Post
Topic
Board Bitcoin Discussion
Re: Billions stolen from South Korean Bitcoin exchange
by
1Referee
on 04/07/2017, 15:06:31 UTC
With the bitcoin market cap as high as it is now, the market will easily absorb it.

The market cap plays no role of importance here. It all depends on how much buy support there is available on-exchange. Judging purely on that fact, these coins will result in a $50-$60 decrease if dumped at once on Bitstamp. In other words, it's peanuts. Bitcoin is booming, and thus you'll see a lot exchanges pop up trying to take their cut. In most cases these exchanges are pushed online as soon as possible, which mostly isn't a good thing in terms of security. Result is that we are likely going to experience more of these thefts in the coming year(s).