whether bithumb has been hacked, is it correct?
but why bithumb has removed a tweet about the hack they have been experiencing?
I think there's something awkward and wrong, is incident a conspiracy to manipulate the market?
Topic: Will Bithumb hack affect Altcoin too? - page 3. (Read 574 times)
Depends what you invested in. Majority of altcoins will fall, but if you went all in with ethereum classic then you would not have been affected. After the news about being listed on coinbase it has been immune to the bearish dumps in the market
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?
As they see, it affects bitcoin at 2%. Of course when the bitcoin fell, there are many exchange of altcoin to bitcoin affect the price. When you see the price that bitcoin get the highest price then when it falls, almost all altcoins fall too.
How they hacked it? the transaction can be tracked when the hackers hacked some crypto?
Unambiguously affect, and so will be as long as there is one pair of bitcoins / altcoin, as soon as there is a pair of fiat / altcoin, everything will be fine!)
the terrible news if the site could be up to Exchange stolen as easily as that. of course this will affect altcoin also remembers bitcoin has always been a reference for almost all altcoin. whether it will impact big or small but certainly hoping only the best.
hacking the exchange is always at least a correction. if some coin is stolen more than the other - it is also a bad sign, because it is this coin then the scammers will sell and push the market. Therefore, for such news, you still need to follow
It doesn't matter, in fact there is correction about that, this time we are facing another big problem with mtgox. Remember kobayashi as mtgox trustee was dumping their bitcoin time to the time. And in this time he still hold a lot of bitcoin but another good news has come to the market about that.
Yes, because stolen exchange will affect people's confidence, then there will be a lot of people choose to sell BTC at this time.
When the price of BTC falls, then all altcoin will fall.
When the price of BTC falls, then all altcoin will fall.
hacking the exchange is always at least a correction. if some coin is stolen more than the other - it is also a bad sign, because it is this coin then the scammers will sell and push the market. Therefore, for such news, you still need to follow
This has already happened. Today, according to CoinMarketCap, the rate of bitcoin fell to 6,162 dollars, and ethereum - to 473 cL. Similarly, all the altcoys fell in price. Everyone associates this fall with the breaking of the South Korean Bithumb stock exchange. If so, then I do not think that such a fall will be long. In a week, everything should be restored.
Even it not much big like another case before but it will have impact with the market because it make people worry about security in crypto and of course it can make market down again. 
I think it will have affect on altcoins as it is affecting bitcoin as well. But the effect will be temporary. It will recover soon.
From my perspective i think it will affect the whole crypto currency market. Because for this reason many investors are afraid to invest on this market. They might feel nervous for invest.
I believe confidence is everything in a market that relies on nothing but confidence on the technology and adoption. So any hack that affects confidence is drastic for any cryptocurrency, not only bitcoin.
I think this will effect as this kind of news sread very fast and people feel really insecure with their coin and is found to sell their coin at the prevailing price for the fear of being theft.
No it won't,bithump already said they will bear the loss and move the other holdings to cold storage.
Thanks for sharing your view on the Bithumb hack. As at this morning Bitcoin abd Ethereum are gaining their strength back in the crypto market with 1.79% and 3.37% respectively. This shows that there is no major effect of the hack on bitcoin. Bitcoin is still doing fine.
So far that particular incident is not been felt from the current momentum that the crypto market are doing right now, unlike with bitgrail we really seen the impact with the market value, looking forward for more investors to hold on and traders to keep buying and hold every crypto that they are holding, Bithumb is taking the responsibility and good thing to freeze transactions to avoid more damage, more pushed so we will attract newbies to invest with crypto business.
Thanks for sharing your view on the Bithumb hack. As at this morning Bitcoin abd Ethereum are gaining their strength back in the crypto market with 1.79% and 3.37% respectively. This shows that there is no major effect of the hack on bitcoin. Bitcoin is still doing fine.
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?
Altcoin price most of the time follows the lead of bitcoin price. If bitcoin goes green, the altcoins go green too. If it falls, we see the price of altcoin falling more badly. So yes, the hack will affect the price of altcoin if the price of bitcoin is affected. But weirdly, the price of bitcoin have turned blind eye and is still going up. The hack just caused a small price change which has been recovered soon and we are about the see the price hit $7,000 soon enough. What is your view. Will it affect all altcoins too?
bithumb has removed their tweets about hacking they are experiencing, what is it?
I do not see any decline in the market after this exchange is hacked and I'm sure this issue does not affect the crypto market situation, because everyone is fed up and upset with all this.
I do not see any decline in the market after this exchange is hacked and I'm sure this issue does not affect the crypto market situation, because everyone is fed up and upset with all this.
Of course it will. Until we get more fiat/altcoin pairings, the whole market generally follows Bitcoin - if Bitcoin gets hacked, everything dips. You can already see red across the board if you go to coinmarketcap right now.
Uhmmm, the thing is bitcoin is always going to be at the top as it is the main cryptocurrency. In order to get into other cryptos you need to buy bitcoins first thus raising it's dominance, in order to get out you need to sell alts for btc. Thus bitcoin price will always affect crypto priceWhile this is true at the moment, it won't always be the case. With more exchanges like Binance and COSS starting to introduce buying alts directly with fiat, you won't always have to buy Bitcoin first.
Jump to: