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Author Topic: The influence of hackers on the movement of price is crypto-currency.  (Read 163 times)
Dimon8
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July 04, 2018, 01:50:31 PM
 #1

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?

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July 04, 2018, 02:37:06 PM
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I believe that they do not manipulate the price significantly. In my opinion it is unprofitable for them to lose a bunch of time to break the baskets, and then for nothing to sell all of it. Here, most likely, they simply roll over all the tows, broadcasters, bitcoins to another baskets, and then they are already selling.
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July 04, 2018, 02:46:05 PM
 #3

These hackers surely knows how to maximize their profits, and to be able to do that they don't need to sell it all at once as it will just make the trail easier to follow and track. These hacked coins are sold by batches and by increments, so no significant price change is seen and no trails are followed. Somehow it affects the overall price; negative news still has a huge implication when it comes to price. However on the selling side of things, it would take some time before they offload the coins so as not to get caught red-handed.

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July 04, 2018, 02:52:01 PM
 #4

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?

Definitely they do affect it because at the time of selling they are actually acting as the dumping source and they dont just dump few thousands but millions in dollars. Off course this has got some major influence on the crypto exchanges. There forms two loop holes here, very first exchanger which got hacked looses its money and investors too thus making its volume go crazy low. And secondly when the hackers sell at another marketplace then they shake the base of whole market by dumping it at low rates. Yes they affect it for sure.



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July 04, 2018, 03:15:09 PM
 #5

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?
Of course, the hacker must sell at a price below the market and it will affect the price of the coin in gouge, then it will have an impact on the other coins. Hacking a Crypto greatly affects.
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July 04, 2018, 03:20:59 PM
 #6

These hackers surely knows how to maximize their profits, and to be able to do that they don't need to sell it all at once as it will just make the trail easier to follow and track. These hacked coins are sold by batches and by increments, so no significant price change is seen and no trails are followed. Somehow it affects the overall price; negative news still has a huge implication when it comes to price. However on the selling side of things, it would take some time before they offload the coins so as not to get caught red-handed.
Yes they don't sell it immediately in rush which would make their transactions to be tracked and their coins blacklisted easily.Rather they sell it gradually.So this aspect would won't affect the price.But the news that large volume of coins have been hacked would definitely have a negative impact immediately over the crypto market.It creates a change in minds of crypto holders out of which most of investors sell their coins in panic adding fuel to the fire.

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July 04, 2018, 03:29:10 PM
 #7

The effect of hackers on the dwindling price of cryptocurrency is barely minimal. Every man in this world is profit-oriented, even so the hackers. You can not expect a man to engage in laborious toils of hacking and then cheaply give it out. I thinks what they will do is to sell in batches. Hence, this will not affect crypto price significantly 
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July 04, 2018, 04:09:42 PM
 #8

the currency of crypt
LOL

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from private wallets,
it is not "private" wallet. it is hot wallets that are not properly secured. like a wallet on your desktop that doesn't have a password and when you download a malware.

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as well as hacking crypto-exchange exchanges
most of the exchange hacks have been inside jobs and lies. there were no hacks in most cases the exchange runs away with the money themselves.

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These crypto currencies, probably, are sold at a price below the market price.
why would they sell under price? if they sell on the market they will sell on the market price. if they sell them off the market which is the case they will accept any offer they can get and also that won't affect anything in the market at all.

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July 04, 2018, 04:28:06 PM
 #9

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?

Yes at some of the cases but it will depend on how much they will dump on the market.

But prior for that dumping, it may create fear to others and will began securing their respective funds by either withdrawing or converting it to other alts. Also, it will create negative speculations too that will lead for so much fear and FUD that will bring impact to the current trend.

Sometimes that hacked is shit. It's just their way to spoiled a certain trend and I believed in inside jobs. Hope hacked exchanges will really faced the wrath of law.

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July 04, 2018, 08:50:43 PM
 #10

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?

If the cryptocurrency or bitcoin is hacked by any hackers.It reduce the new investors to inverse in that asset.Hackers had thier influence in  price of crypto-currency. But they don't have a direct impact in the price of bitcoin.They indirectly impact the  price of Bitcoin
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July 04, 2018, 09:25:33 PM
 #11

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?

Hackers play an significant role into the price of cryptocurrencies. As we all know, the blockchain technology is an unparalleled piece of security wherein it eliminates the need of an intermediary which makes every transaction safe. Now if in this notion that we see a system that is built for perfection, suddenly was hacked and tampered with despite being monitored by a network of computers, this would notify the public creating an uproar in social media and resulting to a continuous chain wherein it effects the number of investors coming in/out in the market.

Not to mention, when an ICO gets scammed and hacked, this creates this mentality among investors that they will not risk their resources anytime soon due to the weak security given. Hackers can cause havoc into the price of cryptocurrency and may result to a significant decrease on the price.
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July 04, 2018, 09:28:36 PM
 #12

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?

Definitely they do affect it because at the time of selling they are actually acting as the dumping source and they dont just dump few thousands but millions in dollars. Off course this has got some major influence on the crypto exchanges. There forms two loop holes here, very first exchanger which got hacked looses its money and investors too thus making its volume go crazy low. And secondly when the hackers sell at another marketplace then they shake the base of whole market by dumping it at low rates. Yes they affect it for sure.
So then that means the hackers are just monitoring any movement of the price in cryptocurrency. Will it be substandard knowing that it can crucially affects the quality of crypto? If this continues without prior secured notice , for sure investors will turn back. Is there any other strong method to remove hackers in the community of cryptocurrency? If so, then what is it?
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July 04, 2018, 10:47:30 PM
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The cryptocurrency is attacked by hackers, which will cause the price of cryptocurrency to fall!
People will worry about the security of cryptocurrencies. In order to protect their property, they sell cryptocurrencies, causing prices to fall!
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July 04, 2018, 11:06:15 PM
 #14

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?
There aren't so massive hacks as you talk so their affect is very, very minimal. It also depends how they exchange the coins. For example if they stole a lot of bitcoin and exchanged immediately, of course it will have very low affect on price but if this process continues for weeks or months, that's not a big deal. Also concider that some amount of that bitcoin is always saved, who knows what will happen and how will price skyrockets?

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kevoh
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July 04, 2018, 11:15:03 PM
 #15

The news of hackers hacking an exchange is always suspicious to me as I do not trust the exchanges enough for them not to perpetrate such acts themselves and pretend they were hacked. I remember the case of an exchange (trying to recollect the name) that claimed to have lost a large sum of a particular token when in reality the exchange was actually bankrupt.
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July 04, 2018, 11:20:05 PM
 #16

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?
Most often hackers can't do anything unless you are giving your personal private keys to them. Most of these issues are been manipulated and is not real of hoax only so that it can create FUDs and often triggered the weak-hands people to sell their token into low prices.

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July 04, 2018, 11:22:09 PM
 #17

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets
Nothing new with this news and this isn't a recent one, many phishing links are existing there if you are not aware of others experience that gave warning about it.

as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money.
This is a recent one and it's about Binance exchange that recently sold 1 SYS to 96 bitcoin and thousands of bitcoins has been withdrawn(correct me if I'm wrong on this one) it's on investigation now.

These crypto currencies, probably, are sold at a price below the market price.
Crypto's are volatile so the market price have been unstable since then.

Do you think hackers affect price movement at crypto-exchange stations?
If they sold there's an impact to the crypto economy.

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July 04, 2018, 11:24:39 PM
 #18

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?
These hackers aren't stupid. They know what they are up against and they won't sell immediately. And hackers don't affect the price ffs. Demand and supply determine the prices, and a lot of factors affect the price. Hackers can also be investors, who may be involved in influencing the price. Hackers don't immediately sell their crypto off. They first protect their asses.
There aren't so massive hacks as you talk so their affect is very, very minimal. It also depends how they exchange the coins. For example if they stole a lot of bitcoin and exchanged immediately, of course it will have very low affect on price but if this process continues for weeks or months, that's not a big deal. Also concider that some amount of that bitcoin is always saved, who knows what will happen and how will price skyrockets?
You realize that bithumb was hacked recently right?

This is a recent one and it's about Binance exchange that recently sold 1 SYS to 96 bitcoin and thousands of bitcoins has been withdrawn(correct me if I'm wrong on this one) it's on investigation now.
Binance got hacked? I found an article about this and the status is unconfirmed.

Article: https://stocksgazette.com/2018/07/03/binance-potentially-hacked-for-45-million-announces-unplanned-maintenance/


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July 05, 2018, 08:14:13 AM
 #19


This is a recent one and it's about Binance exchange that recently sold 1 SYS to 96 bitcoin and thousands of bitcoins has been withdrawn(correct me if I'm wrong on this one) it's on investigation now.
Binance got hacked? I found an article about this and the status is unconfirmed.

Article: https://stocksgazette.com/2018/07/03/binance-potentially-hacked-for-45-million-announces-unplanned-maintenance/
It's still unconfirmed but if they found out that they were hacked, I don't think they'll tell the truth about it. They may say that there's a bug that was abused by these hackers when they've found it first.

Thanks for the link, this is more detailed than the other links that came out.

Even Binance, there's really no safe exchange.  Undecided

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July 05, 2018, 08:19:25 AM
 #20

Very often with the news, we read that hackers kidnap the currency of crypt from private wallets, as well as hacking crypto-exchange exchanges and withdrawing from it a huge amount of crypt money. These crypto currencies, probably, are sold at a price below the market price. Do you think hackers affect price movement at crypto-exchange stations?
When they hack your account, that has nothing to do with price.the only time I think it can affect the price of cryptocurrency is when they withdraw it. But wait… there is a difference between selling and withdrawing.

There will be much impact to the price of cryptocurrency when you withdraw, unlike selling it. So if they withdraw it will also affair the price and make it to go down. Uh-huhm…I think the bad activities of that are being done hackers affects bitcoin.
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