Cryptopia Hacked. Will BTC Crash?
I think they eat people money and than they say their Exchange hacked.
No. Why would btc be affected by cryptopia hack? I mean cryptopia is a good exchange at its level and all that but they are not really that big and even if the hacker got all the money in hot wallet it would probably not end up worth that much.
Bitcoin managed to get 5 thousand bitcoin sold all at once and dropped only 8% at one point, which means bitcoin can take some damage and still continue to fight the bull side instead. We are waiting for the SEC decision now and the BAKKT deal going through so right now wouldn't be the right time to sell anyway and thats why even hackers won't be selling their coins right now.
Maybe wait until that two thing goes by and if the price goes higher than they can sell their coins for a profit on the hack job but until that time it seems like crash is impossible.