Quote from: GOLD Dev on August 05, 2016, 12:53:57 PM

Bitcoin is still holding up quite nicely after that 119k BTC theft...

The market overreacted and, at peak, we got ~1/3 of the marketcap wiped out. You can't have a 60mn theft taking billions of the marketcap - it's irrational.

The DAO "hack" was larger and Ethereum lost a couple hundred millions at most in marketcap - despite the fact that percentage-wise the DAO was very big compared to the ETH marketcap.

So, as I see it, the over-reaction is due for mid-term upwards correction. The amount stolen was not that big anyway (~0.7%). Although the air must be cleared first with the coins and funds at finex before the upwards trend resumes. Once that is done, it might trigger a race to frontrun the other buyers towards 600+.