What happened to altcoin today (July 10, 2018)

[ibrahimovic89]

Is anyone telling me why today altcoin prices are dropping so much? 

[talkbitcoin]

it is the same downtrend that started at the beginning of the year. you can call it the dumping season and it is the couple to the pumping season that we had last year. and since it has not yet ended the prices are continuing to fall lower and lower until the altcoins that were pumped reach their bottom prices.

[enawati]

Because Bancor decentralized was hacked around $12,5 million, too many case of hacked in this year is bad thing for cryptocurrency market, and should be the crypto community stay strong to looking for solution for this problem. But usually this bad news just make the price of crypto down in 1 or 2 days and after that the price back to norma again.

[Chronner]

guys, what are you talking about?))) The correct alts are up and on the falling ... though they fnd this himself fell from $ 1 to $ 0.1 ...

[Surrapatt]

it is now completely wrong why altcoin has decreased, because there is a lot of bad news about the world of crypto so that it affects the price of most altcoin caused by the many that sell altcoin.

[masterrex]

Because Bancor decentralized was hacked around $12,5 million, too many case of hacked in this year is bad thing for cryptocurrency market, and should be the crypto community stay strong to looking for solution for this problem. But usually this bad news just make the price of crypto down in 1 or 2 days and after that the price back to norma again.

Where did you get that News? is that a relevant news from the "Reliable" source or just another "FUD" coming from some Negga anti-Crypto people, Can you post some link to support your News so we can verify it. if its true this is very alarming this is bad to Crypto -Community this Hacking Issues is a living testament that Crypto- Exchanges are not ready to combat this treat and need some drastic security measures. Im not spreading any Speculation here or FUD but due to this following incidents of hacking the best thing to do is move your Asset to more secure location.

[sorrros]

Because Bancor decentralized was hacked around $12,5 million, too many case of hacked in this year is bad thing for cryptocurrency market, and should be the crypto community stay strong to looking for solution for this problem. But usually this bad news just make the price of crypto down in 1 or 2 days and after that the price back to norma again.

Where did you get that News? is that a relevant news from the "Reliable" source or just another "FUD" coming from some Negga anti-Crypto people, Can you post some link to support your News so we can verify it. if its true this is very alarming this is bad to Crypto -Community this Hacking Issues is a living testament that Crypto- Exchanges are not ready to combat this treat and need some drastic security measures. Im not spreading any Speculation here or FUD but due to this following incidents of hacking the best thing to do is move your Asset to more secure location. like i do.

What? Bancor was hacked? I have some funds here, especially their token.
Why exchanges dont have better protection against hackers?

[Lindazz]

Because Bancor's decentralized exchange of smart contracts was cracked.
So a large number of ETH and NPXS were stolen, leading to panic market sentiment.

[funchiestz]

They will most likely keep their current positions. I do not expect to see a green bar. At least for most of them.

[Myra4]

I think that one of the major players again decided to play hide and seek. Trying to push the market even harder so that everyone finally stopped believing in cryptocurrencies and then a very strong growth

[Alex_He]

People are taking profit from those who entered crypto market earlier this year. These newbies wanted to get rich fast by invest in altcoins for possible high profitability. Unfortunately they were on the wrong side of the market and now it's time to pay up. HODL may survive for some altercoins, but most of altcoins are going down to near zero value soon.

[Red-Apple]

Because Bancor decentralized was hacked around $12,5 million, too many case of hacked in this year is bad thing for cryptocurrency market, and should be the crypto community stay strong to looking for solution for this problem. But usually this bad news just make the price of crypto down in 1 or 2 days and after that the price back to norma again.

Where did you get that News? is that a relevant news from the "Reliable" source or just another "FUD" coming from some Negga anti-Crypto people, Can you post some link to support your News so we can verify it. if its true this is very alarming this is bad to Crypto -Community this Hacking Issues is a living testament that Crypto- Exchanges are not ready to combat this treat and need some drastic security measures. Im not spreading any Speculation here or FUD but due to this following incidents of hacking the best thing to do is move your Asset to more secure location. like i do.

What? Bancor was hacked? I have some funds here, especially their token.
Why exchanges dont have better protection against hackers?

this has been all over the news for the past day. if you just google the name of them ("Bancor") you will find all the news sites on top talking about this.

additionally the news about the hack and them losing millions of dollars worth of altcoins is all over their official Twitter page so it is not fake. you can see it here: https://twitter.com/search/Bancor

[GoldenView]

Is anyone telling me why today altcoin prices are dropping so much? 

