increasing gradually. In my opinion, Exchange hacks is like a curse for the crypto. Almost every year, several exchanges are getting hack. Hope bithumb will recover their losses.
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mr.nby
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July 15, 2018, 04:30:56 PM |
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Such situations definitely have an impact on the entire crypto market. Every hacker attack on the stock exchange or other activity related to cryptocurrencies causes big turmoil on the market. This can not be avoided. The market for such events reacts very rapidly falling prices. In addition, it has a negative impact on the perception of crypto by potential investors.
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bitc0000
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July 15, 2018, 04:35:49 PM |
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Yes. Bithumb is the big and leading exchange. If the bithumb exchange has a bad problem occurs. It can affect the entire market. Not anything altcoin
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meanwords
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July 15, 2018, 04:48:29 PM |
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There's not doubt that hacks like this that is happening so recently will affect the over all price of all the coins. It would create a lot of FUD around and the reputation of cryptocurrency would stain. Like for example, if those hackers tried to create their hacked coins, then it would create an impact in the market because it will dumped. Also, people would see this as a bad news for everyone and it would create a lot of panics which will into more coins getting dump.
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trash321
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July 15, 2018, 04:49:55 PM |
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As we have already been able to verify that nothing has happened and no circumstances of this kind have been able to affect altcoins and btc, everything has long been in the past and today it is better to think about something very positive.
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alenahype
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July 15, 2018, 05:06:15 PM |
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It seems to me will not influence, because from bitkoin there is a whole history and all price its rise and recession. So there's nothing to worry about.
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acheampong64
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July 20, 2018, 03:01:35 PM |
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Most times the hack itself don't cause market dips unless it's a huge one, but the news spreads the panic. There are hacks that don't even get hold of the coins of users of an exchange but the mere panic if hearing the ness can cause the dip. Anyways Bithumb is a large exchange and so that was why it dipped BTC a bit but that didn't happen for long, it was transient.
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