Cryptopia Hacked. Will BTC Crash?
I think they eat people money and than they say their Exchange hacked.
it seems that these rumors do not destabilize the market too deeply, because bitcoin remains in the range of 3k. so I don't think there is a swooping movement due to hacking rumors for the Cryptopia exchange.
Yes, there's no major damage that has been done after this reported hack happen with cryptopia, the market still moving the same and there's no
sign of more bearish nor to have any bullish but a flat market that still ongoing, we do have lots of news and unlike before where holders start to
panic from each bad or good news that showed up around.
That's what I'm saying, because cryptopia is not a big exchange and the entire crypto market is about billions, they only have millions.
I'm guessing, it's the first hack of the year, right? It should move the price down ward a little bit but we did not see it.
People does not easy panic now and they also do not allow themselves to get hype and that resulted to a little stable price of BTC, this year might be for recovery.
I don't think that people will not panic for any negative news, they still are and this market is still based on speculations so I wouldn't discount that possibility. Yes, its the first hack of the year and I'm sure there will be more, sad to say. Maybe cryptopia doesn't have a wide audience that's why the damage is just minimal but I'm sure if a exchange is in the top trading volumes, the effect will be catastrophic.