Will Bithumb hack affect Altcoin too?

[melamiras]

Yes of course! A hack is bad for all the sector since the price of most alts is tied to bitcoin and ethereum mostly, so there is no doubt that will happen.

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[Accts4u2]

Any hack that happens affects the prices of all of the coins, once anything affects the price of bitcoin then you can be sure that the prices of all of the altcoins would be affected too. Hacks are the biggest enemies of cryptos. Not only do people lose their coins to it, there is always the issue of the FUDs that follow which can lead people to panic selling their coins.

[Dmberum]

Depends what you put resources into. Greater part of altcoins will fall, however in the event that you bet everything with ethereum exemplary then you would not have been influenced. After the news about being recorded on coinbase it has been invulnerable to the bearish dumps in the market

[hurikom]

For the most part Crypto showcase is presently completely anchored on the grounds that this market is completely decentralized so there is less odds of hack this framework however couple of years prior this occurrence happened yet this episode is completely dubious in light of the fact that it was incomprehensible yet they recuperate this misfortune soon on the grounds that crypto advertise is prominent at this point.

[Oleyumi]

I think hacking Bithumb had no effect on the cryptographic money. Truly, there will dependably be individuals who frenzy and dump resources at the principal terrible news. Be that as it may, luckily, such individuals don't shape a market, such individuals help to gain "savvy" individuals , whales. Smile Now, we are seeing a time of misery, albeit today particularly the entirety of my coins have developed by around 30%, yet I'm certain this is a beguiling move. Not yet! We didn't have the correct news, which would have constrained the market to pivot.