"Bancor, a crypto company that touts a decentralized exchange service, has lost some $23.5 million of cryptocurrency tokens belonging to its users following a hack." - source- TechCrunch. Bancor cryptocurrency exchange was hacked for this reason market going down.

[Perunex]

We are still in a downtrend market. Or actually in a "stable" market as the Bitcoin is circulating between 6.000-7.000 for some time now. We have to wait till the summer is over, next pump however will be even higher though.

[NikkiS]

Because Bancor decentralized was hacked around $12,5 million, too many case of hacked in this year is bad thing for cryptocurrency market, and should be the crypto community stay strong to looking for solution for this problem. But usually this bad news just make the price of crypto down in 1 or 2 days and after that the price back to norma again.

Where did you get that News? is that a relevant news from the "Reliable" source or just another "FUD" coming from some Negga anti-Crypto people, Can you post some link to support your News so we can verify it. if its true this is very alarming this is bad to Crypto -Community this Hacking Issues is a living testament that Crypto- Exchanges are not ready to combat this treat and need some drastic security measures. Im not spreading any Speculation here or FUD but due to this following incidents of hacking the best thing to do is move your Asset to more secure location. like i do.

What? Bancor was hacked? I have some funds here, especially their token.
Why exchanges dont have better protection against hackers?

this has been all over the news for the past day. if you just google the name of them ("Bancor") you will find all the news sites on top talking about this.

additionally the news about the hack and them losing millions of dollars worth of altcoins is all over their official Twitter page so it is not fake. you can see it here: https://twitter.com/search/Bancor

For this year, quite often hacking into those or other  exchanges. Somebody must somehow solve the problems with security. There were only for this long fall  already several cases of hacking. This begins to frighten.

[RohitMalhotra123]

Today Altcoin is most likely because it is so a large number of ETH were stolen. Maximum new bies wanted to get rich fast by invest in altcoin for possible high profitability. One of a major player again decided and play hide and seek.

[Chronner]

We are still in a downtrend market. Or actually in a "stable" market as the Bitcoin is circulating between 6.000-7.000 for some time now. We have to wait till the summer is over, next pump however will be even higher though.

Why are you so sure that the next time will be the same as the previous one? In this situation, everything can be. And take off and fall.

[ethereumhunter]

which altcoin do you mean? and if your mean is bancor, then I think it's because there is a bad negative that comes out because I heard from my friends about bancor but I don't search for anything about that. I see in the market, many altcoins are trying to increase again although some of them are down following bitcoin price and if altcoin can get survive this time, then I think soon, we can see altcoin will start rise again. we are waiting for a long time just to see the altcoin increase back and I think in the rest of this year, we will see altcoin is getting up again.

[arthur304]

It has being a terrible year for the crypto currency market in general. Let's just hope we will see a tangible reversal soon though

[Red-Apple]

Because Bancor decentralized was hacked around $12,5 million, too many case of hacked in this year is bad thing for cryptocurrency market, and should be the crypto community stay strong to looking for solution for this problem. But usually this bad news just make the price of crypto down in 1 or 2 days and after that the price back to norma again.

Where did you get that News? is that a relevant news from the "Reliable" source or just another "FUD" coming from some Negga anti-Crypto people, Can you post some link to support your News so we can verify it. if its true this is very alarming this is bad to Crypto -Community this Hacking Issues is a living testament that Crypto- Exchanges are not ready to combat this treat and need some drastic security measures. Im not spreading any Speculation here or FUD but due to this following incidents of hacking the best thing to do is move your Asset to more secure location. like i do.

What? Bancor was hacked? I have some funds here, especially their token.
Why exchanges dont have better protection against hackers?

this has been all over the news for the past day. if you just google the name of them ("Bancor") you will find all the news sites on top talking about this.

additionally the news about the hack and them losing millions of dollars worth of altcoins is all over their official Twitter page so it is not fake. you can see it here: https://twitter.com/search/Bancor

For this year, quite often hacking into those or other  exchanges. Somebody must somehow solve the problems with security. There were only for this long fall  already several cases of hacking. This begins to frighten.

that is not something you can easily solve.
hacks will always happen, it is more like a never ending fight between the hackers and the exchanges or generally the security experts. and it is not just happening on exchanges, there are a lot of businesses and websites that are suffering these attacks. the only thing you can do about it is to reduce the damage.
for example the exchanges should really start using multi signatures and keep the keys separate and also hold most of their coins in cold storage. that can at least reduce the amount they lose.