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RE: Update: Bitfinex Confirms 119,756 Bitcoin Stolen. Bitfinex Hack Live Blog
This will set things back considerably though. Just look at the sustained imact of the Gox hack on BTC prices. Hopefully it won't be as bad.
The upside as someone said is cheaper bitcoin prices so as long as you can buy at or near the bottom then great.
Could also create a mini alt boom too.
Yeah, the alt boom is definitely possible. I wonder which alts will succeed.