Effects of hacked Japanese exchange on market - page 3.

shursight

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No, the entire market is on a dip moment right now, it seems that the social media and all the other kind of stuff is trying to push the price to go down

Quote from: wklt2002 on January 26, 2018, 02:59:40 PM

Today there was another dip in prices of a major part of cryptocurrencies. And around the same time a big Japanese exchange was hacked and 400 million dollars worth of NEM stolen. It's obvious this caused the dip in NEMs price, -9,50%, but did the same hack cause the dip of the entire cryptomarket? Within 6 hours the entire marketcap lost 50 billion dollars, it has to do something with the hack right?

Just be quiet, do not sell anything if you are thinking about doing it.

The price is going to go up again once that everything recovers (if there are good news after all)

wklt2002

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Quote from: ruffles2016 on January 26, 2018, 03:11:18 PM

Thanks for information. I think it might obviously affect markets but I don't think it is that important. Markets were already in bear trend in last couple of weeks so this is regular correction day as well.

Yeah, that might also be the case. I was just wondering because both events happened around the exact same time. Hopefully this downwards trend doesn't continue for too long.

左

sr. member

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Such people really ruin things for a lot of people, every hack has it's effect and things will usually correct though.

samcrypto

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Vave.com - Crypto Casino

The exchange was being hacked and not the blockchain of NEM itself. Misleading information can really gives negative impact to the market of cryptocurrencies. This should be investigated, there’s might be an inside job. This is what happening now, people are getting more scared and market dumps. Well NEM is a great blockchain technology, and it will bounce back.

wklt2002

member

Activity: 126

Merit: 10

Quote from: mcs_john on January 26, 2018, 03:08:17 PM

My opinion is that today dip was caused by the hack. I think people hearing hack, exchange and 400 million in the same phrase start to panic sell. The market is extremely sensitive to all news, especially to the bad ones. Every time something bad happens or even a rumor appears that something bad might be planned there is a dip.

Yeah we sure have seen some examples of bad rumors spreading and causing big dips, like the rumor(s) of China/ South Korea banning cryptocurrencies. Also 10 days ago when Bitconnect crashed, bitcoin lost about $4k ($14.000 to $9.600) and it's still around that price.

luongdk

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It's surely bad news, but I have a question:
May it be possible that because of hack and subsequent falling this cryptocurrency, tomorrow may be will rise another one? What do you think about it?

Neo.op

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sad situation for the market. The market has been declining steadily lately
Companies need to improve their measures for these bad guys

ruffles2016

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Presale is live!

Thanks for information. I think it might obviously affect markets but I don't think it is that important. Markets were already in bear trend in last couple of weeks so this is regular correction day as well.

South Park

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I am terrible at Fantasy Football!!!

Quote from: wklt2002 on January 26, 2018, 02:59:40 PM

Today there was another dip in prices of a major part of cryptocurrencies. And around the same time a big Japanese exchange was hacked and 400 million dollars worth of NEM stolen. It's obvious this caused the dip in NEMs price, -9,50%, but did the same hack cause the dip of the entire cryptomarket? Within 6 hours the entire marketcap lost 50 billion dollars, it has to do something with the hack right?

Yest it did, while the most affected has to be NEM of course, the whole market is going to suffer, according to the reports this is the biggest hack ever, in some sites they are talking about more than 500 millions and in others about 600 millions this is huge, and this shakes the confidence of the public in cryptocurrencies even if it seems the exchange was at fault.

mcs_john

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Share your merit with me if I was helpful :)

My opinion is that today dip was caused by the hack. I think people hearing hack, exchange and 400 million in the same phrase start to panic sell. The market is extremely sensitive to all news, especially to the bad ones. Every time something bad happens or even a rumor appears that something bad might be planned there is a dip.

wklt2002

member

Activity: 126

Merit: 10

Today there was another dip in prices of a major part of cryptocurrencies. And around the same time a big Japanese exchange was hacked and 400 million dollars worth of NEM stolen. It's obvious this caused the dip in NEMs price, -9,50%, but did the same hack cause the dip of the entire cryptomarket? Within 6 hours the entire marketcap lost 50 billion dollars, it has to do something with the hack right?

Topic: Effects of hacked Japanese exchange on market - page 3. (Read 376 times)