Topic: Will Bithumb hack affect Altcoin too? (Read 574 times)
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.
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.
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
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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?
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.
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.
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.
Since the investors will react o that resulting to low demands that can cause a lower market value in the market.
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.
people and if Bitcoin gets hacked, it's all dips. You can already see red on the board if you go to Coinmarketcap now.
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.
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?
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!
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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